China's first stock-market-listed venture capital firm, a Shandong state-owned investor in tech and strategic emerging industries.
China's first stock-market-listed venture capital firm, a Shandong state-owned investor in tech and strategic emerging industries.
Profit comes mainly from gains when it sells or revalues stakes in companies it has backed, plus fees for managing funds, so results are lumpy and tied to how easily portfolio companies can list or be sold. Its state owner is the Shandong provincial government.
In one line: A Chinese, publicly listed Shandong state venture-capital fund.
Moat: narrow (scale, distribution). Largest and most established Shandong-based VC platform with broad deal access via state backing.
Headquarters: Jinan, China · Founded: 1988 · Employees: 260
Size Luxin Venture Capital (600783.SS) is a China Materials company (Industrial Specialties) with a market value of $1.45B, the 1671st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.03 on 6 Nov 2026.
Performance Over six months the shares fell 40.0%, against -10.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 24.3% over the last twelve months (peer median +10.4%); the operating margin is -50.4% (peer median 10.8%).
Valuation It trades at 2.16× book value against a peer median of 2.23× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 22.1%; Luxin Venture Capital delivers -0.4%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥102M | CN¥86.2M | CN¥80.0M | CN¥79.9M | CN¥115M |
| Revenue growth | — | +8% | 0% | -30% | — |
| Gross profit | CN¥55.3M | CN¥22.5M | CN¥7.51M | CN¥9.70M | CN¥23.8M |
| EBITDA | n/a | -CN¥54.2M | -CN¥59.2M | -CN¥69.6M | -CN¥97.1M |
| Net income | -CN¥17.2M | CN¥144M | CN¥162M | CN¥254M | CN¥481M |
| Free cash flow | CN¥112M | CN¥126M | CN¥54.0M | CN¥18.7M | -CN¥173M |
| Capital expenditure | CN¥3.40M | CN¥1.37M | CN¥7.69M | CN¥3.58M | CN¥192M |
| Total debt | CN¥3.93B | CN¥3.87B | CN¥3.50B | CN¥3.43B | CN¥3.33B |
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| Measure | 600783.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.3% | -11.2% | 10th highest of 21 |
| 6-month return | -40.0% | -10.6% | 2nd lowest of 21 |
| Return on equity | -0.4% | 9.1% | lowest of 21 |
| Price / book | 2.16× | 2.23× | 10th cheapest of 21 |
| ROE the price implies | 22.1% | 21.6% | 11th least demanding of 21 |
| ROE delivered | -0.4% | 9.1% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | 0% | 2.16× | 22.1% | -0.4% |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 4% | 2.37× | 37.9% | 3.9% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 6% | 1.41× | 19.0% | 5.9% |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 22% | 5.11× | 41.3% | 22.3% |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 14% | 2.17× | 22.5% | 13.7% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 6% | 8.52× | 85.6% | 5.6% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 15% | 5.33× | 40.0% | 15.3% |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 27% | 2.64× | 20.8% | 27.4% |
| Kunshan Dongwei Technology 688700.SS | China | $1.64B | -40% | +56% | 11% | 5.78× | 46.0% | 10.8% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 13% | 2.31× | 27.3% | 13.1% |
| Kansai Nerolac Paints KANSAINER.NS | India | $1.67B | -7% | +10% | 9% | 2.30× | 30.5% | 9.2% |
| Aica Kogyo 4206.T | Japan | $1.68B | +19% | +5% | 10% | 1.37× | 6.3% | 10.4% |
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 7% | 0.88× | 6.2% | 7.1% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 7% | 0.77× | 5.5% | 7.0% |
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 6% | 0.94× | 6.5% | 5.8% |
| Explosive 002096.SZ | China | $1.74B | -14% | -3% | 9% | 1.43× | 7.5% | 9.1% |
| Triumph Science & Technology 600552.SS | China | $1.76B | -20% | +12% | 3% | 2.67× | 29.1% | 3.0% |
| Zhejiang Runtu 002440.SZ | China | $1.77B | -1% | +23% | 14% | 1.11× | 7.8% | 13.8% |
| PCBL Chemical PCBL.NS | India | $1.16B | -8% | +6% | 7% | 2.71× | 46.8% | 6.8% |
| Xinjiang Xuefeng Sci-Tech (Group) 603227.SS | China | $1.14B | -17% | -8% | 9% | 1.41× | 7.7% | 9.2% |
| Gansu Energy Chemical 000552.SZ | China | $1.86B | -19% | +11% | 2% | 0.73× | 5.4% | 1.7% |