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Chinese industrial/materials company; specific product line not confidently known.
Chinese industrial/materials company; specific product line not confidently known.
Moat: none
Headquarters: China · Employees: 5,408
Size Freewon China (688678.SS) is a China Industrials company (Metal Fabrication) with a market value of $1.41B, the 1721st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.54 on 6 Nov 2026.
Performance Over six months the shares fell 13.4%, against -27.9% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 32.6% over the last twelve months (peer median +12.7%); the operating margin is 6.2% (peer median 8.2%).
Valuation It trades at 19.6× forward earnings against a peer median of 40.5× (3rd cheapest of 16).
Capital Return on invested capital runs 0.3 points above its cost of capital (13.8% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.33B | CN¥1.96B | CN¥1.28B | CN¥988M | CN¥926M |
| Revenue growth | — | +53% | +30% | +7% | — |
| Gross profit | CN¥688M | CN¥398M | CN¥275M | CN¥253M | CN¥280M |
| EBITDA | n/a | CN¥289M | CN¥216M | CN¥216M | CN¥209M |
| Net income | CN¥91.4M | CN¥55.2M | CN¥54.5M | CN¥88.5M | CN¥162M |
| Free cash flow | -CN¥85.2M | -CN¥341M | -CN¥488M | -CN¥206M | -CN¥263M |
| Capital expenditure | CN¥415M | CN¥356M | CN¥551M | CN¥378M | CN¥494M |
| Total debt | CN¥827M | CN¥1.50B | CN¥1.33B | CN¥1.24B | CN¥355M |
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 | 688678.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.8% | -8.2% | lowest of 21 |
| 6-month return | -13.4% | -27.9% | 8th highest of 21 |
| Distance from 52-week high | -38.9% | -47.8% | 8th highest of 21 |
| Revenue growth (TTM) | +32.6% | +12.7% | 4th highest of 21 |
| Operating margin | 6.2% | 8.2% | 8th lowest of 21 |
| Forward P/E | 19.6× | 40.5× | 3rd cheapest of 16 |
| ROIC minus cost of capital | +0.3 pp | -3.5 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Freewon China 688678.SS | China | $1.41B | -13% | +33% | 6% | 19.6× | n/a | n/a |
| Riyue Heavy Industry 603218.SS | China | $1.41B | -28% | -17% | 5% | 24.6× | 5.0% | +4.1% |
| Richelieu Hardware RCH.TO | Canada | $1.48B | -2% | +7% | 7% | 20.5× | 5.7% | +11.7% |
| Wuxi Paike New Materials and Technology 605123.SS | China | $1.34B | -31% | +23% | 8% | 22.0× | n/a | n/a |
| Ramkrishna Forgings RKFORGE.NS | India | $1.34B | +12% | +25% | 9% | 46.9× | n/a | n/a |
| HENGHUI Technology 301678.SZ | China | $1.53B | -28% | +10% | 8% | n/a | n/a | n/a |
| Shenzhen Vital New Material 301319.SZ | China | $1.53B | +15% | +34% | 5% | 82.0× | n/a | n/a |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 22.8× | 23.1% | +12.0% |
| Luoyang Xinqianglian Slewing Bearing 300850.SZ | China | $1.54B | -42% | +10% | 21% | 11.1× | n/a | n/a |
| Essence Fastening Systems (Shanghai) 301005.SZ | China | $1.54B | -55% | +17% | 0% | n/a | n/a | n/a |
| Suzhou UIGreen Micro&Nano Technologies 688661.SS | China | $1.55B | -44% | -7% | -3% | 44.2× | n/a | n/a |
| Hunan Boyun New Materials 002297.SZ | China | $1.25B | -41% | +37% | 15% | n/a | n/a | n/a |
| Guangdong Xianglu Tungsten 002842.SZ | China | $1.23B | -38% | +126% | 15% | n/a | n/a | n/a |
| Shanghai Unison Aluminium Products 603418.SS | China | $1.23B | -18% | +26% | 11% | n/a | n/a | n/a |
| Changzhou Nrb 002708.SZ | China | $1.63B | +50% | +29% | 1% | 74.0× | n/a | n/a |
| Qingdao Yunlu Advanced Materials Technology 688190.SS | China | $1.22B | -17% | -2% | 12% | 21.9× | 20.5% | +21.5% |
| Azad Engineering AZAD.NS | India | $1.66B | +8% | +29% | 28% | 91.6× | n/a | n/a |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 7.8× | n/a | n/a |
| Dongguan Eontec 300328.SZ | China | $1.18B | -37% | +9% | -9% | 569.5× | n/a | n/a |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 40.5× | 42.7% | +21.2% |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |