Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
603596.SS
HOLDREMOVEBethel Automotive Safety Systems Co., Ltd · Consumer Cyclical · China · $4.3B · Avg Vol: $107M/d
Bethel Automotive Safety is a decent auto parts supplier, but it is highly exposed to global trade frictions and does not possess the pricing power or asset-light profile we require.
COMPANY DESCRIPTION
Bethel Automotive Safety Systems is a leading developer and manufacturer of automotive braking and chassis control systems, specializing in electronic parking brakes (EPB), electronic stability control (ESC), and brake-by-wire (WCBS) systems. The company possesses a strong technological moat, being one of the few domestic players capable of competing with global Tier-1 suppliers in advanced brake-by-wire technologies. It is a key beneficiary of the rapid electrification and autonomous driving trends in China's automotive industry.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 819M | 1.1B | 1.5B | 1.8B | 29.4% |
| EPS | 0.12 | 0.15 | 0.20 | 0.22 | 20.9% |
| Shares | 853M | 899M | 898M | 898M | +5.2% |
| Debt | 100M | 51M | 15M | 404M | 59.5% |
| Equity | 622M | 839M | 969M | 1.2B | 23.8% |
| Op CF | 116M | 100M | 156M | 128M | 3.4% |
| Inv CF | -50M | -124M | -104M | -555M | — |
| Fin CF | -43M | 24M | -76M | 384M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of 603596.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 603596.SS | Bethel Automotive Safety Systems Co., Ltd(you) | $4.3B | 42 | HOLD |
| 603950.SS | Xiangyang Changyuandonggu Industry Co., Ltd. | $3.5B | 43 | HOLD |
| 002472.SZ | Zhejiang Shuanghuan Driveline Co.,Ltd. | $4.9B | 39 | HOLD |
| 301550.SZ | Zhejiang Sling Automobile Bearing Co., Ltd. | $5.7B | 38 | HOLD |
| 002536.SZ | Feilong Auto Components Co., Ltd. | $3.3B | 47 | HOLD |
| 002126.SZ | Zhejiang Yinlun Machinery Co.,Ltd. | $6.2B | 46 | HOLD |
| 000581.SZ | Weifu High-Technology Group Co., Ltd. | $2.8B | 46 | HOLD |
| 600699.SS | Ningbo Joyson Electronic Corp. | $6.0B | 36 | HOLD |
| 300432.SZ | Fulin Precision Co., Ltd. | $5.8B | 50 | HOLD |
| 603997.SS | Ningbo Jifeng Auto Parts Co., Ltd. | $2.6B | 47 | HOLD |
Peer medians: ROE 7.0% · P/E 24.0x · Gross margin 22.0%