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Sichuan-based state-owned publisher and distributor of textbooks, books and educational materials, with retail bookstores across Sichuan.
Sichuan-based state-owned publisher and distributor of textbooks, books and educational materials, with retail bookstores across Sichuan.
Most income comes from distributing state-funded textbooks and teaching aids to Sichuan schools, a steady contract-based flow set each school year. Publishing earns from selling books and periodicals it produces, while bookstores and online sales add lower-margin retail income. Free-textbook procurement volumes carry the results.
In one line: A Chinese state-owned Scholastic-style publisher-retailer.
Moat: narrow (regulatory licence, distribution). Dominant textbook distribution in Sichuan through the provincial publishing group network and publishing licences.
Headquarters: Chengdu, China · Founded: 2005 · Employees: 7,354
Size Xinhua Winshare Publishing & Media (0811.HK) is a Hong Kong Industrials company (Wholesale Distributors) with a market value of $2.60B, the 373rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.78 on 6 Nov 2026.
Performance Over six months the shares fell 15.0%, against +3.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 0.7% over the last twelve months (peer median +7.9%); the operating margin is 7.0% (peer median 5.1%).
Valuation It trades at 6.6× forward earnings against a peer median of 14.9× (cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.0 points above its cost of capital (5.8% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$12.8B | HK$12.7B | HK$13.4B | HK$13.1B | HK$12.7B |
| Revenue growth | — | -5% | +2% | +3% | — |
| Gross profit | HK$4.33B | HK$4.23B | HK$4.61B | HK$4.68B | HK$4.34B |
| EBITDA | n/a | HK$1.51B | HK$1.74B | HK$1.83B | HK$1.77B |
| Net income | HK$1.65B | HK$1.70B | HK$1.67B | HK$1.74B | HK$1.62B |
| Free cash flow | HK$1.81B | HK$1.56B | HK$1.97B | HK$2.53B | HK$2.23B |
| Capital expenditure | HK$172M | HK$194M | HK$164M | HK$199M | HK$252M |
| Total debt | HK$389M | HK$398M | HK$289M | HK$410M | HK$510M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Xinhua Winshare Publishing & Media 0811.HK | $2.60B | -15% | +1% | 7% | 6.6× | -10.6% |
| China South Publishing & Media 601098.SS | $3.11B | +2% | -1% | 11% | 13.6× | -20.2% |
| Jiangsu Phoenix Publishing & Media 601928.SS | $3.60B | 0% | -13% | 7% | 15.4× | -7.9% |
| Zhejiang Publishing & Media 601921.SS | $2.71B | +7% | -7% | 10% | 14.0× | -12.6% |
| Anhui Xinhua Media 601801.SS | $1.72B | -3% | -16% | 4% | 13.6× | n/a |
| Chinese Universe Publishing & Media 600373.SS | $1.57B | -6% | -5% | -4% | 26.0× | n/a |
| Changjiang Publishing & Media 600757.SS | $1.67B | +6% | -3% | 11% | 9.9× | -9.5% |
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 | 0811.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.3% | -5.0% | 3rd highest of 21 |
| 6-month return | -15.0% | +3.7% | 5th lowest of 21 |
| Distance from 52-week high | -21.3% | -20.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +0.7% | +7.9% | 3rd lowest of 21 |
| Operating margin | 7.0% | 5.1% | 8th highest of 21 |
| Forward P/E | 6.6× | 14.9× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -10.6% | 6.6% | least demanding of 20 |
| Growth delivered (Del g) | +4.7% | +8.8% | 8th lowest of 20 |
| Hurdle (Req g minus delivered) | -15.2 pp | -1.9 pp | 3rd least demanding of 20 |
| ROIC minus cost of capital | +4.0 pp | +0.8 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xinhua Winshare Publishing & Media 0811.HK | Hong Kong | $2.60B | -15% | +1% | 7% | 6.6× | -10.6% | +4.7% |
| Workman 7564.T | Japan | $2.57B | -31% | +21% | 19% | 17.1× | 4.6% | +8.7% |
| Bufab BUFAB.ST | Sweden | $2.55B | +16% | +8% | 13% | 29.2× | 18.7% | +11.2% |
| IWATANI 8088.T | Japan | $2.73B | -4% | +5% | 5% | 7.6× | 4.3% | +10.1% |
| Boise Cascade BCC | United States | $2.44B | -1% | +1% | 3% | 24.1× | 7.7% | +3.2% |
| Marco Polo 001386.SZ | China | $2.80B | -15% | -12% | 21% | n/a | -7.2% | -5.5% |
| DNOW DNOW | United States | $2.40B | +2% | +70% | -3% | 23.6× | 9.8% | +11.7% |
| Jiangsu Azure 002245.SZ | China | $2.82B | -21% | +27% | 12% | 14.6× | 11.8% | +13.8% |
| Inchcape INCH.L | United Kingdom | $2.87B | -21% | +7% | 6% | 7.5× | -6.0% | +5.9% |
| OEM International OEM-B.ST | Sweden | $2.34B | +11% | +11% | 15% | 29.9× | 14.6% | +10.1% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 7.8× | -4.2% | +8.8% |
| Nagase & 8012.T | Japan | $2.96B | -9% | +8% | 5% | 10.9× | 3.5% | +3.2% |
| Russel Metals RUS.TO | Canada | $2.98B | +36% | +18% | 5% | 14.4× | 8.7% | +11.5% |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 20.7× | 6.6% | +14.9% |
| Macnica 3132.T | Japan | $3.23B | +8% | +35% | 4% | 11.8× | n/a | n/a |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | n/a | 44.5% | +2.3% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% | +4.5% |
| Dalrymple Bay Infrastructure DBI.AX | Australia | $1.92B | +6% | +11% | 29% | 26.2× | 7.8% | +104.8% |
| ARE 5857.T | Japan | $1.89B | +1% | +38% | 7% | 9.3× | 2.0% | +29.4% |
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |