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Employees: 8,026
Size Yinchuan Xinhua Commercial (600785.SS) is a China Consumer Staples company (Food Retail) with a market value of $540M, the 3675th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.39 on 6 Nov 2026.
Performance Over six months the shares fell 8.2%, against -7.7% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 1.7% over the last twelve months (peer median +2.2%); the operating margin is 4.5% (peer median 2.7%).
Valuation It trades at 21.8× forward earnings against a peer median of 13.1× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +2 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 0.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.98B | CN¥5.94B | CN¥6.09B | CN¥6.00B | CN¥5.83B |
| Revenue growth | — | -2% | +1% | +3% | — |
| Gross profit | CN¥1.14B | CN¥1.12B | CN¥1.27B | CN¥1.23B | CN¥1.10B |
| EBITDA | CN¥792M | CN¥784M | CN¥823M | CN¥816M | CN¥707M |
| Net income | CN¥57.1M | CN¥74.5M | CN¥135M | CN¥136M | CN¥93.5M |
| Free cash flow | CN¥671M | CN¥776M | CN¥570M | CN¥574M | CN¥416M |
| Capital expenditure | CN¥207M | CN¥160M | CN¥284M | CN¥356M | CN¥309M |
| Total debt | CN¥3.79B | CN¥3.71B | CN¥3.63B | CN¥4.01B | CN¥4.12B |
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.
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 | 600785.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | -0.8% | 5th highest of 21 |
| 6-month return | -8.2% | -7.7% | 10th lowest of 21 |
| Distance from 52-week high | -42.6% | -23.3% | 6th lowest of 21 |
| Revenue growth (TTM) | -1.7% | +2.2% | 7th lowest of 21 |
| Operating margin | 4.5% | 2.7% | 7th highest of 21 |
| Forward P/E | 21.8× | 13.1× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 2.7% | -5.8% | 5th most demanding of 17 |
| Growth delivered (Del g) | +0.9% | +4.3% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | +1.8 pp | -14.0 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | -0.7 pp | +2.5 pp | 5th lowest of 20 |
| EV / EBITDA | 7.9× | 5.6× | 3rd most expensive of 9 |
| Net debt / EBITDA | 3.8× | -0.1× | 3rd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yinchuan Xinhua Commercial 600785.SS | China | $540M | -8% | -2% | 4% | 21.8× | 2.7% | +0.9% |
| Village Super Market VLGEA | United States | $551M | -8% | +4% | 3% | n/a | -2.5% | +3.5% |
| Liqun Commercial 601366.SS | China | $528M | -9% | -25% | -4% | n/a | 2.9% | -4.2% |
| Zhongbai 000759.SZ | China | $521M | 0% | -22% | -11% | n/a | n/a | n/a |
| Halows 2742.T | Japan | $500M | -7% | +6% | 5% | n/a | -12.8% | +8.2% |
| Bestore 603719.SS | China | $587M | -11% | 0% | 0% | 140.6× | 6.3% | -7.0% |
| JM Holdings Co., Ltd. 3539.T | Japan | $493M | +12% | +7% | 5% | 10.2× | -12.4% | +8.9% |
| Maxvalu Tokai 8198.T | Japan | $621M | -10% | +1% | 3% | n/a | -20.0% | +1.6% |
| ARKO ARKO | United States | $445M | -42% | -2% | 2% | 39.7× | -4.2% | +13.8% |
| Natural Grocers by Vitamin Cottage NGVC | United States | $659M | +8% | +2% | 5% | 12.9× | 10.6% | +5.1% |
| Guoquan Food (Shanghai) Company 2517.HK | Hong Kong | $422M | -62% | +25% | 6% | 5.2× | -17.7% | +20.5% |
| Dingdong (Cayman) Ltd. Sponsored ADR DDL | United States | $413M | -30% | -44% | -1% | 6.1× | -20.2% | +15.6% |
| Aeon Hokkaido 7512.T | Japan | $719M | -4% | +3% | 2% | n/a | n/a | n/a |
| Heiwado 8276.T | Japan | $749M | -2% | +2% | 3% | 13.3× | -3.8% | +0.7% |
| Retail Partners 8167.T | Japan | $380M | +6% | +4% | 2% | n/a | -7.3% | +2.8% |
| Saint Marc 3395.T | Japan | $353M | -5% | +17% | 5% | 18.3× | -4.3% | +15.0% |
| Sanjiang Shopping Club 601116.SS | China | $833M | -26% | -7% | 3% | n/a | n/a | n/a |
| WH Smith SMWH.L | United Kingdom | $851M | -10% | -31% | 8% | 11.0× | 9.1% | +8.8% |
| BELC 9974.T | Japan | $852M | -8% | +5% | 4% | 10.7× | n/a | n/a |
| Axial Retailing 8255.T | Japan | $865M | +30% | +3% | 4% | 15.1× | -10.9% | +2.9% |
| Jiajiayue 603708.SS | China | $874M | -12% | 0% | 2% | 25.6× | -12.7% | +1.5% |