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Hangzhou Huaxing Chuangye Communication Technology Co 300025.SZ · CNY
Communication Services · Shenzhen · 🇨🇳 China
4.84
-1.02%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥568.4m
FY2016FY2025
Net income
−CN¥146.3m
FY2016FY2025
Free cash flow
CN¥29.1m
FY2016FY2025
Shareholders' equity
CN¥431.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥568.4m | CN¥690.9m | CN¥705.4m | CN¥676.4m | CN¥716.5m | CN¥794.3m | CN¥1.05bn | CN¥1.36bn | CN¥1.14bn | CN¥1.31bn |
| Gross profit | CN¥48.6m | CN¥57.5m | CN¥94.5m | CN¥76.4m | CN¥102.0m | CN¥51.2m | CN¥107.7m | CN¥208.4m | CN¥283.4m | CN¥336.7m |
| Research and development | CN¥29.3m | CN¥38.4m | CN¥30.5m | CN¥27.2m | CN¥26.6m | CN¥30.6m | CN¥47.2m | CN¥55.1m | CN¥69.5m | CN¥65.0m |
| Operating income | −CN¥65.7m | −CN¥67.2m | −CN¥27.4m | CN¥24.1m | −CN¥6.4m | −CN¥124.8m | −CN¥151.5m | −CN¥20.6m | −CN¥142.1m | CN¥124.0m |
| Net income | −CN¥146.3m | −CN¥78.5m | −CN¥25.5m | CN¥14.0m | −CN¥24.7m | −CN¥150.1m | −CN¥213.8m | CN¥10.9m | −CN¥133.4m | CN¥75.0m |
| Diluted earnings per share | -0.29 | -0.15 | -0.05 | 0.03 | -0.06 | -0.35 | -0.50 | 0.03 | 422.57 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥785.6m | CN¥970.2m | CN¥1.01bn | CN¥937.5m | CN¥807.4m | CN¥959.8m | CN¥1.61bn | CN¥1.99bn | CN¥3.01bn | CN¥3.06bn |
| Cash and short-term investments | — | CN¥132.0m | CN¥167.4m | CN¥297.8m | CN¥52.6m | CN¥116.7m | CN¥170.8m | CN¥145.2m | CN¥400.6m | CN¥270.3m |
| Total liabilities | CN¥355.5m | CN¥387.8m | CN¥336.0m | CN¥263.9m | CN¥507.3m | CN¥635.4m | CN¥1.13bn | CN¥1.23bn | CN¥2.21bn | CN¥2.08bn |
| Debt | — | CN¥181.8m | CN¥151.7m | CN¥88.1m | CN¥212.8m | CN¥344.5m | CN¥484.8m | CN¥580.9m | CN¥1.16bn | CN¥981.7m |
| Shareholders' equity | CN¥431.1m | CN¥580.4m | CN¥670.5m | CN¥673.2m | CN¥298.7m | CN¥323.2m | CN¥476.8m | CN¥758.0m | CN¥741.4m | CN¥895.1m |
| Shares outstanding | 509m | 508m | 508m | 508m | 430m | 429m | 431m | 429m | — | 427m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥31.2m | −CN¥53.6m | −CN¥18.2m | CN¥82.8m | CN¥46.5m | −CN¥4.1m | CN¥138.7m | CN¥179.2m | CN¥68.2m | CN¥2.8m |
| Capital spending | −CN¥2.1m | −CN¥6.2m | −CN¥136.5m | −CN¥6.7m | −CN¥4.5m | −CN¥4.2m | −CN¥13.3m | −CN¥27.3m | −CN¥90.0m | −CN¥24.6m |
| Free cash flow | CN¥29.1m | −CN¥59.8m | −CN¥154.7m | CN¥76.0m | CN¥42.0m | −CN¥8.4m | CN¥125.5m | CN¥151.9m | −CN¥21.8m | −CN¥21.8m |
| Dividends paid | −CN¥5.3m | −CN¥5.6m | −CN¥3.7m | −CN¥9.6m | −CN¥14.4m | −CN¥20.9m | −CN¥29.9m | −CN¥61.2m | −CN¥73.0m | −CN¥54.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥132.8m | CN¥129.8m | CN¥129.1m | CN¥146.5m | CN¥158.2m | CN¥134.7m | CN¥188.6m | CN¥158.5m |
| Gross profit | CN¥22.7m | CN¥13.2m | CN¥940,664 | CN¥14.6m | CN¥19.4m | CN¥13.6m | CN¥4.6m | CN¥11.4m |
| Operating income | CN¥4.9m | −CN¥3.4m | −CN¥30.1m | −CN¥13.8m | −CN¥11.2m | −CN¥15.3m | −CN¥22.1m | −CN¥19.7m |
| Net income | −CN¥14.0m | −CN¥4.7m | −CN¥106.4m | −CN¥13.6m | −CN¥11.7m | −CN¥14.6m | −CN¥38.0m | −CN¥17.7m |
| Diluted earnings per share | -0.03 | -0.01 | -0.21 | -0.03 | -0.02 | -0.03 | -0.07 | -0.03 |
| Cash from operations | — | — | — | −CN¥2.0m | −CN¥4.0m | −CN¥29.0m | −CN¥5.0m | CN¥13.0m |
| Capital spending | — | — | — | −CN¥1.0m | — | — | −CN¥1.0m | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥3.0m | — | — | −CN¥6.0m | CN¥12.0m |
| Total assets | CN¥691.4m | CN¥730.8m | CN¥785.6m | CN¥897.5m | CN¥895.3m | CN¥943.1m | CN¥970.2m | CN¥961.5m |
| Cash and short-term investments | — | — | — | CN¥95.0m | CN¥91.3m | CN¥115.2m | CN¥132.0m | CN¥112.9m |
| Debt | — | — | — | CN¥148.2m | CN¥129.6m | CN¥194.7m | CN¥175.2m | CN¥144.6m |
| Shareholders' equity | CN¥411.7m | CN¥426.4m | CN¥431.1m | CN¥539.3m | CN¥552.8m | CN¥565.8m | CN¥580.4m | CN¥637.7m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 8.6% | 8.3% | 13.4% | 11.3% | 14.2% | 6.5% | — |
| Operating margin | -25.1% | -8.5% | -3.5% | 3.6% | -0.9% | -15.8% | — |
| Net margin | -25.7% | -11.4% | -3.6% | 2.1% | -3.4% | -18.9% | — |
| Return on equity | -33.9% | -13.5% | -3.8% | 2.1% | -8.3% | -46.4% | — |
| Return on assets | -18.6% | -8.1% | -2.5% | 1.5% | -3.1% | -15.6% | — |
| Free cash flow yield | 1.2% | -1.7% | 4.4% | 3.3% | 2.2% | 0.0% | — |
| Revenue growth | -17.7% | -2.1% | 4.3% | -5.6% | -9.8% | -24.1% | — |
| Earnings growth | 86.4% | 207.9% | -282.7% | -156.5% | -83.6% | -29.8% | — |
| Current ratio | 1.63x | 1.69x | 2.00x | 2.87x | 1.26x | 1.22x | — |
| Debt to equity | — | 0.30x | 0.22x | 0.13x | 0.71x | 1.07x | 1.02x |
| Equity ratio | 54.9% | 59.8% | 66.6% | 71.8% | 37.0% | 33.7% | — |
| Interest coverage | -26.83x | -9.44x | -5.41x | 2.09x | -0.34x | -4.60x | — |
| R&D as a share of sales | 5.1% | 5.6% | 4.3% | 4.0% | 3.7% | 3.8% | — |
| Buybacks as a share of market value | -0.3% | 0.1% | -0.1% | -18.2% | -0.3% | 0.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.6% | -6.5% | -7.8% |
| Operating income | — | -12.0% | — |
| Net income | — | -0.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.4% | 10.5% | 10.4% | 16.8% |
| Operating margin | -10.5% | -5.2% | -6.4% | -3.2% |
| Net margin | -17.9% | -8.9% | -9.9% | -5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.1 | -69.6 | -191.2 | 172.8 | -86.9 | -13.0 | -10.4 | 188.0 | 0.0 | 62.7 |
| Price to sales | 5.2 | 7.9 | 6.9 | 3.6 | 3.0 | 2.5 | 2.1 | 1.5 | — | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jul 2017.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.028 | 0.026 | 0.01 | 0.025 | 0.01 | 0.026 | 0.026 |
- 2-for-1 split · 3 Jun 2016
- 13-for-10 split · 22 May 2012
- 3-for-2 split · 22 Apr 2011
- 2-for-1 split · 28 Apr 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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