H 
Hangzhou Shunwang Technology Co 300113.SZ · CNY
Communication Services · Shenzhen · 🇨🇳 China
16.75
-1.87%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.74bn
FY2016FY2025
Net income
CN¥417.6m
FY2016FY2025
Free cash flow
CN¥322.6m
FY2016FY2025
Shareholders' equity
CN¥2.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.74bn | CN¥1.84bn | CN¥1.43bn | CN¥1.12bn | CN¥1.14bn | CN¥1.04bn | CN¥1.57bn | CN¥1.98bn | CN¥1.82bn | CN¥1.70bn |
| Gross profit | CN¥845.3m | CN¥760.2m | CN¥707.1m | CN¥556.9m | CN¥692.9m | CN¥646.6m | CN¥1.03bn | CN¥1.28bn | CN¥1.27bn | CN¥1.28bn |
| Research and development | CN¥152.6m | CN¥168.4m | CN¥186.9m | CN¥209.9m | CN¥221.4m | CN¥191.8m | CN¥236.2m | CN¥229.2m | CN¥194.9m | CN¥196.4m |
| Operating income | CN¥501.6m | CN¥323.0m | CN¥217.0m | −CN¥372.3m | CN¥117.3m | CN¥170.2m | CN¥156.2m | CN¥469.4m | CN¥674.9m | CN¥682.6m |
| Net income | CN¥417.6m | CN¥251.9m | CN¥169.5m | −CN¥405.9m | CN¥61.2m | CN¥90.9m | CN¥85.2m | CN¥321.6m | CN¥512.3m | CN¥521.0m |
| Diluted earnings per share | 0.62 | 0.37 | 0.25 | -0.56 | 0.10 | 0.13 | 0.14 | 0.46 | 0.74 | 0.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.05bn | CN¥2.80bn | CN¥2.45bn | CN¥2.30bn | CN¥2.98bn | CN¥2.99bn | CN¥3.45bn | CN¥3.89bn | CN¥3.98bn | CN¥3.41bn |
| Cash and short-term investments | — | CN¥963.3m | CN¥1.39bn | CN¥1.24bn | CN¥1.31bn | CN¥903.7m | CN¥1.69bn | CN¥1.97bn | CN¥1.74bn | CN¥1.17bn |
| Total liabilities | CN¥435.9m | CN¥514.0m | CN¥355.6m | CN¥357.8m | CN¥498.0m | CN¥457.9m | CN¥784.7m | CN¥787.3m | CN¥787.3m | CN¥837.7m |
| Debt | — | CN¥76.6m | CN¥17.2m | CN¥26.6m | CN¥44.1m | CN¥47.0m | −CN¥140.6m | — | — | — |
| Shareholders' equity | CN¥2.56bn | CN¥2.23bn | CN¥2.02bn | CN¥1.89bn | CN¥2.44bn | CN¥2.44bn | CN¥2.56bn | CN¥2.95bn | CN¥3.00bn | CN¥2.46bn |
| Shares outstanding | 674m | 673m | 670m | 725m | 627m | 695m | 618m | 692m | 696m | 694m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥366.9m | CN¥378.7m | CN¥293.7m | CN¥80.2m | CN¥272.8m | −CN¥29.1m | CN¥277.1m | CN¥633.3m | CN¥675.9m | CN¥687.5m |
| Capital spending | −CN¥44.2m | −CN¥31.5m | −CN¥77.0m | −CN¥90.2m | −CN¥44.0m | −CN¥60.1m | −CN¥44.2m | −CN¥15.6m | −CN¥13.5m | −CN¥49.6m |
| Free cash flow | CN¥322.6m | CN¥347.2m | CN¥216.7m | −CN¥10.0m | CN¥228.8m | −CN¥89.2m | CN¥232.9m | CN¥617.7m | CN¥662.4m | CN¥637.9m |
| Dividends paid | −CN¥60.7m | −CN¥54.3m | −CN¥47.5m | −CN¥73.8m | −CN¥54.8m | −CN¥128.4m | −CN¥107.8m | −CN¥138.8m | −CN¥82.4m | −CN¥76.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥281.0m | CN¥284.6m | CN¥235.6m | CN¥498.4m | CN¥432.2m | CN¥578.0m | CN¥443.2m | CN¥588.8m |
| Gross profit | CN¥181.4m | CN¥196.4m | CN¥161.5m | CN¥291.8m | CN¥199.5m | CN¥192.5m | CN¥177.4m | CN¥254.9m |
| Operating income | CN¥56.6m | CN¥87.2m | CN¥29.7m | CN¥182.7m | CN¥102.4m | CN¥91.2m | CN¥18.2m | CN¥145.7m |
| Net income | CN¥77.8m | CN¥80.5m | CN¥93.9m | CN¥162.3m | CN¥88.0m | CN¥73.5m | CN¥39.7m | CN¥116.7m |
| Diluted earnings per share | 0.12 | 0.12 | 0.14 | 0.24 | 0.13 | 0.11 | 0.06 | 0.17 |
| Cash from operations | — | — | — | CN¥119.0m | CN¥51.0m | CN¥56.0m | CN¥109.0m | CN¥73.0m |
| Capital spending | −CN¥28.0m | −CN¥42.0m | −CN¥15.0m | −CN¥13.0m | −CN¥4.0m | −CN¥11.0m | −CN¥5.0m | −CN¥8.0m |
| Free cash flow | — | — | — | CN¥106.0m | CN¥47.0m | CN¥45.0m | CN¥104.0m | CN¥65.0m |
| Total assets | CN¥3.17bn | CN¥3.09bn | CN¥3.05bn | CN¥3.06bn | CN¥2.88bn | CN¥2.84bn | CN¥2.80bn | CN¥2.69bn |
| Cash and short-term investments | — | — | — | CN¥881.0m | CN¥773.6m | CN¥784.7m | CN¥963.3m | CN¥942.7m |
| Debt | — | — | — | CN¥10.6m | CN¥10.6m | CN¥13.1m | — | — |
| Shareholders' equity | CN¥2.62bn | CN¥2.63bn | CN¥2.56bn | CN¥2.53bn | CN¥2.38bn | CN¥2.31bn | CN¥2.23bn | CN¥2.15bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 48.5% | 41.3% | 49.3% | 49.6% | 60.7% | 61.9% | — |
| Operating margin | 28.8% | 17.6% | 15.1% | -33.1% | 10.3% | 16.3% | — |
| Net margin | 23.9% | 13.7% | 11.8% | -36.1% | 5.4% | 8.7% | — |
| Return on equity | 16.3% | 11.3% | 8.4% | -21.4% | 2.5% | 3.7% | — |
| Return on assets | 13.7% | 9.0% | 6.9% | -17.7% | 2.1% | 3.0% | — |
| Free cash flow yield | 3.9% | 3.9% | 3.5% | 1.5% | 3.2% | 0.3% | — |
| Revenue growth | -5.2% | 28.4% | 27.5% | -1.6% | 9.4% | -33.6% | — |
| Earnings growth | 65.8% | 48.6% | -141.8% | -763.5% | -32.7% | 6.6% | — |
| Current ratio | 3.17x | 2.95x | 4.49x | 4.24x | 3.46x | 3.07x | — |
| Debt to equity | — | 0.01x | 0.00x | 0.01x | 0.01x | 0.00x | -0.05x |
| Equity ratio | 83.9% | 79.7% | 82.5% | 82.4% | 81.7% | 81.6% | — |
| Interest coverage | 147.25x | 41.07x | 42.16x | -69.68x | 15.17x | 24.45x | — |
| R&D as a share of sales | 8.7% | 9.2% | 13.0% | 18.7% | 19.4% | 18.4% | — |
| Buybacks as a share of market value | -0.2% | -0.4% | 7.5% | -15.6% | 9.8% | -12.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.8% | 10.8% | 5.5% |
| Operating income | — | 24.1% | 4.4% |
| Net income | — | 35.7% | 3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.8% | 46.7% | 50.5% | 60.2% |
| Operating margin | 23.0% | 10.9% | 11.5% | 19.9% |
| Net margin | 18.7% | 7.1% | 7.0% | 14.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.7 | 44.9 | 55.4 | -18.6 | 167.1 | 131.1 | 186.2 | 27.3 | 24.8 | 35.8 |
| Price to sales | 7.8 | 6.2 | 6.5 | 6.7 | 8.9 | 11.4 | 10.1 | 4.4 | 7.0 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 17 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.09 | 0.08 | 0.07 | 0.07 | 0.08 | 0.19 | 0.20 |
- 2.262-for-1 split · 25 May 2016
- 11-for-5 split · 13 May 2014
- 11-for-5 split · 12 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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