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Chinese fragrance and flavor company, the dominant supplier of flavor additives to China's cigarette/tobacco industry plus food and fine-fragrance flavors.
Chinese fragrance and flavor company, the dominant supplier of flavor additives to China's cigarette/tobacco industry plus food and fine-fragrance flavors.
Tobacco flavourings are made to individual cigarette-makers' recipes and sold to units of China's state tobacco monopoly, giving stable demand tied to cigarette output rather than price. It has added food flavours and aroma chemicals to reduce its dependence on one customer group.
In one line: A Chinese Givaudan/IFF, concentrated in tobacco flavors.
Moat: narrow (regulatory licence, customer qualification, scale). Long-standing, near-monopoly supplier relationship with China's state tobacco monopoly.
Headquarters: Shenzhen, China · Employees: 1,296
Size Huabao Technology (300741.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $1.63B, the 1519th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.66 on 6 Nov 2026.
Performance Over six months the shares gained 6.5%, against -24.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +14.4%); the operating margin is 1.1% (peer median 7.6%).
Valuation It trades at 4.4× enterprise value to sales against a peer median of 1.6× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 45% a year for seven years (Req g). Recent delivered growth is -8%, so the hurdle is +54 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 7.5 points below its cost of capital (9.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.49B | CN¥1.33B | CN¥1.35B | CN¥1.47B | CN¥1.88B |
| Revenue growth | — | -1% | -9% | -21% | — |
| Gross profit | CN¥719M | CN¥590M | CN¥696M | CN¥767M | CN¥1.14B |
| EBITDA | n/a | CN¥84.1M | CN¥164M | CN¥388M | CN¥724M |
| Net income | CN¥191M | CN¥83.8M | -CN¥296M | CN¥379M | CN¥725M |
| Free cash flow | CN¥31.3M | CN¥160M | CN¥385M | CN¥603M | CN¥611M |
| Capital expenditure | CN¥156M | CN¥46.0M | CN¥55.6M | CN¥133M | CN¥168M |
| Total debt | CN¥63.5M | CN¥63.8M | CN¥138M | CN¥321M | CN¥547M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Huabao Technology 300741.SZ | $1.63B | +7% | +17% | 1% | 4.4× | 45.3% |
| Givaudan GIVN.SW | $45.8B | +47% | -2% | 18% | 5.7× | 10.6% |
| International Flavors & Fragrances IFF | $20.7B | +2% | -17% | 11% | 3.0× | 17.9% |
| Symrise SY1.DE | $15.1B | +30% | -1% | 12% | 3.1× | 8.1% |
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 | 300741.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.2% | -14.8% | 3rd lowest of 21 |
| 6-month return | +6.5% | -24.4% | 3rd highest of 20 |
| Distance from 52-week high | -41.2% | -42.5% | 10th highest of 21 |
| Revenue growth (TTM) | +16.6% | +14.4% | 11th highest of 21 |
| Operating margin | 1.1% | 7.6% | lowest of 21 |
| EV / Sales | 4.4× | 1.6× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 45.3% | 6.7% | most demanding of 13 |
| Growth delivered (Del g) | -8.5% | +6.0% | lowest of 13 |
| Hurdle (Req g minus delivered) | +53.8 pp | +2.8 pp | most demanding of 13 |
| ROIC minus cost of capital | -7.5 pp | -1.1 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huabao Technology 300741.SZ | China | $1.63B | +7% | +17% | 1% | 4.4× | 45.3% | -8.5% |
| Chambal Fertilisers & Chemicals CHAMBLFERT.NS | India | $1.63B | -15% | +6% | 12% | 0.8× | n/a | n/a |
| Ningbo Yunsheng 600366.SS | China | $1.64B | -24% | +33% | 6% | 1.8× | 19.1% | +17.9% |
| Tokuyama 4043.T | Japan | $1.63B | -11% | +7% | 9% | 1.1× | 1.1% | +2.9% |
| Fujian Kuncai Material Technology 603826.SS | China | $1.64B | -51% | +59% | 5% | 7.8× | 24.1% | +11.0% |
| Shenzhen Dynanonic 300769.SZ | China | $1.65B | -50% | +188% | 4% | 1.1× | n/a | n/a |
| Guangdong Dowstone Technology 300409.SZ | China | $1.59B | -50% | +34% | 6% | 1.4× | n/a | n/a |
| Shida Shinghwa Advanced Material 603026.SS | China | $1.68B | -58% | +58% | 8% | 1.6× | n/a | n/a |
| Genesis Energy, L.P GEL | United States | $1.57B | -21% | -17% | 19% | 3.0× | 2.2% | -2.2% |
| Proto Labs PRLB | United States | $1.57B | -5% | +12% | 8% | 2.5× | 26.8% | +4.2% |
| ADAMA 000553.SZ | China | $1.55B | -33% | -6% | 3% | 0.8× | -7.2% | +0.3% |
| Tangshan SunFar Silicon Industries 603938.SS | China | $1.72B | +6% | +30% | 8% | 4.3× | n/a | n/a |
| Stepan SCL | United States | $1.52B | +26% | +10% | 4% | 0.7× | 14.9% | +4.5% |
| Crystal Clear Electronic Material 300655.SZ | China | $1.75B | -25% | +27% | 7% | 6.1× | n/a | n/a |
| Osaka Soda 4046.T | Japan | $1.52B | -2% | +8% | 19% | 2.0× | 5.1% | +0.5% |
| Befar 6745.HK | Hong Kong | $1.52B | n/a | +25% | 5% | 1.0× | 3.6% | +17.3% |
| Denka 4061.T | Japan | $1.51B | -33% | -3% | 9% | 1.2× | n/a | n/a |
| KumhoPetrochem 011780.KS | South Korea | $1.50B | -37% | 0% | 7% | 0.3× | -16.5% | +7.5% |
| Anhui Wanwei Updated High-Tech Material Industry 600063.SS | China | $1.49B | -32% | +3% | 4% | 1.7× | n/a | n/a |
| Fuso Chemical 4368.T | Japan | $1.79B | -19% | +17% | 26% | 2.9× | 8.4% | +12.8% |
| Shaily Engineering Plastics SHAILY.NS | India | $1.48B | +14% | +18% | 24% | 13.0× | 35.8% | +22.8% |