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Employees: 3,938
Size Guangzhou Baiyun Electric Equipment (603861.SS) is a China Industrials company (Electrical Products) with a market value of $831M, the 2673rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.35 on 6 Nov 2026.
Performance Over six months the shares fell 35.0%, against -35.7% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +14.4%); the operating margin is 4.4% (peer median 7.6%).
Valuation It trades at 25.2× forward earnings against a peer median of 16.8× (4th most expensive of 11).
Capital Return on invested capital runs 2.6 points below its cost of capital (5.7% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.17B | CN¥4.89B | CN¥4.94B | CN¥4.30B | CN¥3.44B |
| Revenue growth | — | -1% | +15% | +25% | — |
| Gross profit | CN¥983M | CN¥867M | CN¥832M | CN¥708M | CN¥516M |
| EBITDA | n/a | CN¥350M | CN¥327M | CN¥231M | CN¥148M |
| Net income | CN¥208M | CN¥204M | CN¥196M | CN¥110M | CN¥35.7M |
| Free cash flow | -CN¥111M | -CN¥270M | -CN¥115M | -CN¥244M | CN¥554M |
| Capital expenditure | CN¥78.3M | CN¥76.8M | CN¥245M | CN¥225M | CN¥193M |
| Total debt | CN¥3.94B | CN¥3.10B | CN¥3.00B | CN¥3.02B | CN¥3.72B |
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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 | 603861.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -13.2% | 6th highest of 21 |
| 6-month return | -35.0% | -35.7% | 10th highest of 20 |
| Distance from 52-week high | -54.3% | -47.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +6.3% | +14.4% | 6th lowest of 21 |
| Operating margin | 4.4% | 7.6% | 7th lowest of 21 |
| Forward P/E | 25.2× | 16.8× | 4th most expensive of 11 |
| ROIC minus cost of capital | -2.6 pp | +1.8 pp | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangzhou Baiyun Electric Equipment 603861.SS | China | $831M | -35% | +6% | 4% | 25.2× | n/a | n/a |
| Daejoo Electronic Materials 078600.KS | South Korea | $835M | -53% | +42% | 8% | 44.6× | n/a | n/a |
| Kanohar Electricals KANOHAR.NS | India | $835M | n/a | +45% | 27% | n/a | 21.3% | +29.1% |
| Jiangsu New Vision Automotive Electronics 2632.HK | Hong Kong | $820M | -50% | +15% | -5% | n/a | n/a | n/a |
| KBC 688598.SS | China | $842M | +9% | +47% | -114% | n/a | n/a | n/a |
| Shijiazhuang Kelin Electric 603050.SS | China | $844M | -36% | -11% | 2% | n/a | 23.2% | +20.2% |
| Esab India ESABINDIA.NS | India | $816M | -29% | +13% | 17% | n/a | 18.3% | +17.2% |
| LS Eco Energy 229640.KS | South Korea | $848M | -56% | +31% | 7% | 21.7× | 5.4% | +10.6% |
| Tellhow Sci-Tech 600590.SS | China | $852M | -56% | -11% | 5% | 16.0× | n/a | n/a |
| Longwell 6290.TWO | Taiwan | $854M | -43% | +13% | 15% | 15.1× | 13.7% | +9.0% |
| Taiwan Puritic 6826.TWO | Taiwan | $807M | -43% | +14% | 16% | n/a | -14.4% | +23.9% |
| Zhejiang Grandwall Electric Science & Technology 603897.SS | China | $803M | -50% | +15% | 3% | n/a | n/a | n/a |
| Xinya Electronic 605277.SS | China | $794M | -28% | +12% | 7% | n/a | 7.9% | +31.5% |
| Honbridge 8137.HK | Hong Kong | $792M | 0% | +295% | -12% | n/a | n/a | n/a |
| Dalian Insulator 002606.SZ | China | $788M | -17% | +36% | 22% | 15.7× | -4.8% | +15.5% |
| Jinlei Technology 300443.SZ | China | $876M | -40% | -14% | 13% | 17.6× | 5.6% | +11.1% |
| Hangzhou Weiguang Electronic 002801.SZ | China | $884M | -21% | +11% | 17% | 13.4× | 6.6% | +13.1% |
| Shanghai Zhongchen Electronic Technology 603275.SS | China | $778M | -26% | +21% | 14% | 26.0× | n/a | n/a |
| Precision Wires India PRECWIRE.NS | India | $776M | -1% | +46% | 5% | 41.8× | n/a | n/a |
| Beijing Jingwei Hirain Technologies 688326.SS | China | $896M | -40% | +2% | -5% | n/a | n/a | n/a |
| R&S Group Holding AG Pref RSGN.SW | Switzerland | $899M | -22% | +2% | 18% | 14.6× | -7.0% | +2.3% |