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Shanghai state-owned media group operating the iconic Oriental Pearl Tower tourism site plus a cable-TV network and media/entertainment businesses.
Shanghai state-owned media group operating the iconic Oriental Pearl Tower tourism site plus a cable-TV network and media/entertainment businesses.
Earns from monthly cable subscriptions in Shanghai, ticket and venue revenue at the Oriental Pearl Tower and other attractions, and content and advertising from its BesTV streaming arm, merged in 2015. Shanghai Media Group, the city's state broadcaster, controls it.
In one line: A Chinese hybrid of a cable operator and a tourism-landmark operator.
Moat: narrow (regulatory licence, brand, installed base). Regional cable monopoly license plus an irreplaceable landmark tourism asset in Shanghai.
Headquarters: Shanghai, China · Employees: 6,047
Size Oriental Pearl (600637.SS) is a China Communication Services company (Cable/Satellite TV) with a market value of $4.07B, the 626th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.08 on 6 Nov 2026.
Performance Over six months the shares fell 19.0%, against -16.8% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 8 in its peer set.
Growth Revenue fell 7.1% over the last twelve months (peer median -4.0%); the operating margin is 3.2% (peer median 3.6%).
Valuation It trades at 29.9× forward earnings against a peer median of 8.5× (most expensive of 5).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +21 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 5.2 points below its cost of capital (7.9% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.03B | CN¥7.47B | CN¥7.68B | CN¥7.96B | CN¥6.69B |
| Revenue growth | — | -3% | -3% | +19% | — |
| Gross profit | CN¥2.68B | CN¥1.90B | CN¥2.00B | CN¥2.37B | CN¥1.81B |
| EBITDA | n/a | CN¥1.63B | CN¥1.76B | CN¥2.25B | CN¥1.54B |
| Net income | CN¥471M | CN¥617M | CN¥669M | CN¥602M | CN¥174M |
| Free cash flow | CN¥50.1M | CN¥1.02B | -CN¥391M | CN¥656M | CN¥339M |
| Capital expenditure | CN¥1.21B | CN¥1.08B | CN¥1.94B | CN¥1.46B | CN¥1.61B |
| Total debt | CN¥1.24B | CN¥1.21B | CN¥2.09B | CN¥2.74B | CN¥2.18B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Oriental Pearl 600637.SS | $4.07B | -19% | -7% | 3% | 29.9× | 15.5% |
| Jiangsu Broadcasting Cable Information Network 600959.SS | $2.42B | -17% | -8% | -8% | n/a | n/a |
| Wasu Media 000156.SZ | $2.17B | +5% | -4% | 2% | n/a | -6.9% |
| Beijing Gehua CATV Network 600037.SS | $1.40B | -16% | +24% | -5% | 39.4× | n/a |
| Shaanxi Broadcast & TV Network Intermediary (Group) 600831.SS | $351M | -15% | -26% | -141% | n/a | 12.3% |
| Guangxi Beitou Technology 600936.SS | $925M | -11% | +13% | 2% | n/a | 15.7% |
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 | 600637.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | +4.5% | 2nd lowest of 8 |
| 6-month return | -19.0% | -16.8% | 3rd lowest of 8 |
| Distance from 52-week high | -49.9% | -29.3% | lowest of 8 |
| Revenue growth (TTM) | -7.1% | -4.0% | 2nd lowest of 8 |
| Operating margin | 3.2% | 3.6% | 4th lowest of 8 |
| Forward P/E | 29.9× | 8.5× | most expensive of 5 |
| Growth the price implies (Req g, 7 yrs) | 15.5% | -6.9% | 2nd most demanding of 6 |
| Growth delivered (Del g) | -5.7% | +2.2% | 2nd lowest of 6 |
| Hurdle (Req g minus delivered) | +21.2 pp | -8.8 pp | 2nd most demanding of 6 |
| ROIC minus cost of capital | -5.2 pp | -1.3 pp | 3rd lowest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Oriental Pearl 600637.SS | China | $4.07B | -19% | -7% | 3% | 29.9× | 15.5% | -5.7% |
| Versant Media VSNT | United States | $4.59B | -18% | -4% | 18% | 5.5× | -13.9% | -5.1% |
| Canal+ CAN.L | United Kingdom | $3.11B | +2% | +10% | 4% | 9.2× | n/a | n/a |
| Jiangsu Broadcasting Cable Information Network 600959.SS | China | $2.42B | -17% | -8% | -8% | n/a | n/a | n/a |
| Wasu Media 000156.SZ | China | $2.17B | +5% | -4% | 2% | n/a | -6.9% | +3.9% |
| Cyfrowy Polsat CPS.WA | Poland | $2.08B | -24% | 0% | 10% | 14.5× | 6.6% | +3.7% |
| Cogeco Communications CCA.TO | Canada | $1.67B | -13% | -4% | 26% | 7.8× | -8.9% | +2.2% |
| Guizhou Broadcasting & TV Information Network 600996.SS | China | $1.22B | -23% | -7% | -89% | n/a | 30.2% | -18.3% |