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Wuxi maker of stamped vehicle parts, sub-assemblies, moulds and precision electroplating for carmakers including SAIC and Tesla.
Wuxi maker of stamped vehicle parts, sub-assemblies, moulds and precision electroplating for carmakers including SAIC and Tesla.
Presses sheet metal into stamped parts for carmakers and assembles them into sub-assemblies, so volumes follow the customers' vehicle output. SAIC remains the anchor customer, with Xiaomi, Tesla and Li Auto added in recent years; precision plating and moulds are smaller side lines.
Moat: none (customer qualification). Long approvals with carmakers and nearby plants, but stamping is competitive and carmakers press prices.
Headquarters: Wuxi, China · Employees: 3,124
Size Wuxi Zhenhua Auto Parts (605319.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.16B, the 2045th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.88 on 6 Nov 2026.
Performance Over six months the shares fell 18.4%, against -6.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 13.3% over the last twelve months (peer median +9.3%); the operating margin is 19.6% (peer median 6.3%).
Valuation It trades at 14.6× forward earnings against a peer median of 12.2× (7th most expensive of 15).
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 +16%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.9 points above its cost of capital (6.7% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.17B | CN¥2.95B | CN¥2.52B | CN¥2.30B | CN¥1.88B |
| Revenue growth | — | +17% | +9% | +23% | — |
| Gross profit | CN¥1.12B | CN¥801M | CN¥611M | CN¥537M | CN¥356M |
| EBITDA | n/a | CN¥924M | CN¥745M | CN¥615M | CN¥403M |
| Net income | CN¥483M | CN¥465M | CN¥378M | CN¥277M | CN¥162M |
| Free cash flow | CN¥731M | CN¥179M | -CN¥4.32M | -CN¥87.8M | -CN¥208M |
| Capital expenditure | CN¥283M | CN¥389M | CN¥473M | CN¥512M | CN¥245M |
| Total debt | CN¥1.11B | CN¥981M | CN¥958M | CN¥698M | CN¥390M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wuxi Zhenhua Auto Parts 605319.SS | $1.16B | -18% | +13% | 20% | 14.6× | -4.7% |
| Gestamp Automocion GEST.MC | $1.77B | -13% | -3% | 5% | 7.3× | -5.7% |
| Magna International MG.TO | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% |
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 | 605319.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.9% | -3.3% | 8th highest of 21 |
| 6-month return | -18.4% | -6.9% | 7th lowest of 20 |
| Distance from 52-week high | -27.8% | -30.6% | 10th highest of 21 |
| Revenue growth (TTM) | +13.3% | +9.3% | 8th highest of 20 |
| Operating margin | 19.6% | 6.3% | highest of 21 |
| Forward P/E | 14.6× | 12.2× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | -4.7% | 2.0% | 5th least demanding of 13 |
| Growth delivered (Del g) | +16.0% | +10.0% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -20.7 pp | -11.1 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | +12.9 pp | +0.7 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 14.6× | -4.7% | +16.0% |
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | n/a | 9.3% | +9.0% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 9.6× | -0.4% | +8.0% |
| Exedy 7278.T | Japan | $1.14B | -17% | 0% | 7% | 11.3× | -6.9% | +6.0% |
| Guangzhou Ruili Kormee Automotive Electronic 001285.SZ | China | $1.14B | -22% | +21% | 14% | 17.4× | n/a | n/a |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |
| Hl Mando 204320.KS | South Korea | $1.13B | -43% | +2% | 3% | 9.6× | -19.9% | +11.2% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 15.5× | n/a | n/a |
| Saf-holland SFQ.DE | Germany | $1.11B | +9% | 0% | 8% | 13.2× | 0.9% | +12.6% |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 9.0× | -7.1% | +12.3% |
| JOST Werke JST.DE | Germany | $1.11B | +5% | +32% | 7% | 10.8× | 3.0% | +14.1% |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | n/a | n/a | n/a |
| Fuxin Dare Automotive Parts 300473.SZ | China | $1.10B | +28% | +21% | 5% | 33.5× | 20.8% | +10.0% |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | n/a | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | n/a | n/a | n/a |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | n/a | n/a | n/a |
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 33.3× | 36.9% | n/a |
| ARB ARB.AX | Australia | $1.08B | +1% | -4% | 16% | 17.0× | 15.7% | +2.4% |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | n/a | n/a | n/a |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 5.5× | n/a | n/a |
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% | +2.1% |