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Chinese developer of autonomous-driving systems for mining haul trucks and closed-site logistics vehicles.
Chinese developer of autonomous-driving systems for mining haul trucks and closed-site logistics vehicles.
In one line: A China-focused Aurora Innovation for mining/off-road autonomy.
Moat: narrow (process know-how, customer qualification). Deployed AV stacks require site-specific safety validation that is slow to replicate.
Headquarters: Beijing, China · Founded: 2017 · Employees: 489
Size CiDi (3881.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $777M, the 659th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$14.35 on 6 Nov 2026.
Performance Over six months the shares fell 43.5%, against -9.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 138.6% over the last twelve months (peer median +1.4%); the operating margin is -48.4% (peer median 6.6%).
Valuation It trades at 3.8× enterprise value to sales against a peer median of 3.3× (8th most expensive of 21).
Capital Return on invested capital runs 53.9 points below its cost of capital (6.8% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$1.44B | HK$960M | HK$445M | HK$147M | HK$36.1M |
| Revenue growth | — | +116% | +203% | +306% | — |
| Gross profit | HK$337M | HK$171M | HK$73.5M | -HK$1.70M | -HK$32.8M |
| EBITDA | -HK$661M | -HK$948M | -HK$487M | -HK$176M | -HK$221M |
| Net income | -HK$747M | -HK$1.11B | -HK$630M | -HK$282M | -HK$306M |
| Free cash flow | -HK$447M | -HK$345M | -HK$188M | -HK$223M | -HK$416M |
| Capital expenditure | HK$4.10M | HK$3.16M | HK$2.25M | HK$33.6M | HK$178M |
| Total debt | n/a | HK$581M | HK$2.27B | HK$2.12B | HK$2.00B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| CiDi 3881.HK | $777M | -43% | +139% | -48% | 3.8× | n/a |
| Hesai HSAI | $2.06B | -34% | +38% | 1% | 2.5× | n/a |
| Baidu, Inc. Sponsored ADR BIDU | $25.8B | -42% | -1% | 7% | 1.2× | n/a |
| Komatsu 6301.T | $32.2B | -12% | +9% | 13% | 1.5× | 9.5% |
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 | 3881.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.4% | +2.7% | 3rd lowest of 21 |
| 6-month return | -43.5% | -9.1% | 2nd lowest of 21 |
| Distance from 52-week high | -64.9% | -36.8% | 2nd lowest of 21 |
| Revenue growth (TTM) | +138.6% | +1.4% | 2nd highest of 21 |
| Operating margin | -48.4% | 6.6% | 3rd lowest of 21 |
| EV / Sales | 3.8× | 3.3× | 8th most expensive of 21 |
| ROIC minus cost of capital | -53.9 pp | -2.8 pp | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CiDi 3881.HK | Hong Kong | $777M | -43% | +139% | -48% | 3.8× | n/a | n/a |
| MNTN MNTN | United States | $776M | -38% | +21% | 15% | 1.7× | 0.2% | +41.0% |
| Dynavox DYVOX.ST | Sweden | $778M | -14% | +10% | 13% | 3.2× | 7.6% | +22.5% |
| LINK Mobility LINK.OL | Norway | $771M | -9% | +16% | 6% | 1.1× | 5.7% | +14.9% |
| Phreesia PHR | United States | $783M | +24% | +13% | 5% | 1.5× | 13.4% | +26.4% |
| Everplay EVPL.L | United Kingdom | $784M | +52% | +1% | 15% | 3.3× | 13.9% | +14.9% |
| Intellect Design Arena INTELLECT.NS | India | $766M | -34% | +17% | 12% | 2.0× | 28.1% | +15.2% |
| V5 Technologies 7822.TW | Taiwan | $788M | -59% | +188% | 37% | 6.6× | -1.8% | +114.4% |
| Consensus Cloud Solutions CCSI | United States | $791M | +27% | +1% | 42% | 3.5× | -2.5% | +1.1% |
| Shenzhen Bingchuan Network 300533.SZ | China | $763M | -18% | -5% | -10% | 1.3× | 4.7% | +46.0% |
| B-Soft 300451.SZ | China | $792M | -22% | -21% | -75% | 5.9× | n/a | n/a |
| Yonyou Auto Information Technology (Shanghai) 688479.SS | China | $793M | -9% | +1% | 2% | 8.1× | n/a | n/a |
| Bumble BMBL | United States | $798M | +65% | -13% | 28% | 1.4× | -10.5% | +10.7% |
| Gungho Online Entertainment 3765.T | Japan | $798M | -3% | -6% | 7% | 0.3× | n/a | n/a |
| Anhui ZhongDianXinLong Science and Technology 002298.SZ | China | $799M | -21% | -29% | -17% | 3.8× | n/a | n/a |
| WingArc1st 4432.T | Japan | $755M | +29% | +15% | 30% | 3.3× | -7.6% | +11.1% |
| Linewell Software 603636.SS | China | $755M | -2% | -42% | -111% | 11.1× | 16.4% | -11.5% |
| Lectra LSS.PA | France | $754M | +10% | -6% | 6% | 1.6× | 12.6% | +16.5% |
| Pinming Technology 688109.SS | China | $801M | -29% | -13% | -6% | 12.6× | 44.7% | +2.9% |
| Truecaller TRUE-B.ST | Sweden | $750M | +69% | -16% | 19% | 3.7× | 11.3% | +31.2% |
| SGSG Science & Technology Co., Ltd. Zhuhai 300561.SZ | China | $749M | -14% | +13% | -40% | 45.5× | n/a | n/a |