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← CockpitCompetitor Analysis › 002232.SZ Qiming Information Technology Co., Ltd. Class AOpen in the cockpit ↗

Qiming Information Technology Co., Ltd. Class A002232.SZCompetitor analysis, valuation and peers

China · CNY·Information Technology›Information Technology Services
Momentum weak 33
Mkt cap
$822M
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$23.2M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.2 pp
WACC 10.9%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥13.42
1D-2.1%
1W+5.2%
1M-16.6%
3M-7.8%
6M-24.1%
YTD-28.6%
1Y-39.3%
ATR %5.2%
52w lowhigh39.4% off high

What Qiming Information Technology does

Employees: 1,545

Qiming Information Technology at a glance

Size Qiming Information Technology (002232.SZ) is a China Information Technology company (Information Technology Services) with a market value of $822M, the 2687th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.42 on 6 Nov 2026.

Performance Over six months the shares fell 24.1%, against +13.5% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue fell 3.6% over the last twelve months (peer median +3.9%); the operating margin is 1.3% (peer median 3.5%).

Valuation It trades at 6.0× enterprise value to sales against a peer median of 2.5× (6th most expensive of 21).

Capital Return on invested capital runs 4.2 points below its cost of capital (10.9% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 116002232.SZ 74
Six months, rebased to 100: Qiming Information Technology against the median of its 20 peers (local-currency closes).

Qiming Information Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥817MCN¥771MCN¥868MCN¥1.24BCN¥1.54B
Revenue growth—-11%-30%-19%—
Gross profitCN¥225MCN¥161MCN¥121MCN¥153MCN¥248M
EBITDAn/aCN¥83.8MCN¥48.9MCN¥49.0MCN¥74.8M
Net incomeCN¥25.8MCN¥32.5MCN¥4.08MCN¥29.3MCN¥73.2M
Free cash flow-CN¥16.4MCN¥41.7M-CN¥8.24MCN¥206M-CN¥138M
Capital expenditureCN¥78.5MCN¥73.0MCN¥49.8MCN¥80.7MCN¥61.3M
Total debtCN¥331,805CN¥556,015CN¥1.91MCN¥2.62MCN¥3.70M

Quarterly statements and history in the cockpit →

Qiming Information Technology competitor charts

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.

Performance: 6-month against 1-month return

-25%0%+25%+50%+75%0%+20%4417GFT300324688286MAXOSPN300212SHFANOD-B000948003040MITK3762002279300598TANLA300287002657ASE002232.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Qiming Information Technology is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×10×20×4417GFT300324688286MAXOSPN300212SHFANOD-B0009480030403762002279300287002657600797002232.SZRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Qiming Information Technology is the large dot.

Qiming Information Technology competitors and peer comparison

How Qiming Information Technology compares with its peers

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.

Qiming Information Technology against its 20 peers (data as of 6 Nov 2026)
Measure002232.SZPeer medianRank in peer set
1-month return-16.6%+2.0%lowest of 21
6-month return-24.1%+13.5%4th lowest of 21
Distance from 52-week high-39.4%-30.7%10th lowest of 21
Revenue growth (TTM)-3.6%+3.9%10th lowest of 21
Operating margin1.3%3.5%11th highest of 21
EV / Sales6.0×2.5×6th most expensive of 21
ROIC minus cost of capital-4.2 pp-0.3 pp9th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Qiming Information Technology 002232.SZChina$822M-24%-4%1%6.0×n/an/a
Global Security Experts 4417.TJapan$822M+239%+25%21%10.5×34.4%+30.2%
GFT Technologies GFT.DEGermany$819M+35%+3%6%0.9×3.7%+14.8%
Beijing Watertek Information Technology 300324.SZChina$834M-35%-44%-32%3.4×n/an/a
Memsensing Microsystems (Suzhou China) 688286.SSChina$807M+46%-7%-6%9.0×48.4%+13.4%
MediaAlpha MAXUnited States$841M+56%+15%7%0.8×-0.7%+13.7%
OneSpan OSPNUnited States$797M+77%+5%18%3.0×14.6%+2.4%
Beijing E-Hualu Information Technology 300212.SZChina$794M+13%-23%-702%31.2×47.3%-29.0%
SNP Schneider-Neureither & Partner SHF.DEGermany$793M+18%+15%20%2.2×2.8%+15.6%
Addnode ANOD-B.STSweden$859M+35%+5%10%1.9×4.5%+8.8%
Yunnan Nantian Electronics Information 000948.SZChina$783M-8%-8%1%0.8×15.7%+18.7%
Chutian Dragon 003040.SZChina$869M-15%-23%-7%6.7×n/an/a
Mitek Systems MITKUnited States$778M+10%+11%18%3.7×10.9%+12.1%
TechMatrix 3762.TJapan$762M+67%+15%10%1.4×-7.5%+18.3%
Beijing Join-Cheer Software 002279.SZChina$750M-22%-34%0%2.2×41.2%-1.7%
ArcherMind Technology 300598.SZChina$906M-24%+7%-5%2.8×n/an/a
Tanla Platforms TANLA.NSIndia$915M+14%+18%14%1.6×15.0%+13.5%
Beijing Philisense Technology 300287.SZChina$736M-21%-52%-25%22.1×n/an/a
Sinodata 002657.SZChina$734M-30%-31%-33%5.6×n/an/a
Asseco South Eastern Europe ASE.WAPoland$940M+20%+7%16%1.9×-0.9%+11.9%
Insigma Technology 600797.SSChina$943M-28%-13%0%2.0×20.0%-2.9%

Questions

Which companies are Qiming Information Technology's closest peers?
The cockpit's peer set: Global Security Experts (4417.T), GFT Technologies (GFT.DE), Beijing Watertek Information Technology (300324.SZ), Memsensing Microsystems (Suzhou China) (688286.SS), MediaAlpha (MAX), OneSpan (OSPN), Beijing E-Hualu Information Technology (300212.SZ), SNP Schneider-Neureither & Partner (SHF.DE).
Is Qiming Information Technology expensive compared with its peers?
On ev / sales it trades at 6.0× against a peer median of 2.5×, 6th most expensive of 21 in its peer set.
How has Qiming Information Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -24.1% against +13.5% for the median peer; over one year -39.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.