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Employees: 869
Size Zhejiang Liju Thermal Energy Equipment (603391.SS) is a China Industrials company (Industrial Machinery) with a market value of $973M, the 2343rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥71.66 on 6 Nov 2026.
Performance Over six months the shares gained 18.3%, against -12.8% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median +7.5%); the operating margin is 18.1% (peer median 6.6%).
Valuation It trades at 5.7× enterprise value to sales against a peer median of 4.1× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.1 points above its cost of capital (6.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.08B | CN¥1.13B | CN¥1.06B | CN¥1.20B | CN¥979M |
| Revenue growth | — | +7% | -11% | +22% | — |
| Gross profit | CN¥469M | CN¥445M | CN¥429M | CN¥470M | CN¥389M |
| EBITDA | n/a | CN¥266M | CN¥261M | CN¥299M | CN¥200M |
| Net income | CN¥211M | CN¥226M | CN¥291M | CN¥268M | CN¥164M |
| Free cash flow | CN¥231M | CN¥167M | CN¥51.3M | CN¥108M | CN¥203M |
| Capital expenditure | CN¥94.9M | CN¥192M | CN¥246M | CN¥110M | CN¥108M |
| Total debt | CN¥137M | CN¥131M | CN¥37.6M | CN¥106M | CN¥144M |
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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 | 603391.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | -11.3% | 6th highest of 21 |
| 6-month return | +18.3% | -12.8% | 2nd highest of 20 |
| Distance from 52-week high | -9.7% | -42.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +9.0% | +7.5% | 11th highest of 21 |
| Operating margin | 18.1% | 6.6% | 5th highest of 21 |
| EV / Sales | 5.7× | 4.1× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.0% | 9.7% | 6th least demanding of 11 |
| Growth delivered (Del g) | +5.0% | +9.5% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | +7.1 pp | -1.5 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +3.1 pp | -3.1 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Liju Thermal Energy Equipment 603391.SS | China | $973M | +18% | +9% | 18% | 5.7× | 12.0% | +5.0% |
| METAWATER 9551.T | Japan | $972M | +4% | +13% | 6% | 0.7× | 0.9% | +9.5% |
| Yindu Kitchen Equipment 603277.SS | China | $969M | -17% | -4% | 19% | 2.2× | -4.3% | +11.1% |
| Truking Technology 300358.SZ | China | $968M | -8% | +6% | 6% | 1.0× | -1.7% | +10.1% |
| Chang Wah Electromaterials 8070.TW | Taiwan | $965M | -10% | +19% | 12% | 1.2× | -6.6% | +3.3% |
| Ye Siang Enterprise 7909.TWO | Taiwan | $984M | -53% | -14% | 16% | 19.6× | 34.9% | -13.5% |
| Changzhou Kaidi Electrical 605288.SS | China | $985M | +12% | +1% | 3% | 4.3× | n/a | n/a |
| Shanghai Shibei Hi-Tech 600604.SS | China | $960M | -13% | -26% | 4% | 8.6× | 15.1% | -1.7% |
| Phoenix Silicon International 8028.TW | Taiwan | $991M | -26% | +24% | 24% | 7.4× | n/a | n/a |
| Noritake Co.,Limited 5331.T | Japan | $991M | -19% | +9% | 9% | 1.2× | n/a | n/a |
| Zhejiang Taitan 003036.SZ | China | $953M | -10% | +14% | 2% | 3.9× | n/a | n/a |
| Taesung 323280.KS | South Korea | $999M | -44% | +67% | 3% | 19.1× | n/a | n/a |
| Sichuan Zigong Conveying Machine 001288.SZ | China | $999M | +1% | -20% | 3% | 5.4× | n/a | n/a |
| SUSS MicroTec SMHN.DE | Germany | $948M | -53% | -15% | 9% | 1.8× | 24.2% | +14.8% |
| Zhejiang Jinggong Integration Technology 002006.SZ | China | $946M | -31% | -12% | 5% | 3.7× | 28.8% | +9.6% |
| Jiangyin Hengrun Heavy Industries 603985.SS | China | $942M | -45% | -20% | 9% | 2.6× | n/a | n/a |
| Shanghai Seer Intelligent Technology 6106.HK | Hong Kong | $940M | n/a | +30% | -12% | 13.3× | n/a | n/a |
| Est Tools 300488.SZ | China | $1.01B | +17% | +15% | 29% | 7.5× | 15.3% | +13.1% |
| Shenzhen Dobot 2432.HK | Hong Kong | $937M | -50% | +67% | -33% | 6.8× | n/a | n/a |
| Lindab International LIAB.ST | Sweden | $1.01B | -10% | -3% | 7% | 1.1× | 4.2% | +9.4% |
| Unimech Aerospace & Manufacturing UNIMECH.NS | India | $937M | +63% | +40% | 27% | 25.4× | n/a | n/a |