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Shanghai state group developing industrial parks and property under the Shanghai Industrial Holdings conglomerate.
Shanghai state group developing industrial parks and property under the Shanghai Industrial Holdings conglomerate.
Moat: narrow (scale, regulatory licence). Shanghai Industrial Holdings affiliation provides land access and financing support.
Headquarters: Shanghai, China · Employees: 9,401
Size Shanghai Industrial Development (600748.SS) is a China Real Estate company (Real Estate Development) with a market value of $952M, the 2395th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.44 on 6 Nov 2026.
Performance Over six months the shares fell 35.1%, against -12.4% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue fell 3.0% over the last twelve months (peer median +0.1%); the operating margin is 0.4% (peer median 5.0%).
Valuation It trades at 0.63× book value against a peer median of 1.18× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 5.9%; Shanghai Industrial Development delivers -3.0%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.88B | CN¥3.38B | CN¥2.48B | CN¥8.72B | CN¥4.91B |
| Revenue growth | — | +36% | -72% | +77% | — |
| Gross profit | CN¥842M | CN¥974M | CN¥633M | CN¥2.73B | CN¥765M |
| EBITDA | n/a | CN¥14.9M | CN¥411M | CN¥1.60B | CN¥526M |
| Net income | -CN¥307M | -CN¥618M | -CN¥291M | CN¥129M | CN¥123M |
| Free cash flow | CN¥1.07B | CN¥1.20B | -CN¥1.28B | -CN¥2.82B | CN¥2.30B |
| Capital expenditure | CN¥5.50M | CN¥4.07M | CN¥2.87M | CN¥31.3M | CN¥3.95M |
| Total debt | CN¥13.9B | CN¥14.0B | CN¥14.2B | CN¥13.3B | CN¥14.0B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Shanghai Industrial Development 600748.SS | $952M | -35% | -3% | -3% | 0.63× | 5.9% |
| China Enterprise 600675.SS | $1.98B | -15% | -35% | -5% | 0.95× | 5.9% |
| Suzhou New District Hi-Tech Industrial 600736.SS | $934M | -34% | -30% | 4% | 0.59× | 5.2% |
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 | 600748.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.9% | -4.8% | 5th lowest of 21 |
| 6-month return | -35.1% | -12.4% | 6th lowest of 20 |
| Return on equity | -3.0% | 1.7% | 8th lowest of 20 |
| Price / book | 0.63× | 1.18× | 4th cheapest of 21 |
| ROE the price implies | 5.9% | 11.5% | 6th least demanding of 21 |
| ROE delivered | -3.0% | 1.7% | 8th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shanghai Industrial Development 600748.SS | China | $952M | -35% | -3% | -3% | 0.63× | 5.9% | -3.0% |
| Ningbo Fuda 600724.SS | China | $956M | -37% | -18% | 6% | 2.23× | 14.7% | 6.4% |
| Develia DVL.WA | Poland | $947M | -26% | +70% | 33% | 1.91× | 18.4% | 33.1% |
| PropNex OYY.SI | Singapore | $956M | -9% | +8% | 56% | 9.86× | 97.2% | 55.5% |
| HMC Capital HMC.AX | Australia | $946M | +17% | -27% | 1% | 0.89× | 12.9% | 1.2% |
| Hefei Urban Construction Development 002208.SZ | China | $961M | -42% | -14% | -10% | 1.10× | 16.1% | -10.0% |
| Heiwa Real Estate 8803.T | Japan | $964M | -6% | +23% | 9% | 1.21× | 5.4% | 9.1% |
| Suzhou New District Hi-Tech Industrial 600736.SS | China | $934M | -34% | -30% | 4% | 0.59× | 5.2% | 3.8% |
| SR Medical Technology 0108.HK | Hong Kong | $972M | -10% | +25% | -18% | 7.50× | 20.3% | -17.8% |
| Shunfa Hengneng 000631.SZ | China | $922M | -9% | +9% | 0% | 1.20× | 6.6% | 0.3% |
| Jiangsu Dagang 002077.SZ | China | $983M | -32% | +24% | 2% | 1.92× | 12.9% | 1.8% |
| Sveafastigheter SVEAF-B.ST | Sweden | $916M | n/a | +8% | 3% | 0.41× | 3.3% | 3.0% |
| Financial Street 000402.SZ | China | $991M | -30% | -38% | -20% | 0.34× | 4.6% | -20.5% |
| WeWork India Management WEWORK.NS | India | $1.00B | +26% | +25% | 36% | 27.81× | 324.8% | 36.3% |
| Shanghai AJ 600643.SS | China | $1.00B | -12% | -41% | -16% | 0.66× | 6.2% | -15.7% |
| Fermi FRMI | United States | $1.01B | -70% | n/a | n/a | 0.97× | 16.5% | n/a |
| Rongan Property 000517.SZ | China | $898M | -7% | -76% | -26% | 1.35× | 9.1% | -25.6% |
| PEXA PXA.AX | Australia | $896M | -38% | +3% | 2% | 1.16× | 10.1% | 1.7% |
| China Sports Industry 600158.SS | China | $1.01B | -41% | 0% | -8% | 2.81× | 16.0% | -7.9% |
| Bukit Sembawang Estates B61.SI | Singapore | $880M | -10% | -37% | 8% | 0.67× | 4.3% | 7.9% |
| Harworth HWG.L | United Kingdom | $879M | +51% | -35% | -4% | 0.95× | 10.0% | -3.7% |