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Employees: 1,239
Size Tanwan (9890.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $517M, the 749th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$7.68 on 6 Nov 2026.
Performance Over six months the shares fell 52.4%, against -20.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 4.3% over the last twelve months (peer median +5.0%); the operating margin is -6.1% (peer median 1.6%).
Valuation It trades at 2.9× forward earnings against a peer median of 28.8× (cheapest of 12).
Capital Return on invested capital runs 45.1 points below its cost of capital (8.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$4.50B | HK$4.51B | HK$6.05B | HK$7.20B | HK$10.3B |
| Revenue growth | — | -25% | -16% | -30% | — |
| Gross profit | HK$2.41B | HK$2.57B | HK$4.36B | HK$5.05B | HK$7.43B |
| EBITDA | -HK$192M | HK$324M | HK$277M | HK$405M | HK$736M |
| Net income | HK$1.18B | HK$1.61B | -HK$3.93M | HK$260M | HK$598M |
| Free cash flow | HK$699M | -HK$44.6M | -HK$2.02B | -HK$2.65B | HK$2.70B |
| Capital expenditure | HK$285M | HK$237M | HK$51.2M | HK$248M | HK$197M |
| Total debt | n/a | HK$114M | HK$259M | HK$448M | HK$862M |
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 | 9890.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.8% | -5.9% | 3rd lowest of 21 |
| 6-month return | -52.4% | -20.6% | 5th lowest of 21 |
| Distance from 52-week high | -64.6% | -46.1% | 6th lowest of 21 |
| Revenue growth (TTM) | -4.3% | +5.0% | 7th lowest of 20 |
| Operating margin | -6.1% | 1.6% | 10th lowest of 21 |
| Forward P/E | 2.9× | 28.8× | cheapest of 12 |
| ROIC minus cost of capital | -45.1 pp | -9.5 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tanwan 9890.HK | Hong Kong | $517M | -52% | -4% | -6% | 2.9× | n/a | n/a |
| Hangzhou Huasu Technology 301157.SZ | China | $516M | -19% | +16% | 5% | n/a | 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% |
| Jiangxi Tianli Technology 300399.SZ | China | $514M | -21% | +6% | 2% | n/a | n/a | n/a |
| Hangzhou Anysoft Information Technology 300571.SZ | China | $512M | -45% | -12% | -14% | n/a | n/a | n/a |
| TomTom TOM2.AS | Netherlands | $511M | -23% | -7% | 12% | 16.9× | -10.1% | +1.0% |
| Boost Run BRUN | United States | $511M | -68% | n/a | -47% | n/a | 5.3% | n/a |
| Heren Health 300550.SZ | China | $510M | +18% | -4% | -11% | n/a | 43.2% | -0.9% |
| Argo Graphics 7595.T | Japan | $525M | -10% | +5% | 15% | 14.8× | -10.9% | +10.5% |
| Sphere 347700.KS | South Korea | $525M | -66% | +303% | 3% | 32.1× | n/a | n/a |
| Acast ACAST.ST | Sweden | $526M | -20% | +23% | 3% | 33.0× | 21.4% | +32.5% |
| Beijing Quanshi World Online Network Information 002995.SZ | China | $508M | -15% | -19% | -13% | n/a | 5.3% | -19.1% |
| Wuhan KOTEI Informatics 301221.SZ | China | $526M | -22% | +11% | 2% | 39.3× | n/a | n/a |
| Bringspring Science & Technology 300290.SZ | China | $506M | -66% | -6% | -13% | n/a | n/a | n/a |
| Xinjiang Sailing Information Technology 300588.SZ | China | $505M | -25% | +19% | -17% | n/a | n/a | n/a |
| NerdWallet NRDS | United States | $504M | -14% | +12% | 11% | 9.6× | -12.6% | +27.8% |
| Baiwang 6657.HK | Hong Kong | $504M | -13% | -3% | -11% | 37.2× | n/a | n/a |
| Shanghai Golden Bridge Info Tech 603918.SS | China | $530M | -27% | -15% | -9% | 36.1× | n/a | n/a |
| Nexxen International NEXN | United States | $503M | +15% | +3% | 5% | 7.6× | 6.3% | +11.5% |
| i3 Verticals IIIV | United States | $502M | -10% | -8% | 3% | 16.1× | 31.2% | +7.3% |