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Employees: 698
Size Wuxi Hyatech (688510.SS) is a China Industrials company (Aerospace & Defense) with a market value of $768M, the 2857th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.70 on 6 Nov 2026.
Performance Over six months the shares fell 40.8%, against -32.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue fell 4.4% over the last twelve months (peer median +4.7%); the operating margin is 12.1% (peer median -1.9%).
Valuation It trades at 38.6× forward earnings against a peer median of 26.1× (4th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 42% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.6 points below its cost of capital (11.1% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥701M | CN¥693M | CN¥702M | CN¥544M | CN¥361M |
| Revenue growth | — | -1% | +29% | +51% | — |
| Gross profit | CN¥247M | CN¥251M | CN¥264M | CN¥191M | CN¥101M |
| EBITDA | CN¥191M | CN¥179M | CN¥183M | CN¥143M | CN¥51.5M |
| Net income | CN¥92.0M | CN¥102M | CN¥127M | CN¥90.2M | CN¥20.1M |
| Free cash flow | CN¥45.9M | CN¥26.0M | CN¥14.3M | -CN¥97.4M | -CN¥178M |
| Capital expenditure | CN¥175M | CN¥154M | CN¥196M | CN¥218M | CN¥231M |
| Total debt | CN¥333M | CN¥378M | CN¥340M | CN¥203M | CN¥202M |
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.
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 | 688510.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | -6.2% | 7th lowest of 20 |
| 6-month return | -40.8% | -32.4% | 9th lowest of 20 |
| Distance from 52-week high | -61.0% | -56.1% | 6th lowest of 20 |
| Revenue growth (TTM) | -4.4% | +4.7% | 6th lowest of 20 |
| Operating margin | 12.1% | -1.9% | 4th highest of 20 |
| Forward P/E | 38.6× | 26.1× | 4th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 41.9% | 28.4% | most demanding of 9 |
| Growth delivered (Del g) | +18.2% | +7.4% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | +23.7 pp | +6.1 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | -6.6 pp | -5.4 pp | 9th lowest of 19 |
| EV / EBITDA | 27.6× | 18.0× | 3rd most expensive of 8 |
| Net debt / EBITDA | 0.6× | 0.8× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 38.6× | 41.9% | +18.2% |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 18.5× | n/a | n/a |
| Shandong Senter Electronic 001388.SZ | China | $742M | -16% | +5% | 6% | n/a | 21.1% | +17.7% |
| Chengdu ALD Aviation Manufacturing 300696.SZ | China | $733M | -58% | -18% | -12% | 79.0× | n/a | n/a |
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | n/a | n/a | n/a |
| Shinmaywa Industries,Ltd 7224.T | Japan | $721M | -32% | +12% | 6% | n/a | -5.6% | +6.4% |
| Xi'An Tian He Defense Technology 300397.SZ | China | $713M | -28% | +69% | -5% | 31.7× | n/a | n/a |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | n/a | n/a | n/a |
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 90.2× | 36.9% | -1.1% |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | n/a | 38.8% | +12.9% |
| Sun-Create Electronics 600990.SS | China | $669M | -28% | -13% | -30% | 57.1× | 35.7% | -15.1% |
| Tonbo Imaging India TONBO.NS | India | $895M | n/a | -23% | 21% | n/a | n/a | n/a |
| Kraken Robotics PNG.V | Canada | $896M | -53% | +21% | -2% | 27.6× | n/a | n/a |
| Xi'an ChenXi Aviation Technology 300581.SZ | China | $906M | -13% | 0% | -78% | n/a | n/a | n/a |
| Eve EVEX | United States | $645M | -43% | n/a | n/a | n/a | n/a | n/a |
| Avon Technologies AVON.L | United Kingdom | $933M | +45% | +5% | 12% | 22.8× | 16.3% | +7.4% |
| Jiangsu Maixinlin Aviation Science and Technology 688685.SS | China | $620M | -42% | -36% | -18% | 21.2× | n/a | n/a |
| Streamax Technology 002970.SZ | China | $951M | -51% | +3% | 11% | 12.3× | n/a | n/a |
| Vincorion V1NC.DE | Germany | $982M | -5% | +18% | 12% | 24.6× | 38.0% | +47.5% |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | n/a | 8.3% | +7.4% |
| Beijing Navigation Control Technology 688282.SS | China | $564M | -42% | -4% | -26% | n/a | n/a | n/a |