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Runs Mysteel, China's leading steel and commodity price-data and online trading platform for the metals industry.
Runs Mysteel, China's leading steel and commodity price-data and online trading platform for the metals industry.
Earns subscription fees from steel mills and traders for price data and market information, while its trading and supply-chain services move physical goods at much thinner margins. The data subscriptions rest on Mysteel prices being widely used as benchmarks.
In one line: A Chinese Platts/S&P Global Commodity Insights for steel.
Moat: narrow (data, network effects, brand). Mysteel's price-benchmark data is an industry standard, hard for buyers/sellers to bypass.
Headquarters: Shanghai, China · Founded: 2000 · Employees: 3,582
Size Shanghai Ganglian E-Commerce (300226.SZ) is a China Information Technology company (Information Technology Services) with a market value of $979M, the 2335th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.43 on 6 Nov 2026.
Performance Over six months the shares fell 20.5%, against +9.2% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 1.0% over the last twelve months (peer median +6.3%); the operating margin is 0.4% (peer median 5.5%).
Valuation It trades at 19.9× forward earnings against a peer median of 16.1× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +2 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 1.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥75.2B | CN¥70.7B | CN¥76.4B | CN¥86.3B | CN¥76.6B |
| Revenue growth | — | -7% | -12% | +13% | — |
| Gross profit | CN¥1.02B | CN¥913M | CN¥1.14B | CN¥1.23B | CN¥1.20B |
| EBITDA | n/a | CN¥286M | CN¥271M | CN¥404M | CN¥405M |
| Net income | CN¥218M | CN¥213M | CN¥161M | CN¥240M | CN¥203M |
| Free cash flow | CN¥518M | -CN¥231M | CN¥1.96B | CN¥87.4M | CN¥1.13B |
| Capital expenditure | CN¥14.7M | CN¥16.4M | CN¥30.8M | CN¥28.5M | CN¥32.7M |
| Total debt | CN¥32.2B | CN¥22.9B | CN¥13.1B | CN¥6.65B | CN¥3.57B |
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 |
|---|---|---|---|---|---|---|
| Shanghai Ganglian E-Commerce 300226.SZ | $979M | -21% | +1% | 0% | 19.9× | 6.1% |
| S&P Global SPGI | $136B | +18% | +6% | 46% | 24.1× | 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 | 300226.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.7% | -1.0% | 9th lowest of 21 |
| 6-month return | -20.5% | +9.2% | 6th lowest of 21 |
| Distance from 52-week high | -41.1% | -38.8% | 11th highest of 21 |
| Revenue growth (TTM) | +1.0% | +6.3% | 7th lowest of 21 |
| Operating margin | 0.4% | 5.5% | 9th lowest of 21 |
| Forward P/E | 19.9× | 16.1× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 6.1% | 7.9% | 8th least demanding of 15 |
| Growth delivered (Del g) | +3.9% | +11.9% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +2.3 pp | -4.3 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -1.2 pp | -3.9 pp | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Ganglian E-Commerce 300226.SZ | China | $979M | -21% | +1% | 0% | 19.9× | 6.1% | +3.9% |
| Rapid7 RPD | United States | $989M | +113% | 0% | 2% | 7.7× | 21.4% | +15.9% |
| Strait Innovation Internet 300300.SZ | China | $964M | -23% | -8% | -66% | n/a | n/a | n/a |
| Shenzhen Das Intellitech 002421.SZ | China | $996M | +5% | -17% | -17% | n/a | 14.8% | -8.8% |
| Nanjing Sciyon Wisdom Technology 002380.SZ | China | $957M | -22% | +7% | 12% | 16.2× | 11.3% | +17.4% |
| 4DMedical 4DX.AX | Australia | $952M | -33% | +21% | -814% | n/a | n/a | n/a |
| Insigma Technology 600797.SS | China | $943M | -28% | -13% | 0% | n/a | 20.0% | -2.9% |
| Systena 2317.T | Japan | $1.02B | +4% | +6% | 16% | 14.5× | -10.9% | +9.2% |
| Asseco South Eastern Europe ASE.WA | Poland | $940M | +20% | +7% | 16% | 16.0× | -0.9% | +11.9% |
| China Reform Health Management & Services 000503.SZ | China | $1.03B | -11% | +6% | -45% | n/a | n/a | n/a |
| Tanla Platforms TANLA.NS | India | $915M | +14% | +18% | 14% | 14.6× | 15.0% | +13.5% |
| Grid Dynamics GDYN | United States | $1.05B | +88% | +7% | 4% | 21.8× | 27.8% | +29.9% |
| Wonders Information 300168.SZ | China | $1.05B | -16% | +3% | -17% | 487.0× | 51.6% | -7.6% |
| ArcherMind Technology 300598.SZ | China | $906M | -24% | +7% | -5% | n/a | n/a | n/a |
| E2E Networks E2E.NS | India | $1.06B | +49% | +252% | 28% | 60.1× | n/a | n/a |
| Chutian Dragon 003040.SZ | China | $869M | -15% | -23% | -7% | 40.5× | n/a | n/a |
| Northsand,Inc 446A.T | Japan | $1.11B | +99% | +60% | 21% | 26.0× | 2.3% | n/a |
| Addnode ANOD-B.ST | Sweden | $859M | +35% | +5% | 10% | 16.0× | 4.5% | +8.8% |
| Nagarro NA9.DE | Germany | $1.12B | +78% | +1% | 8% | 16.9× | 3.8% | +18.4% |
| DTS 9682.T | Japan | $1.14B | +14% | 0% | 12% | 15.5× | -9.1% | +8.4% |
| MediaAlpha MAX | United States | $841M | +56% | +15% | 7% | 12.1× | -0.7% | +13.7% |