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Online and mobile game developer/publisher, known for long-running PC MMORPG titles and newer mobile game franchises.
Online and mobile game developer/publisher, known for long-running PC MMORPG titles and newer mobile game franchises.
Makes money from free-to-play games, where players download for nothing and pay for in-game items, with the PC title ZT Online its long-running flagship and mobile games broadening the mix. Founder Shi Yuzhu is the controlling figure. Chinese regulators must license each new game, which gates launches.
In one line: A Chinese Activision Blizzard on a smaller scale.
Moat: narrow (IP / patents, brand). Long-running game IP franchises with loyal player bases in China's online-gaming market.
Headquarters: Shanghai, China · Founded: 1997 · Employees: 1,674
Size Giant Network (002558.SZ) is a China Information Technology company (Packaged Software) with a market value of $5.61B, the 449th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.29 on 6 Nov 2026.
Performance Over six months the shares fell 35.1%, against +14.9% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 105.3% over the last twelve months (peer median +10.9%); the operating margin is 48.1% (peer median 16.8%).
Valuation It trades at 10.0× forward earnings against a peer median of 18.9× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.6 points above its cost of capital (10.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.36B | CN¥4.99B | CN¥2.90B | CN¥2.90B | CN¥2.02B |
| Revenue growth | — | +72% | 0% | +44% | — |
| Gross profit | CN¥7.95B | CN¥4.54B | CN¥2.53B | CN¥2.58B | CN¥1.69B |
| EBITDA | n/a | CN¥1.93B | CN¥827M | CN¥878M | CN¥640M |
| Net income | CN¥3.22B | CN¥1.75B | CN¥1.42B | CN¥1.09B | CN¥851M |
| Free cash flow | CN¥4.15B | CN¥2.96B | CN¥920M | CN¥1.11B | CN¥629M |
| Capital expenditure | CN¥83.5M | CN¥111M | CN¥187M | CN¥88.6M | CN¥113M |
| Total debt | CN¥651M | CN¥665M | CN¥671M | CN¥651M | CN¥630M |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Giant Network 002558.SZ | $5.61B | -35% | +105% | 48% | 10.0× | -2.1% |
| 37 Interactive Entertainment Network Technology 002555.SZ | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% |
| NTES 9999.HK | $81.4B | +8% | +10% | 35% | 14.0× | -3.5% |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 12.5× | 6.4% |
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 | 002558.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | +5.3% | 6th lowest of 21 |
| 6-month return | -35.1% | +14.9% | 2nd lowest of 20 |
| Distance from 52-week high | -60.1% | -29.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +105.3% | +10.9% | highest of 21 |
| Operating margin | 48.1% | 16.8% | highest of 21 |
| Forward P/E | 10.0× | 18.9× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.1% | 11.4% | 3rd least demanding of 21 |
| Growth delivered (Del g) | +17.9% | +12.7% | 7th highest of 21 |
| Hurdle (Req g minus delivered) | -20.0 pp | -2.4 pp | 4th least demanding of 21 |
| ROIC minus cost of capital | +21.6 pp | +1.8 pp | 2nd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Giant Network 002558.SZ | China | $5.61B | -35% | +105% | 48% | 10.0× | -2.1% | +17.9% |
| Varonis Systems VRNS | United States | $5.63B | +71% | +18% | -25% | 138.0× | 23.0% | +16.3% |
| Octave Intelligence OCTV | United States | $5.60B | n/a | +1% | 20% | 14.7× | 17.0% | +1.3% |
| Kingnet Network 002517.SZ | China | $5.47B | -4% | +62% | 29% | 13.7× | 6.3% | +28.1% |
| Waystar WAY | United States | $5.45B | +33% | +21% | 24% | 15.8× | 7.5% | +16.0% |
| Doximity DOCS | United States | $5.79B | +25% | +11% | 31% | 23.3× | 16.3% | +25.5% |
| Trend Micro 4704.T | Japan | $5.39B | +18% | +7% | 18% | 27.4× | -4.1% | +9.7% |
| Klaviyo KVYO | United States | $5.90B | +36% | +29% | -2% | 19.7× | 7.0% | +37.7% |
| 37 Interactive Entertainment Network Technology 002555.SZ | China | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% | +2.1% |
| Shanghai Baosight Software 600845.SS | China | $5.97B | -24% | +11% | 10% | 30.3× | 6.9% | +1.4% |
| NIQ Global Intelligence NIQ | United States | $6.02B | +5% | +9% | 8% | 17.1× | 10.9% | +14.6% |
| Hundsun Technologies 600570.SS | China | $6.05B | -20% | -5% | 9% | 30.1× | 34.8% | +7.0% |
| AutoStore AUTO.OL | Norway | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% | +27.0% |
| ACI Worldwide ACIW | United States | $6.06B | +32% | +7% | 19% | 22.9× | 11.8% | +6.3% |
| Bilibili 9626.HK | Hong Kong | $6.06B | -36% | +11% | 4% | 14.2× | 7.3% | +19.5% |
| Dolby Laboratories DLB | United States | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% | +3.0% |
| Open Text OTEX.TO | Canada | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% | +10.8% |
| RingCentral RNG | United States | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% | +16.3% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 40.8× | 33.6% | -8.6% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 22.4× | 28.7% | +10.6% |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 18.1× | 15.6% | +36.8% |