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Chinese maker of composite (FRP) materials and products for industrial and construction use.
Chinese maker of composite (FRP) materials and products for industrial and construction use.
Moat: none
Headquarters: Shanghai, China · Employees: 4,171
Size Shanghai PRET Composites (002324.SZ) is a China Industrials company (Miscellaneous Manufacturing) with a market value of $1.36B, the 1781st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.22 on 6 Nov 2026.
Performance Over six months the shares fell 43.8%, against -13.7% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 27.2% over the last twelve months (peer median +5.9%); the operating margin is 1.3% (peer median 11.4%).
Valuation It trades at 45.7× forward earnings against a peer median of 15.5× (most expensive of 18).
Capital Return on invested capital runs 3.4 points below its cost of capital (6.9% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.9B | CN¥9.89B | CN¥8.28B | CN¥8.69B | CN¥6.73B |
| Revenue growth | — | +19% | -5% | +29% | — |
| Gross profit | CN¥1.55B | CN¥1.31B | CN¥1.17B | CN¥1.37B | CN¥893M |
| EBITDA | n/a | CN¥845M | CN¥518M | CN¥787M | CN¥396M |
| Net income | CN¥145M | CN¥367M | CN¥141M | CN¥468M | CN¥202M |
| Free cash flow | -CN¥268M | CN¥330M | -CN¥921M | -CN¥133M | -CN¥243M |
| Capital expenditure | CN¥801M | CN¥808M | CN¥727M | CN¥969M | CN¥132M |
| Total debt | CN¥6.02B | CN¥5.42B | CN¥4.91B | CN¥4.78B | CN¥3.62B |
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.
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 | 002324.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -8.1% | 9th highest of 21 |
| 6-month return | -43.8% | -13.7% | lowest of 21 |
| Distance from 52-week high | -68.0% | -36.4% | 2nd lowest of 21 |
| Revenue growth (TTM) | +27.2% | +5.9% | 3rd highest of 21 |
| Operating margin | 1.3% | 11.4% | 3rd lowest of 21 |
| Forward P/E | 45.7× | 15.5× | most expensive of 18 |
| ROIC minus cost of capital | -3.4 pp | +0.5 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 45.7× | n/a | n/a |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% | +2.5% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% | +14.5% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| China Lesso 2128.HK | Hong Kong | $1.20B | -42% | -5% | 13% | 5.7× | -4.5% | -3.5% |
| Suzhou Victory Precision Manufacture 002426.SZ | China | $1.17B | -41% | +7% | -20% | n/a | 30.8% | -18.0% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| Cangzhou Mingzhu Plastic 002108.SZ | China | $1.10B | -28% | +14% | 5% | n/a | n/a | n/a |
| INDUS INH.DE | Germany | $1.03B | +11% | +8% | 13% | 7.0× | -6.8% | +2.2% |
| Shanghai Hajime Advanced Material Technology 301000.SZ | China | $986M | -1% | +4% | 16% | 40.9× | n/a | n/a |
| Shanghai Yanpu Precision Technology (Group) 605128.SS | China | $978M | -9% | +3% | 9% | 27.1× | 15.4% | +25.0% |
| Finolex Industries FINPIPE.NS | India | $932M | -20% | +3% | 14% | 16.4× | 13.0% | +3.5% |
| Jiangsu Changhai Composite Materials 300196.SZ | China | $897M | -25% | +3% | 11% | 17.9× | 3.8% | +9.0% |
| Genuit GEN.L | United Kingdom | $897M | +8% | +4% | 12% | 12.1× | 12.4% | +8.6% |
| Shenzhen Jame Technology 300868.SZ | China | $878M | -36% | +8% | -7% | n/a | n/a | n/a |
| Blue Sail Medical 002382.SZ | China | $861M | -24% | +23% | 7% | 11.8× | -6.5% | -6.1% |
| Zhejiang Weixing Industrial Development 002003.SZ | China | $2.17B | +28% | +14% | 16% | 20.7× | -4.2% | +14.0% |
| Leyard Optoelectronic 300296.SZ | China | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% | +1.2% |
| Riverstone AP4.SI | Singapore | $824M | -13% | -4% | 25% | 15.5× | 2.1% | -12.8% |