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Employees: 283
Size Funshine Culture (300860.SZ) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $858M, the 2601st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.36 on 6 Nov 2026.
Performance Over six months the shares gained 21.2%, against -11.3% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 48.5% over the last twelve months (peer median +3.8%); the operating margin is -34.7% (peer median 10.4%).
Valuation It trades at 28.1× forward earnings against a peer median of 19.9× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is -25%, so the hurdle is +52 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 20.9 points below its cost of capital (8.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥204M | CN¥239M | CN¥577M | CN¥676M | CN¥318M |
| Revenue growth | — | -59% | -15% | +113% | — |
| Gross profit | CN¥55.8M | CN¥33.9M | CN¥170M | CN¥240M | CN¥68.7M |
| EBITDA | n/a | -CN¥28.9M | CN¥26.3M | CN¥139M | -CN¥68.4M |
| Net income | -CN¥18.2M | -CN¥16.6M | CN¥41.8M | CN¥134M | CN¥14.7M |
| Free cash flow | CN¥49.0M | CN¥1.25M | CN¥140M | -CN¥1.61M | CN¥105M |
| Capital expenditure | CN¥9.78M | CN¥13.7M | CN¥42.3M | CN¥34.2M | CN¥22.9M |
| Total debt | CN¥3.86M | CN¥10.9M | CN¥21.7M | CN¥54.0M | CN¥58.5M |
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 | 300860.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.6% | -4.2% | 3rd highest of 21 |
| 6-month return | +21.2% | -11.3% | 4th highest of 21 |
| Distance from 52-week high | -15.8% | -38.1% | 3rd highest of 21 |
| Revenue growth (TTM) | -48.5% | +3.8% | lowest of 21 |
| Operating margin | -34.7% | 10.4% | lowest of 21 |
| Forward P/E | 28.1× | 19.9× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 27.8% | 5.4% | 3rd most demanding of 15 |
| Growth delivered (Del g) | -24.6% | +18.0% | lowest of 15 |
| Hurdle (Req g minus delivered) | +52.4 pp | -18.2 pp | most demanding of 15 |
| ROIC minus cost of capital | -20.9 pp | +3.4 pp | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Funshine Culture 300860.SZ | China | $858M | +21% | -49% | -35% | 28.1× | 27.8% | -24.6% |
| NOMURA 9716.T | Japan | $861M | +4% | -10% | 7% | 14.1× | -8.4% | +8.6% |
| DOOSAN TESNA 131970.KS | South Korea | $861M | -53% | +3% | 11% | 36.9× | 17.8% | +18.1% |
| Aimed Bio 0009K0.KS | South Korea | $875M | -61% | +223% | 36% | n/a | 13.2% | +652.2% |
| IP Group plc IPO.L | United Kingdom | $879M | +13% | -37% | 51% | 11.9× | n/a | n/a |
| TaskUs TASK | United States | $833M | +41% | +11% | 12% | 6.5× | 0.5% | +19.9% |
| Anbang Save-Guard 603373.SS | China | $830M | +30% | -1% | 14% | 41.5× | 6.7% | +5.6% |
| Xi'an High Voltage Apparatus Research Institute 688334.SS | China | $889M | -10% | +4% | 29% | 21.3× | -2.4% | +20.3% |
| Karnov KAR.ST | Sweden | $828M | +16% | -4% | 20% | 20.2× | 4.1% | +27.9% |
| Zhejiang Meorient Commerce & Exhibition 300795.SZ | China | $890M | -1% | -3% | 18% | 29.6× | n/a | n/a |
| PharmaResources (Shanghai) 301230.SZ | China | $822M | -4% | +9% | 0% | 90.5× | 42.7% | +19.5% |
| Cuscal CCL.AX | Australia | $815M | +26% | +19% | 12% | 19.6× | n/a | n/a |
| Beyondsoft 002649.SZ | China | $813M | -12% | -6% | 2% | 25.5× | 8.3% | +9.2% |
| Embedway Technologies (Shanghai) 603496.SS | China | $910M | -37% | +4% | 1% | 137.0× | 54.3% | +14.5% |
| Omat Advanced Materials (Guangdong) 688530.SS | China | $809M | -16% | +82% | 9% | n/a | n/a | n/a |
| transcosmos 9715.T | Japan | $802M | -12% | +6% | 4% | 9.6× | -18.5% | +3.2% |
| AXISCADES Technologies AXISCADES.NS | India | $802M | -17% | +5% | 10% | 7.8× | n/a | n/a |
| Huatu Cendes 300492.SZ | China | $800M | -44% | -8% | -2% | n/a | 17.6% | +91.2% |
| Shaanxi Fenghuo Electronics 000561.SZ | China | $929M | -24% | +8% | -26% | n/a | n/a | n/a |
| Wavestone WAVE.PA | France | $931M | -22% | +1% | 12% | 10.0× | -5.3% | +18.0% |
| W.A.G. Payment Solutions EWG.L | United Kingdom | $935M | -4% | +16% | 3% | 17.5× | -1.7% | +12.2% |