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Mobile and PC game publisher (through King Net and other studios), having pivoted from an auto-parts manufacturing origin.
Mobile and PC game publisher (through King Net and other studios), having pivoted from an auto-parts manufacturing origin.
Earns from in-game purchases by players, with a few popular titles carrying much of the business; the strategy game Whiteout Survival, from its Century Games studio, is the best known. App-store and publishing platforms take a cut of what players spend.
In one line: A Chinese Take-Two/Zynga via corporate pivot.
Moat: narrow (IP / patents, brand). Portfolio of successful mobile-game franchises (via acquired studios) drives repeat player spending.
Headquarters: Zhejiang, China · Founded: 1995 · Employees: 6,016
Size Zhejiang Century Huatong (002602.SZ) is a China Information Technology company (Packaged Software) with a market value of $14.0B, the 171st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.85 on 6 Nov 2026.
Performance Over six months the shares fell 19.7%, against +32.3% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 28.2% over the last twelve months (peer median +17.2%); the operating margin is 21.5% (peer median 20.2%).
Valuation It trades at 11.1× forward earnings against a peer median of 27.0× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.4 points above its cost of capital (10.2% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥44.0B | CN¥37.8B | CN¥22.6B | CN¥13.2B | CN¥11.5B |
| Revenue growth | — | +68% | +70% | +16% | — |
| Gross profit | CN¥32.4B | CN¥26.2B | CN¥14.6B | CN¥7.73B | CN¥5.56B |
| EBITDA | n/a | CN¥8.27B | CN¥4.42B | CN¥2.08B | CN¥983M |
| Net income | CN¥7.58B | CN¥5.61B | CN¥1.21B | CN¥524M | -CN¥7.09B |
| Free cash flow | CN¥8.98B | CN¥7.75B | CN¥4.50B | CN¥2.15B | CN¥1.23B |
| Capital expenditure | CN¥964M | CN¥847M | CN¥578M | CN¥988M | CN¥319M |
| Total debt | CN¥2.80B | CN¥2.23B | CN¥3.53B | CN¥3.79B | CN¥1.06B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Century Huatong 002602.SZ | $14.0B | -20% | +28% | 21% | 11.1× | -0.2% |
| 37 Interactive Entertainment Network Technology 002555.SZ | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% |
| Giant Network 002558.SZ | $5.61B | -35% | +105% | 48% | 10.0× | -2.1% |
| 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 | 002602.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | +4.3% | 9th lowest of 21 |
| 6-month return | -19.7% | +32.3% | 2nd lowest of 21 |
| Distance from 52-week high | -38.5% | -13.7% | 5th lowest of 21 |
| Revenue growth (TTM) | +28.2% | +17.2% | 4th highest of 21 |
| Operating margin | 21.5% | 20.2% | 11th highest of 21 |
| Forward P/E | 11.1× | 27.0× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -0.2% | 18.2% | 3rd least demanding of 20 |
| Growth delivered (Del g) | +20.4% | +21.3% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | -20.6 pp | -4.3 pp | 4th least demanding of 20 |
| ROIC minus cost of capital | +19.4 pp | +0.7 pp | 5th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Century Huatong 002602.SZ | China | $14.0B | -20% | +28% | 21% | 11.1× | -0.2% | +20.4% |
| Sage SGE.L | United Kingdom | $14.1B | +33% | +9% | 23% | 23.1× | 3.1% | +5.7% |
| Tempus AI TEM | United States | $13.9B | +53% | +37% | -18% | n/a | n/a | n/a |
| DocuSign DOCU | United States | $14.5B | +62% | +9% | 12% | 15.9× | 12.9% | +17.2% |
| Manhattan Associates MANH | United States | $14.7B | +77% | +8% | 25% | 42.0× | 29.4% | +13.0% |
| Trimble TRMB | United States | $12.6B | -11% | +7% | 18% | 13.6× | 15.3% | +2.6% |
| Dynatrace DT | United States | $12.5B | +7% | +18% | 14% | 22.6× | 18.8% | +23.5% |
| JFrog FROG | United States | $12.5B | +43% | +26% | -13% | 89.6× | 37.7% | +28.7% |
| Evolution EVO.ST | Sweden | $15.8B | +33% | -3% | 57% | 14.4× | -0.3% | +31.2% |
| Beijing Kingsoft Office Software 688111.SS | China | $16.1B | -8% | +20% | 22% | 35.6× | 32.7% | +21.3% |
| Chime Financial CHYM | United States | $11.9B | +70% | +18% | -1% | 35.2× | 18.2% | +24.8% |
| Procore Technologies PCOR | United States | $11.4B | +41% | +16% | -1% | 33.8× | 19.9% | +27.0% |
| Circle Internet CRCL | United States | $17.3B | -40% | +26% | 13% | 68.1× | 23.2% | +52.7% |
| F5, Inc. FFIV | United States | $17.7B | -12% | +11% | 24% | 17.1× | 9.7% | +5.6% |
| Gen Digital GEN | United States | $17.7B | +32% | +17% | 43% | 9.6× | 1.8% | +14.4% |
| Capcom 9697.T | Japan | $11.0B | +25% | +21% | 41% | 27.0× | -2.2% | +15.4% |
| SailPoint SAIL | United States | $11.0B | +57% | +20% | -19% | 53.5× | 42.0% | +24.7% |
| SS&C Technologies SSNC | United States | $18.2B | +13% | +9% | 24% | 10.2× | 6.9% | +6.1% |
| Paycom Software PAYC | United States | $10.5B | +73% | +9% | 30% | 15.9× | 3.3% | +19.5% |
| Wisetech Global WTC.AX | Australia | $10.3B | +15% | +71% | 31% | 32.6× | 30.1% | +32.3% |
| Figma FIG | United States | $10.0B | -9% | +43% | -124% | 54.8× | 22.2% | +43.4% |