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Chinese enterprise search, big-data and NLP/AI text-processing software company.
Chinese enterprise search, big-data and NLP/AI text-processing software company.
Earns from software licences, customisation projects and maintenance, mostly for government, state-media and large corporate buyers, so budgets and procurement cycles on the public side set the pace. Contracts are often project-based, which makes revenue lumpy rather than steady subscription income.
In one line: A smaller Chinese Autonomy/Elastic.
Moat: narrow (process know-how, IP / patents). Long-standing Chinese-language search and text-processing technology built over two decades.
Headquarters: Beijing, China · Founded: 1993 · Employees: 1,514
Size TRS Information Technology (300229.SZ) is a China Information Technology company (Packaged Software) with a market value of $1.71B, the 1460th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.04 on 6 Nov 2026.
Performance Over six months the shares fell 27.0%, against -4.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue fell 23.2% over the last twelve months (peer median +19.4%); the operating margin is -76.0% (peer median 10.6%).
Valuation It trades at 26.6× enterprise value to sales against a peer median of 4.2× (most expensive of 19).
Capital Return on invested capital runs 14.8 points below its cost of capital (10.0% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥380M | CN¥509M | CN¥775M | CN¥778M | CN¥904M |
| Revenue growth | — | -34% | 0% | -14% | — |
| Gross profit | CN¥244M | CN¥149M | CN¥336M | CN¥403M | CN¥485M |
| EBITDA | n/a | -CN¥16.5M | CN¥101M | CN¥138M | CN¥237M |
| Net income | -CN¥367M | -CN¥294M | -CN¥94.1M | CN¥36.5M | CN¥128M |
| Free cash flow | CN¥11.5M | CN¥40.0M | -CN¥118M | -CN¥159M | -CN¥200M |
| Capital expenditure | CN¥91.8M | CN¥171M | CN¥199M | CN¥227M | CN¥393M |
| Total debt | CN¥13.5M | CN¥15.4M | CN¥11.0M | CN¥44.2M | CN¥693M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| TRS Information Technology 300229.SZ | $1.71B | -27% | -23% | -76% | 26.6× | n/a |
| Elastic ESTC | $9.12B | +65% | +16% | -1% | 4.6× | 13.0% |
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 | 300229.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | +5.2% | 10th highest of 21 |
| 6-month return | -27.0% | -4.7% | 6th lowest of 20 |
| Distance from 52-week high | -57.9% | -26.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | -23.2% | +19.4% | 3rd lowest of 21 |
| Operating margin | -76.0% | 10.6% | lowest of 21 |
| EV / Sales | 26.6× | 4.2× | most expensive of 19 |
| ROIC minus cost of capital | -14.8 pp | +2.3 pp | 3rd lowest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TRS Information Technology 300229.SZ | China | $1.71B | -27% | -23% | -76% | 26.6× | n/a | n/a |
| Adeia ADEA | United States | $1.71B | -47% | +22% | 44% | 4.2× | 2.7% | -13.0% |
| Hacksaw HACK.ST | Sweden | $1.71B | -22% | +21% | 82% | 6.0× | -10.2% | +85.9% |
| Hangzhou Shunwang Technology 300113.SZ | China | $1.70B | -32% | -36% | 26% | 8.6× | 26.2% | +11.0% |
| freee K.K 4478.T | Japan | $1.72B | +100% | +28% | 3% | 5.9× | n/a | n/a |
| Lyntris LYNX | United States | $1.69B | n/a | +16% | 9% | n/a | n/a | n/a |
| Kfin Technologies KFINTECH.NS | India | $1.67B | -1% | +27% | 32% | n/a | n/a | n/a |
| Wuhan Dameng Database 688692.SS | China | $1.75B | -28% | +28% | 28% | 5.4× | 12.7% | +23.2% |
| Beijing Haizhi Technology 2706.HK | Hong Kong | $1.75B | -31% | +23% | -9% | 18.7× | n/a | n/a |
| Sansan 4443.T | Japan | $1.67B | +65% | +22% | 18% | 4.1× | 20.3% | +27.1% |
| Wealthfront WLTH | United States | $1.66B | -7% | +18% | -41% | 3.2× | -4.2% | n/a |
| Sinosoft 603927.SS | China | $1.77B | -14% | -24% | 2% | 1.8× | 23.0% | +0.9% |
| Progress Software PRGS | United States | $1.78B | +46% | +6% | 19% | 2.9× | 1.8% | +17.2% |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 3.5× | 26.9% | +38.7% |
| Shadowfax Technologies SHADOWFAX.NS | India | $1.79B | +70% | +69% | 10% | 3.8× | 47.0% | +43.7% |
| Donnelley Financial Solutions DFIN | United States | $1.63B | +56% | +5% | 20% | 2.2× | -4.7% | -3.0% |
| Newborn Town 9911.HK | Hong Kong | $1.63B | -5% | +36% | 12% | 1.0× | -3.5% | +41.3% |
| Nazara Technologies NAZARA.NS | India | $1.62B | +50% | -2% | 3% | 7.4× | n/a | n/a |
| YOOZOO Interactive 002174.SZ | China | $1.61B | +9% | -1% | -20% | 7.3× | n/a | n/a |
| Weaver Network Technology 603039.SS | China | $1.59B | -8% | +2% | 12% | 4.2× | 15.8% | +9.0% |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 4.8× | 40.7% | +11.5% |