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Employees: 3,746
Size Aishida (002403.SZ) is a China Industrials company (Miscellaneous Manufacturing) with a market value of $530M, the 3726th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.40 on 6 Nov 2026.
Performance Over six months the shares fell 5.8%, against -26.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 1.2% over the last twelve months (peer median +8.4%); the operating margin is -9.5% (peer median 4.3%).
Valuation It trades at 1.9× enterprise value to sales against a peer median of 1.9× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 52% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +53 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 7.8 points below its cost of capital (5.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.80B | CN¥2.66B | CN¥2.92B | CN¥2.45B | CN¥2.92B |
| Revenue growth | — | -9% | +19% | -16% | — |
| Gross profit | CN¥899M | CN¥694M | CN¥767M | CN¥551M | CN¥706M |
| EBITDA | n/a | CN¥18.3M | CN¥158M | -CN¥126M | CN¥79.0M |
| Net income | -CN¥300M | -CN¥217M | CN¥15.1M | -CN¥378M | -CN¥78.7M |
| Free cash flow | CN¥15.7M | CN¥71.7M | CN¥80.9M | CN¥21.4M | -CN¥216M |
| Capital expenditure | CN¥102M | CN¥67.0M | CN¥97.3M | CN¥90.0M | CN¥177M |
| Total debt | CN¥1.95B | CN¥1.99B | CN¥1.94B | CN¥1.79B | CN¥1.89B |
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 | 002403.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | -10.6% | highest of 21 |
| 6-month return | -5.8% | -26.4% | 4th highest of 21 |
| Distance from 52-week high | -29.9% | -40.8% | 5th highest of 21 |
| Revenue growth (TTM) | +1.2% | +8.4% | 7th lowest of 21 |
| Operating margin | -9.5% | 4.3% | 2nd lowest of 21 |
| EV / Sales | 1.9× | 1.9× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 51.6% | 8.4% | most demanding of 10 |
| Growth delivered (Del g) | -1.5% | +10.3% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | +53.1 pp | -1.0 pp | most demanding of 10 |
| ROIC minus cost of capital | -7.8 pp | -3.0 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aishida 002403.SZ | China | $530M | -6% | +1% | -9% | 1.9× | 51.6% | -1.5% |
| Chahua Modern Housewares 603615.SS | China | $527M | -29% | +109% | 1% | 1.6× | n/a | n/a |
| Guangdong Xiongsu Technology 300599.SZ | China | $544M | -15% | -17% | -13% | 3.6× | n/a | n/a |
| Zhangjiagang Guangda Special Material 688186.SS | China | $552M | -33% | +1% | 4% | 1.9× | n/a | n/a |
| Zhejiang Jinghua Laser Technology 603607.SS | China | $507M | -20% | -21% | 11% | 4.0× | 19.0% | +4.0% |
| Shenzhen AOTO Electronics 002587.SZ | China | $507M | -25% | +6% | 2% | 3.8× | 37.7% | -1.7% |
| Mennica Polska MNC.WA | Poland | $492M | -13% | +78% | 15% | 1.0× | -5.7% | +14.1% |
| Chongqing Sulian Plastic 301397.SZ | China | $575M | -38% | +3% | 2% | 2.5× | n/a | n/a |
| Teikoku Sen-I 3302.T | Japan | $480M | +4% | +22% | 14% | 1.3× | -3.8% | +0.8% |
| Shenzhen Absen Optoelectronic 300389.SZ | China | $585M | -26% | +13% | 8% | 0.8× | -1.3% | +20.4% |
| Suzhou Cheersson Precision Industry 002976.SZ | China | $477M | -30% | +15% | -3% | 1.4× | 50.4% | +29.3% |
| Guangdong Sunwill Precising Plastic 002676.SZ | China | $609M | -27% | +1% | 4% | 1.8× | 8.4% | +10.9% |
| Hawkins Cookers HAWKINCOOK.NS | India | $447M | +8% | +18% | 13% | 3.2× | 14.9% | +10.3% |
| Guangdong Decro Film New Materials 001378.SZ | China | $442M | -17% | +18% | 6% | 1.8× | n/a | n/a |
| Shandong Donghong Pipe Industry 603856.SS | China | $437M | -21% | +5% | 7% | 1.4× | -2.7% | -1.6% |
| Jiangyin Huaxin Precision Technology 603370.SS | China | $661M | -39% | +11% | 7% | 2.6× | n/a | n/a |
| Shanghai Yahong Moulding 603159.SS | China | $420M | -27% | -16% | -3% | 6.8× | n/a | n/a |
| Karrie International 1050.HK | Hong Kong | $419M | -40% | +7% | 11% | 1.1× | n/a | n/a |
| Shenzhen Chuangyitong Technology 300991.SZ | China | $419M | -62% | -10% | -1% | 4.8× | n/a | n/a |
| Zhejiang Tiantie Science & Technology 300587.SZ | China | $683M | -43% | +24% | -4% | 3.3× | n/a | n/a |
| Jinhua Chunguang Technology 603657.SS | China | $687M | +16% | +9% | -3% | 2.0× | n/a | n/a |