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Shanghai-based maker of CNC (numerical control) machine tools and systems for industrial manufacturing.
Shanghai-based maker of CNC (numerical control) machine tools and systems for industrial manufacturing.
In one line: A Chinese CNC machine-tool maker.
Moat: narrow (process know-how). Domestic CNC technology expertise, though the sector is competitive with import substitution the main draw.
Headquarters: Shanghai, China · Employees: 420
Size Shanghai Top Numerical Control Technology (7688.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $873M, the 625th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$16.34 on 6 Nov 2026.
Growth Revenue grew 8.8% over the last twelve months (peer median +7.6%); the operating margin is -52.6% (peer median 6.0%).
Valuation It trades at 231.6× forward earnings against a peer median of 15.3× (most expensive of 14).
Capital Return on invested capital runs 35.9 points below its cost of capital (5.3% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$336M | HK$627M | HK$576M | HK$370M | HK$158M |
| Revenue growth | — | +9% | +56% | +134% | — |
| Gross profit | HK$93.6M | HK$203M | HK$196M | HK$107M | -HK$51.8M |
| EBITDA | -HK$141M | HK$29.9M | HK$57.0M | -HK$30.0M | -HK$204M |
| Net income | -HK$166M | HK$3.88M | HK$9.63M | -HK$66.9M | -HK$223M |
| Free cash flow | -HK$113M | -HK$10.3M | -HK$169M | -HK$310M | -HK$58.7M |
| Capital expenditure | HK$101M | HK$42.4M | HK$111M | HK$24.4M | HK$4.94M |
| Total debt | n/a | HK$386M | HK$268M | HK$144M | HK$136M |
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 |
|---|---|---|---|---|---|---|
| Shanghai Top Numerical Control Technology 7688.HK | $873M | n/a | +9% | -53% | 231.6× | n/a |
| Estun Automation 2715.HK | $3.79B | -9% | +13% | 4% | 42.2× | 28.7% |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% |
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 | 7688.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.2% | -7.7% | 8th lowest of 21 |
| Distance from 52-week high | -67.3% | -43.4% | 2nd lowest of 21 |
| Revenue growth (TTM) | +8.8% | +7.6% | 10th highest of 21 |
| Operating margin | -52.6% | 6.0% | 3rd lowest of 21 |
| Forward P/E | 231.6× | 15.3× | most expensive of 14 |
| ROIC minus cost of capital | -35.9 pp | -3.2 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 231.6× | n/a | n/a |
| Kale Environment Technology (Shanghai) 301070.SZ | China | $872M | -29% | -9% | 0% | n/a | n/a | n/a |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 11.9× | -0.5% | +2.8% |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | n/a | n/a | n/a |
| Shanghai Huitong Energy 600605.SS | China | $878M | -10% | +13% | 14% | n/a | 41.3% | +2.9% |
| Suzhou Chunqiu Electronic Technology 603890.SS | China | $880M | -38% | +7% | 6% | 13.0× | 5.2% | +4.2% |
| Manitou BF MTU.PA | France | $882M | -6% | +8% | 6% | 8.6× | -3.6% | +10.1% |
| Jin Tong Ling Technology 300091.SZ | China | $882M | -36% | -40% | -72% | n/a | n/a | n/a |
| Zhejiang Headman Machinery 688577.SS | China | $864M | -31% | +35% | 6% | 60.2× | n/a | n/a |
| KraussMaffei 600579.SS | China | $888M | -15% | -22% | 0% | n/a | n/a | n/a |
| Hangzhou Youngsun Intelligent Equipment 603901.SS | China | $858M | -17% | +11% | 6% | 20.0× | 11.9% | +14.7% |
| KEDE Numerical Control 688305.SS | China | $853M | -29% | -31% | 11% | 78.0× | n/a | n/a |
| Tianjin Benefo Tejing Electric 600468.SS | China | $852M | -28% | +16% | 0% | n/a | 38.3% | +0.2% |
| Towa 6315.T | Japan | $851M | -39% | +29% | 16% | 15.3× | 18.8% | +12.8% |
| SUFA Technology Industry Co., Ltd., CNNC 000777.SZ | China | $850M | -25% | -25% | 2% | 37.2× | n/a | n/a |
| Trican Well Service TCW.TO | Canada | $899M | -10% | +15% | 14% | 9.3× | -11.5% | +22.5% |
| Guangdong Vanward New Electric 002543.SZ | China | $849M | -17% | -12% | -3% | 20.1× | n/a | n/a |
| HMT HMT.NS | India | $849M | -15% | +9% | -82% | n/a | 61.3% | -6.9% |
| Guangdong LingXiao Pump Industry 002884.SZ | China | $848M | -16% | +8% | 25% | 13.2× | -5.6% | +3.7% |
| Kirloskar Pneumatic KIRLPNU.NS | India | $846M | -23% | +9% | 18% | 29.0× | 26.3% | +16.8% |
| Sinoseal 300470.SZ | China | $903M | -18% | +1% | 20% | 14.9× | -0.7% | +13.9% |