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CaoCao 2643.HK · HKD

Industrials · HKEX · 🇭🇰 Hong Kong

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9.90

+2.17%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥20.19bn

FY2022FY2025

Net income

−CN¥635.4m

FY2022FY2025

Free cash flow

−CN¥97.5m

FY2022FY2025

Shareholders' equity

−CN¥3.90bn

FY2022FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022
RevenueCN¥20.19bnCN¥14.66bnCN¥10.67bnCN¥7.63bn
Gross profitCN¥1.89bnCN¥1.19bnCN¥615.4m−CN¥339.0m
Research and developmentCN¥206.3mCN¥234.5mCN¥339.5mCN¥225.2m
Operating income−CN¥463.3m−CN¥800.5m−CN¥1.58bn−CN¥1.87bn
Net income−CN¥635.4m−CN¥1.25bn−CN¥1.92bn−CN¥1.97bn
Diluted earnings per share-1.12-2.30-3.29-3.39

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022
Total assetsCN¥5.15bnCN¥4.08bnCN¥5.07bnCN¥4.67bn
Cash and short-term investmentsCN¥1.56bnCN¥159.5mCN¥583.0mCN¥380.0m
Total liabilitiesCN¥9.06bnCN¥11.05bnCN¥11.20bnCN¥9.79bn
DebtCN¥1.97bnCN¥4.40bnCN¥4.51bnCN¥3.82bn
Shareholders' equity−CN¥3.90bn−CN¥6.97bn−CN¥6.12bn−CN¥5.13bn
Shares outstanding565m544m583m583m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022
Cash from operationsCN¥378.3mCN¥235.9mCN¥136.4m−CN¥1.13bn
Capital spending−CN¥475.8m−CN¥297.4m−CN¥1.91bn−CN¥743.5m
Free cash flow−CN¥97.5m−CN¥61.5m−CN¥1.77bn−CN¥1.87bn

Latest quarters

By quarter end

Dec 2025Jun 2025Jun 2024
RevenueCN¥10.73bnCN¥9.46bnCN¥6.16bn
Gross profitCN¥1.09bnCN¥796.0mCN¥428.5m
Operating incomeCN¥30.9m−CN¥494.2m−CN¥507.0m
Net income−CN¥140.4m−CN¥495.0m−CN¥766.8m
Diluted earnings per share-0.25-0.88-1.41
Cash from operationsCN¥378.0mCN¥325.0mCN¥122.0m
Capital spending−CN¥475.0m−CN¥269.0m−CN¥187.0m
Free cash flow−CN¥97.0mCN¥56.0m−CN¥65.0m
Total assetsCN¥5.15bnCN¥6.16bn—
Cash and short-term investmentsCN¥1.56bnCN¥2.20bn—
DebtCN¥1.97bnCN¥5.07bn—
Shareholders' equity−CN¥3.90bn−CN¥3.77bn—

Financial ratios

Data as of 28 Sept 2026

FY2025FY2024FY2023FY2022
Gross margin9.4%8.1%5.8%-4.4%
Operating margin-1.6%-5.5%-15.4%-24.6%
Net margin-3.1%-8.5%-18.0%-25.8%
Return on equity16.3%17.9%31.3%38.5%
Return on assets-12.3%-30.7%-37.8%-42.3%
Free cash flow yield12.7%8.3%——
Revenue growth37.7%37.4%39.8%—
Earnings growth-49.2%-34.7%-2.8%—
Current ratio0.42x0.16x0.26x0.25x
Debt to equity-0.49x-0.62x-0.72x-0.72x
Equity ratio-75.8%-170.9%-120.7%-109.9%
Interest coverage-1.17x-889.45x-5.26x-73.44x
R&D as a share of sales1.0%1.6%3.2%3.0%
Buybacks as a share of market value-3.9%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue40.6%——
Operating income-37.1%——
Net income-31.4%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin8.8%6.3%——

Valuation history

At each fiscal year end

FY2025
Price to earnings-23.1
Price to sales0.7

Sources and methodology

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

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