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World's largest glass-fibre producer, supplying fibreglass for wind turbines, construction, electronics and autos.
World's largest glass-fibre producer, supplying fibreglass for wind turbines, construction, electronics and autos.
Sells glass fibre by weight to blade, pipe, car and electronics-board makers, so prices follow the supply-demand balance for fibre and the cost of energy used in melting glass. The state-owned building-materials group CNBM is the main shareholder. It has factories outside China, in Egypt and South Carolina.
In one line: China's Owens Corning for fibreglass.
Moat: wide (scale, cost advantage). World's largest fibreglass capacity gives structural cost leadership over global rivals.
Headquarters: Tongxiang, Zhejiang, China · Founded: 1993 · Employees: 14,341
Size China Jushi (600176.SS) is a China Materials company (Industrial Specialties) with a market value of $16.6B, the 137th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.45 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against +1.6% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 27.2% over the last twelve months (peer median +12.2%); the operating margin is 33.9% (peer median 13.4%).
Valuation It trades at 13.5× forward earnings against a peer median of 17.6× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +4 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 3.4 points above its cost of capital (12.5% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥23.1B | CN¥18.8B | CN¥15.8B | CN¥14.8B | CN¥20.1B |
| Revenue growth | — | +19% | +6% | -26% | — |
| Gross profit | CN¥11.7B | CN¥5.91B | CN¥3.65B | CN¥3.90B | CN¥6.91B |
| EBITDA | n/a | CN¥6.95B | CN¥4.99B | CN¥4.63B | CN¥7.35B |
| Net income | CN¥6.06B | CN¥3.29B | CN¥2.44B | CN¥3.04B | CN¥6.61B |
| Free cash flow | CN¥2.32B | CN¥2.98B | CN¥732M | -CN¥107M | -CN¥1.38B |
| Capital expenditure | CN¥3.90B | CN¥1.37B | CN¥1.30B | CN¥1.46B | CN¥5.55B |
| Total debt | CN¥12.5B | CN¥15.8B | CN¥15.8B | CN¥15.7B | CN¥13.7B |
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 |
|---|---|---|---|---|---|---|
| China Jushi 600176.SS | $16.6B | -20% | +27% | 34% | 13.5× | 14.6% |
| Owens Corning OC | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% |
| Chongqing Polycomp International 301526.SZ | $11.0B | +21% | +22% | 18% | 36.8× | n/a |
| Nippon Electric Glass 5214.T | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% |
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 | 600176.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.6% | +2.6% | 2nd lowest of 21 |
| 6-month return | -20.4% | +1.6% | 3rd lowest of 21 |
| Distance from 52-week high | -64.4% | -15.5% | lowest of 21 |
| Revenue growth (TTM) | +27.2% | +12.2% | 4th highest of 21 |
| Operating margin | 33.9% | 13.4% | 2nd highest of 21 |
| Forward P/E | 13.5× | 17.6× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.6% | 9.5% | 7th most demanding of 17 |
| Growth delivered (Del g) | +10.1% | +11.2% | 8th lowest of 17 |
| Hurdle (Req g minus delivered) | +4.5 pp | +2.1 pp | 7th most demanding of 17 |
| ROIC minus cost of capital | +3.4 pp | +2.4 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Jushi 600176.SS | China | $16.6B | -20% | +27% | 34% | 13.5× | 14.6% | +10.1% |
| Pidilite Industries PIDILITIND.NS | India | $17.0B | +9% | +17% | 21% | 56.8× | 40.3% | +14.9% |
| Solar Industries India SOLARINDS.NS | India | $17.8B | +17% | +53% | 25% | 64.6× | n/a | n/a |
| Nippon Paint 4612.T | Japan | $20.4B | +40% | +16% | 15% | 16.6× | 1.9% | +18.1% |
| RPM International RPM | United States | $13.2B | +2% | +6% | 13% | 16.9× | 7.5% | +5.2% |
| Akzo Nobel AKZA.AS | Netherlands | $12.1B | +26% | -5% | 6% | 16.1× | 10.7% | +3.6% |
| Asian Paints ASIANPAINT.NS | India | $25.9B | +1% | +12% | 16% | 47.5× | 37.3% | +10.6% |
| PPG Industries PPG | United States | $27.0B | +12% | +6% | 13% | 14.6× | 7.1% | +2.8% |
| Wanhua Chemical 600309.SS | China | $34.1B | -19% | +37% | 11% | 11.3× | -2.6% | +22.7% |
| Axalta Coating Systems AXTA | United States | $7.80B | +25% | 0% | 14% | 14.0× | 8.3% | +6.5% |
| Henkel AG & Co. KGaA HEN.DE | Germany | $35.4B | +25% | -3% | 15% | 13.6× | -1.9% | +1.3% |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% | +13.5% |
| Orica ORI.AX | Australia | $7.23B | +1% | +2% | 11% | 18.2× | 6.9% | +9.6% |
| Sekisui Chemical 4204.T | Japan | $6.61B | +9% | +6% | 9% | 13.4× | n/a | n/a |
| Berger Paints India BERGEPAINT.NS | India | $5.90B | -2% | +5% | 12% | 41.5× | 38.5% | +11.8% |
| Fuchs FPE.DE | Germany | $5.87B | +21% | +12% | 13% | 13.8× | -4.4% | +8.4% |
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 12% | 16.7× | n/a | n/a |
| SICC 688234.SS | China | $4.98B | -24% | +20% | -5% | 202.4× | n/a | n/a |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |