D 
Dasheng Times Cultural Investment Co 600892.SS · CNY
Communication Services · Shanghai · 🇨🇳 China
5.09
+9.94%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥333.4m
FY2016FY2025
Net income
−CN¥81.2m
FY2016FY2025
Free cash flow
−CN¥184.1m
FY2016FY2025
Shareholders' equity
CN¥25.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥333.4m | CN¥166.8m | CN¥227.4m | CN¥208.1m | CN¥214.3m | CN¥299.2m | CN¥191.8m | CN¥200.3m | CN¥313.6m | CN¥356.0m |
| Research and development | CN¥45.4m | CN¥52.8m | CN¥73.6m | CN¥79.1m | CN¥67.7m | CN¥63.4m | CN¥67.5m | CN¥75.2m | CN¥47.0m | CN¥23.3m |
| Operating income | −CN¥110.1m | −CN¥67.7m | −CN¥34.5m | CN¥15.0m | −CN¥98.3m | CN¥41.7m | −CN¥645.6m | −CN¥1.17bn | CN¥78.4m | CN¥124.0m |
| Net income | −CN¥81.2m | −CN¥63.7m | −CN¥19.3m | CN¥23.7m | −CN¥113.2m | CN¥23.3m | −CN¥567.6m | −CN¥1.13bn | CN¥300.1m | CN¥152.7m |
| Diluted earnings per share | -0.14 | -0.10 | -0.02 | 0.03 | -0.15 | 0.04 | -0.88 | -1.96 | 0.55 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥497.3m | CN¥336.3m | CN¥309.1m | CN¥381.9m | CN¥457.2m | CN¥580.8m | CN¥653.3m | CN¥1.35bn | CN¥2.79bn | CN¥2.50bn |
| Cash and short-term investments | — | CN¥58.9m | CN¥80.5m | CN¥67.1m | CN¥129.6m | CN¥155.3m | CN¥142.2m | CN¥290.4m | CN¥306.4m | CN¥134.4m |
| Total liabilities | CN¥471.7m | CN¥239.0m | CN¥142.7m | CN¥175.2m | CN¥274.4m | CN¥280.0m | CN¥381.7m | CN¥478.7m | CN¥791.3m | CN¥805.1m |
| Debt | CN¥5.0m | CN¥12.0m | CN¥15.2m | CN¥33.9m | CN¥112.9m | CN¥120.2m | CN¥170.3m | CN¥220.2m | CN¥290.6m | CN¥71.4m |
| Shareholders' equity | CN¥25.2m | CN¥76.4m | CN¥140.6m | CN¥178.7m | CN¥154.0m | CN¥267.5m | CN¥252.3m | CN¥841.9m | CN¥1.97bn | CN¥1.67bn |
| Shares outstanding | 597m | 639m | 893m | 830m | 746m | 659m | 642m | 576m | 549m | 523m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥181.4m | −CN¥94.5m | −CN¥55.8m | CN¥25.9m | CN¥6.0m | CN¥92.2m | CN¥36.2m | −CN¥33.2m | CN¥54.5m | CN¥182.0m |
| Capital spending | −CN¥2.7m | −CN¥842,450 | −CN¥2.9m | −CN¥1.3m | −CN¥1.4m | −CN¥3.3m | −CN¥903,288 | −CN¥2.5m | −CN¥9.6m | −CN¥606,563 |
| Free cash flow | −CN¥184.1m | −CN¥95.4m | −CN¥58.6m | CN¥24.5m | CN¥4.6m | CN¥88.9m | CN¥35.3m | −CN¥35.7m | CN¥45.0m | CN¥181.3m |
| Dividends paid | −CN¥1.5m | −CN¥451,167 | −CN¥1.0m | −CN¥3.6m | −CN¥6.4m | −CN¥9.2m | −CN¥11.8m | −CN¥14.0m | −CN¥7.9m | −CN¥9.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥77.9m | CN¥76.0m | CN¥131.1m | CN¥93.6m | CN¥52.9m | CN¥55.9m | CN¥51.8m | CN¥36.8m |
| Operating income | −CN¥22.3m | −CN¥17.9m | −CN¥32.9m | −CN¥43.1m | −CN¥26.1m | −CN¥11.0m | −CN¥54.4m | −CN¥1.3m |
| Net income | −CN¥21.8m | −CN¥17.1m | −CN¥12.3m | −CN¥35.1m | −CN¥23.6m | −CN¥10.1m | −CN¥48.2m | CN¥69,695 |
| Diluted earnings per share | -0.04 | -0.03 | -0.02 | -0.06 | -0.04 | -0.02 | -0.08 | 0.00 |
| Cash from operations | — | — | — | −CN¥108.0m | −CN¥41.0m | −CN¥32.0m | — | −CN¥15.0m |
| Capital spending | −CN¥1.0m | — | — | −CN¥6.0m | — | — | — | — |
| Free cash flow | — | — | — | −CN¥114.0m | — | — | — | — |
| Total assets | CN¥493.3m | CN¥482.5m | CN¥497.3m | CN¥494.9m | CN¥393.4m | CN¥360.9m | CN¥336.3m | CN¥322.8m |
| Cash and short-term investments | — | — | — | CN¥39.0m | CN¥44.6m | CN¥55.0m | CN¥58.9m | CN¥78.4m |
| Debt | CN¥15.7m | CN¥20.7m | CN¥5.0m | CN¥32.6m | CN¥21.0m | CN¥21.0m | CN¥10.0m | CN¥10.0m |
| Shareholders' equity | −CN¥13.6m | CN¥8.8m | CN¥25.2m | CN¥7.6m | CN¥42.7m | CN¥66.3m | CN¥76.4m | CN¥125.1m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -29.7% | -40.6% | -9.3% | 14.9% | -45.9% | 14.8% |
| Net margin | -24.3% | -38.2% | -8.5% | 11.4% | -52.8% | 7.8% |
| Return on equity | -321.4% | -83.4% | -13.7% | 13.3% | -73.5% | 8.7% |
| Return on assets | -16.3% | -18.9% | -6.2% | 6.2% | -24.8% | 4.0% |
| Free cash flow yield | -6.8% | -3.3% | -1.4% | 0.7% | 0.2% | 3.3% |
| Revenue growth | 99.9% | -26.6% | 9.3% | -2.9% | -28.4% | 56.0% |
| Earnings growth | 27.4% | 230.5% | -181.2% | -121.0% | -584.7% | -104.1% |
| Current ratio | 0.71x | 0.87x | 1.01x | 0.74x | 0.81x | 1.29x |
| Debt to equity | 0.20x | 0.13x | 0.07x | 0.11x | 0.13x | 0.30x |
| Equity ratio | 5.1% | 22.7% | 45.5% | 46.8% | 33.7% | 46.1% |
| Interest coverage | -17.00x | -29.43x | -7.24x | 4.91x | -9.64x | 3.40x |
| R&D as a share of sales | 13.6% | 31.6% | 32.4% | 38.0% | 31.6% | 21.2% |
| Buybacks as a share of market value | 6.5% | 28.5% | -7.7% | -11.3% | -13.2% | -2.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.0% | 2.2% | 32.9% |
| Operating income | — | — | 45.4% |
| Net income | — | — | 55.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -35.5% | -21.1% | -17.5% | -74.1% |
| Net margin | -29.0% | -15.0% | -15.9% | -58.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -26.9 | -37.0 | -281.9 | 184.6 | -28.7 | 82.1 | -6.5 | -4.4 | 17.2 | 66.7 |
| Price to sales | 6.5 | 14.1 | 23.9 | 21.1 | 15.2 | 6.4 | 19.1 | 24.6 | 16.4 | 28.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-for-1 split · 9 Jun 2017
- 1-to-1 reverse split · 26 Feb 2009
- 5-for-4 split · 11 Feb 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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