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Suzhou maker of power-tool switches, controllers and brushless motors for global power-tool and consumer-electronics brands.
Suzhou maker of power-tool switches, controllers and brushless motors for global power-tool and consumer-electronics brands.
Makes switches and controllers that sit inside cordless and corded power tools, selling to tool brands that mostly sell outside China, so output tracks the global power-tool cycle. It has moved up from switches into controllers, brushless motors and structural parts, and listed on the Shanghai main board in 2025.
Moat: narrow (customer qualification, process know-how). Qualified component supplier to power-tool brands; products are small parts with price pressure.
Headquarters: Suzhou, China · Founded: 2001 · Employees: 1,586
Size Suzhou Huazhijie Telecom (603400.SS) is a China Industrials company (Electrical Products) with a market value of $675M, the 3154th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥34.65 on 6 Nov 2026.
Performance Over six months the shares fell 35.7%, against -30.3% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 13.9% over the last twelve months (peer median +18.6%); the operating margin is 8.3% (peer median 2.6%).
Valuation It trades at 18.7× forward earnings against a peer median of 19.4× (4th cheapest of 8).
Capital Return on invested capital runs 0.1 points below its cost of capital (9.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.45B | CN¥1.40B | CN¥1.23B | CN¥933M | CN¥1.01B |
| Revenue growth | — | +14% | +32% | -8% | — |
| Gross profit | CN¥325M | CN¥318M | CN¥312M | CN¥239M | CN¥210M |
| EBITDA | n/a | CN¥174M | CN¥160M | CN¥121M | CN¥96.2M |
| Net income | CN¥71.8M | CN¥124M | CN¥154M | CN¥121M | CN¥101M |
| Free cash flow | -CN¥52.5M | -CN¥31.3M | CN¥68.3M | CN¥84.2M | CN¥147M |
| Capital expenditure | CN¥110M | CN¥120M | CN¥30.3M | CN¥23.4M | CN¥36.2M |
| Total debt | CN¥481M | CN¥230M | CN¥193M | CN¥140M | CN¥149M |
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 |
|---|---|---|---|---|---|---|
| Suzhou Huazhijie Telecom 603400.SS | $675M | -36% | +14% | 8% | 18.7× | n/a |
| Johnson Electric 0179.HK | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% |
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 | 603400.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.4% | -12.4% | 3rd lowest of 21 |
| 6-month return | -35.7% | -30.3% | 6th lowest of 21 |
| Distance from 52-week high | -50.0% | -47.6% | 10th lowest of 21 |
| Revenue growth (TTM) | +13.9% | +18.6% | 10th lowest of 21 |
| Operating margin | 8.3% | 2.6% | 4th highest of 21 |
| Forward P/E | 18.7× | 19.4× | 4th cheapest of 8 |
| ROIC minus cost of capital | -0.1 pp | -4.1 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Huazhijie Telecom 603400.SS | China | $675M | -36% | +14% | 8% | 18.7× | n/a | n/a |
| VITZROCELL 082920.KS | South Korea | $675M | -64% | +21% | 28% | 11.5× | -7.9% | +16.5% |
| Huarui Electrical Appliance 300626.SZ | China | $678M | -6% | +7% | 5% | n/a | 45.1% | +2.5% |
| Guangdong Rifeng Electric 002953.SZ | China | $679M | -22% | +11% | 3% | n/a | 19.7% | +22.7% |
| Zhongfu Shenying Carbon Fiber 688295.SS | China | $680M | -45% | +22% | 2% | 160.8× | n/a | n/a |
| Henan Hengxing Science & Technology 002132.SZ | China | $681M | -29% | +3% | 1% | n/a | 10.0% | +12.7% |
| Guangdong Greenway Technology 688345.SS | China | $668M | -17% | +39% | 3% | 27.5× | n/a | n/a |
| Henan Senyuan Electric 002358.SZ | China | $684M | -32% | +2% | 8% | n/a | n/a | n/a |
| Allis Electric 1514.TW | Taiwan | $665M | -32% | +24% | 10% | 19.4× | 8.9% | +15.6% |
| ITM Power ITM.L | United Kingdom | $689M | -53% | +68% | -74% | n/a | n/a | n/a |
| Jiangsu Tongguang Electronic Wire and Cable 300265.SZ | China | $690M | -43% | -4% | -1% | n/a | 36.9% | +11.8% |
| ADS-TEC Energy Public ADSE | United States | $692M | -18% | -42% | -224% | 24.5× | n/a | n/a |
| Henan Carve Electronics Technology 301182.SZ | China | $657M | -34% | +32% | -17% | n/a | n/a | n/a |
| Jiangsu SINOJIT Wind Energy Technology 601218.SS | China | $657M | -30% | +28% | 8% | n/a | 0.3% | -7.2% |
| Tianjin Jingwei Huikai Optoelectronic 300120.SZ | China | $693M | +9% | +30% | -2% | n/a | 53.3% | -3.7% |
| Qingdao Tianneng Heavy Industries 300569.SZ | China | $698M | -25% | +5% | 8% | n/a | 4.5% | +3.1% |
| Hubei Wanrun New Energy Technology 688275.SS | China | $648M | -67% | +146% | 4% | 4.6× | n/a | n/a |
| Ta Ya Electric Wire & Cable 1609.TW | Taiwan | $709M | -9% | +17% | 12% | 11.0× | n/a | n/a |
| Shenzhen Minkave Technology 300506.SZ | China | $716M | -31% | -7% | -98% | n/a | n/a | n/a |
| Zhejiang Sunflower Great Health 300111.SZ | China | $635M | -15% | -20% | -10% | n/a | n/a | n/a |
| Zhejiang Founder Motor 002196.SZ | China | $634M | -35% | +26% | 0% | n/a | n/a | n/a |