Employees: 1,436
Size Dareway Intelligent Technology (688579.SS) is a China Information Technology company (Packaged Software) with a market value of $450M, the 4104th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.50 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -11.2% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue fell 20.7% over the last twelve months (peer median +6.6%); the operating margin is -1.8% (peer median 6.5%).
Valuation It trades at 44.1× forward earnings against a peer median of 20.8× (most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +18 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 9.1 points below its cost of capital (8.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥441M | CN¥517M | CN¥551M | CN¥535M | CN¥452M |
| Revenue growth | — | -6% | +3% | +19% | — |
| Gross profit | CN¥205M | CN¥246M | CN¥261M | CN¥264M | CN¥239M |
| EBITDA | CN¥20.1M | CN¥69.9M | CN¥73.7M | CN¥84.0M | CN¥61.4M |
| Net income | CN¥12.9M | CN¥60.1M | CN¥64.1M | CN¥81.2M | CN¥61.9M |
| Free cash flow | CN¥74.3M | CN¥105M | CN¥66.0M | -CN¥62.6M | -CN¥31.7M |
| Capital expenditure | CN¥6.94M | CN¥6.92M | CN¥7.08M | CN¥56.5M | CN¥71.6M |
| Total debt | CN¥0 | CN¥37,800 | CN¥4.77M | CN¥123,004 | CN¥243,154 |
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| Measure | 688579.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | -2.6% | 11th highest of 21 |
| 6-month return | -25.8% | -11.2% | 6th lowest of 20 |
| Distance from 52-week high | -44.4% | -30.1% | 8th lowest of 21 |
| Revenue growth (TTM) | -20.7% | +6.6% | 3rd lowest of 20 |
| Operating margin | -1.8% | 6.5% | 6th lowest of 20 |
| Forward P/E | 44.1× | 20.8× | most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 18.9% | 13.1% | 5th most demanding of 11 |
| Growth delivered (Del g) | +0.9% | +9.7% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +18.0 pp | +8.8 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | -9.1 pp | -7.1 pp | 7th lowest of 19 |
| Net debt / EBITDA | -15.1× | -1.8× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dareway Intelligent Technology 688579.SS | China | $450M | -26% | -21% | -2% | 44.1× | 18.9% | +0.9% |
| Nuix NXL.AX | Australia | $452M | +37% | +19% | 12% | 25.6× | 23.0% | +8.4% |
| Braiin BRAI | United States | $447M | -70% | n/a | n/a | n/a | n/a | n/a |
| Datamatics Global Services DATAMATICS.NS | India | $453M | -12% | +11% | 16% | 15.5× | 10.8% | +11.6% |
| Zhengzhou Jiean Hi-tech 300845.SZ | China | $444M | +5% | +6% | 7% | n/a | n/a | n/a |
| NanJing Institute of Surveying Mapping and Geotechnical Investigation 300826.SZ | China | $444M | -1% | +8% | 1% | n/a | 45.8% | +8.8% |
| M31 Technology 6643.TWO | Taiwan | $443M | -46% | +19% | -8% | 32.0× | n/a | n/a |
| NEXON Games 225570.KS | South Korea | $457M | -18% | -31% | -26% | 24.8× | n/a | n/a |
| Bushiroad 7803.T | Japan | $441M | +102% | +3% | 8% | 15.3× | -3.9% | +10.2% |
| Kaiser (China) Culture 002425.SZ | China | $461M | -10% | -3% | -53% | n/a | n/a | n/a |
| Hangzhou Century 300078.SZ | China | $438M | -33% | -46% | -2% | n/a | n/a | n/a |
| Chase Science 300941.SZ | China | $437M | -20% | +29% | 1% | n/a | n/a | n/a |
| 63 Moons Technologies 63MOONS.NS | India | $437M | +21% | +238% | -104% | n/a | n/a | n/a |
| D2L DTOL.TO | Canada | $436M | +19% | +3% | 5% | 20.8× | 15.4% | +12.4% |
| Coffee Stain COFFEE-B.ST | Sweden | $435M | -11% | -12% | 10% | 15.8× | 5.6% | -11.8% |
| Objective OCL.AX | Australia | $434M | -39% | +7% | 32% | 23.4× | 8.1% | +6.8% |
| Gravity Co., Ltd. Sponsored ADR GRVY | United States | $467M | +3% | -2% | 16% | n/a | n/a | n/a |
| Craneware CRW.L | United Kingdom | $467M | -32% | -3% | 14% | 17.2× | 2.9% | +22.2% |
| UltraGreen.ai UGS.SI | Singapore | $433M | n/a | +25% | 57% | 6.2× | n/a | n/a |
| Materialise NV Sponsored ADR MTLS | United States | $432M | +25% | +10% | 2% | 42.6× | 26.0% | +9.2% |
| AMTD Digital, Inc. Sponsored ADR HKD | United States | $468M | -15% | +22% | 27% | n/a | 48.8% | +18.5% |