Loading…
Mobile-game publisher and internet-services company, formerly known as Kunlun Wanwei, with global gaming and AI ventures.
Mobile-game publisher and internet-services company, formerly known as Kunlun Wanwei, with global gaming and AI ventures.
Players pay through in-app purchases and subscriptions, and advertisers pay for reach inside its apps. Most of its audience is outside China, despite its mainland listing, and revenue depends on a handful of titles and apps.
In one line: A Chinese Zynga with AI-startup investments.
Moat: none (brand). Portfolio of mobile-game titles and internet products without a durable structural moat.
Headquarters: Beijing, China · Founded: 2008 · Employees: 2,394
Size Kunlun Tech (300418.SZ) is a China Information Technology company (Packaged Software) with a market value of $7.33B, the 335th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.74 on 6 Nov 2026.
Performance Over six months the shares fell 20.7%, against +20.2% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 48.3% over the last twelve months (peer median +15.2%); the operating margin is -20.8% (peer median 16.1%).
Valuation It trades at 1,291.3× forward earnings against a peer median of 52.6× (most expensive of 20).
Capital Return on invested capital runs 22.7 points below its cost of capital (12.5% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.3B | CN¥8.20B | CN¥5.66B | CN¥4.91B | CN¥4.73B |
| Revenue growth | — | +45% | +15% | +4% | — |
| Gross profit | CN¥7.85B | CN¥5.49B | CN¥3.95B | CN¥3.75B | CN¥3.67B |
| EBITDA | n/a | -CN¥1.27B | -CN¥399M | CN¥617M | CN¥987M |
| Net income | -CN¥925M | -CN¥1.59B | -CN¥1.59B | CN¥1.26B | CN¥1.15B |
| Free cash flow | -CN¥379M | -CN¥941M | -CN¥125M | CN¥488M | CN¥756M |
| Capital expenditure | CN¥176M | CN¥205M | CN¥414M | CN¥397M | CN¥77.8M |
| Total debt | CN¥1.38B | CN¥2.04B | CN¥1.47B | CN¥1.46B | CN¥802M |
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 |
|---|---|---|---|---|---|---|
| Kunlun Tech 300418.SZ | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a |
| 37 Interactive Entertainment Network Technology 002555.SZ | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% |
| NTES 9999.HK | $81.4B | +8% | +10% | 35% | 14.0× | -3.5% |
| Giant Network 002558.SZ | $5.61B | -35% | +105% | 48% | 10.0× | -2.1% |
| Perfect World 002624.SZ | $3.26B | -26% | -8% | 8% | 21.1× | 19.0% |
| Zhejiang Century Huatong 002602.SZ | $14.0B | -20% | +28% | 21% | 11.1× | -0.2% |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 12.5× | 6.4% |
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 | 300418.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | -0.1% | 11th highest of 21 |
| 6-month return | -20.7% | +20.2% | 3rd lowest of 21 |
| Distance from 52-week high | -46.3% | -19.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | +48.3% | +15.2% | 2nd highest of 21 |
| Operating margin | -20.8% | 16.1% | 4th lowest of 21 |
| Forward P/E | 1,291.3× | 52.6× | most expensive of 20 |
| ROIC minus cost of capital | -22.7 pp | +8.4 pp | 4th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kunlun Tech 300418.SZ | China | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a | n/a |
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
| Technology One TNE.AX | Australia | $7.40B | +15% | +14% | 29% | 56.7× | 33.3% | +14.9% |
| Duolingo DUOL | United States | $7.51B | +49% | +23% | 12% | 52.6× | 19.8% | +45.0% |
| Dropbox DBX | United States | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% | +5.7% |
| Clear Secure YOU | United States | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% | +31.3% |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 54.7× | 53.7% | +60.8% |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 159.5× | n/a | n/a |
| Square Enix 9684.T | Japan | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% | -2.1% |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 357.4× | n/a | n/a |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 17.0× | -6.9% | +6.5% |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 28.2× | 49.7% | +28.8% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% | +6.9% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| UiPath PATH | United States | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% | +21.5% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| Qualys QLYS | United States | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% | +13.1% |
| Sectra SECT-B.ST | Sweden | $6.53B | +27% | +14% | 20% | 85.0× | 29.0% | +16.8% |