Loading…
State-backed Chinese seed company breeding and selling corn, rice and cotton seed.
State-backed Chinese seed company breeding and selling corn, rice and cotton seed.
Sells seed to farmers through distributors each planting season, so sales cluster before spring and autumn sowing and depend on weather and crop prices. Hybrid seed must be bought again every year because saved seed does not give the same yield, and varieties must be registered with the government.
In one line: China's Corteva for seed.
Moat: narrow (IP / patents, brand, distribution). Proprietary seed germplasm and a state-backed distribution network support food-security-linked demand.
Headquarters: Beijing, China · Employees: 1,293
Size China Agricultural Development Seed (600313.SS) is a China Industrials company (Wholesale Distributors) with a market value of $1.04B, the 2226th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.97 on 6 Nov 2026.
Performance Over six months the shares fell 16.1%, against -22.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 35.1% over the last twelve months (peer median +10.7%); the operating margin is 0.7% (peer median 7.8%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 1.9× (7th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +9 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 4.3 points below its cost of capital (7.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.40B | CN¥6.65B | CN¥5.56B | CN¥6.76B | CN¥5.24B |
| Revenue growth | — | +20% | -18% | +29% | — |
| Gross profit | CN¥528M | CN¥432M | CN¥359M | CN¥512M | CN¥497M |
| EBITDA | n/a | CN¥185M | CN¥133M | CN¥288M | CN¥287M |
| Net income | CN¥63.4M | CN¥83.6M | CN¥46.9M | CN¥127M | CN¥230M |
| Free cash flow | CN¥398M | CN¥132M | -CN¥175M | CN¥537M | -CN¥39.6M |
| Capital expenditure | CN¥175M | CN¥177M | CN¥110M | CN¥91.5M | CN¥69.1M |
| Total debt | CN¥633M | CN¥622M | CN¥464M | CN¥446M | CN¥353M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| China Agricultural Development Seed 600313.SS | $1.04B | -16% | +35% | 1% | 0.8× | 21.8% |
| Yuan Longping High-Tech Agriculture 000998.SZ | $1.77B | -11% | -5% | 5% | 2.8× | n/a |
| Corteva CTVA | $7.94B | -85% | +4% | 17% | 0.6× | -16.6% |
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 | 600313.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.2% | -4.7% | 5th lowest of 21 |
| 6-month return | -16.1% | -22.9% | 9th highest of 21 |
| Distance from 52-week high | -39.1% | -38.9% | 11th highest of 21 |
| Revenue growth (TTM) | +35.1% | +10.7% | 3rd highest of 20 |
| Operating margin | 0.7% | 7.8% | 3rd lowest of 20 |
| EV / Sales | 0.8× | 1.9× | 7th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 21.8% | 0.2% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +12.7% | +10.5% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | +9.1 pp | -9.5 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -4.3 pp | +0.4 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Agricultural Development Seed 600313.SS | China | $1.04B | -16% | +35% | 1% | 0.8× | 21.8% | +12.7% |
| Beijing Geekplus Technology 2590.HK | Hong Kong | $1.05B | -67% | +33% | 0% | 1.5× | n/a | n/a |
| Zhejiang Songyuan Automotive Safety Systems 300893.SZ | China | $1.06B | -34% | +27% | 12% | 2.8× | n/a | n/a |
| Supply Network SNL.AX | Australia | $1.06B | +12% | +16% | 17% | 3.9× | 11.7% | +19.9% |
| BayWa BYW.DE | Germany | $1.07B | -58% | n/a | n/a | n/a | n/a | n/a |
| Totech 9960.T | Japan | $1.00B | 0% | +6% | 10% | 0.9× | 5.4% | +9.2% |
| Deep Source 0990.HK | Hong Kong | $1.00B | -31% | +7% | 2% | 0.2× | -13.6% | +6.1% |
| Dongguan Aohai Technology 002993.SZ | China | $1.10B | -44% | +122% | 1% | 0.6× | n/a | n/a |
| Yamazen 8051.T | Japan | $978M | +13% | +7% | 2% | 0.2× | -6.3% | +4.5% |
| Brighton-Best International (Taiwan) 8415.TWO | Taiwan | $1.11B | +5% | +11% | 20% | 1.9× | -8.8% | +8.8% |
| Innovation Medical Management 002173.SZ | China | $1.12B | -29% | -13% | -18% | 10.2× | n/a | n/a |
| Trusco Nakayama 9830.T | Japan | $958M | +6% | +10% | 7% | 0.6× | n/a | n/a |
| Hangzhou Cogeneration 605011.SS | China | $956M | -23% | -1% | 5% | 2.2× | n/a | n/a |
| Daiichikosho 7458.T | Japan | $1.13B | +6% | +4% | 11% | 1.2× | -6.0% | +11.8% |
| State Power Rixin Technology 301162.SZ | China | $944M | -25% | +12% | 17% | 8.2× | 22.6% | +23.8% |
| Dlg Exhibitions & Events 600826.SS | China | $944M | -9% | +2% | 15% | 2.8× | 6.9% | -11.5% |
| Huludao Zinc Industry 000751.SZ | China | $943M | -36% | +17% | 1% | 0.5× | n/a | n/a |
| Imdex IMD.AX | Australia | $1.15B | -21% | +21% | 16% | 3.7× | 20.1% | +14.5% |
| Techstorm Advanced Material 601026.SS | China | $1.16B | -33% | +8% | 6% | 2.4× | n/a | n/a |
| Chengdu Haoneng Technology 603809.SS | China | $1.16B | -23% | +18% | 10% | 3.7× | n/a | n/a |
| Auto Partner APR.WA | Poland | $928M | +26% | +67% | 8% | 0.6× | -5.0% | +21.5% |