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Employees: 2,050
Size Qingmu Tec (301110.SZ) is a China Information Technology company (Data Processing Services) with a market value of $637M, the 3274th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥32.81 on 6 Nov 2026.
Performance Over six months the shares fell 31.7%, against -27.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +9.2%); the operating margin is 9.4% (peer median 1.8%).
Valuation It trades at 26.8× forward earnings against a peer median of 16.1× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points above its cost of capital (7.9% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.44B | CN¥1.41B | CN¥1.15B | CN¥965M | CN¥845M |
| Revenue growth | — | +23% | +19% | +14% | — |
| Gross profit | CN¥810M | CN¥775M | CN¥572M | CN¥399M | CN¥338M |
| EBITDA | n/a | CN¥167M | CN¥113M | CN¥53.3M | CN¥90.2M |
| Net income | CN¥140M | CN¥123M | CN¥90.5M | CN¥52.1M | CN¥65.9M |
| Free cash flow | CN¥141M | CN¥31.6M | CN¥40.0M | -CN¥37.9M | CN¥91.2M |
| Capital expenditure | CN¥29.8M | CN¥104M | CN¥150M | CN¥83.4M | CN¥17.8M |
| Total debt | CN¥89.0M | CN¥121M | CN¥110M | CN¥34.5M | CN¥74.0M |
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 | 301110.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -19.7% | 5th highest of 21 |
| 6-month return | -31.7% | -27.2% | 9th lowest of 20 |
| Distance from 52-week high | -56.6% | -47.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +5.3% | +9.2% | 10th lowest of 21 |
| Operating margin | 9.4% | 1.8% | 7th highest of 21 |
| Forward P/E | 26.8× | 16.1× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 11.9% | 17.6% | 5th least demanding of 9 |
| Growth delivered (Del g) | +16.9% | +14.3% | 5th highest of 9 |
| Hurdle (Req g minus delivered) | -5.0 pp | +1.5 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | +7.5 pp | -7.8 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingmu Tec 301110.SZ | China | $637M | -32% | +5% | 9% | 26.8× | 11.9% | +16.9% |
| WIIT WIIT.MI | Italy | $638M | -34% | -2% | 16% | 30.0× | 23.9% | +25.8% |
| Rackspace Technology RXT | United States | $645M | -54% | 0% | -2% | n/a | 35.0% | -0.2% |
| SAKURA Internet 3778.T | Japan | $688M | -13% | +26% | 8% | 35.7× | n/a | n/a |
| Beijing Xunzhong Communication Technology 2597.HK | Hong Kong | $586M | +7% | -1% | 10% | n/a | n/a | n/a |
| BitGo BTGO | United States | $571M | -61% | +424% | -1% | n/a | n/a | n/a |
| Pason Systems PSI.TO | Canada | $742M | -10% | -2% | 18% | 12.4× | 1.5% | +21.8% |
| Yext YEXT | United States | $749M | +88% | -1% | 10% | 10.0× | 9.6% | +4.7% |
| SharonAI SHAZ | United States | $781M | -59% | +257% | -894% | n/a | n/a | n/a |
| Ucap Cloud Information Technology 688228.SS | China | $786M | -26% | -39% | -14% | n/a | 39.9% | +6.8% |
| Happiest Minds Technologies HAPPSTMNDS.NS | India | $506M | -19% | +12% | 15% | 16.1× | 11.4% | +24.5% |
| Beijing Huaru Technology 301302.SZ | China | $506M | -10% | +52% | -38% | 33.2× | n/a | n/a |
| Leon Technology 300603.SZ | China | $501M | -29% | -19% | -22% | n/a | n/a | n/a |
| HIVE Digital Technologies HIVE.TO | Canada | $491M | -36% | +155% | -44% | n/a | n/a | n/a |
| Beijing Topnew Info & Tech 300895.SZ | China | $938M | -27% | +1% | -25% | n/a | 54.6% | -3.4% |
| BLS International Services BLS.NS | India | $973M | -23% | +29% | 23% | 10.7× | 9.7% | +44.4% |
| Infomaniak INFO.SW | Switzerland | $414M | n/a | +141% | -2% | n/a | n/a | n/a |
| VNET Group, Inc. Sponsored ADR VNET | United States | $1.00B | -64% | +23% | 7% | 89.6× | n/a | n/a |
| WhiteFiber WYFI | United States | $402M | -58% | -94% | -37% | n/a | n/a | n/a |
| American Bitcoin ABTC | United States | $390M | -70% | +2,495% | 7% | 8.8× | n/a | n/a |
| Claritev CTEV | United States | $385M | -16% | +6% | 4% | n/a | n/a | n/a |