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← CockpitCompetitor Analysis › 000958.SZ SPIC Industry-Finance Holdings Co., Ltd. Class AOpen in the cockpit ↗

SPIC Industry-Finance Holdings Co., Ltd. Class A000958.SZCompetitor analysis, valuation and peers

China · CNY·Industrials›Building Products

State Power Investment Corp's financial-holding arm, combining clean-energy generation with trust, insurance-brokerage and futures services.

≈ A state utility's in-house financial-services holdingMomentum strong 67
Mkt cap
$14.0B
US dollars, full cap
Free float
22%
of shares outstanding
$/day
$11.1M
20-day average traded
Fwd P/E
22.2×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
174 days
29 Apr 2027
Close · CNYCN¥5.11
1D-0.4%
1W+2.2%
1M+2.4%
3M-8.8%
6M-13.7%
YTD-21.0%
1Y-19.8%
ATR %1.9%
52w lowhigh31.9% off high

What SPIC Industry-Finance does

State Power Investment Corp's financial-holding arm, combining clean-energy generation with trust, insurance-brokerage and futures services.

In one line: A state utility's in-house financial-services holding.

Products and services

  • Thermal/cogeneration power
  • New energy (solar/wind) generation
  • Trust and insurance-brokerage services
  • Futures/asset management

Customers

  • Power grid offtakers
  • Institutional financial clients

Where it sits in the supply chain

  • Industrials
  • Building Products
  • State-owned energy & financial-services…

What could go right

  • SPIC group asset injections

What could go wrong

  • Conglomerate-discount valuation
  • Cross-sector regulatory complexity

Moat: none (regulatory licence). State-backed licences across energy and finance, but a low-synergy conglomerate structure.

Headquarters: Beijing, China · Founded: 1998 · Employees: 4,083

SPIC Industry-Finance at a glance

Size SPIC Industry-Finance (000958.SZ) is a China Industrials company (Building Products) with a market value of $14.0B, the 170th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.11 on 6 Nov 2026.

Performance Over six months the shares fell 13.7%, against +4.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 14 in its peer set.

Growth Revenue grew 102.1% over the last twelve months (peer median +1.7%).

Valuation It trades at 22.2× forward earnings against a peer median of 17.3× (3rd most expensive of 14).

Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026Peer median 106000958.SZ 86
Six months, rebased to 100: SPIC Industry-Finance against the median of its 13 peers (local-currency closes).

SPIC Industry-Finance financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥11.0BCN¥12.4BCN¥12.2BCN¥6.04BCN¥6.07B
Revenue growth—+2%+102%-1%—
Gross profitn/aCN¥4.33BCN¥4.14BCN¥2.17BCN¥2.26B
EBITDAn/aCN¥6.45BCN¥6.53BCN¥2.54BCN¥2.63B
Net incomeCN¥3.33BCN¥3.29BCN¥3.32BCN¥1.27BCN¥1.00B
Free cash flow-CN¥7.45B-CN¥6.22B-CN¥2.31BCN¥303MCN¥3.52B
Capital expenditureCN¥19.9BCN¥12.6BCN¥12.0BCN¥581MCN¥573M
Total debtCN¥75.4BCN¥78.2BCN¥70.6BCN¥10.8BCN¥11.6B

Quarterly statements and history in the cockpit →

SPIC Industry-Finance competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%+20%CSLWSOMASAOSSSDSPXCKNEBVFBIN53325929SGOGFF5393000958.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. SPIC Industry-Finance is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%15×20×25×CSLWSOMASAOSSSDSPXCKNEBVFBIN5929SGOGFF5393000958.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SPIC Industry-Finance is the large dot.

SPIC Industry-Finance competitors and peer comparison

How SPIC Industry-Finance compares with its peers

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.

SPIC Industry-Finance against its 13 peers (data as of 6 Nov 2026)
Measure000958.SZPeer medianRank in peer set
1-month return+2.4%+12.2%4th lowest of 14
6-month return-13.7%+4.4%3rd lowest of 14
Distance from 52-week high-31.9%-18.8%4th lowest of 14
Revenue growth (TTM)+102.1%+1.7%highest of 14
Forward P/E22.2×17.3×3rd most expensive of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
SPIC Industry-Finance 000958.SZChina$14.0B-14%+102%n/a22.2×n/an/a
Carlisle Companies CSLUnited States$14.5B+4%+4%20%15.9×3.7%+4.8%
Watsco WSOUnited States$12.7B-28%0%9%24.3×13.2%+7.4%
Masco MASUnited States$15.8B+15%+1%18%18.0×4.9%+1.0%
A. O. Smith AOSUnited States$8.67B+10%-1%18%17.3×4.5%+5.8%
Simpson Manufacturing SSDUnited States$8.07B+4%+5%20%20.9×13.2%+13.0%
SPX Technologies SPXCUnited States$7.15B-30%+20%17%15.3×15.7%+15.0%
KONE KNEBV.HEFinland$33.8B+15%+2%12%27.1×5.8%+2.5%
Fortune Brands Innovations FBINUnited States$5.74B+27%-3%14%19.7×5.3%-6.0%
Toto 5332.TJapan$5.40B-1%+5%8%18.2×7.8%+5.0%
Sanwa 5929.TJapan$5.10B+8%+2%11%14.8×-2.6%+9.1%
Compagnie de Saint-Gobain SGO.PAFrance$40.7B-3%-2%10%12.1×5.1%+4.0%
Griffon GFFUnited States$4.58B+15%-12%20%17.1×7.5%+4.0%
Nichias 5393.TJapan$3.52B-5%+3%15%15.2×7.1%+5.1%

Questions

Which companies are SPIC Industry-Finance's closest peers?
The cockpit's peer set: Carlisle Companies (CSL), Watsco (WSO), Masco (MAS), A. O. Smith (AOS), Simpson Manufacturing (SSD), SPX Technologies (SPXC), KONE (KNEBV.HE), Fortune Brands Innovations (FBIN).
Is SPIC Industry-Finance expensive compared with its peers?
On forward p/e it trades at 22.2× against a peer median of 17.3×, 3rd most expensive of 14 in its peer set.
How has SPIC Industry-Finance stock performed?
Over six months to 6 Nov 2026 the shares returned -13.7% against +4.4% for the median peer; over one year -19.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.