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Chinese maker of laser processing equipment used to cut and weld components for EV batteries and solar cells.
Chinese maker of laser processing equipment used to cut and weld components for EV batteries and solar cells.
Sells laser cutting and welding lines to battery and solar factories as capital equipment, with revenue recognised after customer acceptance, so income follows its customers' capacity-building cycles and softens when they pause expansion.
Moat: narrow (process know-how, customer qualification). Precision laser-process qualification with battery/solar manufacturers takes time to displace.
Headquarters: Shenzhen, China · Employees: 6,716
Size Hymson Laser Technology (688559.SS) is a China Industrials company (Industrial Machinery) with a market value of $1.41B, the 1715th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.49 on 6 Nov 2026.
Performance Over six months the shares fell 34.3%, against -25.6% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 78.2% over the last twelve months (peer median +12.1%); the operating margin is 1.1% (peer median 9.2%).
Valuation It trades at 22.0× forward earnings against a peer median of 27.2× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.5 points below its cost of capital (9.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.42B | CN¥4.21B | CN¥4.51B | CN¥4.78B | CN¥4.08B |
| Revenue growth | — | -7% | -6% | +17% | — |
| Gross profit | CN¥1.70B | CN¥775M | CN¥885M | CN¥1.26B | CN¥1.20B |
| EBITDA | n/a | -CN¥733M | -CN¥47.2M | CN¥371M | CN¥422M |
| Net income | CN¥166M | -CN¥880M | -CN¥163M | CN¥322M | CN¥380M |
| Free cash flow | CN¥2.05B | CN¥267M | -CN¥1.12B | -CN¥1.50B | CN¥180M |
| Capital expenditure | CN¥500M | CN¥538M | CN¥410M | CN¥508M | CN¥314M |
| Total debt | CN¥3.35B | CN¥4.70B | CN¥4.20B | CN¥3.55B | CN¥2.35B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hymson Laser Technology 688559.SS | $1.41B | -34% | +78% | 1% | 22.0× | 11.9% |
| Han's Laser Technology Industry 002008.SZ | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
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 | 688559.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.9% | -12.2% | 7th lowest of 20 |
| 6-month return | -34.3% | -25.6% | 6th lowest of 20 |
| Distance from 52-week high | -55.0% | -51.0% | 10th lowest of 20 |
| Revenue growth (TTM) | +78.2% | +12.1% | highest of 20 |
| Operating margin | 1.1% | 9.2% | 4th lowest of 20 |
| Forward P/E | 22.0× | 27.2× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 11.9% | 16.3% | 4th least demanding of 10 |
| Growth delivered (Del g) | +26.3% | +8.6% | highest of 10 |
| Hurdle (Req g minus delivered) | -14.3 pp | +9.5 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | -5.5 pp | +0.2 pp | 6th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hymson Laser Technology 688559.SS | China | $1.41B | -34% | +78% | 1% | 22.0× | 11.9% | +26.3% |
| Guangdong Huicheng Vacuum Technology 301392.SZ | China | $1.41B | -25% | +48% | 7% | n/a | n/a | n/a |
| Wasion 3393.HK | Hong Kong | $1.43B | -59% | +22% | 16% | 8.0× | -11.3% | +19.7% |
| Test Research 3030.TW | Taiwan | $1.44B | -51% | +32% | 40% | n/a | -2.5% | +11.3% |
| Zhuzhou Huarui Precision Cutting Tools 688059.SS | China | $1.44B | -33% | +23% | 36% | 18.1× | n/a | n/a |
| Sunrise Energy Metals SRL.AX | Australia | $1.38B | -16% | n/a | n/a | n/a | n/a | n/a |
| Jiangsu Guomao Reducer 603915.SS | China | $1.37B | -11% | +11% | 9% | 28.4× | 16.3% | +4.0% |
| Topoint Technology 8021.TW | Taiwan | $1.37B | -28% | +49% | 21% | 27.2× | n/a | n/a |
| Suzhou Veichi Electric 688698.SS | China | $1.37B | -38% | +20% | 7% | 36.4× | n/a | n/a |
| Qinchuan Machine Tool & Tool Group Share 000837.SZ | China | $1.46B | -14% | +8% | -4% | 105.7× | n/a | n/a |
| Hongyuan Green Energy 603185.SS | China | $1.46B | -34% | +14% | -15% | 51.1× | n/a | n/a |
| Kirloskar Brothers KIRLOSBROS.NS | India | $1.37B | -8% | +11% | 9% | n/a | 33.9% | +10.8% |
| Shenzhen Qiangrui Precision Technology 301128.SZ | China | $1.46B | -47% | +56% | 10% | n/a | n/a | n/a |
| Goodwin GDWN.L | United Kingdom | $1.46B | +16% | +2% | 13% | n/a | 47.7% | -12.1% |
| LU-VE LUVE.MI | Italy | $1.47B | -13% | +8% | 10% | 25.0× | 14.5% | +8.6% |
| Crompton Greaves Consumer Electricals CROMPTON.NS | India | $1.47B | -26% | +12% | 8% | 23.6× | 20.5% | +11.0% |
| Interroll INRN.SW | Switzerland | $1.47B | -11% | +2% | 13% | 20.6× | 1.4% | -0.6% |
| Chongqing Zaisheng Technology 603601.SS | China | $1.35B | -50% | -6% | 1% | 158.2× | 39.7% | -7.5% |
| Ningbo Donly 002164.SZ | China | $1.49B | +49% | +5% | 5% | n/a | n/a | n/a |
| PowerTECH 301369.SZ | China | $1.34B | -26% | +56% | 3% | n/a | n/a | n/a |
| Bonfiglioli Transmissions BONFIG.NS | India | $1.33B | n/a | +9% | 16% | n/a | n/a | n/a |