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Shanghai company affiliated with Tongji University, providing engineering design/consulting and property development services.
Shanghai company affiliated with Tongji University, providing engineering design/consulting and property development services.
In one line: A Chinese university-affiliated engineering-design and property company.
Moat: narrow (brand). Tongji University affiliation lends engineering-design credibility versus generic developers.
Headquarters: Shanghai, China · Employees: 3,561
Size Shanghai Tongji Science & Technology Industrial (600846.SS) is a China Consumer Discretionary company (Homebuilding) with a market value of $870M, the 2578th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.29 on 6 Nov 2026.
Performance Over six months the shares fell 27.2%, against -10.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 50.8% over the last twelve months (peer median +7.3%); the operating margin is 2.9% (peer median 6.8%).
Valuation It trades at 1.0× enterprise value to sales against a peer median of 1.1× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +15 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 0.8 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.47B | CN¥4.42B | CN¥4.16B | CN¥5.65B | CN¥3.93B |
| Revenue growth | — | +6% | -26% | +44% | — |
| Gross profit | CN¥754M | CN¥553M | CN¥413M | CN¥542M | CN¥532M |
| EBITDA | n/a | CN¥317M | CN¥221M | CN¥264M | CN¥297M |
| Net income | CN¥245M | CN¥272M | CN¥406M | CN¥381M | CN¥352M |
| Free cash flow | CN¥54.5M | CN¥1.03B | CN¥606M | -CN¥2.18B | CN¥2.09B |
| Capital expenditure | CN¥33.7M | CN¥20.3M | CN¥19.1M | CN¥28.4M | CN¥25.5M |
| Total debt | CN¥2.95B | CN¥2.81B | CN¥2.37B | CN¥1.60B | CN¥1.16B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shanghai Tongji Science & Technology Industrial 600846.SS | $870M | -27% | +51% | 3% | 1.0× | 7.8% |
| Arcplus 600629.SS | $2.43B | -17% | -25% | -3% | 2.8× | n/a |
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 | 600846.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.0% | 0.0% | 2nd lowest of 21 |
| 6-month return | -27.2% | -10.0% | 2nd lowest of 21 |
| Distance from 52-week high | -49.4% | -28.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +50.8% | +7.3% | 4th highest of 21 |
| Operating margin | 2.9% | 6.8% | 4th lowest of 21 |
| EV / Sales | 1.0× | 1.1× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.8% | -8.3% | 2nd most demanding of 14 |
| Growth delivered (Del g) | -6.8% | +1.8% | 3rd lowest of 14 |
| Hurdle (Req g minus delivered) | +14.6 pp | -8.8 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -0.8 pp | +1.6 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Tongji Science & Technology Industrial 600846.SS | China | $870M | -27% | +51% | 3% | 1.0× | 7.8% | -6.8% |
| Dexterra DXT.TO | Canada | $876M | +59% | +9% | 6% | 1.3× | 5.1% | +17.2% |
| Run Long Construction 1808.TW | Taiwan | $844M | +10% | +741% | 25% | 2.5× | -12.0% | -3.2% |
| Huaku Development 2548.TW | Taiwan | $928M | -21% | +331% | 22% | 1.4× | -18.6% | +10.0% |
| Tokyu Construction 1720.T | Japan | $774M | -21% | +11% | 5% | 0.2× | -13.6% | +8.1% |
| Chongqing Construction Engineering 600939.SS | China | $773M | -11% | -28% | -4% | 1.1× | -7.9% | -16.8% |
| Takamatsu Construction 1762.T | Japan | $769M | +16% | +6% | 6% | 0.3× | n/a | n/a |
| Black Diamond BDI.TO | Canada | $1.02B | +25% | +26% | 12% | 3.2× | n/a | n/a |
| Cathay Real Estate Development 2501.TW | Taiwan | $719M | -9% | +14% | 19% | 0.8× | -20.7% | +11.7% |
| LGI Homes LGIH | United States | $1.06B | -2% | -2% | 4% | 1.4× | 18.3% | -6.4% |
| Legacy Housing LEGH | United States | $694M | +25% | -3% | 33% | 3.7× | 3.5% | -1.4% |
| Dream Finders Homes DFH | United States | $1.12B | -13% | -11% | 3% | 0.7× | n/a | n/a |
| Vistry VTY.L | United Kingdom | $1.12B | -19% | -8% | -9% | 0.4× | n/a | n/a |
| Atal 1AT.WA | Poland | $668M | -5% | +40% | 26% | 2.6× | -3.9% | +1.8% |
| CEVIA Enviro 000885.SZ | China | $1.16B | -14% | -2% | 27% | 3.6× | -8.3% | +14.0% |
| Shenzhen Centralcon Investment 000042.SZ | China | $637M | -34% | +116% | 14% | 1.0× | -14.2% | -24.7% |
| Okumura 1833.T | Japan | $1.19B | -17% | 0% | 5% | 0.8× | n/a | n/a |
| JSL Construction & Development 2540.TW | Taiwan | $1.25B | -14% | -35% | 3% | 8.6× | n/a | n/a |
| Kindom Development 2520.TW | Taiwan | $600M | +15% | +10% | 16% | 1.1× | -13.2% | -3.5% |
| Hovnanian Enterprises HOV | United States | $594M | -6% | -10% | 3% | 0.5× | 4.8% | +4.9% |
| Nishimatsu Construction 1820.T | Japan | $1.28B | -11% | +14% | 8% | 0.9× | n/a | n/a |