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Employees: 30,287
Size Zhongsheng Hldg (0881.HK) is a Hong Kong Consumer Discretionary company (Specialty Stores) with a market value of $656M, the 693rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.15 on 6 Nov 2026.
Performance Over six months the shares fell 70.2%, against -8.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 5.0% over the last twelve months (peer median +5.0%); the operating margin is -0.3% (peer median 3.8%).
Valuation It trades at 7.6× forward earnings against a peer median of 11.4× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +47 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 5.8 points below its cost of capital (5.3% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$167B | HK$178B | HK$182B | HK$198B | HK$209B |
| Revenue growth | — | -2% | -8% | -5% | — |
| Gross profit | HK$10.8B | HK$9.58B | HK$11.6B | HK$15.2B | HK$18.6B |
| EBITDA | HK$2.48B | HK$1.51B | HK$3.96B | HK$6.31B | HK$9.85B |
| Net income | -HK$2.81B | -HK$1.81B | HK$3.48B | HK$5.54B | HK$7.78B |
| Free cash flow | HK$125M | HK$5.63B | HK$419M | HK$3.03B | HK$5.73B |
| Capital expenditure | HK$2.68B | HK$3.22B | HK$2.48B | HK$3.20B | HK$4.48B |
| Total debt | n/a | HK$53.4B | HK$53.8B | HK$48.3B | HK$40.7B |
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 | 0881.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | +0.3% | 3rd lowest of 21 |
| 6-month return | -70.2% | -8.0% | lowest of 21 |
| Distance from 52-week high | -83.5% | -29.8% | lowest of 21 |
| Revenue growth (TTM) | -5.0% | +5.0% | 7th lowest of 21 |
| Operating margin | -0.3% | 3.8% | 5th lowest of 21 |
| Forward P/E | 7.6× | 11.4× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 48.7% | 3.1% | most demanding of 16 |
| Growth delivered (Del g) | +1.4% | +7.6% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | +47.4 pp | -2.2 pp | most demanding of 16 |
| ROIC minus cost of capital | -5.8 pp | +0.0 pp | 6th lowest of 21 |
| Net debt / EBITDA | 11.9× | 2.3× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhongsheng Hldg 0881.HK | Hong Kong | $656M | -70% | -5% | 0% | 7.6× | 48.7% | +1.4% |
| Betterware de Mexico, S.A.P.I. de C.V BWMX | United States | $655M | -1% | +28% | 17% | 6.3× | -9.2% | +17.0% |
| Wuxi Commercial Mansion Grand Orient 600327.SS | China | $652M | +24% | -28% | 1% | 12.9× | 13.2% | -16.3% |
| Kid KID.OL | Norway | $640M | +23% | +5% | 11% | 17.7× | 5.0% | +5.7% |
| Qingdao Citymedia 600229.SS | China | $636M | +2% | -12% | -22% | n/a | n/a | n/a |
| V-Mart Retail VMART.NS | India | $636M | +14% | +18% | 6% | 38.9× | 36.5% | +28.6% |
| ValueMax T6I.SI | Singapore | $631M | -21% | +32% | 20% | 6.7× | n/a | n/a |
| Hubei Three Gorges Tourism 002627.SZ | China | $684M | -14% | +8% | 13% | 28.3× | n/a | n/a |
| Fujian Zhangzhou Development 000753.SZ | China | $686M | -31% | -21% | -3% | n/a | 38.9% | -2.4% |
| Vats Liquor Chain Store Management Joint Stock 300755.SZ | China | $689M | -19% | -22% | 0% | n/a | 19.4% | +3.6% |
| IDOM 7599.T | Japan | $601M | -28% | +17% | 3% | 8.5× | -6.7% | +8.1% |
| Wickes WIX.L | United Kingdom | $717M | +36% | +4% | 4% | 13.3× | 2.2% | +4.0% |
| ZJAMP 002758.SZ | China | $585M | -18% | +23% | 2% | n/a | n/a | n/a |
| Halfords HFD.L | United Kingdom | $744M | +65% | +5% | 3% | 12.5× | 4.7% | +6.9% |
| EVgo EVGO | United States | $576M | -7% | +31% | -27% | n/a | n/a | n/a |
| ME Group International MEGP.L | United Kingdom | $568M | -17% | +1% | 25% | 8.3× | -11.6% | +11.1% |
| Rayhoo Motor Dies 002997.SZ | China | $769M | -18% | +9% | 11% | 10.3× | -2.8% | +28.3% |
| Musti MUSTI.HE | Finland | $558M | -9% | -8% | 1% | 11.4× | 40.3% | +12.3% |
| Matas A/S MATAS.CO | Denmark | $542M | -19% | +4% | 6% | 8.6× | -1.0% | +16.1% |
| Sa Sa International 0178.HK | Hong Kong | $536M | +47% | +11% | 5% | 12.7× | 3.1% | +7.6% |
| Pan German Universal Motors 2247.TW | Taiwan | $532M | +2% | -22% | 3% | 8.4× | -8.1% | +5.4% |