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Chinese cross-border e-commerce seller, operating third-party stores on Amazon and other overseas marketplaces.
Chinese cross-border e-commerce seller, operating third-party stores on Amazon and other overseas marketplaces.
Sources goods, lists them in its own stores on marketplaces such as Amazon, and earns the difference between selling price and cost after platform fees, shipping and advertising. Because the marketplaces set the rules and fees, it relies heavily on a few platforms.
In one line: A Chinese cross-border Amazon third-party seller.
Moat: none. Marketplace-dependent seller with limited brand or cost differentiation.
Headquarters: Yiwu, Zhejiang, China · Employees: 3,050
Size Huakai Yibai Technology (300592.SZ) is a China Consumer Discretionary company (Internet Retail) with a market value of $966M, the 2358th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.46 on 6 Nov 2026.
Performance Over six months the shares gained 26.5%, against +3.8% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 11.5% over the last twelve months (peer median +3.4%); the operating margin is 6.9% (peer median 2.2%).
Valuation It trades at 15.7× forward earnings against a peer median of 29.2× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +132%, so the hurdle is -129 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.8 points above its cost of capital (8.9% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.54B | CN¥9.13B | CN¥9.02B | CN¥6.52B | CN¥4.42B |
| Revenue growth | — | +1% | +38% | +48% | — |
| Gross profit | CN¥3.25B | CN¥2.95B | CN¥2.96B | CN¥2.34B | CN¥1.62B |
| EBITDA | n/a | CN¥351M | CN¥309M | CN¥437M | CN¥328M |
| Net income | CN¥386M | CN¥147M | CN¥170M | CN¥332M | CN¥217M |
| Free cash flow | CN¥379M | CN¥768M | -CN¥449M | CN¥345M | CN¥279M |
| Capital expenditure | CN¥266M | CN¥206M | CN¥122M | CN¥24.3M | CN¥9.08M |
| Total debt | CN¥591M | CN¥699M | CN¥943M | CN¥286M | CN¥190M |
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 |
|---|---|---|---|---|---|---|
| Huakai Yibai Technology 300592.SZ | $966M | +27% | -11% | 7% | 15.7× | 3.4% |
| Guangzhou Ruoyuchen Technology 003010.SZ | $1.31B | -8% | +75% | 10% | 23.0× | 1.7% |
| Anker Innovations Technology 300866.SZ | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% |
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 | 300592.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.3% | -0.8% | 5th lowest of 21 |
| 6-month return | +26.5% | +3.8% | 3rd highest of 21 |
| Distance from 52-week high | -26.7% | -25.2% | 10th lowest of 21 |
| Revenue growth (TTM) | -11.5% | +3.4% | 5th lowest of 21 |
| Operating margin | 6.9% | 2.2% | 8th highest of 21 |
| Forward P/E | 15.7× | 29.2× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 3.4% | 7.4% | 5th least demanding of 13 |
| Growth delivered (Del g) | +132.3% | +0.1% | highest of 13 |
| Hurdle (Req g minus delivered) | -128.9 pp | +4.7 pp | least demanding of 13 |
| ROIC minus cost of capital | +6.8 pp | -3.2 pp | 4th highest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huakai Yibai Technology 300592.SZ | China | $966M | +27% | -11% | 7% | 15.7× | 3.4% | +132.3% |
| IndiaMART InterMESH INDIAMART.NS | India | $985M | -26% | +12% | 34% | 17.0× | 8.2% | +18.6% |
| NanJi E-Commerce 002127.SZ | China | $1.05B | -1% | -28% | -12% | 29.9× | 6.4% | -9.0% |
| THG THG.L | United Kingdom | $877M | +30% | +10% | -1% | n/a | n/a | n/a |
| Petco Health & Wellness WOOF | United States | $848M | +5% | -1% | 3% | 12.5× | 6.6% | +3.9% |
| Hangzhou Onechance Tech Crop 300792.SZ | China | $839M | -32% | -19% | 9% | 46.2× | 19.9% | -3.7% |
| Aucnet 3964.T | Japan | $824M | +12% | +12% | 15% | 15.5× | 0.1% | +21.6% |
| Akso Health Group Sponsored ADR AHG | United States | $1.14B | -34% | -6% | -29% | n/a | n/a | n/a |
| Vedant Fashions MANYAVAR.NS | India | $1.22B | +6% | +2% | 32% | 29.6× | 21.4% | +21.5% |
| Global Top E-Commerce 002640.SZ | China | $757M | -12% | -6% | 1% | n/a | 33.4% | -19.8% |
| Guangzhou Ruoyuchen Technology 003010.SZ | China | $1.31B | -8% | +75% | 10% | 23.0× | 1.7% | +24.7% |
| Revolve RVLV | United States | $1.32B | -11% | +15% | 6% | 20.4× | n/a | n/a |
| AO World AO..L | United Kingdom | $687M | +6% | +11% | 4% | 13.3× | 3.0% | -5.3% |
| Liquidity Services LQDT | United States | $1.37B | +21% | +5% | 9% | 24.8× | 16.2% | +18.3% |
| ASKUL 2678.T | Japan | $682M | +2% | -20% | -5% | 29.2× | n/a | n/a |
| Yiwu Huading Nylon 601113.SS | China | $670M | -28% | -5% | 1% | 41.2× | n/a | n/a |
| ASOS ASC.L | United Kingdom | $670M | +88% | -15% | -1% | n/a | 1.2% | -5.5% |
| LuxExperience B.V. Sponsored ADR LUXE | United States | $1.40B | +20% | +111% | -6% | 194.0× | n/a | n/a |
| Groupon GRPN | United States | $630M | -13% | +2% | 2% | 33.7× | 27.5% | -18.9% |
| Belluna 9997.T | Japan | $629M | +22% | +5% | 8% | n/a | n/a | n/a |
| RealReal REAL | United States | $1.61B | +25% | +18% | 0% | 47.8× | n/a | n/a |