S 
Shenzhen Kexin Communication Technologies Co 300565.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
8.47
-0.12%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥591.2m
FY2016FY2025
Net income
−CN¥97.6m
FY2016FY2025
Free cash flow
−CN¥83.5m
FY2016FY2025
Shareholders' equity
CN¥535.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥591.2m | CN¥557.0m | CN¥512.3m | CN¥834.1m | CN¥704.9m | CN¥789.8m | CN¥339.1m | CN¥542.6m | CN¥671.5m | CN¥708.3m |
| Gross profit | CN¥131.8m | CN¥73.2m | CN¥3.2m | CN¥185.1m | CN¥125.7m | CN¥211.1m | CN¥57.0m | CN¥173.2m | CN¥221.9m | CN¥243.4m |
| Research and development | CN¥64.1m | CN¥76.8m | CN¥80.6m | CN¥75.8m | CN¥78.9m | CN¥59.8m | CN¥39.7m | CN¥32.5m | CN¥32.7m | CN¥27.7m |
| Operating income | −CN¥69.3m | −CN¥168.5m | −CN¥221.7m | −CN¥9.2m | −CN¥126.3m | CN¥4.2m | −CN¥99.5m | CN¥22.9m | CN¥65.7m | CN¥74.8m |
| Net income | −CN¥97.6m | −CN¥205.8m | −CN¥223.7m | −CN¥13.1m | −CN¥120.1m | CN¥12.4m | −CN¥82.0m | CN¥16.7m | CN¥58.8m | CN¥61.8m |
| Diluted earnings per share | -0.41 | -0.90 | -1.10 | -0.06 | -0.59 | 0.04 | -0.39 | 0.05 | 0.29 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.37bn | CN¥1.57bn | CN¥1.47bn | CN¥1.76bn | CN¥1.55bn | CN¥1.32bn | CN¥955.3m | CN¥1.02bn | CN¥1.11bn | CN¥1.09bn |
| Cash and short-term investments | — | CN¥274.9m | CN¥104.7m | CN¥212.8m | CN¥111.2m | CN¥211.0m | CN¥230.5m | CN¥284.0m | CN¥112.3m | CN¥413.8m |
| Total liabilities | CN¥873.1m | CN¥963.5m | CN¥1.17bn | CN¥1.23bn | CN¥992.3m | CN¥639.2m | CN¥287.9m | CN¥283.6m | CN¥359.1m | CN¥374.1m |
| Debt | CN¥276.9m | CN¥573.2m | CN¥759.8m | CN¥913.8m | CN¥647.5m | CN¥196.6m | CN¥25.0m | CN¥15.0m | CN¥174.3m | CN¥40.0m |
| Shareholders' equity | CN¥535.2m | CN¥636.8m | CN¥315.2m | CN¥541.4m | CN¥560.9m | CN¥678.8m | CN¥667.4m | CN¥738.9m | CN¥746.2m | CN¥719.4m |
| Shares outstanding | 239m | 229m | 203m | 215m | 202m | 352m | 208m | 314m | 204m | 176m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥40.4m | −CN¥97.1m | −CN¥11.5m | −CN¥24.1m | −CN¥140.1m | −CN¥30.9m | −CN¥18.3m | CN¥18.4m | CN¥169.4m | CN¥19.2m |
| Capital spending | −CN¥43.1m | −CN¥77.1m | −CN¥66.7m | −CN¥163.7m | −CN¥370.6m | −CN¥136.5m | −CN¥34.7m | −CN¥128.2m | −CN¥114.6m | −CN¥12.4m |
| Free cash flow | −CN¥83.5m | −CN¥174.2m | −CN¥78.2m | −CN¥187.8m | −CN¥510.7m | −CN¥167.3m | −CN¥53.0m | −CN¥109.8m | CN¥54.8m | CN¥6.7m |
| Dividends paid | −CN¥27.9m | −CN¥33.0m | −CN¥36.6m | −CN¥33.7m | −CN¥15.7m | −CN¥5.1m | −CN¥584,205 | −CN¥24.3m | −CN¥33.2m | −CN¥6.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥187.3m | CN¥141.3m | CN¥162.1m | CN¥125.1m | CN¥160.5m | CN¥143.4m | CN¥211.0m | CN¥144.7m |
| Gross profit | CN¥47.1m | CN¥31.9m | CN¥41.6m | CN¥27.7m | CN¥35.8m | CN¥26.7m | CN¥19.8m | CN¥41.3m |
| Operating income | −CN¥2.8m | −CN¥14.4m | −CN¥12.5m | −CN¥28.7m | −CN¥15.8m | −CN¥19.5m | −CN¥42.3m | −CN¥36.5m |
| Net income | −CN¥9.5m | −CN¥15.2m | −CN¥27.9m | −CN¥26.6m | −CN¥21.8m | −CN¥21.3m | −CN¥75.6m | −CN¥39.8m |
| Diluted earnings per share | -0.04 | -0.06 | -0.12 | -0.11 | -0.09 | -0.09 | -0.33 | -0.17 |
| Cash from operations | — | — | — | −CN¥32.0m | −CN¥26.0m | — | — | CN¥13.0m |
| Capital spending | −CN¥3.0m | −CN¥14.0m | −CN¥11.0m | −CN¥11.0m | −CN¥6.0m | −CN¥14.0m | −CN¥10.0m | −CN¥7.0m |
| Free cash flow | — | — | — | −CN¥43.0m | −CN¥32.0m | — | — | CN¥6.0m |
| Total assets | CN¥1.39bn | CN¥1.35bn | CN¥1.37bn | CN¥1.38bn | CN¥1.42bn | CN¥1.53bn | CN¥1.57bn | CN¥1.62bn |
| Cash and short-term investments | — | — | — | CN¥124.6m | CN¥174.4m | CN¥274.3m | CN¥274.9m | CN¥76.7m |
| Debt | CN¥272.8m | CN¥276.9m | CN¥276.9m | CN¥497.6m | CN¥494.3m | CN¥572.4m | CN¥568.2m | CN¥608.8m |
| Shareholders' equity | CN¥509.8m | CN¥521.4m | CN¥535.2m | CN¥562.6m | CN¥593.1m | CN¥613.5m | CN¥636.8m | CN¥709.3m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.3% | 13.1% | 0.6% | 22.2% | 17.8% | 26.7% |
| Operating margin | -13.5% | -30.1% | -43.0% | -1.0% | -17.9% | 2.3% |
| Net margin | -16.5% | -36.9% | -43.7% | -1.6% | -17.0% | 1.6% |
| Return on equity | -18.2% | -32.3% | -71.0% | -2.4% | -21.4% | 1.8% |
| Return on assets | -7.1% | -13.1% | -15.2% | -0.7% | -7.7% | 0.9% |
| Free cash flow yield | 0.1% | -1.0% | 3.0% | 7.2% | 12.7% | 3.3% |
| Revenue growth | 6.1% | 8.7% | -38.6% | 18.3% | -10.7% | 132.9% |
| Earnings growth | -52.6% | -8.0% | 1603.8% | -89.1% | -1067.0% | -115.1% |
| Current ratio | 0.76x | 0.89x | 0.52x | 0.94x | 0.96x | 1.33x |
| Debt to equity | 0.52x | 0.89x | 2.39x | 1.66x | 1.11x | 0.25x |
| Equity ratio | 39.0% | 40.6% | 21.5% | 30.7% | 36.1% | 51.5% |
| Interest coverage | -2.85x | -4.75x | -5.33x | -0.32x | -10.63x | 3.75x |
| R&D as a share of sales | 10.8% | 13.8% | 15.7% | 9.1% | 11.2% | 7.6% |
| Buybacks as a share of market value | -4.5% | -13.1% | 5.6% | -6.2% | 42.6% | -69.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | -5.6% | -2.6% |
| Operating income | 95.9% | — | — |
| Net income | 95.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.9% | 15.8% | 18.3% | 23.9% |
| Operating margin | -20.7% | -18.8% | -14.8% | -6.5% |
| Net margin | -26.4% | -21.7% | -16.2% | -7.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -31.0 | -13.3 | -13.7 | -380.4 | -19.8 | 401.9 | -28.8 | 273.7 | 58.7 | 86.8 |
| Price to sales | 5.1 | 4.9 | 6.0 | 6.0 | 3.4 | 6.3 | 7.0 | 8.4 | 5.1 | 7.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jun 2018.
| FY2018 | FY2017 | |
|---|---|---|
| Paid in the year | 0.115 | 0.154 |
- 13-for-10 split · 4 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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