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Employees: 757
Size Shanghai Material Trading (600822.SS) is a China Industrials company (Wholesale Distributors) with a market value of $548M, the 3644th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.69 on 6 Nov 2026.
Performance Over six months the shares fell 12.5%, against -8.8% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue fell 47.2% over the last twelve months (peer median +8.3%); the operating margin is -0.7% (peer median 5.6%).
Valuation It trades at 1.9× enterprise value to sales against a peer median of 1.2× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is -27%, so the hurdle is +58 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 7.8 points below its cost of capital (5.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.46B | CN¥1.68B | CN¥2.55B | CN¥7.87B | CN¥5.02B |
| Revenue growth | — | -34% | -68% | +57% | — |
| Gross profit | CN¥227M | CN¥231M | CN¥239M | CN¥297M | CN¥238M |
| EBITDA | CN¥28.9M | CN¥34.0M | CN¥44.4M | CN¥118M | CN¥35.3M |
| Net income | CN¥24.7M | CN¥29.2M | CN¥50.5M | CN¥140M | CN¥60.0M |
| Free cash flow | CN¥25.4M | -CN¥30.0M | CN¥216M | CN¥281M | -CN¥250M |
| Capital expenditure | CN¥48.5M | CN¥46.1M | CN¥23.5M | CN¥23.3M | CN¥18.6M |
| Total debt | CN¥169M | CN¥183M | CN¥513M | CN¥1.64B | CN¥2.04B |
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 | 600822.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.7% | -8.0% | 8th highest of 21 |
| 6-month return | -12.5% | -8.8% | 9th lowest of 20 |
| Distance from 52-week high | -29.7% | -25.8% | 7th lowest of 21 |
| Revenue growth (TTM) | -47.2% | +8.3% | lowest of 21 |
| Operating margin | -0.7% | 5.6% | 2nd lowest of 21 |
| EV / Sales | 1.9× | 1.2× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 31.1% | 1.1% | 3rd most demanding of 14 |
| Growth delivered (Del g) | -26.6% | +8.6% | lowest of 14 |
| Hurdle (Req g minus delivered) | +57.6 pp | -4.4 pp | most demanding of 14 |
| ROIC minus cost of capital | -7.8 pp | +0.4 pp | 3rd lowest of 21 |
| Net debt / EBITDA | -32.1× | 2.2× | least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Material Trading 600822.SS | China | $548M | -12% | -47% | -1% | 1.9× | 31.1% | -26.6% |
| ACG Metals ACG.L | United Kingdom | $548M | +15% | +16% | 44% | 4.5× | n/a | n/a |
| Zheshang Development 000906.SZ | China | $554M | -18% | +13% | 0% | 0.1× | n/a | n/a |
| Gansu Engineering Consulting 000779.SZ | China | $539M | -11% | +6% | 4% | 0.9× | -2.8% | -3.7% |
| Grand Industrial 000626.SZ | China | $536M | -24% | -7% | 0% | 0.1× | n/a | n/a |
| Kunshan TopA Intelligent Equipment 300836.SZ | China | $534M | -36% | +111% | 10% | 3.5× | n/a | n/a |
| Soft99 4464.T | Japan | $562M | +11% | +5% | 14% | 2.0× | 1.9% | +3.1% |
| Nichiden 9902.T | Japan | $532M | +22% | +9% | 5% | 0.5× | -3.8% | +6.5% |
| Gifore Agricultural Science & Technology Service 300022.SZ | China | $571M | -21% | +8% | 0% | 1.5× | 39.8% | +2.1% |
| China National Complete Plant Import & Export 000151.SZ | China | $524M | -16% | +16% | 1% | 2.3× | n/a | n/a |
| Vulcan Steel VSL.AX | Australia | $573M | -1% | +15% | 6% | 1.3× | 16.3% | +8.0% |
| Doright 300950.SZ | China | $522M | -24% | +9% | 7% | 6.7× | 37.0% | +17.4% |
| Titan Machinery TITN | United States | $521M | +3% | -11% | 0% | 0.6× | -11.7% | +11.5% |
| Salix SALIX.ST | Sweden | $521M | n/a | +15% | 8% | 1.8× | 1.1% | +14.7% |
| Zhejiang Jindao Technology 301279.SZ | China | $516M | -9% | +12% | 10% | 4.2× | n/a | n/a |
| Xinjiang Hongtong Natural Gas 605169.SS | China | $514M | -4% | -5% | 6% | 1.0× | 6.6% | +31.5% |
| National Petroleum 9937.TW | Taiwan | $508M | -4% | -3% | 4% | 0.8× | -0.2% | +4.2% |
| Seika 8061.T | Japan | $594M | -13% | +12% | 8% | 0.9× | 4.2% | +8.6% |
| Wajax WJX.TO | Canada | $503M | +11% | -4% | 6% | 0.6× | -6.8% | +8.6% |
| Alligo ALLIGO-B.ST | Sweden | $600M | -15% | +5% | 6% | 0.9× | 0.5% | +9.7% |
| Guomai Culture & Media 301052.SZ | China | $603M | +26% | -34% | -19% | 8.6× | n/a | n/a |