Chinese quarrier and processor of natural stone (granite, marble) for building facades, flooring and infrastructure projects.
Chinese quarrier and processor of natural stone (granite, marble) for building facades, flooring and infrastructure projects.
In one line: A Chinese natural-stone quarrying and fabrication company.
Moat: narrow (scale, distribution). Vertically integrated quarrying-to-fabrication scale and export distribution network.
Headquarters: Xiamen, China · Employees: 752
Size XIAMEN WANLI STONE STOCK (002785.SZ) is a China Materials company (Forest Products) with a market value of $1.03B, the 2245th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.44 on 6 Nov 2026.
Performance Over six months the shares fell 40.5%, against -10.2% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 33.4% over the last twelve months (peer median +2.5%); the operating margin is -6.7% (peer median 6.4%).
Valuation It trades at 8.23× book value against a peer median of 2.35× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 61.8%; XIAMEN WANLI STONE STOCK delivers -5.8%, so the price asks more than the business earns today.
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥867M | CN¥1.11B | CN¥1.11B | CN¥1.27B | CN¥1.30B |
| Revenue growth | — | 0% | -12% | -3% | — |
| Gross profit | CN¥146M | CN¥126M | CN¥119M | CN¥131M | CN¥140M |
| EBITDA | n/a | -CN¥58.4M | -CN¥62.4M | -CN¥34.0M | -CN¥20.6M |
| Net income | -CN¥50.0M | -CN¥82.0M | -CN¥57.9M | -CN¥35.5M | -CN¥27.1M |
| Free cash flow | -CN¥139M | CN¥22.0M | -CN¥71.7M | -CN¥52.5M | CN¥15.5M |
| Capital expenditure | CN¥14.2M | CN¥14.2M | CN¥39.5M | CN¥62.5M | CN¥5.83M |
| Total debt | CN¥186M | CN¥233M | CN¥206M | CN¥237M | CN¥350M |
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| Measure | 002785.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.5% | -4.7% | 9th lowest of 21 |
| 6-month return | -40.5% | -10.2% | lowest of 21 |
| Return on equity | -5.8% | 3.4% | 6th lowest of 21 |
| Price / book | 8.23× | 2.35× | 2nd most expensive of 21 |
| ROE the price implies | 61.8% | 19.6% | 3rd most demanding of 21 |
| ROE delivered | -5.8% | 3.2% | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| XIAMEN WANLI STONE STOCK 002785.SZ | China | $1.03B | -40% | -33% | -6% | 8.23× | 61.8% | -5.8% |
| Der Future Science & Technology 002631.SZ | China | $1.04B | +10% | -26% | -9% | 3.45× | 36.4% | -8.9% |
| Sakata Seed 1377.T | Japan | $1.13B | +2% | +12% | 6% | 0.98× | 4.5% | 6.2% |
| Inwido INWI.ST | Sweden | $1.16B | +39% | +11% | 10% | 1.98× | 13.7% | 10.2% |
| Jilin Quanyangquan 600189.SS | China | $897M | +1% | +9% | 3% | 4.70× | 35.7% | 3.0% |
| Canfor CFP.TO | Canada | $1.22B | +17% | +2% | -22% | 0.73× | 9.1% | -21.7% |
| Vohringer Home Technology 603226.SS | China | $1.30B | -38% | -3% | -12% | 10.70× | 82.1% | -11.9% |
| Bunka Shutter 5930.T | Japan | $779M | -1% | +3% | 11% | 1.10× | 5.4% | 11.0% |
| Zhejiang Tianzhen Technology 301356.SZ | China | $713M | -7% | +2% | 3% | 1.59× | 18.6% | 3.2% |
| Dehua TB New Decoration Material 002043.SZ | China | $1.60B | -10% | +4% | 16% | 3.20× | 25.8% | 16.5% |
| Interfor IFP.TO | Canada | $634M | +42% | -7% | -28% | 0.71× | 10.0% | -28.4% |
| Mengtian Home 603216.SS | China | $607M | -39% | -5% | 3% | 2.27× | 16.7% | 3.4% |
| Stylam Industries STYLAMIND.NS | India | $563M | +19% | +10% | 20% | 6.59× | 86.8% | n/a |
| Zhongfu Straits (Pingtan) Development 000592.SZ | China | $1.93B | -38% | -29% | -12% | 7.43× | 52.7% | -12.3% |
| Greenlam Industries GREENLAM.NS | India | $550M | -11% | +20% | 5% | 4.41× | 59.0% | n/a |
| Dongguan HuaLi Industries 603038.SS | China | $498M | -27% | +15% | 6% | 2.33× | 16.9% | 5.7% |
| Stella-Jones SJ.TO | Canada | $2.56B | -12% | +2% | 12% | 1.65× | 6.6% | 12.4% |
| Dare Power Dekor Home 000910.SZ | China | $414M | -26% | -4% | -5% | 0.44× | 4.0% | -5.1% |
| Responsive Industries RESPONIND.NS | India | $391M | -24% | -13% | 10% | 2.37× | 39.3% | n/a |
| Suncha Technology 001211.SZ | China | $387M | -14% | +18% | -2% | 2.99× | 20.7% | -1.6% |
| Newtechwood 301588.SZ | China | $376M | -39% | +20% | 3% | 2.60× | 32.2% | 3.3% |