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Employees: 1,276
Size Hangzhou Onechance Tech Crop (300792.SZ) is a China Consumer Discretionary company (Internet Retail) with a market value of $839M, the 2648th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥23.55 on 6 Nov 2026.
Performance Over six months the shares fell 32.3%, against +3.8% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 18.8% over the last twelve months (peer median +2.0%); the operating margin is 9.1% (peer median 2.2%).
Valuation It trades at 46.2× forward earnings against a peer median of 23.0× (2nd most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +24 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 3.2 points below its cost of capital (9.5% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥908M | CN¥1.07B | CN¥1.23B | CN¥1.29B | CN¥1.53B |
| Revenue growth | — | -13% | -4% | -16% | — |
| Gross profit | CN¥296M | CN¥287M | CN¥279M | CN¥341M | CN¥490M |
| EBITDA | n/a | CN¥118M | CN¥63.6M | CN¥100M | CN¥217M |
| Net income | CN¥101M | CN¥108M | CN¥76.0M | CN¥108M | CN¥180M |
| Free cash flow | CN¥285M | CN¥361M | CN¥297M | CN¥26.0M | -CN¥191M |
| Capital expenditure | CN¥4.07M | CN¥10.9M | CN¥16.8M | CN¥78.7M | CN¥175M |
| Total debt | CN¥2.67M | CN¥31.0M | CN¥10.9M | CN¥21.9M | CN¥34.4M |
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 | 300792.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -1.4% | 10th highest of 21 |
| 6-month return | -32.3% | +3.8% | 2nd lowest of 21 |
| Distance from 52-week high | -54.4% | -25.5% | lowest of 21 |
| Revenue growth (TTM) | -18.8% | +2.0% | 3rd lowest of 21 |
| Operating margin | 9.1% | 2.2% | 5th highest of 21 |
| Forward P/E | 46.2× | 23.0× | 2nd most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | 6.6% | 5th most demanding of 14 |
| Growth delivered (Del g) | -3.7% | +12.5% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | +23.6 pp | +2.7 pp | 3rd most demanding of 14 |
| ROIC minus cost of capital | -3.2 pp | -2.9 pp | 9th highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Onechance Tech Crop 300792.SZ | China | $839M | -32% | -19% | 9% | 46.2× | 19.9% | -3.7% |
| Petco Health & Wellness WOOF | United States | $848M | +5% | -1% | 3% | 12.5× | 6.6% | +3.9% |
| Aucnet 3964.T | Japan | $824M | +12% | +12% | 15% | 15.5× | 0.1% | +21.6% |
| THG THG.L | United Kingdom | $877M | +30% | +10% | -1% | n/a | n/a | n/a |
| Global Top E-Commerce 002640.SZ | China | $757M | -12% | -6% | 1% | n/a | 33.4% | -19.8% |
| 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% |
| AO World AO..L | United Kingdom | $687M | +6% | +11% | 4% | 13.3× | 3.0% | -5.3% |
| ASKUL 2678.T | Japan | $682M | +2% | -20% | -5% | 29.2× | n/a | n/a |
| NanJi E-Commerce 002127.SZ | China | $1.05B | -1% | -28% | -12% | 29.9× | 6.4% | -9.0% |
| 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% |
| 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 |
| 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% |
| 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 |
| Liquidity Services LQDT | United States | $1.37B | +21% | +5% | 9% | 24.8× | 16.2% | +18.3% |
| LuxExperience B.V. Sponsored ADR LUXE | United States | $1.40B | +20% | +111% | -6% | 194.0× | n/a | n/a |
| HelloFresh HFG.DE | Germany | $483M | -28% | -13% | 0% | 9.7× | 24.1% | +12.5% |