Jiangsu-based technology manufacturer supplying components to industrial or electronics customers.
Jiangsu-based technology manufacturer supplying components to industrial or electronics customers.
Moat: none
Headquarters: Jiangsu, China · Employees: 1,339
Size Jiangsu Cai Qin Technology (688182.SS) is a China Industrials company (Electrical Products) with a market value of $1.12B, the 2090th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.59 on 6 Nov 2026.
Performance Over six months the shares fell 38.8%, against -26.7% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 85.7% over the last twelve months (peer median +18.4%); the operating margin is 9.3% (peer median 4.9%).
Valuation It trades at 50.2× forward earnings against a peer median of 24.5× (4th most expensive of 17).
Capital Return on invested capital runs 8.0 points below its cost of capital (13.3% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.17B | CN¥723M | CN¥411M | CN¥368M | CN¥344M |
| Revenue growth | — | +76% | +11% | +7% | — |
| Gross profit | CN¥314M | CN¥204M | CN¥108M | CN¥90.1M | CN¥90.7M |
| EBITDA | n/a | CN¥146M | CN¥125M | CN¥45.6M | CN¥48.4M |
| Net income | CN¥117M | CN¥120M | CN¥57.8M | CN¥46.7M | CN¥78.6M |
| Free cash flow | -CN¥335M | -CN¥333M | -CN¥126M | -CN¥75.2M | CN¥41.4M |
| Capital expenditure | CN¥300M | CN¥412M | CN¥257M | CN¥128M | CN¥79.7M |
| Total debt | CN¥253M | CN¥198M | CN¥60.7M | CN¥26.9M | CN¥35.9M |
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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 | 688182.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.4% | -14.1% | 3rd lowest of 21 |
| 6-month return | -38.8% | -26.7% | 7th lowest of 20 |
| Distance from 52-week high | -60.1% | -44.7% | 4th lowest of 21 |
| Revenue growth (TTM) | +85.7% | +18.4% | 2nd highest of 21 |
| Operating margin | 9.3% | 4.9% | 7th highest of 21 |
| Forward P/E | 50.2× | 24.5× | 4th most expensive of 17 |
| ROIC minus cost of capital | -8.0 pp | -1.5 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |
| Baosheng Science & Technology Innovation 600973.SS | China | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% | +6.9% |
| Shanghai Cooltech Power 300153.SZ | China | $1.11B | -27% | +84% | 5% | 29.0× | 37.0% | +20.3% |
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Shanghai QiFan Cable 605222.SS | China | $1.11B | -51% | +12% | 2% | 16.4× | n/a | n/a |
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% | +5.7% |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Windey Energy Technology 300772.SZ | China | $1.09B | -42% | +23% | -2% | n/a | n/a | n/a |
| Dynapack International Technology 3211.TWO | Taiwan | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% | -7.3% |
| Xiangtan Electrochemical Scientific 002125.SZ | China | $1.08B | -25% | +1% | 9% | n/a | 19.4% | +9.2% |
| Shenzhen Highpower Technology 001283.SZ | China | $1.07B | 0% | +18% | 5% | 23.8× | n/a | n/a |
| Ongoal Technology 301662.SZ | China | $1.06B | -51% | -3% | 3% | 43.9× | 51.7% | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Voltamp Transformers VOLTAMP.NS | India | $1.04B | +1% | +18% | 15% | 28.6× | 35.4% | +25.5% |