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← CockpitCompetitor Analysis › 603348.SS Wencan Group Co., Ltd. Class AOpen in the cockpit ↗

Wencan Group Co., Ltd. Class A603348.SSCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Auto Parts: OEM
Momentum strong 70
Mkt cap
$670M
US dollars, full cap
Free float
54%
of shares outstanding
$/day
$17.8M
20-day average traded
Fwd P/E
58.3×
forward earnings
ROIC−WACC
-4.6 pp
WACC 6.1%
Hurdle
n/a
no reverse DCF
Next earnings
173 days
28 Apr 2027
Close · CNYCN¥14.58
1D-3.3%
1W+2.6%
1M+1.2%
3M+0.7%
6M-21.7%
YTD-24.3%
1Y-32.7%
ATR %5.2%
52w lowhigh35.1% off high

What Wencan does

Employees: 6,617

Wencan at a glance

Size Wencan (603348.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $670M, the 3164th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.58 on 6 Nov 2026.

Performance Over six months the shares fell 21.7%, against -21.7% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 3.0% over the last twelve months (peer median +4.1%); the operating margin is -6.6% (peer median 5.1%).

Valuation It trades at 58.3× forward earnings against a peer median of 18.6× (2nd most expensive of 13).

Capital Return on invested capital runs 4.6 points below its cost of capital (6.1% WACC).

Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026603348.SS 79Peer median 76
Six months, rebased to 100: Wencan against the median of its 20 peers (local-currency closes).

Wencan financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥6.03BCN¥5.90BCN¥6.21BCN¥5.07BCN¥5.22B
Revenue growth—-5%+23%-3%—
Gross profitCN¥951MCN¥598MCN¥731MCN¥709MCN¥940M
EBITDAn/aCN¥757MCN¥810MCN¥618MCN¥762M
Net income-CN¥635M-CN¥348MCN¥115MCN¥50.4MCN¥238M
Free cash flow-CN¥359M-CN¥208M-CN¥343M-CN¥126M-CN¥378M
Capital expenditureCN¥631MCN¥776MCN¥722MCN¥905MCN¥958M
Total debtCN¥2.90BCN¥2.64BCN¥2.22BCN¥2.56BCN¥2.25B

Quarterly statements and history in the cockpit →

Wencan competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%-10%-5%0%300507300547603701002662002406SJS6605SUPRAJIT002765BUR6050186037675195301072620951926031580025906463603348.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Wencan is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%0×50×100×300547603701002406SJS6605SUPRAJIT002765605018519551926031586463603348.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Wencan is the large dot.

Wencan competitors and peer comparison

How Wencan compares with its peers

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.

Wencan against its 20 peers (data as of 6 Nov 2026)
Measure603348.SSPeer medianRank in peer set
1-month return+1.2%-4.5%4th highest of 21
6-month return-21.7%-21.7%11th highest of 21
Distance from 52-week high-35.1%-33.8%10th lowest of 21
Revenue growth (TTM)+3.0%+4.1%11th highest of 21
Operating margin-6.6%5.1%lowest of 21
Forward P/E58.3×18.6×2nd most expensive of 13
ROIC minus cost of capital-4.6 pp-1.1 pp5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Wencan 603348.SSChina$670M-22%+3%-7%58.3×n/an/a
Jiangsu Olive Sensors High-Tech 300507.SZChina$671M-32%-17%5%n/a17.1%+23.1%
Sichuan Chuanhuan Technology 300547.SZChina$661M-48%-2%13%16.2×14.9%+17.3%
Zhejiang Dehong Automotive Electronic & Electrical 603701.SSChina$694M-29%+35%2%110.6×n/an/a
Fengjing New Energy Technology 002662.SZChina$646M-27%-11%4%n/a2.6%-5.0%
Xuchang Yuandong Drive Shaft 002406.SZChina$699M-24%+31%13%20.9×2.1%-6.3%
S.J.S. Enterprises SJS.NSIndia$699M+3%+26%24%30.4×20.2%+30.6%
Depo Auto Parts Industrial 6605.TWTaiwan$642M-1%-6%15%7.5×-12.3%+6.4%
Suprajit Engineering SUPRAJIT.NSIndia$701M+11%+18%7%23.8×n/an/a
Landai Technology 002765.SZChina$637M-31%-2%-1%50.1×n/an/a
Burelle BUR.PAFrance$635M-23%-3%2%n/a-4.4%+7.6%
Changhua 605018.SSChina$710M-21%-7%-1%25.8×n/an/a
Zhejiang Zomax Transmission 603767.SSChina$711M-20%+3%1%n/a23.6%-2.7%
Bando Chemical Industries 5195.TJapan$632M+17%+6%9%11.4×-0.1%+7.9%
Zhongjie (Jiangsu) Technology 301072.SZChina$630M+63%+11%-6%n/an/an/a
Npr-riken 6209.TJapan$630M-5%-3%7%n/a2.1%-3.1%
Mitsuboshi Belting 5192.TJapan$716M+4%+5%10%10.8×-1.1%+7.3%
Changzhou Tenglong Auto Parts 603158.SSChina$719M-22%+9%4%15.4×25.1%+18.7%
Zhejiang VIE Science & Technology 002590.SZChina$723M-22%+8%4%n/a9.1%+14.5%
TPR 6463.TJapan$620M+23%+1%6%9.6×-0.4%+4.6%
Shentong Technology 605228.SSChina$726M-28%+7%11%n/a7.1%+4.9%

Questions

Which companies are Wencan's closest peers?
The cockpit's peer set: Jiangsu Olive Sensors High-Tech (300507.SZ), Sichuan Chuanhuan Technology (300547.SZ), Zhejiang Dehong Automotive Electronic & Electrical (603701.SS), Fengjing New Energy Technology (002662.SZ), Xuchang Yuandong Drive Shaft (002406.SZ), S.J.S. Enterprises (SJS.NS), Depo Auto Parts Industrial (6605.TW), Suprajit Engineering (SUPRAJIT.NS).
Is Wencan expensive compared with its peers?
On forward p/e it trades at 58.3× against a peer median of 18.6×, 2nd most expensive of 13 in its peer set.
How has Wencan stock performed?
Over six months to 6 Nov 2026 the shares returned -21.7% against -21.7% for the median peer; over one year -32.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.