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Employees: 870
Size Shanghai Xinpeng Industry (002328.SZ) is a China Materials company (Industrial Specialties) with a market value of $723M, the 2997th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.31 on 6 Nov 2026.
Performance Over six months the shares fell 39.0%, against -12.0% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 22.9% over the last twelve months (peer median +2.4%); the operating margin is 1.7% (peer median 6.2%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 1.4× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +17 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 (7.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.25B | CN¥3.83B | CN¥5.01B | CN¥5.80B | CN¥6.02B |
| Revenue growth | — | -23% | -14% | -4% | — |
| Gross profit | CN¥484M | CN¥394M | CN¥534M | CN¥579M | CN¥539M |
| EBITDA | n/a | CN¥300M | CN¥309M | CN¥430M | CN¥465M |
| Net income | CN¥314M | CN¥141M | CN¥154M | CN¥189M | CN¥311M |
| Free cash flow | CN¥143M | CN¥284M | CN¥662M | CN¥268M | CN¥61.1M |
| Capital expenditure | CN¥124M | CN¥109M | CN¥151M | CN¥402M | CN¥97.5M |
| Total debt | CN¥832M | CN¥542M | CN¥684M | CN¥926M | CN¥647M |
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 | 002328.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.9% | -8.6% | 6th lowest of 21 |
| 6-month return | -39.0% | -12.0% | 4th lowest of 21 |
| Distance from 52-week high | -53.5% | -39.6% | 5th lowest of 21 |
| Revenue growth (TTM) | -22.9% | +2.4% | lowest of 21 |
| Operating margin | 1.7% | 6.2% | 7th lowest of 21 |
| EV / Sales | 1.4× | 1.4× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.7% | 0.5% | 5th most demanding of 14 |
| Growth delivered (Del g) | -2.0% | +6.0% | 2nd lowest of 14 |
| Hurdle (Req g minus delivered) | +16.7 pp | -1.1 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -3.4 pp | -3.9 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Xinpeng Industry 002328.SZ | China | $723M | -39% | -23% | 2% | 1.4× | 14.7% | -2.0% |
| Kama KAMAHOLD.NS | India | $725M | -19% | +13% | 19% | 0.4× | -17.3% | +13.5% |
| Shandong Ruifeng Chemical 300243.SZ | China | $715M | -19% | +2% | 5% | 2.5× | 35.4% | +8.6% |
| Sakata Inx 4633.T | Japan | $732M | +8% | +9% | 6% | 0.5× | -4.0% | +9.8% |
| Chengdu Guibao Science and Technology 300019.SZ | China | $737M | -29% | +9% | 6% | 1.2× | n/a | n/a |
| Shenzhen Cotran Industrial Material 300731.SZ | China | $707M | -47% | -1% | -1% | 4.4× | n/a | n/a |
| Shanghai Smith Adhesive New Material 603683.SS | China | $706M | -43% | +19% | 4% | 2.3× | 33.2% | +16.0% |
| Toyo Tanso 5310.T | Japan | $765M | -5% | -8% | 10% | 2.4× | n/a | n/a |
| Jiangsu Canlon Building Materials 300715.SZ | China | $770M | -1% | +3% | -2% | 2.7× | 33.6% | +3.8% |
| Pizu 9893.HK | Hong Kong | $677M | -8% | -8% | 22% | 4.4× | n/a | n/a |
| SGL Carbon SGL.DE | Germany | $668M | +2% | -16% | 8% | 0.8× | 2.3% | -1.6% |
| Guangdong Silver Age Sci & Tech 300221.SZ | China | $667M | -16% | +7% | 7% | 2.0× | 27.7% | +6.0% |
| SP Group A/S SPG.CO | Denmark | $788M | +17% | +18% | 14% | 1.6× | -6.2% | +6.2% |
| Jiangxi Black Cat Carbon Black 002068.SZ | China | $795M | -22% | +1% | -4% | 1.1× | n/a | n/a |
| Keshun Waterproof Technologies 300737.SZ | China | $656M | -41% | -12% | -8% | 1.2× | -15.7% | -0.6% |
| Jiangsu Favored Nanotechnology 688371.SS | China | $797M | -34% | -7% | -29% | 10.2× | n/a | n/a |
| Central Glass 4044.T | Japan | $648M | 0% | +4% | 8% | 0.7× | -6.5% | -5.4% |
| Shandong Jinjing Science & Technology 600586.SS | China | $806M | -35% | -23% | -23% | 1.9× | 0.5% | -1.3% |
| Mativ MATV | United States | $646M | +27% | +1% | 4% | 0.8× | 6.2% | +13.0% |
| Rain Industries RAIN.NS | India | $645M | +35% | +17% | 10% | 0.8× | n/a | n/a |
| Konishi 4956.T | Japan | $643M | +9% | +7% | 9% | 0.6× | -10.1% | +4.9% |