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One of China's largest IT-solutions companies, building software for healthcare, automotive, telecom and finance.
One of China's largest IT-solutions companies, building software for healthcare, automotive, telecom and finance.
Founded in 1991 at Northeastern University in Shenyang, it is paid mainly by project, licence and maintenance fees for hospital and public-sector systems, and by development fees from automakers for embedded vehicle software.
In one line: A Chinese Cerner/Epic-plus-automotive-software hybrid.
Moat: narrow (switching costs, installed base). Long-embedded hospital and automotive software is costly for customers to replace.
Headquarters: Shenyang, Liaoning, China · Founded: 1991 · Employees: 23,737
Size Neusoft (600718.SS) is a China Information Technology company (Information Technology Services) with a market value of $1.51B, the 1623rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.54 on 6 Nov 2026.
Performance Over six months the shares fell 3.4%, against -17.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 4.8% over the last twelve months (peer median +7.9%); the operating margin is -4.6% (peer median 5.8%).
Valuation It trades at 37.1× forward earnings against a peer median of 37.3× (8th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.8 points below its cost of capital (6.4% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.6B | CN¥12.0B | CN¥11.5B | CN¥10.5B | CN¥9.43B |
| Revenue growth | — | +4% | +10% | +12% | — |
| Gross profit | CN¥2.65B | CN¥2.41B | CN¥2.58B | CN¥2.35B | CN¥1.77B |
| EBITDA | n/a | CN¥121M | CN¥715M | CN¥586M | CN¥194M |
| Net income | -CN¥652M | -CN¥358M | CN¥63.0M | CN¥73.9M | -CN¥343M |
| Free cash flow | CN¥876M | CN¥249M | CN¥281M | CN¥462M | -CN¥38.2M |
| Capital expenditure | CN¥252M | CN¥223M | CN¥598M | CN¥358M | CN¥737M |
| Total debt | CN¥1.85B | CN¥1.50B | CN¥1.40B | CN¥1.63B | CN¥1.68B |
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 |
|---|---|---|---|---|---|---|
| Neusoft 600718.SS | $1.51B | -3% | -5% | -5% | 37.1× | -6.1% |
| Winning Health Technology 300253.SZ | $2.31B | -19% | +6% | -20% | 351.5× | 18.9% |
| Wonders Information 300168.SZ | $1.05B | -16% | +3% | -17% | 487.0× | 51.6% |
| Infosys Limited Sponsored ADR INFY | $48.5B | -3% | -1% | 21% | 15.4× | -2.0% |
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 | 600718.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | -4.1% | 2nd highest of 21 |
| 6-month return | -3.4% | -17.7% | 8th highest of 20 |
| Distance from 52-week high | -32.6% | -41.5% | 8th highest of 21 |
| Revenue growth (TTM) | -4.8% | +7.9% | 3rd lowest of 21 |
| Operating margin | -4.6% | 5.8% | 4th lowest of 21 |
| Forward P/E | 37.1× | 37.3× | 8th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -6.1% | 19.1% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +9.7% | +11.1% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | -15.8 pp | +0.1 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | -8.8 pp | -4.4 pp | 5th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Neusoft 600718.SS | China | $1.51B | -3% | -5% | -5% | 37.1× | -6.1% | +9.7% |
| Guangzhou Sie Consulting 300687.SZ | China | $1.52B | 0% | +3% | -3% | 79.8× | n/a | n/a |
| Cetc Potevio Science & Technology 002544.SZ | China | $1.52B | -41% | 0% | 0% | 375.0× | n/a | n/a |
| Shenzhen Forms Syntron Information 300468.SZ | China | $1.52B | -33% | +9% | 9% | n/a | n/a | n/a |
| Black Box BBOX.NS | India | $1.53B | +10% | +12% | 7% | 47.3× | n/a | n/a |
| Shenzhen YSSTech Information Technology 300377.SZ | China | $1.53B | -24% | +14% | -3% | n/a | n/a | n/a |
| Data#3 DTL.AX | Australia | $1.54B | +81% | +6% | 8% | 31.6× | 26.9% | -14.2% |
| Voyager Technologies VOYG | United States | $1.49B | -19% | +42% | -82% | n/a | n/a | n/a |
| Jiangsu Eazytec 688258.SS | China | $1.46B | -33% | 0% | 28% | 47.5× | 40.1% | +11.1% |
| PDF Solutions PDFS | United States | $1.59B | -27% | +23% | 8% | 26.0× | n/a | n/a |
| Quantum Computing QUBT | United States | $1.43B | -34% | +3,635% | -775% | n/a | n/a | n/a |
| VSTECS 0856.HK | Hong Kong | $1.42B | -30% | +11% | 2% | 6.4× | -12.2% | +6.9% |
| Everforth EFOR | United States | $1.41B | +69% | 0% | 6% | 8.3× | -1.5% | +2.6% |
| CETC Digital Technology 600850.SS | China | $1.62B | -18% | -1% | 2% | 17.3× | 19.1% | +5.8% |
| Zen Technologies ZENTEC.NS | India | $1.64B | +6% | +4% | 31% | 45.7× | 53.0% | +66.0% |
| Digital China Information Service 000555.SZ | China | $1.39B | -30% | -8% | 0% | 80.2× | n/a | n/a |
| ESDS Software Solution ESDS.NS | India | $1.38B | n/a | +31% | 36% | 64.8× | 22.6% | +22.4% |
| Mega Fortune MGRT | United States | $1.65B | -14% | -8% | -37% | n/a | n/a | n/a |
| secunet Security Networks YSN.DE | Germany | $1.66B | +20% | +13% | 11% | 37.3× | n/a | n/a |
| Simplex Holdings,Inc 4373.T | Japan | $1.66B | +25% | +20% | 23% | 19.4× | 12.4% | +16.3% |
| Northking Information Technology 002987.SZ | China | $1.67B | -14% | +1% | 6% | 30.6× | 16.2% | +16.1% |