Employees: 560
Size Beijing Tieke Shougang Railway-Tech (688569.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $606M, the 3392nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.18 on 6 Nov 2026.
Performance Over six months the shares fell 5.2%, against -18.6% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 23.7% over the last twelve months (peer median -1.2%); the operating margin is 22.4% (peer median 4.0%).
Valuation It trades at 16.1× forward earnings against a peer median of 16.1× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (7.4% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.49B | CN¥1.27B | CN¥1.40B | CN¥1.63B | CN¥1.33B |
| Revenue growth | — | -9% | -14% | +22% | — |
| Gross profit | CN¥679M | CN¥493M | CN¥505M | CN¥642M | CN¥454M |
| EBITDA | n/a | CN¥346M | CN¥368M | CN¥466M | CN¥337M |
| Net income | CN¥235M | CN¥171M | CN¥214M | CN¥291M | CN¥237M |
| Free cash flow | CN¥274M | CN¥68.2M | CN¥232M | CN¥364M | -CN¥34.1M |
| Capital expenditure | CN¥55.8M | CN¥98.4M | CN¥70.4M | CN¥108M | CN¥197M |
| Total debt | CN¥66.3M | CN¥66.3M | CN¥67.3M | CN¥95.3M | CN¥117M |
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| Measure | 688569.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.0% | -7.4% | 3rd highest of 21 |
| 6-month return | -5.2% | -18.6% | 4th highest of 21 |
| Distance from 52-week high | -17.2% | -32.1% | 3rd highest of 21 |
| Revenue growth (TTM) | +23.7% | -1.2% | 4th highest of 21 |
| Operating margin | 22.4% | 4.0% | 2nd highest of 21 |
| Forward P/E | 16.1× | 16.1× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -2.0% | 8.8% | 3rd least demanding of 14 |
| Growth delivered (Del g) | +0.8% | +2.6% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | -2.7 pp | +3.4 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | +1.9 pp | -1.9 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Tieke Shougang Railway-Tech 688569.SS | China | $606M | -5% | +24% | 22% | 16.1× | -2.0% | +0.8% |
| Shaanxi Construction Machinery 600984.SS | China | $611M | -24% | -4% | -61% | n/a | 6.9% | -8.6% |
| Songz Automobile Air Conditioning 002454.SZ | China | $596M | -36% | +7% | 4% | 16.1× | n/a | n/a |
| Ponsse PON1V.HE | Finland | $595M | -15% | -3% | 4% | 19.2× | n/a | n/a |
| Weihai Guangtai Airport Equipment 002111.SZ | China | $620M | -29% | +11% | 6% | 14.7× | 5.8% | +2.4% |
| Chengdu Xinzhu Road & Bridge Machinery 002480.SZ | China | $620M | -18% | -21% | -4% | n/a | 12.5% | -8.7% |
| Hangzhou Huning Elevator Parts 300669.SZ | China | $591M | -36% | -2% | 1% | n/a | 50.1% | -1.7% |
| Balu Forge Industries BALUFORGE.NS | India | $624M | -10% | +31% | 26% | 15.9× | n/a | n/a |
| Beijing Tianma Intelligent Control Technology 688570.SS | China | $628M | -22% | -5% | -1% | 44.5× | 14.1% | +6.8% |
| CSBC Corp. Taiwan 2208.TW | Taiwan | $642M | -18% | -15% | -5% | n/a | n/a | n/a |
| Eurocrane (China) 603966.SS | China | $557M | -32% | -3% | 9% | n/a | 1.2% | +14.0% |
| Tianjin Keyvia Electric 300407.SZ | China | $549M | -20% | +13% | 2% | n/a | -1.6% | +6.6% |
| Ajax Engineering AJAXENGG.NS | India | $676M | +1% | +1% | 12% | 24.3× | 25.4% | +23.2% |
| Nanjing Railway New Technology 301016.SZ | China | $542M | -28% | -1% | 18% | n/a | 19.2% | -3.9% |
| Japan Engine 6016.T | Japan | $532M | -19% | -2% | 20% | 15.5× | n/a | n/a |
| Endur ENDUR.OL | Norway | $696M | +7% | +88% | 5% | 19.2× | 8.8% | +88.7% |
| Jianglong Shipbuilding 300589.SZ | China | $699M | -25% | -9% | -12% | 42.5× | n/a | n/a |
| Inner Mongolia North Hauler Joint Stock 600262.SS | China | $510M | -18% | -3% | 8% | n/a | -13.2% | +17.5% |
| Columbus McKinnon CMCO | United States | $510M | +11% | +81% | 4% | 7.9× | n/a | n/a |
| Aichi 6345.T | Japan | $507M | -11% | +2% | 11% | 11.9× | -5.3% | +0.1% |
| Jinxi Axle 600495.SS | China | $728M | -6% | +19% | -1% | n/a | 22.1% | +2.6% |