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Chongqing department-store and retail group operating department stores and general merchandise chains.
Chongqing department-store and retail group operating department stores and general merchandise chains.
In one line: A regional Chinese department-store chain.
Moat: none (distribution). Legacy regional department-store network facing e-commerce competition.
Headquarters: Chongqing, China · Employees: 10,901
Size Chongqing Chongbai Technology (600729.SS) is a China Consumer Staples company (Food Retail) with a market value of $1.26B, the 1898th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.51 on 6 Nov 2026.
Performance Over six months the shares fell 8.6%, against -5.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 11.2% over the last twelve months (peer median +2.8%); the operating margin is 4.0% (peer median 3.1%).
Valuation It trades at 11.3× forward earnings against a peer median of 15.5× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.9B | CN¥14.7B | CN¥16.9B | CN¥18.8B | CN¥18.1B |
| Revenue growth | — | -13% | -10% | +4% | — |
| Gross profit | CN¥4.05B | CN¥3.53B | CN¥3.61B | CN¥3.92B | CN¥3.85B |
| EBITDA | n/a | CN¥1.24B | CN¥1.46B | CN¥1.52B | CN¥1.23B |
| Net income | CN¥666M | CN¥1.05B | CN¥1.31B | CN¥1.31B | CN¥883M |
| Free cash flow | CN¥1.93B | CN¥1.67B | CN¥1.98B | CN¥1.42B | CN¥415M |
| Capital expenditure | CN¥132M | CN¥140M | CN¥148M | CN¥168M | CN¥302M |
| Total debt | CN¥6.63B | CN¥6.86B | CN¥6.70B | CN¥6.78B | CN¥6.09B |
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 |
|---|---|---|---|---|---|---|
| Chongqing Chongbai Technology 600729.SS | $1.26B | -9% | -11% | 4% | 11.3× | -10.4% |
| Shanghai Bailian 600827.SS | $1.99B | -5% | -9% | -2% | 15.9× | -3.5% |
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 | 600729.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.6% | +2.7% | 8th highest of 21 |
| 6-month return | -8.6% | -5.0% | 7th lowest of 21 |
| Distance from 52-week high | -35.2% | -14.9% | 4th lowest of 21 |
| Revenue growth (TTM) | -11.2% | +2.8% | 2nd lowest of 20 |
| Operating margin | 4.0% | 3.1% | 9th highest of 20 |
| Forward P/E | 11.3× | 15.5× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -10.4% | -2.6% | 8th least demanding of 19 |
| Growth delivered (Del g) | -6.9% | +3.5% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | -3.5 pp | -8.6 pp | 6th most demanding of 19 |
| ROIC minus cost of capital | +2.8 pp | +2.0 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chongqing Chongbai Technology 600729.SS | China | $1.26B | -9% | -11% | 4% | 11.3× | -10.4% | -6.9% |
| Valor 9956.T | Japan | $1.25B | -6% | +9% | 3% | 8.8× | -2.7% | +4.8% |
| Arcs 9948.T | Japan | $1.27B | +5% | +2% | 3% | 15.9× | -10.6% | +2.4% |
| Aryzta ARYN.SW | Switzerland | $1.28B | -26% | -3% | 7% | 13.0× | -6.6% | +3.0% |
| Taiwan FamilyMart 5903.TWO | Taiwan | $1.23B | -4% | +7% | 2% | 23.4× | -2.4% | +5.2% |
| Grocery Outlet GO | United States | $1.29B | +59% | +5% | 4% | 21.6× | 4.4% | +8.4% |
| San-a 2659.T | Japan | $1.22B | -2% | +6% | 7% | 16.4× | -12.3% | +3.9% |
| Better Life Commercial Chain Share 002251.SZ | China | $1.34B | -19% | +11% | 5% | 42.1× | 10.8% | -23.1% |
| Fuji 8278.T | Japan | $1.11B | -1% | -1% | 1% | n/a | 2.6% | +20.9% |
| Life 8194.T | Japan | $1.43B | +1% | +3% | 3% | 12.1× | -11.0% | +3.0% |
| Ingles Markets IMKTA | United States | $1.53B | -5% | +1% | 3% | n/a | -1.4% | +3.0% |
| Yesway YSWY | United States | $1.56B | -4% | n/a | n/a | 21.2× | n/a | n/a |
| Toly Bread 603866.SS | China | $1.01B | -15% | -2% | 8% | 24.1× | 0.5% | -1.8% |
| Chengdu Hongqi Chain 002697.SZ | China | $1.01B | -5% | -1% | 5% | 14.3× | -17.5% | +1.1% |
| United Super Markets 3222.T | Japan | $999M | -7% | +11% | 0% | n/a | 31.5% | +5.6% |
| Jiangxi Guoguang Commercial Chains 605188.SS | China | $908M | -26% | +3% | 1% | n/a | 27.5% | +4.6% |
| Jiajiayue 603708.SS | China | $874M | -12% | 0% | 2% | 25.6× | -12.7% | +1.5% |
| BGF Retail 282330.KS | South Korea | $1.82B | +9% | +5% | 3% | 10.8× | -18.3% | +7.9% |
| Axial Retailing 8255.T | Japan | $865M | +30% | +3% | 4% | 15.1× | -10.9% | +2.9% |
| BELC 9974.T | Japan | $852M | -8% | +5% | 4% | 10.7× | n/a | n/a |
| WH Smith SMWH.L | United Kingdom | $851M | -10% | -31% | 8% | 11.0× | 9.1% | +8.8% |