Which companies are Royal's closest peers?

The cockpit's peer set: Bajaj Hindusthan Sugar (BAJAJHIND.NS), CNFC Overseas Fisheries (000798.SZ), J-Oil Mills (2613.T), Shandong Homey Aquatic Development (600467.SS), Fujian Tianma Science & Technology (603668.SS), Zhanjiang Guolian Aquatic Products (300094.SZ), Solbar Ningbo Protein Technology (603231.SS), Ningxia Xiaoming Agriculture & Animal Husbandry (300967.SZ).

Is Royal expensive compared with its peers?

On ev / sales it trades at 3.1× against a peer median of 1.3×, 3rd most expensive of 21 in its peer set.

How has Royal stock performed?

Over six months to 6 Nov 2026 the shares returned -15.0% against -8.2% for the median peer; over one year +1.4%.

← CockpitCompetitor Analysis › 002329.SZ Royal Group Co. Ltd. Class AOpen in the cockpit ↗

Royal Group Co. Ltd. Class A002329.SZCompetitor analysis, valuation and peers

China · CNY·Consumer Staples›Agricultural Commodities/Milling

Momentum leader 89

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$467M

US dollars, full cap

Free float

97%

of shares outstanding

$/day

$27.1M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-14.2 pp

WACC 5.2%

Hurdle

n/a

no reverse DCF

Close · CNYCN¥3.74

1D-6.0%

1W+8.1%

1M+3.0%

3M+20.3%

6M-15.0%

YTD-4.1%

1Y+1.4%

ATR %6.7%

52w lowhigh24.0% off high

What Royal does

Employees: 2,526

Royal at a glance

Size Royal (002329.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $467M, the 4028th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.74 on 6 Nov 2026.

Performance Over six months the shares fell 15.0%, against -8.2% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 1.6% over the last twelve months (peer median +2.2%); the operating margin is -24.8% (peer median 0.4%).

Valuation It trades at 3.1× enterprise value to sales against a peer median of 1.3× (3rd most expensive of 21).

Capital Return on invested capital runs 14.2 points below its cost of capital (5.2% WACC).

Relative performance

Six months, rebased to 100: Royal against the median of its 20 peers (local-currency closes).

Royal financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥1.81B	CN¥1.77B	CN¥2.03B	CN¥2.87B	CN¥2.87B
Revenue growth	—	-13%	-29%	0%	—
Gross profit	CN¥388M	CN¥355M	CN¥460M	CN¥489M	CN¥452M
EBITDA	n/a	-CN¥1.15M	-CN¥126M	CN¥35.4M	CN¥93.7M
Net income	-CN¥518M	-CN¥449M	-CN¥681M	CN¥67.3M	CN¥12.0M
Free cash flow	-CN¥22.0M	-CN¥173M	CN¥131M	CN¥24.5M	-CN¥314M
Capital expenditure	CN¥165M	CN¥247M	CN¥233M	CN¥445M	CN¥352M
Total debt	CN¥2.61B	CN¥2.53B	CN¥2.41B	CN¥2.60B	CN¥2.92B

Quarterly statements and history in the cockpit →

Royal competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Royal is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Royal is the large dot.

Royal competitors and peer comparison

How Royal compares with its peers

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.

Royal against its 20 peers (data as of 6 Nov 2026)
Measure	002329.SZ	Peer median	Rank in peer set
1-month return	+3.0%	-7.0%	3rd highest of 21
6-month return	-15.0%	-8.2%	8th lowest of 21
Distance from 52-week high	-24.0%	-37.4%	7th highest of 21
Revenue growth (TTM)	-1.6%	+2.2%	10th lowest of 21
Operating margin	-24.8%	0.4%	2nd lowest of 21
EV / Sales	3.1×	1.3×	3rd most expensive of 21
ROIC minus cost of capital	-14.2 pp	-4.1 pp	5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Royal 002329.SZ	China	$467M	-15%	-2%	-25%	3.1×	n/a	n/a
Bajaj Hindusthan Sugar BAJAJHIND.NS	India	$470M	-8%	-2%	1%	0.8×	n/a	n/a
CNFC Overseas Fisheries 000798.SZ	China	$470M	-8%	-2%	-2%	1.4×	n/a	n/a
J-Oil Mills 2613.T	Japan	$474M	+15%	+1%	2%	0.4×	n/a	n/a
Shandong Homey Aquatic Development 600467.SS	China	$486M	-9%	-21%	14%	5.0×	5.0%	-3.1%
Fujian Tianma Science & Technology 603668.SS	China	$488M	-52%	+6%	-1%	1.4×	29.6%	+10.5%
Zhanjiang Guolian Aquatic Products 300094.SZ	China	$490M	-8%	-9%	-28%	1.6×	0.7%	-6.6%
Solbar Ningbo Protein Technology 603231.SS	China	$493M	+1%	+20%	8%	1.3×	n/a	n/a
Ningxia Xiaoming Agriculture & Animal Husbandry 300967.SZ	China	$435M	-7%	-17%	-2%	3.0×	21.1%	+17.7%
Tilray Brands TLRY.TO	Canada	$433M	-47%	+17%	-6%	0.6×	n/a	n/a
Shenzhen Kingsino Technology 002548.SZ	China	$428M	-35%	-2%	-12%	1.2×	12.6%	+3.2%
Bannari Amman Sugars BANARISUG.NS	India	$423M	-13%	-8%	6%	2.4×	26.7%	+4.9%
Hokuto 1379.T	Japan	$411M	+13%	+4%	8%	0.8×	-7.8%	+3.1%
Xinjiang Tianshan Animal Husbandry Bio-engineering 300313.SZ	China	$411M	+32%	+187%	-4%	7.6×	n/a	n/a
Shree Renuka Sugars RENUKA.NS	India	$410M	-36%	-10%	4%	1.2×	n/a	n/a
Dalmia Bharat Sugar & Industries DALMIASUG.NS	India	$409M	+23%	-5%	7%	1.1×	15.7%	+7.7%
Vital Farms VITL	United States	$409M	+6%	+5%	-3%	0.7×	n/a	n/a
Shanghai Xuerong Bio-Technology 300511.SZ	China	$408M	-46%	+29%	4%	1.6×	0.6%	-1.9%
ForFarmers FFARM.AS	Netherlands	$537M	-18%	+7%	3%	0.2×	-9.9%	+6.0%
Jiangsu Yike Food 301116.SZ	China	$538M	-28%	+6%	0%	0.3×	n/a	n/a
Zuming Bean Products 003030.SZ	China	$405M	-2%	+12%	-2%	1.6×	n/a	n/a

Questions

Which companies are Royal's closest peers?: The cockpit's peer set: Bajaj Hindusthan Sugar (BAJAJHIND.NS), CNFC Overseas Fisheries (000798.SZ), J-Oil Mills (2613.T), Shandong Homey Aquatic Development (600467.SS), Fujian Tianma Science & Technology (603668.SS), Zhanjiang Guolian Aquatic Products (300094.SZ), Solbar Ningbo Protein Technology (603231.SS), Ningxia Xiaoming Agriculture & Animal Husbandry (300967.SZ).
Is Royal expensive compared with its peers?: On ev / sales it trades at 3.1× against a peer median of 1.3×, 3rd most expensive of 21 in its peer set.
How has Royal stock performed?: Over six months to 6 Nov 2026 the shares returned -15.0% against -8.2% for the median peer; over one year +1.4%.