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Maker of precision motion-control motors (stepper, servo, brushless) for automation, medical and robotics equipment.
Maker of precision motion-control motors (stepper, servo, brushless) for automation, medical and robotics equipment.
Sells motors and drives to equipment makers who design them into products such as lab analysis instruments, 3D printers and robots, and then reorders for as long as the product is made. A large share of sales is made outside China, and the company has bought overseas motor makers to broaden what it sells.
In one line: A Chinese Nidec/AMETEK (motion control).
Moat: narrow (process know-how, distribution, customer qualification). Long-standing OEM design-in relationships across automation and medical equipment sustain repeat orders.
Headquarters: Shanghai, China · Founded: 1994 · Employees: 3,906
Size Shanghai Moons Electrical (603728.SS) is a China Industrials company (Electrical Products) with a market value of $3.66B, the 705th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥58.84 on 6 Nov 2026.
Performance Over six months the shares fell 0.9%, against -22.6% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 18 in its peer set.
Growth Revenue grew 21.7% over the last twelve months (peer median +29.1%); the operating margin is 3.7% (peer median 9.6%).
Valuation It trades at 183.9× forward earnings against a peer median of 21.7× (most expensive of 18).
Capital Return on invested capital runs 6.0 points below its cost of capital (11.6% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.20B | CN¥2.75B | CN¥2.41B | CN¥2.53B | CN¥2.94B |
| Revenue growth | — | +14% | -5% | -14% | — |
| Gross profit | CN¥1.27B | CN¥940M | CN¥850M | CN¥877M | CN¥1.07B |
| EBITDA | n/a | CN¥183M | CN¥164M | CN¥237M | CN¥339M |
| Net income | CN¥111M | CN¥61.1M | CN¥77.9M | CN¥140M | CN¥247M |
| Free cash flow | -CN¥81.5M | -CN¥109M | -CN¥63.0M | CN¥9.63M | -CN¥191M |
| Capital expenditure | CN¥317M | CN¥317M | CN¥298M | CN¥195M | CN¥200M |
| Total debt | CN¥804M | CN¥574M | CN¥448M | CN¥264M | CN¥414M |
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 |
|---|---|---|---|---|---|---|
| Shanghai Moons Electrical 603728.SS | $3.66B | -1% | +22% | 4% | 183.9× | n/a |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
| Ametek AME | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% |
| Shenzhen Leadshine Technology 002979.SZ | $2.36B | +14% | +44% | 13% | 40.6× | n/a |
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 | 603728.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +21.1% | -11.3% | 3rd highest of 21 |
| 6-month return | -0.9% | -22.6% | 4th highest of 18 |
| Distance from 52-week high | -24.5% | -42.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +21.7% | +29.1% | 9th lowest of 20 |
| Operating margin | 3.7% | 9.6% | 3rd lowest of 21 |
| Forward P/E | 183.9× | 21.7× | most expensive of 18 |
| ROIC minus cost of capital | -6.0 pp | +0.5 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Moons Electrical 603728.SS | China | $3.66B | -1% | +22% | 4% | 183.9× | n/a | n/a |
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | China | $3.67B | +22% | +16% | 6% | 76.8× | n/a | n/a |
| Dajin Heavy Industry 002487.SZ | China | $3.71B | -60% | -2% | 19% | 19.6× | n/a | n/a |
| Hainan Jinpan Smart Technology 688676.SS | China | $3.75B | -38% | +12% | 10% | 29.4× | 28.5% | +24.7% |
| CALB 3931.HK | Hong Kong | $3.57B | -59% | +80% | 7% | 8.1× | n/a | n/a |
| LS 006260.KS | South Korea | $3.51B | -62% | +30% | 4% | 8.0× | n/a | n/a |
| Sany Renewable Energy 688349.SS | China | $3.50B | -22% | +30% | 2% | 21.7× | n/a | n/a |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| Dhoot Transmission DHOOTTRANS.NS | India | $3.46B | n/a | +31% | 13% | 52.6× | n/a | n/a |
| Luoyang Bearing 301699.SZ | China | $3.45B | n/a | +29% | 11% | n/a | n/a | n/a |
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| Taiyo 4626.T | Japan | $3.36B | -5% | +18% | 25% | 17.0× | 5.0% | +11.2% |
| T&S Communications 300570.SZ | China | $3.36B | -25% | +40% | 18% | 47.3× | 43.8% | +21.8% |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| Harbin Electric 1133.HK | Hong Kong | $3.27B | -54% | +13% | 7% | 6.2× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |