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Chinese home-textiles brand selling bedding, quilts and bed linens through retail and e-commerce.
Chinese home-textiles brand selling bedding, quilts and bed linens through retail and e-commerce.
Sells under its own Fuanna brand rather than making goods for others, so it earns a branded-product margin and depends on how well its stores and online shops move seasonal bedding. Growth rests on persuading shoppers to trade up from basic bedding.
In one line: A Chinese home-textiles brand, akin to a small Welspun.
Moat: narrow (brand, distribution). An established domestic home-textiles brand with retail/e-commerce distribution.
Headquarters: Shenzhen, China · Founded: 1994 · Employees: 3,792
Size Shenzhen Fuanna Bedding & Furnishing (002327.SZ) is a China Consumer Discretionary company (Textiles) with a market value of $951M, the 2397th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.48 on 6 Nov 2026.
Performance Over six months the shares fell 25.6%, against -7.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 4.9% over the last twelve months (peer median -1.8%); the operating margin is 12.0% (peer median 5.1%).
Valuation It trades at 14.0× forward earnings against a peer median of 10.5× (4th most expensive of 9).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +1 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 5.0 points above its cost of capital (5.4% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.62B | CN¥2.57B | CN¥2.99B | CN¥3.01B | CN¥3.06B |
| Revenue growth | — | -14% | 0% | -2% | — |
| Gross profit | CN¥1.41B | CN¥1.21B | CN¥1.52B | CN¥1.50B | CN¥1.46B |
| EBITDA | n/a | CN¥564M | CN¥837M | CN¥851M | CN¥785M |
| Net income | CN¥312M | CN¥336M | CN¥542M | CN¥572M | CN¥535M |
| Free cash flow | CN¥247M | CN¥439M | CN¥328M | CN¥750M | CN¥680M |
| Capital expenditure | CN¥159M | CN¥149M | CN¥69.0M | CN¥79.8M | CN¥40.5M |
| Total debt | CN¥548M | CN¥480M | CN¥430M | CN¥379M | CN¥303M |
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 Fuanna Bedding & Furnishing 002327.SZ | $951M | -26% | -5% | 12% | 14.0× | -1.3% |
| Luolai Lifestyle Technology 002293.SZ | $1.55B | +10% | +6% | 14% | 16.4× | -2.6% |
| Sunvim 002083.SZ | $1.16B | -20% | +19% | 17% | 9.8× | -12.1% |
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 | 002327.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | +1.7% | 4th lowest of 21 |
| 6-month return | -25.6% | -7.0% | 5th lowest of 21 |
| Distance from 52-week high | -30.8% | -30.2% | 11th highest of 21 |
| Revenue growth (TTM) | -4.9% | -1.8% | 9th lowest of 21 |
| Operating margin | 12.0% | 5.1% | 3rd highest of 21 |
| Forward P/E | 14.0× | 10.5× | 4th most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | -1.3% | 12.4% | 5th least demanding of 15 |
| Growth delivered (Del g) | -2.1% | +4.5% | 3rd lowest of 15 |
| Hurdle (Req g minus delivered) | +0.7 pp | +3.6 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +5.0 pp | -2.4 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 14.0× | -1.3% | -2.1% |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 5.1× | n/a | n/a |
| Zhejiang Xinao Textiles 603889.SS | China | $908M | -5% | +20% | 13% | 10.2× | n/a | n/a |
| Formosa Taffeta 1434.TW | Taiwan | $888M | +9% | -7% | 2% | n/a | 19.9% | -0.9% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | n/a | n/a | n/a |
| Zhewen Pictures 601599.SS | China | $884M | +37% | +4% | 1% | n/a | 46.4% | +13.9% |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | n/a | 35.4% | -3.9% |
| Zhejiang Yunzhongma 603130.SS | China | $867M | -8% | +4% | 4% | n/a | 21.1% | +18.8% |
| Jiangsu Sanfame Polyester Material 600370.SS | China | $857M | -44% | -13% | -3% | n/a | n/a | n/a |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | n/a | 16.2% | +4.4% |
| Shanghai Anoky 300067.SZ | China | $853M | -29% | +36% | 3% | n/a | n/a | n/a |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 10.7× | -4.9% | +11.7% |
| Zhejiang Hailide New Material 002206.SZ | China | $845M | -18% | -7% | 11% | 9.7× | -2.2% | +10.7% |
| Shanxi Guoxin Energy Corporation Limited 600617.SS | China | $838M | -16% | -9% | 3% | n/a | 0.8% | +4.5% |
| Shanghai Haixin 600851.SS | China | $1.08B | +4% | -15% | 7% | n/a | n/a | n/a |
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 10.2× | -5.0% | +20.7% |
| Huafu Fashion 002042.SZ | China | $822M | -31% | -23% | 2% | 18.9× | 15.1% | -10.8% |
| Kurabo Industries 3106.T | Japan | $1.10B | +33% | -3% | 7% | n/a | 8.2% | +3.3% |
| Xingye Leather Technology 002674.SZ | China | $807M | +35% | +7% | 8% | 30.9× | 14.3% | +15.4% |
| Gunze 3002.T | Japan | $797M | +17% | -4% | 5% | 26.6× | 10.5% | +1.1% |
| Japan Wool Textile 3201.T | Japan | $792M | +14% | 0% | 11% | n/a | -8.6% | +2.6% |