S 
Shenzhen Xinyichang Technology Co 688383.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
77.48
+1.87%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥726.8m
FY2017FY2025
Net income
−CN¥132.9m
FY2017FY2025
Free cash flow
−CN¥104.6m
FY2017FY2025
Shareholders' equity
CN¥1.37bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥726.8m | CN¥933.9m | CN¥1.04bn | CN¥1.18bn | CN¥1.20bn | CN¥704.3m | CN¥655.3m | CN¥698.9m | CN¥504.9m |
| Research and development | CN¥106.7m | CN¥97.6m | CN¥96.5m | CN¥89.6m | CN¥76.5m | CN¥49.3m | CN¥41.5m | CN¥33.8m | CN¥21.2m |
| Operating income | −CN¥162.0m | CN¥26.3m | CN¥73.2m | CN¥224.8m | CN¥268.5m | CN¥121.7m | CN¥109.8m | CN¥119.2m | CN¥60.3m |
| Net income | −CN¥132.9m | CN¥40.5m | CN¥60.3m | CN¥204.7m | CN¥232.0m | CN¥107.5m | CN¥87.8m | CN¥101.2m | CN¥51.5m |
| Diluted earnings per share | -1.18 | 0.41 | 0.59 | 2.03 | 2.27 | 1.40 | 1.14 | 0.90 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.98bn | CN¥2.83bn | CN¥2.61bn | CN¥2.44bn | CN¥2.43bn | CN¥1.29bn | CN¥899.4m | CN¥808.7m | CN¥636.1m |
| Cash and short-term investments | CN¥219.3m | CN¥207.9m | CN¥156.0m | CN¥364.9m | CN¥369.2m | CN¥80.9m | CN¥21.6m | CN¥30.5m | CN¥26.2m |
| Total liabilities | −CN¥1.37bn | CN¥1.44bn | CN¥1.22bn | CN¥1.07bn | CN¥1.18bn | CN¥716.6m | CN¥432.9m | CN¥463.4m | CN¥392.9m |
| Debt | CN¥203.5m | CN¥683.7m | CN¥729.8m | CN¥622.6m | CN¥208.4m | CN¥133.9m | CN¥121.7m | CN¥82.7m | CN¥61.4m |
| Shareholders' equity | CN¥1.37bn | CN¥1.39bn | CN¥1.39bn | CN¥1.37bn | CN¥1.25bn | CN¥575.2m | CN¥466.4m | CN¥344.2m | CN¥243.0m |
| Shares outstanding | 113m | 98m | 102m | 101m | 102m | 77m | 77m | 113m | 113m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥37.9m | CN¥139.4m | −CN¥960,014 | −CN¥273.1m | −CN¥96.1m | CN¥121.5m | CN¥44.3m | CN¥7.4m | −CN¥8.2m |
| Capital spending | −CN¥142.6m | −CN¥129.2m | −CN¥242.1m | −CN¥53.0m | −CN¥67.0m | −CN¥62.8m | −CN¥89.4m | −CN¥34.4m | −CN¥23.5m |
| Free cash flow | −CN¥104.6m | CN¥10.3m | −CN¥243.1m | −CN¥326.1m | −CN¥163.1m | CN¥58.7m | −CN¥45.0m | −CN¥27.0m | −CN¥31.7m |
| Dividends paid | −CN¥45.2m | −CN¥37.2m | −CN¥56.0m | −CN¥65.9m | −CN¥6.7m | −CN¥6.9m | −CN¥16.3m | −CN¥3.2m | −CN¥80.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥294.6m | CN¥251.9m | CN¥133.2m | CN¥192.0m | CN¥175.0m | CN¥226.7m | CN¥164.4m | CN¥209.3m |
| Operating income | CN¥46.7m | CN¥59.6m | −CN¥195.1m | CN¥5.7m | CN¥2.0m | CN¥13.1m | −CN¥49.2m | CN¥1.9m |
| Net income | CN¥25.9m | CN¥21.3m | −CN¥140.7m | CN¥5.2m | −CN¥9.1m | CN¥11.7m | −CN¥29.0m | CN¥3.2m |
| Diluted earnings per share | 0.23 | 0.19 | -1.25 | 0.05 | -0.08 | 0.10 | -0.30 | 0.03 |
| Cash from operations | — | — | — | CN¥26.0m | CN¥63.0m | −CN¥55.0m | — | — |
| Capital spending | −CN¥23.0m | −CN¥67.0m | −CN¥36.0m | −CN¥39.0m | −CN¥25.0m | −CN¥40.0m | −CN¥39.0m | −CN¥52.0m |
| Free cash flow | — | — | — | −CN¥13.0m | CN¥38.0m | −CN¥95.0m | — | — |
| Total assets | CN¥3.23bn | CN¥3.00bn | CN¥2.98bn | CN¥2.95bn | CN¥2.92bn | CN¥2.85bn | CN¥2.83bn | CN¥2.89bn |
| Cash and short-term investments | — | — | CN¥219.3m | CN¥219.3m | CN¥211.4m | CN¥172.9m | CN¥207.9m | CN¥194.3m |
| Debt | CN¥187.2m | CN¥198.2m | CN¥203.5m | CN¥796.0m | CN¥874.0m | CN¥770.9m | CN¥674.9m | CN¥683.1m |
| Shareholders' equity | CN¥1.28bn | CN¥1.26bn | CN¥1.37bn | CN¥1.37bn | CN¥1.38bn | CN¥1.39bn | CN¥1.39bn | CN¥1.42bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -22.3% | 5.5% | 7.3% | 20.5% | 22.4% | 18.0% |
| Net margin | -18.3% | 4.3% | 5.8% | 17.3% | 19.4% | 15.3% |
| Return on equity | -9.7% | 2.9% | 4.3% | 14.9% | 18.6% | 18.7% |
| Return on assets | -4.5% | 1.4% | 2.3% | 8.4% | 9.5% | 8.3% |
| Free cash flow yield | 1.4% | 2.5% | 2.1% | -2.0% | -0.3% | 2.2% |
| Revenue growth | -22.2% | -10.2% | -12.1% | -1.1% | 69.9% | 7.5% |
| Earnings growth | -428.5% | -32.9% | -70.5% | -11.8% | 115.8% | 22.5% |
| Current ratio | 1.30x | 1.52x | 1.67x | 1.87x | 1.78x | 1.61x |
| Debt to equity | 0.15x | 0.48x | 0.49x | 0.45x | 0.15x | -0.06x |
| Equity ratio | 45.9% | 49.2% | 53.1% | 56.1% | 51.3% | 44.5% |
| Interest coverage | -6.14x | 2.05x | 2.90x | 13.52x | 46.42x | 25.57x |
| R&D as a share of sales | 14.7% | 10.5% | 9.3% | 7.6% | 6.4% | 7.0% |
| Buybacks as a share of market value | -14.9% | 4.3% | -1.5% | 1.2% | -32.8% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.0% | 0.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -66.4 | 108.8 | 178.0 | 46.8 | 53.1 |
| Price to sales | 12.1 | 4.7 | 10.3 | 8.1 | 10.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 11 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.30 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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