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Chinese maker of aramid fiber (meta- and para-aramid), a heat- and cut-resistant synthetic fiber, despite its 'Apparel' classification.
Chinese maker of aramid fiber (meta- and para-aramid), a heat- and cut-resistant synthetic fiber, despite its 'Apparel' classification.
Sells aramid fibre by the tonne to textile and industrial customers. Meta-aramid, which resists heat and flame, is the established line, while para-aramid, a very strong fibre, was added later.
In one line: A Chinese DuPont Kevlar/Nomex competitor.
Moat: narrow (process know-how, IP / patents). Aramid fiber production requires proprietary polymerization/spinning know-how few Chinese makers have.
Headquarters: Yantai, Shandong, China · Employees: 3,171
Size Tayho Advanced Materials (002254.SZ) is a China Consumer Discretionary company (Apparel/Footwear) with a market value of $1.26B, the 1895th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.88 on 6 Nov 2026.
Performance Over six months the shares fell 12.9%, against -5.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +8.8%); the operating margin is -2.1% (peer median 8.1%).
Valuation It trades at 70.6× forward earnings against a peer median of 14.4× (3rd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +2 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 3.4 points below its cost of capital (8.4% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.97B | CN¥3.59B | CN¥3.92B | CN¥3.92B | CN¥3.73B |
| Revenue growth | — | -9% | 0% | +5% | — |
| Gross profit | CN¥1.42B | CN¥504M | CN¥539M | CN¥888M | CN¥799M |
| EBITDA | n/a | CN¥639M | CN¥608M | CN¥734M | CN¥644M |
| Net income | CN¥68.5M | CN¥41.5M | CN¥87.9M | CN¥333M | CN¥436M |
| Free cash flow | CN¥322M | -CN¥48.7M | -CN¥1.24B | -CN¥1.40B | -CN¥1.07B |
| Capital expenditure | CN¥86.0M | CN¥251M | CN¥689M | CN¥1.78B | CN¥1.58B |
| Total debt | CN¥5.82B | CN¥5.24B | CN¥4.95B | CN¥3.54B | CN¥3.73B |
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 |
|---|---|---|---|---|---|---|
| Tayho Advanced Materials 002254.SZ | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% |
| DuPont DD | $19.4B | -1% | -43% | 14% | 18.3× | 14.7% |
| Teijin 3401.T | $2.07B | +7% | -14% | -7% | 6.9× | -11.5% |
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 | 002254.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.9% | +0.7% | 3rd lowest of 21 |
| 6-month return | -12.9% | -5.9% | 7th lowest of 21 |
| Distance from 52-week high | -54.0% | -29.0% | 3rd lowest of 21 |
| Revenue growth (TTM) | +6.3% | +8.8% | 8th lowest of 21 |
| Operating margin | -2.1% | 8.1% | 4th lowest of 21 |
| Forward P/E | 70.6× | 14.4× | 3rd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 10.1% | -4.3% | 6th most demanding of 15 |
| Growth delivered (Del g) | +8.1% | +6.9% | 5th highest of 14 |
| Hurdle (Req g minus delivered) | +2.0 pp | -14.4 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -3.4 pp | +3.8 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% | +8.1% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% | +10.8% |
| Salvatore Ferragamo SFER.MI | Italy | $1.22B | -19% | -2% | 3% | 202.8× | 22.5% | +2.2% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| Wacoal 3591.T | Japan | $1.21B | -21% | +2% | -1% | 36.5× | 35.7% | +2.4% |
| Toread 300005.SZ | China | $1.21B | -45% | +22% | -1% | 60.7× | n/a | n/a |
| Lancy 002612.SZ | China | $1.19B | +11% | +9% | 10% | 22.4× | -1.2% | +15.9% |
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% | +16.0% |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 13.0× | -9.5% | +7.5% |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 14.4× | n/a | n/a |
| YoungoneHoldings 009970.KS | South Korea | $1.42B | -11% | +14% | 15% | 6.5× | n/a | n/a |
| Guangdong Golden Dragon Development 000712.SZ | China | $1.12B | -20% | -3% | -20% | n/a | n/a | n/a |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |
| Jihua 601718.SS | China | $1.10B | -43% | -22% | -10% | n/a | n/a | n/a |
| Human Made 456A.T | Japan | $1.10B | +39% | +27% | 30% | 45.5× | 7.7% | n/a |
| Stella International 1836.HK | Hong Kong | $1.47B | -10% | +2% | 8% | 11.8× | -9.5% | +6.8% |
| JNBY Design 3306.HK | Hong Kong | $1.47B | +7% | +12% | 20% | 9.4× | -7.4% | +6.9% |
| Jiangsu Hongdou Industrial 600400.SS | China | $1.06B | +11% | +22% | -9% | 102.3× | 13.7% | -1.3% |
| Misto 081660.KS | South Korea | $1.51B | -5% | +8% | 13% | 6.4× | -13.9% | +7.4% |
| Topscore Fashion 603608.SS | China | $1.05B | +28% | +9% | 4% | n/a | 51.6% | -9.4% |
| Dazzle Fashion 603587.SS | China | $1.03B | +10% | +7% | 16% | 22.1× | -9.2% | -3.5% |