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Gushengtang Holdings 2273.HK · HKD

Health Care · HKEX · 🇭🇰 Hong Kong

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29.74

+1.43%

Close of 9 Nov 2026, in HKD

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At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥3.78bn

FY2018FY2025

Net income

CN¥410.5m

FY2018FY2025

Free cash flow

CN¥561.7m

FY2018FY2025

Shareholders' equity

CN¥2.53bn

FY2018FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
RevenueCN¥3.78bnCN¥3.52bnCN¥2.70bnCN¥1.89bnCN¥1.60bnCN¥1.08bnCN¥1.04bnCN¥845.2m
Research and development—————CN¥3.5mCN¥3.7mCN¥3.5m
Operating incomeCN¥521.4mCN¥414.3mCN¥332.8mCN¥227.6m−CN¥103.3mCN¥112.8m−CN¥172.8m−CN¥197.8m
Net incomeCN¥410.5mCN¥357.0mCN¥293.5mCN¥210.5m−CN¥590.1m−CN¥297.6m−CN¥172.3m−CN¥201.3m
Diluted earnings per share1.721.411.210.88-4.22-3.82-0.75-0.87

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total assetsCN¥4.65bnCN¥4.25bnCN¥3.93bnCN¥3.04bnCN¥2.78bnCN¥1.68bnCN¥1.28bnCN¥1.22bn
Cash and short-term investmentsCN¥1.33bnCN¥1.33bnCN¥1.55bnCN¥1.19bnCN¥1.20bnCN¥415.9mCN¥221.6mCN¥167.6m
Total liabilitiesCN¥2.11bnCN¥1.49bnCN¥1.25bnCN¥1.04bnCN¥980.3mCN¥3.00bnCN¥2.41bnCN¥2.17bn
DebtCN¥912.4mCN¥508.6mCN¥370.6mCN¥351.3mCN¥345.4mCN¥2.07bnCN¥1.67bnCN¥1.43bn
Shareholders' equityCN¥2.53bnCN¥2.77bnCN¥2.68bnCN¥2.00bnCN¥1.80bn−CN¥1.32bn−CN¥1.13bn−CN¥952.2m
Shares outstanding239m253m242m240m140m78m230m230m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash from operationsCN¥678.0mCN¥526.5mCN¥477.3mCN¥327.0mCN¥218.5mCN¥180.3mCN¥153.9mCN¥35.8m
Capital spending−CN¥116.3m−CN¥105.4m−CN¥90.5m−CN¥43.0m−CN¥57.9m−CN¥21.6m−CN¥6.4m−CN¥27.4m
Free cash flowCN¥561.7mCN¥421.0mCN¥386.8mCN¥284.0mCN¥160.6mCN¥158.6mCN¥147.5mCN¥8.4m
Dividends paid−CN¥185.3m−CN¥32.9m−CN¥104.5m—————

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Dec 2022
RevenueCN¥1.90bnCN¥2.04bnCN¥1.74bnCN¥1.93bnCN¥1.59bnCN¥1.56bnCN¥1.15bnCN¥1.07bn
Operating incomeCN¥223.7mCN¥304.4mCN¥217.0mCN¥262.2mCN¥152.1mCN¥199.0mCN¥100.0mCN¥155.0m
Net incomeCN¥253.3mCN¥234.1mCN¥176.5mCN¥232.7mCN¥124.4mCN¥185.0mCN¥108.5mCN¥148.1m
Diluted earnings per share1.050.980.740.920.490.760.450.62
Cash from operations—CN¥380.0mCN¥344.0mCN¥363.0mCN¥163.0mCN¥368.0mCN¥108.0mCN¥245.0m
Capital spending—−CN¥60.0m−CN¥58.0m−CN¥58.0m−CN¥45.0m−CN¥45.0m−CN¥43.0m−CN¥20.0m
Free cash flow—CN¥320.0mCN¥286.0mCN¥305.0mCN¥118.0mCN¥323.0mCN¥65.0mCN¥225.0m
Total assetsCN¥5.08bnCN¥4.65bnCN¥4.53bnCN¥4.25bnCN¥3.95bnCN¥3.93bnCN¥3.67bnCN¥3.04bn
Cash and short-term investmentsCN¥1.51bnCN¥1.33bnCN¥1.45bnCN¥1.33bnCN¥1.36bnCN¥1.55bnCN¥1.48bnCN¥1.19bn
DebtCN¥1.09bnCN¥912.4mCN¥744.5mCN¥591.8mCN¥423.9mCN¥431.3mCN¥400.9mCN¥408.8m
Shareholders' equityCN¥2.19bnCN¥2.53bnCN¥2.77bnCN¥2.77bnCN¥2.71bnCN¥2.68bnCN¥2.66bnCN¥2.00bn

Financial ratios

Data as of 12 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin13.1%11.4%13.3%13.3%-6.5%10.5%——
Net margin10.9%10.2%10.9%11.1%-37.0%-27.6%——
Return on equity16.2%12.9%10.9%10.5%-32.7%22.6%——
Return on assets8.8%8.4%7.5%6.9%-21.2%-17.7%——
Free cash flow yield10.4%7.8%7.3%4.8%6.2%8.1%——
Revenue growth7.5%30.1%43.0%18.4%48.3%3.3%——
Earnings growth15.0%21.6%39.5%-135.7%98.3%72.8%——
Current ratio1.61x2.37x2.59x2.45x2.49x0.30x——
Debt to equity0.19x0.08x0.04x0.07x0.09x-0.63x——
Equity ratio54.4%65.0%68.2%65.8%64.8%-78.4%——
Interest coverage16.22x19.57x12.11x12.28x-3.12x2.89x——
R&D as a share of sales—————0.3%0.4%0.4%
Buybacks as a share of market value5.7%-4.7%-0.8%-71.8%-79.1%66.1%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue26.0%28.6%—
Operating income31.8%35.8%—
Net income24.9%——

Average margins

Over each period

1 year3 years5 years10 years
Operating margin12.8%12.6%10.3%—
Net margin10.5%10.7%2.6%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021
Price to earnings14.421.136.550.7-8.5
Price to sales1.62.14.05.63.1

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 24 Jun 2026.

FY2026FY2025FY2024FY2023
Paid in the year0.5990.760.130.41

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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