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Chinese big-data infrastructure software vendor providing distributed database and data-platform technology for enterprises.
Chinese big-data infrastructure software vendor providing distributed database and data-platform technology for enterprises.
In one line: A smaller Chinese Cloudera/Databricks.
Moat: narrow (process know-how, switching costs). Deployed data-platform infrastructure is costly for enterprise customers to rip and replace.
Headquarters: Shanghai, China · Employees: 897
Size Transwarp Technology Shanghai (688031.SS) is a China Information Technology company (Packaged Software) with a market value of $1.35B, the 1793rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥71.98 on 6 Nov 2026.
Performance Over six months the shares fell 45.5%, against -5.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue grew 27.0% over the last twelve months (peer median +8.1%); the operating margin is -49.2% (peer median 1.3%).
Valuation It trades at 16.9× enterprise value to sales against a peer median of 3.6× (2nd most expensive of 21).
Capital Return on invested capital runs 46.7 points below its cost of capital (17.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥492M | CN¥444M | CN¥368M | CN¥489M | CN¥371M |
| Revenue growth | — | +21% | -25% | +32% | — |
| Gross profit | CN¥292M | CN¥212M | CN¥159M | CN¥253M | CN¥203M |
| EBITDA | n/a | -CN¥224M | -CN¥328M | -CN¥311M | -CN¥291M |
| Net income | -CN¥187M | -CN¥245M | -CN¥343M | -CN¥288M | -CN¥271M |
| Free cash flow | -CN¥232M | -CN¥149M | -CN¥347M | -CN¥472M | -CN¥322M |
| Capital expenditure | CN¥98.7M | CN¥44.2M | CN¥38.0M | CN¥133M | CN¥31.0M |
| Total debt | CN¥162M | CN¥51.7M | CN¥73.9M | CN¥94.5M | CN¥35.6M |
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 |
|---|---|---|---|---|---|---|
| Transwarp Technology Shanghai 688031.SS | $1.35B | -45% | +27% | -49% | 16.9× | n/a |
| Wuhan Dameng Database 688692.SS | $1.75B | -28% | +28% | 28% | 5.4× | 12.7% |
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 | 688031.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.6% | +0.3% | 5th lowest of 21 |
| 6-month return | -45.5% | -5.6% | 2nd lowest of 19 |
| Distance from 52-week high | -72.8% | -33.9% | lowest of 21 |
| Revenue growth (TTM) | +27.0% | +8.1% | 6th highest of 21 |
| Operating margin | -49.2% | 1.3% | 2nd lowest of 21 |
| EV / Sales | 16.9× | 3.6× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -46.7 pp | -10.6 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Transwarp Technology Shanghai 688031.SS | China | $1.35B | -45% | +27% | -49% | 16.9× | n/a | n/a |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 5.2× | 34.9% | +6.5% |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 1.0× | n/a | n/a |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | 3.5× | -1.1% | +17.6% |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | 32.5× | n/a | n/a |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 1.7× | 13.4% | +8.5% |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | 5.3× | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 5.2× | -12.9% | +59.7% |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 0.8× | 13.5% | +42.0% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 8.3× | n/a | n/a |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | 6.5× | n/a | n/a |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 1.5× | -10.9% | +12.2% |
| Playtech PTEC.L | United Kingdom | $1.39B | +7% | -54% | 0% | 1.4× | -6.0% | -7.4% |
| Longshine Technology 300682.SZ | China | $1.39B | -35% | +7% | -9% | 1.9× | 49.4% | +6.0% |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 1.7× | 4.5% | +30.1% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 1.9× | 19.3% | +17.0% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 4.9× | 20.8% | +19.9% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 6.5× | 43.9% | +178.6% |
| Shenzhen Kingdom Sci-tech 600446.SS | China | $1.41B | -27% | -22% | -6% | 3.7× | n/a | n/a |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | 1.8× | 14.1% | -17.5% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | 13.3× | n/a | n/a |