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Employees: 99
Size Shanxi Kexin Development (600234.SS) is a China Communication Services company (Advertising/Marketing Services) with a market value of $649M, the 3240th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.48 on 6 Nov 2026.
Performance Over six months the shares fell 32.5%, against -8.8% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 23.3% over the last twelve months (peer median +4.0%); the operating margin is -10.9% (peer median 2.8%).
Valuation It trades at 12.8× enterprise value to sales against a peer median of 1.9× (2nd most expensive of 21).
Capital Return on invested capital runs 9.5 points below its cost of capital (8.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥368M | CN¥383M | CN¥373M | CN¥68.4M | CN¥118M |
| Revenue growth | — | +3% | +446% | -42% | — |
| Gross profit | CN¥60.0M | CN¥29.5M | CN¥51.4M | -CN¥9.71M | CN¥30.1M |
| EBITDA | n/a | -CN¥11.8M | CN¥32.1M | -CN¥156M | CN¥2.03M |
| Net income | -CN¥44.3M | -CN¥17.2M | CN¥40.0M | -CN¥171M | -CN¥19.5M |
| Free cash flow | n/a | -CN¥37.6M | -CN¥12.8M | -CN¥41.1M | CN¥8.28M |
| Capital expenditure | n/a | CN¥370,876 | CN¥471,612 | CN¥1.87M | CN¥651,041 |
| Total debt | CN¥246M | CN¥14.1M | CN¥6.18M | CN¥6.10M | CN¥3.35M |
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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 | 600234.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | +2.2% | 2nd lowest of 21 |
| 6-month return | -32.5% | -8.8% | 2nd lowest of 21 |
| Distance from 52-week high | -48.5% | -36.9% | 4th lowest of 21 |
| Revenue growth (TTM) | -23.3% | +4.0% | 3rd lowest of 21 |
| Operating margin | -10.9% | 2.8% | 4th lowest of 19 |
| EV / Sales | 12.8× | 1.9× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -9.5 pp | -3.8 pp | 6th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanxi Kexin Development 600234.SS | China | $649M | -32% | -23% | -11% | 12.8× | n/a | n/a |
| Chengdu B-Ray Media 600880.SS | China | $672M | -20% | -33% | -35% | 9.8× | 57.3% | -2.9% |
| New Huadu Technology Co., Ltd.Class A 002264.SZ | China | $676M | -23% | +8% | 5% | 1.2× | 5.7% | -9.3% |
| Guangdong Insight Brand Marketing 300781.SZ | China | $683M | -19% | -29% | n/a | 6.7× | 31.8% | +14.4% |
| oOh media OML.AX | Australia | $611M | +28% | +2% | 15% | 2.9× | 7.8% | +10.1% |
| VECTOR 6058.T | Japan | $605M | +64% | +9% | 16% | 1.3× | -3.9% | +11.3% |
| QITIAN Technology 300061.SZ | China | $699M | -21% | -18% | -22% | 13.1× | 49.7% | -22.3% |
| Septeni 4293.T | Japan | $585M | +7% | +8% | 17% | 2.4× | -2.7% | +11.1% |
| GMO internet,Inc 4784.T | Japan | $724M | -34% | +81% | 12% | 1.2× | -11.2% | +17.9% |
| Lecron Industrial Development 300343.SZ | China | $738M | -29% | +46% | 1% | 3.7× | n/a | n/a |
| Apg Sga APGN.SW | Switzerland | $745M | +13% | +5% | 10% | 1.7× | -2.7% | +4.5% |
| Criteo CRTO | United States | $756M | -6% | -7% | 8% | 0.3× | -19.8% | -1.3% |
| Beijing Yuanlong Yato Culture Dissemination 002878.SZ | China | $557M | -27% | -21% | -2% | 1.5× | -2.9% | +8.6% |
| Hubei Century Network Technology 300494.SZ | China | $766M | -5% | -7% | -6% | 3.6× | n/a | n/a |
| Guangdong Yowant Technology 002291.SZ | China | $786M | -15% | -22% | -15% | 2.2× | 36.3% | +9.0% |
| INNOCEAN Worldwide 214320.KS | South Korea | $518M | -11% | +2% | 8% | 0.3× | n/a | n/a |
| Inly Media 603598.SS | China | $865M | +4% | +9% | 0% | 0.7× | n/a | n/a |
| China Tourism And Culture Investment 600358.SS | China | $911M | -11% | +125% | n/a | 7.6× | n/a | n/a |
| Next 15 NFG.L | United Kingdom | $458M | +23% | -14% | 8% | 0.7× | 8.4% | +13.8% |
| Simei Media 002712.SZ | China | $454M | +7% | +14% | 0% | 0.4× | 32.2% | +14.2% |
| Rego Interactive 2422.HK | Hong Kong | $443M | +105% | +96% | -5% | 6.3× | n/a | n/a |