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Employees: 944
Size FS Development Investment (300071.SZ) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $612M, the 3377th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.23 on 6 Nov 2026.
Performance Over six months the shares fell 13.0%, against -17.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 41.4% over the last twelve months (peer median +4.7%); the operating margin is -17.6% (peer median 9.3%).
Valuation It trades at 6.7× enterprise value to sales against a peer median of 2.7× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +34 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 55.5 points below its cost of capital (9.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥606M | CN¥1.02B | CN¥1.22B | CN¥1.38B | CN¥1.21B |
| Revenue growth | — | -17% | -12% | +14% | — |
| Gross profit | CN¥187M | CN¥253M | CN¥294M | CN¥278M | CN¥330M |
| EBITDA | n/a | -CN¥84.9M | -CN¥154M | -CN¥7.34M | CN¥6.62M |
| Net income | -CN¥86.9M | -CN¥122M | -CN¥131M | -CN¥21.5M | CN¥29.2M |
| Free cash flow | n/a | CN¥55.8M | -CN¥108M | -CN¥8.17M | CN¥136M |
| Capital expenditure | n/a | CN¥1.15M | CN¥993,309 | CN¥13.6M | CN¥8.66M |
| Total debt | CN¥28.5M | CN¥80.8M | CN¥121M | CN¥52.3M | CN¥10.6M |
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 | 300071.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.3% | -0.1% | 5th highest of 21 |
| 6-month return | -13.0% | -17.7% | 9th highest of 21 |
| Distance from 52-week high | -57.1% | -36.4% | 4th lowest of 21 |
| Revenue growth (TTM) | -41.4% | +4.7% | lowest of 21 |
| Operating margin | -17.6% | 9.3% | lowest of 21 |
| EV / Sales | 6.7× | 2.7× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 34.6% | -0.3% | most demanding of 14 |
| Growth delivered (Del g) | +1.0% | +12.1% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | +33.6 pp | -7.5 pp | most demanding of 14 |
| ROIC minus cost of capital | -55.5 pp | +0.5 pp | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FS Development Investment 300071.SZ | China | $612M | -13% | -41% | -18% | 6.7× | 34.6% | +1.0% |
| M-Grass Ecology And Environment (Group) 300355.SZ | China | $611M | -30% | -23% | -13% | 5.1× | 11.6% | +0.5% |
| China Design 603018.SS | China | $616M | -20% | -8% | 7% | 0.8× | -8.0% | -5.1% |
| Yokorei 2874.T | Japan | $617M | 0% | +1% | 5% | 1.6× | n/a | n/a |
| Strike 6196.T | Japan | $618M | +29% | +33% | 38% | 2.6× | n/a | n/a |
| Suzhou Electrical Apparatus Science Academy 300215.SZ | China | $605M | -36% | +8% | 9% | 6.4× | 8.1% | -4.9% |
| Pourin Special Welding Technology 301468.SZ | China | $621M | -40% | -4% | 5% | 7.2× | n/a | n/a |
| Medlive Technology 2192.HK | Hong Kong | $621M | -25% | +6% | 29% | 2.6× | -0.3% | +23.8% |
| Plus Alpha Consulting 4071.T | Japan | $602M | +3% | +13% | 39% | 4.2× | 2.9% | +29.3% |
| China Testing & Certification International 603060.SS | China | $602M | -25% | -6% | 4% | 2.5× | 12.0% | +12.1% |
| Jiangxi First Hydraulic 301446.SZ | China | $601M | -5% | +33% | 10% | 5.1× | n/a | n/a |
| LEPU ScienTech Medical Technology (Shanghai) 2291.HK | Hong Kong | $624M | +25% | -4% | 42% | 6.0× | -8.4% | +28.0% |
| Winstek Semiconductor 3265.TWO | Taiwan | $593M | -24% | +15% | 20% | 3.8× | n/a | n/a |
| Framery FRAMERY.HE | Finland | $632M | 0% | +37% | 20% | 2.8× | 5.9% | +13.4% |
| Shanghai FourSemi Semiconductor 3625.HK | Hong Kong | $592M | -69% | +3% | -16% | 10.8× | n/a | n/a |
| Shenzhen Longtech Smart Control 300916.SZ | China | $589M | -27% | -2% | 3% | 2.1× | n/a | n/a |
| BELLSYSTEM24 6183.T | Japan | $637M | -10% | +1% | 8% | 1.0× | -5.7% | +1.4% |
| Fiera Milano FM.MI | Italy | $581M | -15% | +46% | 22% | 1.6× | -5.8% | +38.8% |
| PayPoint PAY.L | United Kingdom | $580M | +25% | +8% | 21% | 1.3× | -15.9% | +21.4% |
| Intrum INTRUM.ST | Sweden | $645M | -53% | -4% | 28% | 2.6× | -8.9% | +0.2% |
| ChemPartner PharmaTech 300149.SZ | China | $645M | -14% | +18% | 2% | 3.5× | 25.6% | -5.2% |