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Chengdu maker of car-transmission parts, led by synchronizer rings, gear sleeves and hubs for passenger-car gearboxes.
Chengdu maker of car-transmission parts, led by synchronizer rings, gear sleeves and hubs for passenger-car gearboxes.
Makes synchronizer parts, the rings and sleeves that let gears mesh smoothly in a gearbox, and sells them to gearbox makers including Magna and Volkswagen's transmission unit, so volumes follow passenger-car output. Pure electric cars need fewer such parts, which is the long-term risk.
Moat: narrow (customer qualification, process know-how). Long qualification cycles with gearbox makers and a leading domestic synchronizer position; EVs need fewer gearbox parts.
Headquarters: Chengdu, China · Employees: 3,386
Size Chengdu Haoneng Technology (603809.SS) is a China Industrials company (Wholesale Distributors) with a market value of $1.16B, the 2027th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.53 on 6 Nov 2026.
Performance Over six months the shares fell 22.7%, against -10.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +10.7%); the operating margin is 10.5% (peer median 8.1%).
Valuation It trades at 20.5× forward earnings against a peer median of 18.6× (5th most expensive of 13).
Capital Return on invested capital runs 1.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.02B | CN¥2.68B | CN¥2.35B | CN¥1.94B | CN¥1.46B |
| Revenue growth | — | +14% | +22% | +32% | — |
| Gross profit | CN¥1.08B | CN¥761M | CN¥741M | CN¥545M | CN¥457M |
| EBITDA | n/a | CN¥782M | CN¥738M | CN¥550M | CN¥462M |
| Net income | CN¥241M | CN¥277M | CN¥322M | CN¥182M | CN¥211M |
| Free cash flow | -CN¥883M | -CN¥699M | -CN¥103M | -CN¥304M | -CN¥244M |
| Capital expenditure | CN¥1.14B | CN¥1.01B | CN¥715M | CN¥626M | CN¥525M |
| Total debt | CN¥4.57B | CN¥2.49B | CN¥2.41B | CN¥2.28B | CN¥1.86B |
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 |
|---|---|---|---|---|---|---|
| Chengdu Haoneng Technology 603809.SS | $1.16B | -23% | +18% | 10% | 20.5× | n/a |
| Zhejiang Shuanghuan Driveline 002472.SZ | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% |
| Tianjin Pengling 300375.SZ | $439M | -20% | +7% | 2% | n/a | 21.7% |
| Zhejiang Zomax Transmission 603767.SS | $711M | -20% | +3% | 1% | n/a | 23.6% |
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 | 603809.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.3% | -6.6% | 2nd highest of 21 |
| 6-month return | -22.7% | -10.4% | 9th lowest of 21 |
| Distance from 52-week high | -45.0% | -33.7% | 9th lowest of 21 |
| Revenue growth (TTM) | +17.7% | +10.7% | 8th highest of 20 |
| Operating margin | 10.5% | 8.1% | 9th highest of 20 |
| Forward P/E | 20.5× | 18.6× | 5th most expensive of 13 |
| ROIC minus cost of capital | +1.4 pp | +1.9 pp | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chengdu Haoneng Technology 603809.SS | China | $1.16B | -23% | +18% | 10% | 20.5× | n/a | n/a |
| Techstorm Advanced Material 601026.SS | China | $1.16B | -33% | +8% | 6% | n/a | n/a | n/a |
| Imdex IMD.AX | Australia | $1.15B | -21% | +21% | 16% | 24.5× | 20.1% | +14.5% |
| Daiichikosho 7458.T | Japan | $1.13B | +6% | +4% | 11% | 13.0× | -6.0% | +11.8% |
| Innovation Medical Management 002173.SZ | China | $1.12B | -29% | -13% | -18% | n/a | n/a | n/a |
| Redox RDX.AX | Australia | $1.22B | +2% | +7% | 11% | 17.5× | -7.8% | +10.8% |
| Brighton-Best International (Taiwan) 8415.TWO | Taiwan | $1.11B | +5% | +11% | 20% | 7.8× | -8.8% | +8.8% |
| Dongguan Aohai Technology 002993.SZ | China | $1.10B | -44% | +122% | 1% | 19.6× | n/a | n/a |
| Gansu Guofang Industry & Trade (Group) 601086.SS | China | $1.27B | +42% | +17% | 7% | n/a | 33.6% | -4.8% |
| BayWa BYW.DE | Germany | $1.07B | -58% | n/a | n/a | n/a | n/a | n/a |
| Supply Network SNL.AX | Australia | $1.06B | +12% | +16% | 17% | 26.9× | 11.7% | +19.9% |
| Zhejiang Songyuan Automotive Safety Systems 300893.SZ | China | $1.06B | -34% | +27% | 12% | 20.1× | n/a | n/a |
| Beijing Geekplus Technology 2590.HK | Hong Kong | $1.05B | -67% | +33% | 0% | 478.1× | n/a | n/a |
| China Agricultural Development Seed 600313.SS | China | $1.04B | -16% | +35% | 1% | n/a | 21.8% | +12.7% |
| Inabata & 8098.T | Japan | $1.31B | +6% | +5% | 3% | n/a | -7.8% | +7.6% |
| Taikisha 1979.T | Japan | $1.32B | -5% | -1% | 8% | 10.6× | -13.3% | +7.2% |
| Shanghai Luoman Technologies 605289.SS | China | $1.35B | -45% | +170% | 13% | 49.9× | 36.2% | +25.7% |
| Totech 9960.T | Japan | $1.00B | 0% | +6% | 10% | 10.7× | 5.4% | +9.2% |
| Deep Source 0990.HK | Hong Kong | $1.00B | -31% | +7% | 2% | n/a | -13.6% | +6.1% |
| Hour Glass AGS.SI | Singapore | $1.38B | +10% | +18% | 15% | 10.4× | -8.7% | +12.5% |
| Yamazen 8051.T | Japan | $978M | +13% | +7% | 2% | n/a | -6.3% | +4.5% |