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← CockpitCompetitor Analysis › 688433.SS Farsoon Technologies Co., Ltd. Class AOpen in the cockpit ↗

Farsoon Technologies Co., Ltd. Class A688433.SSCompetitor analysis, valuation and peers

China · CNY·Industrials›Wholesale Distributors

Chinese maker of industrial 3D printers using laser powder-bed fusion for plastics and metals.

≈ A Chinese EOS/3D Systems for industrial additive manufacturingMomentum weak 23
Mkt cap
$3.76B
US dollars, full cap
Free float
28%
of shares outstanding
$/day
$49.1M
20-day average traded
Fwd P/E
234.8×
forward earnings
ROIC−WACC
-13.4 pp
WACC 16.1%
Hurdle
n/a
no reverse DCF
Next earnings
168 days
23 Apr 2027
Close · CNYCN¥60.27
1D-2.6%
1W+14.9%
1M-20.1%
3M-12.6%
6M-24.0%
YTD-8.9%
1Y+23.0%
ATR %8.7%
52w lowhigh53.6% off high

What Farsoon Technologies does

Chinese maker of industrial 3D printers using laser powder-bed fusion for plastics and metals.

Is paid mainly for machines, a one-off sale per system, so orders are lumpy and follow customers' investment cycles, with smaller recurring income from powders, spare parts and servicing. It sells overseas through subsidiaries in North America, Europe and Asia, and makes systems for both polymer and metal printing.

In one line: A Chinese EOS/3D Systems for industrial additive manufacturing.

Products and services

  • Polymer laser-sintering printers
  • Metal laser-melting printers
  • Printing materials/powders

Customers

  • Aerospace, auto & industrial manufacturers

Where it sits in the supply chain

  • Industrials
  • Additive manufacturing
  • Industrial 3D printers (laser…

What could go right

  • Industrial 3D-printing adoption growth
  • Aerospace/auto lightweighting demand

What could go wrong

  • Adoption still niche versus traditional manufacturing
  • Capital-intensive customer purchases

Moat: narrow (IP / patents, process know-how). Proprietary laser-sintering technology and large build-volume systems differentiate it from smaller rivals.

Headquarters: Changsha, China · Founded: 2009 · Employees: 737

Named competitors

Farsoon Technologies at a glance

Size Farsoon Technologies (688433.SS) is a China Industrials company (Wholesale Distributors) with a market value of $3.76B, the 686th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥60.27 on 6 Nov 2026.

Performance Over six months the shares fell 24.0%, against -2.3% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 51.8% over the last twelve months (peer median +9.6%); the operating margin is 4.7% (peer median 6.5%).

Valuation It trades at 234.8× forward earnings against a peer median of 17.1× (most expensive of 20).

Capital Return on invested capital runs 13.4 points below its cost of capital (16.1% WACC).

Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026Peer median 98688433.SS 76
Six months, rebased to 100: Farsoon Technologies against the median of its 20 peers (local-currency closes).

Farsoon Technologies financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥827MCN¥714MCN¥490MCN¥603MCN¥455M
Revenue growth—+46%-19%+33%—
Gross profitCN¥384MCN¥289MCN¥220MCN¥298MCN¥231M
EBITDAn/aCN¥73.6MCN¥49.6MCN¥126MCN¥99.0M
Net incomeCN¥74.0MCN¥69.0MCN¥67.2MCN¥131MCN¥99.2M
Free cash flow-CN¥155M-CN¥17.0M-CN¥212M-CN¥166M-CN¥9.16M
Capital expenditureCN¥119MCN¥97.6MCN¥246MCN¥151MCN¥107M
Total debtCN¥256MCN¥136MCN¥73.0MCN¥76.6MCN¥67.1M

Quarterly statements and history in the cockpit →

Farsoon Technologies 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

-20%0%+20%-20%0%600704GEIRUI3132RUS8012GRGDRS1SITEINCH002245001386808844306008117564BUFABBCCDNOWOEM-B688433.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Farsoon Technologies is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%0×100×200×600704GEIRUI3132RUS8012GRGDRS1002245BUFABDNOW688433.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Farsoon Technologies is the large dot.

Farsoon Technologies competitors and peer comparison

Head to head with its named competitors (688433.SS vs DDD vs SSYS vs 688333.SS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Farsoon Technologies 688433.SS$3.76B-24%+52%5%234.8×n/a
3D Systems DDDn/a-29%n/an/an/an/a
Stratasys SSYS$565M-25%-3%-14%45.9×n/a
Xi'an Bright Laser Technologies 688333.SS$3.22B-11%+12%6%69.2×n/a
Nano Dimension Ltd Sponsored ADR NNDMn/a-16%n/an/an/an/a
HP Inc. HPQ$25.7B+27%+9%7%9.5×-7.0%
Velo3D VELOn/a-59%n/an/an/an/a
Nikon 7731.T$3.17B-12%-4%-2%45.4×n/a

How Farsoon Technologies 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.

Farsoon Technologies against its 20 peers (data as of 6 Nov 2026)
Measure688433.SSPeer medianRank in peer set
1-month return-20.1%-4.6%4th lowest of 21
6-month return-24.0%-2.3%4th lowest of 21
Distance from 52-week high-53.6%-22.2%lowest of 21
Revenue growth (TTM)+51.8%+9.6%2nd highest of 21
Operating margin4.7%6.5%6th lowest of 21
Forward P/E234.8×17.1×most expensive of 20
ROIC minus cost of capital-13.4 pp+1.2 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Farsoon Technologies 688433.SSChina$3.76B-24%+52%5%234.8×n/an/a
Wuchan Zhongda 600704.SSChina$3.86B0%+3%1%7.2×-2.5%+8.1%
Gibson Energy GEI.TOCanada$3.87B+13%+26%3%19.5×6.4%+16.7%
Rubis SCA RUI.PAFrance$4.10B0%+11%7%10.3×3.1%+10.9%
Macnica 3132.TJapan$3.23B+8%+35%4%11.8×n/an/a
Russel Metals RUS.TOCanada$2.98B+36%+18%5%14.4×8.7%+11.5%
Nagase & 8012.TJapan$2.96B-9%+8%5%10.9×3.5%+3.2%
Groupe Dynamite GRGD.TOCanada$4.79B-33%+37%32%17.6×22.8%n/a
RS Group PLC RS1.LUnited Kingdom$4.85B+33%-1%8%18.6×15.1%+7.5%
SiteOne Landscape Supply SITEUnited States$4.86B-7%+3%5%24.4×18.4%+11.7%
Inchcape INCH.LUnited Kingdom$2.87B-21%+7%6%7.5×-6.0%+5.9%
Jiangsu Azure 002245.SZChina$2.82B-21%+27%12%14.6×11.8%+13.8%
Marco Polo 001386.SZChina$2.80B-15%-12%21%n/a-7.2%-5.5%
IWATANI 8088.TJapan$2.73B-4%+5%5%7.6×4.3%+10.1%
Hdhms 443060.KSSouth Korea$5.28B-39%+20%16%23.0×3.0%+14.5%
Xinhua Winshare Publishing & Media 0811.HKHong Kong$2.60B-15%+1%7%6.6×-10.6%+4.7%
Workman 7564.TJapan$2.57B-31%+21%19%17.1×4.6%+8.7%
Bufab BUFAB.STSweden$2.55B+16%+8%13%29.2×18.7%+11.2%
Boise Cascade BCCUnited States$2.44B-1%+1%3%24.1×7.7%+3.2%
DNOW DNOWUnited States$2.40B+2%+70%-3%23.6×9.8%+11.7%
OEM International OEM-B.STSweden$2.34B+11%+11%15%29.9×14.6%+10.1%

Questions

Who are Farsoon Technologies's main competitors?
Named competitors: 3D Systems (DDD), Stratasys (SSYS), Bright Laser Technologies (688333.SS), Nano Dimension (NNDM), HP Inc (HPQ), Velo3D (VELO). The cockpit's measured peer set (industry) also includes Wuchan Zhongda (600704.SS), Gibson Energy (GEI.TO), Rubis SCA (RUI.PA), Macnica (3132.T), Russel Metals (RUS.TO), Nagase & (8012.T).
Is Farsoon Technologies expensive compared with its peers?
On forward p/e it trades at 234.8× against a peer median of 17.1×, most expensive of 20 in its peer set.
How has Farsoon Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -24.0% against -2.3% for the median peer; over one year +23.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.