M 
Montnets Cloud Technology Group Co 002123.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
7.36
-2.13%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.61bn
FY2016FY2025
Net income
−CN¥216.6m
FY2016FY2025
Free cash flow
CN¥165.6m
FY2016FY2025
Shareholders' equity
CN¥1.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.61bn | CN¥4.40bn | CN¥5.23bn | CN¥4.16bn | CN¥3.18bn | CN¥2.74bn | CN¥3.20bn | CN¥2.77bn | CN¥2.55bn | CN¥2.80bn |
| Gross profit | CN¥296.6m | CN¥445.3m | CN¥328.6m | CN¥388.2m | CN¥414.3m | CN¥430.4m | CN¥605.4m | CN¥667.0m | CN¥727.8m | CN¥828.7m |
| Research and development | CN¥98.3m | CN¥94.2m | CN¥105.8m | CN¥135.0m | CN¥142.0m | CN¥96.8m | CN¥134.8m | CN¥137.4m | CN¥112.3m | CN¥112.0m |
| Operating income | — | CN¥68.8m | −CN¥147.7m | −CN¥737.7m | −CN¥230.9m | CN¥119.0m | −CN¥128.4m | CN¥105.0m | CN¥293.4m | CN¥169.1m |
| Net income | −CN¥216.6m | CN¥38.2m | −CN¥1.82bn | −CN¥722.1m | −CN¥238.1m | CN¥101.2m | −CN¥278.1m | CN¥78.6m | CN¥240.5m | CN¥256.1m |
| Diluted earnings per share | -0.27 | 0.05 | -2.18 | -0.90 | -0.30 | 0.11 | -0.33 | 0.09 | 0.29 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.10bn | CN¥3.96bn | CN¥4.35bn | CN¥6.29bn | CN¥6.24bn | CN¥6.53bn | CN¥5.96bn | CN¥6.65bn | CN¥6.76bn | CN¥6.97bn |
| Cash and short-term investments | — | CN¥1.02bn | CN¥1.06bn | CN¥1.49bn | CN¥820.4m | CN¥1.41bn | CN¥735.2m | CN¥591.7m | CN¥539.3m | CN¥820.1m |
| Total liabilities | CN¥1.49bn | CN¥2.23bn | CN¥2.72bn | CN¥2.86bn | CN¥2.02bn | CN¥2.06bn | CN¥1.78bn | CN¥2.07bn | CN¥1.84bn | CN¥1.83bn |
| Debt | CN¥166.7m | CN¥1.39bn | CN¥1.94bn | CN¥2.12bn | CN¥1.34bn | CN¥977.0m | CN¥623.0m | CN¥829.2m | CN¥561.8m | CN¥617.4m |
| Shareholders' equity | CN¥1.57bn | CN¥1.71bn | CN¥1.63bn | CN¥3.43bn | CN¥4.21bn | CN¥4.46bn | CN¥4.18bn | CN¥4.55bn | CN¥4.90bn | CN¥5.14bn |
| Shares outstanding | 805m | 771m | 838m | 802m | 782m | 946m | 839m | 830m | 821m | 802m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥182.0m | CN¥502.9m | −CN¥398.9m | CN¥47.5m | −CN¥681.5m | CN¥397.1m | CN¥137.8m | CN¥251.9m | CN¥249.1m | CN¥312.8m |
| Capital spending | −CN¥16.4m | −CN¥11.6m | −CN¥10.0m | −CN¥46.7m | −CN¥76.1m | −CN¥146.5m | −CN¥94.0m | −CN¥45.8m | −CN¥50.2m | −CN¥313.2m |
| Free cash flow | CN¥165.6m | CN¥491.3m | −CN¥408.9m | CN¥826,332 | −CN¥757.7m | CN¥250.6m | CN¥43.9m | CN¥206.1m | CN¥198.9m | −CN¥331,080 |
| Dividends paid | −CN¥28.1m | −CN¥58.2m | −CN¥42.4m | −CN¥31.4m | −CN¥14.8m | −CN¥18.3m | −CN¥26.4m | −CN¥35.3m | −CN¥132.6m | −CN¥69.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥561.2m | CN¥561.5m | CN¥542.7m | CN¥527.5m | CN¥818.3m | CN¥720.8m | CN¥1.10bn | CN¥976.9m |
| Gross profit | CN¥60.2m | CN¥66.0m | CN¥49.0m | CN¥54.1m | CN¥92.5m | CN¥101.0m | CN¥148.7m | CN¥101.0m |
| Operating income | −CN¥38.9m | −CN¥21.2m | −CN¥92.5m | −CN¥59.6m | −CN¥603,173 | CN¥9.0m | CN¥4.0m | CN¥32.2m |
| Net income | −CN¥53.4m | −CN¥44.0m | −CN¥158.4m | −CN¥67.5m | CN¥5.5m | CN¥3.7m | CN¥7.7m | CN¥21.2m |
| Diluted earnings per share | -0.07 | -0.05 | -0.20 | -0.08 | 0.01 | 0.00 | 0.01 | 0.03 |
| Cash from operations | — | — | — | CN¥51.0m | CN¥133.0m | CN¥53.0m | −CN¥346.0m | CN¥215.0m |
| Capital spending | — | — | −CN¥1.0m | −CN¥1.0m | −CN¥5.0m | −CN¥8.0m | −CN¥6.0m | — |
| Free cash flow | — | — | — | CN¥50.0m | CN¥128.0m | CN¥45.0m | −CN¥352.0m | — |
| Total assets | CN¥3.12bn | CN¥3.24bn | CN¥3.10bn | CN¥3.29bn | CN¥3.56bn | CN¥3.78bn | CN¥3.96bn | CN¥4.03bn |
| Cash and short-term investments | — | — | — | CN¥925.0m | CN¥1.14bn | CN¥1.02bn | CN¥1.02bn | CN¥1.26bn |
| Debt | CN¥160.1m | CN¥163.2m | CN¥166.7m | CN¥904.1m | CN¥1.25bn | CN¥1.29bn | CN¥1.39bn | CN¥1.52bn |
| Shareholders' equity | CN¥1.47bn | CN¥1.52bn | CN¥1.57bn | CN¥1.73bn | CN¥1.79bn | CN¥1.77bn | CN¥1.71bn | CN¥1.66bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.4% | 10.1% | 6.3% | 9.3% | 13.0% | 15.7% |
| Operating margin | -5.9% | 1.6% | -2.8% | -0.5% | 0.5% | 2.9% |
| Net margin | -8.3% | 0.9% | -34.8% | -17.4% | -7.5% | 3.7% |
| Return on equity | -13.8% | 2.2% | -112.1% | -21.1% | -5.7% | 2.3% |
| Return on assets | -7.0% | 1.0% | -41.9% | -11.5% | -3.8% | 1.5% |
| Free cash flow yield | 3.3% | 9.0% | -6.3% | 1.6% | -10.5% | 7.8% |
| Revenue growth | -40.8% | -15.9% | 25.9% | 30.9% | 16.1% | -14.5% |
| Earnings growth | -667.6% | -102.1% | 152.4% | 203.2% | -335.4% | -136.4% |
| Current ratio | 1.75x | 1.54x | 1.38x | 1.35x | 1.55x | 1.68x |
| Debt to equity | 0.11x | 0.81x | 1.19x | 0.61x | 0.32x | 0.22x |
| Equity ratio | 50.4% | 43.3% | 37.4% | 54.5% | 67.4% | 68.2% |
| Interest coverage | -4.37x | 1.35x | -2.66x | -0.40x | 0.52x | 2.70x |
| R&D as a share of sales | 3.8% | 2.1% | 2.0% | 3.2% | 4.5% | 3.5% |
| Buybacks as a share of market value | -4.5% | 8.0% | -4.4% | -2.6% | 17.3% | -12.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.4% | -0.9% | 3.8% |
| Net income | -33.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.6% | 8.9% | 10.3% | 16.4% |
| Net margin | -2.5% | -16.6% | -12.8% | -7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -45.2 | 218.3 | -5.1 | -12.5 | -56.5 | 133.0 | -57.7 | 75.3 | 35.3 | 47.0 |
| Price to sales | 3.8 | 1.9 | 1.8 | 2.2 | 4.2 | 4.9 | 5.0 | 2.1 | 3.3 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 Jan 2024.
| FY2023 | FY2017 | FY2014 | FY2009 | FY2008 | |
|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.12 | 0.02 | 0.056 | 0.007 |
- 3-for-2 split · 29 Apr 2011
- 3-for-2 split · 19 Apr 2010
- 8-for-5 split · 10 Apr 2009
- 2-for-1 split · 16 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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