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Chinese mobile-game developer and publisher, an early investor across China's mobile-gaming ecosystem.
Chinese mobile-game developer and publisher, an early investor across China's mobile-gaming ecosystem.
Moat: none (distribution). Broad early-stage game-industry investment portfolio rather than a single dominant hit franchise.
Headquarters: Beijing, China · Employees: 646
Size Ourpalm (300315.SZ) is a China Information Technology company (Packaged Software) with a market value of $1.96B, the 1289th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.88 on 6 Nov 2026.
Performance Over six months the shares fell 2.6%, against -15.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 5.5% over the last twelve months (peer median +12.0%); the operating margin is -64.9% (peer median 2.6%).
Valuation It trades at 125.6× forward earnings against a peer median of 33.9× (4th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 56% a year for seven years (Req g). Recent delivered growth is -17%, so the hurdle is +73 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 24.2 points below its cost of capital (9.2% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥664M | CN¥705M | CN¥817M | CN¥980M | CN¥1.21B |
| Revenue growth | — | -14% | -17% | -19% | — |
| Gross profit | CN¥515M | CN¥495M | CN¥616M | CN¥757M | CN¥936M |
| EBITDA | n/a | -CN¥9.34M | CN¥47.5M | CN¥84.1M | CN¥108M |
| Net income | -CN¥245M | -CN¥157M | CN¥111M | CN¥187M | CN¥96.2M |
| Free cash flow | CN¥53.6M | CN¥125M | CN¥196M | CN¥105M | CN¥125M |
| Capital expenditure | CN¥6.57M | CN¥4.62M | CN¥18.1M | CN¥41.0M | CN¥13.6M |
| Total debt | CN¥28.9M | CN¥33.2M | CN¥58.4M | CN¥5.22M | CN¥18.6M |
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 |
|---|---|---|---|---|---|---|
| Ourpalm 300315.SZ | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | $2.01B | -9% | -10% | -108% | n/a | 43.2% |
| Perfect World 002624.SZ | $3.26B | -26% | -8% | 8% | 21.1× | 19.0% |
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 | 300315.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +27.8% | +5.5% | 2nd highest of 21 |
| 6-month return | -2.6% | -15.5% | 7th highest of 21 |
| Distance from 52-week high | -37.4% | -42.5% | 9th highest of 21 |
| Revenue growth (TTM) | -5.5% | +12.0% | 4th lowest of 21 |
| Operating margin | -64.9% | 2.6% | 3rd lowest of 21 |
| Forward P/E | 125.6× | 33.9× | 4th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 55.8% | 13.9% | most demanding of 15 |
| Growth delivered (Del g) | -17.0% | +13.7% | lowest of 15 |
| Hurdle (Req g minus delivered) | +72.8 pp | +2.8 pp | most demanding of 15 |
| ROIC minus cost of capital | -24.2 pp | -5.9 pp | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% | -17.0% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 26.2× | n/a | n/a |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 24.1× | 10.4% | +17.7% |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 91.2× | 37.2% | +9.5% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 28.2× | 12.3% | +16.8% |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | 79.2× | n/a | n/a |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | n/a | n/a | n/a |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 135.3× | 25.9% | +15.8% |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | n/a | -6.3% | +4.6% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | China | $2.01B | -9% | -10% | -108% | n/a | 43.2% | -12.5% |
| China TransInfo Technology 002373.SZ | China | $1.89B | -11% | +16% | 1% | 39.7× | 22.0% | -2.7% |
| iFAST AIY.SI | Singapore | $1.89B | -10% | +35% | 24% | 18.6× | -11.6% | +24.8% |
| Business-Intelligence of Oriental Nations 300166.SZ | China | $1.88B | -27% | +7% | -5% | 94.1× | n/a | n/a |
| Mobvista Incorporation 1860.HK | Hong Kong | $2.05B | -43% | +26% | 4% | 19.6× | -1.1% | +31.9% |
| Zhejiang Digital Culture Technology 600633.SS | China | $2.06B | -15% | +14% | 10% | 20.8× | 15.4% | -2.8% |
| Shenzhen Intellifusion Technologies 688343.SS | China | $1.87B | -46% | -4% | -52% | n/a | n/a | n/a |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 49.1× | 41.3% | +6.2% |
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 11.0× | -18.5% | +15.4% |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 158.4× | 46.1% | +26.7% |
| UCloud Technology 688158.SS | China | $2.08B | -34% | +26% | 2% | 499.0× | n/a | n/a |
| Embracer EMBRAC-B.ST | Sweden | $2.08B | +37% | -31% | -43% | 16.4× | -9.8% | +12.0% |