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One of China's largest IT services and software outsourcing companies, a close technology partner of Huawei.
One of China's largest IT services and software outsourcing companies, a close technology partner of Huawei.
Mostly sells engineers' time: IT-outsourcing work is billed by effort delivered, with Huawei the biggest customer, so revenue depends on how many engineers it can keep deployed. It also does system integration and sells services around Huawei's cloud and HarmonyOS software.
In one line: China's Infosys/Accenture, closely tied to Huawei's ecosystem.
Moat: narrow (customer qualification, scale, process know-how). Deep, long-standing partnership with Huawei gives privileged access to its ecosystem services, though this creates customer concentration.
Headquarters: Beijing, China · Founded: 2000 · Employees: 78,030
Size Chinasoft International (0354.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $1.18B, the 560th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.42 on 6 Nov 2026.
Performance Over six months the shares fell 0.3%, against +17.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue grew 3.2% over the last twelve months (peer median +16.9%); the operating margin is 2.1% (peer median 7.5%).
Valuation It trades at 12.4× forward earnings against a peer median of 19.8× (3rd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +15 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 5.5 points below its cost of capital (7.6% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$19.5B | HK$18.5B | HK$18.4B | HK$18.9B | HK$23.3B |
| Revenue growth | — | 0% | -3% | -19% | — |
| Gross profit | HK$3.95B | HK$3.76B | HK$4.06B | HK$4.42B | HK$5.35B |
| EBITDA | HK$758M | HK$668M | HK$873M | HK$1.18B | HK$1.45B |
| Net income | HK$406M | HK$349M | HK$556M | HK$788M | HK$883M |
| Free cash flow | n/a | HK$75.7M | -HK$76.2M | HK$499M | HK$626M |
| Capital expenditure | n/a | HK$555M | HK$805M | HK$444M | HK$396M |
| Total debt | n/a | HK$5.37B | HK$4.88B | HK$3.49B | HK$2.48B |
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 |
|---|---|---|---|---|---|---|
| Chinasoft International 0354.HK | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% |
| Infosys Limited Sponsored ADR INFY | $48.5B | -3% | -1% | 21% | 15.4× | -2.0% |
| Accenture ACN | $154B | +44% | +6% | 15% | 17.8× | 3.7% |
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 | 0354.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | -4.8% | 5th lowest of 21 |
| 6-month return | -0.3% | +17.3% | 9th lowest of 19 |
| Distance from 52-week high | -42.7% | -28.4% | 9th lowest of 21 |
| Revenue growth (TTM) | +3.2% | +16.9% | 5th lowest of 21 |
| Operating margin | 2.1% | 7.5% | 7th lowest of 21 |
| Forward P/E | 12.4× | 19.8× | 3rd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 17.8% | 12.7% | 5th most demanding of 13 |
| Growth delivered (Del g) | +3.1% | +15.9% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | +14.7 pp | -2.3 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | -5.5 pp | -6.6 pp | 10th highest of 20 |
| Net debt / EBITDA | 3.5× | 0.5× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% | +3.1% |
| Merit Interactive 300766.SZ | China | $1.17B | -30% | +30% | -2% | n/a | n/a | n/a |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | n/a | n/a | n/a |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | n/a | n/a | n/a |
| Shanghai Yaoji Technology 002605.SZ | China | $1.14B | -11% | -3% | 20% | 15.0× | 6.4% | +1.0% |
| Modern Times Group MTG MTG-A.ST | Sweden | $1.22B | +16% | +42% | 11% | 6.6× | -8.4% | +23.7% |
| Vitec Software VIT-B.ST | Sweden | $1.22B | +18% | +6% | 21% | 24.0× | 3.8% | +22.6% |
| InnovAge INNV | United States | $1.22B | +18% | +15% | 8% | 19.8× | -6.7% | +9.2% |
| Hangzhou Diagens Biotechnology 2526.HK | Hong Kong | $1.13B | -68% | +134% | -49% | n/a | n/a | n/a |
| Cyient CYIENT.NS | India | $1.23B | +24% | +10% | 9% | 20.2× | 20.3% | +12.0% |
| Riskified RSKD | United States | $1.13B | +78% | +10% | -4% | 27.3× | 12.6% | +15.3% |
| PagerDuty PD | United States | $1.23B | +115% | +2% | 7% | 11.1× | 12.8% | +18.2% |
| Red Violet RDVT | United States | $1.12B | +41% | +20% | 18% | 40.3× | 39.4% | +21.1% |
| Infomart 2492.T | Japan | $1.24B | +70% | +11% | 19% | 65.9× | 14.5% | +16.5% |
| Datang Telecom Technology 600198.SS | China | $1.25B | -24% | -11% | -30% | n/a | n/a | n/a |
| 74Software 74SW.PA | France | $1.11B | -5% | +11% | 14% | 13.3× | -1.7% | +18.9% |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 14.7× | 33.1% | +12.5% |
| Shenzhen Sunline Tech 300348.SZ | China | $1.10B | -22% | +19% | -1% | 84.3× | n/a | n/a |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |