H 
Hangzhou Arcvideo Technology Co 688039.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
36.01
-1.88%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥348.7m
FY2016FY2025
Net income
−CN¥88.7m
FY2016FY2025
Free cash flow
CN¥7.1m
FY2016FY2025
Shareholders' equity
CN¥1.05bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥348.7m | CN¥306.6m | CN¥332.6m | CN¥331.4m | CN¥418.2m | CN¥365.9m | CN¥284.5m | CN¥203.6m | CN¥139.0m | CN¥101.5m |
| Research and development | CN¥93.6m | CN¥121.4m | CN¥142.6m | CN¥118.2m | CN¥90.9m | CN¥61.9m | CN¥50.6m | CN¥36.6m | CN¥27.3m | CN¥20.0m |
| Operating income | −CN¥115.8m | −CN¥126.6m | −CN¥162.4m | −CN¥114.2m | CN¥62.3m | CN¥101.9m | CN¥89.9m | CN¥68.2m | CN¥40.5m | CN¥27.3m |
| Net income | −CN¥88.7m | −CN¥102.2m | −CN¥138.2m | −CN¥98.6m | CN¥61.3m | CN¥102.8m | CN¥84.7m | CN¥63.9m | CN¥40.7m | CN¥35.7m |
| Diluted earnings per share | -0.75 | -0.90 | -1.25 | -0.88 | 0.51 | 0.88 | 0.87 | 0.72 | 0.34 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.51bn | CN¥1.46bn | CN¥1.60bn | CN¥1.63bn | CN¥1.80bn | CN¥1.62bn | CN¥1.51bn | CN¥445.8m | CN¥354.0m | CN¥112.9m |
| Cash and short-term investments | — | CN¥173.7m | CN¥288.1m | CN¥420.7m | CN¥902.8m | CN¥1.10bn | CN¥1.19bn | CN¥258.8m | CN¥242.4m | CN¥59.1m |
| Total liabilities | CN¥460.9m | CN¥300.7m | CN¥341.1m | CN¥251.7m | CN¥264.7m | CN¥148.8m | CN¥116.1m | CN¥62.5m | CN¥34.7m | CN¥11.9m |
| Debt | — | CN¥137.4m | CN¥176.4m | CN¥82.0m | CN¥26.7m | CN¥26.4m | CN¥16.1m | — | — | — |
| Shareholders' equity | CN¥1.05bn | CN¥1.16bn | CN¥1.25bn | CN¥1.36bn | CN¥1.53bn | CN¥1.47bn | CN¥1.40bn | CN¥383.3m | CN¥319.4m | CN¥101.0m |
| Shares outstanding | 119m | 113m | 111m | 112m | 119m | 117m | 97m | 89m | 119m | 119m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥48.0m | −CN¥2.6m | −CN¥97.8m | −CN¥37.9m | −CN¥45.2m | CN¥28.7m | −CN¥4.6m | CN¥6.2m | CN¥14.4m | CN¥5.3m |
| Capital spending | −CN¥40.8m | −CN¥47.3m | −CN¥115.4m | −CN¥262.9m | −CN¥91.4m | −CN¥38.3m | −CN¥22.2m | −CN¥3.4m | −CN¥6.0m | −CN¥7.8m |
| Free cash flow | CN¥7.1m | −CN¥49.9m | −CN¥213.2m | −CN¥300.8m | −CN¥136.6m | −CN¥9.7m | −CN¥26.8m | CN¥2.8m | CN¥8.4m | −CN¥2.6m |
| Dividends paid | −CN¥2.9m | −CN¥4.0m | −CN¥4.9m | −CN¥22.8m | −CN¥40.3m | −CN¥32.8m | −CN¥149,153 | — | −CN¥11.8m | −CN¥435,431 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥53.6m | CN¥82.8m | CN¥138.9m | CN¥76.8m | CN¥83.9m | CN¥49.1m | CN¥137.5m | CN¥51.1m |
| Operating income | −CN¥17.7m | −CN¥15.2m | −CN¥76.2m | −CN¥26.2m | CN¥5.8m | −CN¥16.0m | −CN¥39.8m | −CN¥32.2m |
| Net income | −CN¥16.8m | −CN¥15.2m | −CN¥67.0m | −CN¥15.5m | CN¥5.7m | −CN¥11.9m | −CN¥32.7m | −CN¥27.7m |
| Diluted earnings per share | -0.14 | -0.13 | -0.56 | -0.13 | 0.05 | -0.10 | -0.29 | -0.24 |
| Cash from operations | — | — | — | CN¥3.0m | −CN¥11.0m | CN¥11.0m | CN¥37.0m | −CN¥5.0m |
| Capital spending | −CN¥2.0m | −CN¥16.0m | −CN¥3.0m | −CN¥8.0m | −CN¥16.0m | −CN¥12.0m | −CN¥10.0m | −CN¥6.0m |
| Free cash flow | — | — | — | −CN¥5.0m | −CN¥27.0m | −CN¥1.0m | CN¥27.0m | −CN¥11.0m |
| Total assets | CN¥1.36bn | CN¥1.43bn | CN¥1.51bn | CN¥1.50bn | CN¥1.46bn | CN¥1.45bn | CN¥1.46bn | CN¥1.42bn |
| Cash and short-term investments | — | — | — | CN¥156.7m | CN¥137.2m | CN¥165.1m | CN¥173.7m | CN¥142.1m |
| Debt | — | — | — | CN¥143.1m | CN¥91.5m | CN¥90.0m | CN¥94.8m | CN¥94.7m |
| Shareholders' equity | CN¥1.03bn | CN¥1.04bn | CN¥1.05bn | CN¥1.11bn | CN¥1.13bn | CN¥1.15bn | CN¥1.16bn | CN¥1.17bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -33.2% | -41.3% | -47.2% | -33.5% | 15.0% | 28.1% | — |
| Net margin | -25.4% | -33.3% | -41.5% | -29.7% | 14.7% | 28.1% | — |
| Return on equity | -8.4% | -8.8% | -11.1% | -7.2% | 4.0% | 7.0% | — |
| Return on assets | -5.9% | -7.0% | -8.7% | -6.1% | 3.4% | 6.3% | — |
| Free cash flow yield | 2.2% | 1.2% | 0.5% | 5.9% | 1.1% | 1.7% | — |
| Revenue growth | 13.7% | -7.8% | 0.4% | -20.7% | 14.3% | 28.6% | — |
| Earnings growth | -13.2% | -26.0% | 40.2% | -260.7% | -40.3% | 21.4% | — |
| Current ratio | 1.71x | 2.34x | 2.38x | 3.73x | 5.83x | 9.99x | — |
| Debt to equity | — | 0.08x | 0.13x | 0.06x | 0.02x | — | 0.01x |
| Equity ratio | 69.8% | 79.2% | 78.2% | 84.0% | 85.3% | 90.8% | — |
| Interest coverage | -20.30x | -24.32x | -27.91x | -34.63x | 115.88x | 118.73x | — |
| R&D as a share of sales | 26.9% | 39.6% | 42.9% | 35.7% | 21.7% | 16.9% | — |
| Buybacks as a share of market value | -4.8% | -2.3% | 1.3% | 5.9% | -2.1% | -20.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.5% | -1.2% | — |
| Operating income | 0.4% | — | — |
| Net income | -3.5% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -59.9 | -30.0 | -28.9 | -30.6 | 106.6 | 47.8 | 68.0 |
| Price to sales | 15.5 | 10.2 | 12.2 | 9.2 | 15.7 | 13.4 | 20.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2022.
| FY2022 | FY2021 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.179 | 0.357 | 0.286 |
- 7-for-5 split · 28 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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