Employees: 410
Size Jiangsu Maixinlin Aviation Science and Technology (688685.SS) is a China Industrials company (Aerospace & Defense) with a market value of $620M, the 3343rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥28.16 on 6 Nov 2026.
Performance Over six months the shares fell 42.1%, against -31.4% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 36.4% over the last twelve months (peer median +13.5%); the operating margin is -18.1% (peer median 6.0%).
Valuation It trades at 21.2× forward earnings against a peer median of 31.2× (6th cheapest of 12).
Capital Return on invested capital runs 5.1 points below its cost of capital (8.5% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥392M | CN¥457M | CN¥473M | CN¥293M | CN¥322M |
| Revenue growth | — | -3% | +61% | -9% | — |
| Gross profit | CN¥184M | CN¥129M | CN¥167M | CN¥72.9M | CN¥93.8M |
| EBITDA | n/a | CN¥166M | CN¥124M | CN¥44.4M | CN¥70.2M |
| Net income | -CN¥34.1M | CN¥17.6M | CN¥45.5M | CN¥15.2M | CN¥42.5M |
| Free cash flow | -CN¥122M | -CN¥77.1M | -CN¥830M | -CN¥150M | -CN¥14.2M |
| Capital expenditure | CN¥631M | CN¥759M | CN¥614M | CN¥176M | CN¥76.6M |
| Total debt | CN¥1.65B | CN¥1.45B | CN¥886M | CN¥53.9M | CN¥84.0M |
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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 | 688685.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.9% | -10.7% | 6th lowest of 21 |
| 6-month return | -42.1% | -31.4% | 6th lowest of 21 |
| Distance from 52-week high | -58.2% | -48.9% | 8th lowest of 21 |
| Revenue growth (TTM) | -36.4% | +13.5% | lowest of 20 |
| Operating margin | -18.1% | 6.0% | 5th lowest of 20 |
| Forward P/E | 21.2× | 31.2× | 6th cheapest of 12 |
| ROIC minus cost of capital | -5.1 pp | -5.3 pp | 10th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Maixinlin Aviation Science and Technology 688685.SS | China | $620M | -42% | -36% | -18% | 21.2× | n/a | n/a |
| Eve EVEX | United States | $645M | -43% | n/a | n/a | n/a | n/a | n/a |
| Sun-Create Electronics 600990.SS | China | $669M | -28% | -13% | -30% | 57.1× | 35.7% | -15.1% |
| Beijing Navigation Control Technology 688282.SS | China | $564M | -42% | -4% | -26% | n/a | n/a | n/a |
| Xi'An Tian He Defense Technology 300397.SZ | China | $713M | -28% | +69% | -5% | 31.7× | n/a | n/a |
| Satellogic SATL | United States | $535M | -54% | +369% | -67% | n/a | n/a | n/a |
| Shinmaywa Industries,Ltd 7224.T | Japan | $721M | -32% | +12% | 6% | n/a | -5.6% | +6.4% |
| Chengdu ALD Aviation Manufacturing 300696.SZ | China | $733M | -58% | -18% | -12% | 79.0× | n/a | n/a |
| Shandong Senter Electronic 001388.SZ | China | $742M | -16% | +5% | 6% | n/a | 21.1% | +17.7% |
| Park Aerospace PKE | United States | $515M | -30% | +28% | 21% | 31.2× | 4.8% | +9.6% |
| Figeac Aero FGA.PA | France | $506M | -3% | +13% | 6% | 20.5× | 14.7% | +18.9% |
| Nippon Avionics 6946.T | Japan | $505M | -26% | +45% | 21% | 12.8× | n/a | n/a |
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 38.6× | 41.9% | +18.2% |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 18.5× | n/a | n/a |
| Tokyo Keiki 7721.T | Japan | $494M | -37% | +5% | 9% | 14.1× | n/a | n/a |
| TAT Technologies TATT | United States | $481M | +2% | +14% | 11% | 20.6× | 16.8% | +18.8% |
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | n/a | n/a | n/a |
| Chengdu Lihang Technology 603261.SS | China | $458M | +19% | +35% | -52% | n/a | n/a | n/a |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | n/a | n/a | n/a |
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 90.2× | 36.9% | -1.1% |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | n/a | 38.8% | +12.9% |