Which companies are Niutech Technology's closest peers?

The cockpit's peer set: Shandong Mining Machinery (002526.SZ), Xiamen XGMA Machinery (600815.SS), Shanghai Chuangli (603012.SS), VBG (VBG-B.ST), Wetown Electric (688226.SS), Jinxi Axle (600495.SS), Hangzhou Advance Gearbox (601177.SS), Gemac Engineering Machinery (301048.SZ).

Is Niutech Technology expensive compared with its peers?

On ev / sales it trades at 9.9× against a peer median of 2.4×, 2nd most expensive of 21 in its peer set.

How has Niutech Technology stock performed?

Over six months to 6 Nov 2026 the shares returned -10.3% against -15.3% for the median peer; over one year +148.9%.

← CockpitCompetitor Analysis › 688309.SS Niutech Technology Group Co Ltd Class AOpen in the cockpit ↗

Niutech Technology Group Co Ltd Class A688309.SSCompetitor analysis, valuation and peers

China · CNY·Industrials›Trucks/Construction/Farm Machinery

Momentum strong 64

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$753M

US dollars, full cap

Free float

100%

of shares outstanding

$/day

$12.6M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

+3.0 pp

WACC 9.6%

Hurdle

n/a

no reverse DCF

Close · CNYCN¥63.22

1D+1.7%

1W+19.3%

1M-13.2%

3M-1.7%

6M-10.3%

YTD+162.0%

1Y+148.9%

ATR %7.3%

52w lowhigh28.6% off high

What Niutech Technology does

Employees: 312

Niutech Technology at a glance

Size Niutech Technology (688309.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $753M, the 2898th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥63.22 on 6 Nov 2026.

Performance Over six months the shares fell 10.3%, against -15.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 79.2% over the last twelve months (peer median +7.9%); the operating margin is 25.7% (peer median 3.5%).

Valuation It trades at 9.9× enterprise value to sales against a peer median of 2.4× (2nd most expensive of 21).

Capital Return on invested capital runs 3.0 points above its cost of capital (9.6% WACC).

Relative performance

Six months, rebased to 100: Niutech Technology against the median of its 20 peers (local-currency closes).

Niutech Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥495M	CN¥294M	CN¥155M	CN¥164M	CN¥165M
Revenue growth	—	+90%	-6%	-1%	—
Gross profit	CN¥233M	CN¥82.2M	CN¥57.0M	CN¥81.5M	CN¥64.0M
EBITDA	n/a	CN¥58.3M	CN¥30.4M	CN¥27.9M	CN¥21.6M
Net income	CN¥107M	CN¥33.4M	CN¥17.4M	CN¥18.1M	CN¥14.6M
Free cash flow	-CN¥145M	-CN¥40.8M	CN¥38.4M	-CN¥44.7M	CN¥57.1M
Capital expenditure	CN¥90.6M	CN¥52.5M	CN¥69.3M	CN¥61.5M	CN¥68.7M
Total debt	CN¥16.4M	CN¥35.8M	CN¥44.7M	CN¥15.9M	CN¥6.24M

Quarterly statements and history in the cockpit →

Niutech Technology competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Niutech Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Niutech Technology is the large dot.

Niutech Technology competitors and peer comparison

How Niutech Technology compares with its peers

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.

Niutech Technology against its 20 peers (data as of 6 Nov 2026)
Measure	688309.SS	Peer median	Rank in peer set
1-month return	-13.2%	-6.5%	5th lowest of 21
6-month return	-10.3%	-15.3%	8th highest of 21
Distance from 52-week high	-28.6%	-31.2%	8th highest of 21
Revenue growth (TTM)	+79.2%	+7.9%	2nd highest of 21
Operating margin	25.7%	3.5%	2nd highest of 21
EV / Sales	9.9×	2.4×	2nd most expensive of 21
ROIC minus cost of capital	+3.0 pp	-3.1 pp	3rd highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Niutech Technology 688309.SS	China	$753M	-10%	+79%	26%	9.9×	n/a	n/a
Shandong Mining Machinery 002526.SZ	China	$754M	-15%	-6%	1%	2.4×	n/a	n/a
Xiamen XGMA Machinery 600815.SS	China	$756M	-36%	+21%	-21%	6.9×	n/a	n/a
Shanghai Chuangli 603012.SS	China	$738M	-12%	-17%	5%	2.2×	8.1%	+2.8%
VBG VBG-B.ST	Sweden	$734M	-16%	+5%	10%	1.4×	2.7%	+11.4%
Wetown Electric 688226.SS	China	$729M	-55%	+54%	3%	1.4×	n/a	n/a
Jinxi Axle 600495.SS	China	$728M	-6%	+19%	-1%	2.5×	22.1%	+2.6%
Hangzhou Advance Gearbox 601177.SS	China	$786M	-19%	+1%	4%	2.5×	14.5%	+4.6%
Gemac Engineering Machinery 301048.SZ	China	$801M	-8%	+7%	8%	1.4×	4.1%	+4.0%
Greenworks (Jiangsu) 301260.SZ	China	$804M	-35%	-1%	-8%	1.4×	n/a	n/a
Manitowoc MTW	United States	$808M	-3%	+9%	3%	0.5×	11.2%	+9.2%
Jianglong Shipbuilding 300589.SZ	China	$699M	-25%	-9%	-12%	5.5×	n/a	n/a
Endur ENDUR.OL	Norway	$696M	+7%	+88%	5%	1.0×	8.8%	+88.7%
Power HF 605100.SS	China	$816M	-35%	+17%	2%	5.8×	n/a	n/a
Astec Industries ASTE	United States	$822M	-33%	+19%	5%	0.7×	9.5%	+6.6%
Chengdu Xiling Power Science & Technology 300733.SZ	China	$831M	-9%	+4%	3%	3.1×	n/a	n/a
Ajax Engineering AJAXENGG.NS	India	$676M	+1%	+1%	12%	3.0×	25.4%	+23.2%
Douglas Dynamics PLOW	United States	$839M	-20%	+23%	13%	1.5×	5.6%	+6.4%
engcon ENGCON-B.ST	Sweden	$876M	-13%	+16%	16%	4.2×	7.0%	+11.9%
Knowledge Marine & Engineering Works KMEW.NS	India	$876M	+44%	+57%	40%	25.6×	n/a	n/a
CSBC Corp. Taiwan 2208.TW	Taiwan	$642M	-18%	-15%	-5%	2.9×	n/a	n/a

Questions

Which companies are Niutech Technology's closest peers?: The cockpit's peer set: Shandong Mining Machinery (002526.SZ), Xiamen XGMA Machinery (600815.SS), Shanghai Chuangli (603012.SS), VBG (VBG-B.ST), Wetown Electric (688226.SS), Jinxi Axle (600495.SS), Hangzhou Advance Gearbox (601177.SS), Gemac Engineering Machinery (301048.SZ).
Is Niutech Technology expensive compared with its peers?: On ev / sales it trades at 9.9× against a peer median of 2.4×, 2nd most expensive of 21 in its peer set.
How has Niutech Technology stock performed?: Over six months to 6 Nov 2026 the shares returned -10.3% against -15.3% for the median peer; over one year +148.9%.