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Employees: 48,067
Size QiaoYin City Management (002973.SZ) is a China Industrials company (Environmental Services) with a market value of $661M, the 3207th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.78 on 6 Nov 2026.
Performance Over six months the shares fell 14.4%, against -18.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 11.9% over the last twelve months (peer median +2.6%); the operating margin is 10.5% (peer median 7.0%).
Valuation It trades at 14.0× forward earnings against a peer median of 13.4× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +4 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 1.5 points below its cost of capital (5.4% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.37B | CN¥3.60B | CN¥3.90B | CN¥3.93B | CN¥3.94B |
| Revenue growth | — | -8% | -1% | 0% | — |
| Gross profit | CN¥821M | CN¥944M | CN¥1.00B | CN¥977M | CN¥969M |
| EBITDA | CN¥638M | CN¥758M | CN¥853M | CN¥760M | CN¥727M |
| Net income | CN¥103M | CN¥184M | CN¥289M | CN¥317M | CN¥315M |
| Free cash flow | CN¥138M | CN¥273M | -CN¥236M | -CN¥436M | -CN¥345M |
| Capital expenditure | CN¥403M | CN¥438M | CN¥396M | CN¥520M | CN¥529M |
| Total debt | CN¥3.96B | CN¥4.03B | CN¥3.96B | CN¥3.71B | CN¥3.36B |
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 | 002973.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.5% | -3.9% | 4th lowest of 21 |
| 6-month return | -14.4% | -18.6% | 9th highest of 21 |
| Distance from 52-week high | -36.2% | -32.2% | 10th lowest of 21 |
| Revenue growth (TTM) | -11.9% | +2.6% | 5th lowest of 21 |
| Operating margin | 10.5% | 7.0% | 9th highest of 21 |
| Forward P/E | 14.0× | 13.4× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 8.9% | -4.5% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +4.9% | +1.5% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | +4.0 pp | +0.3 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | -1.5 pp | -2.9 pp | 10th highest of 21 |
| EV / EBITDA | 13.0× | 16.9× | 4th cheapest of 9 |
| Net debt / EBITDA | 5.7× | 6.8× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| QiaoYin City Management 002973.SZ | China | $661M | -14% | -12% | 10% | 14.0× | 8.9% | +4.9% |
| Jiangxi JDL Environmental Protection 688057.SS | China | $662M | +28% | -22% | -6% | n/a | -5.3% | -19.8% |
| Seche Environnement SCHP.PA | France | $689M | -7% | +2% | 6% | 19.9× | 4.8% | +13.3% |
| China Resources and Environment 600217.SS | China | $719M | -24% | -19% | -8% | n/a | -13.6% | -2.2% |
| Zhejiang Feida Environmental Science & Technology 600526.SS | China | $596M | -18% | +3% | 7% | n/a | -5.3% | +9.5% |
| Shenzhen Lions King Hi-Tech 301305.SZ | China | $758M | -22% | +19% | 18% | 13.4× | n/a | n/a |
| Onterris ONT | United States | $770M | -1% | -1% | 1% | n/a | 44.1% | +20.4% |
| ECOVE Environment 6803.TWO | Taiwan | $545M | -12% | +6% | 18% | n/a | -4.5% | +11.4% |
| Wuhan Sanzhen Industry 600168.SS | China | $539M | -13% | -3% | 8% | n/a | n/a | n/a |
| Jinyuan EP 000546.SZ | China | $510M | -49% | +34% | -3% | n/a | n/a | n/a |
| Shanghai Conglin Environmental Protection Technology 688370.SS | China | $499M | -3% | -4% | 7% | 53.6× | n/a | n/a |
| Dongjiang Environmental 0895.HK | Hong Kong | $482M | -25% | +1% | -31% | n/a | 6.3% | +0.2% |
| Fujian Haixia Environmental Protection 603817.SS | China | $480M | -24% | -1% | 26% | 11.7× | n/a | n/a |
| BGT 300774.SZ | China | $475M | -52% | +3% | 4% | 9.9× | n/a | n/a |
| WELLE 300190.SZ | China | $471M | -21% | -17% | -9% | 6.7× | -8.9% | -12.5% |
| Cleanaway 8422.TW | Taiwan | $937M | -20% | +5% | 30% | 21.0× | n/a | n/a |
| China Everbright Water U9E.SI | Singapore | $462M | -13% | -33% | 34% | n/a | -1.4% | -1.7% |
| EIT Environmental Development 300815.SZ | China | $962M | -25% | +4% | 13% | 10.7× | -7.0% | +12.3% |
| Huaxin Resources Technology 301265.SZ | China | $1,000M | -14% | +13% | 7% | n/a | n/a | n/a |
| China Sciences Ecorizon Tech 301175.SZ | China | $1.01B | -7% | +42% | 25% | 18.1× | n/a | n/a |
| Yonker Environmental Protection 300187.SZ | China | $428M | -22% | +5% | 11% | n/a | 9.0% | +1.5% |