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Chinese building-automation and smart-healthcare IT company, integrating systems for hospitals and smart buildings.
Chinese building-automation and smart-healthcare IT company, integrating systems for hospitals and smart buildings.
Earns mostly by installing and integrating building and hospital systems on a project-by-project basis, so revenue follows contract wins and acceptance of completed work. It also offers energy-saving contracts, paid from the savings achieved.
In one line: A Chinese Honeywell Building Solutions, smaller scale.
Moat: none (customer relationships). Project-based integration business with limited structural differentiation from other integrators.
Headquarters: Shenzhen, Guangdong, China · Employees: 2,416
Size Shenzhen Das Intellitech (002421.SZ) is a China Information Technology company (Information Technology Services) with a market value of $996M, the 2304th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.04 on 6 Nov 2026.
Performance Over six months the shares gained 4.8%, against +8.7% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 16.6% over the last twelve months (peer median +6.3%); the operating margin is -17.1% (peer median 5.5%).
Valuation It trades at 3.8× enterprise value to sales against a peer median of 2.0× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +24 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 11.0 points below its cost of capital (6.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.08B | CN¥2.02B | CN¥3.16B | CN¥3.82B | CN¥3.58B |
| Revenue growth | — | -36% | -17% | +7% | — |
| Gross profit | CN¥490M | CN¥298M | CN¥768M | CN¥819M | CN¥876M |
| EBITDA | n/a | -CN¥201M | CN¥362M | CN¥360M | CN¥456M |
| Net income | -CN¥287M | -CN¥653M | CN¥25.9M | CN¥115M | CN¥212M |
| Free cash flow | CN¥210M | -CN¥145M | -CN¥200M | -CN¥371M | CN¥318M |
| Capital expenditure | CN¥27.6M | CN¥90.1M | CN¥256M | CN¥427M | CN¥482M |
| Total debt | CN¥2.65B | CN¥2.73B | CN¥3.77B | CN¥3.56B | CN¥3.72B |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Das Intellitech 002421.SZ | $996M | +5% | -17% | -17% | 3.8× | 14.8% |
| Wonders Information 300168.SZ | $1.05B | -16% | +3% | -17% | 4.4× | 51.6% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 2.4× | 4.1% |
| Johnson Controls JCI | $81.8B | -3% | +9% | 16% | 3.5× | 17.8% |
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 | 002421.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | -1.0% | 7th lowest of 21 |
| 6-month return | +4.8% | +8.7% | 11th highest of 21 |
| Distance from 52-week high | -50.6% | -38.7% | 3rd lowest of 21 |
| Revenue growth (TTM) | -16.6% | +6.3% | 2nd lowest of 21 |
| Operating margin | -17.1% | 5.5% | 5th lowest of 21 |
| EV / Sales | 3.8× | 2.0× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.8% | 5.3% | 6th most demanding of 15 |
| Growth delivered (Del g) | -8.8% | +11.9% | lowest of 14 |
| Hurdle (Req g minus delivered) | +23.7 pp | -4.3 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -11.0 pp | -1.2 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Das Intellitech 002421.SZ | China | $996M | +5% | -17% | -17% | 3.8× | 14.8% | -8.8% |
| Rapid7 RPD | United States | $989M | +113% | 0% | 2% | 1.5× | 21.4% | +15.9% |
| Shanghai Ganglian E-Commerce 300226.SZ | China | $979M | -21% | +1% | 0% | 0.1× | 6.1% | +3.9% |
| Systena 2317.T | Japan | $1.02B | +4% | +6% | 16% | 1.4× | -10.9% | +9.2% |
| Strait Innovation Internet 300300.SZ | China | $964M | -23% | -8% | -66% | 42.2× | n/a | n/a |
| China Reform Health Management & Services 000503.SZ | China | $1.03B | -11% | +6% | -45% | 20.1× | n/a | n/a |
| Nanjing Sciyon Wisdom Technology 002380.SZ | China | $957M | -22% | +7% | 12% | 2.5× | 11.3% | +17.4% |
| 4DMedical 4DX.AX | Australia | $952M | -33% | +21% | -814% | 156.7× | n/a | n/a |
| Insigma Technology 600797.SS | China | $943M | -28% | -13% | 0% | 2.0× | 20.0% | -2.9% |
| Grid Dynamics GDYN | United States | $1.05B | +88% | +7% | 4% | 1.8× | 27.8% | +29.9% |
| Wonders Information 300168.SZ | China | $1.05B | -16% | +3% | -17% | 4.4× | 51.6% | -7.6% |
| Asseco South Eastern Europe ASE.WA | Poland | $940M | +20% | +7% | 16% | 1.9× | -0.9% | +11.9% |
| E2E Networks E2E.NS | India | $1.06B | +49% | +252% | 28% | 17.9× | n/a | n/a |
| Tanla Platforms TANLA.NS | India | $915M | +14% | +18% | 14% | 1.6× | 15.0% | +13.5% |
| ArcherMind Technology 300598.SZ | China | $906M | -24% | +7% | -5% | 2.8× | n/a | n/a |
| Northsand,Inc 446A.T | Japan | $1.11B | +99% | +60% | 21% | 4.9× | 2.3% | n/a |
| Nagarro NA9.DE | Germany | $1.12B | +78% | +1% | 8% | 1.2× | 3.8% | +18.4% |
| DTS 9682.T | Japan | $1.14B | +14% | 0% | 12% | 1.1× | -9.1% | +8.4% |
| Chutian Dragon 003040.SZ | China | $869M | -15% | -23% | -7% | 6.7× | n/a | n/a |
| Addnode ANOD-B.ST | Sweden | $859M | +35% | +5% | 10% | 1.9× | 4.5% | +8.8% |
| MediaAlpha MAX | United States | $841M | +56% | +15% | 7% | 0.8× | -0.7% | +13.7% |