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Diversified Chinese conglomerate best known for the Hodo (Hongdou) menswear brand, also making tires and real estate.
Diversified Chinese conglomerate best known for the Hodo (Hongdou) menswear brand, also making tires and real estate.
Moat: narrow (brand). Long-established Hodo brand recognition, though diluted by unrelated diversification.
Headquarters: Wuxi, Jiangsu, China · Founded: 1983 · Employees: 3,754
Size Jiangsu Hongdou Industrial (600400.SS) is a China Consumer Discretionary company (Apparel/Footwear) with a market value of $1.06B, the 2194th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.07 on 6 Nov 2026.
Performance Over six months the shares gained 11.2%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 22.5% over the last twelve months (peer median +6.7%); the operating margin is -9.2% (peer median 7.0%).
Valuation It trades at 102.3× forward earnings against a peer median of 31.6× (2nd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +15 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 11.4 points below its cost of capital (8.8% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.46B | CN¥2.22B | CN¥2.78B | CN¥2.32B | CN¥2.33B |
| Revenue growth | — | -20% | +19% | 0% | — |
| Gross profit | CN¥918M | CN¥538M | CN¥741M | CN¥625M | CN¥580M |
| EBITDA | n/a | -CN¥35.1M | CN¥73.9M | CN¥222M | CN¥153M |
| Net income | -CN¥395M | -CN¥423M | -CN¥203M | CN¥30.0M | CN¥15.0M |
| Free cash flow | CN¥281M | CN¥235M | -CN¥158M | CN¥43.0M | CN¥27.9M |
| Capital expenditure | CN¥36.1M | CN¥45.7M | CN¥58.9M | CN¥413M | CN¥146M |
| Total debt | CN¥796M | CN¥828M | CN¥1.02B | CN¥1.36B | CN¥877M |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Hongdou Industrial 600400.SS | $1.06B | +11% | +22% | -9% | 102.3× | 13.7% |
| HLA 600398.SS | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% |
| Zhejiang Semir Garment 002563.SZ | $2.42B | -1% | +4% | 7% | 14.8× | -8.1% |
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 | 600400.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.2% | -3.5% | 2nd lowest of 21 |
| 6-month return | +11.2% | -14.1% | 5th highest of 21 |
| Distance from 52-week high | -28.9% | -40.3% | 5th highest of 21 |
| Revenue growth (TTM) | +22.5% | +6.7% | 3rd highest of 21 |
| Operating margin | -9.2% | 7.0% | 3rd lowest of 21 |
| Forward P/E | 102.3× | 31.6× | 2nd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 13.7% | 6.6% | 7th most demanding of 17 |
| Growth delivered (Del g) | -1.3% | +2.2% | 6th lowest of 16 |
| Hurdle (Req g minus delivered) | +15.0 pp | +2.0 pp | 5th most demanding of 16 |
| ROIC minus cost of capital | -11.4 pp | +0.2 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Hongdou Industrial 600400.SS | China | $1.06B | +11% | +22% | -9% | 102.3× | 13.7% | -1.3% |
| Topscore Fashion 603608.SS | China | $1.05B | +28% | +9% | 4% | n/a | 51.6% | -9.4% |
| Dazzle Fashion 603587.SS | China | $1.03B | +10% | +7% | 16% | 22.1× | -9.2% | -3.5% |
| Human Made 456A.T | Japan | $1.10B | +39% | +27% | 30% | 45.5× | 7.7% | n/a |
| Jihua 601718.SS | China | $1.10B | -43% | -22% | -10% | n/a | n/a | n/a |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |
| Guangdong Golden Dragon Development 000712.SZ | China | $1.12B | -20% | -3% | -20% | n/a | n/a | n/a |
| Zhonghong Pulin Medical Products 300981.SZ | China | $990M | +5% | +11% | 9% | n/a | -1.7% | -13.1% |
| JOEONE 601566.SS | China | $975M | +4% | +1% | 6% | 52.6× | -2.9% | +2.1% |
| Shanghai Puyuan Chemical Materials 603196.SS | China | $964M | -46% | +78% | 12% | 19.9× | 16.2% | -0.2% |
| Lancy 002612.SZ | China | $1.19B | +11% | +9% | 10% | 22.4× | -1.2% | +15.9% |
| Toread 300005.SZ | China | $1.21B | -45% | +22% | -1% | 60.7× | n/a | n/a |
| Wacoal 3591.T | Japan | $1.21B | -21% | +2% | -1% | 36.5× | 35.7% | +2.4% |
| Salvatore Ferragamo SFER.MI | Italy | $1.22B | -19% | -2% | 3% | 202.8× | 22.5% | +2.2% |
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% | +8.1% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% | +10.8% |
| Fujian Septwolves Industry 002029.SZ | China | $873M | -20% | +1% | -3% | 20.2× | 4.5% | -2.0% |
| Bata India BATAINDIA.NS | India | $868M | -12% | +5% | 9% | 39.2× | 28.9% | +15.5% |
| Canada Goose GOOS.TO | Canada | $850M | -23% | +12% | 10% | 13.3× | 5.5% | +11.0% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| Ningbo Peacebird Fashion 603877.SS | China | $839M | -15% | -2% | 4% | 26.6× | -13.1% | -7.5% |