Loading…
Chinese maker of superalloy and special-steel bar/wire used in aerospace, oil-and-gas and automotive fasteners.
Chinese maker of superalloy and special-steel bar/wire used in aerospace, oil-and-gas and automotive fasteners.
Melts nickel-based and other superalloys and sells the bars and wire to forgers and fastener makers, with prices typically built from the cost of the metals plus a processing premium that is larger for aerospace-grade alloy. Each customer must approve a material before ordering it in volume.
In one line: A small, aerospace-alloy Carpenter Technology.
Moat: narrow (process know-how, customer qualification). Aerospace-grade alloy qualification is slow, giving incumbents an edge once approved.
Headquarters: Jiangsu, China · Employees: 863
Size Jiangsu Longda Superalloy (688231.SS) is a China Materials company (Steel) with a market value of $919M, the 2471st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.44 on 6 Nov 2026.
Performance Over six months the shares fell 34.3%, against -20.9% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 54.2% over the last twelve months (peer median +1.3%); the operating margin is 5.7% (peer median 5.2%).
Valuation It trades at 35.0× forward earnings against a peer median of 18.2× (3rd most expensive of 15).
Capital Return on invested capital runs 5.1 points below its cost of capital (9.4% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.55B | CN¥1.85B | CN¥1.39B | CN¥1.21B | CN¥952M |
| Revenue growth | — | +33% | +15% | +27% | — |
| Gross profit | CN¥508M | CN¥248M | CN¥211M | CN¥178M | CN¥168M |
| EBITDA | n/a | CN¥145M | CN¥80.7M | CN¥44.4M | CN¥84.3M |
| Net income | CN¥131M | CN¥74.0M | CN¥66.1M | CN¥55.4M | CN¥94.4M |
| Free cash flow | -CN¥793M | -CN¥231M | -CN¥303M | -CN¥293M | -CN¥700M |
| Capital expenditure | CN¥409M | CN¥240M | CN¥141M | CN¥108M | CN¥386M |
| Total debt | CN¥1.54B | CN¥1.06B | CN¥650M | CN¥342M | CN¥160M |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Longda Superalloy 688231.SS | $919M | -34% | +54% | 6% | 35.0× | n/a |
| Fushun Special Steel 600399.SS | $1.22B | -25% | +6% | -5% | 102.8× | n/a |
| Citic Pacific Special Steel 000708.SZ | $9.52B | -18% | 0% | 6% | 10.8× | -7.8% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 3% | 14.4× | -9.6% |
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 | 688231.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.7% | -6.3% | lowest of 21 |
| 6-month return | -34.3% | -20.9% | 5th lowest of 21 |
| Distance from 52-week high | -56.8% | -34.6% | 4th lowest of 21 |
| Revenue growth (TTM) | +54.2% | +1.3% | 2nd highest of 21 |
| Operating margin | 5.7% | 5.2% | 10th highest of 21 |
| Forward P/E | 35.0× | 18.2× | 3rd most expensive of 15 |
| ROIC minus cost of capital | -5.1 pp | -3.0 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 35.0× | n/a | n/a |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | n/a | 8.4% | +14.0% |
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 5% | 40.0× | n/a | n/a |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -18% | n/a | n/a | n/a |
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 8% | 10.5× | -14.8% | +20.5% |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 23% | n/a | n/a | n/a |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 14.2× | 1.6% | +8.5% |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | n/a | n/a | n/a |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 18.8× | 10.4% | +22.8% |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 15.4× | 0.6% | -3.9% |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | n/a | n/a | n/a |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 27.5× | 9.7% | -2.4% |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 17.5× | -4.8% | +8.4% |
| SunCoke Energy SXC | United States | $832M | +34% | +3% | 4% | 23.1× | 7.2% | +6.6% |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% | +0.9% |
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 5% | 41.5× | 26.1% | +15.8% |
| Hangxiao Steel Structure 600477.SS | China | $810M | -24% | -24% | 3% | 28.6× | 11.6% | -2.5% |
| Anyang Iron and Steel 600569.SS | China | $810M | -10% | +1% | -10% | n/a | n/a | n/a |
| Maharashtra Seamless MAHSEAMLES.NS | India | $809M | -12% | -12% | 13% | 15.5× | 8.1% | +15.2% |
| Yieh Phui Enterprise 2023.TW | Taiwan | $804M | +5% | -9% | 0% | 25.2× | n/a | n/a |
| Champion Iron CIA.AX | Australia | $799M | -60% | -7% | 7% | 11.5× | 10.4% | +7.4% |