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Chinese telecom infrastructure services company building and maintaining network sites and data centers for carriers.
Chinese telecom infrastructure services company building and maintaining network sites and data centers for carriers.
Wins work through tenders from the three state carriers and their provincial branches, building and maintaining network sites, so revenue follows carriers' spending on towers, base stations and data centres. Payment cycles can be long.
Moat: none (customer relationships). Low-differentiation contractor work tied closely to a few state carrier customers.
Headquarters: Fuzhou, Fujian, China · Employees: 7,023
Size Runjian (002929.SZ) is a China Information Technology company (Information Technology Services) with a market value of $2.71B, the 947th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥63.11 on 6 Nov 2026.
Performance Over six months the shares gained 5.8%, against -12.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 11.4% over the last twelve months (peer median +9.8%); the operating margin is 0.3% (peer median 7.3%).
Valuation It trades at 49.7× forward earnings against a peer median of 31.8× (5th most expensive of 19).
Capital Return on invested capital runs 7.0 points below its cost of capital (7.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.79B | CN¥10.3B | CN¥9.19B | CN¥8.81B | CN¥8.15B |
| Revenue growth | — | +13% | +4% | +8% | — |
| Gross profit | CN¥1.20B | CN¥1.21B | CN¥1.39B | CN¥1.54B | CN¥1.53B |
| EBITDA | n/a | CN¥235M | CN¥419M | CN¥593M | CN¥606M |
| Net income | CN¥76.8M | CN¥37.9M | CN¥247M | CN¥439M | CN¥424M |
| Free cash flow | -CN¥1.75B | CN¥208M | -CN¥83.5M | CN¥78.6M | CN¥50.6M |
| Capital expenditure | CN¥190M | CN¥182M | CN¥376M | CN¥216M | CN¥411M |
| Total debt | CN¥10.6B | CN¥9.48B | CN¥6.22B | CN¥3.69B | CN¥4.88B |
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 |
|---|---|---|---|---|---|---|
| Runjian 002929.SZ | $2.71B | +6% | -11% | 0% | 49.7× | n/a |
| China Communications Services 0552.HK | $3.19B | -19% | 0% | 2% | 5.7× | n/a |
| Comba Telecom Systems 2342.HK | $352M | -44% | +4% | 5% | n/a | -7.5% |
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 | 002929.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +41.9% | -2.9% | highest of 21 |
| 6-month return | +5.8% | -12.4% | 5th highest of 21 |
| Distance from 52-week high | -37.0% | -37.7% | 11th highest of 21 |
| Revenue growth (TTM) | -11.4% | +9.8% | 3rd lowest of 21 |
| Operating margin | 0.3% | 7.3% | 3rd lowest of 21 |
| Forward P/E | 49.7× | 31.8× | 5th most expensive of 19 |
| ROIC minus cost of capital | -7.0 pp | +5.2 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Runjian 002929.SZ | China | $2.71B | +6% | -11% | 0% | 49.7× | n/a | n/a |
| Shanghai Sunmi Technology 6810.HK | Hong Kong | $2.70B | -10% | +10% | 7% | n/a | n/a | n/a |
| Shanghai AtHub 603881.SS | China | $2.66B | -33% | -5% | 16% | 101.4× | 16.9% | +13.6% |
| Hangzhou Turbine Power 300277.SZ | China | $2.57B | -37% | +1,784% | 3% | 33.2× | 36.4% | -10.7% |
| Fastly FSLY | United States | $2.52B | -23% | +20% | -12% | 24.4× | 37.8% | +16.5% |
| Tata Elxsi TATAELXSI.NS | India | $2.52B | -10% | +10% | 20% | 32.7× | 25.3% | +15.5% |
| Netcompany Group A/S NETC.CO | Denmark | $2.44B | +1% | +30% | 11% | 20.4× | n/a | n/a |
| Beijing Ultrapower Software 300002.SZ | China | $2.43B | -14% | +9% | 15% | 20.4× | 4.2% | +10.2% |
| OVH Groupe OVH.PA | France | $2.41B | +17% | +6% | 38% | 46.6× | n/a | n/a |
| HMS Networks HMS.ST | Sweden | $2.41B | -17% | +15% | 27% | 31.9× | 14.3% | +19.5% |
| Xi'an Bright Laser Technologies 688333.SS | China | $3.22B | -11% | +12% | 6% | 69.2× | n/a | n/a |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% | -7.8% |
| Hand Enterprise Solutions 300170.SZ | China | $2.24B | -26% | +7% | 6% | 48.8× | 27.4% | +6.5% |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% | +2.2% |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% | +8.8% |
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | n/a | 26.0% | +3.6% |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 8.0× | -1.2% | +24.7% |
| TravelSky Technology 0696.HK | Hong Kong | $3.59B | -5% | +7% | 28% | 9.8× | -16.5% | +9.0% |
| Jiangsu Hoperun Software 300339.SZ | China | $3.65B | -31% | +11% | 3% | 141.9× | n/a | n/a |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 16.6× | n/a | n/a |
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% | -1.1% |