Employees: 571
Size Zhejiang Meida Industrial (002677.SZ) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $567M, the 3565th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.85 on 6 Nov 2026.
Performance Over six months the shares fell 20.2%, against -20.8% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 42.3% over the last twelve months (peer median +5.3%); the operating margin is -11.8% (peer median 6.0%).
Valuation It trades at 97.5× forward earnings against a peer median of 12.5× (most expensive of 10).
Capital Return on invested capital runs 6.4 points below its cost of capital (6.9% WACC).
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥323M | CN¥452M | CN¥872M | CN¥1.66B | CN¥1.82B |
| Revenue growth | — | -48% | -48% | -9% | — |
| Gross profit | CN¥130M | CN¥143M | CN¥327M | CN¥749M | CN¥769M |
| EBITDA | n/a | CN¥66.1M | CN¥165M | CN¥520M | CN¥510M |
| Net income | -CN¥15.2M | CN¥11.5M | CN¥110M | CN¥464M | CN¥452M |
| Free cash flow | CN¥17.5M | CN¥26.2M | CN¥103M | CN¥572M | CN¥378M |
| Capital expenditure | CN¥10.3M | CN¥7.12M | CN¥3.88M | CN¥11.2M | CN¥26.2M |
| Total debt | CN¥1.69M | CN¥257,180 | CN¥3.64M | CN¥10.5M | CN¥4.76M |
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| Measure | 002677.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | -7.0% | 6th highest of 21 |
| 6-month return | -20.2% | -20.8% | 11th highest of 21 |
| Distance from 52-week high | -44.0% | -38.7% | 6th lowest of 21 |
| Revenue growth (TTM) | -42.3% | +5.3% | 2nd lowest of 21 |
| Operating margin | -11.8% | 6.0% | 4th lowest of 21 |
| Forward P/E | 97.5× | 12.5× | most expensive of 10 |
| ROIC minus cost of capital | -6.4 pp | +2.3 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Meida Industrial 002677.SZ | China | $567M | -20% | -42% | -12% | 97.5× | n/a | n/a |
| AmTRAN Technology 2489.TW | Taiwan | $569M | -33% | +5% | 1% | n/a | n/a | n/a |
| Elec-Tech International 002005.SZ | China | $560M | -27% | 0% | -23% | n/a | n/a | n/a |
| Marssenger Kitchenware 300894.SZ | China | $559M | -12% | -41% | -61% | n/a | n/a | n/a |
| Changhong Meiling 000521.SZ | China | $582M | -28% | -11% | -1% | 12.5× | 23.1% | +14.6% |
| Anhui Strong State New Materials 001279.SZ | China | $585M | -18% | +24% | 0% | n/a | 37.7% | +6.3% |
| Ability Enterprise 2374.TW | Taiwan | $546M | -34% | +65% | 9% | n/a | n/a | n/a |
| Qingdao Hiron Commercial Cold Chain 603187.SS | China | $592M | -27% | +12% | 12% | 11.6× | -7.2% | +12.2% |
| HG Technologies 300847.SZ | China | $596M | -16% | +2% | 10% | n/a | n/a | n/a |
| Vatti 002035.SZ | China | $536M | -26% | -13% | 4% | 13.6× | n/a | n/a |
| Cuckoo 192400.KS | South Korea | $618M | -8% | +10% | 12% | 6.2× | -20.7% | +9.4% |
| Zhejiang Entive Smart Kitchen Appliance 300911.SZ | China | $619M | -28% | -51% | -50% | n/a | n/a | n/a |
| Suzhou Alton Electrical & Mechanical Industry 301187.SZ | China | $620M | -20% | +30% | 9% | 29.8× | n/a | n/a |
| Zojirushi 7965.T | Japan | $621M | -5% | +5% | 8% | 17.9× | -9.0% | +4.0% |
| Guangdong Avcit Technology 001229.SZ | China | $634M | +11% | +11% | 10% | n/a | 43.0% | +6.8% |
| Taiwan Sakura 9911.TW | Taiwan | $504M | -8% | +6% | 15% | 9.9× | -9.9% | +9.2% |
| Xiamen Comfort Science & Technology 002614.SZ | China | $640M | +19% | +12% | 0% | n/a | 3.9% | -6.3% |
| Shenzhen Textile (Holdings) 000045.SZ | China | $646M | -25% | -4% | 3% | n/a | 5.7% | +9.0% |
| Kyung Dong Navien 009450.KS | South Korea | $650M | -21% | +5% | 13% | 7.6× | -17.8% | +11.5% |
| Guangdong SACA Precision Manufacturing 300464.SZ | China | $493M | -11% | +5% | 5% | n/a | 26.5% | -23.0% |
| Suzhou Sonavox Electronics 688533.SS | China | $490M | -25% | +8% | 6% | 28.6× | n/a | n/a |