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Employees: 869
Size Nanjing LES Information Technology (688631.SS) is a China Industrials company (Aerospace & Defense) with a market value of $863M, the 2594th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥35.19 on 6 Nov 2026.
Performance Over six months the shares fell 37.7%, against -26.1% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue fell 31.5% over the last twelve months (peer median +13.6%); the operating margin is -4.6% (peer median 6.3%).
Valuation It trades at 90.2× forward earnings against a peer median of 31.7× (most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +38 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 11.4 points below its cost of capital (10.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥968M | CN¥1.27B | CN¥1.60B | CN¥1.67B | CN¥1.57B |
| Revenue growth | — | -21% | -4% | +6% | — |
| Gross profit | CN¥357M | CN¥375M | CN¥449M | CN¥446M | CN¥413M |
| EBITDA | n/a | CN¥34.1M | CN¥83.7M | CN¥102M | CN¥107M |
| Net income | CN¥24.3M | CN¥55.3M | CN¥129M | CN¥132M | CN¥89.5M |
| Free cash flow | CN¥64.8M | -CN¥239M | CN¥41.3M | CN¥67.3M | CN¥51.7M |
| Capital expenditure | CN¥17.9M | CN¥36.3M | CN¥55.0M | CN¥17.1M | CN¥6.51M |
| Total debt | CN¥24.3M | CN¥37.0M | CN¥55.2M | CN¥55.7M | CN¥293M |
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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 | 688631.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | -6.2% | 8th highest of 20 |
| 6-month return | -37.7% | -26.1% | 8th lowest of 20 |
| Distance from 52-week high | -59.7% | -47.5% | 6th lowest of 20 |
| Revenue growth (TTM) | -31.5% | +13.6% | lowest of 21 |
| Operating margin | -4.6% | 6.3% | 8th lowest of 21 |
| Forward P/E | 90.2× | 31.7× | most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 36.9% | 21.1% | 4th most demanding of 8 |
| Growth delivered (Del g) | -1.1% | +12.9% | lowest of 8 |
| Hurdle (Req g minus delivered) | +38.0 pp | +3.4 pp | most demanding of 8 |
| ROIC minus cost of capital | -11.4 pp | -5.7 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 90.2× | 36.9% | -1.1% |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | n/a | n/a | n/a |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | n/a | 38.8% | +12.9% |
| 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 |
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | n/a | n/a | n/a |
| Avon Technologies AVON.L | United Kingdom | $933M | +45% | +5% | 12% | 22.8× | 16.3% | +7.4% |
| Streamax Technology 002970.SZ | China | $951M | -51% | +3% | 11% | 12.3× | n/a | n/a |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 18.5× | n/a | n/a |
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 38.6× | 41.9% | +18.2% |
| Vincorion V1NC.DE | Germany | $982M | -5% | +18% | 12% | 24.6× | 38.0% | +47.5% |
| 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 |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | n/a | 8.3% | +7.4% |
| 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 |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 85.7× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 57.5× | n/a | n/a |
| Electro Optic Systems EOS.AX | Australia | $1.08B | -18% | +225% | -7% | 43.9× | n/a | n/a |
| Shaanxi Zhongtian Rocket Technology 003009.SZ | China | $1.10B | -26% | +42% | -6% | n/a | n/a | n/a |