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Employees: 1,900
Size Guangzhou Pearl River Piano (002678.SZ) is a China Consumer Discretionary company (Recreational Products) with a market value of $852M, the 2616th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.18 on 6 Nov 2026.
Performance Over six months the shares fell 30.2%, against -10.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 13.9% over the last twelve months (peer median +9.1%); the operating margin is -54.4% (peer median 7.3%).
Valuation It trades at 8.9× enterprise value to sales against a peer median of 1.1× (6th most expensive of 21).
Capital Return on invested capital runs 14.8 points below its cost of capital (7.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥611M | CN¥566M | CN¥674M | CN¥1.12B | CN¥1.65B |
| Revenue growth | — | -16% | -40% | -32% | — |
| Gross profit | CN¥92.4M | -CN¥1.22M | CN¥50.7M | CN¥201M | CN¥368M |
| EBITDA | n/a | -CN¥279M | -CN¥182M | CN¥5.17M | CN¥218M |
| Net income | -CN¥347M | -CN¥374M | -CN¥236M | CN¥5.88M | CN¥123M |
| Free cash flow | -CN¥157M | -CN¥254M | -CN¥421M | -CN¥361M | -CN¥6.81M |
| Capital expenditure | CN¥87.2M | CN¥126M | CN¥214M | CN¥56.5M | CN¥123M |
| Total debt | CN¥308M | CN¥321M | CN¥268M | CN¥443M | CN¥872M |
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 | 002678.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | -1.0% | 7th lowest of 21 |
| 6-month return | -30.2% | -10.4% | 4th lowest of 21 |
| Distance from 52-week high | -40.2% | -27.4% | 8th lowest of 21 |
| Revenue growth (TTM) | +13.9% | +9.1% | 8th highest of 21 |
| Operating margin | -54.4% | 7.3% | lowest of 21 |
| EV / Sales | 8.9× | 1.1× | 6th most expensive of 21 |
| ROIC minus cost of capital | -14.8 pp | +0.1 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangzhou Pearl River Piano 002678.SZ | China | $852M | -30% | +14% | -54% | 8.9× | n/a | n/a |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 0.5× | 6.9% | -5.7% |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 1.2× | 21.9% | -0.8% |
| Ferretti YACHT.MI | Italy | $967M | -27% | +1% | 7% | 0.6× | 3.2% | +15.9% |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 0.8× | -8.0% | +13.9% |
| GoldLok Holdings (Guangdong) 002348.SZ | China | $1.03B | -38% | +77% | -14% | 12.6× | n/a | n/a |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 1.0× | -14.6% | +15.9% |
| Tron TRON | United States | $669M | -37% | +20% | -45% | 130.4× | n/a | n/a |
| Thunder Tiger 8033.TW | Taiwan | $647M | -14% | +11% | -5% | 14.2× | n/a | n/a |
| Shuhua Sports 605299.SS | China | $642M | -60% | +20% | 9% | 2.3× | n/a | n/a |
| Roland 7944.T | Japan | $605M | -11% | +8% | 9% | 0.9× | -8.3% | +9.5% |
| Alpen 3028.T | Japan | $590M | +26% | +6% | 3% | 0.3× | -3.0% | +4.2% |
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 16.5× | 32.9% | +7.9% |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 1.1× | n/a | n/a |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | 10.1× | n/a | n/a |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 1.2× | -2.0% | +13.7% |
| Mastercraft Boat MCFT | United States | $493M | -26% | +23% | 3% | 1.3× | 28.3% | -7.9% |
| Johnson Outdoors JOUT | United States | $490M | -8% | +17% | 3% | 0.6× | 10.1% | -0.1% |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 0.9× | -11.5% | +7.0% |
| Dream International 1126.HK | Hong Kong | $474M | -27% | +10% | 11% | 0.4× | -20.1% | +9.6% |
| Zhejiang Natural Outdoor Goods 605080.SS | China | $472M | -12% | -2% | 14% | 2.1× | 7.6% | +11.9% |