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Heilongjiang's state publishing group, publishing K-12 textbooks and general books with provincial bookstore retail distribution.
Heilongjiang's state publishing group, publishing K-12 textbooks and general books with provincial bookstore retail distribution.
In one line: A Chinese state-owned publisher/bookstore chain.
Moat: narrow (regulatory licence, distribution). Provincial textbook publishing licence plus a dedicated bookstore distribution network.
Headquarters: Harbin, Heilongjiang, China · Employees: 2,514
Size Heilongjiang Publishing & Media (605577.SS) is a China Communication Services company (Publishing: Books/Magazines) with a market value of $1.03B, the 2238th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.52 on 6 Nov 2026.
Performance Over six months the shares gained 36.7%, against -2.5% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 2.1% over the last twelve months (peer median -4.0%); the operating margin is 7.2% (peer median 6.0%).
Valuation It trades at 2.5× enterprise value to sales against a peer median of 1.7× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +4 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 7.8 points above its cost of capital (5.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.55B | CN¥1.49B | CN¥1.64B | CN¥1.88B | CN¥1.79B |
| Revenue growth | — | -9% | -13% | +5% | — |
| Gross profit | CN¥654M | CN¥538M | CN¥648M | CN¥766M | CN¥706M |
| EBITDA | n/a | CN¥232M | CN¥266M | CN¥329M | CN¥504M |
| Net income | CN¥195M | CN¥224M | CN¥201M | CN¥348M | CN¥478M |
| Free cash flow | CN¥369M | CN¥295M | CN¥210M | CN¥314M | CN¥277M |
| Capital expenditure | CN¥33.6M | CN¥35.5M | CN¥40.6M | CN¥67.8M | CN¥78.1M |
| Total debt | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Heilongjiang Publishing & Media 605577.SS | $1.03B | +37% | +2% | 7% | 2.5× | 3.2% |
| Jiangsu Phoenix Publishing & Media 601928.SS | $3.60B | 0% | -13% | 7% | 1.1× | -7.9% |
| China South Publishing & Media 601098.SS | $3.11B | +2% | -1% | 11% | 0.5× | -20.2% |
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 | 605577.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | +1.4% | 8th highest of 21 |
| 6-month return | +36.7% | -2.5% | 2nd highest of 21 |
| Distance from 52-week high | -27.0% | -21.8% | 7th lowest of 21 |
| Revenue growth (TTM) | +2.1% | -4.0% | 4th highest of 21 |
| Operating margin | 7.2% | 6.0% | 11th highest of 21 |
| EV / Sales | 2.5× | 1.7× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 3.2% | 10.8% | 8th least demanding of 19 |
| Growth delivered (Del g) | -0.5% | +2.0% | 8th lowest of 19 |
| Hurdle (Req g minus delivered) | +3.7 pp | +5.8 pp | 10th least demanding of 19 |
| ROIC minus cost of capital | +7.8 pp | +2.7 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Heilongjiang Publishing & Media 605577.SS | China | $1.03B | +37% | +2% | 7% | 2.5× | 3.2% | -0.5% |
| Storytel STORY-B.ST | Sweden | $1.01B | +37% | +9% | 12% | 2.3× | 12.0% | +12.5% |
| Citic Press 300788.SZ | China | $958M | -6% | -2% | 1% | 2.9× | 26.8% | -2.1% |
| Time Publishing & Media 600551.SS | China | $761M | -5% | -25% | 4% | 0.2× | -21.0% | +0.7% |
| Bloomsbury Publishing BMY.L | United Kingdom | $722M | +9% | -7% | 9% | 1.7× | 0.7% | +12.0% |
| Scholastic SCHL | United States | $685M | -7% | -3% | 1% | 0.7× | n/a | n/a |
| Chinese Universe Publishing & Media 600373.SS | China | $1.57B | -6% | -5% | -4% | n/a | n/a | n/a |
| China Publishing & Media 601949.SS | China | $1.64B | -2% | -10% | 3% | 1.1× | 6.3% | -2.1% |
| Changjiang Publishing & Media 600757.SS | China | $1.67B | +6% | -3% | 11% | 1.1× | -9.5% | +1.2% |
| Dook Media 301025.SZ | China | $603M | -11% | -5% | 4% | 10.2× | 52.3% | -3.1% |
| Northern United Publishing & Media (Group) 601999.SS | China | $581M | -4% | -20% | 2% | 1.5× | 20.0% | -3.8% |
| Astro Century Education & Technology 300654.SZ | China | $580M | -4% | -3% | 4% | 6.4× | 48.9% | +7.3% |
| Arnoldo Mondadori Editore MN.MI | Italy | $579M | -5% | +2% | 9% | 0.9× | -4.9% | +4.6% |
| DuZhe Publishing&Media 603999.SS | China | $577M | 0% | -6% | 2% | 3.2× | 24.3% | -3.5% |
| Inner Mongolia Xinhua Distribution 603230.SS | China | $554M | -3% | -27% | 1% | 1.0× | 34.7% | +3.6% |
| Southern Publishing & Media 601900.SS | China | $2.09B | +27% | -3% | 16% | 1.5× | -10.2% | +4.7% |
| China Science Publishing & Media 601858.SS | China | $2.31B | -23% | 0% | 10% | 3.7× | 25.2% | +3.6% |
| Shandong Publishing & Media 601019.SS | China | $2.41B | +3% | -8% | 8% | 0.8× | -14.1% | +2.9% |
| John Wiley & Sons WLY | United States | $2.55B | +21% | 0% | 18% | 2.3× | 0.3% | -2.9% |
| MPS MPSLTD.NS | India | $404M | +36% | +10% | 29% | 4.7× | 9.6% | +12.7% |
| Value Line VALU | United States | $398M | +22% | -5% | 11% | 9.5× | 33.3% | -3.7% |