Loading…
Chinese maker of plastic pipes and fittings (PPR/PE) for water supply, heating and drainage.
Chinese maker of plastic pipes and fittings (PPR/PE) for water supply, heating and drainage.
Sells mostly through a dealer network to plumbers and renovation contractors, with after-sales support, which lets it price above ordinary pipe. Demand comes from both new homes and renovation, with renovation becoming the steadier part.
In one line: A China-based Uponor/Aquatherm peer.
Moat: narrow (brand, distribution). Well-known plumbing brand in China with an extensive dealer/distribution network.
Headquarters: Zhejiang, China · Employees: 4,594
Size Zhejiang Weixing New Building Materials (002372.SZ) is a China Industrials company (Miscellaneous Manufacturing) with a market value of $2.27B, the 1123rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.93 on 6 Nov 2026.
Performance Over six months the shares fell 19.3%, against -11.3% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 12.4% over the last twelve months (peer median +8.6%); the operating margin is 14.4% (peer median 11.8%).
Valuation It trades at 17.8× forward earnings against a peer median of 20.7× (8th cheapest of 20).
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 +1%, so the hurdle is +9 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 12.8 points above its cost of capital (9.8% WACC).
Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.13B | CN¥5.37B | CN¥6.23B | CN¥6.34B | CN¥6.90B |
| Revenue growth | — | -14% | -2% | -8% | — |
| Gross profit | CN¥2.21B | CN¥2.12B | CN¥2.51B | CN¥2.72B | CN¥2.65B |
| EBITDA | n/a | CN¥1,000M | CN¥1.27B | CN¥1.59B | CN¥1.61B |
| Net income | CN¥741M | CN¥741M | CN¥953M | CN¥1.43B | CN¥1.30B |
| Free cash flow | CN¥701M | CN¥947M | CN¥841M | CN¥1.17B | CN¥1.33B |
| Capital expenditure | CN¥269M | CN¥249M | CN¥354M | CN¥382M | CN¥217M |
| Total debt | CN¥237M | CN¥120M | CN¥90.6M | CN¥60.2M | CN¥69.9M |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Weixing New Building Materials 002372.SZ | $2.27B | -19% | -12% | 14% | 17.8× | 9.9% |
| China Lesso 2128.HK | $1.20B | -42% | -5% | 13% | 5.7× | -4.5% |
| Guangdong Rifeng Electric 002953.SZ | $679M | -22% | +11% | 3% | n/a | 19.7% |
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 | 002372.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | -6.3% | 8th highest of 21 |
| 6-month return | -19.3% | -11.3% | 9th lowest of 21 |
| Distance from 52-week high | -29.8% | -28.9% | 10th lowest of 21 |
| Revenue growth (TTM) | -12.4% | +8.6% | 2nd lowest of 21 |
| Operating margin | 14.4% | 11.8% | 7th highest of 21 |
| Forward P/E | 17.8× | 20.7× | 8th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | 10.0% | 10th least demanding of 20 |
| Growth delivered (Del g) | +1.1% | +7.7% | 3rd lowest of 20 |
| Hurdle (Req g minus delivered) | +8.8 pp | +3.3 pp | 7th most demanding of 20 |
| ROIC minus cost of capital | +12.8 pp | +2.3 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Weixing New Building Materials 002372.SZ | China | $2.27B | -19% | -12% | 14% | 17.8× | 9.9% | +1.1% |
| Leyard Optoelectronic 300296.SZ | China | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% | +1.2% |
| Zhejiang Weixing Industrial Development 002003.SZ | China | $2.17B | +28% | +14% | 16% | 20.7× | -4.2% | +14.0% |
| Hanshow Technology 301275.SZ | China | $2.68B | -5% | +42% | 13% | 27.7× | 10.0% | +13.6% |
| Daetwyler DAE.SW | Switzerland | $2.72B | -21% | +2% | 10% | 24.7× | 9.3% | +6.0% |
| Hill & Smith HILS.L | United Kingdom | $2.88B | +10% | +3% | 16% | 19.5× | 19.4% | +5.6% |
| TOMRA Systems TOM.OL | Norway | $3.17B | +6% | +7% | 11% | 31.8× | 9.5% | +9.2% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| Kurita Water Industries 6370.T | Japan | $3.47B | -39% | +1% | 14% | 11.3× | 5.6% | +8.5% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Astral ASTRAL.NS | India | $3.57B | -20% | +17% | 12% | 46.8× | 32.5% | +15.6% |
| Brady BRC | United States | $3.69B | 0% | +10% | 16% | 12.0× | 1.0% | +7.7% |
| 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% |
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% | +14.5% |
| Supreme Industries SUPREMEIND.NS | India | $4.24B | -14% | +17% | 10% | 33.6× | 25.8% | +12.1% |
| 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% |
| Ansell ANN.AX | Australia | $4.42B | +79% | +2% | 15% | 19.2× | 10.3% | +3.0% |