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Ningbo-based maker of colour-spun yarn for apparel brands, with most capacity in Vietnam.
Ningbo-based maker of colour-spun yarn for apparel brands, with most capacity in Vietnam.
Earns by spinning pre-dyed fibres into colour-spun yarn that fabric makers weave and knit for apparel brands, winning orders with many colours, small batches and quick turnaround. Most spindles sit in Vietnam, where it expanded to serve global brands. It shares the niche with Huafu Fashion, and the Yang family controls it.
Moat: narrow (scale, process know-how). Among the two largest colour-spun yarn makers, with thousands of colours and fast small-batch response.
Headquarters: Ningbo, China · Employees: 15,714
Size Bros Eastern (601339.SS) is a China Consumer Discretionary company (Textiles) with a market value of $1.72B, the 1454th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.76 on 6 Nov 2026.
Performance Over six months the shares fell 16.5%, against -7.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +4.0%); the operating margin is 10.8% (peer median 9.0%).
Valuation It trades at 11.8× forward earnings against a peer median of 14.9× (6th cheapest of 15).
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 +5%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.43B | CN¥7.86B | CN¥7.94B | CN¥6.91B | CN¥6.97B |
| Revenue growth | — | -1% | +15% | -1% | — |
| Gross profit | CN¥1.72B | CN¥990M | CN¥714M | CN¥496M | CN¥1.77B |
| EBITDA | n/a | CN¥1.08B | CN¥834M | CN¥607M | CN¥1.49B |
| Net income | CN¥903M | CN¥656M | CN¥410M | CN¥504M | CN¥1.56B |
| Free cash flow | CN¥1.28B | CN¥1.09B | CN¥1.32B | CN¥733M | CN¥725M |
| Capital expenditure | CN¥274M | CN¥148M | CN¥281M | CN¥342M | CN¥539M |
| Total debt | CN¥3.18B | CN¥3.52B | CN¥4.02B | CN¥5.70B | CN¥5.21B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bros Eastern 601339.SS | $1.72B | -16% | +11% | 11% | 11.8× | -8.3% |
| Huafu Fashion 002042.SZ | $822M | -31% | -23% | 2% | 18.9× | 15.1% |
| Texhong International 2678.HK | $587M | -32% | +6% | 8% | 3.0× | -20.5% |
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 | 601339.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | -8.6% | 7th highest of 21 |
| 6-month return | -16.5% | -7.5% | 9th lowest of 21 |
| Distance from 52-week high | -18.3% | -23.5% | 9th highest of 21 |
| Revenue growth (TTM) | +11.0% | +4.0% | 9th highest of 21 |
| Operating margin | 10.8% | 9.0% | 9th highest of 21 |
| Forward P/E | 11.8× | 14.9× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -8.3% | 4.5% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +5.2% | +3.3% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | -13.5 pp | +3.2 pp | 6th least demanding of 18 |
| ROIC minus cost of capital | +4.4 pp | +0.4 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bros Eastern 601339.SS | China | $1.72B | -16% | +11% | 11% | 11.8× | -8.3% | +5.2% |
| Ruentex Industries 2915.TW | Taiwan | $1.72B | +23% | -25% | 10% | 6.9× | 48.3% | -2.4% |
| Tangshan Sanyou Chemical Industries 600409.SS | China | $1.72B | -28% | +1% | 1% | 24.0× | 4.5% | +1.3% |
| North Chemical Industries 002246.SZ | China | $1.80B | -10% | +17% | 15% | 28.4× | 8.3% | +3.0% |
| Luolai Lifestyle Technology 002293.SZ | China | $1.55B | +10% | +6% | 14% | 16.4× | -2.6% | -0.2% |
| Albany International AIN | United States | $1.91B | +8% | +14% | 13% | 22.5× | 8.5% | +5.6% |
| Billion Industrial 2299.HK | Hong Kong | $1.48B | +136% | +13% | 6% | n/a | -8.7% | +15.6% |
| OC Oerlikon OERL.SW | Switzerland | $1.99B | +41% | -21% | 8% | 15.8× | 1.0% | -7.0% |
| Xinxiang Chemical Fiber 000949.SZ | China | $1.46B | -27% | +19% | 8% | 12.5× | -3.3% | +12.2% |
| Coats COA.L | United Kingdom | $2.14B | +2% | +5% | 15% | 11.2× | 11.6% | +4.1% |
| HMT (Xiamen) New Technical Materials 603306.SS | China | $2.18B | -56% | -1% | 0% | 57.4× | 50.6% | +21.4% |
| Sunvim 002083.SZ | China | $1.16B | -20% | +19% | 17% | 9.8× | -12.1% | +3.3% |
| Kurabo Industries 3106.T | Japan | $1.10B | +33% | -3% | 7% | n/a | 8.2% | +3.3% |
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 10.2× | -5.0% | +20.7% |
| Shanghai Haixin 600851.SS | China | $1.08B | +4% | -15% | 7% | n/a | n/a | n/a |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 10.7× | -4.9% | +11.7% |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | n/a | 16.2% | +4.4% |
| Nitto Boseki 3110.T | Japan | $2.85B | -58% | +12% | 20% | 19.3× | n/a | n/a |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | n/a | 35.4% | -3.9% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | n/a | n/a | n/a |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 14.0× | -1.3% | -2.1% |