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Chinese maker of industrial-automation products including PLCs, HMIs and servo drives.
Chinese maker of industrial-automation products including PLCs, HMIs and servo drives.
Sells mainly to machine builders, who pick controllers, screens and drives and tend to keep using them across models, and through distributors to smaller customers. Its products are priced below the foreign brands that long dominated factory automation in China.
In one line: A smaller, China-based Siemens/Mitsubishi Electric for factory automation.
Moat: narrow (distribution, brand). Established brand and distributor network among Chinese machine-builder customers.
Headquarters: Shanghai, China · Employees: 1,081
Size Kinco Automation Shanghai (688160.SS) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $1.45B, the 1682nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥105.62 on 6 Nov 2026.
Performance Over six months the shares fell 1.7%, against -20.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 46.3% over the last twelve months (peer median +4.5%); the operating margin is 8.7% (peer median 7.6%).
Valuation It trades at 90.3× forward earnings against a peer median of 16.6× (most expensive of 17).
Capital Return on invested capital runs 3.8 points above its cost of capital (7.0% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥965M | CN¥721M | CN¥545M | CN¥504M | CN¥536M |
| Revenue growth | — | +32% | +8% | -6% | — |
| Gross profit | CN¥341M | CN¥251M | CN¥187M | CN¥181M | CN¥194M |
| EBITDA | n/a | CN¥77.5M | CN¥47.4M | CN¥63.3M | CN¥97.5M |
| Net income | CN¥98.5M | CN¥72.5M | CN¥48.9M | CN¥60.7M | CN¥91.1M |
| Free cash flow | -CN¥56.1M | CN¥10.2M | CN¥23.9M | CN¥61.8M | CN¥81.8M |
| Capital expenditure | CN¥53.0M | CN¥61.4M | CN¥65.6M | CN¥39.7M | CN¥15.9M |
| Total debt | CN¥95.4M | CN¥67.0M | CN¥101M | CN¥69.3M | CN¥51.5M |
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 |
|---|---|---|---|---|---|---|
| Kinco Automation Shanghai 688160.SS | $1.45B | -2% | +46% | 9% | 90.3× | n/a |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| Mitsubishi Electric 6503.T | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% |
| Shenzhen Inovance Technology 300124.SZ | $23.0B | -17% | +19% | 10% | 27.0× | 21.3% |
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 | 688160.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.6% | -6.9% | highest of 21 |
| 6-month return | -1.7% | -20.4% | 5th highest of 20 |
| Distance from 52-week high | -38.6% | -43.6% | 10th highest of 21 |
| Revenue growth (TTM) | +46.3% | +4.5% | highest of 21 |
| Operating margin | 8.7% | 7.6% | 10th highest of 21 |
| Forward P/E | 90.3× | 16.6× | most expensive of 17 |
| ROIC minus cost of capital | +3.8 pp | -1.5 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kinco Automation Shanghai 688160.SS | China | $1.45B | -2% | +46% | 9% | 90.3× | n/a | n/a |
| Zhejiang Dali Technology 002214.SZ | China | $1.45B | -15% | +1% | -68% | n/a | n/a | n/a |
| Chongqing Chuanyi Automation 603100.SS | China | $1.44B | -4% | +3% | 7% | 14.5× | 2.6% | +9.9% |
| Gl Tech 300480.SZ | China | $1.44B | -28% | +43% | 13% | 57.6× | n/a | n/a |
| Shanghai Liangxin Electrical Co 002706.SZ | China | $1.42B | -26% | +6% | 3% | 30.5× | n/a | n/a |
| Amano 6436.T | Japan | $1.50B | -4% | +1% | 11% | 13.7× | -7.6% | +9.2% |
| Hangzhou Kelin Electric 688611.SS | China | $1.51B | +4% | -58% | -32% | 48.1× | n/a | n/a |
| TAIFLEX Scientific 8039.TW | Taiwan | $1.51B | +36% | +3% | 6% | n/a | 28.3% | +3.9% |
| Guangdong High Dream Intellectualized Machinery 300720.SZ | China | $1.38B | -25% | +8% | 6% | n/a | n/a | n/a |
| Glory 6457.T | Japan | $1.53B | +16% | -8% | 9% | 12.2× | -8.1% | +9.3% |
| Hexing Electrical 603556.SS | China | $1.61B | -23% | +6% | 9% | 14.2× | 0.1% | +11.3% |
| Shandong Chunguang Technology 301531.SZ | China | $1.29B | n/a | +7% | 12% | n/a | 58.9% | +4.4% |
| Shenzhen VMAX New Energy (Group) 688612.SS | China | $1.63B | -21% | -6% | 9% | 17.5× | 18.8% | +57.4% |
| Zhejiang HangKe Technology 688006.SS | China | $1.64B | -43% | +12% | 3% | 24.0× | 16.0% | +14.9% |
| Suzhou TZTEK Technology 688003.SS | China | $1.67B | -19% | +33% | 5% | 64.3× | 42.0% | +13.2% |
| OKI Electric Industry 6703.T | Japan | $1.24B | -32% | -4% | 4% | 11.3× | 10.1% | +1.4% |
| GVS S.p.A GVS.MI | Italy | $1.24B | +35% | -1% | 12% | 20.7× | 14.3% | +3.2% |
| Hunan Zhongke Electric 300035.SZ | China | $1.22B | -42% | +46% | 5% | 20.6× | n/a | n/a |
| Jiangsu Linyang Energy 601222.SS | China | $1.74B | -6% | +35% | 8% | 15.4× | n/a | n/a |
| Henan Thinker Automatic Equipment 603508.SS | China | $1.18B | -20% | -1% | 39% | 9.1× | -3.9% | +12.6% |
| Suzhou Hengmingda Electronic Technology 002947.SZ | China | $1.78B | -43% | +13% | 18% | 15.6× | 9.4% | +34.8% |