Which companies are Changchun Gas's closest peers?

The cockpit's peer set: Shanghai Yongguan Adhesive Products (603681.SS), Dongguan Changlian New Materials Technology (301618.SZ), HankukCarbon (017960.KS), Shenzhen King Explorer Science & Technology (002917.SZ), NanJing Sanchao Advanced Materials (300554.SZ), Suzhou Xingye Materials Technology (603928.SS), Kangda New Materials (Group) (002669.SZ), Dongguan Golden Sun Abrasives (300606.SZ).

How has Changchun Gas stock performed?

Over six months to 6 Nov 2026 the shares returned -1.4% against -22.4% for the median peer; over one year -19.9%.

← CockpitCompetitor Analysis › 600333.SS Changchun Gas Co. Ltd. Class AOpen in the cockpit ↗

Changchun Gas Co. Ltd. Class A600333.SSCompetitor analysis, valuation and peers

China · CNY·Materials›Industrial Specialties

Momentum strong 66

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$520M

US dollars, full cap

Free float

29%

of shares outstanding

$/day

$19.8M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-3.5 pp

WACC 5.2%

Hurdle

+12 pp

Req g minus delivered

Close · CNYCN¥5.69

1D+0.7%

1W+3.8%

1M-16.8%

3M-4.2%

6M-1.4%

YTD+2.9%

1Y-19.9%

ATR %4.4%

52w lowhigh31.0% off high

What Changchun Gas does

Employees: 2,123

Changchun Gas at a glance

Size Changchun Gas (600333.SS) is a China Materials company (Industrial Specialties) with a market value of $520M, the 3779th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.69 on 6 Nov 2026.

Performance Over six months the shares fell 1.4%, against -22.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 15.2% over the last twelve months (peer median +6.4%); the operating margin is 4.1% (peer median 2.4%).

Valuation It trades at 2.4× enterprise value to sales against a peer median of 2.8× (10th cheapest of 21).

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 +10%, 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 3.5 points below its cost of capital (5.2% WACC).

Relative performance

Six months, rebased to 100: Changchun Gas against the median of its 20 peers (local-currency closes).

Changchun Gas financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥2.58B	CN¥2.46B	CN¥2.30B	CN¥2.30B	CN¥1.89B
Revenue growth	—	+7%	0%	+22%	—
Gross profit	CN¥373M	CN¥340M	CN¥340M	CN¥306M	CN¥256M
EBITDA	CN¥279M	CN¥249M	CN¥216M	CN¥152M	CN¥116M
Net income	CN¥24.4M	-CN¥8.89M	-CN¥33.2M	-CN¥67.7M	-CN¥98.6M
Free cash flow	CN¥185M	CN¥262M	CN¥82.7M	-CN¥58.0M	-CN¥50.0M
Capital expenditure	CN¥122M	CN¥88.8M	CN¥168M	CN¥113M	CN¥194M
Total debt	CN¥3.04B	CN¥3.23B	CN¥3.19B	CN¥3.07B	CN¥2.48B

Quarterly statements and history in the cockpit →

Changchun Gas competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Changchun Gas is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Changchun Gas is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Changchun Gas is the large dot.

Changchun Gas competitors and peer comparison

How Changchun Gas compares with its peers

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.

Changchun Gas against its 20 peers (data as of 6 Nov 2026)
Measure	600333.SS	Peer median	Rank in peer set
1-month return	-16.8%	-13.7%	8th lowest of 21
6-month return	-1.4%	-22.4%	3rd highest of 21
Distance from 52-week high	-31.0%	-46.7%	2nd highest of 21
Revenue growth (TTM)	+15.2%	+6.4%	6th highest of 21
Operating margin	4.1%	2.4%	8th highest of 21
EV / Sales	2.4×	2.8×	10th cheapest of 21
Growth the price implies (Req g, 7 yrs)	21.2%	22.6%	6th least demanding of 11
Growth delivered (Del g)	+9.6%	+5.6%	5th highest of 11
Hurdle (Req g minus delivered)	+11.6 pp	+10.4 pp	6th least demanding of 11
ROIC minus cost of capital	-3.5 pp	-6.5 pp	7th highest of 21
EV / EBITDA	22.3×	20.4×	3rd most expensive of 6
Net debt / EBITDA	9.7×	1.9×	2nd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Changchun Gas 600333.SS	China	$520M	-1%	+15%	4%	2.4×	21.2%	+9.6%
Shanghai Yongguan Adhesive Products 603681.SS	China	$520M	-20%	+7%	1%	0.8×	28.1%	+22.6%
Dongguan Changlian New Materials Technology 301618.SZ	China	$519M	-21%	+23%	4%	5.0×	48.7%	+3.2%
HankukCarbon 017960.KS	South Korea	$526M	-71%	+11%	18%	0.6×	-20.0%	+17.2%
Shenzhen King Explorer Science & Technology 002917.SZ	China	$509M	-25%	+1%	11%	2.2×	-1.1%	+22.8%
NanJing Sanchao Advanced Materials 300554.SZ	China	$508M	-27%	+6%	-51%	12.4×	n/a	n/a
Suzhou Xingye Materials Technology 603928.SS	China	$540M	-14%	+15%	7%	2.1×	17.2%	+1.8%
Kangda New Materials (Group) 002669.SZ	China	$498M	-18%	+23%	3%	1.2×	n/a	n/a
Dongguan Golden Sun Abrasives 300606.SZ	China	$545M	-29%	-12%	5%	7.7×	35.2%	+5.8%
Zhejiang Runyang New Material Technology 300920.SZ	China	$548M	-6%	-1%	5%	8.9×	51.7%	-0.5%
Beijing Comens New Materials 300200.SZ	China	$491M	-24%	+20%	4%	2.4×	n/a	n/a
Rayitek Hi-Tech Film 688323.SS	China	$554M	-23%	+8%	-11%	10.9×	n/a	n/a
Changzhou Almaden Stock 002623.SZ	China	$558M	-11%	-22%	-11%	2.5×	n/a	n/a
Shanxi Huhua 003002.SZ	China	$482M	-52%	-4%	6%	2.2×	12.0%	+18.8%
Jiangsu Xiuqiang Glasswork 300160.SZ	China	$478M	-20%	-8%	7%	1.4×	1.7%	+5.3%
SANVO Fine Chemicals 0301.HK	Hong Kong	$476M	+269%	+3%	-3%	3.5×	n/a	n/a
Sokan New Materials 688157.SS	China	$476M	-44%	-8%	-3%	4.7×	n/a	n/a
Lucky Film 600135.SS	China	$568M	-40%	+14%	-4%	2.2×	n/a	n/a
Shanghai Kinlita Chemical 300225.SZ	China	$472M	+7%	+20%	2%	3.2×	48.9%	-2.0%
Hangzhou Heshun Technology 301237.SZ	China	$471M	-41%	+23%	-20%	5.0×	n/a	n/a
Shenzhen Xinhao Photoelectricity Technology 301051.SZ	China	$577M	-19%	-23%	-26%	3.6×	n/a	n/a

Questions

Which companies are Changchun Gas's closest peers?: The cockpit's peer set: Shanghai Yongguan Adhesive Products (603681.SS), Dongguan Changlian New Materials Technology (301618.SZ), HankukCarbon (017960.KS), Shenzhen King Explorer Science & Technology (002917.SZ), NanJing Sanchao Advanced Materials (300554.SZ), Suzhou Xingye Materials Technology (603928.SS), Kangda New Materials (Group) (002669.SZ), Dongguan Golden Sun Abrasives (300606.SZ).
Is Changchun Gas expensive compared with its peers?: On ev / sales it trades at 2.4× against a peer median of 2.8×, 10th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +10%, 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.
How has Changchun Gas stock performed?: Over six months to 6 Nov 2026 the shares returned -1.4% against -22.4% for the median peer; over one year -19.9%.