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Beijing contractor for landscape lighting and smart-city street-light and parking systems, mainly for city and tourism projects.
Beijing contractor for landscape lighting and smart-city street-light and parking systems, mainly for city and tourism projects.
Earns project revenue by designing and installing landscape lighting and smart street-light and parking systems, mostly for city and tourism projects, so a few large customers carry much of the business. It has reported losses in recent years. It has proposed buying Jiahe Jingwei, a memory-module and SSD maker, which would shift it into storage chips if approved.
Moat: none. Project contractor with few barriers; sales depend on a few large customers.
Headquarters: Beijing, China · Employees: 256
Size Beijing New Space Technology (605178.SS) is a China Industrials company (Engineering & Construction) with a market value of $861M, the 2597th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥56.15 on 6 Nov 2026.
Performance Over six months the shares fell 18.4%, against -20.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +2.0%); the operating margin is -50.7% (peer median 8.4%).
Valuation It trades at 16.8× enterprise value to sales against a peer median of 1.6× (4th most expensive of 21).
Capital Return on invested capital runs 17.2 points below its cost of capital (10.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥351M | CN¥346M | CN¥338M | CN¥203M | CN¥330M |
| Revenue growth | — | +2% | +67% | -39% | — |
| Gross profit | CN¥77.3M | CN¥53.8M | CN¥24.4M | CN¥16.1M | CN¥35.3M |
| EBITDA | n/a | -CN¥135M | -CN¥200M | -CN¥200M | -CN¥224M |
| Net income | -CN¥163M | -CN¥244M | -CN¥262M | -CN¥207M | -CN¥209M |
| Free cash flow | -CN¥138M | CN¥134M | CN¥60.1M | -CN¥144M | -CN¥115M |
| Capital expenditure | CN¥25.7M | CN¥29.6M | CN¥19.5M | CN¥25.1M | CN¥6.76M |
| Total debt | CN¥234M | CN¥172M | CN¥144M | CN¥164M | CN¥118M |
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 |
|---|---|---|---|---|---|---|
| Beijing New Space Technology 605178.SS | $861M | -18% | 0% | -51% | 16.8× | n/a |
| Leyard Optoelectronic 300296.SZ | $2.20B | -14% | -14% | 4% | 2.3× | 17.1% |
| Unilumin 300232.SZ | $796M | -23% | +1% | 0% | 0.8× | 6.4% |
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 | 605178.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.7% | -8.1% | 8th lowest of 21 |
| 6-month return | -18.4% | -20.2% | 10th highest of 21 |
| Distance from 52-week high | -54.5% | -34.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +0.2% | +2.0% | 8th lowest of 21 |
| Operating margin | -50.7% | 8.4% | 3rd lowest of 21 |
| EV / Sales | 16.8× | 1.6× | 4th most expensive of 21 |
| ROIC minus cost of capital | -17.2 pp | -0.0 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing New Space Technology 605178.SS | China | $861M | -18% | 0% | -51% | 16.8× | n/a | n/a |
| Next Geosolutions Europe NXT.MI | Italy | $861M | +22% | +68% | 17% | 2.4× | n/a | n/a |
| Xinjiang Beixin Road & Bridge 002307.SZ | China | $861M | -19% | -22% | 8% | 4.5× | n/a | n/a |
| Shanghai Urban Architecture Design 300983.SZ | China | $866M | +5% | -7% | -58% | 29.5× | n/a | n/a |
| China Nerin Engineering 603257.SS | China | $851M | -21% | -21% | 10% | 2.0× | 15.4% | +5.6% |
| Afcons Infrastructure AFCONS.NS | India | $841M | -36% | -15% | 4% | 1.1× | n/a | n/a |
| Totetsu Kogyo 1835.T | Japan | $841M | -30% | 0% | 11% | 0.7× | -11.6% | +4.2% |
| Shenzhen Tagen 000090.SZ | China | $883M | -11% | +1% | 0% | 0.8× | 13.8% | +5.6% |
| Ningbo Construction 601789.SS | China | $885M | -34% | +10% | 2% | 0.6× | n/a | n/a |
| Costain COST.L | United Kingdom | $890M | +30% | -6% | 5% | 0.5× | 0.1% | +1.3% |
| GR Engineering Services GNG.AX | Australia | $891M | +40% | +3% | 11% | 2.5× | 14.9% | +4.7% |
| TSK Electronica y Electricidad TSK.MC | Spain | $831M | +10% | +1% | 6% | 0.6× | 9.9% | +0.9% |
| Falcon's Beyond Global FBYD | United States | $831M | -41% | +181% | -67% | 39.8× | n/a | n/a |
| Taihei Dengyo Kaisha 1968.T | Japan | $899M | -22% | +19% | 11% | 0.9× | n/a | n/a |
| I.CO.P ICOP.MI | Italy | $901M | -6% | +138% | 11% | 2.4× | n/a | n/a |
| Chongqing Road & Bridge 600106.SS | China | $821M | -31% | -10% | 65% | 50.3× | 32.7% | -11.6% |
| GRK Infra GRK.HE | Finland | $903M | +30% | -7% | 8% | 0.8× | -1.5% | +24.6% |
| Shanghai Research Institute of Building Sciences 603153.SS | China | $820M | -22% | +10% | 8% | 0.9× | -6.2% | +12.6% |
| Shanghai Geoharbour Construction 605598.SS | China | $913M | -48% | +9% | -3% | 3.5× | n/a | n/a |
| Hubei Chutian Smart Communication 600035.SS | China | $918M | -1% | +34% | 9% | 2.5× | n/a | n/a |
| Shin Nippon Air Technologies 1952.T | Japan | $803M | -25% | +11% | 9% | 0.7× | 1.3% | +7.6% |