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Regional cable-TV network operator holding the state broadcasting license for Guizhou province.
Regional cable-TV network operator holding the state broadcasting license for Guizhou province.
Earns annual subscription fees from households for cable TV, plus broadband and other services riding on the same network. Subscriber numbers have been falling as viewers move to online video.
Moat: narrow (regulatory licence). State-granted regional cable monopoly, though the underlying business is in structural decline.
Headquarters: Guiyang, China · Employees: 4,728
Size Guizhou Broadcasting & TV Information Network (600996.SS) is a China Communication Services company (Cable/Satellite TV) with a market value of $1.22B, the 1948th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.50 on 6 Nov 2026.
Performance Over six months the shares fell 23.1%, against -9.3% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 15 in its peer set.
Growth Revenue fell 6.6% over the last twelve months (peer median -1.9%); the operating margin is -89.3% (peer median 3.4%).
Valuation It trades at 13.0× enterprise value to sales against a peer median of 2.4× (most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is -18%, so the hurdle is +48 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 9.7 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.17B | CN¥1.26B | CN¥1.59B | CN¥1.85B | CN¥3.72B |
| Revenue growth | — | -21% | -14% | -50% | — |
| Gross profit | CN¥165M | -CN¥292M | -CN¥201M | -CN¥240M | CN¥415M |
| EBITDA | n/a | -CN¥178M | -CN¥91.8M | -CN¥123M | CN¥707M |
| Net income | -CN¥1.30B | -CN¥1.32B | -CN¥1.08B | -CN¥1.38B | CN¥11.4M |
| Free cash flow | CN¥129M | CN¥171M | -CN¥260M | -CN¥719M | -CN¥923M |
| Capital expenditure | CN¥114M | CN¥181M | CN¥665M | CN¥1.38B | CN¥1.22B |
| Total debt | CN¥6.66B | CN¥6.70B | CN¥7.11B | CN¥7.36B | CN¥7.86B |
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 |
|---|---|---|---|---|---|---|
| Guizhou Broadcasting & TV Information Network 600996.SS | $1.22B | -23% | -7% | -89% | 13.0× | 30.2% |
| Jiangsu Broadcasting Cable Information Network 600959.SS | $2.42B | -17% | -8% | -8% | 2.2× | n/a |
| Wasu Media 000156.SZ | $2.17B | +5% | -4% | 2% | 1.0× | -6.9% |
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 | 600996.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | +0.3% | 5th lowest of 15 |
| 6-month return | -23.1% | -9.3% | 2nd lowest of 15 |
| Distance from 52-week high | -49.7% | -30.5% | 2nd lowest of 15 |
| Revenue growth (TTM) | -6.6% | -1.9% | 4th lowest of 15 |
| Operating margin | -89.3% | 3.4% | lowest of 15 |
| EV / Sales | 13.0× | 2.4× | most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 30.2% | 1.6% | most demanding of 11 |
| Growth delivered (Del g) | -18.3% | +1.4% | lowest of 11 |
| Hurdle (Req g minus delivered) | +48.5 pp | -1.9 pp | most demanding of 11 |
| ROIC minus cost of capital | -9.7 pp | -0.0 pp | lowest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guizhou Broadcasting & TV Information Network 600996.SS | China | $1.22B | -23% | -7% | -89% | 13.0× | 30.2% | -18.3% |
| Guangxi Beitou Technology 600936.SS | China | $925M | -11% | +13% | 2% | 2.4× | 15.7% | +10.6% |
| Cogeco Communications CCA.TO | Canada | $1.67B | -13% | -4% | 26% | 2.4× | -8.9% | +2.2% |
| Shenzhen Topway Video Communication 002238.SZ | China | $810M | -8% | -16% | -22% | 4.7× | 16.0% | -5.8% |
| Stingray RAY.TO | Canada | $786M | +11% | +32% | 20% | 3.2× | 5.5% | +13.1% |
| Cyfrowy Polsat CPS.WA | Poland | $2.08B | -24% | 0% | 10% | 1.5× | 6.6% | +3.7% |
| Hubei Broadcasting & Television Information Network 000665.SZ | China | $698M | -15% | +1% | -48% | 5.4× | n/a | n/a |
| Wasu Media 000156.SZ | China | $2.17B | +5% | -4% | 2% | 1.0× | -6.9% | +3.9% |
| Viaplay VPLAY-A.ST | Sweden | $615M | +32% | +20% | 3% | 0.6× | n/a | n/a |
| Jiangsu Broadcasting Cable Information Network 600959.SS | China | $2.42B | -17% | -8% | -8% | 2.2× | n/a | n/a |
| Canal+ CAN.L | United Kingdom | $3.11B | +2% | +10% | 4% | n/a | n/a | n/a |
| Oriental Pearl 600637.SS | China | $4.07B | -19% | -7% | 3% | 3.4× | 15.5% | -5.7% |
| AMC Global Media AMCX | United States | $346M | -5% | -5% | 8% | 0.7× | -4.9% | -3.9% |
| Versant Media VSNT | United States | $4.59B | -18% | -4% | 18% | 1.0× | -13.9% | -5.1% |
| Taiwan Optical Platform 6464.TW | Taiwan | $311M | +5% | 0% | 26% | 3.8× | -2.3% | +0.6% |