Which companies are Baiyang Investment's closest peers?

The cockpit's peer set: Inghams (ING.AX), Triveni Engineering and Industries (TRIVENI.NS), Baotou Huazi Industry (600191.SS), WELLNEO SUGAR (2117.T), Kadoya Sesame Mills (2612.T), Gansu Dunhuang Seed (600354.SS), Shiyue Daotian (9676.HK), Wanxiang Doneed (600371.SS).

Is Baiyang Investment expensive compared with its peers?

On ev / sales it trades at 1.3× against a peer median of 1.5×, 9th cheapest of 21 in its peer set.

How has Baiyang Investment stock performed?

Over six months to 6 Nov 2026 the shares returned +62.2% against -3.7% for the median peer; over one year +63.4%.

← CockpitCompetitor Analysis › 002696.SZ Baiyang Investment Group, Inc. Class AOpen in the cockpit ↗

Baiyang Investment Group, Inc. Class A002696.SZCompetitor analysis, valuation and peers

China · CNY·Consumer Staples›Agricultural Commodities/Milling

Momentum leader 100

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$569M

US dollars, full cap

Free float

87%

of shares outstanding

$/day

$133M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-5.5 pp

WACC 5.0%

Hurdle

n/a

no reverse DCF

Close · CNYCN¥11.06

1D+1.2%

1W-0.5%

1M+66.3%

3M+103.7%

6M+62.2%

YTD+56.4%

1Y+63.4%

ATR %10.7%

52w lowhigh14.5% off high

What Baiyang Investment does

Employees: 4,145

Baiyang Investment at a glance

Size Baiyang Investment (002696.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $569M, the 3554th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.06 on 6 Nov 2026.

Performance Over six months the shares gained 62.2%, against -3.7% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 25.2% over the last twelve months (peer median +6.3%); the operating margin is -0.4% (peer median 4.6%).

Valuation It trades at 1.3× enterprise value to sales against a peer median of 1.5× (9th cheapest of 21).

Capital Return on invested capital runs 5.5 points below its cost of capital (5.0% WACC).

Relative performance

Six months, rebased to 100: Baiyang Investment against the median of its 20 peers (local-currency closes).

Baiyang Investment financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥4.41B	CN¥4.05B	CN¥3.03B	CN¥2.68B	CN¥3.21B
Revenue growth	—	+34%	+13%	-17%	—
Gross profit	CN¥311M	CN¥332M	CN¥211M	CN¥165M	CN¥365M
EBITDA	CN¥80.0M	CN¥141M	CN¥82.6M	CN¥50.8M	CN¥155M
Net income	-CN¥53.7M	CN¥40.6M	-CN¥15.3M	-CN¥27.6M	CN¥62.3M
Free cash flow	-CN¥628M	-CN¥501M	-CN¥169M	CN¥155M	CN¥104M
Capital expenditure	CN¥184M	CN¥187M	CN¥110M	CN¥87.8M	CN¥74.8M
Total debt	CN¥2.19B	CN¥1.64B	CN¥635M	CN¥1.12B	CN¥946M

Quarterly statements and history in the cockpit →

Baiyang Investment competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Baiyang Investment is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Baiyang Investment is the large dot.

Baiyang Investment competitors and peer comparison

How Baiyang Investment compares with its peers

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.

Baiyang Investment against its 20 peers (data as of 6 Nov 2026)
Measure	002696.SZ	Peer median	Rank in peer set
1-month return	+66.3%	-2.0%	highest of 21
6-month return	+62.2%	-3.7%	2nd highest of 20
Distance from 52-week high	-14.5%	-34.2%	5th highest of 21
Revenue growth (TTM)	+25.2%	+6.3%	4th highest of 21
Operating margin	-0.4%	4.6%	6th lowest of 21
EV / Sales	1.3×	1.5×	9th cheapest of 21
ROIC minus cost of capital	-5.5 pp	+1.1 pp	6th lowest of 21
Net debt / EBITDA	20.8×	0.5×	most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Baiyang Investment 002696.SZ	China	$569M	+62%	+25%	0%	1.3×	n/a	n/a
Inghams ING.AX	Australia	$563M	+13%	+2%	4%	0.7×	-1.2%	+3.9%
Triveni Engineering and Industries TRIVENI.NS	India	$561M	-4%	+2%	8%	0.9×	n/a	n/a
Baotou Huazi Industry 600191.SS	China	$582M	-37%	+56%	5%	5.7×	n/a	n/a
WELLNEO SUGAR 2117.T	Japan	$555M	+2%	+8%	10%	0.8×	-10.2%	+20.9%
Kadoya Sesame Mills 2612.T	Japan	$550M	+94%	-2%	10%	1.9×	0.9%	+5.0%
Gansu Dunhuang Seed 600354.SS	China	$589M	+19%	+9%	25%	2.4×	-4.7%	+4.1%
Shiyue Daotian 9676.HK	Hong Kong	$545M	-35%	+26%	7%	0.5×	n/a	n/a
Wanxiang Doneed 600371.SS	China	$544M	+41%	-13%	-11%	17.8×	n/a	n/a
Jiangsu Yike Food 301116.SZ	China	$538M	-28%	+6%	0%	0.3×	n/a	n/a
ForFarmers FFARM.AS	Netherlands	$537M	-18%	+7%	3%	0.2×	-9.9%	+6.0%
Piccadily Agro Industries PICCADIL.NS	India	$607M	-8%	+29%	20%	5.3×	n/a	n/a
Rogers Sugar RSI.TO	Canada	$618M	+2%	-6%	10%	1.1×	n/a	n/a
Dongrui Food 001201.SZ	China	$629M	+23%	+2%	-30%	3.1×	n/a	n/a
Tongyi Carbon Neutral Technology (Xinjiang) 600506.SS	China	$653M	0%	+24%	2%	1.7×	21.8%	+82.4%
Solbar Ningbo Protein Technology 603231.SS	China	$493M	+1%	+20%	8%	1.3×	n/a	n/a
Zhanjiang Guolian Aquatic Products 300094.SZ	China	$490M	-8%	-9%	-28%	1.6×	0.7%	-6.6%
Guangdong Yuehai Feeds 001313.SZ	China	$662M	-24%	+24%	2%	0.8×	10.5%	+2.1%
Fujian Tianma Science & Technology 603668.SS	China	$488M	-52%	+6%	-1%	1.4×	29.6%	+10.5%
Winall Hi-Tech Seed 300087.SZ	China	$663M	-39%	-14%	-3%	1.5×	41.9%	+23.0%
Hangzhou Qiandaohu Xunlong Sci-tech 6715.HK	Hong Kong	$663M	n/a	+20%	46%	4.4×	-11.4%	+13.5%

Questions

Which companies are Baiyang Investment's closest peers?: The cockpit's peer set: Inghams (ING.AX), Triveni Engineering and Industries (TRIVENI.NS), Baotou Huazi Industry (600191.SS), WELLNEO SUGAR (2117.T), Kadoya Sesame Mills (2612.T), Gansu Dunhuang Seed (600354.SS), Shiyue Daotian (9676.HK), Wanxiang Doneed (600371.SS).
Is Baiyang Investment expensive compared with its peers?: On ev / sales it trades at 1.3× against a peer median of 1.5×, 9th cheapest of 21 in its peer set.
How has Baiyang Investment stock performed?: Over six months to 6 Nov 2026 the shares returned +62.2% against -3.7% for the median peer; over one year +63.4%.