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Zhejiang-based maker of nylon and spandex (elastane) chemical fiber for apparel and textile customers.
Zhejiang-based maker of nylon and spandex (elastane) chemical fiber for apparel and textile customers.
In one line: A Chinese spandex maker, akin to a small Hyosung.
Moat: none (scale). Commodity synthetic-fiber producer; margins track feedstock and capacity-cycle swings.
Headquarters: Shaoxing, China · Employees: 6,607
Size Zhejiang Taihua New Material (603055.SS) is a China Consumer Discretionary company (Textiles) with a market value of $1.09B, the 2137th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.25 on 6 Nov 2026.
Performance Over six months the shares fell 9.0%, against -17.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +0.2%); the operating margin is 10.4% (peer median 6.0%).
Valuation It trades at 10.2× forward earnings against a peer median of 10.7× (5th cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (5.7% WACC).
Next results Next results expected around 13 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.84B | CN¥6.39B | CN¥7.10B | CN¥5.08B | CN¥4.00B |
| Revenue growth | — | -10% | +40% | +27% | — |
| Gross profit | CN¥1.95B | CN¥1.23B | CN¥1.55B | CN¥1.03B | CN¥808M |
| EBITDA | n/a | CN¥1.04B | CN¥1.24B | CN¥814M | CN¥585M |
| Net income | CN¥618M | CN¥531M | CN¥726M | CN¥449M | CN¥269M |
| Free cash flow | CN¥1.09B | CN¥373M | CN¥36.8M | -CN¥1.46B | -CN¥524M |
| Capital expenditure | CN¥789M | CN¥857M | CN¥670M | CN¥1.77B | CN¥1.12B |
| Total debt | CN¥5.58B | CN¥4.92B | CN¥5.37B | CN¥4.58B | CN¥2.54B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Taihua New Material 603055.SS | $1.09B | -9% | +3% | 10% | 10.2× | -5.0% |
| Hyosung 004800.KS | $1.42B | -49% | +10% | 15% | 6.2× | 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 | 603055.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.7% | -3.5% | 2nd lowest of 21 |
| 6-month return | -9.0% | -17.0% | 10th highest of 21 |
| Distance from 52-week high | -26.9% | -34.2% | 8th highest of 21 |
| Revenue growth (TTM) | +3.1% | +0.2% | 11th highest of 21 |
| Operating margin | 10.4% | 6.0% | 6th highest of 21 |
| Forward P/E | 10.2× | 10.7× | 5th cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | 11.3% | 2nd least demanding of 15 |
| Growth delivered (Del g) | +20.7% | +4.5% | highest of 15 |
| Hurdle (Req g minus delivered) | -25.7 pp | +1.5 pp | least demanding of 15 |
| ROIC minus cost of capital | +2.5 pp | -2.0 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 10.2× | -5.0% | +20.7% |
| Kurabo Industries 3106.T | Japan | $1.10B | +33% | -3% | 7% | n/a | 8.2% | +3.3% |
| 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% |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | n/a | 35.4% | -3.9% |
| Sunvim 002083.SZ | China | $1.16B | -20% | +19% | 17% | 9.8× | -12.1% | +3.3% |
| 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% |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 5.1× | n/a | n/a |
| Zhejiang Xinao Textiles 603889.SS | China | $908M | -5% | +20% | 13% | 10.2× | n/a | n/a |
| Formosa Taffeta 1434.TW | Taiwan | $888M | +9% | -7% | 2% | n/a | 19.9% | -0.9% |
| Zhewen Pictures 601599.SS | China | $884M | +37% | +4% | 1% | n/a | 46.4% | +13.9% |
| Zhejiang Yunzhongma 603130.SS | China | $867M | -8% | +4% | 4% | n/a | 21.1% | +18.8% |
| Jiangsu Sanfame Polyester Material 600370.SS | China | $857M | -44% | -13% | -3% | n/a | n/a | n/a |
| Shanghai Anoky 300067.SZ | China | $853M | -29% | +36% | 3% | n/a | n/a | n/a |
| Zhejiang Hailide New Material 002206.SZ | China | $845M | -18% | -7% | 11% | 9.7× | -2.2% | +10.7% |
| Shanxi Guoxin Energy Corporation Limited 600617.SS | China | $838M | -16% | -9% | 3% | n/a | 0.8% | +4.5% |
| Huafu Fashion 002042.SZ | China | $822M | -31% | -23% | 2% | 18.9× | 15.1% | -10.8% |
| Xinxiang Chemical Fiber 000949.SZ | China | $1.46B | -27% | +19% | 8% | 12.5× | -3.3% | +12.2% |
| Xingye Leather Technology 002674.SZ | China | $807M | +35% | +7% | 8% | 30.9× | 14.3% | +15.4% |