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Employees: 3,219
Size Qingdao Gaoce Technology (688556.SS) is a China Industrials company (Industrial Machinery) with a market value of $922M, the 2465th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.40 on 6 Nov 2026.
Performance Over six months the shares fell 44.6%, against -14.7% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 4.6% over the last twelve months (peer median +11.2%); the operating margin is -17.2% (peer median 6.9%).
Valuation It trades at 2.0× enterprise value to sales against a peer median of 3.0× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +37%, so the hurdle is -29 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.3 points below its cost of capital (10.2% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.63B | CN¥3.64B | CN¥4.45B | CN¥6.15B | CN¥3.56B |
| Revenue growth | — | -18% | -28% | +73% | — |
| Gross profit | CN¥681M | CN¥475M | CN¥792M | CN¥2.52B | CN¥1.45B |
| EBITDA | n/a | CN¥415M | CN¥216M | CN¥1.83B | CN¥960M |
| Net income | -CN¥518M | -CN¥40.6M | -CN¥44.2M | CN¥1.46B | CN¥789M |
| Free cash flow | CN¥434M | -CN¥415M | -CN¥1.51B | CN¥918M | CN¥24.8M |
| Capital expenditure | CN¥44.7M | CN¥92.5M | CN¥285M | CN¥297M | CN¥203M |
| Total debt | CN¥2.37B | CN¥2.85B | CN¥2.68B | CN¥2.76B | CN¥1.91B |
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 | 688556.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.2% | -5.7% | 4th highest of 21 |
| 6-month return | -44.6% | -14.7% | 5th lowest of 20 |
| Distance from 52-week high | -60.2% | -38.6% | 4th lowest of 21 |
| Revenue growth (TTM) | +4.6% | +11.2% | 9th lowest of 21 |
| Operating margin | -17.2% | 6.9% | 3rd lowest of 21 |
| EV / Sales | 2.0× | 3.0× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 8.8% | 10.2% | 6th least demanding of 11 |
| Growth delivered (Del g) | +37.4% | +14.4% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | -28.7 pp | -0.5 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | -14.3 pp | -2.8 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Gaoce Technology 688556.SS | China | $922M | -45% | +5% | -17% | 2.0× | 8.8% | +37.4% |
| Dynamatic Technologies DYNAMATECH.NS | India | $922M | +3% | +17% | 7% | 5.2× | n/a | n/a |
| Mesnac 002073.SZ | China | $923M | -11% | +18% | 4% | 0.6× | -3.2% | +21.6% |
| Galilei 6420.T | Japan | $925M | -3% | +4% | 13% | 0.7× | n/a | n/a |
| Tianjin Motor Dies 002510.SZ | China | $918M | -10% | +5% | -1% | 2.8× | 33.8% | +12.2% |
| Graham GHM | United States | $916M | -21% | +21% | 7% | 3.4× | n/a | n/a |
| Kitz 6498.T | Japan | $915M | -21% | +8% | 8% | 0.9× | 4.3% | +9.5% |
| Shanghai SK Automation Technology 688155.SS | China | $936M | -53% | +56% | 15% | 1.8× | 5.3% | +43.3% |
| Unimech Aerospace & Manufacturing UNIMECH.NS | India | $937M | +63% | +40% | 27% | 25.4× | n/a | n/a |
| Shenzhen Dobot 2432.HK | Hong Kong | $937M | -50% | +67% | -33% | 6.8× | n/a | n/a |
| Banco Products (India) BANCOINDIA.NS | India | $905M | -7% | +22% | 14% | 2.1× | 24.8% | +20.6% |
| Shanghai Seer Intelligent Technology 6106.HK | Hong Kong | $940M | n/a | +30% | -12% | 13.3× | n/a | n/a |
| Jiangyin Hengrun Heavy Industries 603985.SS | China | $942M | -45% | -20% | 9% | 2.6× | n/a | n/a |
| Sinoseal 300470.SZ | China | $903M | -18% | +1% | 20% | 3.1× | -0.7% | +13.9% |
| Trican Well Service TCW.TO | Canada | $899M | -10% | +15% | 14% | 1.1× | -11.5% | +22.5% |
| Zhejiang Jinggong Integration Technology 002006.SZ | China | $946M | -31% | -12% | 5% | 3.7× | 28.8% | +9.6% |
| SUSS MicroTec SMHN.DE | Germany | $948M | -53% | -15% | 9% | 1.8× | 24.2% | +14.8% |
| Zhejiang Taitan 003036.SZ | China | $953M | -10% | +14% | 2% | 3.9× | n/a | n/a |
| KraussMaffei 600579.SS | China | $888M | -15% | -22% | 0% | 2.2× | n/a | n/a |
| Shanghai Shibei Hi-Tech 600604.SS | China | $960M | -13% | -26% | 4% | 8.6× | 15.1% | -1.7% |
| Jin Tong Ling Technology 300091.SZ | China | $882M | -36% | -40% | -72% | 7.5× | n/a | n/a |