Loading…
Chinese IT infrastructure integrator distributing servers, storage and networking gear and running enterprise IT projects.
Chinese IT infrastructure integrator distributing servers, storage and networking gear and running enterprise IT projects.
Moat: none (distribution). Low-margin reseller/integrator model with limited differentiation from peers.
Headquarters: Beijing, China · Employees: 2,513
Size Beijing Teamsun Technology (600410.SS) is a China Information Technology company (Information Technology Services) with a market value of $2.09B, the 1212th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.68 on 6 Nov 2026.
Performance Over six months the shares fell 42.1%, against -7.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 19.2% over the last twelve months (peer median +8.4%); the operating margin is -9.4% (peer median 11.2%).
Valuation It trades at 2.7× enterprise value to sales against a peer median of 2.6× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +22 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 17.1 points below its cost of capital (10.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.32B | CN¥4.66B | CN¥4.26B | CN¥4.16B | CN¥4.07B |
| Revenue growth | — | +9% | +2% | +2% | — |
| Gross profit | CN¥613M | CN¥440M | CN¥404M | CN¥389M | CN¥356M |
| EBITDA | n/a | CN¥51.7M | CN¥138M | CN¥8.91M | -CN¥15.9M |
| Net income | -CN¥590M | CN¥27.7M | CN¥24.1M | -CN¥221M | -CN¥324M |
| Free cash flow | CN¥354M | -CN¥142M | CN¥668M | CN¥81.9M | CN¥137M |
| Capital expenditure | CN¥250M | CN¥61.9M | CN¥64.8M | CN¥158M | CN¥103M |
| Total debt | CN¥2.38B | CN¥2.02B | CN¥1.28B | CN¥1.60B | CN¥1.08B |
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 |
|---|---|---|---|---|---|---|
| Beijing Teamsun Technology 600410.SS | $2.09B | -42% | +19% | -9% | 2.7× | 26.0% |
| Digital China 0861.HK | $410M | -14% | +16% | 1% | 0.4× | 1.5% |
| Neusoft 600718.SS | $1.51B | -3% | -5% | -5% | 0.8× | -6.1% |
| Chinasoft International 0354.HK | $1.18B | 0% | +3% | 2% | 0.6× | 17.8% |
| Inspur Digital Enterprise Technology 0596.HK | n/a | -32% | n/a | n/a | n/a | n/a |
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 | 600410.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.9% | -0.8% | 7th lowest of 21 |
| 6-month return | -42.1% | -7.6% | 2nd lowest of 21 |
| Distance from 52-week high | -63.0% | -32.4% | lowest of 21 |
| Revenue growth (TTM) | +19.2% | +8.4% | 3rd highest of 21 |
| Operating margin | -9.4% | 11.2% | lowest of 21 |
| EV / Sales | 2.7× | 2.6× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 26.0% | 5.4% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +3.6% | +8.8% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +22.4 pp | -3.4 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -17.1 pp | +5.7 pp | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | 2.7× | 26.0% | +3.6% |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 1.0× | -1.2% | +24.7% |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 1.9× | 5.4% | +8.8% |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 0.5× | n/a | n/a |
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 0.5× | -5.0% | -1.1% |
| GMO Internet 9449.T | Japan | $1.94B | -4% | +6% | 21% | n/a | n/a | n/a |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 3.0× | 34.8% | +2.2% |
| Hand Enterprise Solutions 300170.SZ | China | $2.24B | -26% | +7% | 6% | 3.9× | 27.4% | +6.5% |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 1.4× | -6.4% | -7.8% |
| Kainos KNOS.L | United Kingdom | $1.92B | +57% | +17% | 11% | 3.1× | 21.7% | +12.9% |
| Computer Age Management Services CAMS.NS | India | $1.87B | -15% | +9% | 39% | n/a | n/a | n/a |
| Concentrix CNXC | United States | $1.85B | +25% | +3% | 8% | 0.7× | -11.9% | +15.8% |
| Sigma Advanced Systems SIGMAADV.NS | India | $1.83B | +196% | +358% | 12% | 20.5× | n/a | n/a |
| HMS Networks HMS.ST | Sweden | $2.41B | -17% | +15% | 27% | 6.5× | 14.3% | +19.5% |
| OVH Groupe OVH.PA | France | $2.41B | +17% | +6% | 38% | 3.0× | n/a | n/a |
| A10 Networks ATEN | United States | $1.80B | -11% | +12% | 17% | 5.4× | 16.7% | +5.2% |
| Beijing Ultrapower Software 300002.SZ | China | $2.43B | -14% | +9% | 15% | 2.1× | 4.2% | +10.2% |
| Netcompany Group A/S NETC.CO | Denmark | $2.44B | +1% | +30% | 11% | 2.2× | n/a | n/a |
| CETC Cyberspace Security Technology 002268.SZ | China | $1.77B | -11% | -3% | 1% | 4.5× | n/a | n/a |
| Formula Systems (1985) Ltd. Sponsored ADR FORTY | United States | $1.75B | -26% | +1% | 8% | 0.7× | -3.4% | +6.3% |
| Tata Elxsi TATAELXSI.NS | India | $2.52B | -10% | +10% | 20% | 5.6× | 25.3% | +15.5% |