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Suzhou-based maker of electronic components/equipment for industrial and consumer-electronics manufacturers.
Suzhou-based maker of electronic components/equipment for industrial and consumer-electronics manufacturers.
Moat: none
Headquarters: Suzhou, China · Employees: 6,743
Size Suzhou Chunqiu Electronic Technology (603890.SS) is a China Industrials company (Industrial Machinery) with a market value of $880M, the 2557th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.79 on 6 Nov 2026.
Performance Over six months the shares fell 37.5%, against -17.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 6.7% over the last twelve months (peer median +8.2%); the operating margin is 6.1% (peer median 5.9%).
Valuation It trades at 13.0× forward earnings against a peer median of 17.6× (4th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +1 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 1.3 points above its cost of capital (8.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.44B | CN¥4.38B | CN¥3.93B | CN¥3.23B | CN¥3.82B |
| Revenue growth | — | +11% | +22% | -15% | — |
| Gross profit | CN¥1.11B | CN¥813M | CN¥525M | CN¥441M | CN¥588M |
| EBITDA | n/a | CN¥702M | CN¥423M | CN¥360M | CN¥462M |
| Net income | CN¥110M | CN¥285M | CN¥211M | CN¥26.7M | CN¥157M |
| Free cash flow | CN¥245M | CN¥177M | CN¥65.5M | CN¥231M | -CN¥159M |
| Capital expenditure | CN¥200M | CN¥208M | CN¥363M | CN¥294M | CN¥502M |
| Total debt | CN¥1.08B | CN¥1.19B | CN¥1.48B | CN¥1.50B | CN¥1.15B |
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| Measure | 603890.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.7% | -6.1% | 4th lowest of 21 |
| 6-month return | -37.5% | -17.4% | 3rd lowest of 19 |
| Distance from 52-week high | -63.8% | -42.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +6.7% | +8.2% | 9th lowest of 21 |
| Operating margin | 6.1% | 5.9% | 10th highest of 21 |
| Forward P/E | 13.0× | 17.6× | 4th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 5.2% | 11.9% | 6th least demanding of 12 |
| Growth delivered (Del g) | +4.2% | +10.1% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | +1.1 pp | -2.7 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +1.3 pp | -5.3 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Chunqiu Electronic Technology 603890.SS | China | $880M | -38% | +7% | 6% | 13.0× | 5.2% | +4.2% |
| Shanghai Huitong Energy 600605.SS | China | $878M | -10% | +13% | 14% | n/a | 41.3% | +2.9% |
| Manitou BF MTU.PA | France | $882M | -6% | +8% | 6% | 8.6× | -3.6% | +10.1% |
| Jin Tong Ling Technology 300091.SZ | China | $882M | -36% | -40% | -72% | n/a | n/a | n/a |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | n/a | n/a | n/a |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 11.9× | -0.5% | +2.8% |
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 231.6× | n/a | n/a |
| KraussMaffei 600579.SS | China | $888M | -15% | -22% | 0% | n/a | n/a | n/a |
| Kale Environment Technology (Shanghai) 301070.SZ | China | $872M | -29% | -9% | 0% | n/a | n/a | n/a |
| Zhejiang Headman Machinery 688577.SS | China | $864M | -31% | +35% | 6% | 60.2× | n/a | n/a |
| Trican Well Service TCW.TO | Canada | $899M | -10% | +15% | 14% | 9.3× | -11.5% | +22.5% |
| Hangzhou Youngsun Intelligent Equipment 603901.SS | China | $858M | -17% | +11% | 6% | 20.0× | 11.9% | +14.7% |
| Sinoseal 300470.SZ | China | $903M | -18% | +1% | 20% | 14.9× | -0.7% | +13.9% |
| Banco Products (India) BANCOINDIA.NS | India | $905M | -7% | +22% | 14% | n/a | 24.8% | +20.6% |
| KEDE Numerical Control 688305.SS | China | $853M | -29% | -31% | 11% | 78.0× | n/a | n/a |
| Tianjin Benefo Tejing Electric 600468.SS | China | $852M | -28% | +16% | 0% | n/a | 38.3% | +0.2% |
| Towa 6315.T | Japan | $851M | -39% | +29% | 16% | 15.3× | 18.8% | +12.8% |
| SUFA Technology Industry Co., Ltd., CNNC 000777.SZ | China | $850M | -25% | -25% | 2% | 37.2× | n/a | n/a |
| Guangdong Vanward New Electric 002543.SZ | China | $849M | -17% | -12% | -3% | 20.1× | n/a | n/a |
| HMT HMT.NS | India | $849M | -15% | +9% | -82% | n/a | 61.3% | -6.9% |
| Guangdong LingXiao Pump Industry 002884.SZ | China | $848M | -16% | +8% | 25% | 13.2× | -5.6% | +3.7% |