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Chinese digital marketing agency ('SanRenXing') providing brand strategy, media buying and content marketing services for advertisers.
Chinese digital marketing agency ('SanRenXing') providing brand strategy, media buying and content marketing services for advertisers.
In one line: A Chinese full-service digital ad agency.
Moat: none (distribution). Agency relationships and media-buying scale, but digital marketing is a highly competitive, low-differentiation business.
Headquarters: Hangzhou, China · Employees: 1,001
Size Three's Company Future Technology (605168.SS) is a China Communication Services company (Advertising/Marketing Services) with a market value of $1.32B, the 1833rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥41.60 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, against -9.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +9.6%); the operating margin is 6.0% (peer median 0.6%).
Valuation It trades at 35.4× forward earnings against a peer median of 18.7× (5th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +28 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 5.6 points below its cost of capital (12.9% WACC).
Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.11B | CN¥3.66B | CN¥4.21B | CN¥5.27B | CN¥5.64B |
| Revenue growth | — | -13% | -20% | -7% | — |
| Gross profit | CN¥623M | CN¥586M | CN¥740M | CN¥889M | CN¥908M |
| EBITDA | n/a | CN¥284M | CN¥314M | CN¥504M | CN¥600M |
| Net income | CN¥156M | CN¥190M | CN¥123M | CN¥528M | CN¥737M |
| Free cash flow | CN¥121M | CN¥534M | CN¥118M | CN¥188M | -CN¥191M |
| Capital expenditure | CN¥1.14M | CN¥38.5M | CN¥7.95M | CN¥26.6M | CN¥39.4M |
| Total debt | CN¥631M | CN¥488M | CN¥963M | CN¥928M | CN¥770M |
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 |
|---|---|---|---|---|---|---|
| Three's Company Future Technology 605168.SS | $1.32B | -12% | +11% | 6% | 35.4× | 33.3% |
| BlueFocus Intelligent Communications 300058.SZ | $6.98B | -24% | +6% | 0% | 123.3× | 58.3% |
| InMyShow Digital Technology (Group) 600556.SS | $1.33B | -17% | +25% | -2% | 492.0× | 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 | 605168.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | +1.9% | 4th lowest of 21 |
| 6-month return | -11.6% | -9.8% | 10th lowest of 21 |
| Distance from 52-week high | -36.0% | -38.2% | 8th highest of 21 |
| Revenue growth (TTM) | +11.2% | +9.6% | 9th highest of 21 |
| Operating margin | 6.0% | 0.6% | 7th highest of 20 |
| Forward P/E | 35.4× | 18.7× | 5th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 33.3% | 9.8% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +5.5% | +6.5% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | +27.8 pp | -7.7 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -5.6 pp | -5.4 pp | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Three's Company Future Technology 605168.SS | China | $1.32B | -12% | +11% | 6% | 35.4× | 33.3% | +5.5% |
| InMyShow Digital Technology (Group) 600556.SS | China | $1.33B | -17% | +25% | -2% | 492.0× | n/a | n/a |
| New Guomai Digital Culture 600640.SS | China | $1.35B | -8% | -11% | -2% | n/a | 57.0% | -16.4% |
| Sharplink SBET | United States | $1.36B | -16% | +1,497% | -19% | 80.5× | n/a | n/a |
| CheilWorldwide 030000.KS | South Korea | $1.26B | -2% | -4% | 7% | 10.8× | -17.6% | +10.6% |
| ANYCOLOR 5032.T | Japan | $1.23B | +16% | +10% | 35% | 12.2× | -8.9% | +48.8% |
| Sunwave Communications 002115.SZ | China | $1.21B | -35% | +102% | 1% | n/a | 26.1% | +6.5% |
| Hunan TV & Broadcast Intermediary 000917.SZ | China | $1.43B | -23% | -2% | 3% | n/a | 17.1% | -6.1% |
| QuinStreet QNST | United States | $1.18B | +58% | +18% | 3% | 12.3× | 9.8% | +17.5% |
| Marketingforce Management 2556.HK | Hong Kong | $1.53B | +10% | +128% | 6% | 24.2× | 16.6% | +38.8% |
| Trump Media & Technology DJT | United States | $1.11B | -55% | +22% | -4,052% | n/a | n/a | n/a |
| Guangdong Advertising 002400.SZ | China | $1.72B | -27% | +11% | 0% | n/a | n/a | n/a |
| China Tourism And Culture Investment 600358.SS | China | $911M | -11% | +125% | n/a | n/a | n/a | n/a |
| Guangdong Guangzhou Daily Media 002181.SZ | China | $1.96B | -32% | 0% | -6% | n/a | n/a | n/a |
| Havas HAVAS.AS | Netherlands | $1.99B | +10% | +1% | 9% | 8.2× | -8.4% | +1.8% |
| Inly Media 603598.SS | China | $865M | +4% | +9% | 0% | 79.8× | n/a | n/a |
| Guangdong Yowant Technology 002291.SZ | China | $786M | -15% | -22% | -15% | 40.6× | 36.3% | +9.0% |
| Hubei Century Network Technology 300494.SZ | China | $766M | -5% | -7% | -6% | n/a | n/a | n/a |
| Criteo CRTO | United States | $756M | -6% | -7% | 8% | 4.1× | -19.8% | -1.3% |
| Apg Sga APGN.SW | Switzerland | $745M | +13% | +5% | 10% | 18.7× | -2.7% | +4.5% |
| Lecron Industrial Development 300343.SZ | China | $738M | -29% | +46% | 1% | n/a | n/a | n/a |