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China's largest enterprise ERP/management software vendor, serving businesses and government from SMEs to large enterprises.
China's largest enterprise ERP/management software vendor, serving businesses and government from SMEs to large enterprises.
Has been moving from selling perpetual software licences plus installation projects to cloud subscriptions, so revenue is shifting toward recurring fees recognised over time and away from one-off project income. Founder Wang Wenjing and his holding vehicle remain the controlling shareholders.
In one line: China's SAP.
Moat: narrow (switching costs, installed base). Large installed base of ERP customers with high switching costs once deployed.
Headquarters: Beijing, China · Founded: 1988 · Employees: 19,055
Size Yonyou Network Technology (600588.SS) is a China Information Technology company (Packaged Software) with a market value of $4.72B, the 534th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.21 on 6 Nov 2026.
Performance Over six months the shares fell 21.1%, against +20.2% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 19 in its peer set.
Growth Revenue grew 4.4% over the last twelve months (peer median +13.5%); the operating margin is -15.8% (peer median 8.1%).
Valuation It trades at 3.7× enterprise value to sales against a peer median of 7.3× (8th cheapest of 21).
Capital Return on invested capital runs 9.8 points below its cost of capital (7.5% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.35B | CN¥9.12B | CN¥9.05B | CN¥9.74B | CN¥9.20B |
| Revenue growth | — | +1% | -7% | +6% | — |
| Gross profit | CN¥4.92B | CN¥3.25B | CN¥3.25B | CN¥4.37B | CN¥4.76B |
| EBITDA | n/a | CN¥11.1M | -CN¥564M | -CN¥128M | CN¥716M |
| Net income | -CN¥1.24B | -CN¥1.39B | -CN¥2.06B | -CN¥967M | CN¥219M |
| Free cash flow | -CN¥316M | -CN¥478M | -CN¥1.97B | -CN¥1.70B | -CN¥1.16B |
| Capital expenditure | CN¥1.18B | CN¥1.34B | CN¥1.76B | CN¥1.80B | CN¥1.56B |
| Total debt | CN¥5.28B | CN¥5.09B | CN¥7.56B | CN¥6.99B | CN¥4.81B |
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 |
|---|---|---|---|---|---|---|
| Yonyou Network Technology 600588.SS | $4.72B | -21% | +4% | -16% | 3.7× | n/a |
| Kingdee International Software 0268.HK | $4.16B | +3% | +17% | 2% | 3.5× | 45.4% |
| Sap SAP.DE | $276B | +49% | +8% | 29% | 6.3× | 14.9% |
| Inspur Software 600756.SS | $669M | -23% | -25% | -25% | 3.4× | 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 | 600588.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.2% | +9.0% | 9th lowest of 21 |
| 6-month return | -21.1% | +20.2% | 4th lowest of 19 |
| Distance from 52-week high | -51.5% | -24.2% | 5th lowest of 21 |
| Revenue growth (TTM) | +4.4% | +13.5% | 4th lowest of 21 |
| Operating margin | -15.8% | 8.1% | 5th lowest of 21 |
| EV / Sales | 3.7× | 7.3× | 8th cheapest of 21 |
| ROIC minus cost of capital | -9.8 pp | -1.1 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | 3.7× | n/a | n/a |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 11.4× | 3.2% | +11.9% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 35.3× | n/a | n/a |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 1.2× | 4.0% | +6.6% |
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | 45.1× | n/a | n/a |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | 11.1× | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | 20.9× | n/a | n/a |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 0.8× | n/a | n/a |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 5.0× | 11.2% | +10.8% |
| Maase MAAS | United States | $4.51B | +7% | -84% | -16% | 168.9× | n/a | n/a |
| BILL BILL | United States | $4.50B | +25% | +13% | 1% | 2.6× | 36.5% | +47.3% |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 2.5× | n/a | n/a |
| Kingsoft 3888.HK | Hong Kong | $4.46B | +4% | 0% | 14% | 1.2× | -5.8% | +10.8% |
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 9.5× | 28.8% | +50.3% |
| Tenable TENB | United States | $4.40B | +93% | +10% | 5% | 4.5× | 30.1% | +17.8% |
| Baige Online Digital Technology 2672.HK | Hong Kong | $5.07B | n/a | +34% | -3% | 29.4× | n/a | n/a |
| HUB24 HUB.AX | Australia | $4.39B | -4% | +23% | 29% | 12.7× | 35.6% | +35.7% |
| iSoftStone Information Technology (Group) 301236.SZ | China | $5.13B | -16% | +13% | 0% | 1.0× | n/a | n/a |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 6.3× | 15.6% | +36.8% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 2.9× | 28.7% | +10.6% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 8.2× | 33.6% | -8.6% |