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Employees: 1,995
Size Ningbo Ligong Environment and Energy Technology (002322.SZ) is a China Information Technology company (Packaged Software) with a market value of $677M, the 3149th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.23 on 6 Nov 2026.
Performance Over six months the shares gained 9.4%, against -12.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +0.5%); the operating margin is 25.9% (peer median 9.0%).
Valuation It trades at 11.1× forward earnings against a peer median of 16.8× (5th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 8 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.18B | CN¥1.08B | CN¥1.07B | CN¥1.09B | CN¥966M |
| Revenue growth | — | +1% | -2% | +13% | — |
| Gross profit | CN¥814M | CN¥658M | CN¥650M | CN¥628M | CN¥576M |
| EBITDA | n/a | CN¥296M | CN¥345M | CN¥318M | CN¥280M |
| Net income | CN¥284M | CN¥215M | CN¥277M | CN¥246M | CN¥215M |
| Free cash flow | CN¥352M | CN¥403M | CN¥201M | CN¥327M | CN¥226M |
| Capital expenditure | CN¥19.5M | CN¥2.91M | CN¥10.9M | CN¥15.4M | CN¥20.9M |
| Total debt | CN¥374,328 | CN¥365,573 | CN¥14.7M | CN¥28.3M | CN¥42.2M |
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.
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 | 002322.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.7% | -2.1% | 3rd highest of 21 |
| 6-month return | +9.4% | -12.7% | 6th highest of 21 |
| Distance from 52-week high | -15.0% | -37.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +9.1% | +0.5% | 7th highest of 21 |
| Operating margin | 25.9% | 9.0% | 3rd highest of 21 |
| Forward P/E | 11.1× | 16.8× | 5th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -5.4% | 2.9% | 2nd least demanding of 10 |
| Growth delivered (Del g) | -0.8% | +9.9% | lowest of 10 |
| Hurdle (Req g minus delivered) | -4.6 pp | -11.1 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | +5.6 pp | +2.6 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Ligong Environment and Energy Technology 002322.SZ | China | $677M | +9% | +9% | 26% | 11.1× | -5.4% | -0.8% |
| Sabre SABR | United States | $680M | -18% | -3% | 14% | 23.0× | n/a | n/a |
| Hansong (Nanjing) Technology 301491.SZ | China | $673M | -28% | +26% | 10% | n/a | -1.4% | +9.7% |
| Shenzhen Sunshine Laser & Electronics Technology 300227.SZ | China | $673M | -33% | +90% | -15% | n/a | n/a | n/a |
| DoubleDown Interactive Co., Ltd. Sponsored ADR DDI | United States | $682M | +17% | +14% | 38% | 5.6× | n/a | n/a |
| Sprout Social SPT | United States | $669M | +63% | +11% | -5% | 7.0× | 0.2% | +28.0% |
| Inspur Software 600756.SS | China | $669M | -23% | -25% | -25% | n/a | n/a | n/a |
| AIC 3693.TWO | Taiwan | $667M | -22% | -21% | 8% | n/a | 22.9% | +20.2% |
| Genew Technologies 688418.SS | China | $688M | -49% | -12% | -22% | 26.8× | n/a | n/a |
| Pansoft 300996.SZ | China | $665M | -11% | -4% | 11% | 46.0× | n/a | n/a |
| Newgen Software Technologies NEWGEN.NS | India | $665M | -12% | +6% | 24% | 16.8× | 21.7% | +18.5% |
| Sunyard Technology 600571.SS | China | $690M | -22% | +1% | -1% | n/a | n/a | n/a |
| Beijing Deep Glint Technology 688207.SS | China | $663M | +15% | -14% | -195% | n/a | n/a | n/a |
| Beijing Thunisoft 300271.SZ | China | $663M | -13% | +11% | -9% | n/a | n/a | n/a |
| UBISOFT Entertainment UBI.PA | France | $692M | -15% | -27% | -87% | n/a | n/a | n/a |
| Enghouse Systems ENGH.TO | Canada | $695M | +1% | -5% | 19% | 13.8× | -14.5% | -0.2% |
| AhnLab 053800.KS | South Korea | $696M | +57% | +10% | 13% | n/a | 4.5% | +8.5% |
| Hello Group Inc. Sponsored ADR MOMO | United States | $654M | -26% | 0% | 11% | 5.8× | n/a | n/a |
| Alfa Financial Software ALFA.L | United Kingdom | $651M | +4% | +8% | 30% | 17.0× | -2.0% | +9.9% |
| Priority Technology PRTH | United States | $650M | +18% | +9% | 14% | 6.7× | 2.9% | +18.7% |
| Hypoport HYQ.DE | Germany | $648M | -2% | -5% | 6% | 20.2× | 22.2% | +9.2% |