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Shenzhen operator that invests in, builds and manages high-tech enterprise innovation parks and incubation properties.
Shenzhen operator that invests in, builds and manages high-tech enterprise innovation parks and incubation properties.
Earns rent and service charges from companies in its parks, plus gains when startups it has invested in grow or are sold, so income mixes steady property income with uneven investment results. Parks are developed with local governments, which often supply land or policy support.
In one line: A China-focused science-park operator/incubator.
Moat: narrow (regulatory licence, installed base). Ties to an innovation ecosystem and local-government partnerships give preferred park sites.
Headquarters: Shenzhen, China · Employees: 4,392
Size Shenzhen Leaguer (002243.SZ) is a China Materials company (Containers/Packaging) with a market value of $1.27B, the 1886th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.98 on 6 Nov 2026.
Performance Over six months the shares fell 18.2%, against -10.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +0.6%); the operating margin is -3.4% (peer median 6.1%).
Valuation It trades at 19.9× forward earnings against a peer median of 16.9× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 45% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +43 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 6.0 points below its cost of capital (6.6% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.52B | CN¥2.35B | CN¥2.31B | CN¥2.50B | CN¥2.60B |
| Revenue growth | — | +2% | -8% | -4% | — |
| Gross profit | CN¥668M | CN¥456M | CN¥493M | CN¥574M | CN¥712M |
| EBITDA | n/a | CN¥255M | CN¥304M | CN¥351M | CN¥424M |
| Net income | CN¥239M | CN¥177M | CN¥245M | CN¥329M | CN¥417M |
| Free cash flow | CN¥10.3M | CN¥5.76M | -CN¥113M | -CN¥510M | -CN¥194M |
| Capital expenditure | CN¥154M | CN¥139M | CN¥155M | CN¥262M | CN¥165M |
| Total debt | CN¥5.24B | CN¥6.16B | CN¥6.18B | CN¥5.43B | CN¥4.62B |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Leaguer 002243.SZ | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% |
| China Merchants Shekou Industrial Zone 001979.SZ | $10.4B | -10% | -22% | 1% | 69.7× | n/a |
| Shanghai Zhangjiang Hi-Tech Park Development 600895.SS | $5.71B | -33% | +89% | 26% | 36.4× | n/a |
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 | 002243.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | -3.1% | 10th highest of 21 |
| 6-month return | -18.2% | -10.5% | 8th lowest of 21 |
| Distance from 52-week high | -43.0% | -36.4% | 8th lowest of 21 |
| Revenue growth (TTM) | +5.2% | +0.6% | 8th highest of 21 |
| Operating margin | -3.4% | 6.1% | 3rd lowest of 21 |
| Forward P/E | 19.9× | 16.9× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 44.6% | 4.9% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +1.6% | +6.7% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | +43.0 pp | +1.6 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | -6.0 pp | -0.6 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| Xiamen Jihong 002803.SZ | China | $956M | -16% | +12% | 6% | 21.3× | 6.4% | +8.8% |
| MYS 002303.SZ | China | $909M | +26% | +1% | 8% | 18.6× | 4.9% | +3.4% |
| Guangzhou Fangbang Electronics 688020.SS | China | $900M | -51% | -2% | -28% | n/a | n/a | n/a |