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Employees: 754
Size Baiwang (6657.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $504M, the 753rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$10.95 on 6 Nov 2026.
Performance Over six months the shares fell 13.2%, against -25.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 3.4% over the last twelve months (peer median -4.2%); the operating margin is -11.5% (peer median -6.1%).
Valuation It trades at 37.2× forward earnings against a peer median of 8.8× (most expensive of 9).
Capital Return on invested capital runs 17.8 points below its cost of capital (5.3% WACC).
Next results Next results expected around 5 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$756M | HK$790M | HK$715M | HK$788M | HK$611M |
| Revenue growth | — | +11% | -9% | +29% | — |
| Gross profit | HK$307M | HK$334M | HK$286M | HK$299M | HK$237M |
| EBITDA | -HK$69.2M | -HK$8.30M | -HK$170M | -HK$291M | -HK$95.3M |
| Net income | -HK$64.3M | -HK$10.4M | -HK$543M | -HK$396M | -HK$179M |
| Free cash flow | -HK$143M | -HK$174M | -HK$157M | -HK$49.9M | -HK$58.9M |
| Capital expenditure | HK$19.8M | HK$11.6M | HK$8.38M | HK$6.74M | HK$5.21M |
| Total debt | n/a | HK$15.1M | HK$3.16M | HK$17.6M | HK$29.0M |
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 | 6657.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.1% | -5.9% | 3rd lowest of 21 |
| 6-month return | -13.2% | -25.6% | 5th highest of 21 |
| Distance from 52-week high | -45.2% | -51.5% | 6th highest of 21 |
| Revenue growth (TTM) | -3.4% | -4.2% | 9th highest of 19 |
| Operating margin | -11.5% | -6.1% | 9th lowest of 20 |
| Forward P/E | 37.2× | 8.8× | most expensive of 9 |
| ROIC minus cost of capital | -17.8 pp | -10.9 pp | 7th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Baiwang 6657.HK | Hong Kong | $504M | -13% | -3% | -11% | 37.2× | n/a | n/a |
| NerdWallet NRDS | United States | $504M | -14% | +12% | 11% | 9.6× | -12.6% | +27.8% |
| Nexxen International NEXN | United States | $503M | +15% | +3% | 5% | 7.6× | 6.3% | +11.5% |
| Xinjiang Sailing Information Technology 300588.SZ | China | $505M | -25% | +19% | -17% | n/a | n/a | n/a |
| i3 Verticals IIIV | United States | $502M | -10% | -8% | 3% | 16.1× | 31.2% | +7.3% |
| JinXianDai Information Industry 300830.SZ | China | $502M | -29% | -20% | -42% | n/a | 17.7% | -8.8% |
| Bringspring Science & Technology 300290.SZ | China | $506M | -66% | -6% | -13% | n/a | n/a | n/a |
| Beijing Quanshi World Online Network Information 002995.SZ | China | $508M | -15% | -19% | -13% | n/a | 5.3% | -19.1% |
| Client Service International 300663.SZ | China | $499M | -45% | -29% | -85% | n/a | 30.0% | -10.7% |
| Shanghai Wisdom Information Technology 301315.SZ | China | $499M | -26% | -15% | 4% | n/a | n/a | n/a |
| Heren Health 300550.SZ | China | $510M | +18% | -4% | -11% | n/a | 43.2% | -0.9% |
| CoinShares CSHR | United States | $498M | -36% | n/a | n/a | 7.1× | n/a | n/a |
| Boost Run BRUN | United States | $511M | -68% | n/a | -47% | n/a | 5.3% | n/a |
| TomTom TOM2.AS | Netherlands | $511M | -23% | -7% | 12% | 16.9× | -10.1% | +1.0% |
| Hangzhou Anysoft Information Technology 300571.SZ | China | $512M | -45% | -12% | -14% | n/a | n/a | n/a |
| innoscripta 1INN.DE | Germany | $495M | -37% | +42% | 61% | 8.0× | -13.3% | +55.9% |
| Jiangxi Tianli Technology 300399.SZ | China | $514M | -21% | +6% | 2% | n/a | n/a | n/a |
| Hangzhou Huasu Technology 301157.SZ | China | $516M | -19% | +16% | 5% | n/a | n/a | n/a |
| Tanwan 9890.HK | Hong Kong | $517M | -52% | -4% | -6% | 2.9× | n/a | n/a |
| Beijing VRV Software 300352.SZ | China | $518M | -67% | +28% | -110% | n/a | 58.4% | -13.7% |
| IVU Traffic Technologies IVU.DE | Germany | $518M | +40% | +10% | 13% | 28.8× | 6.8% | +10.2% |