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Employees: 716
Size Hangzhou Huaguang Advanced Welding Materials (688379.SS) is a China Industrials company (Industrial Machinery) with a market value of $567M, the 3564th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥39.80 on 6 Nov 2026.
Performance Over six months the shares fell 39.5%, against -16.7% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 18 in its peer set.
Growth Revenue grew 62.2% over the last twelve months (peer median +3.8%); the operating margin is 5.9% (peer median 6.1%).
Valuation It trades at 16.9× forward earnings against a peer median of 20.1× (4th cheapest of 8).
Capital Return on invested capital runs 4.3 points below its cost of capital (9.2% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.66B | CN¥2.56B | CN¥1.92B | CN¥1.42B | CN¥1.22B |
| Revenue growth | — | +33% | +36% | +16% | — |
| Gross profit | CN¥444M | CN¥310M | CN¥248M | CN¥167M | CN¥111M |
| EBITDA | CN¥263M | CN¥196M | CN¥150M | CN¥88.9M | CN¥38.4M |
| Net income | CN¥157M | CN¥188M | CN¥80.6M | CN¥41.6M | CN¥8.72M |
| Free cash flow | -CN¥626M | -CN¥232M | -CN¥322M | -CN¥249M | -CN¥439M |
| Capital expenditure | CN¥139M | CN¥138M | CN¥60.1M | CN¥42.3M | CN¥102M |
| Total debt | CN¥2.46B | CN¥1.59B | CN¥1.19B | CN¥852M | CN¥709M |
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| Measure | 688379.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.8% | -11.9% | 7th lowest of 20 |
| 6-month return | -39.5% | -16.7% | 3rd lowest of 18 |
| Distance from 52-week high | -59.3% | -40.7% | 4th lowest of 21 |
| Revenue growth (TTM) | +62.2% | +3.8% | highest of 20 |
| Operating margin | 5.9% | 6.1% | 10th lowest of 20 |
| Forward P/E | 16.9× | 20.1× | 4th cheapest of 8 |
| ROIC minus cost of capital | -4.3 pp | -2.2 pp | 9th lowest of 21 |
| EV / EBITDA | 21.5× | 15.2× | 3rd most expensive of 7 |
| Net debt / EBITDA | 7.2× | -0.2× | most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Huaguang Advanced Welding Materials 688379.SS | China | $567M | -39% | +62% | 6% | 16.9× | n/a | n/a |
| Noblelift Intelligent Equipment 603611.SS | China | $569M | -23% | +4% | 7% | 7.0× | -6.0% | +10.5% |
| WPG (Shanghai) Smart Water Public 603956.SS | China | $563M | +13% | -24% | -39% | n/a | n/a | n/a |
| Nantong Guosheng Intelligence Technology 688558.SS | China | $562M | -20% | +17% | 12% | 20.1× | 15.7% | +11.5% |
| Jiangsu Beiren Smart Manufacturing Technology 688218.SS | China | $562M | -5% | -10% | -10% | n/a | 21.9% | +1.6% |
| Gallant Micro Machining 6640.TWO | Taiwan | $575M | -53% | +39% | 19% | 20.1× | 8.0% | +25.1% |
| Shang Gong 600843.SS | China | $575M | -17% | +2% | -5% | n/a | n/a | n/a |
| Beijing Jingcheng Machinery Electric 0187.HK | Hong Kong | $575M | -42% | -1% | -8% | n/a | n/a | n/a |
| Hero Motors HEROMOTORS.NS | India | $578M | n/a | +9% | 6% | n/a | 37.3% | +4.0% |
| Lohia LCL.NS | India | $556M | n/a | +24% | 15% | n/a | 3.9% | +8.5% |
| Jiangsu Liba Enterprise Joint-Stock 603519.SS | China | $578M | 0% | 0% | 10% | n/a | 14.8% | +5.4% |
| Shaoyang Victor Hydraulics 301079.SZ | China | $555M | -21% | +20% | 4% | n/a | n/a | n/a |
| Schweiter Technologies SWTQ.SW | Switzerland | $581M | +19% | -12% | 4% | 15.6× | -3.5% | -4.9% |
| Zhejiang XiaSha Precision Manufacturing 001306.SZ | China | $553M | -16% | +9% | -15% | n/a | n/a | n/a |
| Jiangyin PIVOT Automotive Products 301181.SZ | China | $582M | -25% | -9% | 16% | 26.2× | 22.5% | -2.9% |
| Wuxi Delinhai Environmental Technology 688069.SS | China | $586M | -8% | +18% | 5% | 37.2× | n/a | n/a |
| Canature Health Technology 300272.SZ | China | $587M | -30% | +4% | 9% | n/a | 3.4% | +9.3% |
| Tsukishima 6332.T | Japan | $547M | -30% | +8% | 7% | 10.0× | -3.7% | +10.5% |
| Kangping Technology (Suzhou) 300907.SZ | China | $588M | +33% | +37% | 6% | n/a | n/a | n/a |
| Forge Nano NANO | United States | $545M | n/a | n/a | n/a | n/a | n/a | n/a |
| GMT Global 4573.TWO | Taiwan | $589M | -14% | -3% | -19% | n/a | n/a | n/a |