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Employees: 950
Size Beijing VRV Software (300352.SZ) is a China Information Technology company (Packaged Software) with a market value of $518M, the 3788th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.38 on 6 Nov 2026.
Performance Over six months the shares fell 66.9%, against -21.6% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 28.5% over the last twelve months (peer median +5.0%); the operating margin is -110.2% (peer median -2.2%).
Valuation It trades at 10.6× enterprise value to sales against a peer median of 4.6× (3rd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 58% a year for seven years (Req g). Recent delivered growth is -14%, so the hurdle is +72 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 37.0 points below its cost of capital (10.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥327M | CN¥304M | CN¥515M | CN¥679M | CN¥538M |
| Revenue growth | — | -41% | -24% | +26% | — |
| Gross profit | CN¥175M | CN¥118M | CN¥228M | CN¥457M | CN¥250M |
| EBITDA | n/a | -CN¥301M | -CN¥104M | CN¥43.8M | -CN¥217M |
| Net income | -CN¥349M | -CN¥338M | -CN¥145M | CN¥6.59M | -CN¥187M |
| Free cash flow | n/a | CN¥19.0M | -CN¥137M | -CN¥25.5M | -CN¥115M |
| Capital expenditure | n/a | CN¥9.32M | CN¥64.9M | CN¥101M | CN¥57.3M |
| Total debt | CN¥77.8M | CN¥181M | CN¥261M | CN¥224M | CN¥442M |
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.
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 | 300352.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -6.6% | 8th lowest of 21 |
| 6-month return | -66.9% | -21.6% | 3rd lowest of 21 |
| Distance from 52-week high | -71.3% | -47.4% | 5th lowest of 21 |
| Revenue growth (TTM) | +28.5% | +5.0% | 2nd highest of 20 |
| Operating margin | -110.2% | -2.2% | lowest of 21 |
| EV / Sales | 10.6× | 4.6× | 3rd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 58.4% | 5.3% | most demanding of 10 |
| Growth delivered (Del g) | -13.7% | +10.4% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | +72.1 pp | -8.1 pp | most demanding of 9 |
| ROIC minus cost of capital | -37.0 pp | -9.6 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing VRV Software 300352.SZ | China | $518M | -67% | +28% | -110% | 10.6× | 58.4% | -13.7% |
| IVU Traffic Technologies IVU.DE | Germany | $518M | +40% | +10% | 13% | 2.7× | 6.8% | +10.2% |
| Tanwan 9890.HK | Hong Kong | $517M | -52% | -4% | -6% | n/a | n/a | n/a |
| Hangzhou Huasu Technology 301157.SZ | China | $516M | -19% | +16% | 5% | 9.4× | n/a | n/a |
| Jiangxi Tianli Technology 300399.SZ | China | $514M | -21% | +6% | 2% | 6.3× | n/a | n/a |
| Hangzhou Anysoft Information Technology 300571.SZ | China | $512M | -45% | -12% | -14% | 6.0× | n/a | n/a |
| TomTom TOM2.AS | Netherlands | $511M | -23% | -7% | 12% | 0.5× | -10.1% | +1.0% |
| Boost Run BRUN | United States | $511M | -68% | n/a | -47% | 26.6× | 5.3% | n/a |
| Heren Health 300550.SZ | China | $510M | +18% | -4% | -11% | 7.8× | 43.2% | -0.9% |
| Argo Graphics 7595.T | Japan | $525M | -10% | +5% | 15% | 0.8× | -10.9% | +10.5% |
| Sphere 347700.KS | South Korea | $525M | -66% | +303% | 3% | 5.5× | n/a | n/a |
| Acast ACAST.ST | Sweden | $526M | -20% | +23% | 3% | 1.6× | 21.4% | +32.5% |
| Wuhan KOTEI Informatics 301221.SZ | China | $526M | -22% | +11% | 2% | 3.5× | n/a | n/a |
| Beijing Quanshi World Online Network Information 002995.SZ | China | $508M | -15% | -19% | -13% | 3.2× | 5.3% | -19.1% |
| Bringspring Science & Technology 300290.SZ | China | $506M | -66% | -6% | -13% | 5.0× | n/a | n/a |
| Shanghai Golden Bridge Info Tech 603918.SS | China | $530M | -27% | -15% | -9% | 4.7× | n/a | n/a |
| Xinjiang Sailing Information Technology 300588.SZ | China | $505M | -25% | +19% | -17% | 14.9× | n/a | n/a |
| NerdWallet NRDS | United States | $504M | -14% | +12% | 11% | 0.5× | -12.6% | +27.8% |
| Baiwang 6657.HK | Hong Kong | $504M | -13% | -3% | -11% | 4.6× | n/a | n/a |
| Nexxen International NEXN | United States | $503M | +15% | +3% | 5% | 1.1× | 6.3% | +11.5% |
| Mininglamp Technology 2718.HK | Hong Kong | $533M | -89% | +9% | -6% | 1.9× | n/a | n/a |