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Chinese IT distributor and services group, spun off from Legend/Lenovo, reselling hardware, software and cloud/IT services.
Chinese IT distributor and services group, spun off from Legend/Lenovo, reselling hardware, software and cloud/IT services.
Buys hardware and software from vendors and resells it for a thin margin per sale, which is why sales are large relative to profit; the higher-margin work is cloud, systems integration and managed IT services. It acts as a channel partner between global and domestic vendors and Chinese enterprises.
In one line: China's Tech Data/Ingram Micro in IT distribution.
Moat: narrow (scale, distribution). Established nationwide IT distribution network built over decades is hard to replicate.
Headquarters: Beijing, China · Founded: 2000 · Employees: 5,548
Size Digital China (000034.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $3.16B, the 816th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.99 on 6 Nov 2026.
Performance Over six months the shares fell 22.0%, against -35.0% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 28.2% over the last twelve months (peer median +6.2%); the operating margin is 1.1% (peer median 4.0%).
Valuation It trades at 26.6× forward earnings against a peer median of 23.0× (7th most expensive of 16).
Capital Return on invested capital runs 0.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥178B | CN¥144B | CN¥128B | CN¥120B | CN¥116B |
| Revenue growth | — | +12% | +7% | +3% | — |
| Gross profit | CN¥5.71B | CN¥4.66B | CN¥5.19B | CN¥4.62B | CN¥4.30B |
| EBITDA | n/a | CN¥1.67B | CN¥2.13B | CN¥2.07B | CN¥1.85B |
| Net income | CN¥633M | CN¥523M | CN¥753M | CN¥1.17B | CN¥1.00B |
| Free cash flow | -CN¥4.67B | -CN¥2.81B | CN¥2.23B | -CN¥352M | CN¥796M |
| Capital expenditure | CN¥361M | CN¥479M | CN¥588M | CN¥408M | CN¥242M |
| Total debt | CN¥29.9B | CN¥27.2B | CN¥23.9B | CN¥22.9B | CN¥19.7B |
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 |
|---|---|---|---|---|---|---|
| Digital China 000034.SZ | $3.16B | -22% | +28% | 1% | 26.6× | n/a |
| Lenovo 0992.HK | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% |
| Neusoft 600718.SS | $1.51B | -3% | -5% | -5% | 37.1× | -6.1% |
| Digital China 0861.HK | $410M | -14% | +16% | 1% | n/a | 1.5% |
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 | 000034.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -6.8% | 10th highest of 21 |
| 6-month return | -22.0% | -35.0% | 8th highest of 20 |
| Distance from 52-week high | -37.2% | -56.0% | 8th highest of 21 |
| Revenue growth (TTM) | +28.2% | +6.2% | 6th highest of 21 |
| Operating margin | 1.1% | 4.0% | 8th lowest of 21 |
| Forward P/E | 26.6× | 23.0× | 7th most expensive of 16 |
| ROIC minus cost of capital | -0.6 pp | -2.9 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| Ohb OHB.DE | Germany | $4.45B | -61% | +18% | 5% | 60.7× | n/a | n/a |
| QuantumCTek 688027.SS | China | $4.60B | -48% | -19% | -33% | 4,259.0× | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| Shanghai Longcheer Technology 603341.SS | China | $2.12B | +2% | +1% | 0% | 29.8× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| Jiang Su Etern 600105.SS | China | $4.82B | -48% | +49% | 12% | 24.4× | n/a | n/a |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |