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← CockpitCompetitor Analysis › 0989.HK China Changbaishan International Holdings LimitedOpen in the cockpit ↗

China Changbaishan International Holdings Limited0989.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Communication Services›Major Telecommunications
Momentum laggard 13
Mkt cap
$318M
US dollars, full cap
Free float
7%
of shares outstanding
$/day
$5,166
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 7.5%
Hurdle
n/a
no reverse DCF
Close · HKDHK$0.47
1Dn/a
1W-17.0%
1M-19.8%
3M-43.3%
6M-27.3%
YTD-35.4%
1Y-58.5%
ATR %7.5%
52w lowhigh58.9% off high

What China Changbaishan International does

Employees: 178

China Changbaishan International at a glance

Size China Changbaishan International (0989.HK) is a Hong Kong Communication Services company (Major Telecommunications) with a market value of $318M, the 874th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.47 on 6 Nov 2026.

Performance Over six months the shares fell 27.3%, against -21.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 14 in its peer set.

Growth Revenue fell 71.3% over the last twelve months (peer median +5.6%); the operating margin is -47.8% (peer median 9.7%).

Valuation It trades at 47.7× enterprise value to sales against a peer median of 2.2× (most expensive of 14).

Relative performance

7510012511 May 202611 Aug 20266 Nov 2026Peer median 790989.HK 66
Six months, rebased to 100: China Changbaishan International against the median of its 13 peers (local-currency closes).

China Changbaishan International financials

Reported figures in HKD; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$57.8MHK$57.9MHK$187MHK$127MHK$451M
Revenue growth—-69%+47%-72%—
Gross profitHK$3.54MHK$3.58M-HK$2.93MHK$10.8MHK$64.2M
EBITDA-HK$21.9M-HK$21.8M-HK$732M-HK$126MHK$633M
Net incomeHK$137MHK$134M-HK$921M-HK$211MHK$419M
Free cash flow-HK$50.4M-HK$49.7M-HK$46.7M-HK$90.6M-HK$78.7M
Capital expenditureHK$3.19MHK$3.15MHK$618,628HK$62,235HK$614,141
Total debtn/aHK$270MHK$340MHK$912MHK$951M

Quarterly statements and history in the cockpit →

China Changbaishan International competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%ROUTECGOOVZONATNIOOMA300921SHENBAHN-BRAILTEL1310301262UNIT0989.HK6-month return →1-month return →
Up and to the right = strong over both horizons. China Changbaishan International is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%0×20×40×ROUTECGOOVZON300921BAHN-BUNIT0989.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. China Changbaishan International is the large dot.

China Changbaishan International competitors and peer comparison

How China Changbaishan International compares with its peers

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.

China Changbaishan International against its 13 peers (data as of 6 Nov 2026)
Measure0989.HKPeer medianRank in peer set
1-month return-19.8%-1.4%2nd lowest of 14
6-month return-27.3%-21.8%5th lowest of 14
Distance from 52-week high-58.9%-38.2%2nd lowest of 14
Revenue growth (TTM)-71.3%+5.6%lowest of 14
Operating margin-47.8%9.7%lowest of 14
EV / Sales47.7×2.2×most expensive of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
China Changbaishan International 0989.HKHong Kong$318M-27%-71%-48%47.7×n/an/a
Route Mobile ROUTE.NSIndia$301M-22%+1%9%0.3×-8.0%+25.7%
Cogeco CGO.TOCanada$349M-20%-4%26%2.2×-11.3%+2.1%
Ovzon OVZON.STSweden$417M-26%+77%26%4.3×13.1%+35.6%
ATN International ATNIUnited States$432M-1%+2%8%1.4×4.5%+9.8%
Ooma OOMAUnited States$497M-7%+17%5%1.8×22.7%+10.1%
NOVA Technology 300921.SZChina$504M-32%+2%5%4.7×23.9%+2.2%
Shenandoah Telecommunications SHENUnited States$534M-40%+6%-3%3.6×n/an/a
Bahnhof BAHN-B.STSweden$681M+12%+8%11%2.8×10.9%+8.5%
RailTel Corp. of India RAILTEL.NSIndia$817M-31%+23%10%1.6×31.3%+25.4%
HKBN 1310.HKHong Kong$1.02B-25%+6%3%1.5×n/an/a
Hicon Network Technology (Shandong) 301262.SZChina$1.21B+1%+2%38%5.0×5.4%+0.1%
Grupo Televisa, S.A.B. Sponsored ADR TVUnited States$1.24B-18%+6%11%1.4×1.1%-7.5%
Uniti UNITUnited States$1.27B-54%+200%10%3.3×n/an/a

Questions

Which companies are China Changbaishan International's closest peers?
The cockpit's peer set: Route Mobile (ROUTE.NS), Cogeco (CGO.TO), Ovzon (OVZON.ST), ATN International (ATNI), Ooma (OOMA), NOVA Technology (300921.SZ), Shenandoah Telecommunications (SHEN), Bahnhof (BAHN-B.ST).
Is China Changbaishan International expensive compared with its peers?
On ev / sales it trades at 47.7× against a peer median of 2.2×, most expensive of 14 in its peer set.
How has China Changbaishan International stock performed?
Over six months to 6 Nov 2026 the shares returned -27.3% against -21.8% for the median peer; over one year -58.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.