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Chinese maker of automotive wiring harnesses that connect a vehicle's electrical systems.
Chinese maker of automotive wiring harnesses that connect a vehicle's electrical systems.
Wins a place on a vehicle model before it launches and then supplies harnesses for that model's whole production run, so sales follow carmakers' volumes on particular models. Harnesses are made to each car's design and paid per set, with copper the main input cost.
Moat: narrow (customer qualification). Wiring-harness design is vehicle-program specific, creating switching costs mid-cycle.
Headquarters: Kunshan, Jiangsu, China · Employees: 12,236
Size Kunshan Huguang Auto Harness (605333.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.32B, the 1824th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.02 on 6 Nov 2026.
Performance Over six months the shares fell 16.4%, against -19.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 2.2% over the last twelve months (peer median +12.4%); the operating margin is 1.6% (peer median 7.2%).
Valuation It trades at 31.8× forward earnings against a peer median of 16.9× (5th most expensive of 16).
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.99B | CN¥8.44B | CN¥7.87B | CN¥3.98B | CN¥3.27B |
| Revenue growth | — | +7% | +97% | +22% | — |
| Gross profit | CN¥1.08B | CN¥1.13B | CN¥1.30B | CN¥465M | CN¥332M |
| EBITDA | n/a | CN¥827M | CN¥1.00B | CN¥277M | CN¥175M |
| Net income | CN¥140M | CN¥481M | CN¥670M | CN¥54.1M | CN¥40.9M |
| Free cash flow | -CN¥382M | CN¥10.5M | -CN¥114M | -CN¥117M | -CN¥888M |
| Capital expenditure | CN¥433M | CN¥355M | CN¥504M | CN¥406M | CN¥654M |
| Total debt | CN¥4.21B | CN¥3.26B | CN¥2.88B | CN¥2.37B | CN¥1.99B |
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 |
|---|---|---|---|---|---|---|
| Kunshan Huguang Auto Harness 605333.SS | $1.32B | -16% | -2% | 2% | 31.8× | n/a |
| Foryou 002906.SZ | $1.87B | -25% | +28% | 5% | 13.9× | n/a |
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 | 605333.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.3% | -5.0% | 2nd highest of 21 |
| 6-month return | -16.4% | -19.7% | 9th highest of 21 |
| Distance from 52-week high | -45.0% | -43.9% | 10th lowest of 21 |
| Revenue growth (TTM) | -2.2% | +12.4% | 3rd lowest of 20 |
| Operating margin | 1.6% | 7.2% | 5th lowest of 21 |
| Forward P/E | 31.8× | 16.9× | 5th most expensive of 16 |
| ROIC minus cost of capital | -1.0 pp | +0.5 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kunshan Huguang Auto Harness 605333.SS | China | $1.32B | -16% | -2% | 2% | 31.8× | n/a | n/a |
| Zhejiang Shibao 1057.HK | Hong Kong | $1.32B | -33% | +22% | 4% | n/a | 26.8% | +25.6% |
| Wuxi Best Precision Machinery 300580.SZ | China | $1.32B | -40% | +12% | 16% | 29.4× | 20.8% | +10.1% |
| Zhejiang Fenglong Electric 002931.SZ | China | $1.30B | -31% | +2% | 0% | n/a | n/a | n/a |
| Jiangsu Bojun Industrial Technology 300926.SZ | China | $1.35B | -31% | +54% | 13% | 9.0× | n/a | n/a |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
| Longhorn Auto 301488.SZ | China | $1.29B | -32% | +34% | 2% | 82.0× | n/a | n/a |
| ASK Automotive ASKAUTOLTD.NS | India | $1.28B | +35% | +39% | 9% | 34.3× | n/a | n/a |
| Varroc Engineering VARROC.NS | India | $1.28B | +40% | +22% | 6% | 31.5× | 29.9% | +15.1% |
| Jiangsu Yunyi Electric 300304.SZ | China | $1.27B | -19% | +14% | 17% | 16.9× | 17.1% | +23.4% |
| Hong Leong Asia H22.SI | Singapore | $1.26B | -40% | +17% | 9% | 9.5× | -12.9% | +2.9% |
| Zhuzhou Times New Materials Technology 600458.SS | China | $1.39B | -17% | +1% | 2% | 14.7× | n/a | n/a |
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% | +2.1% |
| Nexteer Automotive 1316.HK | Hong Kong | $1.40B | -14% | +6% | 4% | 8.5× | -13.5% | +8.7% |
| Lingyun Industrial 600480.SS | China | $1.41B | -25% | +3% | 5% | 17.1× | -12.3% | +8.0% |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | n/a | n/a | n/a |
| SEDEMAC Mechatronics SEDEMAC.NS | India | $1.42B | +56% | +61% | 15% | 73.8× | n/a | n/a |
| CIE Automotive India CIEINDIA.NS | India | $1.42B | -26% | +12% | 11% | 12.2× | 8.6% | +9.2% |
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 33.3× | 36.9% | n/a |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | n/a | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | n/a | n/a | n/a |