Chinese industrial group; specific business segments not confidently known.
Chinese industrial group; specific business segments not confidently known.
Moat: none
Headquarters: Shanxi, China · Employees: 6,857
Size Shanxi Huaxiang (603112.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $1.24B, the 1923rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.35 on 6 Nov 2026.
Performance Over six months the shares fell 26.0%, against -16.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +12.1%); the operating margin is 11.2% (peer median 9.3%).
Valuation It trades at 12.1× forward earnings against a peer median of 23.1× (4th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.8 points above its cost of capital (6.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.39B | CN¥4.12B | CN¥3.82B | CN¥3.25B | CN¥3.22B |
| Revenue growth | — | +8% | +17% | +1% | — |
| Gross profit | CN¥1.07B | CN¥849M | CN¥776M | CN¥728M | CN¥546M |
| EBITDA | n/a | CN¥876M | CN¥736M | CN¥642M | CN¥474M |
| Net income | CN¥487M | CN¥558M | CN¥471M | CN¥389M | CN¥264M |
| Free cash flow | CN¥84.4M | -CN¥69.6M | CN¥342M | CN¥202M | -CN¥158M |
| Capital expenditure | CN¥89.4M | CN¥141M | CN¥140M | CN¥114M | CN¥321M |
| Total debt | CN¥2.14B | CN¥928M | CN¥1.78B | CN¥1.51B | CN¥1.58B |
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 | 603112.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.8% | +1.3% | 8th lowest of 21 |
| 6-month return | -26.0% | -16.1% | 6th lowest of 21 |
| Distance from 52-week high | -35.9% | -36.9% | 10th highest of 21 |
| Revenue growth (TTM) | +9.1% | +12.1% | 7th lowest of 21 |
| Operating margin | 11.2% | 9.3% | 9th highest of 21 |
| Forward P/E | 12.1× | 23.1× | 4th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 1.4% | 11.0% | 4th least demanding of 10 |
| Growth delivered (Del g) | +16.2% | +9.0% | 4th highest of 9 |
| Hurdle (Req g minus delivered) | -14.8 pp | -12.1 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +4.8 pp | -0.0 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanxi Huaxiang 603112.SS | China | $1.24B | -26% | +9% | 11% | 12.1× | 1.4% | +16.2% |
| CRA International CRAI | United States | $1.24B | +42% | +11% | 10% | 22.4× | n/a | n/a |
| Vcanbio Cell & Gene Engineering 600645.SS | China | $1.23B | -32% | -6% | 12% | 45.0× | 11.0% | +1.9% |
| Jadard Technology 688252.SS | China | $1.22B | -12% | +6% | 12% | 23.8× | 13.3% | +31.3% |
| Resolute Holdings Management RHLD | United States | $1.20B | +39% | +10% | 9% | n/a | 26.0% | n/a |
| Shanghai MicroPort EP Medtech 688351.SS | China | $1.27B | -23% | +20% | 3% | 135.2× | 41.7% | +26.7% |
| Bajaj Mobility BMAG.SW | Switzerland | $1.28B | +86% | -47% | -44% | 10.4× | n/a | n/a |
| China East Education 0667.HK | Hong Kong | $1.18B | -18% | +16% | 22% | 8.4× | -6.1% | +4.1% |
| Shenzhen Aoni Electronic 301189.SZ | China | $1.18B | -17% | +139% | 2% | n/a | n/a | n/a |
| Beijing Haitian Ruisheng Science Technology 688787.SS | China | $1.17B | -1% | +34% | 4% | 163.5× | n/a | n/a |
| SBT Ultrasonic Technology 688392.SS | China | $1.16B | -19% | +42% | 17% | 52.9× | n/a | n/a |
| EMTEK (Shenzhen) 300938.SZ | China | $1.16B | -44% | +11% | 27% | 33.1× | n/a | n/a |
| Suzhou Novoprotein Scientific 688137.SS | China | $1.33B | +161% | +8% | -62% | n/a | n/a | n/a |
| Naruida Technology 688522.SS | China | $1.14B | -28% | +20% | 14% | 22.0× | n/a | n/a |
| Central Mine Planning & Design Institute CMPDI.NS | India | $1.34B | -15% | +10% | 33% | n/a | 4.0% | +18.7% |
| Nittetsu Mining 1515.T | Japan | $1.34B | +10% | +13% | 9% | n/a | n/a | n/a |
| TKC 9746.T | Japan | $1.34B | +21% | +14% | 22% | 18.1× | -9.9% | +4.2% |
| Changchun Up Optotech 002338.SZ | China | $1.34B | -39% | +22% | 2% | 43.4× | n/a | n/a |
| FESCO 600861.SS | China | $1.11B | -18% | +4% | 1% | 10.4× | n/a | n/a |
| SBS 2384.T | Japan | $1.38B | +32% | +22% | 6% | 14.1× | -8.2% | +13.8% |
| China Security 600654.SS | China | $1.39B | -31% | -30% | -1% | n/a | 56.7% | +0.4% |