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Chinese company; current core business not confidently known despite an office-equipment industry classification.
Chinese company; current core business not confidently known despite an office-equipment industry classification.
Moat: none
Headquarters: China · Employees: 155
Size MCC Meili Cloud Computing Industry Investment (000815.SZ) is a China Industrials company (Office Equipment/Supplies) with a market value of $1.41B, the 1730th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.49 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against -1.0% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue fell 24.8% over the last twelve months (peer median +8.2%); the operating margin is 9.9% (peer median 6.4%).
Valuation It trades at 29.1× enterprise value to sales against a peer median of 0.9× (most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 51% a year for seven years (Req g). Recent delivered growth is -22%, so the hurdle is +73 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 8.0 points below its cost of capital (12.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥331M | CN¥341M | CN¥888M | CN¥1.08B | CN¥1.10B |
| Revenue growth | — | -62% | -18% | -2% | — |
| Gross profit | CN¥201M | CN¥126M | CN¥59.3M | CN¥79.8M | CN¥13.4M |
| EBITDA | n/a | CN¥116M | -CN¥130M | CN¥106M | -CN¥18.2M |
| Net income | CN¥86.2M | CN¥66.6M | -CN¥548M | -CN¥17.8M | -CN¥232M |
| Free cash flow | CN¥140M | CN¥172M | -CN¥144M | -CN¥110M | -CN¥154M |
| Capital expenditure | CN¥66.3M | CN¥30.0M | CN¥44.3M | CN¥154M | CN¥222M |
| Total debt | CN¥374M | CN¥330M | CN¥595M | CN¥477M | CN¥650M |
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 | 000815.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | -0.2% | 7th lowest of 20 |
| 6-month return | -29.1% | -1.0% | lowest of 20 |
| Distance from 52-week high | -42.5% | -24.5% | 2nd lowest of 20 |
| Revenue growth (TTM) | -24.8% | +8.2% | lowest of 20 |
| Operating margin | 9.9% | 6.4% | 5th highest of 20 |
| EV / Sales | 29.1× | 0.9× | most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 51.4% | -2.4% | most demanding of 19 |
| Growth delivered (Del g) | -21.7% | +7.5% | lowest of 19 |
| Hurdle (Req g minus delivered) | +73.1 pp | -3.7 pp | most demanding of 19 |
| ROIC minus cost of capital | -8.0 pp | +2.8 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MCC Meili Cloud Computing Industry Investment 000815.SZ | China | $1.41B | -29% | -25% | 10% | 29.1× | 51.4% | -21.7% |
| MillerKnoll MLKN | United States | $1.48B | +32% | +1% | 6% | 0.8× | 7.3% | +9.3% |
| DOMS Industries DOMS.NS | India | $1.32B | -13% | +18% | 11% | 5.0× | n/a | n/a |
| PILOT 7846.T | Japan | $1.62B | +33% | +7% | 14% | 1.7× | -3.8% | +7.7% |
| Konica Minolta 4902.T | Japan | $1.79B | +14% | 0% | 5% | 0.5× | -5.6% | +4.7% |
| Kokuyo 7984.T | Japan | $2.23B | +9% | +9% | 7% | 0.7× | -6.2% | +3.7% |
| ITOKI 7972.T | Japan | $784M | -26% | +10% | 9% | 0.8× | 1.7% | +5.7% |
| Ningbo Huaxiang Electronic 002048.SZ | China | $2.60B | -27% | -19% | 7% | 0.9× | 0.1% | +9.1% |
| Shenzhen Comix 002301.SZ | China | $717M | -1% | +13% | 1% | 0.2× | -0.5% | +8.4% |
| Horizon Fixture 6957.TW | Taiwan | $712M | +162% | +15% | 18% | 5.5× | 8.6% | +9.6% |
| Zhejiang Dafeng Industry 603081.SS | China | $679M | -14% | +18% | 0% | 2.4× | -4.3% | -1.0% |
| Jinbei Automotive 600609.SS | China | $618M | -21% | +4% | 7% | 0.7× | -5.4% | -3.6% |
| HNI HNI | United States | $3.42B | +41% | +104% | 6% | 0.9× | 8.4% | +7.7% |
| UE Furniture 603600.SS | China | $579M | -1% | +13% | 6% | 0.7× | -7.9% | +7.3% |
| Loctek Ergonomic Technology 300729.SZ | China | $552M | -13% | +6% | 6% | 1.0× | -9.4% | +28.2% |
| Henglin Home Furnishings 603661.SS | China | $543M | -13% | +13% | 4% | 0.5× | -11.5% | +19.8% |
| West Coast Paper Mills WSTCSTPAPR.NS | India | $516M | +42% | +8% | 6% | 1.1× | 28.8% | +13.8% |
| F.I.L.A. - Fabbrica Italiana Lapis ed Affini FILA.MI | Italy | $509M | +1% | +1% | 11% | 1.2× | -4.3% | -1.2% |
| Guangbo Group Stock 002103.SZ | China | $507M | -19% | +4% | 5% | 1.0× | 7.0% | +1.1% |
| ACCO Brands ACCO | United States | $467M | +25% | +2% | 7% | 0.8× | -0.9% | -1.6% |