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China's largest cookware and small kitchen-appliance maker, majority owned by France's Groupe SEB.
China's largest cookware and small kitchen-appliance maker, majority owned by France's Groupe SEB.
Sells in China under the Supor brand through online platforms and offline retailers, and makes products for Groupe SEB's brands abroad as a contract manufacturer, so the two share sourcing and technology.
In one line: China's Tefal/T-fal, under the same parent (Groupe SEB).
Moat: narrow (brand, distribution, scale). Leading domestic cookware brand plus access to Groupe SEB's global technology and sourcing.
Headquarters: Hangzhou, China · Founded: 1994 · Employees: 10,745
Size Zhejiang Supor (002032.SZ) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $5.37B, the 470th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥45.36 on 6 Nov 2026.
Performance Over six months the shares fell 3.7%, against +9.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +6.6%); the operating margin is 9.6% (peer median 7.5%).
Valuation It trades at 18.0× forward earnings against a peer median of 17.6× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 32.3 points above 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¥22.9B | CN¥22.7B | CN¥22.3B | CN¥21.2B | CN¥20.1B |
| Revenue growth | — | +2% | +5% | +6% | — |
| Gross profit | CN¥5.81B | CN¥5.47B | CN¥5.32B | CN¥5.19B | CN¥5.01B |
| EBITDA | n/a | CN¥2.47B | CN¥2.64B | CN¥2.59B | CN¥2.38B |
| Net income | CN¥2.00B | CN¥2.10B | CN¥2.24B | CN¥2.18B | CN¥2.07B |
| Free cash flow | CN¥2.10B | CN¥2.52B | CN¥2.44B | CN¥1.97B | CN¥3.18B |
| Capital expenditure | CN¥197M | CN¥201M | CN¥208M | CN¥137M | CN¥165M |
| Total debt | CN¥3.24B | CN¥1.49B | CN¥1.52B | CN¥1.67B | CN¥1.27B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Zhejiang Supor 002032.SZ | $5.37B | -4% | 0% | 10% | 18.0× | -2.8% |
| Midea 000333.SZ | $101B | +10% | +2% | 9% | 14.5× | -3.2% |
| Haier Smart Home 600690.SS | $28.0B | 0% | -8% | 7% | 11.1× | -5.9% |
| Joyoung 002242.SZ | $2.87B | +131% | -7% | -1% | 159.7× | n/a |
| Bear Electric Appliance 002959.SZ | $794M | -18% | -7% | 7% | 19.3× | -6.6% |
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 | 002032.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.5% | +2.4% | 7th highest of 21 |
| 6-month return | -3.7% | +9.7% | 6th lowest of 21 |
| Distance from 52-week high | -10.9% | -16.1% | 9th highest of 21 |
| Revenue growth (TTM) | +0.2% | +6.6% | 8th lowest of 21 |
| Operating margin | 9.6% | 7.5% | 8th highest of 21 |
| Forward P/E | 18.0× | 17.6× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.8% | 2.8% | 4th least demanding of 15 |
| Growth delivered (Del g) | +4.1% | +9.7% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | -6.9 pp | -5.2 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +32.3 pp | +3.7 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Supor 002032.SZ | China | $5.37B | -4% | 0% | 10% | 18.0× | -2.8% | +4.1% |
| Aditya Infotech CPPLUS.NS | India | $5.37B | +68% | +36% | 13% | 69.9× | n/a | n/a |
| Hisense Visual Technology 600060.SS | China | $5.31B | +8% | -2% | 5% | 12.8× | -3.4% | +8.0% |
| Beijing Roborock Technology 688169.SS | China | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% | +32.8% |
| Coway 021240.KS | South Korea | $5.56B | +26% | +14% | 18% | 10.8× | n/a | n/a |
| TCL Electronics 1070.HK | Hong Kong | $6.01B | +3% | +14% | 3% | 12.4× | -2.3% | +17.6% |
| Howden Joinery HWDN.L | United Kingdom | $6.12B | +16% | +4% | 15% | 16.6× | 14.9% | +9.3% |
| Arashi Vision 688775.SS | China | $6.41B | -45% | +74% | -1% | 135.2× | n/a | n/a |
| Hisense Home Appliances 000921.SZ | China | $4.37B | -2% | -11% | 3% | 14.2× | -11.4% | +12.7% |
| Shenzhen MTC 002429.SZ | China | $4.30B | -42% | +3% | 7% | 22.1× | n/a | n/a |
| Ecovacs Robotics 603486.SS | China | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% | +21.4% |
| De'Longhi DLG.MI | Italy | $7.65B | +23% | +6% | 13% | 18.0× | 14.2% | +10.1% |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |