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One of China's largest bearing manufacturers, supplying rolling bearings to automotive and industrial customers.
One of China's largest bearing manufacturers, supplying rolling bearings to automotive and industrial customers.
In one line: A Chinese Timken/NSK for rolling bearings.
Moat: narrow (scale, process know-how). Large-scale precision bearing manufacturing with decades of process experience.
Headquarters: Xinchang, Zhejiang, China · Founded: 1966 · Employees: 5,048
Size Zhejiang XCC (603667.SS) is a China Industrials company (Metal Fabrication) with a market value of $2.99B, the 861st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥53.22 on 6 Nov 2026.
Performance Over six months the shares fell 19.8%, against -11.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 19 in its peer set.
Growth Revenue fell 15.1% over the last twelve months (peer median +20.9%); the operating margin is 2.3% (peer median 9.6%).
Valuation It trades at 91.0× forward earnings against a peer median of 27.7× (4th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 48% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +34 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 6.3 points below its cost of capital (9.6% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.93B | CN¥3.34B | CN¥3.26B | CN¥3.10B | CN¥3.19B |
| Revenue growth | — | +2% | +5% | -3% | — |
| Gross profit | CN¥688M | CN¥547M | CN¥483M | CN¥491M | CN¥517M |
| EBITDA | n/a | CN¥303M | CN¥284M | CN¥319M | CN¥289M |
| Net income | CN¥976M | CN¥91.4M | CN¥91.4M | CN¥138M | CN¥148M |
| Free cash flow | CN¥25.7M | CN¥37.1M | CN¥69.9M | CN¥113M | -CN¥19.4M |
| Capital expenditure | CN¥195M | CN¥203M | CN¥128M | CN¥173M | CN¥193M |
| Total debt | CN¥946M | CN¥1.14B | CN¥1.40B | CN¥1.09B | CN¥1.36B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang XCC 603667.SS | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% |
| Timken TKR | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% |
| NSK 6471.T | $2.87B | -27% | +26% | 5% | 12.9× | 1.9% |
| Ntn 6472.T | $1.23B | -15% | +3% | 4% | 13.4× | -2.1% |
| Zhejiang Shuanghuan Driveline 002472.SZ | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% |
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 | 603667.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.2% | -6.1% | 2nd highest of 20 |
| 6-month return | -19.8% | -11.7% | 8th lowest of 19 |
| Distance from 52-week high | -45.0% | -44.5% | 9th lowest of 20 |
| Revenue growth (TTM) | -15.1% | +20.9% | lowest of 21 |
| Operating margin | 2.3% | 9.6% | 2nd lowest of 21 |
| Forward P/E | 91.0× | 27.7× | 4th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 47.9% | 13.8% | most demanding of 8 |
| Growth delivered (Del g) | +13.9% | +13.0% | 4th highest of 8 |
| Hurdle (Req g minus delivered) | +34.0 pp | +0.3 pp | most demanding of 8 |
| ROIC minus cost of capital | -6.3 pp | +0.3 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Zetwerk Manufacturing Businesses ZETWERK.NS | India | $2.96B | n/a | +40% | 1% | n/a | n/a | n/a |
| Avic Heavy Machinery 600765.SS | China | $2.84B | -23% | -13% | 4% | 23.1× | n/a | n/a |
| Tolerance Technology (Jiangsu) 301583.SZ | China | $2.82B | n/a | +18% | 15% | n/a | n/a | n/a |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Jyoti Cnc Automation JYOTICNC.NS | India | $2.45B | +32% | +18% | 21% | 53.8× | n/a | n/a |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| Bossard BOSN.SW | Switzerland | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% | +5.6% |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| Maruichi Steel Tube 5463.T | Japan | $2.32B | +5% | -2% | 14% | 11.9× | -2.7% | +8.6% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% | +14.1% |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 11.8× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 22.8× | 13.8% | +13.0% |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| JL Mag Rare-Earth 300748.SZ | China | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% | +26.1% |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 13.4× | n/a | n/a |