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Leading Chinese vendor of enterprise office-automation (OA) and workflow-collaboration software.
Leading Chinese vendor of enterprise office-automation (OA) and workflow-collaboration software.
Earns from software licences for its e-cology office platform, plus implementation, customisation and yearly maintenance fees, and has been shifting toward cloud subscriptions. Its customers run staff and processes on the system, so contracts tend to last for years.
In one line: A Chinese Workday/ServiceNow for OA workflows.
Moat: narrow (switching costs, installed base). Deeply embedded OA/workflow systems are costly for enterprise customers to replace.
Headquarters: Shanghai, China · Founded: 2001 · Employees: 1,095
Size Weaver Network Technology (603039.SS) is a China Information Technology company (Packaged Software) with a market value of $1.59B, the 1550th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥34.96 on 6 Nov 2026.
Performance Over six months the shares fell 7.9%, against -2.2% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 2.3% over the last twelve months (peer median +9.5%); the operating margin is 12.3% (peer median 8.9%).
Valuation It trades at 29.1× forward earnings against a peer median of 26.5× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +7 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 5.9 points above its cost of capital (7.2% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.33B | CN¥2.27B | CN¥2.35B | CN¥2.38B | CN¥2.32B |
| Revenue growth | — | -3% | -1% | +3% | — |
| Gross profit | CN¥2.18B | CN¥2.10B | CN¥2.16B | CN¥2.21B | CN¥2.14B |
| EBITDA | n/a | CN¥288M | CN¥238M | CN¥198M | CN¥245M |
| Net income | CN¥386M | CN¥289M | CN¥203M | CN¥179M | CN¥223M |
| Free cash flow | CN¥367M | CN¥239M | CN¥223M | CN¥149M | CN¥162M |
| Capital expenditure | CN¥30.2M | CN¥91.5M | CN¥91.1M | CN¥116M | CN¥126M |
| Total debt | CN¥4.56M | CN¥4.07M | CN¥6.53M | CN¥165M | CN¥10.8M |
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 |
|---|---|---|---|---|---|---|
| Weaver Network Technology 603039.SS | $1.59B | -8% | +2% | 12% | 29.1× | 15.8% |
| Kingdee International Software 0268.HK | $4.16B | +3% | +17% | 2% | 65.4× | 45.4% |
| Yonyou Network Technology 600588.SS | $4.72B | -21% | +4% | -16% | n/a | n/a |
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 | 603039.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.3% | +5.9% | 11th highest of 21 |
| 6-month return | -7.9% | -2.2% | 8th lowest of 20 |
| Distance from 52-week high | -43.7% | -26.3% | 7th lowest of 21 |
| Revenue growth (TTM) | +2.3% | +9.5% | 6th lowest of 21 |
| Operating margin | 12.3% | 8.9% | 8th highest of 21 |
| Forward P/E | 29.1× | 26.5× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 15.8% | 15.2% | 7th most demanding of 15 |
| Growth delivered (Del g) | +9.0% | +11.0% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | +6.8 pp | -1.7 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +5.9 pp | +0.1 pp | 5th highest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Weaver Network Technology 603039.SS | China | $1.59B | -8% | +2% | 12% | 29.1× | 15.8% | +9.0% |
| YOOZOO Interactive 002174.SZ | China | $1.61B | +9% | -1% | -20% | 24.7× | n/a | n/a |
| KPIT Technologies KPITTECH.NS | India | $1.57B | -25% | +9% | 14% | 26.3× | 14.8% | +26.0% |
| MIXI 2121.T | Japan | $1.56B | +51% | +30% | 14% | 10.7× | -18.1% | +7.5% |
| Nazara Technologies NAZARA.NS | India | $1.62B | +50% | -2% | 3% | 138.0× | n/a | n/a |
| Newborn Town 9911.HK | Hong Kong | $1.63B | -5% | +36% | 12% | 8.8× | -3.5% | +41.3% |
| Donnelley Financial Solutions DFIN | United States | $1.63B | +56% | +5% | 20% | 12.3× | -4.7% | -3.0% |
| Sprinklr CXM | United States | $1.55B | +25% | +6% | 6% | 13.0× | 4.8% | +17.2% |
| Paradox Interactive PDX.ST | Sweden | $1.54B | +6% | +13% | 6% | 25.3× | 20.8% | +4.1% |
| CloudWalk Technology 688327.SS | China | $1.54B | -28% | -47% | -165% | n/a | n/a | n/a |
| Digiwin 300378.SZ | China | $1.54B | -2% | +10% | 9% | 32.5× | n/a | n/a |
| Yusys Technologies 300674.SZ | China | $1.53B | -23% | -11% | 8% | 20.8× | 15.6% | +4.0% |
| Wealthfront WLTH | United States | $1.66B | -7% | +18% | -41% | 26.7× | -4.2% | n/a |
| Sansan 4443.T | Japan | $1.67B | +65% | +22% | 18% | 27.4× | 20.3% | +27.1% |
| YGsoft 002063.SZ | China | $1.51B | -16% | +5% | 13% | 31.0× | 16.3% | +8.9% |
| Kfin Technologies KFINTECH.NS | India | $1.67B | -1% | +27% | 32% | 40.6× | n/a | n/a |
| BlackLine BL | United States | $1.50B | -15% | +9% | 7% | 10.0× | 12.1% | +14.8% |
| Wuxi Boton Technology 300031.SZ | China | $1.50B | +8% | +22% | 2% | 32.5× | 30.2% | +5.6% |
| Lyntris LYNX | United States | $1.69B | n/a | +16% | 9% | n/a | n/a | n/a |
| Fractal Analytics FRACTAL.NS | India | $1.49B | -27% | +19% | 12% | 41.5× | 31.4% | +18.5% |
| Hangzhou Shunwang Technology 300113.SZ | China | $1.70B | -32% | -36% | 26% | 27.1× | 26.2% | +11.0% |