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Employees: 519
Size Global Top E-Commerce (002640.SZ) is a China Consumer Discretionary company (Internet Retail) with a market value of $757M, the 2880th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.22 on 6 Nov 2026.
Performance Over six months the shares fell 11.8%, against +3.8% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 5.8% over the last twelve months (peer median +2.0%); the operating margin is 0.5% (peer median 3.9%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.2× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is -20%, 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 2.4 points below its cost of capital (8.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.22B | CN¥5.44B | CN¥5.72B | CN¥6.61B | CN¥7.25B |
| Revenue growth | — | -5% | -14% | -9% | — |
| Gross profit | CN¥595M | CN¥618M | CN¥612M | CN¥760M | CN¥788M |
| EBITDA | n/a | CN¥42.9M | -CN¥61.4M | CN¥123M | CN¥102M |
| Net income | -CN¥202M | -CN¥417M | -CN¥479M | -CN¥9.69M | CN¥17.9M |
| Free cash flow | CN¥340M | CN¥402M | CN¥76.2M | -CN¥122M | -CN¥108M |
| Capital expenditure | CN¥3.50M | CN¥1.83M | CN¥913,593 | CN¥1.71M | CN¥4.87M |
| Total debt | CN¥25.6M | CN¥740M | CN¥787M | CN¥869M | CN¥750M |
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 | 002640.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.0% | -0.8% | 4th lowest of 21 |
| 6-month return | -11.8% | +3.8% | 7th lowest of 21 |
| Distance from 52-week high | -41.6% | -26.7% | 5th lowest of 21 |
| Revenue growth (TTM) | -5.8% | +2.0% | 8th lowest of 21 |
| Operating margin | 0.5% | 3.9% | 7th lowest of 21 |
| EV / Sales | 0.9× | 1.2× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 33.4% | 7.4% | 2nd most demanding of 15 |
| Growth delivered (Del g) | -19.8% | +8.2% | lowest of 15 |
| Hurdle (Req g minus delivered) | +53.2 pp | +6.5 pp | most demanding of 15 |
| ROIC minus cost of capital | -2.4 pp | -1.4 pp | 9th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Global Top E-Commerce 002640.SZ | China | $757M | -12% | -6% | 1% | 0.9× | 33.4% | -19.8% |
| Aucnet 3964.T | Japan | $824M | +12% | +12% | 15% | 1.5× | 0.1% | +21.6% |
| AO World AO..L | United Kingdom | $687M | +6% | +11% | 4% | 0.4× | 3.0% | -5.3% |
| Hangzhou Onechance Tech Crop 300792.SZ | China | $839M | -32% | -19% | 9% | 4.3× | 19.9% | -3.7% |
| ASKUL 2678.T | Japan | $682M | +2% | -20% | -5% | 0.3× | n/a | n/a |
| Petco Health & Wellness WOOF | United States | $848M | +5% | -1% | 3% | 0.6× | 6.6% | +3.9% |
| Yiwu Huading Nylon 601113.SS | China | $670M | -28% | -5% | 1% | 1.0× | n/a | n/a |
| ASOS ASC.L | United Kingdom | $670M | +88% | -15% | -1% | 0.5× | 1.2% | -5.5% |
| THG THG.L | United Kingdom | $877M | +30% | +10% | -1% | 0.7× | n/a | n/a |
| Groupon GRPN | United States | $630M | -13% | +2% | 2% | 1.4× | 27.5% | -18.9% |
| Belluna 9997.T | Japan | $629M | +22% | +5% | 8% | 1.0× | n/a | n/a |
| Huakai Yibai Technology 300592.SZ | China | $966M | +27% | -11% | 7% | 0.8× | 3.4% | +132.3% |
| IndiaMART InterMESH INDIAMART.NS | India | $985M | -26% | +12% | 34% | 3.8× | 8.2% | +18.6% |
| NanJi E-Commerce 002127.SZ | China | $1.05B | -1% | -28% | -12% | 2.3× | 6.4% | -9.0% |
| Akso Health Group Sponsored ADR AHG | United States | $1.14B | -34% | -6% | -29% | 82.3× | n/a | n/a |
| HelloFresh HFG.DE | Germany | $483M | -28% | -13% | 0% | 0.1× | 24.1% | +12.5% |
| Vedant Fashions MANYAVAR.NS | India | $1.22B | +6% | +2% | 32% | 7.9× | 21.4% | +21.5% |
| Kits Eyecare KITS.TO | Canada | $462M | +64% | +21% | 4% | 2.8× | 28.3% | +21.9% |
| MSTC MSTCLTD.NS | India | $439M | +30% | +21% | 58% | 10.7× | 34.9% | -13.9% |
| Guangzhou Ruoyuchen Technology 003010.SZ | China | $1.31B | -8% | +75% | 10% | 1.9× | 1.7% | +24.7% |
| Revolve RVLV | United States | $1.32B | -11% | +15% | 6% | 0.8× | n/a | n/a |