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Employees: 918
Size Shenzhen Sunxing Light Alloy Materials (603978.SS) is a China Materials company (Aluminum) with a market value of $601M, the 3416th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.15 on 6 Nov 2026.
Performance Over six months the shares fell 28.9%, against -23.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 32.4% over the last twelve months (peer median +14.2%); the operating margin is 0.8% (peer median 2.7%).
Valuation It trades at 2.42× book value against a peer median of 2.08× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 20.8%; Shenzhen Sunxing Light Alloy Materials delivers -0.7%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.01B | CN¥3.26B | CN¥2.55B | CN¥1.58B | CN¥1.52B |
| Revenue growth | — | +28% | +62% | +4% | — |
| Gross profit | CN¥295M | CN¥116M | CN¥49.1M | CN¥60.4M | CN¥135M |
| EBITDA | n/a | CN¥108M | CN¥17.6M | CN¥39.1M | CN¥45.4M |
| Net income | -CN¥11.2M | -CN¥79.3M | -CN¥291M | -CN¥141M | -CN¥48.1M |
| Free cash flow | -CN¥134M | -CN¥156M | -CN¥450M | -CN¥467M | -CN¥201M |
| Capital expenditure | CN¥63.8M | CN¥40.2M | CN¥207M | CN¥272M | CN¥64.8M |
| Total debt | CN¥2.23B | CN¥2.22B | CN¥1.90B | CN¥1.75B | CN¥1.28B |
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| Measure | 603978.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.1% | -10.3% | 2nd lowest of 21 |
| 6-month return | -28.9% | -23.3% | 8th lowest of 21 |
| Return on equity | -0.7% | 3.9% | 5th lowest of 21 |
| Price / book | 2.42× | 2.08× | 7th most expensive of 21 |
| ROE the price implies | 20.8% | 15.2% | 9th most demanding of 21 |
| ROE delivered | -0.7% | 3.1% | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Sunxing Light Alloy Materials 603978.SS | China | $601M | -29% | +32% | -1% | 2.42× | 20.8% | -0.7% |
| Jiangsu Alcha Aluminium 002160.SZ | China | $573M | -25% | +8% | 2% | 1.02× | 9.7% | 1.8% |
| Chongqing Shunbo Aluminum 002996.SZ | China | $566M | -25% | +17% | 7% | 1.07× | 8.4% | 6.7% |
| Zyf Lopsking Material Technology 002333.SZ | China | $513M | -8% | -17% | 2% | 1.77× | 8.0% | 1.7% |
| Fujian Minfa Aluminium 002578.SZ | China | $726M | +20% | +15% | -1% | 3.13× | 25.7% | -1.3% |
| Shandong Chiway Industry Development 002374.SZ | China | $479M | -8% | -10% | -46% | 6.21× | 63.1% | -45.8% |
| Sam-A Aluminium 006110.KS | South Korea | $459M | -40% | +19% | -10% | 2.81× | 17.9% | -9.9% |
| Guangdong Hoshion Industrial Aluminium 002824.SZ | China | $825M | -29% | +34% | 8% | 2.30× | 32.3% | 7.7% |
| GETO New Materials 300986.SZ | China | $856M | -39% | +23% | 8% | 2.51× | 37.7% | 7.7% |
| Jiangsu Asia-Pacific Light Alloy Technology 002540.SZ | China | $885M | -20% | +26% | 5% | 1.06× | 9.3% | 4.9% |
| Guangdong Huafeng New Energy Technology 002806.SZ | China | $381M | -15% | +7% | -4% | 2.31× | 19.6% | -4.5% |
| Nippon Light Metal 5703.T | Japan | $949M | -15% | +14% | 9% | 0.58× | 5.7% | 8.8% |
| Daiki Aluminium Industry 5702.T | Japan | $378M | 0% | +13% | 7% | 0.74× | 8.2% | 7.2% |
| Changzhou Evergreen Technology 001324.SZ | China | $371M | -12% | +8% | 3% | 2.15× | 8.8% | 3.1% |
| Yechiu Metal Recycling (China) 601388.SS | China | $1.01B | -25% | +10% | 10% | 1.41× | 12.5% | 9.6% |
| Guangdong Haomei New Material 002988.SZ | China | $1.01B | -22% | +16% | 2% | 2.40× | 22.2% | 1.8% |
| Yong Jie New Material 603271.SS | China | $1.03B | -33% | +57% | 24% | 2.02× | 21.5% | 24.4% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 5% | 3.84× | 29.0% | 4.7% |
| Jiangsu Lidao New Material 603937.SS | China | $319M | -33% | +26% | 1% | 1.34× | 10.4% | 1.5% |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | 0.85× | 8.2% | 3.1% |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 9% | 5.39× | 95.9% | n/a |