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Zhejiang-based textile weaver producing woven fabrics, including decorative and home-furnishing textiles.
Zhejiang-based textile weaver producing woven fabrics, including decorative and home-furnishing textiles.
Moat: none (scale). Commodity textile weaving in a fragmented, price-competitive industry.
Headquarters: Shaoxing, China · Employees: 4,455
Size Zhejiang Xinao Textiles (603889.SS) is a China Consumer Discretionary company (Textiles) with a market value of $908M, the 2499th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.38 on 6 Nov 2026.
Performance Over six months the shares fell 4.8%, against -12.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 19.7% over the last twelve months (peer median -2.3%); the operating margin is 12.7% (peer median 5.1%).
Valuation It trades at 10.2× forward earnings against a peer median of 12.4× (3rd cheapest of 9).
Capital Return on invested capital runs 6.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.82B | CN¥5.04B | CN¥4.83B | CN¥4.43B | CN¥3.94B |
| Revenue growth | — | +4% | +9% | +12% | — |
| Gross profit | CN¥1.34B | CN¥974M | CN¥886M | CN¥796M | CN¥715M |
| EBITDA | n/a | CN¥845M | CN¥706M | CN¥620M | CN¥539M |
| Net income | CN¥573M | CN¥480M | CN¥428M | CN¥404M | CN¥390M |
| Free cash flow | -CN¥88.2M | CN¥161M | -CN¥385M | -CN¥129M | CN¥273M |
| Capital expenditure | CN¥221M | CN¥259M | CN¥755M | CN¥681M | CN¥101M |
| Total debt | CN¥2.56B | CN¥1.72B | CN¥1.52B | CN¥1.55B | CN¥1.03B |
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 Xinao Textiles 603889.SS | $908M | -5% | +20% | 13% | 10.2× | n/a |
| Luolai Lifestyle Technology 002293.SZ | $1.55B | +10% | +6% | 14% | 16.4× | -2.6% |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | $951M | -26% | -5% | 12% | 14.0× | -1.3% |
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 | 603889.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.2% | -3.5% | 9th highest of 21 |
| 6-month return | -4.8% | -12.3% | 8th highest of 21 |
| Distance from 52-week high | -14.3% | -33.9% | 4th highest of 21 |
| Revenue growth (TTM) | +19.7% | -2.3% | 3rd highest of 21 |
| Operating margin | 12.7% | 5.1% | highest of 21 |
| Forward P/E | 10.2× | 12.4× | 3rd cheapest of 9 |
| ROIC minus cost of capital | +6.3 pp | -2.4 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Xinao Textiles 603889.SS | China | $908M | -5% | +20% | 13% | 10.2× | n/a | n/a |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 5.1× | 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% |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 14.0× | -1.3% | -2.1% |
| 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% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | n/a | n/a | n/a |
| Xingye Leather Technology 002674.SZ | China | $807M | +35% | +7% | 8% | 30.9× | 14.3% | +15.4% |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | n/a | 35.4% | -3.9% |
| Gunze 3002.T | Japan | $797M | +17% | -4% | 5% | 26.6× | 10.5% | +1.1% |
| Japan Wool Textile 3201.T | Japan | $792M | +14% | 0% | 11% | n/a | -8.6% | +2.6% |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | n/a | 16.2% | +4.4% |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 10.7× | -4.9% | +11.7% |
| Shanghai Haixin 600851.SS | China | $1.08B | +4% | -15% | 7% | n/a | n/a | n/a |
| Jiangsu Jiuding New Material 002201.SZ | China | $760M | -42% | +6% | 9% | n/a | 22.1% | +1.4% |
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 10.2× | -5.0% | +20.7% |