Loading…
China's largest independent SAP/Oracle ERP implementation and enterprise-software consulting firm.
China's largest independent SAP/Oracle ERP implementation and enterprise-software consulting firm.
Earns by billing for consultant time on ERP implementation and upgrade projects, then continuing support and customisation for the same clients, so staff capacity and project timing matter. The software itself comes from vendors such as SAP and Oracle, which customers licence separately.
In one line: A Chinese Accenture for SAP/Oracle ERP work.
Moat: narrow (switching costs, process know-how). Deep ERP implementation know-how creates high switching costs once embedded.
Headquarters: Shanghai, China · Employees: 9,273
Size Hand Enterprise Solutions (300170.SZ) is a China Information Technology company (Information Technology Services) with a market value of $2.24B, the 1139th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.65 on 6 Nov 2026.
Performance Over six months the shares fell 26.1%, against -10.2% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 7.3% over the last twelve months (peer median +9.5%); the operating margin is 5.6% (peer median 10.4%).
Valuation It trades at 48.8× forward earnings against a peer median of 28.0× (4th most expensive of 19).
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 +6%, so the hurdle is +21 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 2.8 points below its cost of capital (8.4% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.56B | CN¥3.40B | CN¥3.22B | CN¥2.97B | CN¥2.99B |
| Revenue growth | — | +6% | +9% | -1% | — |
| Gross profit | CN¥1.28B | CN¥1.04B | CN¥904M | CN¥655M | CN¥778M |
| EBITDA | n/a | CN¥362M | CN¥297M | CN¥4.99M | CN¥209M |
| Net income | CN¥201M | CN¥227M | CN¥188M | -CN¥25.4M | CN¥438M |
| Free cash flow | CN¥68.0M | CN¥260M | CN¥103M | -CN¥50.5M | -CN¥297M |
| Capital expenditure | CN¥220M | CN¥227M | CN¥230M | CN¥274M | CN¥354M |
| Total debt | CN¥599M | CN¥434M | CN¥455M | CN¥435M | CN¥1.28B |
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 |
|---|---|---|---|---|---|---|
| Hand Enterprise Solutions 300170.SZ | $2.24B | -26% | +7% | 6% | 48.8× | 27.4% |
| Accenture ACN | $154B | +44% | +6% | 15% | 17.8× | 3.7% |
| Digital China 0861.HK | $410M | -14% | +16% | 1% | n/a | 1.5% |
| Yonyou Network Technology 600588.SS | $4.72B | -21% | +4% | -16% | n/a | n/a |
| Kingdee International Software 0268.HK | $4.16B | +3% | +17% | 2% | 65.4× | 45.4% |
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 | 300170.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | -0.8% | 9th highest of 21 |
| 6-month return | -26.1% | -10.2% | 5th lowest of 21 |
| Distance from 52-week high | -56.5% | -33.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | +7.3% | +9.5% | 9th lowest of 21 |
| Operating margin | 5.6% | 10.4% | 8th lowest of 21 |
| Forward P/E | 48.8× | 28.0× | 4th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 27.4% | 16.9% | 4th most demanding of 14 |
| Growth delivered (Del g) | +6.5% | +10.2% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | +20.9 pp | +3.3 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -2.8 pp | +5.7 pp | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% | -7.8% |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% | +8.8% |
| HMS Networks HMS.ST | Sweden | $2.41B | -17% | +15% | 27% | 31.9× | 14.3% | +19.5% |
| OVH Groupe OVH.PA | France | $2.41B | +17% | +6% | 38% | 46.6× | n/a | n/a |
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | n/a | 26.0% | +3.6% |
| Beijing Ultrapower Software 300002.SZ | China | $2.43B | -14% | +9% | 15% | 20.4× | 4.2% | +10.2% |
| Netcompany Group A/S NETC.CO | Denmark | $2.44B | +1% | +30% | 11% | 20.4× | n/a | n/a |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 8.0× | -1.2% | +24.7% |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 16.6× | n/a | n/a |
| Tata Elxsi TATAELXSI.NS | India | $2.52B | -10% | +10% | 20% | 32.7× | 25.3% | +15.5% |
| Fastly FSLY | United States | $2.52B | -23% | +20% | -12% | 24.4× | 37.8% | +16.5% |
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% | -1.1% |
| Hangzhou Turbine Power 300277.SZ | China | $2.57B | -37% | +1,784% | 3% | 33.2× | 36.4% | -10.7% |
| GMO Internet 9449.T | Japan | $1.94B | -4% | +6% | 21% | 13.4× | n/a | n/a |
| Kainos KNOS.L | United Kingdom | $1.92B | +57% | +17% | 11% | 23.2× | 21.7% | +12.9% |
| Shanghai AtHub 603881.SS | China | $2.66B | -33% | -5% | 16% | 101.4× | 16.9% | +13.6% |
| Computer Age Management Services CAMS.NS | India | $1.87B | -15% | +9% | 39% | 32.3× | n/a | n/a |
| Shanghai Sunmi Technology 6810.HK | Hong Kong | $2.70B | -10% | +10% | 7% | n/a | n/a | n/a |
| Runjian 002929.SZ | China | $2.71B | +6% | -11% | 0% | 49.7× | n/a | n/a |