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One of China's largest float-glass makers, producing flat glass, photovoltaic glass and electronic/pharmaceutical glass.
One of China's largest float-glass makers, producing flat glass, photovoltaic glass and electronic/pharmaceutical glass.
Sells float glass at prices that follow industry capacity and construction demand, so earnings swing with the gap between glass prices and costs such as soda ash and fuel. Solar glass is sold into the module chain, where supply expanded fast and price cycles are sharp.
In one line: China's largest float-glass producer, akin to a scaled Guardian Glass/NSG.
Moat: narrow (scale, cost advantage). Large-scale, low-cost float-glass production capacity across multiple regional bases.
Headquarters: Zhuzhou/Foshan, China · Employees: 14,932
Size Zhuzhou Kibing (601636.SS) is a China Consumer Discretionary company (Home Furnishings) with a market value of $2.22B, the 1150th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.00 on 6 Nov 2026.
Performance Over six months the shares fell 21.0%, against -11.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 4.4% over the last twelve months (peer median +1.1%); the operating margin is -8.1% (peer median 6.5%).
Valuation It trades at 1.8× enterprise value to sales against a peer median of 1.3× (8th most expensive of 21).
Capital Return on invested capital runs 7.0 points below its cost of capital (7.6% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.1B | CN¥15.7B | CN¥15.6B | CN¥15.5B | CN¥13.2B |
| Revenue growth | — | +1% | +1% | +18% | — |
| Gross profit | CN¥2.74B | CN¥1.88B | CN¥2.26B | CN¥3.60B | CN¥2.56B |
| EBITDA | n/a | CN¥2.58B | CN¥2.16B | CN¥3.41B | CN¥2.42B |
| Net income | -CN¥1.05B | CN¥619M | CN¥383M | CN¥1.75B | CN¥1.32B |
| Free cash flow | -CN¥344M | -CN¥210M | -CN¥2.21B | -CN¥3.83B | -CN¥3.59B |
| Capital expenditure | CN¥1.73B | CN¥1.99B | CN¥3.13B | CN¥5.38B | CN¥4.18B |
| Total debt | CN¥14.6B | CN¥13.8B | CN¥14.5B | CN¥11.4B | CN¥7.37B |
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 |
|---|---|---|---|---|---|---|
| Zhuzhou Kibing 601636.SS | $2.22B | -21% | -4% | -8% | 1.8× | n/a |
| CSG 000012.SZ | $1.17B | -13% | -12% | -5% | 1.5× | n/a |
| Xinyi Glass 0868.HK | $4.79B | -19% | -12% | 13% | 1.7× | 6.8% |
| Flat Glass 6865.HK | $2.87B | -40% | -20% | -2% | 2.4× | 11.2% |
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 | 601636.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | +0.9% | 6th lowest of 21 |
| 6-month return | -21.0% | -11.4% | 5th lowest of 21 |
| Distance from 52-week high | -52.7% | -31.3% | 4th lowest of 21 |
| Revenue growth (TTM) | -4.4% | +1.1% | 4th lowest of 21 |
| Operating margin | -8.1% | 6.5% | 3rd lowest of 21 |
| EV / Sales | 1.8× | 1.3× | 8th most expensive of 21 |
| ROIC minus cost of capital | -7.0 pp | -1.3 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhuzhou Kibing 601636.SS | China | $2.22B | -21% | -4% | -8% | 1.8× | n/a | n/a |
| Higold 001221.SZ | China | $2.05B | -40% | +17% | 21% | 3.0× | -3.4% | +33.2% |
| Gansu Golden Solar 300093.SZ | China | $2.42B | -9% | -9% | -152% | 72.5× | n/a | n/a |
| Arhaus ARHS | United States | $2.01B | +118% | +5% | 7% | 1.7× | 28.4% | +22.1% |
| MotoMotion China 301061.SZ | China | $1.96B | -4% | -2% | 26% | 3.2× | -5.1% | +20.7% |
| Patrick Industries PATK | United States | $2.53B | -17% | +2% | 6% | 1.1× | 9.3% | +9.7% |
| A-Zenith Home Furnishings 603389.SS | China | $1.91B | -17% | +275% | -5% | 17.3× | n/a | n/a |
| WG Tech (JiangXi) 603773.SS | China | $1.87B | -20% | +2% | -8% | 5.7× | n/a | n/a |
| Asahi India Glass ASAHIINDIA.NS | India | $2.79B | +22% | +20% | 16% | 5.1× | n/a | n/a |
| Oppein Home 603833.SS | China | $2.88B | -32% | -27% | 5% | 1.5× | 6.1% | +3.2% |
| LIXIL 5938.T | Japan | $3.07B | +4% | +2% | 2% | 0.7× | 17.3% | +1.9% |
| Nien Made Enterprise 8464.TW | Taiwan | $3.08B | +1% | +4% | 35% | 2.8× | -8.3% | +4.2% |
| Forbo FORN.SW | Switzerland | $1.51B | +23% | -1% | 8% | 1.1× | 0.2% | -0.6% |
| Hyundai G.f 005440.KS | South Korea | $1.44B | -21% | -1% | 4% | 0.5× | -1.0% | +20.1% |
| Jason Furniture (Hangzhou) 603816.SS | China | $3.57B | -10% | +1% | 9% | 1.1× | -2.2% | +9.7% |
| MasterBrand MBC | United States | $1.37B | -12% | 0% | -1% | 1.0× | 19.4% | +2.1% |
| Okamura 7994.T | Japan | $1.35B | -14% | +3% | 7% | 0.6× | -6.7% | +6.1% |
| Ziel Home Furnishing Technology 301376.SZ | China | $1.32B | +32% | +21% | 6% | 0.9× | -7.0% | +17.0% |
| La-Z-Boy LZB | United States | $1.27B | -11% | 0% | 7% | 0.7× | 4.2% | +4.2% |
| Man Wah 1999.HK | Hong Kong | $1.20B | -45% | -3% | 14% | 0.7× | -6.5% | 0.0% |
| CSG 000012.SZ | China | $1.17B | -13% | -12% | -5% | 1.5× | n/a | n/a |