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Employees: 544
Size Hangzhou Heshun Technology (301237.SZ) is a China Materials company (Industrial Specialties) with a market value of $471M, the 4007th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥28.68 on 6 Nov 2026.
Performance Over six months the shares fell 40.7%, against -21.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +7.1%); the operating margin is -20.2% (peer median 4.6%).
Valuation It trades at 2.72× book value against a peer median of 1.87× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 29.8%; Hangzhou Heshun Technology delivers -12.7%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥724M | CN¥594M | CN¥506M | CN¥421M | CN¥503M |
| Revenue growth | — | +18% | +20% | -16% | — |
| Gross profit | CN¥126M | CN¥37.2M | CN¥28.2M | CN¥52.7M | CN¥94.2M |
| EBITDA | n/a | CN¥25.5M | CN¥4.98M | CN¥29.3M | CN¥81.5M |
| Net income | -CN¥156M | -CN¥182M | -CN¥47.1M | CN¥14.6M | CN¥65.3M |
| Free cash flow | -CN¥114M | -CN¥348M | -CN¥285M | -CN¥260M | -CN¥170M |
| Capital expenditure | CN¥126M | CN¥400M | CN¥225M | CN¥260M | CN¥242M |
| Total debt | CN¥511M | CN¥434M | CN¥142M | CN¥74.3M | CN¥46.1M |
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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 | 301237.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.7% | -12.0% | 5th lowest of 21 |
| 6-month return | -40.7% | -21.5% | 5th lowest of 20 |
| Return on equity | -12.7% | 4.1% | 2nd lowest of 21 |
| Price / book | 2.72× | 1.87× | 7th most expensive of 21 |
| ROE the price implies | 29.8% | 14.7% | 6th most demanding of 21 |
| ROE delivered | -12.7% | 4.0% | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Heshun Technology 301237.SZ | China | $471M | -41% | +23% | -13% | 2.72× | 29.8% | -12.7% |
| Shanghai Kinlita Chemical 300225.SZ | China | $472M | +7% | +20% | 2% | 3.73× | 49.0% | 2.0% |
| Matsumoto Yushiseiyaku 4365.T | Japan | $467M | +10% | -1% | 10% | 0.72× | 4.2% | 9.9% |
| Sokan New Materials 688157.SS | China | $476M | -44% | -8% | 0% | 2.38× | 19.5% | 0.2% |
| SANVO Fine Chemicals 0301.HK | Hong Kong | $476M | +269% | +3% | -7% | 15.94× | 39.7% | -7.5% |
| Jiangsu Xiuqiang Glasswork 300160.SZ | China | $478M | -20% | -8% | 4% | 1.22× | 7.8% | 4.0% |
| Indigo Paints INDIGOPNTS.NS | India | $462M | -1% | +12% | 13% | 3.69× | 48.4% | 13.3% |
| Hubei Xiangyuan New Material Technology 300980.SZ | China | $461M | -52% | +15% | 6% | 2.10× | 15.9% | 5.5% |
| Shanxi Huhua 003002.SZ | China | $482M | -52% | -4% | 5% | 1.50× | 12.3% | 5.2% |
| Sanlux 002224.SZ | China | $458M | -22% | +8% | -1% | 0.95× | 5.4% | -1.0% |
| Beijing Comens New Materials 300200.SZ | China | $491M | -24% | +20% | 4% | 1.91× | 18.9% | 4.2% |
| Kangda New Materials (Group) 002669.SZ | China | $498M | -18% | +23% | 4% | 1.16× | 12.7% | 3.8% |
| NanJing Sanchao Advanced Materials 300554.SZ | China | $508M | -27% | +6% | -24% | 3.02× | 33.5% | -23.7% |
| Shenzhen King Explorer Science & Technology 002917.SZ | China | $509M | -25% | +1% | 8% | 1.94× | 8.9% | 8.1% |
| Praise Victor Industrial 7768.TW | Taiwan | $434M | n/a | +3% | 13% | 3.20× | 20.5% | n/a |
| Essentra ESNT.L | United Kingdom | $430M | +37% | +7% | 2% | 1.20× | 16.6% | 2.0% |
| Hangzhou Toka Ink 688571.SS | China | $429M | -26% | +4% | 6% | 1.69× | 13.4% | 6.2% |
| Dongguan Changlian New Materials Technology 301618.SZ | China | $519M | -21% | +23% | 3% | 3.67× | 46.1% | 2.8% |
| Changchun Gas 600333.SS | China | $520M | -1% | +15% | 1% | 1.83× | 12.6% | 1.3% |
| Shanghai Yongguan Adhesive Products 603681.SS | China | $520M | -20% | +7% | 6% | 0.96× | 9.8% | 6.1% |
| HankukCarbon 017960.KS | South Korea | $526M | -71% | +11% | 17% | 1.09× | 7.3% | 17.1% |