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Beijing human-resources group providing HR outsourcing, payroll and staffing for foreign and domestic enterprises.
Beijing human-resources group providing HR outsourcing, payroll and staffing for foreign and domestic enterprises.
Employs staff on behalf of foreign companies that have no local entity and passes through their pay and benefits, so reported revenue is large while the margin it keeps is a small service fee per head. Owned by Beijing city, which gave it early access to foreign-invested firms.
In one line: A China-based ADP/Randstad-style HR outsourcing firm.
Moat: narrow (installed base, regulatory licence). Long-standing licences and relationships servicing foreign-invested enterprises in Beijing.
Headquarters: Beijing, China · Employees: 3,545
Size FESCO (600861.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $1.11B, the 2104th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.05 on 6 Nov 2026.
Performance Over six months the shares fell 17.9%, against -15.8% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +10.2%); the operating margin is 1.1% (peer median 11.0%).
Valuation It trades at 10.4× forward earnings against a peer median of 20.6× (4th cheapest of 18).
Capital Return on invested capital runs 13.5 points above its cost of capital (8.1% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥45.3B | CN¥44.9B | CN¥42.8B | CN¥38.1B | CN¥32.2B |
| Revenue growth | — | +5% | +12% | +18% | — |
| Gross profit | CN¥2.27B | CN¥2.04B | CN¥2.12B | CN¥2.23B | CN¥2.12B |
| EBITDA | n/a | CN¥943M | CN¥876M | CN¥677M | CN¥772M |
| Net income | CN¥677M | CN¥1.17B | CN¥791M | CN¥548M | CN¥414M |
| Free cash flow | CN¥247M | CN¥1.29B | CN¥275M | CN¥580M | CN¥6.03M |
| Capital expenditure | CN¥7.80M | CN¥12.3M | CN¥33.1M | CN¥70.2M | CN¥67.9M |
| Total debt | CN¥237M | CN¥302M | CN¥569M | CN¥657M | CN¥665M |
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 | 600861.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.9% | +0.6% | 10th highest of 21 |
| 6-month return | -17.9% | -15.8% | 9th lowest of 21 |
| Distance from 52-week high | -35.2% | -34.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +3.9% | +10.2% | 6th lowest of 21 |
| Operating margin | 1.1% | 11.0% | 3rd lowest of 21 |
| Forward P/E | 10.4× | 20.6× | 4th cheapest of 18 |
| ROIC minus cost of capital | +13.5 pp | -0.4 pp | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FESCO 600861.SS | China | $1.11B | -18% | +4% | 1% | 10.4× | n/a | n/a |
| Prosegur Cash CASH.MC | Spain | $1.09B | +5% | -5% | 11% | 9.6× | -13.0% | +5.7% |
| BrightView BV | United States | $1.08B | -10% | +1% | 4% | 20.6× | n/a | n/a |
| Naruida Technology 688522.SS | China | $1.14B | -28% | +20% | 14% | 22.0× | n/a | n/a |
| Beijing Cuiwei Tower 603123.SS | China | $1.07B | -23% | -12% | -18% | n/a | n/a | n/a |
| Smartgroup SIQ.AX | Australia | $1.06B | +1% | +10% | 37% | 16.8× | -0.5% | +8.8% |
| EMTEK (Shenzhen) 300938.SZ | China | $1.16B | -44% | +11% | 27% | 33.1× | n/a | n/a |
| SBT Ultrasonic Technology 688392.SS | China | $1.16B | -19% | +42% | 17% | 52.9× | n/a | n/a |
| Beijing Haitian Ruisheng Science Technology 688787.SS | China | $1.17B | -1% | +34% | 4% | 163.5× | n/a | n/a |
| Shenzhen Aoni Electronic 301189.SZ | China | $1.18B | -17% | +139% | 2% | n/a | n/a | n/a |
| Neurones NRO.PA | France | $1.04B | +5% | +7% | 9% | 17.1× | -8.3% | +10.3% |
| China East Education 0667.HK | Hong Kong | $1.18B | -18% | +16% | 22% | 8.4× | -6.1% | +4.1% |
| Resolute Holdings Management RHLD | United States | $1.20B | +39% | +10% | 9% | n/a | 26.0% | n/a |
| Graincorp GNC.AX | Australia | $1.02B | +9% | -2% | 0% | 46.7× | n/a | n/a |
| Willdan WLDN | United States | $1.01B | -25% | +18% | 7% | 14.5× | 15.4% | +11.8% |
| Jadard Technology 688252.SS | China | $1.22B | -12% | +6% | 12% | 23.8× | 13.3% | +31.3% |
| Shenzhen Boshijie Technology 301608.SZ | China | $1.00B | -20% | +15% | 14% | 20.9× | n/a | n/a |
| Vcanbio Cell & Gene Engineering 600645.SS | China | $1.23B | -32% | -6% | 12% | 45.0× | 11.0% | +1.9% |
| Shanxi Huaxiang 603112.SS | China | $1.24B | -26% | +9% | 11% | 12.1× | 1.4% | +16.2% |
| GL events GLO.PA | France | $991M | -14% | +6% | 10% | 8.7× | 3.1% | +29.1% |
| Shanghai Action Education Tehnology 605098.SS | China | $991M | -10% | +15% | 40% | 16.3× | -3.0% | +16.4% |