TANSUN

Launch date

Jul 2003

Employees

Market cap

Enterprise valuation

€556m (Public information from Sep 2024)

Lhasa Tibet (HQ)

http://tansun.com.cn

https://www.linkedin.com/company/%E5%A4%A9%E9%98%B3%E5%AE%8F%E4%B8%9A%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenues, earnings & profits over time

CNY	2020	2021	2022	2023	2024	2025	2026
Revenues	1.3b	1.8b	2.0b	1.9b	2.1b	2.3b	2.6b
% growth	24 %	35 %	11 %	(2 %)	9 %	10 %	12 %
EBITDA	195m	132m	133m	211m	134m	153m	190m
% EBITDA margin	15 %	7 %	7 %	11 %	6 %	7 %	7 %
Profit	134m	99.0m	60.7m	117m	138m	167m	205m
% profit margin	10 %	6 %	3 %	6 %	7 %	7 %	8 %
EV / revenue	6.7x	4.2x	2.6x	2.9x	2.1x	1.9x	1.7x
EV / EBITDA	45.2x	56.9x	39.4x	26.2x	33.5x	29.4x	23.6x
R&D budget	144m	237m	250m	207m	-	-	-
R&D % of revenue	11 %	13 %	13 %	11 %	-	-	-

Date	Investors	Amount	Round
Jul 2015	N/A	CNY50.0m	Series A
Jan 2016	Everbright Securities Tianfeng Securities Central China Securities Changjiang Securities	CNY16.6m	Late VC
Jan 2017	CDH Investments Joseph Investment	CNY266m	Post IPO Equity
Nov 2017	Orca MA Capital	CNY10.0m	Post IPO Equity
Aug 2019	N/A	N/A	IPO
Total Funding		€8.3m

Beijing Heshun Hengtong Technology