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State-backed telecom-equipment and chip designer, a co-developer of China's TD-SCDMA/TD-LTE mobile standards.
State-backed telecom-equipment and chip designer, a co-developer of China's TD-SCDMA/TD-LTE mobile standards.
Moat: narrow (IP / patents, regulatory licence). Core patents in China's home-grown mobile standards and state backing in telecom infrastructure.
Headquarters: Beijing, China · Employees: 895
Size Datang Telecom Technology (600198.SS) is a China Information Technology company (Packaged Software) with a market value of $1.25B, the 1909th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.38 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against +17.3% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue fell 10.7% over the last twelve months (peer median +15.1%); the operating margin is -30.1% (peer median 7.5%).
Valuation It trades at 10.5× enterprise value to sales against a peer median of 2.5× (3rd most expensive of 21).
Capital Return on invested capital runs 19.0 points below its cost of capital (9.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥929M | CN¥1.00B | CN¥932M | CN¥1.01B | CN¥1.06B |
| Revenue growth | — | +7% | -8% | -5% | — |
| Gross profit | CN¥290M | CN¥371M | CN¥385M | CN¥409M | CN¥465M |
| EBITDA | n/a | -CN¥46.0M | CN¥48.9M | CN¥117M | CN¥171M |
| Net income | -CN¥155M | -CN¥57.2M | CN¥27.9M | CN¥39.1M | CN¥37.6M |
| Free cash flow | -CN¥65.9M | -CN¥34.8M | -CN¥283M | -CN¥135M | -CN¥6.01M |
| Capital expenditure | CN¥82.6M | CN¥101M | CN¥130M | CN¥110M | CN¥20.8M |
| Total debt | CN¥1.28B | CN¥1.39B | CN¥379M | CN¥294M | CN¥319M |
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 |
|---|---|---|---|---|---|---|
| Datang Telecom Technology 600198.SS | $1.25B | -24% | -11% | -30% | 10.5× | n/a |
| ZTE 0763.HK | $19.0B | -27% | +20% | 1% | 1.2× | 17.5% |
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 | 600198.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.0% | -3.8% | 8th lowest of 21 |
| 6-month return | -24.1% | +17.3% | 3rd lowest of 19 |
| Distance from 52-week high | -48.9% | -28.4% | 5th lowest of 21 |
| Revenue growth (TTM) | -10.7% | +15.1% | 2nd lowest of 21 |
| Operating margin | -30.1% | 7.5% | 2nd lowest of 21 |
| EV / Sales | 10.5× | 2.5× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -19.0 pp | -3.4 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Datang Telecom Technology 600198.SS | China | $1.25B | -24% | -11% | -30% | 10.5× | n/a | n/a |
| Infomart 2492.T | Japan | $1.24B | +70% | +11% | 19% | 8.8× | 14.5% | +16.5% |
| PagerDuty PD | United States | $1.23B | +115% | +2% | 7% | 2.4× | 12.8% | +18.2% |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 2.6× | 33.1% | +12.5% |
| Cyient CYIENT.NS | India | $1.23B | +24% | +10% | 9% | 1.6× | 20.3% | +12.0% |
| InnovAge INNV | United States | $1.22B | +18% | +15% | 8% | 1.2× | -6.7% | +9.2% |
| Vitec Software VIT-B.ST | Sweden | $1.22B | +18% | +6% | 21% | 4.0× | 3.8% | +22.6% |
| Modern Times Group MTG MTG-A.ST | Sweden | $1.22B | +16% | +42% | 11% | 1.3× | -8.4% | +23.7% |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | 4.1× | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 0.9× | 24.3% | -2.9% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | 13.3× | n/a | n/a |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | 1.8× | 14.1% | -17.5% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 6.5× | 43.9% | +178.6% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 4.9× | 20.8% | +19.9% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 1.9× | 19.3% | +17.0% |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | 18.7× | n/a | n/a |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | 2.6× | n/a | n/a |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 1.7× | 4.5% | +30.1% |
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 0.6× | 17.8% | +3.1% |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 1.5× | -10.9% | +12.2% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 8.3× | n/a | n/a |