Which companies are Shanghai AJ's closest peers?

The cockpit's peer set: WeWork India Management (WEWORK.NS), Fermi (FRMI), China Sports Industry (600158.SS), Financial Street (000402.SZ), Jiangsu Dagang (002077.SZ), 5I5J (000560.SZ), SR Medical Technology (0108.HK), Beijing Capital Development (600376.SS).

Is Shanghai AJ expensive compared with its peers?

On price / book it trades at 0.66× against a peer median of 1.32×, 5th cheapest of 21 in its peer set. The share price implies a return on equity of about 6.2%; Shanghai AJ delivers -15.7%, so the price asks more than the business earns today.

How has Shanghai AJ stock performed?

Over six months to 6 Nov 2026 the shares returned -12.4% against -28.1% for the median peer; over one year -25.6%.

← CockpitCompetitor Analysis › 600643.SS Shanghai AJ Group Co., Ltd. Class AOpen in the cockpit ↗

Shanghai AJ Group Co., Ltd. Class A600643.SSCompetitor analysis, valuation and peers

China · CNY·Real Estate›Real Estate Development

Momentum leader 80

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.00B

US dollars, full cap

Free float

99%

of shares outstanding

$/day

$16.0M

20-day average traded

P/B

0.66×

price to book

ROE

-15.7%

delivered

Implied ROE

6.2%

what the price asks

Next earnings

146 days

1 Apr 2027

Close · CNYCN¥4.22

1D-1.2%

1W+3.2%

1M+5.2%

3M+1.2%

6M-12.4%

YTD-23.7%

1Y-25.6%

ATR %3.5%

52w lowhigh28.2% off high

What Shanghai AJ does

Employees: 747

Shanghai AJ at a glance

Size Shanghai AJ (600643.SS) is a China Real Estate company (Real Estate Development) with a market value of $1.00B, the 2290th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.22 on 6 Nov 2026.

Performance Over six months the shares fell 12.4%, against -28.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue fell 40.7% over the last twelve months (peer median +0.1%); the operating margin is -180.3% (peer median 1.3%).

Valuation It trades at 0.66× book value against a peer median of 1.32× (5th cheapest of 21).

Price implies The share price implies a return on equity of about 6.2%; Shanghai AJ delivers -15.7%, so the price asks more than the business earns today.

Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).

Relative performance

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

Shanghai AJ financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥1.15B	CN¥1.49B	CN¥1.88B	CN¥2.29B	CN¥3.02B
Revenue growth	—	-21%	-18%	-24%	—
Gross profit	CN¥424M	CN¥81.2M	CN¥636M	CN¥941M	CN¥1.67B
EBITDA	n/a	CN¥31.9M	CN¥456M	CN¥700M	CN¥1.57B
Net income	-CN¥1.74B	-CN¥1.92B	-CN¥531M	CN¥99.5M	CN¥483M
Free cash flow	-CN¥2.90B	-CN¥5.00B	-CN¥4.30B	-CN¥2.68B	-CN¥596M
Capital expenditure	CN¥3.36B	CN¥5.88B	CN¥5.58B	CN¥3.82B	CN¥3.37B
Total debt	CN¥8.74B	CN¥9.18B	CN¥9.50B	CN¥9.60B	CN¥10.9B

Quarterly statements and history in the cockpit →

Shanghai AJ 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. Shanghai AJ is the large dot.

Fundamentals: return on equity against price-to-book

A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Shanghai AJ is the large dot.

Capital: ROE delivered against the ROE the price implies

Above the diagonal = the price asks for a higher return on equity than the business earns today. Shanghai AJ is the large dot.

Shanghai AJ competitors and peer comparison

How Shanghai AJ 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.

Shanghai AJ against its 20 peers (data as of 6 Nov 2026)
Measure	600643.SS	Peer median	Rank in peer set
1-month return	+5.2%	-10.8%	4th highest of 21
6-month return	-12.4%	-28.1%	9th highest of 21
Return on equity	-15.7%	1.2%	5th lowest of 20
Price / book	0.66×	1.32×	5th cheapest of 21
ROE the price implies	6.2%	15.3%	5th least demanding of 21
ROE delivered	-15.7%	0.4%	5th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE	Delivered ROE
Shanghai AJ 600643.SS	China	$1.00B	-12%	-41%	-16%	0.66×	6.2%	-15.7%
WeWork India Management WEWORK.NS	India	$1.00B	+26%	+25%	36%	27.81×	324.8%	36.3%
Fermi FRMI	United States	$1.01B	-70%	n/a	n/a	0.97×	16.5%	n/a
China Sports Industry 600158.SS	China	$1.01B	-41%	0%	-8%	2.81×	16.0%	-7.9%
Financial Street 000402.SZ	China	$991M	-30%	-38%	-20%	0.34×	4.6%	-20.5%
Jiangsu Dagang 002077.SZ	China	$983M	-32%	+24%	2%	1.92×	12.9%	1.8%
5I5J 000560.SZ	China	$1.03B	-2%	-21%	0%	0.73×	7.4%	-0.3%
SR Medical Technology 0108.HK	Hong Kong	$972M	-10%	+25%	-18%	7.50×	20.3%	-17.8%
Beijing Capital Development 600376.SS	China	$1.04B	-41%	-35%	-197%	237.80×	1,928.7%	-197.2%
Black Peony (Group) 600510.SS	China	$1.04B	-37%	-24%	-5%	0.71×	9.9%	-4.8%
Heiwa Real Estate 8803.T	Japan	$964M	-6%	+23%	9%	1.21×	5.4%	9.1%
Hefei Urban Construction Development 002208.SZ	China	$961M	-42%	-14%	-10%	1.10×	16.1%	-10.0%
Marcus & Millichap MMI	United States	$1.05B	-9%	+12%	2%	1.82×	17.8%	2.4%
Mercialys MERY.PA	France	$1.05B	-15%	+3%	5%	0.60×	7.7%	5.1%
PropNex OYY.SI	Singapore	$956M	-9%	+8%	56%	9.86×	97.2%	55.5%
Gemlife Communities GLF.AX	Australia	$1.05B	-9%	+8%	5%	1.43×	18.0%	n/a
Ningbo Fuda 600724.SS	China	$956M	-37%	-18%	6%	2.23×	14.7%	6.4%
Sunac China 1918.HK	Hong Kong	$1.06B	-64%	-29%	-41%	0.25×	5.5%	-41.3%
Shanghai Industrial Development 600748.SS	China	$952M	-35%	-3%	-3%	0.63×	5.9%	-3.0%
Develia DVL.WA	Poland	$947M	-26%	+70%	33%	1.91×	18.4%	33.1%
HMC Capital HMC.AX	Australia	$946M	+17%	-27%	1%	0.89×	12.9%	1.2%

Questions

Which companies are Shanghai AJ's closest peers?: The cockpit's peer set: WeWork India Management (WEWORK.NS), Fermi (FRMI), China Sports Industry (600158.SS), Financial Street (000402.SZ), Jiangsu Dagang (002077.SZ), 5I5J (000560.SZ), SR Medical Technology (0108.HK), Beijing Capital Development (600376.SS).
Is Shanghai AJ expensive compared with its peers?: On price / book it trades at 0.66× against a peer median of 1.32×, 5th cheapest of 21 in its peer set. The share price implies a return on equity of about 6.2%; Shanghai AJ delivers -15.7%, so the price asks more than the business earns today.
How has Shanghai AJ stock performed?: Over six months to 6 Nov 2026 the shares returned -12.4% against -28.1% for the median peer; over one year -25.6%.