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Employees: 3,551
Size Gushengtang (2273.HK) is a Hong Kong Information Technology company (Internet Software/Services) with a market value of $874M, the 624th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$29.32 on 6 Nov 2026.
Performance Over six months the shares gained 0.6%, against -12.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +9.8%); the operating margin is 13.4% (peer median 10.8%).
Valuation It trades at 13.4× forward earnings against a peer median of 14.3× (8th cheapest of 16).
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 +28%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.5 points above its cost of capital (7.7% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$3.80B | HK$3.52B | HK$3.28B | HK$2.57B | HK$1.89B |
| Revenue growth | — | +8% | +28% | +36% | — |
| Gross profit | HK$946M | HK$894M | HK$822M | HK$641M | HK$455M |
| EBITDA | HK$743M | HK$690M | HK$550M | HK$424M | HK$349M |
| Net income | HK$472M | HK$383M | HK$333M | HK$279M | HK$210M |
| Free cash flow | HK$238M | HK$537M | HK$382M | HK$340M | HK$263M |
| Capital expenditure | HK$143M | HK$128M | HK$98.2M | HK$85.9M | HK$43.6M |
| Total debt | n/a | HK$873M | HK$583M | HK$408M | HK$394M |
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.
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 | 2273.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.0% | -2.1% | 4th highest of 21 |
| 6-month return | +0.6% | -12.1% | 7th highest of 21 |
| Distance from 52-week high | -9.2% | -41.2% | 6th highest of 21 |
| Revenue growth (TTM) | +11.8% | +9.8% | 9th highest of 20 |
| Operating margin | 13.4% | 10.8% | 6th highest of 20 |
| Forward P/E | 13.4× | 14.3× | 8th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 2.4% | 6.1% | 5th least demanding of 14 |
| Growth delivered (Del g) | +27.6% | +14.8% | 5th highest of 14 |
| Hurdle (Req g minus delivered) | -25.3 pp | -9.9 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | +9.5 pp | +1.6 pp | 8th highest of 16 |
| EV / EBITDA | 9.6× | 8.9× | 5th most expensive of 14 |
| Net debt / EBITDA | 0.4× | -0.2× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gushengtang 2273.HK | Hong Kong | $874M | +1% | +12% | 13% | 13.4× | 2.4% | +27.6% |
| Yalla Group Ltd. Sponsored ADR YALA | United States | $863M | -21% | -4% | 31% | 7.0× | n/a | n/a |
| iQIYI, Inc. Sponsored ADR IQ | United States | $886M | -20% | -3% | -2% | n/a | n/a | n/a |
| TeamViewer TMV.DE | Germany | $894M | -5% | +2% | 34% | 5.2× | -11.0% | +10.4% |
| LegalZoom.com LZ | United States | $897M | -19% | +12% | 4% | 6.7× | 6.1% | +9.9% |
| FuboTV FUBO | United States | $830M | -26% | n/a | n/a | n/a | n/a | n/a |
| Omada Health OMDA | United States | $924M | +2% | +48% | 0% | 37.1× | 28.7% | +42.9% |
| BuySell Technologies 7685.T | Japan | $938M | -28% | +58% | 11% | 15.0× | -1.2% | +46.8% |
| Sify Technologies Limited Sponsored ADR SIFY | United States | $941M | -20% | +11% | 8% | n/a | n/a | n/a |
| PubMatic PUBM | United States | $811M | +82% | -1% | -5% | 360.6× | 7.8% | +13.7% |
| Auction Technology ATG.L | United Kingdom | $789M | +36% | +22% | 11% | 16.1× | 22.7% | +32.6% |
| D-MARKET Elektronik Hizmetler ve Ticaret AS Sponsored ADR HEPS | United States | $979M | -3% | +22% | -3% | n/a | n/a | n/a |
| Le Travenues Technology IXIGO.NS | India | $775M | -2% | +16% | 6% | 47.3× | 38.2% | +55.4% |
| Nextdoor NXDR | United States | $758M | -3% | +10% | -17% | 350.1× | 24.0% | +15.9% |
| EverQuote EVER | United States | $1.02B | +41% | +24% | 11% | 14.3× | -7.0% | +14.8% |
| Yelp YELP | United States | $1.06B | -28% | +2% | 13% | 8.1× | -18.4% | +10.9% |
| Phoenix Education Partners PXED | United States | $718M | -36% | +1% | 17% | 5.0× | n/a | n/a |
| Cars.com CARS | United States | $715M | +14% | +1% | 11% | 6.2× | 5.7% | +5.7% |
| Moonpig MOON.L | United Kingdom | $1.13B | +41% | +7% | 21% | 15.2× | 3.7% | +0.3% |
| Jumia Technologies AG Sponsored ADR JMIA | United States | $676M | -29% | +27% | -27% | n/a | n/a | n/a |
| Baltic Classifieds BCG.L | United Kingdom | $1.14B | -99% | +7% | 68% | 0.2× | 15.2% | +15.9% |