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Employees: 3,095
Size Beijing Join-Cheer Software (002279.SZ) is a China Information Technology company (Information Technology Services) with a market value of $750M, the 2909th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.90 on 6 Nov 2026.
Performance Over six months the shares fell 21.5%, against +11.3% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 34.3% over the last twelve months (peer median +4.4%); the operating margin is 0.1% (peer median 5.5%).
Valuation It trades at 2.2× enterprise value to sales against a peer median of 3.3× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +43 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 2.4 points below its cost of capital (5.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.91B | CN¥2.58B | CN¥4.02B | CN¥3.41B | CN¥2.89B |
| Revenue growth | — | -36% | +18% | +18% | — |
| Gross profit | CN¥1.01B | CN¥1.01B | CN¥931M | CN¥933M | CN¥844M |
| EBITDA | n/a | CN¥63.4M | -CN¥39.5M | CN¥54.8M | CN¥114M |
| Net income | CN¥35.3M | CN¥44.7M | -CN¥156M | -CN¥142M | CN¥51.9M |
| Free cash flow | CN¥13.5M | CN¥72.4M | -CN¥101M | CN¥191M | CN¥124M |
| Capital expenditure | CN¥34.5M | CN¥39.9M | CN¥62.0M | CN¥48.6M | CN¥35.1M |
| Total debt | CN¥51.2M | CN¥61.9M | CN¥36.6M | CN¥81.3M | CN¥95.4M |
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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 | 002279.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.7% | +0.7% | 5th lowest of 21 |
| 6-month return | -21.5% | +11.3% | 5th lowest of 21 |
| Distance from 52-week high | -47.8% | -23.8% | 5th lowest of 21 |
| Revenue growth (TTM) | -34.3% | +4.4% | 3rd lowest of 21 |
| Operating margin | 0.1% | 5.5% | 7th lowest of 21 |
| EV / Sales | 2.2× | 3.3× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 41.2% | 12.7% | 3rd most demanding of 15 |
| Growth delivered (Del g) | -1.7% | +14.3% | 3rd lowest of 15 |
| Hurdle (Req g minus delivered) | +42.9 pp | -2.5 pp | 3rd most demanding of 15 |
| ROIC minus cost of capital | -2.4 pp | +2.2 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Join-Cheer Software 002279.SZ | China | $750M | -22% | -34% | 0% | 2.2× | 41.2% | -1.7% |
| TechMatrix 3762.T | Japan | $762M | +67% | +15% | 10% | 1.4× | -7.5% | +18.3% |
| Beijing Philisense Technology 300287.SZ | China | $736M | -21% | -52% | -25% | 22.1× | n/a | n/a |
| Sinodata 002657.SZ | China | $734M | -30% | -31% | -33% | 5.6× | n/a | n/a |
| Mitek Systems MITK | United States | $778M | +10% | +11% | 18% | 3.7× | 10.9% | +12.1% |
| Yunnan Nantian Electronics Information 000948.SZ | China | $783M | -8% | -8% | 1% | 0.8× | 15.7% | +18.7% |
| Sonata Software SONATSOFTW.NS | India | $711M | -12% | +4% | 5% | 0.6× | 18.5% | +20.4% |
| SNP Schneider-Neureither & Partner SHF.DE | Germany | $793M | +18% | +15% | 20% | 2.2× | 2.8% | +15.6% |
| Beijing E-Hualu Information Technology 300212.SZ | China | $794M | +13% | -23% | -702% | 31.2× | 47.3% | -29.0% |
| OneSpan OSPN | United States | $797M | +77% | +5% | 18% | 3.0× | 14.6% | +2.4% |
| Gng Electronics EBGNG.NS | India | $705M | +32% | +34% | 11% | 3.3× | n/a | n/a |
| Zuken 6947.T | Japan | $699M | +12% | +12% | 14% | 1.7× | -6.8% | +8.4% |
| Linklogis 9959.HK | Hong Kong | $698M | +4% | +24% | -9% | n/a | n/a | n/a |
| Memsensing Microsystems (Suzhou China) 688286.SS | China | $807M | +46% | -7% | -6% | 9.0× | 48.4% | +13.4% |
| GFT Technologies GFT.DE | Germany | $819M | +35% | +3% | 6% | 0.9× | 3.7% | +14.8% |
| Global Infotech 300465.SZ | China | $685M | -28% | -19% | 3% | 4.9× | 41.1% | -11.5% |
| Qiming Information Technology 002232.SZ | China | $822M | -24% | -4% | 1% | 6.0× | n/a | n/a |
| Global Security Experts 4417.T | Japan | $822M | +239% | +25% | 21% | 10.5× | 34.4% | +30.2% |
| Beijing Watertek Information Technology 300324.SZ | China | $834M | -35% | -44% | -32% | 3.4× | n/a | n/a |
| MediaAlpha MAX | United States | $841M | +56% | +15% | 7% | 0.8× | -0.7% | +13.7% |
| VTEX VTEX | United States | $666M | +6% | +10% | 13% | 1.9× | 4.2% | +19.5% |