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Chinese maker of high-end five-axis CNC machine tools and CNC control systems.
Chinese maker of high-end five-axis CNC machine tools and CNC control systems.
Builds its own control systems, spindles and rotary tables rather than buying them from Japanese or German suppliers, so it sells complete five-axis machines to aerospace buyers. Orders are large per machine, which makes revenue depend on a limited set of customers.
Moat: narrow (process know-how, IP / patents). Few Chinese makers can produce high-end five-axis CNC systems, a segment historically dominated by Japan/Germany.
Headquarters: Dalian, China · Founded: 2008 · Employees: 732
Size KEDE Numerical Control (688305.SS) is a China Industrials company (Industrial Machinery) with a market value of $853M, the 2610th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥42.89 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against -23.8% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 19 in its peer set.
Growth Revenue fell 31.0% over the last twelve months (peer median +8.3%); the operating margin is 10.7% (peer median 6.0%).
Valuation It trades at 78.0× forward earnings against a peer median of 17.6× (3rd most expensive of 15).
Capital Return on invested capital runs 5.6 points below its cost of capital (10.3% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥430M | CN¥552M | CN¥604M | CN¥452M | CN¥315M |
| Revenue growth | — | -9% | +34% | +43% | — |
| Gross profit | CN¥201M | CN¥186M | CN¥230M | CN¥183M | CN¥120M |
| EBITDA | n/a | CN¥159M | CN¥187M | CN¥135M | CN¥83.2M |
| Net income | CN¥55.6M | CN¥88.6M | CN¥130M | CN¥102M | CN¥60.3M |
| Free cash flow | -CN¥92.6M | CN¥15.7M | -CN¥342M | -CN¥35.7M | -CN¥65.9M |
| Capital expenditure | CN¥168M | CN¥235M | CN¥414M | CN¥96.8M | CN¥61.2M |
| Total debt | CN¥45.5M | CN¥57.5M | CN¥122M | CN¥102M | CN¥128M |
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 |
|---|---|---|---|---|---|---|
| KEDE Numerical Control 688305.SS | $853M | -29% | -31% | 11% | 78.0× | n/a |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% |
| Okuma 6103.T | $1.56B | -16% | +15% | 9% | 10.4× | n/a |
| Shenyang Machine Tool 000410.SZ | $2.11B | -14% | +29% | -3% | n/a | 25.3% |
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 | 688305.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.1% | -8.1% | 6th lowest of 21 |
| 6-month return | -29.1% | -23.8% | 5th lowest of 19 |
| Distance from 52-week high | -46.9% | -47.0% | 11th highest of 21 |
| Revenue growth (TTM) | -31.0% | +8.3% | lowest of 21 |
| Operating margin | 10.7% | 6.0% | 8th highest of 21 |
| Forward P/E | 78.0× | 17.6× | 3rd most expensive of 15 |
| ROIC minus cost of capital | -5.6 pp | -2.9 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KEDE Numerical Control 688305.SS | China | $853M | -29% | -31% | 11% | 78.0× | n/a | n/a |
| Tianjin Benefo Tejing Electric 600468.SS | China | $852M | -28% | +16% | 0% | n/a | 38.3% | +0.2% |
| Towa 6315.T | Japan | $851M | -39% | +29% | 16% | 15.3× | 18.8% | +12.8% |
| SUFA Technology Industry Co., Ltd., CNNC 000777.SZ | China | $850M | -25% | -25% | 2% | 37.2× | n/a | n/a |
| Guangdong Vanward New Electric 002543.SZ | China | $849M | -17% | -12% | -3% | 20.1× | n/a | n/a |
| HMT HMT.NS | India | $849M | -15% | +9% | -82% | n/a | 61.3% | -6.9% |
| Guangdong LingXiao Pump Industry 002884.SZ | China | $848M | -16% | +8% | 25% | 13.2× | -5.6% | +3.7% |
| Hangzhou Youngsun Intelligent Equipment 603901.SS | China | $858M | -17% | +11% | 6% | 20.0× | 11.9% | +14.7% |
| Kirloskar Pneumatic KIRLPNU.NS | India | $846M | -23% | +9% | 18% | 29.0× | 26.3% | +16.8% |
| Tiangong International 0826.HK | Hong Kong | $843M | -28% | +8% | 11% | 8.8× | 5.7% | -2.7% |
| Zhejiang Headman Machinery 688577.SS | China | $864M | -31% | +35% | 6% | 60.2× | n/a | n/a |
| Create Technology & Science 000551.SZ | China | $842M | -29% | +15% | 11% | 15.2× | -0.5% | +5.7% |
| Shibuya 6340.T | Japan | $839M | +40% | +5% | 10% | 11.3× | -0.2% | +5.5% |
| Kale Environment Technology (Shanghai) 301070.SZ | China | $872M | -29% | -9% | 0% | n/a | n/a | n/a |
| Bingshan Refrigeration & Heat Transfer Technologies 000530.SZ | China | $833M | +47% | -8% | 0% | 79.1× | 20.4% | +20.5% |
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 231.6× | n/a | n/a |
| Shenzhen Riland Industry 300154.SZ | China | $831M | +41% | -2% | 5% | n/a | 44.6% | +10.0% |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 11.9× | -0.5% | +2.8% |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | n/a | n/a | n/a |
| Shanghai Huitong Energy 600605.SS | China | $878M | -10% | +13% | 14% | n/a | 41.3% | +2.9% |
| Suzhou Chunqiu Electronic Technology 603890.SS | China | $880M | -38% | +7% | 6% | 13.0× | 5.2% | +4.2% |