A diversified Chinese technology conglomerate that converts research and industrial inputs into computing, energy and environmental systems, sold mainly to public sector and industrial buyers, under an affiliation with Tsinghua University.
- Depends onUpstream position: supplies 5 industries, depends on 2
- ScaleMarket cap is $3.31B, above the global median of $1.18B
- FinancialsAltman Z-Score 1.07: distress zone
What this company is and how it runs — written from structure, not news.
CompanyGraph reads this as a production system that converts inputs into computing, energy and environmental outputs and places them with buyers positioned downstream of it, rather than a business built mainly on trading or pure intermediation. In CompanyGraph's mapping of the supply chain it sits upstream, feeding a wider range of industries than the smaller set of industries it draws from, and it is also positioned as a connector between different parties and as a translator of technical output into usable form.
Revenue comes from a mix of businesses that CompanyGraph's own reading of the company places across computing and information-technology solutions on one side and energy and environmental offerings on the other, rather than from one core product line, sold mainly to public sector and industrial buyers. On the data recomputed from its filings, that revenue has not converted into profit reliably: the company recorded a net loss rather than a net profit in more than one of the fiscal years on file.
CompanyGraph groups this company's way of operating with a large number of other companies in its coverage that run the same kind of throughput-based production system, so this shape of coordination is common rather than distinctive. For companies sharing that shape, scale generally comes from adding physical or operational conversion capacity rather than from software-style or network-driven growth, though CompanyGraph has not separately measured whether that pattern holds for this company.
CompanyGraph's mapping of the supply chain shows the company drawing on a narrow set of upstream industries rather than a broad supplier base. In a filing describing one of its businesses, technology commercialization, the company describes that business as a bridge drawing on China National Nuclear Corporation and on universities led by Tsinghua University, working from research teams' innovations as its starting input.
CompanyGraph's mapping of the supply chain shows the company feeding a wider range of downstream industries than the narrower set it draws from itself. In the same filing, the company describes its technology-commercialization business as connecting that research to market demand, and describes a further role connecting growing companies with capital markets, so both sides are described as relying on the company as the channel between them.
CompanyGraph's data shows this company's way of operating, a production system governed by throughput-based conversion economics, is shared by a large number of other companies it tracks. That makes it a common structural shape rather than a distinctive one, and the evidence on file does not show a specific mechanism that would stop rivals running the same kind of system from replicating what this company does. Structurally near is not the same as moving together or being interchangeable: it means CompanyGraph sees a shared way of operating or a detected pattern, not a price relationship or a comparison verdict.
CompanyGraph places this company in a category where growth is bounded by the physical rate at which its fixed conversion process can turn inputs into outputs, a ceiling that added demand alone cannot lift without added capacity. This is a prior CompanyGraph applies to the category the company has been placed in, not a measurement of this company's own stated capacity, approvals, inputs or talent, none of which its filing excerpt on file describes.
CompanyGraph places this company in a category where businesses are generally exposed to pressure from the cost and availability of the inputs they convert, from the need to keep conversion running near capacity so fixed costs are covered, and from compression between input costs and output prices. This is a framework-level reading based on the category assigned to the company rather than a measurement of pressures specific to it, and no company-specific disclosures about particular regulators, legal proceedings, or trade exposure are on file.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written September 2026. A question with no evidence behind it is left out rather than answered.
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The reported statements, read against the company's own industry.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
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