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Chinese core-banking and channel software provider for retail and corporate banking IT systems.
Chinese core-banking and channel software provider for retail and corporate banking IT systems.
Is paid per project for developing and installing systems for banks, with follow-on fees for maintenance and upgrades, so revenue follows banks' IT budgets and the timing of large projects. Once a core system is live, the bank rarely changes vendor.
In one line: A Chinese banking-software vendor akin to Temenos/FIS.
Moat: narrow (switching costs, customer qualification). Bank core/channel systems are costly and risky to replace once deployed.
Headquarters: Xiamen, China · Employees: 7,956
Size Shenzhen Sunline Tech (300348.SZ) is a China Information Technology company (Packaged Software) with a market value of $1.10B, the 2122nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.25 on 6 Nov 2026.
Performance Over six months the shares fell 21.7%, against -10.7% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 18.6% over the last twelve months (peer median +5.5%); the operating margin is -0.8% (peer median 2.9%).
Valuation It trades at 84.3× forward earnings against a peer median of 24.3× (2nd most expensive of 12).
Capital Return on invested capital runs 7.3 points below its cost of capital (8.4% WACC).
Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.12B | CN¥1.95B | CN¥1.73B | CN¥1.91B | CN¥1.88B |
| Revenue growth | — | +13% | -10% | +1% | — |
| Gross profit | CN¥507M | CN¥423M | CN¥491M | CN¥574M | CN¥560M |
| EBITDA | n/a | CN¥90.0M | CN¥113M | CN¥130M | CN¥149M |
| Net income | -CN¥32.2M | CN¥20.6M | CN¥18.6M | CN¥32.1M | CN¥22.5M |
| Free cash flow | -CN¥43.6M | CN¥50.3M | CN¥63.1M | CN¥51.3M | -CN¥143M |
| Capital expenditure | CN¥106M | CN¥97.9M | CN¥57.1M | CN¥54.4M | CN¥59.7M |
| Total debt | CN¥206M | CN¥32.9M | CN¥38.3M | CN¥386M | CN¥475M |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Sunline Tech 300348.SZ | $1.10B | -22% | +19% | -1% | 84.3× | n/a |
| Yusys Technologies 300674.SZ | $1.53B | -23% | -11% | 8% | 20.8× | 15.6% |
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 | 300348.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | -5.7% | 7th highest of 21 |
| 6-month return | -21.7% | -10.7% | 10th lowest of 20 |
| Distance from 52-week high | -45.2% | -40.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +18.6% | +5.5% | 8th highest of 21 |
| Operating margin | -0.8% | 2.9% | 9th lowest of 21 |
| Forward P/E | 84.3× | 24.3× | 2nd most expensive of 12 |
| ROIC minus cost of capital | -7.3 pp | -5.8 pp | 8th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Sunline Tech 300348.SZ | China | $1.10B | -22% | +19% | -1% | 84.3× | n/a | n/a |
| 74Software 74SW.PA | France | $1.11B | -5% | +11% | 14% | 13.3× | -1.7% | +18.9% |
| Tansun Technology 300872.SZ | China | $1.08B | -11% | -10% | -12% | 70.3× | n/a | n/a |
| Bingo Software 688227.SS | China | $1.08B | -56% | -7% | -11% | n/a | n/a | n/a |
| Blackbuck BLACKBUCK.NS | India | $1.08B | -1% | +50% | 14% | 52.8× | 34.8% | +54.8% |
| Red Violet RDVT | United States | $1.12B | +41% | +20% | 18% | 40.3× | 39.4% | +21.1% |
| Riskified RSKD | United States | $1.13B | +78% | +10% | -4% | 27.3× | 12.6% | +15.3% |
| BigBear.ai BBAI | United States | $1.07B | -47% | -1% | -66% | n/a | n/a | n/a |
| Hangzhou Diagens Biotechnology 2526.HK | Hong Kong | $1.13B | -68% | +134% | -49% | n/a | n/a | n/a |
| Shanghai Yaoji Technology 002605.SZ | China | $1.14B | -11% | -3% | 20% | 15.0× | 6.4% | +1.0% |
| Bravura Solutions BVS.AX | Australia | $1.06B | +50% | -10% | 25% | 24.3× | 4.1% | +3.1% |
| PATEO CONNECT Technology (Shanghai) 2889.HK | Hong Kong | $1.05B | -65% | +72% | -24% | n/a | n/a | n/a |
| Sichuan Xun You Network Technology 300467.SZ | China | $1.05B | -22% | +2% | 1% | n/a | n/a | n/a |
| Suzhou MedicalSystem Technology 603990.SS | China | $1.04B | +44% | -15% | 5% | 95.1× | n/a | n/a |
| Merit Interactive 300766.SZ | China | $1.17B | -30% | +30% | -2% | n/a | n/a | n/a |
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% | +3.1% |
| ZoomInfo Technologies GTM | United States | $1.02B | -45% | +3% | 23% | 3.1× | -9.7% | +21.3% |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | n/a | n/a | n/a |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | n/a | n/a | n/a |
| Tuya 2391.HK | Hong Kong | $1.00B | -33% | +7% | 5% | n/a | n/a | n/a |
| Birlasoft BSOFT.NS | India | $998M | -7% | +4% | 15% | 14.8× | 7.9% | +8.4% |