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Employees: 3,972
Size Xingye Leather Technology (002674.SZ) is a China Consumer Discretionary company (Textiles) with a market value of $807M, the 2739th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.20 on 6 Nov 2026.
Performance Over six months the shares gained 35.0%, against -12.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median -1.4%); the operating margin is 8.0% (peer median 3.4%).
Valuation It trades at 30.9× forward earnings against a peer median of 14.0× (3rd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points below its cost of capital (9.2% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.15B | CN¥2.98B | CN¥2.94B | CN¥2.69B | CN¥1.98B |
| Revenue growth | — | +1% | +9% | +36% | — |
| Gross profit | CN¥728M | CN¥605M | CN¥613M | CN¥560M | CN¥371M |
| EBITDA | n/a | CN¥307M | CN¥332M | CN¥348M | CN¥239M |
| Net income | CN¥135M | CN¥101M | CN¥142M | CN¥186M | CN¥151M |
| Free cash flow | CN¥151M | CN¥258M | CN¥97.3M | -CN¥135M | -CN¥259M |
| Capital expenditure | CN¥140M | CN¥131M | CN¥225M | CN¥172M | CN¥163M |
| Total debt | CN¥1.45B | CN¥1.35B | CN¥1.25B | CN¥982M | CN¥774M |
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 | 002674.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.3% | -0.6% | 7th lowest of 21 |
| 6-month return | +35.0% | -12.1% | 2nd highest of 21 |
| Distance from 52-week high | -46.3% | -33.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +6.8% | -1.4% | 5th highest of 21 |
| Operating margin | 8.0% | 3.4% | 7th highest of 21 |
| Forward P/E | 30.9× | 14.0× | 3rd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 14.3% | 0.8% | 6th most demanding of 14 |
| Growth delivered (Del g) | +15.4% | +1.4% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -1.1 pp | +2.3 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | -2.1 pp | -2.8 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xingye Leather Technology 002674.SZ | China | $807M | +35% | +7% | 8% | 30.9× | 14.3% | +15.4% |
| Gunze 3002.T | Japan | $797M | +17% | -4% | 5% | 26.6× | 10.5% | +1.1% |
| Japan Wool Textile 3201.T | Japan | $792M | +14% | 0% | 11% | n/a | -8.6% | +2.6% |
| Huafu Fashion 002042.SZ | China | $822M | -31% | -23% | 2% | 18.9× | 15.1% | -10.8% |
| Shanxi Guoxin Energy Corporation Limited 600617.SS | China | $838M | -16% | -9% | 3% | n/a | 0.8% | +4.5% |
| Zhejiang Hailide New Material 002206.SZ | China | $845M | -18% | -7% | 11% | 9.7× | -2.2% | +10.7% |
| Shanghai Anoky 300067.SZ | China | $853M | -29% | +36% | 3% | n/a | n/a | n/a |
| Jiangsu Jiuding New Material 002201.SZ | China | $760M | -42% | +6% | 9% | n/a | 22.1% | +1.4% |
| Jiangsu Sanfame Polyester Material 600370.SS | China | $857M | -44% | -13% | -3% | n/a | n/a | n/a |
| Zhejiang Yunzhongma 603130.SS | China | $867M | -8% | +4% | 4% | n/a | 21.1% | +18.8% |
| Shanghai Shenda 600626.SS | China | $745M | -4% | -2% | 1% | n/a | -1.0% | -0.1% |
| Zhewen Pictures 601599.SS | China | $884M | +37% | +4% | 1% | n/a | 46.4% | +13.9% |
| Jiangsu Jujie Microfiber Technology 300819.SZ | China | $734M | -42% | +5% | 9% | 66.9× | n/a | n/a |
| Formosa Taffeta 1434.TW | Taiwan | $888M | +9% | -7% | 2% | n/a | 19.9% | -0.9% |
| Guangdong Highsun Meida New Materials 000782.SZ | China | $728M | -4% | 0% | -5% | n/a | n/a | n/a |
| Zhejiang Xinao Textiles 603889.SS | China | $908M | -5% | +20% | 13% | 10.2× | n/a | n/a |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 5.1× | n/a | n/a |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 14.0× | -1.3% | -2.1% |
| Lu Thai Textile 000726.SZ | China | $658M | -9% | -3% | 8% | 10.5× | -20.4% | +4.5% |
| Jiangsu Huaxicun 000936.SZ | China | $658M | -31% | +14% | -5% | n/a | n/a | n/a |
| Tainan Spinning 1440.TW | Taiwan | $639M | +2% | -21% | -4% | 60.7× | -0.5% | -3.9% |