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Chinese maker of linear actuators used in electric height-adjustable desks, beds and ergonomic furniture, a leading global supplier.
Chinese maker of linear actuators used in electric height-adjustable desks, beds and ergonomic furniture, a leading global supplier.
Sells motorised actuators and control boxes to furniture brands that put their own labels on desks and beds, with a large share of sales going overseas. Winning a place in a customer's furniture design leads to repeat orders.
Moat: narrow (scale, customer qualification). Scale manufacturing and long OEM qualification relationships with global furniture brands.
Headquarters: Taizhou, China · Founded: 2004 · Employees: 5,043
Size Zhejiang Jiecang Linear Motion Technology (603583.SS) is a China Industrials company (Industrial Machinery) with a market value of $1.60B, the 1539th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.85 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -16.3% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +13.1%); the operating margin is 8.5% (peer median 12.1%).
Valuation It trades at 26.0× forward earnings against a peer median of 19.7× (9th most expensive of 19).
Capital Return on invested capital runs 2.2 points above its cost of capital (7.2% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.33B | CN¥4.02B | CN¥3.64B | CN¥3.02B | CN¥3.00B |
| Revenue growth | — | +10% | +20% | +1% | — |
| Gross profit | CN¥1.31B | CN¥1.05B | CN¥976M | CN¥779M | CN¥715M |
| EBITDA | n/a | CN¥657M | CN¥596M | CN¥460M | CN¥406M |
| Net income | CN¥335M | CN¥397M | CN¥282M | CN¥206M | CN¥328M |
| Free cash flow | -CN¥35.9M | CN¥66.7M | CN¥43.4M | CN¥409M | -CN¥91.8M |
| Capital expenditure | CN¥482M | CN¥496M | CN¥549M | CN¥270M | CN¥412M |
| Total debt | CN¥1.53B | CN¥1.23B | CN¥1.15B | CN¥1.75B | CN¥2.10B |
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| Measure | 603583.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | -11.9% | 2nd highest of 21 |
| 6-month return | -3.6% | -16.3% | 6th highest of 21 |
| Distance from 52-week high | -30.7% | -46.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +5.2% | +13.1% | 8th lowest of 21 |
| Operating margin | 8.5% | 12.1% | 8th lowest of 21 |
| Forward P/E | 26.0× | 19.7× | 9th most expensive of 19 |
| ROIC minus cost of capital | +2.2 pp | -0.9 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |
| Helios Technologies HLIO | United States | $1.56B | -30% | +14% | 13% | 14.6× | 11.2% | +9.9% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 20.0× | 12.8% | +15.6% |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 71.0× | n/a | n/a |
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 19.3× | 5.3% | +9.1% |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 42.5× | 45.8% | +25.4% |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 14.4× | 6.1% | +11.5% |
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% | +8.1% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 19.3× | 16.3% | +5.2% |