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Chinese aluminum die-casting auto-parts maker and a qualified supplier to Tesla and domestic EV makers.
Chinese aluminum die-casting auto-parts maker and a qualified supplier to Tesla and domestic EV makers.
Paid per part supplied against each vehicle programme, so revenue follows its customers' EV output, and reliance on Tesla and a few other makers means one programme can swing results. Giga-casting, with very large presses, lets it make big one-piece parts that replace many welded ones.
Moat: narrow (customer qualification, process know-how). Qualified Tesla supplier status for large die-cast structural components is a scarce credential.
Headquarters: Ningbo, Zhejiang, China · Employees: 4,211
Size Ningbo Xusheng (603305.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.98B, the 1275th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.44 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -22.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +9.7%); the operating margin is 7.2% (peer median 5.3%).
Valuation It trades at 27.5× forward earnings against a peer median of 18.8× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points below its cost of capital (9.6% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.89B | CN¥4.42B | CN¥4.39B | CN¥4.80B | CN¥4.45B |
| Revenue growth | — | +1% | -8% | +8% | — |
| Gross profit | CN¥1.28B | CN¥767M | CN¥786M | CN¥1.06B | CN¥1.02B |
| EBITDA | n/a | CN¥870M | CN¥911M | CN¥1.11B | CN¥953M |
| Net income | CN¥380M | CN¥365M | CN¥416M | CN¥714M | CN¥701M |
| Free cash flow | CN¥756M | CN¥69.5M | CN¥652M | -CN¥333M | -CN¥852M |
| Capital expenditure | CN¥277M | CN¥619M | CN¥567M | CN¥1.32B | CN¥1.26B |
| Total debt | CN¥2.25B | CN¥2.32B | CN¥5.65B | CN¥2.35B | CN¥2.63B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ningbo Xusheng 603305.SS | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% |
| Fulin Precision 300432.SZ | $3.84B | -47% | +95% | 5% | 20.2× | n/a |
| Guangdong Hongtu Technology (Holdings) 002101.SZ | $805M | -19% | -1% | 2% | 12.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603305.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | -7.0% | 5th highest of 21 |
| 6-month return | -25.8% | -22.1% | 9th lowest of 21 |
| Distance from 52-week high | -49.0% | -38.6% | 7th lowest of 21 |
| Revenue growth (TTM) | +12.1% | +9.7% | 10th highest of 21 |
| Operating margin | 7.2% | 5.3% | 9th highest of 21 |
| Forward P/E | 27.5× | 18.8× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 9.2% | 11.9% | 8th least demanding of 16 |
| Growth delivered (Del g) | +22.1% | +8.9% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | -13.0 pp | +7.7 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | -1.9 pp | +0.0 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | n/a | -8.3% | +8.1% |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 23.6× | 11.9% | +3.1% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 75.9× | 43.2% | +22.7% |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| Visteon VC | United States | $1.87B | -34% | +2% | 5% | 8.0× | 5.3% | +8.1% |
| Foryou 002906.SZ | China | $1.87B | -25% | +28% | 5% | 13.9× | n/a | n/a |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| Shanghai Aerospace Automobile Electromechanical 600151.SS | China | $1.83B | -41% | -19% | -10% | n/a | 34.7% | -9.9% |
| Tenneco Clean Air India TENNIND.NS | India | $1.81B | -35% | +22% | 14% | 24.9× | 14.4% | +3.8% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Minda MINDACORP.NS | India | $1.80B | +33% | +33% | 8% | 37.6× | 32.0% | +21.3% |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Shuanglin 300100.SZ | China | $1.80B | -27% | -11% | 4% | 32.6× | 25.5% | +8.9% |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Gestamp Automocion GEST.MC | Spain | $1.77B | -13% | -3% | 5% | 7.3× | -5.7% | +8.8% |
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |