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State-owned textile and apparel conglomerate under a defense-industry group, making chemical fiber, fabric and garments.
State-owned textile and apparel conglomerate under a defense-industry group, making chemical fiber, fabric and garments.
Sells fabric and uniforms to government and military buyers through procurement contracts and also to commercial garment makers, so state purchasing is a steadier line than the competitive textile trade. Chemical fibre and fabric sales follow textile cycles.
Moat: narrow (scale, regulatory licence). State-backed scale plus qualified military-uniform textile supply relationships.
Headquarters: China · Employees: 12,964
Size Jihua (601718.SS) is a China Consumer Discretionary company (Apparel/Footwear) with a market value of $1.10B, the 2123rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.68 on 6 Nov 2026.
Performance Over six months the shares fell 42.7%, against -4.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 21.8% over the last twelve months (peer median +8.8%); the operating margin is -10.0% (peer median 7.8%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 1.8× (4th cheapest of 21).
Capital Return on invested capital runs 10.2 points below its cost of capital (5.4% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.13B | CN¥6.91B | CN¥9.87B | CN¥11.5B | CN¥15.4B |
| Revenue growth | — | -30% | -14% | -25% | — |
| Gross profit | CN¥645M | CN¥839M | CN¥532M | CN¥1.46B | CN¥1.67B |
| EBITDA | -CN¥248M | -CN¥70.9M | -CN¥1.84B | CN¥398M | CN¥502M |
| Net income | -CN¥504M | -CN¥294M | -CN¥4.23B | CN¥182M | CN¥221M |
| Free cash flow | -CN¥634,100 | -CN¥512M | -CN¥531M | CN¥126,090 | CN¥422M |
| Capital expenditure | CN¥393M | CN¥632M | CN¥649M | CN¥1.87B | CN¥578M |
| Total debt | CN¥1.63B | CN¥1.92B | CN¥2.29B | CN¥2.80B | CN¥3.14B |
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 |
|---|---|---|---|---|---|---|
| Jihua 601718.SS | $1.10B | -43% | -22% | -10% | 0.8× | n/a |
| Jiangsu Hongdou Industrial 600400.SS | $1.06B | +11% | +22% | -9% | 3.0× | 13.7% |
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 | 601718.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.9% | -3.5% | 5th lowest of 21 |
| 6-month return | -42.7% | -4.0% | 3rd lowest of 21 |
| Distance from 52-week high | -56.4% | -39.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | -21.8% | +8.8% | lowest of 21 |
| Operating margin | -10.0% | 7.8% | 2nd lowest of 21 |
| EV / Sales | 0.8× | 1.8× | 4th cheapest of 21 |
| ROIC minus cost of capital | -10.2 pp | +0.9 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jihua 601718.SS | China | $1.10B | -43% | -22% | -10% | 0.8× | n/a | n/a |
| Human Made 456A.T | Japan | $1.10B | +39% | +27% | 30% | 9.6× | 7.7% | n/a |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 1.0× | n/a | n/a |
| Guangdong Golden Dragon Development 000712.SZ | China | $1.12B | -20% | -3% | -20% | 17.5× | n/a | n/a |
| Jiangsu Hongdou Industrial 600400.SS | China | $1.06B | +11% | +22% | -9% | 3.0× | 13.7% | -1.3% |
| Topscore Fashion 603608.SS | China | $1.05B | +28% | +9% | 4% | 5.9× | 51.6% | -9.4% |
| Dazzle Fashion 603587.SS | China | $1.03B | +10% | +7% | 16% | 1.9× | -9.2% | -3.5% |
| Lancy 002612.SZ | China | $1.19B | +11% | +9% | 10% | 1.6× | -1.2% | +15.9% |
| Toread 300005.SZ | China | $1.21B | -45% | +22% | -1% | 4.6× | n/a | n/a |
| Wacoal 3591.T | Japan | $1.21B | -21% | +2% | -1% | 1.1× | 35.7% | +2.4% |
| Salvatore Ferragamo SFER.MI | Italy | $1.22B | -19% | -2% | 3% | 1.6× | 22.5% | +2.2% |
| Zhonghong Pulin Medical Products 300981.SZ | China | $990M | +5% | +11% | 9% | 1.9× | -1.7% | -13.1% |
| JOEONE 601566.SS | China | $975M | +4% | +1% | 6% | 1.7× | -2.9% | +2.1% |
| Shanghai Puyuan Chemical Materials 603196.SS | China | $964M | -46% | +78% | 12% | 4.3× | 16.2% | -0.2% |
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 3.0× | 10.1% | +8.1% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 0.5× | -10.3% | +10.8% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 2.3× | 25.0% | +27.5% |
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 0.4× | -20.3% | +16.0% |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 0.4× | -9.5% | +7.5% |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 1.6× | n/a | n/a |
| Fujian Septwolves Industry 002029.SZ | China | $873M | -20% | +1% | -3% | 1.4× | 4.5% | -2.0% |