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Chinese maker of industrial automation and distributed control systems (DCS) for process industries like petrochemicals and power.
Chinese maker of industrial automation and distributed control systems (DCS) for process industries like petrochemicals and power.
Sells control systems, the computers and software that run a plant's valves and sensors, then earns service, upgrades and spare parts for years on each installed system, which makes the installed base valuable. It competes with foreign vendors that long dominated China's process plants, and has been expanding overseas.
In one line: China's Honeywell/Emerson for process automation.
Moat: narrow (customer qualification, installed base, process know-how). Installed-base lock-in at process plants makes switching control-system vendors costly.
Headquarters: Hangzhou, China · Founded: 1993 · Employees: 5,324
Size SUPCON Technology (688777.SS) is a China Industrials company (Electrical Products) with a market value of $8.58B, the 289th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥72.28 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -19.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue fell 6.3% over the last twelve months (peer median +16.7%); the operating margin is -2.7% (peer median 13.8%).
Valuation It trades at 116.4× forward earnings against a peer median of 15.0× (most expensive of 20).
Capital Return on invested capital runs 11.0 points below its cost of capital (10.0% WACC).
Next results Next results expected around 13 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.92B | CN¥8.03B | CN¥9.09B | CN¥8.58B | CN¥6.58B |
| Revenue growth | — | -12% | +6% | +30% | — |
| Gross profit | CN¥2.46B | CN¥2.36B | CN¥2.95B | CN¥2.74B | CN¥2.26B |
| EBITDA | n/a | CN¥186M | CN¥787M | CN¥612M | CN¥812M |
| Net income | CN¥155M | CN¥441M | CN¥1.12B | CN¥1.10B | CN¥798M |
| Free cash flow | -CN¥54.3M | CN¥353M | CN¥422M | CN¥178M | CN¥272M |
| Capital expenditure | CN¥197M | CN¥102M | CN¥106M | CN¥126M | CN¥157M |
| Total debt | CN¥1.93B | CN¥2.44B | CN¥1.90B | CN¥1.77B | CN¥2.07B |
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 |
|---|---|---|---|---|---|---|
| SUPCON Technology 688777.SS | $8.58B | -9% | -6% | -3% | 116.4× | n/a |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| Emerson Electric EMR | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
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 | 688777.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -8.0% | 11th highest of 21 |
| 6-month return | -8.8% | -19.9% | 6th highest of 19 |
| Distance from 52-week high | -44.4% | -40.6% | 10th lowest of 21 |
| Revenue growth (TTM) | -6.3% | +16.7% | 2nd lowest of 21 |
| Operating margin | -2.7% | 13.8% | lowest of 21 |
| Forward P/E | 116.4× | 15.0× | most expensive of 20 |
| ROIC minus cost of capital | -11.0 pp | +6.7 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |
| Goldwind Science & Technology 2208.HK | Hong Kong | $8.58B | -57% | +24% | 6% | 7.2× | n/a | n/a |
| China XD Electric 601179.SS | China | $8.51B | -35% | +7% | 8% | 36.0× | n/a | n/a |
| Anker Innovations Technology 0668.HK | Hong Kong | $8.68B | n/a | +28% | 11% | 14.8× | 22.2% | +25.8% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Sigenergy Technology 6656.HK | Hong Kong | $8.31B | -51% | +577% | 36% | 11.0× | n/a | n/a |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |
| Zhejiang Chint Electrics 601877.SS | China | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% | +12.1% |
| Zhuzhou CRRC Times Electric 3898.HK | Hong Kong | $7.95B | -24% | +17% | 14% | 7.5× | n/a | n/a |
| Hongfa Technology 600885.SS | China | $7.81B | +8% | +34% | 14% | 22.9× | 9.0% | +17.2% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |