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Employees: 14,028
Size Changhong Meiling (000521.SZ) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $582M, the 3494th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.06 on 6 Nov 2026.
Performance Over six months the shares fell 28.3%, against -20.2% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 11.0% over the last twelve months (peer median +5.0%); the operating margin is -1.2% (peer median 6.1%).
Valuation It trades at 12.5× forward earnings against a peer median of 11.9× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥27.8B | CN¥30.4B | CN¥28.6B | CN¥24.3B | CN¥20.2B |
| Revenue growth | — | +6% | +17% | +21% | — |
| Gross profit | CN¥2.58B | CN¥2.84B | CN¥2.89B | CN¥2.96B | CN¥2.54B |
| EBITDA | n/a | CN¥779M | CN¥1.10B | CN¥1.03B | CN¥466M |
| Net income | -CN¥69.5M | CN¥410M | CN¥699M | CN¥736M | CN¥245M |
| Free cash flow | CN¥135M | CN¥665M | CN¥3.88B | CN¥1.84B | CN¥1.23B |
| Capital expenditure | CN¥462M | CN¥426M | CN¥325M | CN¥272M | CN¥276M |
| Total debt | CN¥11.3B | CN¥8.07B | CN¥8.83B | CN¥7.23B | CN¥5.84B |
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.
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 | 000521.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | -6.7% | 7th highest of 21 |
| 6-month return | -28.3% | -20.2% | 4th lowest of 21 |
| Distance from 52-week high | -42.8% | -36.9% | 7th lowest of 21 |
| Revenue growth (TTM) | -11.0% | +5.0% | 6th lowest of 21 |
| Operating margin | -1.2% | 6.1% | 6th lowest of 21 |
| Forward P/E | 12.5× | 11.9× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 23.1% | -8.1% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +14.6% | +7.9% | highest of 11 |
| Hurdle (Req g minus delivered) | +8.4 pp | -16.0 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | -4.5 pp | +0.8 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Changhong Meiling 000521.SZ | China | $582M | -28% | -11% | -1% | 12.5× | 23.1% | +14.6% |
| Anhui Strong State New Materials 001279.SZ | China | $585M | -18% | +24% | 0% | n/a | 37.7% | +6.3% |
| Qingdao Hiron Commercial Cold Chain 603187.SS | China | $592M | -27% | +12% | 12% | 11.6× | -7.2% | +12.2% |
| AmTRAN Technology 2489.TW | Taiwan | $569M | -33% | +5% | 1% | n/a | n/a | n/a |
| HG Technologies 300847.SZ | China | $596M | -16% | +2% | 10% | n/a | n/a | n/a |
| Zhejiang Meida Industrial 002677.SZ | China | $567M | -20% | -42% | -12% | 97.5× | n/a | n/a |
| Elec-Tech International 002005.SZ | China | $560M | -27% | 0% | -23% | n/a | n/a | n/a |
| Marssenger Kitchenware 300894.SZ | China | $559M | -12% | -41% | -61% | n/a | n/a | n/a |
| Cuckoo 192400.KS | South Korea | $618M | -8% | +10% | 12% | 6.2× | -20.7% | +9.4% |
| Zhejiang Entive Smart Kitchen Appliance 300911.SZ | China | $619M | -28% | -51% | -50% | n/a | n/a | n/a |
| Suzhou Alton Electrical & Mechanical Industry 301187.SZ | China | $620M | -20% | +30% | 9% | 29.8× | n/a | n/a |
| Zojirushi 7965.T | Japan | $621M | -5% | +5% | 8% | 17.9× | -9.0% | +4.0% |
| Ability Enterprise 2374.TW | Taiwan | $546M | -34% | +65% | 9% | n/a | n/a | n/a |
| Vatti 002035.SZ | China | $536M | -26% | -13% | 4% | 13.6× | n/a | n/a |
| Guangdong Avcit Technology 001229.SZ | China | $634M | +11% | +11% | 10% | n/a | 43.0% | +6.8% |
| Xiamen Comfort Science & Technology 002614.SZ | China | $640M | +19% | +12% | 0% | n/a | 3.9% | -6.3% |
| Shenzhen Textile (Holdings) 000045.SZ | China | $646M | -25% | -4% | 3% | n/a | 5.7% | +9.0% |
| Kyung Dong Navien 009450.KS | South Korea | $650M | -21% | +5% | 13% | 7.6× | -17.8% | +11.5% |
| Doshisha 7483.T | Japan | $660M | -12% | +3% | 9% | 11.9× | -19.9% | +3.5% |
| Appotronics 688007.SS | China | $662M | -35% | -47% | -20% | n/a | n/a | n/a |
| Taiwan Sakura 9911.TW | Taiwan | $504M | -8% | +6% | 15% | 9.9× | -9.9% | +9.2% |