ZW Data Action Technologies (CNET)
Market Price (7/28/2026): $0.9201 | Market Cap: $3.0 MilSector: Communication Services | Industry: Advertising
ZW Data Action Technologies (CNET)
Market Price (7/28/2026): $0.9201Market Cap: $3.0 MilSector: Communication ServicesIndustry: Advertising
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% Megatrend and thematic driversMegatrends include Digital Advertising, E-commerce & Digital Retail, and Crypto & Blockchain. Themes include Ad-Tech Platforms, Show more. | Weak multi-year price returns2Y Excs Rtn is -101%, 3Y Excs Rtn is -145% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -39% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -75%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -38%, Rev Chg QQuarterly Revenue Change % is -77% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.9% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 99% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38% High stock price volatilityVol 12M is 121% Key risksCNET key risks include [1] potential Nasdaq delisting due to its failure to file required reports, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% |
| Megatrend and thematic driversMegatrends include Digital Advertising, E-commerce & Digital Retail, and Crypto & Blockchain. Themes include Ad-Tech Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -101%, 3Y Excs Rtn is -145% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -39% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -75%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -38%, Rev Chg QQuarterly Revenue Change % is -77% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.9% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 99% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38% |
| High stock price volatilityVol 12M is 121% |
| Key risksCNET key risks include [1] potential Nasdaq delisting due to its failure to file required reports, Show more. |
Qualitative Assessment
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ZW Data Action Technologies (CNET) stock has gained about 45% since 3/31/2026 because of the following key factors:
1. Rebound from an All-Time Low. The company's stock reached an all-time low of $0.57 on March 31, 2026. The subsequent approximate 45% gain since this date represents a significant recovery from a deeply oversold position.
2. Return to Profitability in Fiscal Q1 2026. ZW Data Action Technologies reported a net income of $126.00K USD for its fiscal Q1 2026, which ended March 31, 2026, a notable improvement from a net loss of -$494.00K USD in the preceding fiscal quarter. This swing to profitability likely served as a positive catalyst for investor sentiment.
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ZW Data Action Technologies (CNET) stock has gained about 45% since 3/31/2026 because of the following key factors:
1. Rebound from an All-Time Low. The company's stock reached an all-time low of $0.57 on March 31, 2026. The subsequent approximate 45% gain since this date represents a significant recovery from a deeply oversold position.
2. Return to Profitability in Fiscal Q1 2026. ZW Data Action Technologies reported a net income of $126.00K USD for its fiscal Q1 2026, which ended March 31, 2026, a notable improvement from a net loss of -$494.00K USD in the preceding fiscal quarter. This swing to profitability likely served as a positive catalyst for investor sentiment.
3. Strong Year-over-Year Revenue Growth in Fiscal Q1 2026. The company's revenue for fiscal Q1 2026 was $383.00 thousand, marking a substantial 76.82% increase year-over-year compared to the same period in the prior fiscal year. This significant growth in revenue, despite a sequential decline from the previous quarter, could have contributed to investor optimism regarding the company's performance.
4. Positive Analyst Sentiment and Technical Indicators. Technical analysis indicators suggest CNET could be considered a "Strong Buy," with an average analyst price target of $6.2217, indicating a potential 498.24% increase from the current price of $1.04. This optimistic outlook from analysts and strong technical signals may have fueled increased investor interest and buying activity.
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Stock Movement Drivers
Fundamental Drivers
The 44.7% change in CNET stock from 3/31/2026 to 7/27/2026 was primarily driven by a 99.2% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.69 | 1.00 | 44.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 3 | -27.5% |
| P/S Multiple | 0.5 | 1.0 | 99.2% |
| Shares Outstanding (Mil) | 3 | 3 | 0.2% |
| Cumulative Contribution | 44.7% |
Market Drivers
3/31/2026 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CNET | 44.7% | |
| Market (SPY) | 13.6% | 11.0% |
| Sector (XLC) | -2.9% | 9.5% |
Fundamental Drivers
The -26.5% change in CNET stock from 12/31/2025 to 7/27/2026 was primarily driven by a -45.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.36 | 1.00 | -26.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 3 | -45.8% |
| P/S Multiple | 0.6 | 1.0 | 66.6% |
| Shares Outstanding (Mil) | 3 | 3 | -18.6% |
| Cumulative Contribution | -26.5% |
Market Drivers
12/31/2025 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CNET | -26.5% | |
| Market (SPY) | 8.7% | 8.1% |
| Sector (XLC) | -8.3% | 11.8% |
Fundamental Drivers
The -33.8% change in CNET stock from 6/30/2025 to 7/27/2026 was primarily driven by a -75.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.51 | 1.00 | -33.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14 | 3 | -75.3% |
| P/S Multiple | 0.3 | 1.0 | 281.3% |
| Shares Outstanding (Mil) | 2 | 3 | -29.6% |
| Cumulative Contribution | -33.8% |
Market Drivers
6/30/2025 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CNET | -33.8% | |
| Market (SPY) | 20.6% | 12.3% |
| Sector (XLC) | 0.2% | 11.5% |
Fundamental Drivers
The -80.3% change in CNET stock from 6/30/2023 to 7/27/2026 was primarily driven by a -86.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.08 | 1.00 | -80.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 3 | -86.6% |
| P/S Multiple | 0.4 | 1.0 | 167.0% |
| Shares Outstanding (Mil) | 2 | 3 | -45.1% |
| Cumulative Contribution | -80.3% |
Market Drivers
6/30/2023 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CNET | -80.3% | |
| Market (SPY) | 72.6% | 9.3% |
| Sector (XLC) | 70.7% | 8.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CNET Return | -26% | -54% | -64% | -46% | -24% | -42% | -97% |
| Peers Return | -1% | -47% | 77% | 176% | -7% | -17% | 97% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| CNET Win Rate | 33% | 33% | 25% | 42% | 33% | 29% | |
| Peers Win Rate | 46% | 35% | 65% | 65% | 45% | 34% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| CNET Max Drawdown | -84% | -73% | -75% | -65% | -54% | -53% | |
| Peers Max Drawdown | -55% | -63% | -43% | -31% | -59% | -39% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTD, APP, MGNI, DV, QNST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/27/2026 (YTD)
How Low Can It Go
| Event | CNET | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.5% | -18.8% |
| % Gain to Breakeven | 36.1% | 23.1% |
| Time to Breakeven | 12 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -21.2% | -7.8% |
| % Gain to Breakeven | 27.0% | 8.5% |
| Time to Breakeven | 39 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -72.9% | -24.5% |
| % Gain to Breakeven | 268.6% | 32.4% |
| Time to Breakeven | 88 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.9% | -33.7% |
| % Gain to Breakeven | 121.6% | 50.9% |
| Time to Breakeven | 96 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -37.7% | -19.2% |
| % Gain to Breakeven | 60.4% | 23.8% |
| Time to Breakeven | 17 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.7% | -3.7% |
| % Gain to Breakeven | 44.3% | 3.9% |
| Time to Breakeven | 372 days | 6 days |
In The Past
ZW Data Action Technologies's stock fell -26.5% during the 2025 US Tariff Shock. Such a loss loss requires a 36.1% gain to breakeven.
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| Event | CNET | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.5% | -18.8% |
| % Gain to Breakeven | 36.1% | 23.1% |
| Time to Breakeven | 12 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -21.2% | -7.8% |
| % Gain to Breakeven | 27.0% | 8.5% |
| Time to Breakeven | 39 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -72.9% | -24.5% |
| % Gain to Breakeven | 268.6% | 32.4% |
| Time to Breakeven | 88 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.9% | -33.7% |
| % Gain to Breakeven | 121.6% | 50.9% |
| Time to Breakeven | 96 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -37.7% | -19.2% |
| % Gain to Breakeven | 60.4% | 23.8% |
| Time to Breakeven | 17 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.7% | -3.7% |
| % Gain to Breakeven | 44.3% | 3.9% |
| Time to Breakeven | 372 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.6% | -12.2% |
| % Gain to Breakeven | 29.1% | 13.9% |
| Time to Breakeven | 130 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -44.0% | -0.2% |
| % Gain to Breakeven | 78.6% | 0.2% |
| Time to Breakeven | 77 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -48.3% | -17.9% |
| % Gain to Breakeven | 93.3% | 21.8% |
| Time to Breakeven | 854 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -27.6% | -15.4% |
| % Gain to Breakeven | 38.1% | 18.2% |
| Time to Breakeven | 56 days | 125 days |
In The Past
ZW Data Action Technologies's stock fell -26.5% during the 2025 US Tariff Shock. Such a loss loss requires a 36.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ZW Data Action Technologies (CNET)
ZW Data Action Technologies Inc. (CNET) is a Chinese technology company that provides comprehensive omni-channel advertising, precision marketing, and data analysis management systems. Operating exclusively within the People's Republic of China, the company focuses on delivering digital marketing solutions designed to help businesses effectively promote their brands and expand their sales and distribution networks.
The company's main services include Internet advertising, precision marketing, and related data services, primarily offered through its proprietary online portals like 28.com and liansuo.com. These platforms equip advertisers with tools to build out sales channels by connecting them with prospective franchisees, sales agents, distributors, and resellers. Additionally, CNET provides broader digital business promotion, e-commerce online-to-offline (O2O) advertising, and marketing services.
ZW Data Action Technologies also incorporates advanced data analysis and offers valuable technical support to complement its marketing services. A significant aspect of its operations involves the research, development, and operation of blockchain technology-based products and services, integrating this emerging technology into its offerings. Its primary customers are businesses and advertisers across China seeking to enhance their digital presence, optimize their marketing strategies, and efficiently scale their sales and distribution channels.
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Here are 1-3 brief analogies to describe ZW Data Action Technologies (CNET):
It's like a Chinese version of Alibaba.com, but instead of trading goods, it's a B2B platform specialized in digital marketing, precision advertising, and connecting businesses with potential franchisees and sales agents.
Imagine a blend of Google Ads for digital marketing and a specialized LinkedIn for businesses looking to recruit franchisees and sales partners, all operating within China.
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ZW Data Action Technologies (CNET) offers the following major products and services:
- Omni-channel Advertising and Precision Marketing Systems: These systems provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.
- Internet Advertising and Data Services: The company offers internet advertising, precision marketing, and related data services primarily through its internet portals, 28.com and liansuo.com.
- Blockchain Technology-Based Products and Services: ZW Data Action Technologies develops and operates various products and services built upon blockchain technology.
- Digital Business Promotion and O2O E-commerce Advertising: This includes digital business promotion, online to offline advertising, marketing, and related value-added technical services for e-commerce.
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Major Customers of ZW Data Action Technologies (CNET)
ZW Data Action Technologies Inc. primarily sells its services and products to other companies. While the provided background information does not list the names of specific major customer companies, its customer base can be identified by the following categories of businesses:
- Advertisers: Businesses that utilize CNET's Internet portals (such as 28.com and liansuo.com) for omni-channel advertising, precision marketing, and data analysis services to promote their products and services in the People's Republic of China.
- Businesses Building Sales Channels: Companies seeking to establish or expand their sales networks through various models, including franchisees, sales agents, distributors, and/or resellers. CNET provides tools and services to facilitate the creation and management of these channels.
- E-commerce Businesses: Other online and offline (O2O) e-commerce entities that require digital business promotion, marketing, and related value-added technical services. This also includes businesses interested in CNET's blockchain technology-based products and services.
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Handong Cheng, Chairman, President, Chief Executive Officer
Mr. Cheng is the founder of ChinaNet. He has over 10 years of experience in the franchise and advertising media industries. In 2003, he participated in the establishment of Beijing ChinaNet On-line Advertising limited and Business Opportunity Online (Beijing) Networking Technology Ltd. (www.28.com), where he was involved in operational, administration, and management areas. He also holds a 55% equity interest in both Business Opportunity Online and Beijing CNET Online.
Zhige Zhang, Chief Financial Officer, Treasurer
Mr. Zhang possesses years of experience in capital market, financial, and software development management. Prior to joining ChinaNet, he was responsible for marketing and investment operations at Konka Group. In 2001, he began working in the software and network technology industry with PRECOM, integrating new advertising technology. In 2003, Mr. Zhang joined HSHZ (Beijing HSHZ Information System Engineering Co., Ltd) where he served as a director, Vice President, and COO before becoming the CFO of ChinaNet Online Holdings.
Chi Wa Chiu, Chief Operating Officer
Mr. Chiu has served as the Chief Operating Officer since July 2020. Since March 2019, he has been the Corporate Finance Partner of Whale Capital in Hong Kong. From October 2016, Mr. Chiu acted as Managing Partner of Minghing Financial Group in Hong Kong. His previous experience includes serving as Chief Financial Officer and Treasurer at Wealth Leading Limited in Hong Kong from April 2012 to September 2016, and as Assistant Vice President at Dah Sing Bank in Hong Kong from August 2009 to April 2012.
Mr. Wu, Chief Information Officer
Mr. Wu has served as the Chief Information Officer since February 2015. From 2012 to 2014, he served as the Managing Director of Trussti Technologies Pte Ltd. Prior to that, from 2010 to 2012, Mr. Wu was the Chief Technology Officer of Blackwell Global Investments (Cyprus) Limited.
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Key Risks to ZW Data Action Technologies (CNET)
ZW Data Action Technologies Inc. (CNET) faces several significant risks that could materially impact its business and financial performance. These risks primarily stem from its deteriorating financial health, the complex geopolitical and regulatory environment for Chinese companies listed in the U.S., and past issues with regulatory compliance.
- Significant Financial Deterioration and Sustained Operating Losses: The company has demonstrated a consistent pattern of poor financial performance. Its earnings have declined over the past five years, and it operates at a substantial loss with significant negative profit and EBIT margins, alongside an alarmingly low gross margin. Revenue has been on a steep decline, experiencing a substantial drop over the last three and five years. Furthermore, the company has been quickly burning through cash and has not been profitable over the past twelve months, raising concerns about its long-term viability. Shareholders have also experienced substantial dilution.
- Geopolitical Tensions, Chinese Regulatory Scrutiny, and Variable Interest Entity (VIE) Structure Risk: As a Chinese company listed in the U.S., CNET is exposed to escalating geopolitical tensions between the two countries, which can translate into new laws restricting cross-border capital and data flow. There is a systemic risk of sudden shifts in Chinese regulatory policy that could significantly impact the company's operations. Critically, CNET utilizes a Variable Interest Entity (VIE) structure, a contractual arrangement for Chinese companies to list on U.S. exchanges when direct foreign ownership is restricted. This structure is inherently risky, as Chinese authorities could potentially disallow it, which could render CNET securities worthless.
- History of Non-Compliance with NASDAQ Listing Requirements and Weak Internal Controls: ZW Data Action Technologies has previously faced non-compliance notices from NASDAQ for failing to timely file its annual and quarterly reports. While the company has since regained compliance by submitting the overdue documents, the initial failure to file signals potential weaknesses in its internal control and financial reporting processes. Such issues can impact investor confidence and, if recur, could lead to future delisting threats from NASDAQ.
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Clear emerging threats for ZW Data Action Technologies (CNET) include:
The increasing dominance and continuous innovation of large Chinese internet and technology giants (e.g., Alibaba, Tencent, ByteDance, Baidu) in the advertising, e-commerce, and data services sectors. These companies possess significantly larger user bases, more sophisticated data analytics, and deeply integrated ecosystems, posing a growing competitive challenge to CNET's omni-channel advertising, precision marketing, and data analysis management systems, particularly through its portals like 28.com and liansuo.com.
The evolving regulatory landscape in China regarding data privacy and usage (e.g., China's Personal Information Protection Law), coupled with global trends from major platform providers (e.g., Apple, Google) to restrict data tracking and the use of third-party cookies. As these restrictions emerge and become more stringent, CNET's ability to perform precision marketing and data analysis, which are central to its business model, could be significantly hampered.
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Addressable Markets for ZW Data Action Technologies (CNET)
ZW Data Action Technologies Inc. operates in the People's Republic of China, providing omni-channel advertising, precision marketing, data analysis management systems, internet advertising, digital business promotion, e-commerce online to offline advertising and marketing, and blockchain technology-based products and services.
Digital Advertising and Marketing Market (China)
The addressable market for ZW Data Action Technologies' advertising, precision marketing, and e-commerce marketing services in China is substantial. The China digital advertising market is projected to reach approximately US$145.39 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2030. More immediately, the digital ad spend market in China is expected to reach US$163.10 billion by 2026 and approximately US$266.62 billion by 2029. In 2024, China represented 10.9% of the global digital advertising market. The broader e-commerce market in China, which significantly drives advertising and marketing activities, reached an approximate value of USD 2.42 trillion in 2025 and is projected to grow to around USD 5.68 trillion by 2035. E-commerce platforms alone generated nearly $52 billion in ad revenue in China in 2023.
Blockchain Technology Services Market (China)
For its blockchain technology-based products and services, ZW Data Action Technologies operates within a rapidly expanding market in China. The China blockchain technology market generated a revenue of approximately USD 1.504 billion in 2024 and is forecast to reach approximately USD 71.9 billion by 2030, demonstrating an impressive CAGR of 91.4% from 2025 to 2030. In 2024, China accounted for 4.8% of the global blockchain technology market.
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ZW Data Action Technologies Inc. (CNET) is poised for future revenue growth driven by several strategic initiatives and market trends over the next two to three years:
- Increased Demand for Search Engine Marketing Services: A significant portion of ZW Data Action Technologies' revenue is derived from providing search engine marketing services. The lifting of COVID-19 related restrictions in China has led to improved advertising budgets and increased demand from small and medium-sized enterprises (SMEs) for these services, which contributed to a 16.6% revenue increase in 2023. This trend is expected to continue as the Chinese economy recovers and advertising investments by SMEs grow.
- Expansion of Blockchain-based SaaS Services: The company is actively developing and operating blockchain technology-based products and services, including its Blockchain Integrated Framework (BIF) platform launched in October 2021. This platform aims to provide comprehensive, one-stop blockchain-powered enterprise management solutions, such as NFT generations, data recording, sharing, and storage module subscriptions, to micro, small, and medium enterprises (MSMEs). Continued development and adoption of these blockchain-based SaaS services are anticipated to be a key revenue driver.
- Commercialization of AI-Powered Marketing Tools and Services: ZW Data Action Technologies has strategically partnered to integrate Artificial Intelligence (AI) into its marketing solutions. In March 2023, the company announced a collaboration with Chaineffect to develop AI-derived service products under the Aichat brand, expanding into areas like learning, health management, and e-commerce marketing. Additionally, a December 2023 partnership with Digital Life focuses on building an AI model for the franchise industry, aiming to deliver efficient marketing tools, content creation services, and AI digital humans to enhance marketing efficiency and personalization for clients. The rollout and adoption of these AI-powered tools are expected to open new market opportunities.
- Growth in Franchising and Brand Incubation Services: Through a partnership with Micro Connect established in December 2022, ZW Data Action Technologies is exploring solutions for chain store development. The company plans to leverage its expertise to incubate high-quality local brands in China and provide investment promotion and franchising services. This initiative aims to capitalize on the anticipated rebound in Chinese consumption and support the expansion of quality brand stores, thereby increasing the company's service offerings and profitability.
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Share Issuance
- ZW Data Action Technologies Inc. entered into various securities purchase agreements resulting in share issuances, including an agreement in January 2025 to sell 119,100 shares for $250,110 to Eternity Star Development Limited.
- In January 2025, the company also sold a total of 238,200 shares at $2.1 per share, amounting to $500,220, to Pearl River Partners Limited and Bezier Investments Limited.
- In September 2024, the company secured equity investments totaling $806,454 from Optimal Success Investments Limited, Amber Strong International Limited, and Fryhigh Fintech Holdings Limited, with each investing $268,818 for 358,424 shares of common stock.
Inbound Investments
- ZW Data Action Technologies Inc. received approximately $250,110 from Eternity Star Development Limited through a securities purchase agreement in January 2025.
- In January 2025, the company secured approximately $500,220 in investments from Pearl River Partners Limited and Bezier Investments Limited through equity sales.
- The company received approximately $806,454 in equity investments in September 2024 from Optimal Success Investments Limited, Amber Strong International Limited, and Fryhigh Fintech Holdings Limited.
Outbound Investments
- ZW Data Action Technologies plans to acquire Henan Baodun to expand its short video e-commerce capabilities.
- The company has expanded its portfolio through strategic partnerships, including a cooperation agreement with Chaineffect to develop AI-driven products and enhance its presence in the AI market across education and e-commerce sectors.
- ZW Data Action Technologies Inc. announced a joint development plan with Superwin Technology Pte. Ltd. to create a Web3.0 application service platform.
Capital Expenditures
- In the last 12 months (ending approximately March 2026), ZW Data Action Technologies Inc. reported capital expenditures of -$65,000.
- The company invested $0 in capital expenditures in Q3 2025.
- Around Q3 2025, capital expenditures were reported at $3,000.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can ZW Data Action Technologies Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 16.71 |
| Mkt Cap | 2.3 |
| Rev LTM | 973 |
| Op Inc LTM | 97 |
| FCF LTM | 115 |
| FCF 3Y Avg | 134 |
| CFO LTM | 145 |
| CFO 3Y Avg | 178 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.5% |
| Rev Chg 3Y Avg | 19.4% |
| Rev Chg Q | 10.7% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 65.1% |
| Op Inc Chg 3Y Avg | 94.5% |
| Op Mgn LTM | 13.2% |
| Op Mgn 3Y Avg | 8.4% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 19.4% |
| CFO/Rev 3Y Avg | 26.4% |
| FCF/Rev LTM | 12.8% |
| FCF/Rev 3Y Avg | 20.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Internet Ad and related service | 4 | 15 | 31 | 26 | 47 |
| Blockchain technology | 1 | 1 | 0 | 0 | |
| IP Services | 0 | 0 | |||
| Corporate | 0 | 0 | 0 | ||
| Inter-segment and reconciling item | 0 | 0 | 0 | 0 | |
| Ecommerce online to offline (O2O) Ad and marketing services | 0 | 0 | 1 | ||
| Total | 5 | 15 | 31 | 26 | 47 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Internet Ad and related service | 0 | -1 | -2 | -3 | -0 |
| IP Services | 0 | 0 | |||
| Blockchain technology | 0 | -0 | -1 | -2 | -0 |
| Inter-segment and reconciling item | 0 | 0 | 0 | ||
| Corporate | -2 | -2 | -3 | -4 | -10 |
| Ecommerce online to offline (O2O) Ad and marketing services | -0 | -2 | -3 | ||
| Total | -2 | -4 | -6 | -11 | -14 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Internet Ad and related service | 0 | -1 | -2 | -3 | -0 |
| IP Services | 0 | 0 | |||
| Blockchain technology | 0 | -0 | -1 | -2 | -0 |
| Inter-segment and reconciling item | 0 | 0 | 0 | 0 | |
| Corporate | -2 | -2 | -3 | -2 | 1 |
| Ecommerce online to offline (O2O) Ad and marketing services | -0 | -2 | -3 | ||
| Total | -2 | -4 | -6 | -10 | -3 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate | 34 | 34 | 35 | 39 | 44 |
| Internet Ad and related service | 9 | 8 | 8 | 10 | 12 |
| IP Services | 1 | 0 | |||
| Blockchain technology | 0 | 0 | 1 | 2 | 4 |
| Inter-segment and reconciling item | -34 | -32 | -33 | -32 | -30 |
| Ecommerce online to offline (O2O) Ad and marketing services | 0 | 0 | 2 | ||
| Total | 10 | 10 | 11 | 20 | 33 |
Price Behavior
| Market Price | $1.00 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/14/2009 | |
| Distance from 52W High | -60.8% | |
| 50 Days | 200 Days | |
| DMA Price | $0.91 | $1.14 |
| DMA Trend | down | up |
| Distance from DMA | 10.4% | -12.5% |
| 3M | 1YR | |
| Volatility | 154.3% | 121.5% |
| Downside Capture | 258.12 | 170.07 |
| Upside Capture | 353.60 | 85.07 |
| Correlation (SPY) | 13.7% | 12.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.69 | 1.16 | 0.72 | 0.61 | 1.10 | 0.64 |
| Up Beta | 5.01 | 4.80 | 1.12 | 0.43 | 0.75 | 0.31 |
| Down Beta | -3.70 | -3.37 | -2.75 | 0.05 | 1.72 | 0.96 |
| Up Capture | 608% | 443% | 290% | 90% | 77% | 12% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 17 | 29 | 53 | 111 | 320 |
| Down Capture | -199% | 71% | 100% | 114% | 119% | 103% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 10 | 22 | 32 | 67 | 128 | 385 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNET | |
|---|---|---|---|---|
| CNET | -33.7% | 121.4% | 0.18 | - |
| Sector ETF (XLC) | 0.1% | 14.5% | -0.21 | 12.0% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | 12.2% |
| Gold (GLD) | 20.8% | 28.1% | 0.66 | -1.3% |
| Commodities (DBC) | 29.6% | 19.5% | 1.21 | -3.6% |
| Real Estate (VNQ) | 13.9% | 14.1% | 0.69 | 1.1% |
| Bitcoin (BTCUSD) | -46.0% | 43.0% | -1.31 | 7.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNET | |
|---|---|---|---|---|
| CNET | -49.6% | 106.4% | -0.18 | - |
| Sector ETF (XLC) | 7.3% | 20.8% | 0.26 | 11.7% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 10.4% |
| Gold (GLD) | 17.2% | 18.4% | 0.75 | -0.2% |
| Commodities (DBC) | 9.7% | 19.5% | 0.38 | -5.7% |
| Real Estate (VNQ) | 3.3% | 18.9% | 0.07 | 5.4% |
| Bitcoin (BTCUSD) | 15.8% | 53.5% | 0.47 | 11.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNET | |
|---|---|---|---|---|
| CNET | -28.1% | 246.4% | 0.28 | - |
| Sector ETF (XLC) | 8.8% | 22.2% | 0.45 | 11.9% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 5.9% |
| Gold (GLD) | 11.4% | 16.1% | 0.58 | 0.7% |
| Commodities (DBC) | 6.9% | 18.0% | 0.30 | 0.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 0.7% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 5.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/28/2024 | 1.3% | -1.3% | 3.0% |
| 11/20/2023 | 2.2% | 4.4% | 12.4% |
| 8/21/2023 | 3.7% | 0.0% | -12.9% |
| 5/22/2023 | -0.7% | -9.1% | -10.5% |
| 11/18/2022 | -4.4% | -11.3% | -32.3% |
| 8/19/2022 | -25.0% | -30.4% | -4.5% |
| 5/17/2022 | -4.8% | 5.4% | 13.4% |
| 11/16/2021 | -1.4% | -14.9% | -16.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 5 |
| # Negative | 6 | 8 | 7 |
| Median Positive | 2.9% | 4.9% | 12.4% |
| Median Negative | -4.6% | -8.9% | -12.2% |
| Max Positive | 5.7% | 9.2% | 18.4% |
| Max Negative | -25.0% | -30.4% | -32.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/28/2024 | 1.3% | -1.3% | 3.0% |
| 11/20/2023 | 2.2% | 4.4% | 12.4% |
| 8/21/2023 | 3.7% | 0.0% | -12.9% |
| 5/22/2023 | -0.7% | -9.1% | -10.5% |
| 11/18/2022 | -4.4% | -11.3% | -32.3% |
| 8/19/2022 | -25.0% | -30.4% | -4.5% |
| 5/17/2022 | -4.8% | 5.4% | 13.4% |
| 11/16/2021 | -1.4% | -14.9% | -16.3% |
| 8/17/2021 | -5.3% | -8.6% | -9.9% |
| 5/20/2021 | 5.7% | 9.2% | 18.4% |
| 11/13/2020 | 1.4% | -1.4% | -12.2% |
| 8/14/2020 | 5.3% | -2.9% | 9.5% |
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 5 |
| # Negative | 6 | 8 | 7 |
| Median Positive | 2.9% | 4.9% | 12.4% |
| Median Negative | -4.6% | -8.9% | -12.2% |
| Max Positive | 5.7% | 9.2% | 18.4% |
| Max Negative | -25.0% | -30.4% | -32.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 07/29/2024 | 10-Q |
| 12/31/2023 | 06/28/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/18/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 07/29/2024 | 10-Q |
| 12/31/2023 | 06/28/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/18/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 04/15/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/19/2021 | 10-Q |
| 12/31/2020 | 04/13/2021 | 10-K |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 06/29/2020 | 10-Q |
| 12/31/2019 | 05/27/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
| 06/30/2019 | 08/19/2019 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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