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Chinese internet advertising and digital marketing company providing programmatic ad-buying and marketing technology services.
Chinese internet advertising and digital marketing company providing programmatic ad-buying and marketing technology services.
In one line: A Chinese digital ad-tech/marketing company.
Moat: none (data, distribution). Ad-tech platforms provide targeting capability, but faces intense competition and thin margins typical of digital ad agencies.
Headquarters: Hangzhou, China · Employees: 1,123
Size Zhewen Interactive (600986.SS) is a China Industrials company (Advertising/Marketing Services) with a market value of $1.72B, the 1447th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.76 on 6 Nov 2026.
Performance Over six months the shares fell 22.3%, against -23.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 18.2% over the last twelve months (peer median +2.6%); the operating margin is 2.2% (peer median 6.9%).
Valuation It trades at 33.7× forward earnings against a peer median of 22.7× (6th most expensive of 17).
Capital Return on invested capital runs 6.2 points below its cost of capital (9.4% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.11B | CN¥8.35B | CN¥7.70B | CN¥10.8B | CN¥14.7B |
| Revenue growth | — | +8% | -29% | -27% | — |
| Gross profit | CN¥862M | CN¥702M | CN¥632M | CN¥634M | CN¥603M |
| EBITDA | n/a | CN¥156M | -CN¥30.5M | CN¥84.5M | CN¥57.2M |
| Net income | -CN¥39.1M | CN¥85.5M | CN¥158M | CN¥192M | CN¥81.4M |
| Free cash flow | -CN¥781M | -CN¥96.5M | -CN¥26.5M | CN¥351M | -CN¥440M |
| Capital expenditure | CN¥415M | CN¥482M | CN¥7.49M | CN¥15.6M | CN¥14.0M |
| Total debt | CN¥3.35B | CN¥2.09B | CN¥1.42B | CN¥1.12B | CN¥1.16B |
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 |
|---|---|---|---|---|---|---|
| Zhewen Interactive 600986.SS | $1.72B | -22% | +18% | 2% | 33.7× | n/a |
| BlueFocus Intelligent Communications 300058.SZ | $6.98B | -24% | +6% | 0% | 123.3× | 58.3% |
| Easy Click Worldwide Network Technology 301171.SZ | $3.20B | +3% | +29% | 2% | 99.2× | 57.4% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600986.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.6% | -1.3% | 2nd highest of 21 |
| 6-month return | -22.3% | -23.9% | 9th highest of 21 |
| Distance from 52-week high | -52.9% | -41.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +18.2% | +2.6% | 5th highest of 21 |
| Operating margin | 2.2% | 6.9% | 3rd lowest of 20 |
| Forward P/E | 33.7× | 22.7× | 6th most expensive of 17 |
| ROIC minus cost of capital | -6.2 pp | -0.9 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhewen Interactive 600986.SS | China | $1.72B | -22% | +18% | 2% | 33.7× | n/a | n/a |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 13.5× | -5.1% | +1.1% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| GRG Metrology & Test 002967.SZ | China | $1.72B | -16% | +13% | 13% | 22.7× | 3.9% | +14.4% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 13.6× | n/a | n/a |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |
| Visual China 000681.SZ | China | $1.71B | -25% | -9% | 4% | 44.0× | n/a | n/a |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |
| Hunan Junxin Environmental Protection 301109.SZ | China | $1.73B | -9% | +1% | n/a | 14.2× | n/a | n/a |
| Ningbo PIA Automation 688306.SS | China | $1.74B | +3% | +7% | 4% | 190.6× | 35.2% | +8.7% |
| Xizi Clean Energy Equipment Manufacturing 002534.SZ | China | $1.74B | -19% | -2% | 3% | 44.5× | 25.7% | +3.1% |
| Suzhou Gold Mantis Construction and Decoration 002081.SZ | China | $1.74B | -25% | -8% | 3% | 29.6× | 12.2% | -11.1% |
| Fujian Snowman 002639.SZ | China | $1.70B | -18% | +9% | 1% | n/a | n/a | n/a |
| Sanhe Tongfei Refrigeration 300990.SZ | China | $1.69B | -18% | +23% | 8% | 29.9× | 31.4% | +36.2% |
| Guangdong Feinan Resources Recycling 301500.SZ | China | $1.68B | -31% | +42% | 7% | n/a | n/a | n/a |
| Roshow Technology 002617.SZ | China | $1.68B | -24% | +4% | 8% | n/a | 17.9% | +5.2% |
| China Aluminum International Engineering 601068.SS | China | $1.68B | -34% | -10% | 4% | 41.2× | 10.9% | +0.1% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 19.3× | 16.3% | +5.2% |
| Opple Lighting 603515.SS | China | $1.67B | -26% | +1% | 9% | 17.2× | n/a | n/a |
| Xiamen International Trade 600755.SS | China | $1.77B | -10% | +28% | 0% | 11.5× | n/a | n/a |