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Large Xiamen state-owned trading and supply-chain-management conglomerate, also active in real estate.
Large Xiamen state-owned trading and supply-chain-management conglomerate, also active in real estate.
Mostly buys and resells bulk commodities, such as metals and farm products, and provides supply-chain services, earning a thin spread on very large sales volumes, so volume and credit management matter more than price. Property development is a second leg. The Xiamen city government owns it through the C&D group.
Moat: none. Low-margin trading conglomerate; scale is the main advantage, not a durable moat.
Headquarters: Xiamen, Fujian, China · Employees: 51,318
Size Xiamen C&D (600153.SS) is a China Industrials company (Air Freight/Couriers) with a market value of $3.77B, the 684th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.75 on 6 Nov 2026.
Performance Over six months the shares fell 8.0%, against -7.3% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 6.4% over the last twelve months (peer median +7.0%); the operating margin is 0.5% (peer median 4.2%).
Valuation It trades at 12.4× forward earnings against a peer median of 15.2× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +12 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 4.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥652B | CN¥670B | CN¥700B | CN¥763B | CN¥832B |
| Revenue growth | — | -4% | -8% | -8% | — |
| Gross profit | CN¥38.5B | CN¥35.7B | CN¥39.6B | CN¥31.8B | CN¥30.4B |
| EBITDA | n/a | CN¥8.95B | CN¥17.5B | CN¥13.9B | CN¥13.3B |
| Net income | -CN¥10.3B | -CN¥10.8B | CN¥2.95B | CN¥13.1B | CN¥6.28B |
| Free cash flow | CN¥12.0B | CN¥10.1B | CN¥10.6B | CN¥28.2B | CN¥14.1B |
| Capital expenditure | CN¥4.00B | CN¥3.17B | CN¥2.05B | CN¥2.73B | CN¥1.80B |
| Total debt | CN¥296B | CN¥232B | CN¥210B | CN¥205B | CN¥171B |
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 |
|---|---|---|---|---|---|---|
| Xiamen C&D 600153.SS | $3.77B | -8% | -6% | 1% | 12.4× | 21.2% |
| Xiamen International Trade 600755.SS | $1.77B | -10% | +28% | 0% | 11.5× | n/a |
| Sinotrans 601598.SS | $6.74B | +18% | -1% | 0% | 14.8× | 4.3% |
| Wuchan Zhongda 600704.SS | $3.86B | 0% | +3% | 1% | 7.2× | -2.5% |
| Xiamen Xiangyu 600057.SS | $2.59B | -14% | +9% | 1% | 8.7× | n/a |
| Minmetals Development 600058.SS | $1.40B | -22% | -16% | 1% | n/a | 20.4% |
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 | 600153.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.3% | +0.5% | 8th lowest of 21 |
| 6-month return | -8.0% | -7.3% | 10th lowest of 21 |
| Distance from 52-week high | -20.3% | -18.6% | 10th lowest of 21 |
| Revenue growth (TTM) | -6.4% | +7.0% | 4th lowest of 21 |
| Operating margin | 0.5% | 4.2% | 6th lowest of 20 |
| Forward P/E | 12.4× | 15.2× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 21.2% | 2.1% | 2nd most demanding of 16 |
| Growth delivered (Del g) | +9.3% | +7.2% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | +11.9 pp | -7.2 pp | 3rd most demanding of 16 |
| ROIC minus cost of capital | -4.2 pp | -1.4 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiamen C&D 600153.SS | China | $3.77B | -8% | -6% | 1% | 12.4× | 21.2% | +9.3% |
| Antong 600179.SS | China | $3.81B | -7% | +9% | 16% | n/a | -4.0% | +13.5% |
| Shanghai Zhonggu Logistics 603565.SS | China | $3.97B | +16% | +4% | 27% | 10.4× | -14.4% | +0.4% |
| Delhivery DELHIVERY.NS | India | $3.40B | -11% | +24% | 0% | 81.8× | n/a | n/a |
| Huaihe Energy 600575.SS | China | $3.38B | -12% | +38% | n/a | 12.2× | n/a | n/a |
| Eastern Air Logistics 601156.SS | China | $4.70B | +23% | +20% | 14% | 10.9× | -16.0% | +9.9% |
| Compagnie de l'Odet ODET.PA | France | $4.74B | -30% | -83% | -8% | n/a | 24.3% | -29.4% |
| Yamato 9064.T | Japan | $4.83B | +26% | +2% | 2% | 34.5× | 8.9% | +1.9% |
| Aegis Vopak Terminals AEGISVOPAK.NS | India | $2.89B | +14% | +17% | 53% | 61.3× | n/a | n/a |
| ID Logistics IDL.PA | France | $2.80B | +7% | +16% | 4% | 30.3× | 10.4% | +17.9% |
| Yunda 002120.SZ | China | $2.74B | -20% | +7% | 4% | 9.7× | -13.2% | +9.0% |
| Mitsubishi Logistics 9301.T | Japan | $2.67B | -15% | -1% | 6% | 16.0× | n/a | n/a |
| Logista Integral LOG.MC | Spain | $5.42B | +15% | +4% | 2% | 15.8× | -5.9% | +5.4% |
| SG Holdings Co., Ltd. 9143.T | Japan | $5.56B | +1% | +14% | 5% | 14.0× | -2.6% | +4.6% |
| Swiggy SWIGGY.NS | India | $5.61B | -32% | +42% | -15% | n/a | n/a | n/a |
| SENKO 9069.T | Japan | $2.45B | +23% | +7% | 4% | 15.2× | 4.4% | +9.5% |
| Jiayou International Logistics 603871.SS | China | $2.41B | -8% | -10% | 19% | 11.3× | -7.9% | +20.7% |
| China Railway Special Cargo Logistics 001213.SZ | China | $2.35B | -11% | -3% | 3% | n/a | 2.1% | +7.2% |
| Liaoning Cheng Da 600739.SS | China | $2.29B | -16% | -27% | -17% | n/a | 4.4% | -10.1% |
| GXO Logistics GXO | United States | $6.33B | +7% | +7% | 3% | 16.0× | 20.2% | +16.3% |
| Sinotrans 0598.HK | Hong Kong | $6.57B | -8% | +4% | 0% | 8.6× | 9.4% | +2.0% |