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Employees: 871
Size Ucap Cloud Information Technology (688228.SS) is a China Information Technology company (Data Processing Services) with a market value of $786M, the 2811th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥78.19 on 6 Nov 2026.
Performance Over six months the shares fell 25.9%, against -27.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 39.5% over the last twelve months (peer median +8.8%); the operating margin is -14.2% (peer median 7.7%).
Valuation It trades at 13.1× enterprise value to sales against a peer median of 2.5× (2nd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 40% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +33 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 18.8 points below its cost of capital (14.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥376M | CN¥419M | CN¥616M | CN¥692M | CN¥554M |
| Revenue growth | — | -32% | -11% | +25% | — |
| Gross profit | CN¥128M | CN¥151M | CN¥215M | CN¥281M | CN¥230M |
| EBITDA | -CN¥17.5M | CN¥19.5M | CN¥21.7M | CN¥51.2M | CN¥53.4M |
| Net income | -CN¥33.7M | -CN¥11.0M | CN¥20.6M | CN¥41.2M | CN¥98.0M |
| Free cash flow | CN¥90.2M | CN¥44.6M | -CN¥76.4M | CN¥33.2M | -CN¥38.5M |
| Capital expenditure | CN¥40.1M | CN¥40.9M | CN¥40.0M | CN¥19.8M | CN¥3.74M |
| Total debt | CN¥221M | CN¥197M | CN¥207M | CN¥210M | CN¥152M |
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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 | 688228.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.0% | -19.7% | 9th highest of 21 |
| 6-month return | -25.9% | -27.9% | 10th highest of 21 |
| Distance from 52-week high | -72.1% | -43.2% | 5th lowest of 21 |
| Revenue growth (TTM) | -39.5% | +8.8% | lowest of 21 |
| Operating margin | -14.2% | 7.7% | 7th lowest of 21 |
| EV / Sales | 13.1× | 2.5× | 2nd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 39.9% | 11.4% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +6.8% | +21.8% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | +33.1 pp | -5.0 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | -18.8 pp | -4.3 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ucap Cloud Information Technology 688228.SS | China | $786M | -26% | -39% | -14% | 13.1× | 39.9% | +6.8% |
| SharonAI SHAZ | United States | $781M | -59% | +257% | -894% | n/a | n/a | n/a |
| Yext YEXT | United States | $749M | +88% | -1% | 10% | 2.0× | 9.6% | +4.7% |
| Pason Systems PSI.TO | Canada | $742M | -10% | -2% | 18% | 2.4× | 1.5% | +21.8% |
| SAKURA Internet 3778.T | Japan | $688M | -13% | +26% | 8% | 3.0× | n/a | n/a |
| Beijing Topnew Info & Tech 300895.SZ | China | $938M | -27% | +1% | -25% | 23.4× | 54.6% | -3.4% |
| Rackspace Technology RXT | United States | $645M | -54% | 0% | -2% | 1.4× | 35.0% | -0.2% |
| WIIT WIIT.MI | Italy | $638M | -34% | -2% | 16% | 6.0× | 23.9% | +25.8% |
| Qingmu Tec 301110.SZ | China | $637M | -32% | +5% | 9% | 2.4× | 11.9% | +16.9% |
| BLS International Services BLS.NS | India | $973M | -23% | +29% | 23% | 2.5× | 9.7% | +44.4% |
| VNET Group, Inc. Sponsored ADR VNET | United States | $1.00B | -64% | +23% | 7% | 3.5× | n/a | n/a |
| Beijing Xunzhong Communication Technology 2597.HK | Hong Kong | $586M | +7% | -1% | 10% | 5.1× | n/a | n/a |
| Liberty Capital GLIBA | United States | $1.06B | -2% | +13% | 13% | 1.8× | 0.8% | +113.1% |
| BitGo BTGO | United States | $571M | -61% | +424% | -1% | 0.0× | n/a | n/a |
| Keel Infrastructure KEEL | United States | $1.15B | -53% | -23% | -121% | 7.8× | n/a | n/a |
| Rendong 002647.SZ | China | $1.20B | -43% | +6% | 6% | 3.9× | 42.3% | -17.2% |
| Happiest Minds Technologies HAPPSTMNDS.NS | India | $506M | -19% | +12% | 15% | 1.9× | 11.4% | +24.5% |
| Beijing Huaru Technology 301302.SZ | China | $506M | -10% | +52% | -38% | 7.6× | n/a | n/a |
| ASrock Rack 7711.TW | Taiwan | $1.23B | +35% | +183% | 10% | 1.2× | 7.5% | +42.1% |
| Leon Technology 300603.SZ | China | $501M | -29% | -19% | -22% | 5.0× | n/a | n/a |
| HIVE Digital Technologies HIVE.TO | Canada | $491M | -36% | +155% | -44% | 1.9× | n/a | n/a |