B 
Bright Future Technology Holdings 1351.HK · HKD
Communication Services · HKEX · 🇭🇰 Hong Kong
0.72
-2.70%
Close of 4 Nov 2026, in HKD
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥991.9m
FY2017FY2025
Net income
−CN¥54.8m
FY2017FY2025
Free cash flow
−CN¥24.5m
FY2017FY2025
Shareholders' equity
CN¥96.3m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥991.9m | CN¥890.2m | CN¥764.5m | CN¥379.9m | CN¥418.1m | CN¥327.9m | CN¥241.5m | CN¥254.9m | CN¥102.6m |
| Gross profit | CN¥34.6m | CN¥52.5m | CN¥69.0m | CN¥28.6m | CN¥83.5m | CN¥99.5m | CN¥69.7m | CN¥79.9m | CN¥39.5m |
| Research and development | CN¥864,000 | — | CN¥1.4m | CN¥4.1m | CN¥25.4m | CN¥20.1m | CN¥9.6m | CN¥13.2m | CN¥6.2m |
| Operating income | −CN¥50.7m | −CN¥1.4m | CN¥20.6m | −CN¥11.3m | CN¥15.2m | CN¥61.6m | CN¥38.8m | CN¥45.4m | CN¥31.0m |
| Net income | −CN¥54.8m | −CN¥5.6m | CN¥12.7m | −CN¥19.2m | −CN¥14.8m | CN¥57.7m | CN¥32.9m | CN¥42.4m | CN¥30.9m |
| Diluted earnings per share | -0.09 | -0.01 | 0.03 | -0.04 | -0.03 | 0.14 | 0.07 | 0.08 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥429.1m | CN¥384.9m | CN¥410.1m | CN¥306.9m | CN¥499.7m | CN¥494.9m | CN¥289.2m | CN¥248.5m | CN¥86.6m |
| Cash and short-term investments | CN¥39.9m | CN¥13.6m | CN¥38.7m | CN¥63.4m | CN¥99.7m | CN¥83.2m | CN¥20.6m | CN¥12.2m | CN¥9.0m |
| Total liabilities | CN¥332.8m | CN¥262.7m | CN¥283.9m | CN¥194.2m | CN¥246.5m | CN¥242.7m | CN¥178.8m | CN¥165.6m | CN¥50.4m |
| Debt | CN¥224.1m | CN¥149.6m | CN¥150.3m | CN¥111.4m | CN¥74.3m | CN¥65.2m | CN¥9.0m | CN¥10.8m | CN¥5.1m |
| Shareholders' equity | CN¥96.3m | CN¥122.2m | CN¥126.2m | CN¥112.7m | CN¥253.2m | CN¥252.2m | CN¥110.4m | CN¥82.9m | CN¥36.2m |
| Shares outstanding | 597m | 571m | 483m | 480m | 485m | 410m | 500m | 500m | 500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥24.5m | −CN¥21.0m | −CN¥55.2m | CN¥60.7m | CN¥53.1m | −CN¥69.9m | −CN¥10.5m | −CN¥644,000 | CN¥3.1m |
| Capital spending | −CN¥26,298 | −CN¥253,566 | −CN¥203,880 | −CN¥119,073 | −CN¥2.0m | −CN¥895,189 | −CN¥1.0m | −CN¥234,000 | −CN¥420,000 |
| Free cash flow | −CN¥24.5m | −CN¥21.3m | −CN¥55.4m | CN¥60.5m | CN¥51.1m | −CN¥70.7m | −CN¥11.5m | −CN¥878,000 | CN¥2.7m |
| Dividends paid | — | — | −CN¥1.3m | −CN¥92.2m | — | — | — | −CN¥30.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥122.8m | CN¥323.8m | CN¥668.1m | CN¥478.8m | CN¥411.4m | CN¥369.3m | CN¥395.2m | CN¥195.6m |
| Gross profit | CN¥5.7m | CN¥2.2m | CN¥32.3m | CN¥26.4m | CN¥26.1m | CN¥36.6m | CN¥32.4m | −CN¥1.3m |
| Operating income | −CN¥9.5m | −CN¥52.1m | CN¥1.1m | −CN¥6.8m | CN¥5.5m | CN¥9.0m | CN¥11.6m | −CN¥21.4m |
| Net income | −CN¥8.5m | −CN¥53.1m | −CN¥1.7m | −CN¥8.6m | CN¥3.0m | CN¥5.0m | CN¥7.7m | −CN¥23.0m |
| Diluted earnings per share | -0.01 | -0.09 | -0.00 | -0.02 | 0.01 | 0.01 | 0.02 | -0.05 |
| Cash from operations | CN¥99.0m | CN¥27.0m | −CN¥52.0m | −CN¥4.0m | −CN¥16.0m | CN¥10.0m | −CN¥65.0m | CN¥8.0m |
| Capital spending | −CN¥1.0m | — | — | — | — | — | — | — |
| Free cash flow | CN¥98.0m | — | — | — | — | — | — | — |
| Total assets | CN¥265.5m | CN¥429.1m | CN¥580.1m | CN¥384.9m | CN¥476.4m | CN¥410.1m | CN¥358.3m | CN¥306.9m |
| Cash and short-term investments | CN¥10.7m | CN¥39.9m | CN¥15.5m | CN¥13.6m | CN¥9.2m | CN¥38.7m | CN¥9.9m | CN¥63.4m |
| Debt | CN¥87.6m | CN¥223.3m | CN¥228.4m | CN¥149.6m | CN¥145.3m | CN¥150.3m | CN¥127.7m | CN¥111.4m |
| Shareholders' equity | CN¥86.9m | CN¥96.3m | CN¥142.8m | CN¥122.2m | CN¥164.5m | CN¥126.2m | CN¥118.7m | CN¥112.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.0% | 24.7% | — |
| Operating income | 65.1% | — | — |
| Net income | 41.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.6% | 6.1% | 9.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -17.0 | -83.0 | 42.8 | -36.8 | -109.3 | 62.4 |
| Price to sales | 0.9 | 0.5 | 0.7 | 1.9 | 4.0 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Sept 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.003 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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