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Fujian company combining forestry/timber processing with trade and development projects tied to the Pingtan cross-strait free-trade zone.
Fujian company combining forestry/timber processing with trade and development projects tied to the Pingtan cross-strait free-trade zone.
In one line: A diversified Chinese forestry-and-regional-development holding company.
Moat: none. Diversified, low-margin forestry and trading conglomerate with no clear competitive edge.
Headquarters: Fuzhou, China · Founded: 1993 · Employees: 1,073
Size Zhongfu Straits (Pingtan) Development (000592.SZ) is a China Materials company (Forest Products) with a market value of $1.93B, the 1304th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.65 on 6 Nov 2026.
Performance Over six months the shares fell 38.2%, against -0.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 28.5% over the last twelve months (peer median +2.0%); the operating margin is -36.8% (peer median 5.5%).
Valuation It trades at 7.43× book value against a peer median of 2.30× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 52.7%; Zhongfu Straits (Pingtan) Development delivers -12.3%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.01B | CN¥1.32B | CN¥1.56B | CN¥1.23B | CN¥1.17B |
| Revenue growth | — | -16% | +27% | +5% | — |
| Gross profit | CN¥93.0M | CN¥77.4M | CN¥162M | CN¥71.0M | CN¥67.8M |
| EBITDA | n/a | -CN¥18.0M | CN¥46.7M | -CN¥10.0M | -CN¥6.34M |
| Net income | -CN¥222M | -CN¥113M | -CN¥117M | -CN¥308M | -CN¥230M |
| Free cash flow | CN¥217M | CN¥284M | -CN¥145M | CN¥111M | CN¥88.0M |
| Capital expenditure | CN¥20.4M | CN¥22.6M | CN¥69.9M | CN¥65.7M | CN¥63.8M |
| Total debt | CN¥552M | CN¥94.9M | CN¥129M | CN¥42.2M | CN¥30.9M |
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| Measure | 000592.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.7% | +1.5% | 3rd lowest of 21 |
| 6-month return | -38.2% | -0.4% | 3rd lowest of 21 |
| Return on equity | -12.3% | 4.4% | 4th lowest of 21 |
| Price / book | 7.43× | 2.30× | 3rd most expensive of 21 |
| ROE the price implies | 52.7% | 17.8% | 6th most demanding of 21 |
| ROE delivered | -12.3% | 3.6% | 4th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Zhongfu Straits (Pingtan) Development 000592.SZ | China | $1.93B | -38% | -29% | -12% | 7.43× | 52.7% | -12.3% |
| Dehua TB New Decoration Material 002043.SZ | China | $1.60B | -10% | +4% | 16% | 3.20× | 25.8% | 16.5% |
| Stella-Jones SJ.TO | Canada | $2.56B | -12% | +2% | 12% | 1.65× | 6.6% | 12.4% |
| Vohringer Home Technology 603226.SS | China | $1.30B | -38% | -3% | -12% | 10.70× | 82.1% | -11.9% |
| Canfor CFP.TO | Canada | $1.22B | +17% | +2% | -22% | 0.73× | 9.1% | -21.7% |
| Inwido INWI.ST | Sweden | $1.16B | +39% | +11% | 10% | 1.98× | 13.7% | 10.2% |
| Sakata Seed 1377.T | Japan | $1.13B | +2% | +12% | 6% | 0.98× | 4.5% | 6.2% |
| Der Future Science & Technology 002631.SZ | China | $1.04B | +10% | -26% | -9% | 3.45× | 36.4% | -8.9% |
| XIAMEN WANLI STONE STOCK 002785.SZ | China | $1.03B | -40% | -33% | -6% | 8.23× | 61.8% | -5.8% |
| Jilin Quanyangquan 600189.SS | China | $897M | +1% | +9% | 3% | 4.70× | 35.7% | 3.0% |
| UFP Industries UFPI | United States | $4.41B | -5% | -1% | 7% | 1.44× | 13.9% | 7.2% |
| Bunka Shutter 5930.T | Japan | $779M | -1% | +3% | 11% | 1.10× | 5.4% | 11.0% |
| Zhejiang Tianzhen Technology 301356.SZ | China | $713M | -7% | +2% | 3% | 1.59× | 18.6% | 3.2% |
| Louisiana-Pacific LPX | United States | $5.27B | 0% | -12% | 4% | 3.03× | 33.9% | 3.9% |
| West Fraser Timber WFG.TO | Canada | $5.35B | +12% | -8% | -18% | 0.97× | 9.4% | -17.7% |
| Trex TREX | United States | $5.58B | +36% | +9% | 17% | 5.45× | 53.1% | 17.3% |
| Interfor IFP.TO | Canada | $634M | +42% | -7% | -28% | 0.71× | 10.0% | -28.4% |
| Mengtian Home 603216.SS | China | $607M | -39% | -5% | 3% | 2.27× | 16.7% | 3.4% |
| Stylam Industries STYLAMIND.NS | India | $563M | +19% | +10% | 20% | 6.59× | 86.8% | n/a |
| Greenlam Industries GREENLAM.NS | India | $550M | -11% | +20% | 5% | 4.41× | 59.0% | n/a |
| Dongguan HuaLi Industries 603038.SS | China | $498M | -27% | +15% | 6% | 2.33× | 16.9% | 5.7% |