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China's leading content delivery network (CDN) provider, accelerating internet content and cloud services delivery for enterprises.
China's leading content delivery network (CDN) provider, accelerating internet content and cloud services delivery for enterprises.
Charges customers for the traffic and bandwidth it delivers across its network, so volume growth from video and live streaming is offset by falling unit prices, the main pressure in China's content-delivery market. A newer push into cloud security and edge computing aims to reduce reliance on bandwidth sales.
In one line: China's Akamai Technologies.
Moat: narrow (installed base, scale, data). Large distributed edge-node network built over years is costly for new entrants to replicate.
Headquarters: Beijing, China · Founded: 2000 · Employees: 1,364
Size Wangsu Science & Technology (300017.SZ) is a China Information Technology company (Data Processing Services) with a market value of $5.90B, the 427th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.01 on 6 Nov 2026.
Performance Over six months the shares gained 0.1%, against -13.5% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 0.1% over the last twelve months (peer median +8.7%); the operating margin is 14.7% (peer median -0.4%).
Valuation It trades at 49.1× forward earnings against a peer median of 19.1× (3rd most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +31 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 7.9 points above its cost of capital (10.1% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.81B | CN¥4.65B | CN¥4.93B | CN¥4.70B | CN¥5.08B |
| Revenue growth | — | -6% | +5% | -7% | — |
| Gross profit | CN¥1.90B | CN¥1.61B | CN¥1.49B | CN¥1.44B | CN¥1.23B |
| EBITDA | n/a | CN¥660M | CN¥650M | CN¥728M | CN¥568M |
| Net income | CN¥761M | CN¥800M | CN¥675M | CN¥613M | CN¥191M |
| Free cash flow | CN¥961M | CN¥1.11B | CN¥884M | CN¥837M | CN¥1.02B |
| Capital expenditure | CN¥248M | CN¥164M | CN¥138M | CN¥86.7M | CN¥189M |
| Total debt | CN¥822M | CN¥410M | CN¥834M | CN¥163M | CN¥253M |
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 |
|---|---|---|---|---|---|---|
| Wangsu Science & Technology 300017.SZ | $5.90B | 0% | 0% | 15% | 49.1× | 27.3% |
| Akamai Technologies AKAM | $11.9B | -44% | +6% | 12% | 12.8× | 17.0% |
| Alibaba Group Holding Limited Sponsored ADR BABA | $255B | -22% | +8% | 4% | 14.2× | n/a |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 12.5× | 6.4% |
| Cloudflare NET | $95.7B | +37% | +34% | -8% | 168.8× | n/a |
| Fastly FSLY | $2.52B | -23% | +20% | -12% | 24.4× | 37.8% |
| Kingsoft Cloud Holdings Ltd. Sponsored ADR KC | $2.39B | -46% | +35% | -3% | n/a | n/a |
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 | 300017.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.7% | -4.7% | 3rd highest of 21 |
| 6-month return | +0.1% | -13.5% | 10th highest of 20 |
| Distance from 52-week high | -33.6% | -35.7% | 11th highest of 21 |
| Revenue growth (TTM) | -0.1% | +8.7% | 8th lowest of 21 |
| Operating margin | 14.7% | -0.4% | 5th highest of 21 |
| Forward P/E | 49.1× | 19.1× | 3rd most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 27.3% | 10.2% | 2nd most demanding of 11 |
| Growth delivered (Del g) | -3.9% | +7.1% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +31.3 pp | +0.5 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | +7.9 pp | -6.6 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wangsu Science & Technology 300017.SZ | China | $5.90B | 0% | 0% | 15% | 49.1× | 27.3% | -3.9% |
| TeraWulf WULF | United States | $5.67B | -51% | +15% | -227% | n/a | n/a | n/a |
| IONOS IOS.DE | Germany | $5.49B | +23% | -34% | 23% | 19.1× | 11.0% | +5.9% |
| Nextdc NXT.AX | Australia | $5.47B | -30% | +16% | -7% | n/a | n/a | n/a |
| Hut 8 HUT | United States | $6.49B | -47% | +71% | -89% | n/a | n/a | n/a |
| ExlService EXLS | United States | $6.51B | +39% | +16% | 14% | 17.0× | 9.4% | +16.8% |
| SWI Capital SWICH.AS | Netherlands | $6.61B | +88% | -33% | -54% | n/a | n/a | n/a |
| Applied Digital APLD | United States | $4.70B | -62% | +290% | -24% | n/a | n/a | n/a |
| GDS 9698.HK | Hong Kong | $4.22B | -52% | +13% | 17% | 36.8× | n/a | n/a |
| JOYY, Inc. Sponsored ADR JOYY | United States | $3.98B | +37% | +8% | 2% | 12.9× | 19.8% | +2.1% |
| Dentsu Soken 4812.T | Japan | $3.56B | +31% | +10% | 14% | 30.4× | 0.3% | +8.7% |
| Kyndryl Holdings Incorporation KD | United States | $3.55B | +33% | -1% | 4% | 5.9× | 1.6% | -4.9% |
| Cipher Digital CIFR | United States | $2.99B | -68% | -29% | -172% | n/a | n/a | n/a |
| Akamai Technologies AKAM | United States | $11.9B | -44% | +6% | 12% | 12.8× | 17.0% | +5.6% |
| Megaport MP1.AX | Australia | $2.80B | +86% | +37% | -10% | 99.5× | n/a | n/a |
| Tgs TGS.OL | Norway | $2.73B | -13% | -30% | 12% | 16.3× | 5.5% | +36.2% |
| Beijing Sinnet Technology 300383.SZ | China | $2.70B | -37% | -2% | -11% | 149.7× | 46.5% | -0.7% |
| Ionic Digital IOND | United States | $2.68B | n/a | -8% | -44% | 28.0× | n/a | n/a |
| LTM LTM.NS | India | $13.6B | +2% | +15% | 16% | 21.6× | 23.8% | +27.9% |
| Kingsoft Cloud 3896.HK | Hong Kong | $2.54B | -47% | +35% | -3% | n/a | n/a | n/a |
| GoDaddy GDDY | United States | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% | +8.4% |