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Employees: 1,001
Size Shenzhen Easttop Supply Chain Management (002889.SZ) is a China Industrials company (Air Freight/Couriers) with a market value of $845M, the 2634th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.91 on 6 Nov 2026.
Performance Over six months the shares gained 13.6%, against -9.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue fell 35.1% over the last twelve months (peer median +6.8%); the operating margin is 5.6% (peer median 7.4%).
Valuation It trades at 2.4× enterprise value to sales against a peer median of 1.5× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +5 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 0.5 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.52B | CN¥3.73B | CN¥3.56B | CN¥2.70B | CN¥2.83B |
| Revenue growth | — | +5% | +32% | -5% | — |
| Gross profit | CN¥405M | CN¥376M | CN¥389M | CN¥341M | CN¥351M |
| EBITDA | n/a | CN¥226M | CN¥285M | CN¥245M | CN¥215M |
| Net income | CN¥88.3M | CN¥103M | CN¥192M | CN¥159M | CN¥155M |
| Free cash flow | CN¥151M | -CN¥174M | -CN¥387M | CN¥136M | CN¥295M |
| Capital expenditure | CN¥121M | CN¥125M | CN¥241M | CN¥164M | CN¥111M |
| Total debt | CN¥1.59B | CN¥1.49B | CN¥1.81B | CN¥2.09B | CN¥1.90B |
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 | 002889.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.1% | -2.6% | highest of 21 |
| 6-month return | +13.6% | -9.0% | 2nd highest of 20 |
| Distance from 52-week high | -13.9% | -28.1% | 3rd highest of 21 |
| Revenue growth (TTM) | -35.1% | +6.8% | 2nd lowest of 21 |
| Operating margin | 5.6% | 7.4% | 8th lowest of 20 |
| EV / Sales | 2.4× | 1.5× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.0% | 3.1% | 5th most demanding of 15 |
| Growth delivered (Del g) | +6.7% | +9.0% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | +5.2 pp | -10.9 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -0.5 pp | +0.5 pp | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Easttop Supply Chain Management 002889.SZ | China | $845M | +14% | -35% | 6% | 2.4× | 12.0% | +6.7% |
| Hengtong Logistic 603223.SS | China | $870M | -9% | +2% | 30% | 3.9× | -9.5% | -24.6% |
| Swedish Logistic Property SLP-B.ST | Sweden | $876M | -9% | +27% | 86% | 15.9× | 11.6% | +60.3% |
| Hamakyorex 9037.T | Japan | $808M | -2% | +9% | 10% | 0.9× | -9.0% | +5.5% |
| Ferrari FERGR.AS | Netherlands | $780M | -4% | +3% | 17% | 1.7× | -2.7% | +5.0% |
| Orient International Enterprise 600278.SS | China | $919M | +1% | -12% | 1% | 0.1× | n/a | n/a |
| Shenzhen Feima International Supply Chain 002210.SZ | China | $768M | -36% | +116% | 11% | 12.9× | 34.5% | +1.5% |
| Hangzhou SF Intra-city Industrial 9699.HK | Hong Kong | $941M | -24% | +32% | 1% | 0.2× | 5.9% | +35.5% |
| Konoike Transport 9025.T | Japan | $973M | +2% | +1% | 6% | 0.4× | -12.5% | +4.0% |
| Cargojet CJT.TO | Canada | $1.00B | +15% | +1% | 10% | 2.2× | 12.4% | +8.2% |
| Friend 605050.SS | China | $709M | -24% | +4% | 4% | 0.6× | n/a | n/a |
| China Master Logistics 603967.SS | China | $644M | -11% | +11% | 4% | 0.4× | -12.1% | +11.4% |
| Blue Dart Express BLUEDART.NS | India | $1.14B | -20% | +9% | 7% | 1.7× | 22.4% | +13.3% |
| Bonheur BONHR.OL | Norway | $1.20B | +1% | +4% | 7% | 1.4× | 3.1% | +20.6% |
| LEAP India LEAPIND.NS | India | $569M | n/a | +56% | 27% | 8.2× | n/a | n/a |
| Xiamen Xinde 000701.SZ | China | $568M | -3% | -22% | n/a | 0.6× | n/a | n/a |
| Hichain Logistics 300873.SZ | China | $560M | -22% | +15% | 14% | 1.8× | 3.2% | +12.1% |
| Shipping Corporation of India SCI.NS | India | $1.29B | -18% | +17% | 24% | 1.9× | n/a | n/a |
| KLN Logistics 0636.HK | Hong Kong | $1.30B | -15% | -2% | 4% | 0.3× | -10.4% | +2.6% |
| TVS Supply Chain Solutions TVSSCS.NS | India | $547M | -4% | +17% | 2% | 0.4× | 14.4% | +9.7% |
| Singapore Post S08.SI | Singapore | $546M | -17% | -73% | 3% | 1.9× | n/a | n/a |