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Employees: 1,085
Size Beijing Changjiu Logistics (603569.SS) is a China Industrials company (Other Transportation) with a market value of $502M, the 3856th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.55 on 6 Nov 2026.
Performance Over six months the shares fell 17.0%, against -12.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 47.0% over the last twelve months (peer median +1.1%); the operating margin is -0.5% (peer median 12.9%).
Valuation It trades at 10.5× forward earnings against a peer median of 16.0× (3rd cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.7 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¥2.57B | CN¥3.69B | CN¥4.01B | CN¥3.77B | CN¥3.96B |
| Revenue growth | — | -8% | +6% | -5% | — |
| Gross profit | CN¥471M | CN¥277M | CN¥389M | CN¥328M | CN¥308M |
| EBITDA | n/a | CN¥319M | CN¥412M | CN¥270M | CN¥223M |
| Net income | -CN¥120M | -CN¥87.4M | CN¥79.6M | CN¥70.3M | CN¥18.0M |
| Free cash flow | CN¥293M | CN¥294M | CN¥267M | CN¥238M | -CN¥59.2M |
| Capital expenditure | CN¥35.9M | CN¥38.3M | CN¥157M | CN¥196M | CN¥93.8M |
| Total debt | CN¥1.98B | CN¥1.87B | CN¥1.90B | CN¥1.59B | CN¥1.87B |
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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 | 603569.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -4.2% | 8th lowest of 21 |
| 6-month return | -17.0% | -12.1% | 9th lowest of 21 |
| Distance from 52-week high | -36.1% | -28.2% | 9th lowest of 21 |
| Revenue growth (TTM) | -47.0% | +1.1% | lowest of 21 |
| Operating margin | -0.5% | 12.9% | 7th lowest of 21 |
| Forward P/E | 10.5× | 16.0× | 3rd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 6.2% | -1.8% | 6th most demanding of 18 |
| Growth delivered (Del g) | -2.0% | +7.1% | 3rd lowest of 18 |
| Hurdle (Req g minus delivered) | +8.2 pp | -7.3 pp | 3rd most demanding of 18 |
| ROIC minus cost of capital | -1.7 pp | -1.2 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Changjiu Logistics 603569.SS | China | $502M | -17% | -47% | -1% | 10.5× | 6.2% | -2.0% |
| Guangdong Great River Smarter Logistics 002930.SZ | China | $507M | -43% | +5% | -8% | 49.3× | 8.9% | +7.1% |
| Sichuan Fulin Transportation 002357.SZ | China | $496M | -10% | -2% | -8% | n/a | 43.1% | +5.3% |
| Shanghai Shentong Metro 600834.SS | China | $520M | -9% | +1% | 8% | n/a | 11.4% | +14.6% |
| Tianjin Port Development 3382.HK | Hong Kong | $478M | -14% | -21% | 21% | n/a | -8.3% | -5.5% |
| Hainan Haiqi Transportation 603069.SS | China | $548M | -32% | -22% | -20% | 23.1× | n/a | n/a |
| China Hi-Tech 600730.SS | China | $548M | -31% | +16% | -32% | n/a | n/a | n/a |
| Delixi New Energy Technology 603032.SS | China | $550M | -33% | +27% | 17% | 68.0× | 33.8% | +61.4% |
| Guangzhou Hangxin Aviation Technology 300424.SZ | China | $457M | -35% | -1% | -3% | n/a | 3.2% | +7.5% |
| Bohai Ferry 603167.SS | China | $565M | -10% | -5% | 14% | 11.0× | -8.4% | +9.6% |
| Anhui Jiuhuashan Tourism Development 603199.SS | China | $573M | -5% | +6% | 32% | 16.5× | -4.0% | +21.3% |
| Nanjing Port 002040.SZ | China | $576M | -21% | +2% | 31% | n/a | -4.8% | +6.7% |
| Transport International 0062.HK | Hong Kong | $592M | -16% | +1% | 6% | n/a | -8.6% | +6.4% |
| Subaru Enterprise 9632.T | Japan | $424M | +48% | 0% | 15% | n/a | -6.0% | +1.5% |
| Zhuhai Port 000507.SZ | China | $638M | -9% | 0% | 12% | n/a | -2.0% | +4.5% |
| Longzhou 002682.SZ | China | $371M | -27% | +5% | -17% | n/a | 9.9% | -7.4% |
| Toscana Aeroporti TYA.MI | Italy | $371M | -2% | +13% | 22% | n/a | -3.9% | +23.6% |
| Yuexiu Transport Infrastructure 1052.HK | Hong Kong | $699M | -19% | +9% | 36% | 6.2× | 0.1% | +7.4% |
| Aeroporto Guglielmo Marconi di Bologna ADB.MI | Italy | $361M | +3% | +10% | 18% | 15.4× | -1.8% | +22.0% |
| Mobico MCG.L | United Kingdom | $360M | +103% | +5% | 5% | 4.3× | n/a | n/a |
| Heilongjiang Transport Development 601188.SS | China | $746M | +13% | -4% | 27% | n/a | 0.4% | +7.0% |