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Chinese industrial/materials group; specific product line not confidently known.
Chinese industrial/materials group; specific product line not confidently known.
Moat: none
Headquarters: Yangzhou, China · Employees: 2,283
Size Yangzhou Tinfulong (603406.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $1.53B, the 1609th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.51 on 6 Nov 2026.
Performance Over six months the shares fell 24.6%, against -6.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median +4.5%); the operating margin is 11.6% (peer median 9.6%).
Valuation It trades at 2.4× enterprise value to sales against a peer median of 2.8× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.6 points above its cost of capital (7.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.49B | CN¥3.48B | CN¥3.83B | CN¥3.34B | CN¥2.58B |
| Revenue growth | — | -9% | +15% | +30% | — |
| Gross profit | CN¥750M | CN¥588M | CN¥597M | CN¥592M | CN¥469M |
| EBITDA | n/a | CN¥523M | CN¥532M | CN¥489M | CN¥389M |
| Net income | CN¥482M | CN¥442M | CN¥454M | CN¥431M | CN¥358M |
| Free cash flow | CN¥284M | CN¥492M | CN¥194M | CN¥91.5M | -CN¥59.4M |
| Capital expenditure | CN¥262M | CN¥172M | CN¥109M | CN¥179M | CN¥393M |
| Total debt | CN¥858,350 | CN¥85.4M | CN¥80.5M | CN¥98.8M | CN¥296M |
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.
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 | 603406.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.7% | -4.3% | 8th lowest of 21 |
| 6-month return | -24.6% | -6.0% | 3rd lowest of 21 |
| Distance from 52-week high | -47.3% | -35.5% | 5th lowest of 21 |
| Revenue growth (TTM) | -3.6% | +4.5% | 4th lowest of 21 |
| Operating margin | 11.6% | 9.6% | 8th highest of 21 |
| EV / Sales | 2.4× | 2.8× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | 6.8% | 9th most demanding of 18 |
| Growth delivered (Del g) | +10.6% | +7.3% | 9th highest of 18 |
| Hurdle (Req g minus delivered) | -3.1 pp | -6.6 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | +5.6 pp | +1.1 pp | 7th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yangzhou Tinfulong 603406.SS | China | $1.53B | -25% | -4% | 12% | 2.4× | 7.5% | +10.6% |
| Moltiply MOL.MI | Italy | $1.53B | +6% | +32% | 15% | 2.4× | 10.8% | +21.0% |
| AEM AWX.SI | Singapore | $1.55B | -18% | +15% | 11% | 4.2× | 15.4% | -5.1% |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 0.8× | -2.2% | +6.3% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | 15.3× | n/a | n/a |
| Offcn Education Technology 002607.SZ | China | $1.56B | -36% | -2% | 13% | 5.6× | 17.7% | -27.6% |
| Clarivate CLVT | United States | $1.50B | -16% | -9% | 8% | 2.4× | 13.4% | +14.4% |
| MEITEC 9744.T | Japan | $1.57B | +3% | +2% | 14% | 1.4× | -4.6% | +7.3% |
| Shanghai Foreign Service 600662.SS | China | $1.49B | -14% | +1% | 2% | 0.1× | -20.6% | +1.9% |
| Shenzhen Ampron Technology 301413.SZ | China | $1.48B | -7% | +11% | 2% | 7.8× | n/a | n/a |
| Taiwan Secom 9917.TW | Taiwan | $1.47B | -8% | +3% | 16% | 2.7× | -2.3% | +6.7% |
| Shanghai Medicilon 688202.SS | China | $1.47B | +18% | +42% | -2% | 6.3× | n/a | n/a |
| eClerx Services ECLERX.NS | India | $1.59B | 0% | +22% | 20% | 3.2× | 17.2% | +21.4% |
| Suzhou Recodeal Interconnect System 688800.SS | China | $1.47B | -55% | +5% | 9% | 3.0× | 26.1% | +38.9% |
| PharmaBlock Sciences (Nanjing) 300725.SZ | China | $1.61B | +16% | +11% | 11% | 4.3× | 27.8% | +14.1% |
| Healthcare Services HCSG | United States | $1.64B | +5% | +4% | 6% | 0.8× | 3.4% | +0.9% |
| ICF International ICFI | United States | $1.43B | +14% | -8% | 8% | 1.0× | -2.2% | +4.4% |
| Derichebourg DBG.PA | France | $1.42B | -24% | -3% | 5% | 0.6× | 6.8% | +6.3% |
| Kruk KRU.WA | Poland | $1.65B | -22% | +8% | 77% | 5.2× | -2.1% | +16.8% |
| China National Electric Apparatus Research Institute 688128.SS | China | $1.42B | -12% | +8% | 11% | 1.7× | 4.0% | +13.5% |
| Siglent Technologies 688112.SS | China | $1.41B | -5% | +30% | 24% | 11.0× | 31.3% | +22.0% |