Loading…
Hubei-based industrial company in the trucks/construction-machinery supply chain (specific products unconfirmed).
Hubei-based industrial company in the trucks/construction-machinery supply chain (specific products unconfirmed).
Moat: none
Headquarters: Xiangyang, Hubei, China · Employees: 2,648
Size Xiangyang Changyuandonggu Industry (603950.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.72B, the 1439th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥35.40 on 6 Nov 2026.
Performance Over six months the shares fell 36.4%, against -13.6% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 8.1% over the last twelve months (peer median +12.1%); the operating margin is 16.9% (peer median 7.1%).
Valuation It trades at 22.8× forward earnings against a peer median of 11.2× (4th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +16 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 0.9 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¥2.11B | CN¥2.25B | CN¥1.92B | CN¥1.46B | CN¥1.11B |
| Revenue growth | — | +18% | +31% | +32% | — |
| Gross profit | CN¥799M | CN¥596M | CN¥424M | CN¥351M | CN¥203M |
| EBITDA | n/a | CN¥682M | CN¥488M | CN¥399M | CN¥264M |
| Net income | CN¥373M | CN¥389M | CN¥230M | CN¥219M | CN¥100M |
| Free cash flow | CN¥198M | -CN¥51.6M | -CN¥39.1M | -CN¥400M | CN¥39.0M |
| Capital expenditure | CN¥358M | CN¥581M | CN¥402M | CN¥671M | CN¥257M |
| Total debt | CN¥1.75B | CN¥1.39B | CN¥1.03B | CN¥832M | CN¥689M |
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.
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 | 603950.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.8% | -7.0% | 4th lowest of 21 |
| 6-month return | -36.4% | -13.6% | 4th lowest of 21 |
| Distance from 52-week high | -61.9% | -35.3% | 3rd lowest of 21 |
| Revenue growth (TTM) | -8.1% | +12.1% | lowest of 21 |
| Operating margin | 16.9% | 7.1% | 3rd highest of 21 |
| Forward P/E | 22.8× | 11.2× | 4th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 22.1% | 6.8% | 4th most demanding of 18 |
| Growth delivered (Del g) | +6.1% | +9.5% | 4th lowest of 18 |
| Hurdle (Req g minus delivered) | +16.0 pp | -6.3 pp | 3rd most demanding of 18 |
| ROIC minus cost of capital | -0.9 pp | +0.6 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |
| BEML BEML.NS | India | $1.72B | -2% | +13% | 6% | 39.1× | n/a | n/a |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% | +6.6% |
| Deutz DEZ.DE | Germany | $1.74B | -13% | +11% | 5% | 11.4× | 19.8% | +9.5% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% | +6.6% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 9.9× | -3.1% | +10.1% |
| Nisshinbo 3105.T | Japan | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% | +1.9% |
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 7.0× | n/a | n/a |
| Beijing Jiuzhouyigui Environmental Technology 688485.SS | China | $1.91B | +29% | +9% | 2% | n/a | n/a | n/a |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | n/a | 57.1% | +113.9% |
| First Tractor 0038.HK | Hong Kong | $1.93B | -12% | +18% | 6% | 8.5× | -1.8% | +6.7% |
| Bestway Marine & Energy Technology 300008.SZ | China | $1.51B | -29% | +1% | 8% | 30.6× | 14.5% | +54.0% |
| Mitsui ES 7003.T | Japan | $1.98B | -45% | +12% | 11% | 8.7× | 16.0% | -11.3% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 10.9× | -0.3% | +10.6% |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% | +21.7% |
| Shantui Construction Machinery 000680.SZ | China | $2.06B | -22% | +14% | 10% | 9.8× | -4.4% | +15.6% |
| Anhui Heli 600761.SS | China | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% | +9.2% |
| NFI NFI.TO | Canada | $2.06B | +13% | +15% | 2% | 11.0× | 12.0% | +9.3% |
| Weichai Heavy Machinery 000880.SZ | China | $1.44B | -33% | +58% | 2% | n/a | 6.8% | +13.1% |