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Beijing state-linked investment holding company with interests spanning financial services and infrastructure-related investments.
Beijing state-linked investment holding company with interests spanning financial services and infrastructure-related investments.
Moat: none
Headquarters: Beijing/Hong Kong · Employees: 445
Size Shoucheng (0697.HK) is a Hong Kong Consumer Discretionary company (Other Consumer Services) with a market value of $1.33B, the 522nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.24 on 6 Nov 2026.
Performance Over six months the shares fell 27.1%, against -8.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 1.2% over the last twelve months (peer median +4.0%); the operating margin is 16.0% (peer median 15.1%).
Valuation It trades at 15.5× forward earnings against a peer median of 11.4× (8th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +6 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 5.2 points below its cost of capital (7.6% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$1.39B | HK$1.44B | HK$1.22B | HK$883M | HK$1.60B |
| Revenue growth | — | +18% | +38% | -45% | — |
| Gross profit | HK$565M | HK$565M | HK$507M | HK$360M | HK$1.06B |
| EBITDA | HK$518M | HK$502M | HK$460M | HK$219M | HK$877M |
| Net income | HK$177M | HK$310M | HK$410M | HK$404M | HK$922M |
| Free cash flow | HK$65.5M | HK$817M | HK$473M | HK$839M | HK$658M |
| Capital expenditure | -HK$7.52M | HK$21.4M | HK$104M | HK$135M | HK$36.3M |
| Total debt | n/a | HK$3.02B | HK$3.35B | HK$2.19B | HK$2.60B |
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 | 0697.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -2.0% | 9th lowest of 21 |
| 6-month return | -27.1% | -8.3% | 5th lowest of 21 |
| Distance from 52-week high | -49.0% | -30.0% | 3rd lowest of 21 |
| Revenue growth (TTM) | -1.2% | +4.0% | 6th lowest of 21 |
| Operating margin | 16.0% | 15.1% | 9th highest of 21 |
| Forward P/E | 15.5× | 11.4× | 8th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 21.2% | -1.8% | most demanding of 18 |
| Growth delivered (Del g) | +15.3% | +23.2% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | +6.0 pp | -21.7 pp | most demanding of 18 |
| ROIC minus cost of capital | -5.2 pp | +4.9 pp | 3rd lowest of 20 |
| EV / EBITDA | 15.6× | 6.8× | most expensive of 17 |
| Net debt / EBITDA | -4.6× | 0.7× | least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shoucheng 0697.HK | Hong Kong | $1.33B | -27% | -1% | 16% | 15.5× | 21.2% | +15.3% |
| AcadeMedia ACAD.ST | Sweden | $1.22B | +20% | +8% | 7% | 9.9× | -1.8% | +8.7% |
| Strategic Education STRA | United States | $1.16B | -35% | +4% | 16% | 7.9× | -12.6% | +4.3% |
| Zhang Jia Jie Tourism 000430.SZ | China | $1.15B | -22% | +20% | -81% | n/a | n/a | n/a |
| Changbai Mountain Tourism 603099.SS | China | $1.54B | +8% | +2% | 20% | 71.9× | 15.4% | +39.7% |
| CATARC Automotive Proving Ground 301215.SZ | China | $1.10B | -12% | +23% | 43% | n/a | n/a | n/a |
| Saga SAGA.L | United Kingdom | $1.67B | +56% | +37% | 16% | 18.6× | 12.6% | +14.3% |
| Perdoceo Education PRDO | United States | $1.68B | -25% | +12% | 25% | 9.1× | -16.0% | +4.2% |
| Flight Centre Travel FLT.AX | Australia | $1.72B | +17% | +3% | 7% | 11.4× | 8.5% | +48.5% |
| Afya AFYA | United States | $960M | -25% | +17% | 32% | 5.9× | -16.3% | +23.2% |
| Sats SATS.OL | Norway | $937M | +10% | +5% | 18% | 15.2× | -5.9% | +10.6% |
| Park24 4666.T | Japan | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% | +8.6% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
| Voyageurs du Monde ALVDM.PA | France | $896M | +28% | +4% | 8% | 18.1× | 1.8% | +46.3% |
| Trainline TRN.L | United Kingdom | $887M | -5% | +1% | 27% | 7.9× | -8.0% | +46.5% |
| Webbeds WEB.AX | Australia | $871M | +45% | +20% | 25% | 15.7× | 4.5% | +50.3% |
| Dongguan Kingsun Optoelectronic 002638.SZ | China | $849M | -16% | -24% | -34% | n/a | n/a | n/a |
| Shaanxi Tourism Culture Industry 603402.SS | China | $832M | -36% | -18% | 54% | 18.7× | -15.9% | +27.6% |
| TripAdvisor TRIP | United States | $820M | -38% | -4% | 5% | 10.1× | -6.6% | +25.6% |
| China Travel International Investment Hong Kong 0308.HK | Hong Kong | $809M | 0% | -7% | 11% | 23.4× | 5.4% | +15.7% |
| Mader MAD.AX | Australia | $806M | -29% | +15% | 9% | 15.7× | 5.2% | +26.9% |