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Employees: 1,645
Size Wetown Electric (688226.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $729M, the 2978th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.80 on 6 Nov 2026.
Performance Over six months the shares fell 55.5%, against -15.3% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 54.0% over the last twelve months (peer median +5.9%); the operating margin is 3.5% (peer median 3.5%).
Valuation It trades at 29.9× forward earnings against a peer median of 19.1× (3rd most expensive of 12).
Capital Return on invested capital runs 3.2 points below its cost of capital (7.4% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.13B | CN¥3.85B | CN¥3.47B | CN¥2.84B | CN¥1.63B |
| Revenue growth | — | +11% | +22% | +74% | — |
| Gross profit | CN¥666M | CN¥404M | CN¥518M | CN¥477M | CN¥288M |
| EBITDA | n/a | CN¥168M | CN¥244M | CN¥227M | CN¥123M |
| Net income | CN¥51.8M | CN¥30.4M | CN¥94.9M | CN¥120M | CN¥69.9M |
| Free cash flow | -CN¥392M | -CN¥401M | -CN¥241M | -CN¥571M | -CN¥178M |
| Capital expenditure | CN¥299M | CN¥633M | CN¥358M | CN¥354M | CN¥103M |
| Total debt | CN¥2.84B | CN¥2.63B | CN¥2.02B | CN¥1.42B | CN¥634M |
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 | 688226.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.0% | -5.3% | 3rd lowest of 21 |
| 6-month return | -55.5% | -15.3% | lowest of 21 |
| Distance from 52-week high | -63.4% | -30.7% | lowest of 21 |
| Revenue growth (TTM) | +54.0% | +5.9% | 3rd highest of 21 |
| Operating margin | 3.5% | 3.5% | 11th highest of 21 |
| Forward P/E | 29.9× | 19.1× | 3rd most expensive of 12 |
| ROIC minus cost of capital | -3.2 pp | -3.6 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wetown Electric 688226.SS | China | $729M | -55% | +54% | 3% | 29.9× | n/a | n/a |
| Jinxi Axle 600495.SS | China | $728M | -6% | +19% | -1% | n/a | 22.1% | +2.6% |
| VBG VBG-B.ST | Sweden | $734M | -16% | +5% | 10% | 16.2× | 2.7% | +11.4% |
| Shanghai Chuangli 603012.SS | China | $738M | -12% | -17% | 5% | n/a | 8.1% | +2.8% |
| Niutech Technology 688309.SS | China | $753M | -10% | +79% | 26% | n/a | n/a | n/a |
| Shandong Mining Machinery 002526.SZ | China | $754M | -15% | -6% | 1% | n/a | n/a | n/a |
| Xiamen XGMA Machinery 600815.SS | China | $756M | -36% | +21% | -21% | n/a | n/a | n/a |
| Jianglong Shipbuilding 300589.SZ | China | $699M | -25% | -9% | -12% | 42.5× | n/a | n/a |
| Endur ENDUR.OL | Norway | $696M | +7% | +88% | 5% | 19.2× | 8.8% | +88.7% |
| Hangzhou Advance Gearbox 601177.SS | China | $786M | -19% | +1% | 4% | n/a | 14.5% | +4.6% |
| Ajax Engineering AJAXENGG.NS | India | $676M | +1% | +1% | 12% | 24.3× | 25.4% | +23.2% |
| Gemac Engineering Machinery 301048.SZ | China | $801M | -8% | +7% | 8% | n/a | 4.1% | +4.0% |
| Greenworks (Jiangsu) 301260.SZ | China | $804M | -35% | -1% | -8% | 19.1× | n/a | n/a |
| Manitowoc MTW | United States | $808M | -3% | +9% | 3% | 16.2× | 11.2% | +9.2% |
| Power HF 605100.SS | China | $816M | -35% | +17% | 2% | n/a | n/a | n/a |
| Astec Industries ASTE | United States | $822M | -33% | +19% | 5% | 9.8× | 9.5% | +6.6% |
| CSBC Corp. Taiwan 2208.TW | Taiwan | $642M | -18% | -15% | -5% | n/a | n/a | n/a |
| Chengdu Xiling Power Science & Technology 300733.SZ | China | $831M | -9% | +4% | 3% | 29.3× | n/a | n/a |
| Douglas Dynamics PLOW | United States | $839M | -20% | +23% | 13% | 11.0× | 5.6% | +6.4% |
| Beijing Tianma Intelligent Control Technology 688570.SS | China | $628M | -22% | -5% | -1% | 44.5× | 14.1% | +6.8% |
| Balu Forge Industries BALUFORGE.NS | India | $624M | -10% | +31% | 26% | 15.9× | n/a | n/a |