H 
HengFeng Information Technology Co 300605.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
8.79
-3.09%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥437.2m
FY2016FY2025
Net income
−CN¥25.0m
FY2016FY2025
Free cash flow
−CN¥46.1m
FY2016FY2025
Shareholders' equity
CN¥473.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥437.2m | CN¥227.3m | CN¥484.4m | CN¥515.2m | CN¥612.3m | CN¥502.1m | CN¥566.6m | CN¥524.9m | CN¥403.9m | CN¥330.2m |
| Gross profit | CN¥76.3m | CN¥40.3m | CN¥122.2m | CN¥131.3m | CN¥143.7m | CN¥146.2m | CN¥162.7m | CN¥140.0m | CN¥111.8m | CN¥88.6m |
| Research and development | CN¥21.4m | CN¥27.5m | CN¥27.2m | CN¥27.0m | CN¥40.8m | CN¥29.8m | CN¥36.0m | CN¥33.6m | CN¥22.9m | CN¥17.6m |
| Operating income | CN¥7.0m | −CN¥88.0m | CN¥34.0m | CN¥43.8m | CN¥50.4m | CN¥67.5m | CN¥68.2m | CN¥61.1m | CN¥49.7m | CN¥44.0m |
| Net income | −CN¥25.0m | −CN¥86.8m | CN¥16.9m | CN¥39.3m | CN¥47.0m | CN¥58.9m | CN¥60.7m | CN¥53.5m | CN¥43.1m | CN¥37.6m |
| Diluted earnings per share | -0.15 | -0.53 | 0.10 | 0.24 | 0.27 | 0.37 | 0.36 | 0.34 | 0.25 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.35bn | CN¥1.45bn | CN¥1.38bn | CN¥1.15bn | CN¥1.09bn | CN¥1.01bn | CN¥884.6m | CN¥829.4m | CN¥651.3m | CN¥404.6m |
| Cash and short-term investments | — | CN¥148.2m | CN¥204.9m | CN¥113.0m | CN¥95.5m | CN¥111.1m | CN¥157.8m | CN¥189.9m | CN¥104.9m | CN¥43.0m |
| Total liabilities | CN¥875.3m | CN¥962.2m | CN¥798.6m | CN¥602.6m | CN¥569.6m | CN¥523.6m | CN¥329.1m | CN¥333.4m | CN¥206.6m | CN¥173.1m |
| Debt | CN¥236.6m | CN¥472.3m | CN¥411.3m | CN¥204.4m | CN¥128.5m | CN¥44.9m | CN¥10.0m | CN¥27.0m | CN¥16.9m | CN¥17.7m |
| Shareholders' equity | CN¥473.4m | CN¥489.5m | CN¥582.7m | CN¥548.2m | CN¥517.2m | CN¥480.3m | CN¥552.9m | CN¥493.8m | CN¥443.7m | CN¥231.4m |
| Shares outstanding | 166m | 163m | 168m | 162m | 177m | 158m | 169m | 156m | 169m | 125m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥23.3m | −CN¥59.4m | −CN¥47.4m | CN¥3.8m | −CN¥65.2m | −CN¥29.7m | −CN¥35.9m | CN¥91.0m | −CN¥75.1m | −CN¥226,662 |
| Capital spending | −CN¥22.8m | −CN¥42.3m | −CN¥67.5m | −CN¥49.0m | −CN¥5.5m | −CN¥44.7m | −CN¥5.4m | −CN¥8.7m | −CN¥12.0m | −CN¥13.4m |
| Free cash flow | −CN¥46.1m | −CN¥101.7m | −CN¥115.0m | −CN¥45.2m | −CN¥70.7m | −CN¥74.4m | −CN¥41.3m | CN¥82.3m | −CN¥87.1m | −CN¥13.7m |
| Dividends paid | −CN¥10.2m | −CN¥14.4m | −CN¥12.6m | −CN¥8.2m | −CN¥8.3m | −CN¥8.3m | −CN¥6.6m | −CN¥5.6m | −CN¥4.4m | −CN¥1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥44.4m | CN¥73.1m | CN¥94.3m | CN¥74.6m | CN¥194.8m | CN¥73.6m | CN¥36.7m | CN¥83.3m |
| Gross profit | CN¥3.6m | CN¥6.6m | CN¥10.2m | CN¥13.7m | CN¥35.1m | CN¥17.3m | −CN¥13.5m | CN¥22.5m |
| Operating income | −CN¥15.3m | −CN¥9.7m | −CN¥2.4m | CN¥8.6m | CN¥2.5m | −CN¥1.2m | −CN¥67.8m | −CN¥5.0m |
| Net income | −CN¥24.5m | −CN¥13.8m | −CN¥35.4m | CN¥8.0m | CN¥2.7m | −CN¥231,554 | −CN¥62.2m | −CN¥3.8m |
| Diluted earnings per share | -0.15 | -0.08 | -0.21 | 0.05 | 0.02 | -0.00 | -0.38 | -0.02 |
| Cash from operations | — | — | — | CN¥38.0m | −CN¥12.0m | CN¥5.0m | — | −CN¥24.0m |
| Capital spending | −CN¥1.0m | −CN¥1.0m | −CN¥21.0m | — | — | — | −CN¥19.0m | −CN¥5.0m |
| Free cash flow | — | — | — | — | — | — | — | −CN¥29.0m |
| Total assets | CN¥1.26bn | CN¥1.29bn | CN¥1.35bn | CN¥1.31bn | CN¥1.36bn | CN¥1.47bn | CN¥1.45bn | CN¥1.34bn |
| Cash and short-term investments | — | — | — | CN¥89.0m | CN¥109.8m | CN¥166.6m | CN¥148.2m | CN¥92.0m |
| Debt | CN¥243.2m | CN¥239.8m | CN¥236.6m | CN¥218.0m | CN¥459.5m | CN¥491.8m | CN¥471.8m | CN¥476.8m |
| Shareholders' equity | CN¥435.3m | CN¥459.6m | CN¥473.4m | CN¥501.2m | CN¥493.2m | CN¥490.4m | CN¥489.5m | CN¥551.6m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.5% | 17.7% | 25.2% | 25.5% | 23.5% | 29.1% |
| Operating margin | -2.2% | -38.7% | 7.0% | 9.7% | 8.8% | 13.6% |
| Net margin | -5.7% | -38.2% | 3.5% | 7.6% | 7.7% | 11.7% |
| Return on equity | -5.3% | -17.7% | 2.9% | 7.2% | 9.1% | 12.3% |
| Return on assets | -1.9% | -6.0% | 1.2% | 3.4% | 4.3% | 5.9% |
| Free cash flow yield | -0.0% | -1.0% | 1.1% | 3.1% | -3.2% | 0.9% |
| Revenue growth | 92.4% | -53.1% | -6.0% | -15.9% | 22.0% | -11.4% |
| Earnings growth | -71.2% | -614.3% | -57.1% | -16.5% | -20.2% | -3.0% |
| Current ratio | 1.64x | 1.56x | 1.84x | 1.50x | 1.56x | 1.69x |
| Debt to equity | 0.50x | 0.96x | 0.70x | 0.37x | 0.25x | -0.37x |
| Equity ratio | 35.2% | 33.7% | 42.1% | 47.5% | 47.5% | 47.7% |
| Interest coverage | -0.50x | -5.28x | 2.08x | 6.79x | 13.80x | 42.28x |
| R&D as a share of sales | 4.9% | 12.1% | 5.6% | 5.2% | 6.7% | 5.9% |
| Buybacks as a share of market value | -1.7% | 3.4% | -4.2% | 8.8% | -12.0% | 6.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.3% | -2.7% | 3.5% |
| Operating income | -45.8% | -36.5% | -15.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.5% | 22.2% | 23.8% | 25.5% |
| Operating margin | -12.2% | -0.2% | 4.1% | 7.7% |
| Net margin | -16.8% | -3.3% | 1.8% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -103.6 | -21.9 | 149.3 | 56.5 | 51.9 | 35.1 | 35.5 | 29.2 | 54.7 |
| Price to sales | 5.9 | 8.4 | 5.2 | 4.3 | 4.0 | 4.1 | 3.8 | 3.0 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.031 | 0.026 |
- 3-for-2 split · 4 Jul 2019
- 1.297-for-1 split · 6 Jul 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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