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Chinese AI company providing smart-city urban-transportation systems and enterprise digital-transformation ICT services.
Chinese AI company providing smart-city urban-transportation systems and enterprise digital-transformation ICT services.
Paid on project contracts: it designs, installs and later maintains transit and city systems for metro operators and city agencies, so revenue follows project delivery on public budgets. It is Guangzhou-based.
In one line: A China-focused Cubic/Conduent transit-tech mix.
Moat: narrow (installed base, regulatory licence). Long-standing city-government transit contracts create an installed base, though tech is contestable.
Headquarters: Guangzhou, China · Founded: 1992 · Employees: 3,908
Size PCI Technology (600728.SS) is a China Information Technology company (Computer Processing Hardware) with a market value of $1.58B, the 1562nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.98 on 6 Nov 2026.
Performance Over six months the shares fell 6.7%, against -19.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 18 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +15.8%); the operating margin is -0.1% (peer median 6.5%).
Valuation It trades at 55.3× forward earnings against a peer median of 17.4× (most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +4 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 4.5 points below its cost of capital (5.8% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.3B | CN¥10.1B | CN¥7.94B | CN¥6.22B | CN¥5.33B |
| Revenue growth | — | +27% | +28% | +17% | — |
| Gross profit | CN¥866M | CN¥694M | CN¥654M | CN¥560M | CN¥472M |
| EBITDA | n/a | CN¥283M | CN¥219M | CN¥198M | CN¥125M |
| Net income | CN¥14.6M | CN¥174M | -CN¥115M | CN¥395M | -CN¥262M |
| Free cash flow | CN¥732M | -CN¥671M | CN¥19.2M | -CN¥92.6M | -CN¥382M |
| Capital expenditure | CN¥166M | CN¥169M | CN¥175M | CN¥198M | CN¥197M |
| Total debt | CN¥5.11B | CN¥5.16B | CN¥4.34B | CN¥2.90B | CN¥2.89B |
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 |
|---|---|---|---|---|---|---|
| PCI Technology 600728.SS | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% |
| Beijing Sinnet Technology 300383.SZ | $2.70B | -37% | -2% | -11% | 149.7× | 46.5% |
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 | 600728.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.2% | -6.5% | highest of 21 |
| 6-month return | -6.7% | -19.0% | 6th highest of 18 |
| Distance from 52-week high | -33.7% | -41.8% | 6th highest of 21 |
| Revenue growth (TTM) | +11.0% | +15.8% | 7th lowest of 17 |
| Operating margin | -0.1% | 6.5% | 5th lowest of 20 |
| Forward P/E | 55.3× | 17.4× | most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 23.0% | 6.1% | most demanding of 12 |
| Growth delivered (Del g) | +18.8% | +7.2% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | +4.2 pp | -2.7 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -4.5 pp | +0.7 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| MilDef MILDEF.ST | Sweden | $1.17B | +54% | +76% | 17% | 31.2× | 5.1% | +38.7% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| Pasqal PSQL | United States | $923M | n/a | n/a | n/a | n/a | n/a | n/a |
| Zkteco 301330.SZ | China | $876M | -19% | +24% | 11% | n/a | 7.2% | +3.4% |
| JBCC 9889.T | Japan | $852M | +61% | +9% | 10% | 18.6× | -4.7% | +4.8% |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| Jess-Link Products 6197.TW | Taiwan | $814M | -10% | +21% | 22% | 15.7× | 6.1% | +16.2% |