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Employees: 1,631
Size Zhejiang He Chuan Technology (688320.SS) is a China Industrials company (Wholesale Distributors) with a market value of $638M, the 3273rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥28.65 on 6 Nov 2026.
Performance Over six months the shares fell 15.1%, against -5.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 44.7% over the last twelve months (peer median +4.9%); the operating margin is -10.1% (peer median 5.3%).
Valuation It trades at 46.2× forward earnings against a peer median of 13.2× (most expensive of 14).
Capital Return on invested capital runs 17.6 points below its cost of capital (11.2% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.21B | CN¥1.01B | CN¥809M | CN¥1.11B | CN¥942M |
| Revenue growth | — | +25% | -27% | +18% | — |
| Gross profit | CN¥259M | CN¥198M | CN¥190M | CN¥312M | CN¥274M |
| EBITDA | -CN¥49.8M | -CN¥105M | -CN¥132M | CN¥52.6M | CN¥88.1M |
| Net income | -CN¥69.2M | -CN¥130M | -CN¥165M | CN¥53.6M | CN¥90.4M |
| Free cash flow | -CN¥29.9M | -CN¥29.7M | -CN¥167M | -CN¥280M | -CN¥485M |
| Capital expenditure | CN¥36.2M | CN¥37.1M | CN¥95.7M | CN¥234M | CN¥243M |
| Total debt | CN¥312M | CN¥253M | CN¥323M | CN¥200M | CN¥206M |
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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 | 688320.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.2% | -2.8% | 4th lowest of 21 |
| 6-month return | -15.1% | -5.1% | 9th lowest of 21 |
| Distance from 52-week high | -35.2% | -22.8% | 7th lowest of 21 |
| Revenue growth (TTM) | +44.7% | +4.9% | highest of 21 |
| Operating margin | -10.1% | 5.3% | 3rd lowest of 21 |
| Forward P/E | 46.2× | 13.2× | most expensive of 14 |
| ROIC minus cost of capital | -17.6 pp | -0.4 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang He Chuan Technology 688320.SS | China | $638M | -15% | +45% | -10% | 46.2× | n/a | n/a |
| Doman Building Materials DBM.TO | Canada | $633M | -1% | +2% | 5% | 13.6× | 2.0% | +14.1% |
| Thermador Groupe THEP.PA | France | $646M | -9% | +8% | 12% | 11.7× | -2.4% | +4.9% |
| Tachibana Eletech 8159.T | Japan | $629M | +43% | +10% | 4% | 12.2× | 3.0% | +7.1% |
| Shanghai Bloom Technology 603325.SS | China | $628M | -19% | -34% | 14% | n/a | n/a | n/a |
| Momentum MMGR-B.ST | Sweden | $650M | +14% | +6% | 10% | 29.4× | 3.8% | +21.2% |
| Wakita & 8125.T | Japan | $621M | +4% | +4% | 6% | n/a | 0.1% | +4.7% |
| ADENTRA ADEN.TO | Canada | $610M | +2% | +1% | 4% | 9.1× | -0.4% | +20.3% |
| Meier Tobler MTG.SW | Switzerland | $610M | +41% | +2% | 4% | 22.6× | 5.5% | +0.4% |
| Lubair Aviation Technology 001316.SZ | China | $672M | -25% | +32% | 20% | 17.5× | -0.8% | +11.0% |
| Guomai Culture & Media 301052.SZ | China | $603M | +26% | -34% | -19% | 29.4× | n/a | n/a |
| Alligo ALLIGO-B.ST | Sweden | $600M | -15% | +5% | 6% | 13.2× | 0.5% | +9.7% |
| Tianjin TEDA Resources Recycling 000652.SZ | China | $683M | -27% | -66% | 3% | n/a | n/a | n/a |
| Hunan Heshun Petroleum 603353.SS | China | $684M | -38% | -10% | -2% | n/a | n/a | n/a |
| Seika 8061.T | Japan | $594M | -13% | +12% | 8% | 12.2× | 4.2% | +8.6% |
| CITIC Niya Wine 600084.SS | China | $701M | -22% | +5% | -17% | n/a | n/a | n/a |
| CITIC Metal 601061.SS | China | $706M | -32% | +19% | 1% | 12.4× | -22.1% | +13.0% |
| Vulcan Steel VSL.AX | Australia | $573M | -1% | +15% | 6% | 26.1× | 16.3% | +8.0% |
| Gifore Agricultural Science & Technology Service 300022.SZ | China | $571M | -21% | +8% | 0% | n/a | 39.8% | +2.1% |
| Central Automotive Products 8117.T | Japan | $716M | +7% | +14% | 24% | 11.2× | -3.4% | +11.1% |
| Soft99 4464.T | Japan | $562M | +11% | +5% | 14% | n/a | 1.9% | +3.1% |