C 
China Merchants Expressway Network Technology Holdings Co 001965.SZ · CNY
Industrials · Shenzhen · 🇨🇳 China
10.33
-0.39%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥13.36bn
FY2016FY2025
Net income
CN¥4.61bn
FY2016FY2025
Free cash flow
CN¥5.35bn
FY2016FY2025
Shareholders' equity
CN¥74.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.36bn | CN¥12.71bn | CN¥9.73bn | CN¥8.30bn | CN¥8.63bn | CN¥7.07bn | CN¥8.29bn | CN¥6.76bn | CN¥5.34bn | CN¥5.05bn |
| Gross profit | CN¥3.99bn | CN¥4.33bn | CN¥3.58bn | CN¥2.91bn | CN¥3.57bn | CN¥2.47bn | CN¥3.55bn | CN¥3.04bn | CN¥2.33bn | CN¥2.23bn |
| Research and development | CN¥174.9m | CN¥312.4m | CN¥360.5m | CN¥358.4m | CN¥263.8m | CN¥196.7m | CN¥206.8m | CN¥95.3m | CN¥113.5m | CN¥113.2m |
| Operating income | — | CN¥3.12bn | CN¥2.65bn | CN¥2.08bn | CN¥2.75bn | CN¥1.79bn | CN¥5.37bn | CN¥2.45bn | CN¥1.78bn | CN¥1.68bn |
| Net income | CN¥4.61bn | CN¥5.32bn | CN¥6.77bn | CN¥4.86bn | CN¥4.97bn | CN¥2.22bn | CN¥4.35bn | CN¥3.91bn | CN¥3.37bn | CN¥2.94bn |
| Diluted earnings per share | 0.68 | 0.77 | 1.00 | 0.69 | 0.73 | 0.36 | 0.70 | 0.63 | 0.60 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥162.42bn | CN¥159.17bn | CN¥157.48bn | CN¥114.94bn | CN¥98.32bn | CN¥94.01bn | CN¥91.02bn | CN¥84.08bn | CN¥65.17bn | CN¥55.36bn |
| Cash and short-term investments | — | CN¥9.25bn | CN¥8.93bn | CN¥4.38bn | CN¥6.39bn | CN¥6.80bn | CN¥6.65bn | CN¥7.08bn | CN¥7.07bn | CN¥3.22bn |
| Total liabilities | CN¥70.79bn | CN¥70.39bn | CN¥75.34bn | CN¥47.26bn | CN¥35.00bn | CN¥34.28bn | CN¥36.98bn | CN¥34.29bn | CN¥18.81bn | CN¥12.08bn |
| Debt | — | CN¥59.19bn | CN¥63.19bn | CN¥37.44bn | CN¥26.73bn | CN¥26.25bn | CN¥25.97bn | CN¥25.72bn | CN¥10.85bn | CN¥6.58bn |
| Shareholders' equity | CN¥74.28bn | CN¥71.23bn | CN¥65.05bn | CN¥60.54bn | CN¥58.33bn | CN¥54.95bn | CN¥49.44bn | CN¥45.46bn | CN¥43.26bn | CN¥37.31bn |
| Shares outstanding | 6,802m | 6,912m | 6,774m | 7,085m | 6,830m | 6,177m | 6,179m | 6,178m | 5,623m | 5,622m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥6.51bn | CN¥7.12bn | CN¥4.44bn | CN¥3.88bn | CN¥4.62bn | CN¥3.22bn | CN¥4.32bn | CN¥3.68bn | CN¥2.98bn | CN¥2.31bn |
| Capital spending | −CN¥1.16bn | −CN¥1.25bn | −CN¥538.9m | −CN¥748.2m | −CN¥767.6m | −CN¥1.49bn | −CN¥835.6m | −CN¥760.4m | −CN¥577.4m | −CN¥620.2m |
| Free cash flow | CN¥5.35bn | CN¥5.87bn | CN¥3.90bn | CN¥3.13bn | CN¥3.85bn | CN¥1.73bn | CN¥3.48bn | CN¥2.92bn | CN¥2.40bn | CN¥1.69bn |
| Dividends paid | −CN¥4.49bn | −CN¥5.56bn | −CN¥3.93bn | −CN¥3.45bn | −CN¥2.17bn | −CN¥2.85bn | −CN¥1.57bn | −CN¥2.30bn | −CN¥1.53bn | −CN¥3.46bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.63bn | CN¥3.56bn | CN¥4.66bn | CN¥3.04bn | CN¥2.86bn | CN¥2.80bn | CN¥3.63bn | CN¥3.09bn |
| Gross profit | CN¥858.6m | CN¥920.0m | CN¥1.01bn | CN¥1.05bn | CN¥904.1m | CN¥1.02bn | CN¥882.4m | CN¥1.24bn |
| Operating income | CN¥631.5m | CN¥690.7m | CN¥655.2m | CN¥796.3m | CN¥683.5m | CN¥798.8m | CN¥1.33bn | CN¥1.03bn |
| Net income | CN¥1.26bn | CN¥1.35bn | CN¥597.8m | CN¥1.51bn | CN¥1.17bn | CN¥1.33bn | CN¥1.16bn | CN¥1.45bn |
| Diluted earnings per share | 0.18 | 0.20 | 0.09 | 0.22 | 0.17 | 0.20 | 0.17 | 0.21 |
| Cash from operations | — | — | — | CN¥3.33bn | CN¥1.56bn | CN¥1.35bn | CN¥1.97bn | CN¥2.12bn |
| Capital spending | −CN¥507.0m | −CN¥675.0m | −CN¥656.0m | −CN¥210.0m | −CN¥175.0m | −CN¥121.0m | −CN¥772.0m | −CN¥246.0m |
| Free cash flow | — | — | — | CN¥3.12bn | CN¥1.39bn | CN¥1.23bn | CN¥1.20bn | CN¥1.88bn |
| Total assets | CN¥164.85bn | CN¥163.63bn | CN¥162.42bn | CN¥160.88bn | CN¥160.44bn | CN¥159.55bn | CN¥159.17bn | CN¥158.97bn |
| Cash and short-term investments | — | — | — | CN¥10.22bn | CN¥10.56bn | CN¥9.39bn | CN¥9.25bn | CN¥6.60bn |
| Debt | CN¥45.40bn | CN¥47.73bn | CN¥48.44bn | CN¥4.37bn | CN¥56.53bn | CN¥56.99bn | CN¥57.40bn | CN¥58.97bn |
| Shareholders' equity | CN¥76.00bn | CN¥75.45bn | CN¥74.28bn | CN¥66.84bn | CN¥70.51bn | CN¥72.50bn | CN¥71.23bn | CN¥69.69bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.2% | 13.6% | 17.1% |
| Net income | -1.8% | 15.7% | 4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.9% | 33.6% | 34.9% | 38.0% |
| Net margin | 38.1% | 48.9% | 48.1% | 52.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.8 | 18.1 | 9.8 | 11.3 | 10.5 | 19.1 | 12.5 | 12.7 | 23.1 |
| Price to sales | 5.1 | 7.6 | 6.8 | 6.6 | 6.1 | 6.0 | 6.5 | 7.3 | 14.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 31 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.373 | 0.417 | 0.531 | 0.414 | 0.346 | 0.177 | 0.28 | 0.254 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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