H 
Hangzhou Raycloud Technology Co 688365.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
14.43
-0.35%
Close of 9 Nov 2026, in CNY
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥565.4m
FY2016FY2025
Net income
−CN¥26.4m
FY2016FY2025
Free cash flow
CN¥48.6m
FY2016FY2025
Shareholders' equity
CN¥945.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥565.4m | CN¥477.8m | CN¥475.5m | CN¥494.0m | CN¥545.3m | CN¥510.0m | CN¥464.6m | CN¥465.5m | CN¥358.4m | CN¥262.2m |
| Research and development | CN¥118.1m | CN¥107.2m | CN¥120.0m | CN¥155.2m | CN¥159.8m | CN¥106.6m | CN¥89.4m | CN¥84.7m | CN¥51.8m | CN¥36.3m |
| Operating income | −CN¥29.0m | −CN¥88.0m | −CN¥15.4m | −CN¥188.3m | −CN¥89.2m | CN¥89.3m | CN¥97.7m | CN¥118.2m | CN¥102.0m | CN¥26.4m |
| Net income | −CN¥26.4m | −CN¥82.0m | −CN¥18.4m | −CN¥178.9m | −CN¥59.5m | CN¥93.7m | CN¥96.4m | CN¥107.1m | CN¥99.2m | CN¥21.7m |
| Diluted earnings per share | -0.04 | -0.19 | -0.03 | -0.45 | -0.13 | 0.23 | 0.29 | 0.30 | 0.16 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.75bn | CN¥1.60bn | CN¥1.57bn | CN¥1.32bn | CN¥1.49bn | CN¥1.30bn | CN¥829.0m | CN¥707.2m | CN¥582.0m | CN¥304.3m |
| Cash and short-term investments | — | CN¥302.1m | CN¥319.8m | CN¥274.2m | CN¥459.1m | CN¥836.9m | CN¥646.2m | CN¥11.2m | CN¥23.8m | CN¥24.1m |
| Total liabilities | CN¥805.8m | CN¥649.9m | CN¥544.5m | CN¥444.3m | CN¥371.0m | CN¥165.8m | CN¥107.4m | CN¥98.0m | CN¥58.2m | CN¥55.4m |
| Debt | CN¥51.6m | CN¥185.7m | CN¥152.3m | CN¥139.3m | CN¥86.5m | CN¥15.0m | — | — | — | CN¥10.0m |
| Shareholders' equity | CN¥945.4m | CN¥956.3m | CN¥1.02bn | CN¥871.9m | CN¥1.11bn | CN¥1.13bn | CN¥721.7m | CN¥609.1m | CN¥523.8m | CN¥249.1m |
| Shares outstanding | 631m | 441m | 592m | 399m | 453m | 401m | 330m | 361m | 631m | 631m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥117.4m | CN¥54.2m | CN¥22.8m | −CN¥102.4m | −CN¥35.2m | CN¥86.9m | CN¥103.9m | CN¥104.9m | CN¥98.9m | CN¥69.2m |
| Capital spending | −CN¥68.8m | −CN¥107.1m | −CN¥110.6m | −CN¥66.8m | −CN¥28.2m | −CN¥51.6m | −CN¥3.3m | −CN¥4.2m | −CN¥2.8m | −CN¥3.3m |
| Free cash flow | CN¥48.6m | −CN¥52.9m | −CN¥87.7m | −CN¥169.2m | −CN¥63.3m | CN¥35.3m | CN¥100.7m | CN¥100.7m | CN¥96.1m | CN¥65.9m |
| Dividends paid | −CN¥5.1m | −CN¥7.3m | −CN¥6.0m | −CN¥3.9m | −CN¥10.0m | −CN¥60.1m | −CN¥13,191 | −CN¥25.0m | −CN¥38,328 | −CN¥30.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥160.3m | CN¥141.8m | CN¥160.3m | CN¥142.6m | CN¥147.5m | CN¥114.9m | CN¥125.2m | CN¥117.9m |
| Operating income | CN¥10.1m | CN¥5.3m | −CN¥7.5m | −CN¥5.7m | CN¥339,036 | −CN¥14.3m | −CN¥27.9m | −CN¥21.7m |
| Net income | CN¥5.6m | CN¥6.0m | −CN¥11.3m | −CN¥2.9m | CN¥837,468 | −CN¥13.0m | −CN¥26.3m | −CN¥21.3m |
| Diluted earnings per share | 0.01 | 0.01 | -0.02 | -0.00 | 0.00 | -0.02 | -0.06 | -0.05 |
| Cash from operations | — | — | — | CN¥17.0m | CN¥16.0m | CN¥19.0m | — | CN¥16.0m |
| Capital spending | −CN¥4.0m | −CN¥5.0m | −CN¥39.0m | −CN¥7.0m | −CN¥6.0m | −CN¥15.0m | −CN¥64.0m | −CN¥7.0m |
| Free cash flow | — | — | — | CN¥10.0m | CN¥10.0m | CN¥4.0m | — | CN¥9.0m |
| Total assets | CN¥1.74bn | CN¥1.78bn | CN¥1.75bn | CN¥1.77bn | CN¥1.79bn | CN¥1.68bn | CN¥1.60bn | CN¥1.67bn |
| Cash and short-term investments | — | — | — | CN¥256.3m | CN¥270.9m | CN¥321.4m | CN¥302.1m | CN¥286.2m |
| Debt | CN¥46.0m | CN¥56.6m | CN¥51.6m | CN¥177.6m | CN¥173.9m | CN¥204.3m | CN¥184.2m | CN¥169.6m |
| Shareholders' equity | CN¥964.1m | CN¥955.0m | CN¥945.4m | CN¥947.6m | CN¥947.1m | CN¥944.3m | CN¥956.3m | CN¥973.2m |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -5.1% | -16.7% | -3.0% | -36.7% | -15.2% | 18.2% |
| Net margin | -4.7% | -17.2% | -3.9% | -36.2% | -10.9% | 18.4% |
| Return on equity | -2.8% | -8.6% | -1.8% | -20.5% | -5.4% | 8.3% |
| Return on assets | -1.5% | -5.1% | -1.2% | -13.6% | -4.0% | 7.2% |
| Free cash flow yield | 2.0% | 2.5% | 1.6% | -0.6% | -0.1% | 2.4% |
| Revenue growth | 18.3% | 0.5% | -3.7% | -9.4% | 6.9% | 9.8% |
| Earnings growth | -67.8% | 344.8% | -89.7% | 200.4% | -163.6% | -2.8% |
| Current ratio | 0.70x | 0.91x | 1.09x | 1.09x | 1.84x | 6.03x |
| Debt to equity | 0.05x | 0.19x | 0.15x | 0.17x | 0.07x | 0.01x |
| Equity ratio | 54.1% | 59.6% | 65.3% | 66.3% | 74.4% | 87.2% |
| Interest coverage | -5.57x | -10.30x | -2.28x | -39.65x | -40.15x | 224.15x |
| R&D as a share of sales | 20.9% | 22.4% | 25.2% | 31.4% | 29.3% | 20.9% |
| Buybacks as a share of market value | -43.2% | 25.5% | -48.2% | 11.8% | -13.0% | -21.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | 2.1% | — |
| Operating income | -46.4% | — | — |
| Net income | -47.2% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -403.7 | -60.8 | -349.4 | -17.6 | -105.5 | 112.0 |
| Price to sales | 18.8 | 10.4 | 13.6 | 6.4 | 11.5 | 20.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2021.
| FY2021 | FY2020 | |
|---|---|---|
| Paid in the year | 0.025 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.