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Employees: 2,040
Size Qingdao Hiron Commercial Cold Chain (603187.SS) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $592M, the 3452nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.16 on 6 Nov 2026.
Performance Over six months the shares fell 27.3%, against -20.8% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +2.2%); the operating margin is 12.2% (peer median 2.0%).
Valuation It trades at 11.6× forward earnings against a peer median of 13.0× (3rd cheapest of 9).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.2 points above its cost of capital (7.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.39B | CN¥3.33B | CN¥2.82B | CN¥3.19B | CN¥2.90B |
| Revenue growth | — | +18% | -12% | +10% | — |
| Gross profit | CN¥898M | CN¥878M | CN¥748M | CN¥883M | CN¥659M |
| EBITDA | CN¥540M | CN¥567M | CN¥465M | CN¥521M | CN¥356M |
| Net income | CN¥325M | CN¥389M | CN¥354M | CN¥413M | CN¥292M |
| Free cash flow | CN¥207M | CN¥387M | CN¥147M | CN¥455M | -CN¥196M |
| Capital expenditure | CN¥242M | CN¥312M | CN¥274M | CN¥199M | CN¥340M |
| Total debt | CN¥809M | CN¥786M | CN¥579M | CN¥727M | CN¥603M |
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 | 603187.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.1% | -6.6% | 8th highest of 21 |
| 6-month return | -27.3% | -20.8% | 6th lowest of 21 |
| Distance from 52-week high | -41.1% | -38.7% | 9th lowest of 21 |
| Revenue growth (TTM) | +11.8% | +2.2% | 5th highest of 21 |
| Operating margin | 12.2% | 2.0% | 3rd highest of 21 |
| Forward P/E | 11.6× | 13.0× | 3rd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -7.2% | 3.9% | 5th least demanding of 10 |
| Growth delivered (Del g) | +12.2% | +6.8% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | -19.4 pp | -3.3 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | +3.2 pp | -2.0 pp | 8th highest of 21 |
| EV / EBITDA | 5.1× | 4.3× | 3rd most expensive of 6 |
| Net debt / EBITDA | -2.2× | -2.6× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Hiron Commercial Cold Chain 603187.SS | China | $592M | -27% | +12% | 12% | 11.6× | -7.2% | +12.2% |
| HG Technologies 300847.SZ | China | $596M | -16% | +2% | 10% | n/a | n/a | n/a |
| Anhui Strong State New Materials 001279.SZ | China | $585M | -18% | +24% | 0% | n/a | 37.7% | +6.3% |
| Changhong Meiling 000521.SZ | China | $582M | -28% | -11% | -1% | 12.5× | 23.1% | +14.6% |
| AmTRAN Technology 2489.TW | Taiwan | $569M | -33% | +5% | 1% | n/a | n/a | n/a |
| Cuckoo 192400.KS | South Korea | $618M | -8% | +10% | 12% | 6.2× | -20.7% | +9.4% |
| Zhejiang Entive Smart Kitchen Appliance 300911.SZ | China | $619M | -28% | -51% | -50% | n/a | n/a | n/a |
| Zhejiang Meida Industrial 002677.SZ | China | $567M | -20% | -42% | -12% | 97.5× | n/a | n/a |
| Suzhou Alton Electrical & Mechanical Industry 301187.SZ | China | $620M | -20% | +30% | 9% | 29.8× | n/a | n/a |
| Zojirushi 7965.T | Japan | $621M | -5% | +5% | 8% | 17.9× | -9.0% | +4.0% |
| Elec-Tech International 002005.SZ | China | $560M | -27% | 0% | -23% | n/a | n/a | n/a |
| Marssenger Kitchenware 300894.SZ | China | $559M | -12% | -41% | -61% | n/a | n/a | n/a |
| Guangdong Avcit Technology 001229.SZ | China | $634M | +11% | +11% | 10% | n/a | 43.0% | +6.8% |
| Xiamen Comfort Science & Technology 002614.SZ | China | $640M | +19% | +12% | 0% | n/a | 3.9% | -6.3% |
| Ability Enterprise 2374.TW | Taiwan | $546M | -34% | +65% | 9% | n/a | n/a | n/a |
| Shenzhen Textile (Holdings) 000045.SZ | China | $646M | -25% | -4% | 3% | n/a | 5.7% | +9.0% |
| Kyung Dong Navien 009450.KS | South Korea | $650M | -21% | +5% | 13% | 7.6× | -17.8% | +11.5% |
| Vatti 002035.SZ | China | $536M | -26% | -13% | 4% | 13.6× | n/a | n/a |
| Doshisha 7483.T | Japan | $660M | -12% | +3% | 9% | 11.9× | -19.9% | +3.5% |
| Appotronics 688007.SS | China | $662M | -35% | -47% | -20% | n/a | n/a | n/a |
| Aucma 600336.SS | China | $675M | -24% | -15% | -7% | n/a | n/a | n/a |