Who are Aima Technology's main competitors?

Named competitors: Yadea Group (1585.HK), Segway-Ninebot (private or unlisted), NIU Technologies (private or unlisted). The cockpit's measured peer set (industry) also includes Force Motors (FORCEMOT.NS), Beiqi Foton Motor (600166.SS), Trigano (TRI.PA), Thule (THULE.ST), Mitsubishi Motor (7211.T), China Railway Materials (000927.SZ).

Is Aima Technology expensive compared with its peers?

On forward p/e it trades at 12.7× against a peer median of 11.9×, 7th most expensive of 15 in its peer set.

How has Aima Technology stock performed?

Over six months to 6 Nov 2026 the shares returned -10.6% against -14.8% for the median peer; over one year -35.8%.

← CockpitCompetitor Analysis › 603529.SS Aima Technology Group Co. Ltd. Class AOpen in the cockpit ↗

Aima Technology Group Co. Ltd. Class A603529.SSCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Motor Vehicles

Chinese maker of electric bicycles and scooters, one of the largest e-two-wheeler brands in China.

≈ A China-based e-bike brand, like a scaled-up Rad Power BikesMomentum strong 63

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$2.67B

US dollars, full cap

Free float

25%

of shares outstanding

$/day

$23.8M

20-day average traded

Fwd P/E

12.7×

forward earnings

ROIC−WACC

+6.5 pp

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

157 days

12 Apr 2027

Close · CNYCN¥20.92

1D-1.1%

1W+6.8%

1M-8.6%

3M-5.5%

6M-10.6%

YTD-29.6%

1Y-35.8%

ATR %3.4%

52w lowhigh38.7% off high

What Aima Technology does

Chinese maker of electric bicycles and scooters, one of the largest e-two-wheeler brands in China.

Sells scooters and e-bikes to consumers through a network of franchised dealers, with a smaller flow to delivery and ride-hailing fleets, so income follows unit volume and model mix. China's 2019 national safety standard pushed riders to swap older bikes and drove a replacement cycle.

In one line: A China-based e-bike brand, like a scaled-up Rad Power Bikes.

Products and services

Electric bicycles
Electric scooters

Customers

Retail consumers
Delivery/ride operators

Where it sits in the supply chain

Personal mobility
Electric two-wheelers
E-bikes, e-scooters

What could go right

China e-two-wheeler replacement and export demand

What could go wrong

Battery/raw material costs
Local safety-regulation changes

Moat: narrow (brand, scale, distribution). Leading national e-bike brand with dense dealer/retail network.

Headquarters: Tianjin, China · Employees: 8,903

Named competitors

Yadea Group 1585.HK
Segway-Ninebot private or unlisted
NIU Technologies private or unlisted

Aima Technology at a glance

Size Aima Technology (603529.SS) is a China Consumer Discretionary company (Motor Vehicles) with a market value of $2.67B, the 967th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.92 on 6 Nov 2026.

Performance Over six months the shares fell 10.6%, against -14.8% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue fell 11.3% over the last twelve months (peer median +10.2%); the operating margin is 4.8% (peer median 2.7%).

Valuation It trades at 12.7× forward earnings against a peer median of 11.9× (7th most expensive of 15).

Capital Return on invested capital runs 6.5 points above its cost of capital (5.0% WACC).

Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Aima Technology against the median of its 20 peers (local-currency closes).

Aima Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥22.4B	CN¥25.0B	CN¥21.6B	CN¥21.0B	CN¥20.7B
Revenue growth	—	+16%	+3%	+1%	—
Gross profit	CN¥3.99B	CN¥4.13B	CN¥3.52B	CN¥3.23B	CN¥3.20B
EBITDA	n/a	CN¥2.70B	CN¥2.31B	CN¥2.07B	CN¥2.08B
Net income	CN¥1.23B	CN¥2.03B	CN¥1.99B	CN¥1.88B	CN¥1.87B
Free cash flow	-CN¥1.64B	CN¥1.37B	-CN¥15.7M	CN¥305M	CN¥4.23B
Capital expenditure	CN¥2.16B	CN¥2.72B	CN¥3.39B	CN¥1.96B	CN¥842M
Total debt	CN¥8.99B	CN¥9.73B	CN¥8.24B	CN¥7.82B	CN¥7.56B

Quarterly statements and history in the cockpit →

Aima Technology 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

Up and to the right = strong over both horizons. Aima Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aima Technology is the large dot.

Aima Technology competitors and peer comparison

Head to head with its named competitors (603529.SS vs 1585.HK)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Aima Technology 603529.SS	$2.67B	-11%	-11%	5%	12.7×	n/a
Yadea 1585.HK	$3.36B	-28%	+13%	7%	8.9×	-11.2%

How Aima Technology 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.

Aima Technology against its 20 peers (data as of 6 Nov 2026)
Measure	603529.SS	Peer median	Rank in peer set
1-month return	-8.6%	-1.3%	6th lowest of 21
6-month return	-10.6%	-14.8%	9th highest of 21
Distance from 52-week high	-38.7%	-29.9%	6th lowest of 21
Revenue growth (TTM)	-11.3%	+10.2%	4th lowest of 21
Operating margin	4.8%	2.7%	9th highest of 21
Forward P/E	12.7×	11.9×	7th most expensive of 15
ROIC minus cost of capital	+6.5 pp	-0.5 pp	5th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Aima Technology 603529.SS	China	$2.67B	-11%	-11%	5%	12.7×	n/a	n/a
Force Motors FORCEMOT.NS	India	$2.64B	-8%	+16%	12%	n/a	25.2%	+35.4%
Beiqi Foton Motor 600166.SS	China	$2.88B	-31%	+13%	1%	10.1×	-1.2%	+1.3%
Trigano TRI.PA	France	$2.93B	-16%	+2%	9%	9.4×	-6.0%	+10.9%
Thule THULE.ST	Sweden	$2.39B	-6%	+2%	17%	18.3×	9.3%	+5.9%
Mitsubishi Motor 7211.T	Japan	$3.21B	+13%	+5%	3%	17.9×	n/a	n/a
China Railway Materials 000927.SZ	China	$2.20B	-14%	+1%	2%	n/a	6.3%	-5.0%
Yadea 1585.HK	Hong Kong	$3.36B	-28%	+13%	7%	8.9×	-11.2%	+13.0%
Harley-Davidson HOG	United States	$3.40B	+28%	-15%	-4%	18.6×	0.4%	+2.0%
Minth 0425.HK	Hong Kong	$3.45B	-37%	+14%	11%	7.5×	2.7%	+14.8%
Sinotruk Jinan Truck 000951.SZ	China	$3.46B	-10%	+36%	4%	11.2×	-5.8%	-0.8%
Volvo Car VOLCAR-B.ST	Sweden	$3.63B	-45%	-17%	0%	n/a	n/a	n/a
Zhejiang Taotao Vehicles 301345.SZ	China	$1.91B	-54%	+53%	25%	11.9×	2.2%	+23.3%
Blue Bird BLBD	United States	$1.82B	-18%	+13%	12%	12.8×	3.7%	+11.0%
Ola Electric Mobility OLAELEC.NS	India	$1.81B	-3%	-49%	-83%	n/a	n/a	n/a
BAIC BluePark New Energy Technology 600733.SS	China	$4.02B	-41%	+54%	-19%	n/a	n/a	n/a
FAW Jiefang 000800.SZ	China	$4.11B	-17%	+22%	-1%	29.5×	n/a	n/a
Jiangling Motors 000550.SZ	China	$1.70B	-12%	+7%	1%	11.9×	n/a	n/a
Xuzhou Handler Special Vehicle 300201.SZ	China	$1.64B	-9%	+18%	22%	22.5×	22.0%	-3.3%
Mazda Motor 7261.T	Japan	$4.52B	+12%	+4%	3%	6.9×	-14.8%	+11.3%
Dongfeng Automobile 600006.SS	China	$1.53B	-24%	-5%	-13%	n/a	n/a	n/a

Questions

Who are Aima Technology's main competitors?: Named competitors: Yadea Group (1585.HK), Segway-Ninebot (private or unlisted), NIU Technologies (private or unlisted). The cockpit's measured peer set (industry) also includes Force Motors (FORCEMOT.NS), Beiqi Foton Motor (600166.SS), Trigano (TRI.PA), Thule (THULE.ST), Mitsubishi Motor (7211.T), China Railway Materials (000927.SZ).
Is Aima Technology expensive compared with its peers?: On forward p/e it trades at 12.7× against a peer median of 11.9×, 7th most expensive of 15 in its peer set.
How has Aima Technology stock performed?: Over six months to 6 Nov 2026 the shares returned -10.6% against -14.8% for the median peer; over one year -35.8%.