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Employees: 5,611
Size Ningbo Dechang Electrical Machinery Made (605555.SS) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $794M, the 2779th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.94 on 6 Nov 2026.
Performance Over six months the shares fell 28.8%, against -17.5% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +4.0%); the operating margin is 2.3% (peer median 8.9%).
Valuation It trades at 42.1× forward earnings against a peer median of 18.1× (2nd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points below its cost of capital (7.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.87B | CN¥4.48B | CN¥4.09B | CN¥2.77B | CN¥1.93B |
| Revenue growth | — | +10% | +48% | +44% | — |
| Gross profit | CN¥679M | CN¥529M | CN¥677M | CN¥501M | CN¥318M |
| EBITDA | n/a | CN¥304M | CN¥490M | CN¥375M | CN¥205M |
| Net income | CN¥65.6M | CN¥163M | CN¥411M | CN¥322M | CN¥299M |
| Free cash flow | CN¥110M | -CN¥537M | -CN¥254M | CN¥132M | -CN¥18.9M |
| Capital expenditure | CN¥261M | CN¥563M | CN¥509M | CN¥337M | CN¥365M |
| Total debt | CN¥1.69B | CN¥990M | CN¥763M | CN¥550M | CN¥667M |
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 | 605555.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.5% | -7.9% | 10th lowest of 21 |
| 6-month return | -28.8% | -17.5% | 6th lowest of 20 |
| Distance from 52-week high | -47.1% | -40.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +10.9% | +4.0% | 8th highest of 21 |
| Operating margin | 2.3% | 8.9% | 8th lowest of 21 |
| Forward P/E | 42.1× | 18.1× | 2nd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 11.9% | 9.9% | 7th most demanding of 14 |
| Growth delivered (Del g) | +16.8% | +3.5% | highest of 14 |
| Hurdle (Req g minus delivered) | -4.9 pp | +10.2 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | -0.8 pp | -1.6 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Dechang Electrical Machinery Made 605555.SS | China | $794M | -29% | +11% | 2% | 42.1× | 11.9% | +16.8% |
| Bear Electric Appliance 002959.SZ | China | $794M | -18% | -7% | 7% | 19.3× | -6.6% | +7.5% |
| Guoguang Electric 002045.SZ | China | $807M | -13% | -17% | -4% | 10.0× | n/a | n/a |
| JS Global Lifestyle 1691.HK | Hong Kong | $808M | +9% | 0% | 0% | 18.1× | 23.1% | -16.8% |
| Guangdong Hongjing Optoelectronic Technology 301479.SZ | China | $810M | -46% | +19% | 8% | n/a | n/a | n/a |
| Alliance Material 3595.TWO | Taiwan | $760M | -71% | +200% | 35% | n/a | 45.5% | -2.5% |
| Cosonic Intelligent Technologies 300793.SZ | China | $747M | -7% | +15% | -5% | n/a | 50.0% | -4.4% |
| Guangdong Hotata Technology 603848.SS | China | $736M | -24% | +7% | 13% | 21.6× | 17.0% | +5.9% |
| Harvia HARVIA.HE | Finland | $858M | +7% | +12% | 19% | 24.7× | 14.0% | +12.8% |
| Tonze New Energy Technology 002759.SZ | China | $694M | -68% | +106% | 16% | n/a | n/a | n/a |
| Aucma 600336.SS | China | $675M | -24% | -15% | -7% | n/a | n/a | n/a |
| Whirlpool China 600983.SS | China | $936M | -13% | -2% | 11% | 14.0× | -7.2% | -1.9% |
| Appotronics 688007.SS | China | $662M | -35% | -47% | -20% | n/a | n/a | n/a |
| Doshisha 7483.T | Japan | $660M | -12% | +3% | 9% | 11.9× | -19.9% | +3.5% |
| Ningbo Hicon Industry Technology 001237.SZ | China | $969M | n/a | -10% | 14% | n/a | 9.9% | -10.3% |
| Kyung Dong Navien 009450.KS | South Korea | $650M | -21% | +5% | 13% | 7.6× | -17.8% | +11.5% |
| Shenzhen Textile (Holdings) 000045.SZ | China | $646M | -25% | -4% | 3% | n/a | 5.7% | +9.0% |
| Woori Technology 032820.KS | South Korea | $984M | -64% | -2% | -12% | n/a | n/a | n/a |
| Xiamen Comfort Science & Technology 002614.SZ | China | $640M | +19% | +12% | 0% | n/a | 3.9% | -6.3% |
| Guangdong Avcit Technology 001229.SZ | China | $634M | +11% | +11% | 10% | n/a | 43.0% | +6.8% |
| Hefei I-TEK OptoElectronics 688610.SS | China | $1.01B | +18% | +72% | 14% | 45.9× | n/a | n/a |