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Beijing cable-TV network operator providing pay-TV and broadband services to households.
Beijing cable-TV network operator providing pay-TV and broadband services to households.
Earns recurring monthly fees from household cable subscribers and from broadband plans sold on the same network, which it runs under a licence for Beijing and which is controlled by a Beijing state-owned group. Streaming and mobile video have been eating into cable viewing.
In one line: A regional Chinese cable operator like a smaller Comcast system.
Moat: narrow (regulatory licence, installed base). Licensed regional cable network with an installed subscriber base in Beijing.
Headquarters: Beijing, China · Employees: 3,109
Size Beijing Gehua CATV Network (600037.SS) is a China Industrials company (Engineering & Construction) with a market value of $1.40B, the 1737th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.70 on 6 Nov 2026.
Performance Over six months the shares fell 16.1%, against -14.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 23.7% over the last twelve months (peer median +4.9%); the operating margin is -5.2% (peer median 6.7%).
Valuation It trades at 39.4× forward earnings against a peer median of 9.9× (3rd most expensive of 14).
Capital Return on invested capital runs 3.7 points below its cost of capital (6.9% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.65B | CN¥2.22B | CN¥2.31B | CN¥2.43B | CN¥2.44B |
| Revenue growth | — | -4% | -5% | 0% | — |
| Gross profit | CN¥582M | CN¥60.0M | CN¥107M | CN¥198M | CN¥139M |
| EBITDA | n/a | CN¥377M | CN¥442M | CN¥576M | CN¥529M |
| Net income | CN¥157M | CN¥34.3M | -CN¥69.5M | -CN¥172M | CN¥332M |
| Free cash flow | -CN¥117M | -CN¥128M | CN¥600M | CN¥117M | CN¥229M |
| Capital expenditure | CN¥483M | CN¥428M | CN¥557M | CN¥681M | CN¥437M |
| Total debt | CN¥183M | CN¥187M | CN¥289M | CN¥362M | CN¥423M |
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 | 600037.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.4% | -5.2% | 10th lowest of 21 |
| 6-month return | -16.1% | -14.7% | 9th lowest of 21 |
| Distance from 52-week high | -22.3% | -33.9% | 6th highest of 21 |
| Revenue growth (TTM) | +23.7% | +4.9% | 5th highest of 21 |
| Operating margin | -5.2% | 6.7% | 2nd lowest of 21 |
| Forward P/E | 39.4× | 9.9× | 3rd most expensive of 14 |
| ROIC minus cost of capital | -3.7 pp | +0.1 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Gehua CATV Network 600037.SS | China | $1.40B | -16% | +24% | -5% | 39.4× | n/a | n/a |
| Zhejiang Construction Investment 002761.SZ | China | $1.42B | -14% | -12% | 0% | n/a | 13.0% | +0.4% |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 12.6× | -6.1% | +3.9% |
| Jiangxi Ganyue Expressway 600269.SS | China | $1.44B | -7% | +3% | 28% | n/a | -11.6% | +4.4% |
| Shaanxi Construction Engineering 600248.SS | China | $1.45B | -25% | -25% | 0% | 2.7× | n/a | n/a |
| Hongrun Construction 002062.SZ | China | $1.45B | -11% | -12% | 7% | 31.6× | 5.6% | -12.6% |
| Farglory Land Development 5522.TW | Taiwan | $1.34B | -18% | +164% | 26% | 7.7× | -13.6% | +3.0% |
| SRG Global SRG.AX | Australia | $1.46B | +7% | +27% | 7% | 22.1× | 16.4% | +24.1% |
| VA Tech Wabag WABAG.NS | India | $1.32B | +33% | +20% | 11% | 27.1× | 34.6% | +6.8% |
| Zhejiang Communications Technology 002061.SZ | China | $1.30B | -15% | -12% | 3% | 8.0× | -6.5% | +4.8% |
| Taiwan Cogeneration 8926.TW | Taiwan | $1.30B | +9% | +324% | 8% | n/a | n/a | n/a |
| Ruentex Engineering & Construction 2597.TW | Taiwan | $1.50B | +5% | +20% | 14% | n/a | -5.0% | +16.8% |
| Kumagai Gumi 1861.T | Japan | $1.30B | -20% | -4% | 6% | 9.0× | -9.2% | +1.6% |
| Lloyds Engineering Works LLOYDSENGG.NS | India | $1.29B | +36% | +83% | 11% | n/a | n/a | n/a |
| Shenzhen Urban Transport Technology 301091.SZ | China | $1.29B | -23% | +17% | 2% | 79.8× | n/a | n/a |
| Nippon Densetsu Kogyo 1950.T | Japan | $1.29B | -30% | +10% | 12% | 9.9× | -0.1% | +3.2% |
| CTCI 9933.TW | Taiwan | $1.29B | +22% | -22% | 9% | 8.5× | n/a | n/a |
| Dl E&c 375500.KS | South Korea | $1.53B | -48% | -17% | 4% | 5.2× | -8.3% | -5.3% |
| JiShi Media 601929.SS | China | $1.25B | -18% | -2% | -24% | n/a | n/a | n/a |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | n/a | n/a | n/a |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 40.3× | n/a | n/a |