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Chinese maker of small-appliance motors and floor-care machines, selling OEM motors plus its own Tineco smart-cleaning brand.
Chinese maker of small-appliance motors and floor-care machines, selling OEM motors plus its own Tineco smart-cleaning brand.
Began as a motor supplier to appliance brands and moved into selling its own branded machines, which are sold mainly online and earn higher prices but need marketing spending. OEM motor work remains.
In one line: A smaller, motor-heavy Dyson with an OEM motor business.
Moat: narrow (process know-how, brand). Long-run motor manufacturing scale plus a fast-growing Tineco smart-cleaning brand.
Headquarters: Ningbo, China · Employees: 11,210
Size Kingclean Electric (603355.SS) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $2.79B, the 920th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.19 on 6 Nov 2026.
Performance Over six months the shares gained 3.6%, against -3.0% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 1.9% over the last twelve months (peer median +2.1%); the operating margin is 8.0% (peer median 7.0%).
Valuation It trades at 35.9× forward earnings against a peer median of 18.1× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (5.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.62B | CN¥9.82B | CN¥9.73B | CN¥8.75B | CN¥9.87B |
| Revenue growth | — | +1% | +11% | -11% | — |
| Gross profit | CN¥2.26B | CN¥2.07B | CN¥2.26B | CN¥2.15B | CN¥2.07B |
| EBITDA | n/a | CN¥1.23B | CN¥1.35B | CN¥1.21B | CN¥1.12B |
| Net income | CN¥502M | CN¥799M | CN¥1.23B | CN¥1.12B | CN¥1.03B |
| Free cash flow | CN¥1.35B | CN¥1.05B | CN¥1.12B | CN¥472M | CN¥444M |
| Capital expenditure | CN¥367M | CN¥541M | CN¥503M | CN¥373M | CN¥412M |
| Total debt | CN¥10.5B | CN¥9.24B | CN¥6.29B | CN¥5.68B | CN¥4.45B |
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 |
|---|---|---|---|---|---|---|
| Kingclean Electric 603355.SS | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% |
| Ecovacs Robotics 603486.SS | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% |
| Beijing Roborock Technology 688169.SS | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% |
| Midea 000333.SZ | $101B | +10% | +2% | 9% | 14.5× | -3.2% |
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 | 603355.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.3% | -2.5% | 10th highest of 21 |
| 6-month return | +3.6% | -3.0% | 11th highest of 21 |
| Distance from 52-week high | -14.7% | -30.1% | 6th highest of 21 |
| Revenue growth (TTM) | -1.9% | +2.1% | 7th lowest of 21 |
| Operating margin | 8.0% | 7.0% | 8th highest of 21 |
| Forward P/E | 35.9× | 18.1× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 4.4% | 3.8% | 8th least demanding of 15 |
| Growth delivered (Del g) | +9.4% | +6.1% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -5.1 pp | -4.0 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | +1.9 pp | +0.4 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |
| Theon International THEON.AS | Netherlands | $2.36B | -10% | +32% | 23% | 17.1× | 18.7% | +52.2% |
| Shanghai Flyco Electrical Appliance 603868.SS | China | $2.34B | +4% | +1% | 17% | 24.2× | 4.6% | +1.5% |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Hangzhou Robam Appliances 002508.SZ | China | $2.28B | -10% | -18% | 8% | 14.4× | 6.3% | +4.5% |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Whirlpool WHR | United States | $2.01B | -32% | -6% | 2% | n/a | n/a | n/a |
| Spectrum Brands SPB | United States | $1.99B | +6% | +1% | 9% | 17.1× | -2.5% | +1.4% |
| Sonos SONO | United States | $1.94B | +9% | +6% | 6% | 149.2× | 17.3% | +1.7% |
| Ecovacs Robotics 603486.SS | China | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% | +21.4% |
| Hisense Home Appliances 0921.HK | Hong Kong | $4.26B | -24% | -6% | 3% | 9.3× | -13.5% | +11.9% |
| Shenzhen MTC 002429.SZ | China | $4.30B | -42% | +3% | 7% | 22.1× | n/a | n/a |
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Edifier Technology 002351.SZ | China | $1.60B | +8% | -1% | 18% | 22.3× | 3.0% | +7.6% |
| Sichuan Jiuzhou Electric 000801.SZ | China | $1.58B | -19% | +20% | 3% | 45.1× | n/a | n/a |