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Employees: 801
Size Ningbo Solartron Technology (688299.SS) is a China Materials company (Containers/Packaging) with a market value of $507M, the 3823rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.77 on 6 Nov 2026.
Performance Over six months the shares fell 34.1%, against -16.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 15.4% over the last twelve months (peer median +3.6%); the operating margin is -10.6% (peer median 3.9%).
Valuation It trades at 20.5× forward earnings against a peer median of 21.5× (6th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 13.6 points below its cost of capital (10.1% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.02B | CN¥1.09B | CN¥1.32B | CN¥1.25B | CN¥1.15B |
| Revenue growth | — | -18% | +6% | +9% | — |
| Gross profit | CN¥246M | CN¥260M | CN¥262M | CN¥320M | CN¥283M |
| EBITDA | CN¥8.27M | CN¥125M | CN¥145M | CN¥153M | CN¥153M |
| Net income | -CN¥125M | -CN¥144M | -CN¥29.4M | CN¥95.4M | CN¥113M |
| Free cash flow | CN¥139M | CN¥138M | -CN¥115M | -CN¥407M | -CN¥364M |
| Capital expenditure | CN¥84.8M | CN¥118M | CN¥298M | CN¥511M | CN¥456M |
| Total debt | CN¥906M | CN¥833M | CN¥882M | CN¥725M | CN¥331M |
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 | 688299.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -9.1% | 10th highest of 21 |
| 6-month return | -34.1% | -16.9% | 4th lowest of 21 |
| Distance from 52-week high | -45.1% | -30.7% | 7th lowest of 21 |
| Revenue growth (TTM) | -15.4% | +3.6% | 3rd lowest of 21 |
| Operating margin | -10.6% | 3.9% | 2nd lowest of 21 |
| Forward P/E | 20.5× | 21.5× | 6th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 16.7% | 1.4% | 5th most demanding of 13 |
| Growth delivered (Del g) | +0.9% | +5.3% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | +15.7 pp | -1.6 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | -13.6 pp | -1.1 pp | 4th lowest of 21 |
| Net debt / EBITDA | 52.0× | 2.7× | most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Solartron Technology 688299.SS | China | $507M | -34% | -15% | -11% | 20.5× | 16.7% | +0.9% |
| Shenzhen Prince New Materials 002735.SZ | China | $514M | -34% | +2% | -8% | 79.7× | n/a | n/a |
| Hefei Hengxin Life Science and Technology 301501.SZ | China | $499M | -29% | +16% | 8% | 18.5× | n/a | n/a |
| Shanghai HIUV New Materials 688680.SS | China | $518M | -28% | -34% | -29% | n/a | 25.4% | -4.7% |
| Xiamen Hexing Packaging Printing 002228.SZ | China | $520M | -25% | +2% | 1% | 15.4× | n/a | n/a |
| Bewi BEWI.OL | Norway | $483M | +3% | +6% | 4% | 31.3× | 6.7% | +13.5% |
| Guangdong Taili Technology 301595.SZ | China | $536M | -12% | +2% | 3% | 74.4× | n/a | n/a |
| Zhuhai Zhongfu Enterprise 000659.SZ | China | $471M | -39% | -10% | -2% | n/a | n/a | n/a |
| Vetropack VETN.SW | Switzerland | $470M | -3% | -5% | 4% | 23.9× | 0.4% | +3.3% |
| Pack 3950.T | Japan | $550M | +13% | +4% | 7% | n/a | -8.4% | +5.6% |
| Zhejiang Haers Vacuum Containers 002615.SZ | China | $466M | -31% | +4% | 3% | 19.1× | 1.9% | +16.8% |
| HySum Flexibles Global 300501.SZ | China | $445M | -22% | +12% | -2% | n/a | 25.2% | +9.1% |
| AGI Greenpac AGI.NS | India | $442M | +2% | +6% | 16% | 10.7× | 17.7% | +16.3% |
| ZRP Printing 301223.SZ | China | $441M | -23% | +8% | 5% | n/a | -6.3% | +7.8% |
| UFlex UFLEX.NS | India | $440M | +29% | +10% | 9% | n/a | n/a | n/a |
| GuangDong Leary New Material Technology 688683.SS | China | $586M | -45% | +83% | 5% | n/a | n/a | n/a |
| Ningbo Homelink Eco-iTech 301193.SZ | China | $602M | -38% | +44% | -4% | n/a | n/a | n/a |
| Tomoku 3946.T | Japan | $427M | +17% | -3% | 5% | n/a | -3.5% | +5.0% |
| Hexagon Composites HEX.OL | Norway | $423M | +26% | -39% | -7% | n/a | 34.2% | -0.8% |
| CPH CPHN.SW | Switzerland | $422M | -1% | +4% | 9% | 14.2× | -5.9% | -5.6% |
| Oeneo SBT.PA | France | $617M | -1% | -10% | 14% | 25.4× | 1.0% | +0.2% |