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Zhejiang state-owned general construction and infrastructure contractor; exact project mix unconfirmed.
Zhejiang state-owned general construction and infrastructure contractor; exact project mix unconfirmed.
Moat: none
Headquarters: Zhejiang, China · Employees: 16,996
Size Zhejiang Construction Investment (002761.SZ) is a China Industrials company (Engineering & Construction) with a market value of $1.42B, the 1705th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.17 on 6 Nov 2026.
Performance Over six months the shares fell 14.3%, against -15.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 11.7% over the last twelve months (peer median +8.0%); the operating margin is 0.3% (peer median 6.7%).
Valuation It trades at 0.3× enterprise value to sales against a peer median of 1.2× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +13 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 3.3 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥72.7B | CN¥81.0B | CN¥80.5B | CN¥92.5B | CN¥98.4B |
| Revenue growth | — | +1% | -13% | -6% | — |
| Gross profit | CN¥4.40B | CN¥3.87B | CN¥3.59B | CN¥4.06B | CN¥4.78B |
| EBITDA | n/a | CN¥631M | CN¥569M | CN¥859M | CN¥1.43B |
| Net income | CN¥320M | CN¥215M | CN¥193M | CN¥392M | CN¥967M |
| Free cash flow | CN¥1.67B | CN¥3.43B | CN¥1.98B | CN¥1.49B | CN¥2.73B |
| Capital expenditure | CN¥518M | CN¥391M | CN¥942M | CN¥600M | CN¥432M |
| Total debt | CN¥22.5B | CN¥20.4B | CN¥22.9B | CN¥24.4B | CN¥21.4B |
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 | 002761.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | -6.7% | 9th highest of 21 |
| 6-month return | -14.3% | -15.2% | 10th highest of 21 |
| Distance from 52-week high | -25.9% | -32.5% | 7th highest of 21 |
| Revenue growth (TTM) | -11.7% | +8.0% | 6th lowest of 21 |
| Operating margin | 0.3% | 6.7% | 4th lowest of 21 |
| EV / Sales | 0.3× | 1.2× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 13.0% | -5.9% | 3rd most demanding of 13 |
| Growth delivered (Del g) | +0.4% | +4.1% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | +12.6 pp | -10.4 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | -3.3 pp | +0.4 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Construction Investment 002761.SZ | China | $1.42B | -14% | -12% | 0% | 0.3× | 13.0% | +0.4% |
| Jiangxi Ganyue Expressway 600269.SS | China | $1.44B | -7% | +3% | 28% | 3.0× | -11.6% | +4.4% |
| Shaanxi Construction Engineering 600248.SS | China | $1.45B | -25% | -25% | 0% | 0.7× | n/a | n/a |
| Hongrun Construction 002062.SZ | China | $1.45B | -11% | -12% | 7% | 1.8× | 5.6% | -12.6% |
| Beijing Gehua CATV Network 600037.SS | China | $1.40B | -16% | +24% | -5% | 1.1× | n/a | n/a |
| SRG Global SRG.AX | Australia | $1.46B | +7% | +27% | 7% | 1.3× | 16.4% | +24.1% |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 1.0× | -6.1% | +3.9% |
| Ruentex Engineering & Construction 2597.TW | Taiwan | $1.50B | +5% | +20% | 14% | 1.7× | -5.0% | +16.8% |
| Farglory Land Development 5522.TW | Taiwan | $1.34B | -18% | +164% | 26% | 1.9× | -13.6% | +3.0% |
| Dl E&c 375500.KS | South Korea | $1.53B | -48% | -17% | 4% | 0.3× | -8.3% | -5.3% |
| VA Tech Wabag WABAG.NS | India | $1.32B | +33% | +20% | 11% | 3.0× | 34.6% | +6.8% |
| Zhejiang Communications Technology 002061.SZ | China | $1.30B | -15% | -12% | 3% | 0.4× | -6.5% | +4.8% |
| Taiwan Cogeneration 8926.TW | Taiwan | $1.30B | +9% | +324% | 8% | 2.1× | n/a | n/a |
| Kumagai Gumi 1861.T | Japan | $1.30B | -20% | -4% | 6% | 0.4× | -9.2% | +1.6% |
| Lloyds Engineering Works LLOYDSENGG.NS | India | $1.29B | +36% | +83% | 11% | 6.9× | n/a | n/a |
| Shenzhen Urban Transport Technology 301091.SZ | China | $1.29B | -23% | +17% | 2% | 5.8× | n/a | n/a |
| Nippon Densetsu Kogyo 1950.T | Japan | $1.29B | -30% | +10% | 12% | 0.9× | -0.1% | +3.2% |
| CTCI 9933.TW | Taiwan | $1.29B | +22% | -22% | 9% | 0.3× | n/a | n/a |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | 24.0× | n/a | n/a |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 0.6× | n/a | n/a |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 0.5× | -5.7% | +5.4% |