1. People's Republic of China Stocks

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    Software - Infrastructure
Wangsu Science & Technology Co.,Ltd.

Wangsu Science & Technology Co.,Ltd.

300017.SZ
Wangsu Science & Technology Co.,Ltd.CN flagShenzhen Stock Exchange
15.35
CNY
+0.17
- -
38.31BMarket Cap
Wangsu Science & Technology Co.,Ltd.
300017.SZ
(Shenzhen Stock Exchange)

Recent

price

15.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.18
0.26
0.4
0.59
0.92
1.4
1.88
2.2
2.6
1.74
2.33
1.94
2.13
1.92
2.05
1.92
2.04
Revenue per Share
0.02
0.03
0.05
0.12
0.23
0.4
0.53
0.34
0.33
0.01
0.09
0.07
0.08
0.25
0.28
0.33
0.31
Basic EPS, GAAP
-0.02
0.02
0.06
0.06
0.18
0.16
0.02
-0.14
-0.29
-0.06
0.16
0.25
0.31
0.29
0.3
0.34
-0.05
Free Cash Flow per Basic Share
- -
0.01
0.01
0.02
0.02
0.02
0.07
0.09
0.05
0.03
0.03
0.02
0.04
0.05
0.25
0.26
0.25
Dividend per Share
0.12
0.13
0.17
0.26
0.53
1.04
1.38
2.21
2.49
1.73
2.5
2.65
2.64
2.75
2.8
2.85
2.66
Book Value per Share
0.36
0.36
0.41
0.53
0.75
1.14
3.04
2.71
2.99
2.37
3.43
3.67
3.77
3.97
4.19
4.27
4.04
Tangible Book Value per Share
2,016
2,059
2,039
2,055
2,083
2,098
2,359
2,442
2,437
3,448
2,444
2,361
2,382
2,452
2,409
2,423
2,444
Basic Weighted Avg Shares
362
542
815
1,205
1,911
2,932
4,447
5,373
6,337
6,007
5,687
4,575
5,084
4,705
4,932
4,661
4,982
Sales/Revenue/Turnover
7.15
7.63
11.84
19.69
23.58
26.74
24.72
14.42
12.17
3.12
4.7
-0.77
4.16
8.46
8.47
10.96
9.87
Operating Margin (%)
31
43
54
67
98
123
183
376
534
571
540
512
423
345
255
179
- -
Depreciation Expense
38
55
104
237
484
831
1,250
830
804
34
220
165
191
613
675
800
750
Net Income, GAAP
15.55
15.36
15.52
10.98
3.53
5.57
5.87
3.93
5.98
- -
- -
- -
5.12
6.91
7.64
7.49
8.11
Effective Tax Rate (%)
10.56
10.09
12.73
19.68
25.31
28.36
28.12
15.46
12.69
0.57
3.87
3.61
3.75
13.03
13.68
17.15
15.05
Profit Margin (%)
584
587
659
853
1,286
2,071
5,966
2,637
3,513
4,648
4,245
5,769
5,127
4,625
7,305
7,607
7,510
Working Capital
- -
- -
- -
- -
- -
221
221
221
254
- -
77
62
44
40
25
15
19
LT Debt
738
779
870
1,138
1,636
2,514
7,356
7,973
8,683
8,632
8,710
8,839
9,073
9,789
10,118
10,379
9,904
Total Equity
3.02
4.59
9.8
20.81
31.04
33.25
19.32
8.84
7.64
- -
- -
- -
2.16
3.88
3.7
4.35
4.28
Return on Invested Capital (%)
19.25
16.98
28.82
50.14
57.31
47.03
42.19
17.46
12.38
- -
- -
- -
3.17
9.22
9.22
10.8
10.34
Return on Capital (%)
19.25
21.06
33.25
53.87
59.32
50.59
45.99
19.19
14.03
0.57
3.64
2.67
3.04
9.41
10
11.7
11.59
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
808
950
1,086
LT Borrowings
- -
- -
- -
LT Finance Leases
25
22
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,444
2,446
2,446
Market Capitalization
25,589
29,399
26,198

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
9,228
10,235
9,657
Cash, Cash Equivalents & STI
5,959
6,245
5,752
Accounts Receivable, Net
1,130
1,097
1,197
Inventories
6
5
5
Total Current Liabilities
1,923
2,220
2,147
Payables & Accruals
- -
- -
- -
ST Debt
808
950
1,086
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.82%
3.59%
2.58%
Free Cash Flow
-119.52%
18.12%
12.3%
Net Income, GAAP
69.66%
48.14%
18.53%
Sales/Revenue/Turnover
6.34%
-3.31%
-5.5%
Total Cash Common Dividend
70.83%
104.43%
2.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,120
1,180
1,310
1,322
4,932
2025
1,235
1,116
1,169
- -
4,661
2026
1,116
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
0.28
2025
0.08
- -
- -
- -
0.33
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
0.26
2026
- -
- -
- -
- -
- -
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Business
Wangsu Science & Technology Co., Ltd. specializes in providing comprehensive information infrastructure platform services with a focus on content delivery network (CDN), edge computing, cloud security, and cloud computing services. The company’s core products and services include CDN services; edge cloud platform; serverless edge applications; whole site acceleration; live streaming distribution; edge cloud host; edge cloud container and container instances; ECC-lite; edge cloud phone; web and dynamic content acceleration; video on demand (VOD) distribution; S-P2P; low latency streaming WRTC; virtual streaming; e-optimize and e-connect services; download distribution; and upload and overseas acceleration. Additionally, Wangsu offers infrastructure services such as customized Internet Data Centers (IDC) and liquid cooling energy-saving solutions. It operates globally, serving billions of internet users with stable and secure digital content delivery, edge intelligence, cloud security, and network optimization solutions. The company was founded in 2000 and is headquartered in Shanghai, China. In recent strategic developments spanning 2024 and early 2025, Wangsu has emphasized refining its core backend operations and focusing on its two main business lines of CDN and edge computing, which in 2024 generated approximately 4.592 billion yuan in revenue. The firm has significantly increased investments in AI-powered edge intelligence solutions, including serverless GPUs, AI gateways, and model fine-tuning and inference services. It launched the Smart View Cloud Platform, an edge application integrating low latency transmission, media production, and intelligent edge detection to support industrial internet applications. Wangsu also divested its Managed Service Provider (MSP) business via the sale of its shares in Cloudsway to streamline operations. Furthermore, Wangsu actively expanded its overseas market presence, with overseas revenue accounting for over 50% in 2024, targeting regions aligned with the Belt and Road Initiative through increased technical services and market development efforts. These initiatives reflect its strategic shift toward integrated AI and cloud-edge computing services while optimizing operational efficiency and global market penetration. Wangsu serves diverse industry segments including e-commerce, online gaming, media streaming, and industrial digital transformation, providing tailored IT infrastructure and cloud solutions. The company leverages a global CDN and edge computing network to deliver scalable, secure, and high-performance cloud services internationally. Its subsidiaries, such as Shenzhen Eco-atlas Technology Co., Ltd., support its digital innovation and green technology upgrades. Overall, Wangsu positions itself as a leading global cloud and edge computing service provider, enabling enterprises’ technological innovation and digital transformation. The company continues to innovate around cloud security, SD-WAN solutions, and green data center initiatives to meet evolving customer demands in Asia and broader global markets. This comprehensive product suite and strategic repositioning underscore Wangsu Science & Technology’s leadership in cloud and edge computing infrastructure and digital content delivery. The company’s ongoing investments in AI integration and international expansion highlight its focus on sustainable growth and technology-driven business evolution.