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State-owned Chinese PC and server maker promoting domestic "xinchuang" (IT self-sufficiency) hardware built on home-grown CPUs and operating systems.
State-owned Chinese PC and server maker promoting domestic "xinchuang" (IT self-sufficiency) hardware built on home-grown CPUs and operating systems.
Sells to government and state-owned buyers through procurement programmes that favour domestic technology, so volume depends on how fast agencies replace foreign PCs and servers. An arm of China Electronics Corporation, a state-owned electronics group.
In one line: A state-backed Lenovo/Dell aimed at replacing foreign PCs and servers in government/SOEs.
Moat: narrow (regulatory licence, customer qualification). Preferred/mandated vendor status in China's government IT self-sufficiency (xinchuang) procurement program.
Headquarters: Shenzhen, China · Founded: 1985 · Employees: 12,980
Size China Greatwall Technology (000066.SZ) is a China Information Technology company (Computer Processing Hardware) with a market value of $5.40B, the 465th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.44 on 6 Nov 2026.
Performance Over six months the shares fell 42.3%, against -7.9% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 28.4% over the last twelve months (peer median +14.4%); the operating margin is -0.8% (peer median 2.6%).
Valuation It trades at 81.7× forward earnings against a peer median of 13.2× (most expensive of 16).
Capital Return on invested capital runs 8.6 points below its cost of capital (9.7% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥19.1B | CN¥15.8B | CN¥14.2B | CN¥13.4B | CN¥14.0B |
| Revenue growth | — | +11% | +6% | -4% | — |
| Gross profit | CN¥3.39B | CN¥2.22B | CN¥1.83B | CN¥2.43B | CN¥3.20B |
| EBITDA | n/a | CN¥270M | -CN¥725M | -CN¥332M | CN¥941M |
| Net income | CN¥171M | -CN¥55.7M | -CN¥1.48B | -CN¥977M | CN¥123M |
| Free cash flow | -CN¥1.33B | -CN¥913M | -CN¥55.1M | -CN¥360M | -CN¥1.41B |
| Capital expenditure | CN¥376M | CN¥459M | CN¥270M | CN¥835M | CN¥1.04B |
| Total debt | CN¥12.2B | CN¥11.2B | CN¥11.5B | CN¥11.8B | CN¥11.5B |
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 |
|---|---|---|---|---|---|---|
| China Greatwall Technology 000066.SZ | $5.40B | -42% | +28% | -1% | 81.7× | n/a |
| Lenovo 0992.HK | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% |
| IEIT SYSTEMS Co., Ltd.Class A 000977.SZ | $12.1B | -21% | +14% | 3% | 14.3× | 7.7% |
| Tsinghua Tongfang 600100.SS | $3.15B | -22% | -11% | -2% | n/a | 30.2% |
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 | 000066.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.4% | -8.6% | 3rd lowest of 21 |
| 6-month return | -42.3% | -7.9% | lowest of 19 |
| Distance from 52-week high | -55.6% | -35.6% | 6th lowest of 21 |
| Revenue growth (TTM) | +28.4% | +14.4% | 7th highest of 20 |
| Operating margin | -0.8% | 2.6% | 5th lowest of 20 |
| Forward P/E | 81.7× | 13.2× | most expensive of 16 |
| ROIC minus cost of capital | -8.6 pp | +0.5 pp | 5th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 81.7× | n/a | n/a |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 13.2× | n/a | n/a |
| Lingyi iTech (Guangdong) 1688.HK | Hong Kong | $5.75B | n/a | +14% | 6% | 12.6× | n/a | n/a |
| Guangzhou Shiyuan Electronic Technology 002841.SZ | China | $4.37B | +13% | +35% | 8% | 11.2× | -2.7% | +7.3% |
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 12.9× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 13.1× | n/a | n/a |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | n/a | n/a | n/a |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 39.5× | n/a | n/a |
| IEIT SYSTEMS Co., Ltd.Class A 000977.SZ | China | $12.1B | -21% | +14% | 3% | 14.3× | 7.7% | +21.2% |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| GoerTek 002241.SZ | China | $13.1B | 0% | -3% | 2% | 25.5× | n/a | n/a |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| IonQ IONQ | United States | $14.0B | -34% | +371% | -392% | n/a | n/a | n/a |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |