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Digital arm of the Xinhua News Agency, running a state-owned online news portal and related media technology services.
Digital arm of the Xinhua News Agency, running a state-owned online news portal and related media technology services.
Readers do not pay, so the money comes from advertising and from services sold to government bodies and companies, such as online campaigns, events and media-technology projects.
In one line: A state-owned Chinese analogue to a wire-service digital portal.
Moat: narrow (brand, regulatory licence). Backed by Xinhua brand and licensed as an official state news outlet.
Headquarters: Beijing, China · Employees: 1,655
Size XinhuaNet (603888.SS) is a China Information Technology company (Internet Software/Services) with a market value of $1.89B, the 1327th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.94 on 6 Nov 2026.
Performance Over six months the shares fell 7.2%, against +0.7% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +6.2%); the operating margin is 7.7% (peer median 11.0%).
Valuation It trades at 4.5× enterprise value to sales against a peer median of 2.8× (9th most expensive of 19).
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 +9%, so the hurdle is +13 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 5.0 points above its cost of capital (8.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.22B | CN¥2.22B | CN¥2.13B | CN¥2.07B | CN¥1.94B |
| Revenue growth | — | +4% | +3% | +7% | — |
| Gross profit | CN¥927M | CN¥801M | CN¥775M | CN¥679M | CN¥562M |
| EBITDA | n/a | CN¥293M | CN¥315M | CN¥253M | CN¥279M |
| Net income | CN¥332M | CN¥329M | CN¥234M | CN¥274M | CN¥242M |
| Free cash flow | CN¥486M | CN¥518M | -CN¥545M | CN¥463M | CN¥521M |
| Capital expenditure | CN¥57.7M | CN¥58.3M | CN¥1.02B | CN¥30.9M | CN¥47.3M |
| Total debt | CN¥13.9M | CN¥11.4M | CN¥40.0M | CN¥54.3M | CN¥111M |
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 |
|---|---|---|---|---|---|---|
| XinhuaNet 603888.SS | $1.89B | -7% | -1% | 8% | 4.5× | 22.6% |
| People.cn 603000.SS | $2.69B | -15% | 0% | 12% | 7.9× | 28.6% |
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 | 603888.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | +0.7% | 8th lowest of 21 |
| 6-month return | -7.2% | +0.7% | 10th lowest of 21 |
| Distance from 52-week high | -40.8% | -21.1% | 9th lowest of 21 |
| Revenue growth (TTM) | -0.7% | +6.2% | 3rd lowest of 21 |
| Operating margin | 7.7% | 11.0% | 9th lowest of 21 |
| EV / Sales | 4.5× | 2.8× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 22.6% | 16.5% | 6th most demanding of 15 |
| Growth delivered (Del g) | +9.3% | +7.1% | 7th highest of 15 |
| Hurdle (Req g minus delivered) | +13.3 pp | +6.2 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | +5.0 pp | +0.7 pp | 5th highest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| XinhuaNet 603888.SS | China | $1.89B | -7% | -1% | 8% | 4.5× | 22.6% | +9.3% |
| TBO Tek TBOTEK.NS | India | $1.80B | +24% | +74% | 11% | 4.6× | n/a | n/a |
| Ziff Davis ZD | United States | $1.70B | +21% | -8% | 10% | 0.7× | -10.6% | +4.6% |
| Weibo 9898.HK | Hong Kong | $1.58B | -24% | +2% | 25% | 0.5× | n/a | n/a |
| Winning Health Technology 300253.SZ | China | $2.31B | -19% | +6% | -20% | 6.6× | 18.9% | -1.4% |
| Shanghai Great Wisdom 601519.SS | China | $2.49B | -18% | +6% | -8% | 18.0× | n/a | n/a |
| Youdao, Inc. Sponsored ADR DAO | United States | $2.50B | +59% | +10% | 4% | 3.1× | 33.6% | +17.6% |
| Mony MONY.L | United Kingdom | $1.42B | +21% | +2% | 26% | 2.4× | -0.7% | +5.3% |
| CarTrade Tech CARTRADE.NS | India | $1.39B | +40% | +16% | 30% | 14.9× | 34.5% | +25.6% |
| Trustpilot TRST.L | United Kingdom | $1.36B | +12% | +19% | 5% | 4.7× | 32.7% | +20.0% |
| NHN 181710.KS | South Korea | $1.34B | +44% | +12% | 6% | 0.6× | -4.4% | +8.9% |
| Aditya Birla Sun Life Amc ABSLAMC.NS | India | $2.68B | -19% | +4% | 60% | n/a | n/a | n/a |
| People.cn 603000.SS | China | $2.69B | -15% | 0% | 12% | 7.9× | 28.6% | -0.4% |
| WEBTOON Entertainment WBTN | United States | $1.31B | -27% | 0% | -3% | 0.6× | n/a | n/a |
| Huawen Media 000793.SZ | China | $1.19B | -34% | 0% | -14% | 22.2× | 17.8% | -34.6% |
| Baltic Classifieds BCG.L | United Kingdom | $1.14B | -99% | +7% | 68% | 11.6× | 15.2% | +15.9% |
| Moonpig MOON.L | United Kingdom | $1.13B | +41% | +7% | 21% | 2.5× | 3.7% | +0.3% |
| People PPLI | United States | $3.16B | -4% | -29% | 2% | 1.7× | 36.5% | -2.8% |
| Yelp YELP | United States | $1.06B | -28% | +2% | 13% | 0.7× | -18.4% | +10.9% |
| Crisil CRISIL.NS | India | $3.40B | +6% | +24% | 26% | n/a | n/a | n/a |
| EverQuote EVER | United States | $1.02B | +41% | +24% | 11% | 1.0× | -7.0% | +14.8% |