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State-affiliated IT integrator building secure government computing systems and enterprise IT services.
State-affiliated IT integrator building secure government computing systems and enterprise IT services.
Wins projects through government and state-enterprise tenders and delivers them as systems, so results are lumpy and tied to public budget cycles. Its state-owned affiliate, China Electronics Corporation, is a source of security-related work that private IT firms find hard to reach.
Moat: narrow (regulatory licence, customer qualification). China Electronics Corporation affiliation gives preferred access to state IT-security contracts.
Headquarters: Beijing, China · Employees: 4,021
Size Taiji Computer (002368.SZ) is a China Information Technology company (Information Technology Services) with a market value of $1.24B, the 1920th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.20 on 6 Nov 2026.
Performance Over six months the shares fell 23.4%, against +14.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue fell 37.2% over the last twelve months (peer median +8.8%); the operating margin is -26.6% (peer median 5.5%).
Valuation It trades at 2.0× enterprise value to sales against a peer median of 4.6× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +6 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 21.2 points below its cost of capital (7.3% WACC).
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.25B | CN¥7.77B | CN¥7.82B | CN¥9.16B | CN¥10.6B |
| Revenue growth | — | -1% | -15% | -13% | — |
| Gross profit | CN¥1.05B | CN¥1.42B | CN¥1.64B | CN¥1.91B | CN¥1.86B |
| EBITDA | n/a | -CN¥368M | CN¥636M | CN¥769M | CN¥767M |
| Net income | -CN¥1.23B | -CN¥763M | CN¥208M | CN¥375M | CN¥376M |
| Free cash flow | CN¥571M | -CN¥243M | -CN¥450M | -CN¥783M | -CN¥87.9M |
| Capital expenditure | CN¥223M | CN¥328M | CN¥243M | CN¥228M | CN¥250M |
| Total debt | CN¥3.70B | CN¥3.78B | CN¥3.30B | CN¥2.78B | CN¥3.32B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Taiji Computer 002368.SZ | $1.24B | -23% | -37% | -27% | 2.0× | 4.1% |
| China Greatwall Technology 000066.SZ | $5.40B | -42% | +28% | -1% | 2.4× | n/a |
| Digital China 0861.HK | $410M | -14% | +16% | 1% | 0.4× | 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 | 002368.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.5% | -1.0% | 4th highest of 21 |
| 6-month return | -23.4% | +14.1% | 6th lowest of 20 |
| Distance from 52-week high | -52.8% | -36.9% | 6th lowest of 21 |
| Revenue growth (TTM) | -37.2% | +8.8% | lowest of 21 |
| Operating margin | -26.6% | 5.5% | 3rd lowest of 21 |
| EV / Sales | 2.0× | 4.6× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 11.1% | 8th least demanding of 15 |
| Growth delivered (Del g) | -1.8% | +11.1% | 3rd lowest of 14 |
| Hurdle (Req g minus delivered) | +5.9 pp | +0.3 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | -21.2 pp | -2.8 pp | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiji Computer 002368.SZ | China | $1.24B | -23% | -37% | -27% | 2.0× | 4.1% | -1.8% |
| Shanghai Fengyuzhu Culture Technology 603466.SS | China | $1.21B | +40% | -23% | -4% | 5.2× | n/a | n/a |
| Zhejiang Whyis Technology 301218.SZ | China | $1.27B | +147% | +23% | -15% | 10.9× | n/a | n/a |
| ZW Soft 688083.SS | China | $1.27B | -12% | +2% | -15% | 7.0× | 30.3% | +14.5% |
| Bittium BITTI.HE | Finland | $1.31B | -3% | +48% | 22% | 10.2× | 18.4% | +8.8% |
| Both Engineering Technology 601133.SS | China | $1.34B | -26% | +14% | 5% | 1.6× | 24.3% | +16.2% |
| Doushen (Beijing) Education & Technology 300010.SZ | China | $1.34B | -15% | +24% | -31% | 7.7× | n/a | n/a |
| DTS 9682.T | Japan | $1.14B | +14% | 0% | 12% | 1.1× | -9.1% | +8.4% |
| Nagarro NA9.DE | Germany | $1.12B | +78% | +1% | 8% | 1.2× | 3.8% | +18.4% |
| Bytes Technology BYIT.L | United Kingdom | $1.36B | +33% | +10% | 27% | 3.9× | 3.1% | -10.9% |
| Future 4722.T | Japan | $1.36B | +59% | +8% | 20% | 2.5× | -5.4% | +11.4% |
| Northsand,Inc 446A.T | Japan | $1.11B | +99% | +60% | 21% | 4.9× | 2.3% | n/a |
| ESDS Software Solution ESDS.NS | India | $1.38B | n/a | +31% | 36% | 23.7× | 22.6% | +22.4% |
| Digital China Information Service 000555.SZ | China | $1.39B | -30% | -8% | 0% | 0.9× | n/a | n/a |
| Everforth EFOR | United States | $1.41B | +69% | 0% | 6% | 0.7× | -1.5% | +2.6% |
| VSTECS 0856.HK | Hong Kong | $1.42B | -30% | +11% | 2% | 0.1× | -12.2% | +6.9% |
| Quantum Computing QUBT | United States | $1.43B | -34% | +3,635% | -775% | 51.1× | n/a | n/a |
| E2E Networks E2E.NS | India | $1.06B | +49% | +252% | 28% | 17.9× | n/a | n/a |
| Wonders Information 300168.SZ | China | $1.05B | -16% | +3% | -17% | 4.4× | 51.6% | -7.6% |
| Grid Dynamics GDYN | United States | $1.05B | +88% | +7% | 4% | 1.8× | 27.8% | +29.9% |
| Jiangsu Eazytec 688258.SS | China | $1.46B | -33% | 0% | 28% | 28.8× | 40.1% | +11.1% |