Chinese companies have not only formed strong global competitiveness in most manufacturing industries such as automobiles, ships and home appliances, but also lead the world in service industries, including cross-border e-commerce.
This article is the "Profitability" part of the Enterprise Value Series, which selects a total of 50 Chinese enterprises going overseas as research samples, and uses return on net assets, gross profit margin, net profit margin, etc. as evaluation indicators.
Data is based on history and does not represent future trends; It is for static analysis only and does not constitute investment advice.
Top 10 Chinese enterprises in terms of overseas profitability:
The 10th spring wind power
Profitability: Return on equity 19.62%, gross profit margin 26.80%, net profit margin 6.82%
Main products: four-wheeled vehicles are the main source of income, accounting for 53.71% of revenue, and gross profit margin of 39.52%
Company highlights: Chunfeng power all-terrain vehicles have ranked first in the export value of domestic brands for many years, and the export value of all-terrain vehicles in 2023 will account for 70.79% of the export value of similar products in China.
9th Huali Group
Profitability: Return on equity 26.67%, gross profit margin 26.23%, net profit margin 15.81%
Main products: sports and leisure shoes are the main source of income, accounting for 88.53% of revenue, and gross profit margin is 26.07%
Company Highlights: Huali Group is the world's leading professional manufacturer of sports shoes, cooperating with athleisure brands such as Nike, Converse, Vans, UGG, Hoka, Puma, Under Armour, etc.
8th Sailun tires
Profitability: Return on equity 16.15%, gross profit margin 21.64%, net profit margin 8.77%
Main products: Tire products are the main source of revenue, accounting for 94.76% of revenue, and gross profit margin is 28.32%
Company Highlights: Sailun Tire is the first tire company in China to "go global" to build overseas factories, and its products are sold to more than 180 countries and regions in Europe, the United States, Asia, Africa and other countries.
7th Gold Integrity
Profitability: Return on equity 11.86%, gross profit margin 27.99%, net profit margin 11.80%
Main products: Mining operation and management is the main source of income, accounting for 60.56% of revenue, gross profit margin of 29.71%
Company Highlights: As one of the earliest mine development service providers in China to "go global", Jin Chengxin has gradually explored and realized a replicable overseas operation business model of "management and technology output + localized operation".
No. 6 Lingxiao Pump Industry
Profitability: Return on equity 20.32%, gross profit margin 35.08%, net profit margin 27.01%
Main products: plastic bathroom pump is the main source of income, accounting for 42.30% of revenue, gross profit margin of 38.07%
Company Highlights: The main products of Lingxiao Pump Industry sold abroad are plastic bathroom pumps and stainless steel pumps, and the foreign market has gradually formed a sales model of direct sales and distribution.
The 5th Yutong bus
Profitability: Return on equity 7.39%, gross profit margin 22.38%, net profit margin 4.34%
Main products: domestic sales are the main source of income, accounting for 50.65% of revenue, and gross profit margin is 22.96%
Company Highlights: Yutong bus business covers all domestic cities and counties and the world's major bus import countries, and its products have been sold to more than 40 countries and regions around the world.
No. 4 Zhongji Innolight
Profitability: Return on equity 12.28%, gross profit margin 29.29%, net profit margin 14.97%
Main products: high-speed optical communication module is the main source of revenue, accounting for 91.42% of revenue, gross profit margin of 35.06%
Company Highlights: Zhongji InnoLight products serve domestic and foreign customers in the fields of cloud computing data center, data communication, 5G wireless network, telecom transmission and fixed network access.
3rd Transsion Holdings
Profitability: Return on equity 26.69%, gross profit margin 22.36%, net profit margin 7.39%
Main products: mobile phones are the main source of revenue, accounting for 92.06% of revenue, and gross profit margin of 24.18%
Company Highlights: Transsion Holdings' main products are mobile phones under the three major brands of TECNO, itel and Infinix, and its sales areas are mainly concentrated in emerging markets such as Africa, South Asia, Southeast Asia, the Middle East and Latin America.
No. 2 Deye shares
Profitability: Return on equity 37.80%, gross profit margin 33.80%, net profit margin 21.13%
Main products: circuit control series is the main source of revenue, accounting for 59.22% of revenue, gross profit margin of 52.33%
Company highlights: Deye's inverters in 2023 are mainly sold to South Africa, Germany, Brazil, India and other markets, with a total sales of 889,000 units.
1st Mindray Medical
Profitability: Return on equity 32.98%, gross profit margin 65.11%, net profit margin 32.16%
Main products: Life information and support products are the main source of revenue, accounting for 43.66% of revenue and gross profit margin of 66.78%
Company Highlights: Mindray is the world's leading provider of medical devices and solutions, and its products are exported to more than 190 countries and regions.
The top 10 Chinese enterprises in terms of overseas profitability, return on net assets, gross profit margin and net profit margin in the past three years:
