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Major Chinese producer of polyester filament yarn and PTA/chemical-fiber raw materials for the textile industry.
Major Chinese producer of polyester filament yarn and PTA/chemical-fiber raw materials for the textile industry.
Profit depends on the spread between yarn prices and the cost of the chain behind them, from crude oil to PTA to polyester, rather than on the absolute price of yarn. Producing its own PTA lowers input costs and cushions that spread.
In one line: A fiber-focused Chinese Eastman.
Moat: narrow (scale, cost advantage). Large integrated PTA-to-yarn scale gives a cost edge over smaller filament producers.
Headquarters: Suzhou, China · Employees: 18,136
Size Xinfengming (603225.SS) is a China Consumer Discretionary company (Textiles) with a market value of $4.54B, the 562nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.13 on 6 Nov 2026.
Performance Over six months the shares fell 2.1%, against -13.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 22.3% over the last twelve months (peer median +12.3%); the operating margin is 3.9% (peer median 9.5%).
Valuation It trades at 9.7× forward earnings against a peer median of 15.8× (4th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (6.6% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥84.9B | CN¥71.5B | CN¥67.1B | CN¥61.4B | CN¥50.8B |
| Revenue growth | — | +7% | +9% | +21% | — |
| Gross profit | CN¥8.73B | CN¥3.42B | CN¥3.48B | CN¥3.27B | CN¥1.63B |
| EBITDA | n/a | CN¥4.73B | CN¥4.60B | CN¥4.21B | CN¥2.35B |
| Net income | CN¥2.76B | CN¥1.02B | CN¥1.10B | CN¥1.09B | -CN¥206M |
| Free cash flow | CN¥1.33B | -CN¥2.67B | -CN¥352M | CN¥331M | -CN¥2.13B |
| Capital expenditure | CN¥4.76B | CN¥7.41B | CN¥7.18B | CN¥3.35B | CN¥5.38B |
| Total debt | CN¥34.6B | CN¥29.6B | CN¥28.6B | CN¥23.4B | CN¥21.2B |
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 |
|---|---|---|---|---|---|---|
| Xinfengming 603225.SS | $4.54B | -2% | +22% | 4% | 9.7× | -3.9% |
| Hengli Petrochemical 600346.SS | $17.5B | -25% | -8% | 8% | 9.2× | -8.0% |
| Tongkun 601233.SS | $8.35B | -3% | +21% | 5% | 6.8× | -1.4% |
| Rongsheng Petrochemical 002493.SZ | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% |
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 | 603225.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | -6.8% | 5th highest of 21 |
| 6-month return | -2.1% | -13.3% | 8th highest of 21 |
| Distance from 52-week high | -21.1% | -20.5% | 11th highest of 21 |
| Revenue growth (TTM) | +22.3% | +12.3% | 2nd highest of 21 |
| Operating margin | 3.9% | 9.5% | 3rd lowest of 21 |
| Forward P/E | 9.7× | 15.8× | 4th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.9% | -0.3% | 6th least demanding of 18 |
| Growth delivered (Del g) | +14.1% | +5.2% | 4th highest of 18 |
| Hurdle (Req g minus delivered) | -18.0 pp | -2.4 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | +4.1 pp | +1.9 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xinfengming 603225.SS | China | $4.54B | -2% | +22% | 4% | 9.7× | -3.9% | +14.1% |
| Inner Mongolia ERDOS Resources 600295.SS | China | $5.49B | -5% | +2% | 9% | 14.1× | -9.2% | +2.2% |
| Huafon Chemical 002064.SZ | China | $7.15B | -18% | +13% | 14% | 12.0× | -0.3% | +10.5% |
| Hengyi Petrochemical 000703.SZ | China | $7.21B | -30% | +21% | 9% | 5.0× | -6.6% | +5.6% |
| Nitto Boseki 3110.T | Japan | $2.85B | -58% | +12% | 20% | 19.3× | n/a | n/a |
| Tongkun 601233.SS | China | $8.35B | -3% | +21% | 5% | 6.8× | -1.4% | +15.4% |
| Sinoma Science & Technology 002080.SZ | China | $8.76B | -40% | +18% | 9% | 19.5× | n/a | n/a |
| HMT (Xiamen) New Technical Materials 603306.SS | China | $2.18B | -56% | -1% | 0% | 57.4× | 50.6% | +21.4% |
| Coats COA.L | United Kingdom | $2.14B | +2% | +5% | 15% | 11.2× | 11.6% | +4.1% |
| OC Oerlikon OERL.SW | Switzerland | $1.99B | +41% | -21% | 8% | 15.8× | 1.0% | -7.0% |
| Grace Fabric Technology 603256.SS | China | $10.6B | -36% | +115% | 44% | 57.2× | n/a | n/a |
| Albany International AIN | United States | $1.91B | +8% | +14% | 13% | 22.5× | 8.5% | +5.6% |
| Toray Industries 3402.T | Japan | $11.1B | +6% | +6% | 6% | 16.6× | 5.5% | +6.5% |
| North Chemical Industries 002246.SZ | China | $1.80B | -10% | +17% | 15% | 28.4× | 8.3% | +3.0% |
| Tangshan Sanyou Chemical Industries 600409.SS | China | $1.72B | -28% | +1% | 1% | 24.0× | 4.5% | +1.3% |
| Ruentex Industries 2915.TW | Taiwan | $1.72B | +23% | -25% | 10% | 6.9× | 48.3% | -2.4% |
| Bros Eastern 601339.SS | China | $1.72B | -16% | +11% | 11% | 11.8× | -8.3% | +5.2% |
| Luolai Lifestyle Technology 002293.SZ | China | $1.55B | +10% | +6% | 14% | 16.4× | -2.6% | -0.2% |
| Billion Industrial 2299.HK | Hong Kong | $1.48B | +136% | +13% | 6% | n/a | -8.7% | +15.6% |
| Xinxiang Chemical Fiber 000949.SZ | China | $1.46B | -27% | +19% | 8% | 12.5× | -3.3% | +12.2% |
| Sunvim 002083.SZ | China | $1.16B | -20% | +19% | 17% | 9.8× | -12.1% | +3.3% |