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Regional department-store operator in Fujian province, also involved in real estate and other retail interests.
Regional department-store operator in Fujian province, also involved in real estate and other retail interests.
Like most Chinese department stores, it earns largely as a share of sales made by brand counters inside its stores, plus rent from tenants, rather than owning the stock itself. Its income depends on shopper traffic around Fuzhou.
Moat: none (brand). A regional department-store chain facing e-commerce and format competition.
Headquarters: Fuzhou, Fujian, China · Employees: 1,325
Size Fujian Dongbai (Group) (600693.SS) is a China Consumer Discretionary company (Department Stores) with a market value of $1.11B, the 2106th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.77 on 6 Nov 2026.
Performance Over six months the shares fell 22.7%, against -13.3% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median -2.9%); the operating margin is 32.1% (peer median 5.5%).
Valuation It trades at 62.6× forward earnings against a peer median of 17.3× (3rd most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +3 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 0.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.84B | CN¥1.81B | CN¥1.78B | CN¥1.84B | CN¥1.57B |
| Revenue growth | — | +1% | -3% | +18% | — |
| Gross profit | CN¥1.14B | CN¥917M | CN¥894M | CN¥941M | CN¥616M |
| EBITDA | n/a | CN¥783M | CN¥749M | CN¥796M | CN¥498M |
| Net income | CN¥90.8M | CN¥45.8M | CN¥43.5M | CN¥35.0M | CN¥21.8M |
| Free cash flow | CN¥493M | CN¥468M | -CN¥356M | CN¥361M | -CN¥335M |
| Capital expenditure | CN¥86.5M | CN¥211M | CN¥626M | CN¥522M | CN¥550M |
| Total debt | CN¥7.08B | CN¥7.18B | CN¥7.14B | CN¥6.42B | CN¥6.80B |
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 |
|---|---|---|---|---|---|---|
| Fujian Dongbai (Group) 600693.SS | $1.11B | -23% | -1% | 32% | 62.6× | 4.1% |
| Wangfujing 600859.SS | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% |
| Maoye Commercial 600828.SS | $1.13B | -13% | -22% | -3% | n/a | 12.9% |
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 | 600693.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | -1.2% | 5th lowest of 21 |
| 6-month return | -22.7% | -13.3% | 5th lowest of 21 |
| Distance from 52-week high | -61.7% | -41.0% | 3rd lowest of 21 |
| Revenue growth (TTM) | -0.5% | -2.9% | 8th highest of 21 |
| Operating margin | 32.1% | 5.5% | 2nd highest of 21 |
| Forward P/E | 62.6× | 17.3× | 3rd most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 1.0% | 9th most demanding of 20 |
| Growth delivered (Del g) | +0.9% | -1.6% | 8th highest of 20 |
| Hurdle (Req g minus delivered) | +3.2 pp | +2.1 pp | 9th most demanding of 20 |
| ROIC minus cost of capital | -0.2 pp | -1.3 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fujian Dongbai (Group) 600693.SS | China | $1.11B | -23% | -1% | 32% | 62.6× | 4.1% | +0.9% |
| Maoye Commercial 600828.SS | China | $1.13B | -13% | -22% | -3% | n/a | 12.9% | -8.4% |
| Nanjing Xinjiekou Department Store 600682.SS | China | $1.07B | -22% | -11% | -16% | n/a | 5.7% | +2.4% |
| Hunan Friendship & Apollo Commercial 002277.SZ | China | $1.23B | -5% | -20% | -60% | n/a | 21.6% | -15.5% |
| Izumi 8273.T | Japan | $1.28B | -1% | +1% | 5% | 11.2× | n/a | n/a |
| Hyundaideptst 069960.KS | South Korea | $1.29B | -23% | -3% | 9% | 7.0× | -17.1% | +13.2% |
| Far Eastern Department Stores 2903.TW | Taiwan | $910M | -5% | -1% | 13% | n/a | 0.5% | -1.8% |
| Matsuya 8237.T | Japan | $869M | +54% | -1% | 6% | 149.2× | 35.3% | -2.8% |
| Anhui Anfu Battery Technology 603031.SS | China | $1.43B | -39% | +4% | 23% | 23.0× | -0.2% | +21.9% |
| Dashang 600694.SS | China | $827M | -10% | -4% | 12% | 12.2× | -18.9% | -5.1% |
| Rainbow Digital Commercial 002419.SZ | China | $793M | -15% | -4% | 0% | 52.1× | -5.8% | -0.4% |
| Hangzhou Jiebai 600814.SS | China | $776M | -9% | -3% | 25% | 14.7× | -21.8% | -1.6% |
| Wushang 000501.SZ | China | $775M | -18% | -3% | 7% | 30.0× | 11.5% | -4.7% |
| Shinsegae 004170.KS | South Korea | $1.59B | -38% | +7% | 9% | 5.8× | -2.2% | +7.8% |
| Wangfujing 600859.SS | China | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% | -2.4% |
| Baida 600865.SS | China | $682M | +5% | +9% | 41% | n/a | 13.3% | -2.5% |
| Hefei Department Store 000417.SZ | China | $678M | -13% | -9% | 1% | 24.1× | 3.4% | +1.3% |
| Lotte Shopping 023530.KS | South Korea | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% | -3.2% |
| Seria 2782.T | Japan | $1.91B | +18% | +13% | 9% | 15.2× | -2.1% | +5.0% |
| Shanghai Join Buy 600838.SS | China | $628M | +9% | +6% | -28% | n/a | 22.2% | +0.4% |
| Easyhome New Retail 000785.SZ | China | $1.97B | -18% | -23% | 3% | 19.3× | 1.0% | +4.4% |