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Beijing-based technology company; specific product line is not confirmed.
Beijing-based technology company; specific product line is not confirmed.
Moat: narrow
Headquarters: Beijing, China · Employees: 1,800
Size Beijing Jingyuntong Technology (601908.SS) is a China Information Technology company (Semiconductors) with a market value of $1.05B, the 2208th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.89 on 6 Nov 2026.
Performance Over six months the shares fell 26.5%, against -29.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 32.3% over the last twelve months (peer median +9.5%); the operating margin is -49.1% (peer median 3.9%).
Valuation It trades at 5.4× enterprise value to sales against a peer median of 4.0× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.1 points below its cost of capital (6.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.10B | CN¥3.10B | CN¥4.58B | CN¥10.5B | CN¥12.2B |
| Revenue growth | — | -32% | -56% | -14% | — |
| Gross profit | CN¥595M | CN¥276M | -CN¥705M | CN¥1.26B | CN¥1.92B |
| EBITDA | n/a | CN¥690M | -CN¥672M | CN¥1.22B | CN¥1.69B |
| Net income | -CN¥1.82B | -CN¥1.48B | -CN¥2.36B | CN¥236M | CN¥423M |
| Free cash flow | CN¥947M | CN¥838M | -CN¥577M | CN¥70.8M | -CN¥474M |
| Capital expenditure | CN¥20.1M | CN¥18.9M | CN¥349M | CN¥1.06B | CN¥311M |
| Total debt | CN¥4.97B | CN¥5.86B | CN¥7.02B | CN¥9.03B | CN¥8.94B |
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.
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 | 601908.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.0% | -18.2% | 3rd highest of 21 |
| 6-month return | -26.5% | -29.4% | 9th highest of 21 |
| Distance from 52-week high | -46.0% | -53.7% | 6th highest of 21 |
| Revenue growth (TTM) | -32.3% | +9.5% | 3rd lowest of 21 |
| Operating margin | -49.1% | 3.9% | 2nd lowest of 21 |
| EV / Sales | 5.4× | 4.0× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.1% | 30.4% | least demanding of 12 |
| Growth delivered (Del g) | -5.1% | +15.8% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | -0.0 pp | +15.3 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | -9.1 pp | -3.2 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Jingyuntong Technology 601908.SS | China | $1.05B | -26% | -32% | -49% | 5.4× | -5.1% | -5.1% |
| Beijing OnMicro Electronics 688790.SS | China | $1.04B | -51% | -10% | -16% | 2.8× | 41.4% | +26.8% |
| Telink Semiconductor (Shanghai) 688591.SS | China | $1.05B | -15% | +7% | 4% | 4.8× | n/a | n/a |
| Guizhou Zhenhua Fengguang Semiconductor 688439.SS | China | $1.05B | -28% | -39% | 4% | 8.4× | 18.6% | +16.1% |
| GCS 4991.TWO | Taiwan | $1.06B | -61% | +52% | 20% | 11.6× | 39.2% | +8.2% |
| Shanghai Fortune Techgroup 300493.SZ | China | $1.04B | -15% | +3% | 3% | 2.3× | 35.9% | +15.8% |
| Wuxi DK Electronic Materials 300842.SZ | China | $1.03B | -48% | +36% | 4% | 0.6× | n/a | n/a |
| Scientech 3583.TW | Taiwan | $1.07B | -46% | +9% | 14% | 2.4× | 10.4% | +26.0% |
| Semitronix 301095.SZ | China | $1.07B | -35% | +29% | 0% | 7.0× | 58.0% | +42.7% |
| Focus Lightings Tech 300708.SZ | China | $1.07B | -14% | -38% | 9% | 3.8× | n/a | n/a |
| Hannstar Display 6116.TW | Taiwan | $1.01B | +43% | +4% | -25% | 2.6× | 14.9% | -10.2% |
| Eastcompeace Technology 002017.SZ | China | $1.08B | -34% | +4% | 10% | 4.1× | 30.4% | +4.5% |
| Wuxi Chipown Micro-electronics 688508.SS | China | $1.09B | -35% | +12% | -4% | 4.4× | n/a | n/a |
| Zhuhai Aerospace Microchips Science & Technology 300053.SZ | China | $1.10B | -40% | +10% | -114% | 32.1× | n/a | n/a |
| ELAN Microelectronics 2458.TW | Taiwan | $996M | -18% | -8% | 21% | 2.9× | -2.8% | -4.0% |
| Suzhou Good-Ark Electronics 002079.SZ | China | $1.10B | -31% | +12% | 2% | 1.3× | 32.5% | +17.1% |
| Suzhou Oriental Semiconductor 688261.SS | China | $994M | -27% | +18% | 0% | 3.5× | n/a | n/a |
| Guangdong Fuxin Technology 688662.SS | China | $1.10B | +19% | +15% | 13% | 11.8× | n/a | n/a |
| Guangdong Leadyo IC Testing 688135.SS | China | $990M | -23% | +28% | 6% | 9.9× | n/a | n/a |
| Koh Young Technology 098460.KS | South Korea | $987M | -49% | +57% | 15% | 4.0× | 20.5% | +5.3% |
| Wafer Works (Shanghai) 688584.SS | China | $1.11B | -6% | -1% | 7% | 6.1× | n/a | n/a |