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Chinese CAD software maker selling 2D/3D design software as a lower-cost alternative to AutoCAD.
Chinese CAD software maker selling 2D/3D design software as a lower-cost alternative to AutoCAD.
Sells design-software licences, largely through resellers, as an affordable alternative that opens AutoCAD's DWG files, so customers can keep their existing drawings. A policy push for government and state-owned firms to use domestic software steers demand its way.
In one line: A Chinese, lower-cost AutoCAD (Autodesk).
Moat: narrow (switching costs, IP / patents). Own CAD kernel and file-format compatibility with AutoCAD create lock-in once adopted.
Headquarters: Guangzhou, Guangdong, China · Founded: 1998 · Employees: 1,779
Size ZW Soft (688083.SS) is a China Information Technology company (Information Technology Services) with a market value of $1.27B, the 1888th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥49.75 on 6 Nov 2026.
Performance Over six months the shares fell 12.3%, against -3.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 2.4% over the last twelve months (peer median +10.2%); the operating margin is -15.0% (peer median 5.5%).
Valuation It trades at 95.2× forward earnings against a peer median of 33.4× (most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +16 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 21.1 points below its cost of capital (12.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥935M | CN¥885M | CN¥880M | CN¥820M | CN¥593M |
| Revenue growth | — | +1% | +7% | +38% | — |
| Gross profit | CN¥908M | CN¥782M | CN¥762M | CN¥708M | CN¥543M |
| EBITDA | n/a | -CN¥71.0M | -CN¥89.6M | -CN¥97.7M | -CN¥79.9M |
| Net income | CN¥55.2M | CN¥20.7M | CN¥64.0M | CN¥61.4M | CN¥6.00M |
| Free cash flow | CN¥146M | CN¥78.5M | -CN¥36.8M | CN¥6.98M | CN¥85.4M |
| Capital expenditure | CN¥50.6M | CN¥95.0M | CN¥101M | CN¥146M | CN¥73.3M |
| Total debt | CN¥107M | CN¥24.9M | CN¥23.9M | CN¥67.2M | CN¥46.6M |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ZW Soft 688083.SS | $1.27B | -12% | +2% | -15% | 95.2× | 30.3% |
| Autodesk ADSK | $54.7B | +7% | +19% | 23% | 20.1× | 18.1% |
| Glodon 002410.SZ | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% |
| Dassault Systemes DSY.PA | $39.0B | +32% | 0% | 26% | 19.2× | 8.3% |
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 | 688083.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.1% | -1.6% | 6th highest of 21 |
| 6-month return | -12.3% | -3.2% | 9th lowest of 20 |
| Distance from 52-week high | -40.5% | -36.9% | 8th lowest of 21 |
| Revenue growth (TTM) | +2.4% | +10.2% | 9th lowest of 21 |
| Operating margin | -15.0% | 5.5% | 6th lowest of 21 |
| Forward P/E | 95.2× | 33.4× | most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 30.3% | 3.1% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +14.5% | +9.2% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | +15.8 pp | -1.9 pp | 2nd most demanding of 13 |
| ROIC minus cost of capital | -21.1 pp | -3.8 pp | 5th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ZW Soft 688083.SS | China | $1.27B | -12% | +2% | -15% | 95.2× | 30.3% | +14.5% |
| Zhejiang Whyis Technology 301218.SZ | China | $1.27B | +147% | +23% | -15% | n/a | n/a | n/a |
| Taiji Computer 002368.SZ | China | $1.24B | -23% | -37% | -27% | n/a | 4.1% | -1.8% |
| Bittium BITTI.HE | Finland | $1.31B | -3% | +48% | 22% | 42.4× | 18.4% | +8.8% |
| Shanghai Fengyuzhu Culture Technology 603466.SS | China | $1.21B | +40% | -23% | -4% | 74.3× | n/a | n/a |
| Both Engineering Technology 601133.SS | China | $1.34B | -26% | +14% | 5% | 35.7× | 24.3% | +16.2% |
| Doushen (Beijing) Education & Technology 300010.SZ | China | $1.34B | -15% | +24% | -31% | 31.1× | n/a | n/a |
| Bytes Technology BYIT.L | United Kingdom | $1.36B | +33% | +10% | 27% | 19.4× | 3.1% | -10.9% |
| Future 4722.T | Japan | $1.36B | +59% | +8% | 20% | 17.2× | -5.4% | +11.4% |
| ESDS Software Solution ESDS.NS | India | $1.38B | n/a | +31% | 36% | 64.8× | 22.6% | +22.4% |
| Digital China Information Service 000555.SZ | China | $1.39B | -30% | -8% | 0% | 80.2× | n/a | n/a |
| DTS 9682.T | Japan | $1.14B | +14% | 0% | 12% | 15.5× | -9.1% | +8.4% |
| Everforth EFOR | United States | $1.41B | +69% | 0% | 6% | 8.3× | -1.5% | +2.6% |
| VSTECS 0856.HK | Hong Kong | $1.42B | -30% | +11% | 2% | 6.4× | -12.2% | +6.9% |
| Nagarro NA9.DE | Germany | $1.12B | +78% | +1% | 8% | 16.9× | 3.8% | +18.4% |
| Quantum Computing QUBT | United States | $1.43B | -34% | +3,635% | -775% | n/a | n/a | n/a |
| Northsand,Inc 446A.T | Japan | $1.11B | +99% | +60% | 21% | 26.0× | 2.3% | n/a |
| Jiangsu Eazytec 688258.SS | China | $1.46B | -33% | 0% | 28% | 47.5× | 40.1% | +11.1% |
| Voyager Technologies VOYG | United States | $1.49B | -19% | +42% | -82% | n/a | n/a | n/a |
| E2E Networks E2E.NS | India | $1.06B | +49% | +252% | 28% | 60.1× | n/a | n/a |
| Neusoft 600718.SS | China | $1.51B | -3% | -5% | -5% | 37.1× | -6.1% | +9.7% |