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Major Chinese glass and materials group making float glass, solar glass/PV materials, and electronic display glass.
Major Chinese glass and materials group making float glass, solar glass/PV materials, and electronic display glass.
Sells float glass, the flat sheet used in windows and facades, by volume at prices that move with construction demand and fuel costs, and has built solar-glass and electronic-glass lines to rely less on property. Plants sit near big markets because glass is heavy to move.
In one line: A diversified Chinese glass and solar-materials maker.
Moat: narrow (scale, IP / patents). Diversified glass manufacturing scale spanning construction, solar and electronics end markets.
Headquarters: Shenzhen, China · Founded: 1984 · Employees: 14,054
Size CSG (000012.SZ) is a China Consumer Discretionary company (Home Furnishings) with a market value of $1.17B, the 2024th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.49 on 6 Nov 2026.
Performance Over six months the shares fell 13.4%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 11.6% over the last twelve months (peer median +0.1%); the operating margin is -5.0% (peer median 6.6%).
Valuation It trades at 1.5× enterprise value to sales against a peer median of 1.2× (10th most expensive of 21).
Capital Return on invested capital runs 3.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 3 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.4B | CN¥13.7B | CN¥15.4B | CN¥18.1B | CN¥15.1B |
| Revenue growth | — | -11% | -15% | +20% | — |
| Gross profit | CN¥2.23B | CN¥1.78B | CN¥2.36B | CN¥3.79B | CN¥3.94B |
| EBITDA | n/a | CN¥1.65B | CN¥1.97B | CN¥3.16B | CN¥3.30B |
| Net income | -CN¥613M | CN¥126M | CN¥267M | CN¥1.66B | CN¥2.04B |
| Free cash flow | -CN¥10.4M | CN¥129M | -CN¥576M | -CN¥1.51B | -CN¥1.69B |
| Capital expenditure | CN¥776M | CN¥1.02B | CN¥2.34B | CN¥4.27B | CN¥3.42B |
| Total debt | CN¥14.6B | CN¥13.4B | CN¥12.4B | CN¥10.3B | CN¥8.31B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| CSG 000012.SZ | $1.17B | -13% | -12% | -5% | 1.5× | n/a |
| Zhuzhou Kibing 601636.SS | $2.22B | -21% | -4% | -8% | 1.8× | n/a |
| Xinyi Glass 0868.HK | $4.79B | -19% | -12% | 13% | 1.7× | 6.8% |
| Flat Glass 6865.HK | $2.87B | -40% | -20% | -2% | 2.4× | 11.2% |
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 | 000012.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -2.8% | 9th lowest of 21 |
| 6-month return | -13.4% | -14.1% | 10th highest of 21 |
| Distance from 52-week high | -35.7% | -41.8% | 9th highest of 21 |
| Revenue growth (TTM) | -11.6% | +0.1% | 3rd lowest of 21 |
| Operating margin | -5.0% | 6.6% | 3rd lowest of 21 |
| EV / Sales | 1.5× | 1.2× | 10th most expensive of 21 |
| ROIC minus cost of capital | -3.7 pp | -1.1 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CSG 000012.SZ | China | $1.17B | -13% | -12% | -5% | 1.5× | n/a | n/a |
| De Rucci Healthy Sleep 001323.SZ | China | $1.15B | -26% | -6% | 5% | 1.3× | 0.0% | +3.3% |
| Man Wah 1999.HK | Hong Kong | $1.20B | -45% | -3% | 14% | 0.7× | -6.5% | 0.0% |
| Suofeiya Home Collection 002572.SZ | China | $1.12B | -35% | -22% | 8% | 1.1× | -2.8% | +2.3% |
| Dong Yi Ri Sheng Home Decoration 002713.SZ | China | $1.08B | -38% | -1% | -23% | 9.6× | n/a | n/a |
| La-Z-Boy LZB | United States | $1.27B | -11% | 0% | 7% | 0.7× | 4.2% | +4.2% |
| Ziel Home Furnishing Technology 301376.SZ | China | $1.32B | +32% | +21% | 6% | 0.9× | -7.0% | +17.0% |
| Okamura 7994.T | Japan | $1.35B | -14% | +3% | 7% | 0.6× | -6.7% | +6.1% |
| MasterBrand MBC | United States | $1.37B | -12% | 0% | -1% | 1.0× | 19.4% | +2.1% |
| Hyundai G.f 005440.KS | South Korea | $1.44B | -21% | -1% | 4% | 0.5× | -1.0% | +20.1% |
| Forbo FORN.SW | Switzerland | $1.51B | +23% | -1% | 8% | 1.1× | 0.2% | -0.6% |
| TTK Prestige TTKPRESTIG.NS | India | $882M | +14% | +16% | 7% | 2.6× | 36.8% | +6.3% |
| Helen of Troy HELE | United States | $876M | +51% | +1% | 7% | 0.9× | 3.9% | -3.1% |
| Cello World CELLO.NS | India | $870M | -14% | +7% | 16% | 3.5× | 28.6% | +17.2% |
| Yotrio 002489.SZ | China | $809M | -23% | 0% | 2% | 0.9× | n/a | n/a |
| Chongqing Zhengchuan Pharmaceutical Packaging 603976.SS | China | $769M | +41% | +9% | 3% | 7.4× | 51.0% | +6.0% |
| Hunan Hualian China Industry 001216.SZ | China | $729M | -9% | -15% | 12% | 3.2× | n/a | n/a |
| WG Tech (JiangXi) 603773.SS | China | $1.87B | -20% | +2% | -8% | 5.7× | n/a | n/a |
| A-Zenith Home Furnishings 603389.SS | China | $1.91B | -17% | +275% | -5% | 17.3× | n/a | n/a |
| Zhejiang Truelove Vogue 003041.SZ | China | $698M | -38% | -1% | 7% | 5.2× | n/a | n/a |
| MotoMotion China 301061.SZ | China | $1.96B | -4% | -2% | 26% | 3.2× | -5.1% | +20.7% |