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← CockpitCompetitor Analysis › 605018.SS Changhua Holding Group Co., Ltd. Class AOpen in the cockpit ↗

Changhua Holding Group Co., Ltd. Class A605018.SSCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Auto Parts: OEM
Momentum weak 29
Mkt cap
$710M
US dollars, full cap
Free float
27%
of shares outstanding
$/day
$8.20M
20-day average traded
Fwd P/E
25.8×
forward earnings
ROIC−WACC
-4.5 pp
WACC 8.4%
Hurdle
n/a
no reverse DCF
Next earnings
172 days
27 Apr 2027
Close · CNYCN¥10.07
1D-3.0%
1W-2.1%
1M-12.1%
3M-15.7%
6M-21.4%
YTD-13.0%
1Y-13.0%
ATR %5.7%
52w lowhigh51.5% off high

What Changhua does

Employees: 2,252

Changhua at a glance

Size Changhua (605018.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $710M, the 3035th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.07 on 6 Nov 2026.

Performance Over six months the shares fell 21.4%, against -21.1% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue fell 7.1% over the last twelve months (peer median +7.8%); the operating margin is -0.5% (peer median 4.7%).

Valuation It trades at 25.8× forward earnings against a peer median of 18.6× (5th most expensive of 13).

Capital Return on invested capital runs 4.5 points below its cost of capital (8.4% WACC).

Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026605018.SS 79Peer median 78
Six months, rebased to 100: Changhua against the median of its 20 peers (local-currency closes).

Changhua financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥1.90BCN¥2.15BCN¥2.20BCN¥2.42BCN¥1.83B
Revenue growth—-2%-9%+32%—
Gross profitCN¥346MCN¥259MCN¥257MCN¥275MCN¥248M
EBITDAn/aCN¥245MCN¥253MCN¥211MCN¥181M
Net incomeCN¥36.2MCN¥95.2MCN¥114MCN¥109MCN¥110M
Free cash flow-CN¥29.6MCN¥133MCN¥186M-CN¥88.7M-CN¥313M
Capital expenditureCN¥172MCN¥189MCN¥226MCN¥286MCN¥551M
Total debtCN¥255MCN¥243MCN¥57.1MCN¥212MCN¥243M

Quarterly statements and history in the cockpit →

Changhua competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%6037675192603158SUPRAJITSJS002406002590605228603701301596600523FOXFCYD300507601279603348002213300547CIRPWH605018.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Changhua is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%0×50×100×5192603158SUPRAJITSJS002406603701FOXFCYD603348300547PWH605018.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Changhua is the large dot.

Changhua competitors and peer comparison

How Changhua compares with its peers

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.

Changhua against its 20 peers (data as of 6 Nov 2026)
Measure605018.SSPeer medianRank in peer set
1-month return-12.1%-1.9%4th lowest of 21
6-month return-21.4%-21.1%11th highest of 21
Distance from 52-week high-51.5%-34.6%4th lowest of 21
Revenue growth (TTM)-7.1%+7.8%3rd lowest of 21
Operating margin-0.5%4.7%3rd lowest of 21
Forward P/E25.8×18.6×5th most expensive of 13
ROIC minus cost of capital-4.5 pp-1.5 pp7th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Changhua 605018.SSChina$710M-21%-7%-1%25.8×n/an/a
Zhejiang Zomax Transmission 603767.SSChina$711M-20%+3%1%n/a23.6%-2.7%
Mitsuboshi Belting 5192.TJapan$716M+4%+5%10%10.8×-1.1%+7.3%
Changzhou Tenglong Auto Parts 603158.SSChina$719M-22%+9%4%15.4×25.1%+18.7%
Suprajit Engineering SUPRAJIT.NSIndia$701M+11%+18%7%23.8×n/an/a
S.J.S. Enterprises SJS.NSIndia$699M+3%+26%24%30.4×20.2%+30.6%
Xuchang Yuandong Drive Shaft 002406.SZChina$699M-24%+31%13%20.9×2.1%-6.3%
Zhejiang VIE Science & Technology 002590.SZChina$723M-22%+8%4%n/a9.1%+14.5%
Shentong Technology 605228.SSChina$726M-28%+7%11%n/a7.1%+4.9%
Zhejiang Dehong Automotive Electronic & Electrical 603701.SSChina$694M-29%+35%2%110.6×n/an/a
Reach Machinery 301596.SZChina$733M-8%+16%14%n/a32.5%+9.5%
Guizhou Guihang Automotive Components 600523.SSChina$739M-11%+7%4%n/a17.3%+2.4%
Fox Factory FOXFUnited States$748M0%+2%5%15.2×14.6%+10.5%
China Yuchai International CYDUnited States$750M-57%+21%4%5.6×n/an/a
Jiangsu Olive Sensors High-Tech 300507.SZChina$671M-32%-17%5%n/a17.1%+23.1%
Changchun Engley Automobile Industry 601279.SSChina$752M-21%-15%-6%n/a7.1%-2.9%
Wencan 603348.SSChina$670M-22%+3%-7%58.3×n/an/a
Shenzhen Dawei Innovation Technology 002213.SZChina$756M-44%+12%3%n/an/an/a
Sichuan Chuanhuan Technology 300547.SZChina$661M-48%-2%13%16.2×14.9%+17.3%
CIR S.p.A. - Compagnie Industriali Riunite CIR.MIItaly$776M+12%0%6%13.4×2.3%-0.2%
PWR PWH.AXAustralia$776M+24%+31%16%46.9×41.7%+16.6%

Questions

Which companies are Changhua's closest peers?
The cockpit's peer set: Zhejiang Zomax Transmission (603767.SS), Mitsuboshi Belting (5192.T), Changzhou Tenglong Auto Parts (603158.SS), Suprajit Engineering (SUPRAJIT.NS), S.J.S. Enterprises (SJS.NS), Xuchang Yuandong Drive Shaft (002406.SZ), Zhejiang VIE Science & Technology (002590.SZ), Shentong Technology (605228.SS).
Is Changhua expensive compared with its peers?
On forward p/e it trades at 25.8× against a peer median of 18.6×, 5th most expensive of 13 in its peer set.
How has Changhua stock performed?
Over six months to 6 Nov 2026 the shares returned -21.4% against -21.1% for the median peer; over one year -13.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.