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Xuan Wu Cloud Technology Holdings Limited logo

Xuan Wu Cloud Technology Holdings Limited

2392.HK

HKSETechnologySoftware - Application

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Latest quote

HK$1.03

+HK$0.01 · +0.98%

Aug 24, 4:08 PM HKT

2392.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Xuan Wu Cloud Technology Holdings Limited functions as an investment holding entity, providing advanced customer relationship management (CRM) services across the People's Republic of China. The company's portfolio includes both CRM platform-as-a-service (PaaS) and software-as-a-service (SaaS) offerings. It primarily serves various sectors, such as fast-moving consumer goods (FMCG), financial services, technology, media, and telecommunications (TMT), as well as governmental and related organizations. Established in 2010, the firm's headquarters are located in Guangzhou, within the People's Republic of China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Hairong Li
Listed since
Jul 8, 2022
Employees
363

Market position

Day range

Current HK$1.03

52-week range

Current HK$1.03

Open
HK$0.99
Previous close
HK$1.02
Volume
17.5K
0.1× average
Average volume
172.02K
Average daily volume
Market cap
571.69M HKD
Beta
0.67
Market reference 1
50-day average
HK$1.0416
-1.11% below average
200-day average
HK$1.2339
-16.52% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
566.16M CNY
P/E (TTM)
-8.81×
P/B (TTM)
1.71×
P/S (TTM)
0.65×
EV / EBITDA
-23.25×
Earnings yield
-9.45%
Free cash flow yield
13.01%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
14.40%
Operating margin
-4.36%
Net margin
-7.11%
Return on equity
-19.04%
Return on assets
-9.63%
Return on invested capital
-7.68%

Financial health

Debt / equity
0.47×
Current ratio
1.86×
Altman Z-score
4.46
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%14%2%-10%Gross margin, FY2021: 23.43%Gross margin, FY2022: 21.63%Gross margin, FY2023: 15.97%Gross margin, FY2024: 18.22%Gross margin, FY2025: 14.75%Operating margin, FY2021: 1.44%Operating margin, FY2022: -3.20%Operating margin, FY2023: -5.38%Operating margin, FY2024: 0.25%Operating margin, FY2025: -4.14%Net margin, FY2021: 1.46%Net margin, FY2022: -3.42%Net margin, FY2023: -5.65%Net margin, FY2024: 0.60%Net margin, FY2025: -7.12%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.43%. Gross margin FY2022 21.63%. Gross margin FY2023 15.97%. Gross margin FY2024 18.22%. Gross margin FY2025 14.75%. Operating margin FY2021 1.44%. Operating margin FY2022 -3.20%. Operating margin FY2023 -5.38%. Operating margin FY2024 0.25%. Operating margin FY2025 -4.14%. Net margin FY2021 1.46%. Net margin FY2022 -3.42%. Net margin FY2023 -5.65%. Net margin FY2024 0.60%. Net margin FY2025 -7.12%.

Income trends

Revenue

743.61M CNY-35.41%

Operating income

−30.8M CNY−33.67M CNY

Net income

−52.94M CNY−59.85M CNY
Income trends across reported periods1.42B CNY875.18M CNY333.73M CNY−207.73M CNYRevenue, FY2021: 991.94M CNYRevenue, FY2022: 1.04B CNYRevenue, FY2023: 1.28B CNYRevenue, FY2024: 1.15B CNYRevenue, FY2025: 743.61M CNYOperating income, FY2021: 14.31M CNYOperating income, FY2022: −33.35M CNYOperating income, FY2023: −68.9M CNYOperating income, FY2024: 2.87M CNYOperating income, FY2025: −30.8M CNYNet income, FY2021: 14.51M CNYNet income, FY2022: −35.68M CNYNet income, FY2023: −72.36M CNYNet income, FY2024: 6.91M CNYNet income, FY2025: −52.94M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 991.94M CNY. Revenue FY2022 1.04B CNY. Revenue FY2023 1.28B CNY. Revenue FY2024 1.15B CNY. Revenue FY2025 743.61M CNY. Operating income FY2021 14.31M CNY. Operating income FY2022 −33.35M CNY. Operating income FY2023 −68.9M CNY. Operating income FY2024 2.87M CNY. Operating income FY2025 −30.8M CNY. Net income FY2021 14.51M CNY. Net income FY2022 −35.68M CNY. Net income FY2023 −72.36M CNY. Net income FY2024 6.91M CNY. Net income FY2025 −52.94M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue743.61M CNY1.15B CNY1.28B CNY1.04B CNY991.94M CNY
Cost of goods sold653.72M CNY941.5M CNY1.08B CNY817.73M CNY759.55M CNY
Gross profit109.65M CNY209.78M CNY204.65M CNY225.65M CNY232.39M CNY
Research and development31.57M CNY30.28M CNY92.62M CNY82.72M CNY66.13M CNY
Selling, general, and administrative110.74M CNY140.86M CNY183.2M CNY187.68M CNY159.54M CNY
Operating expenses140.44M CNY206.91M CNY273.55M CNY259M CNY220.36M CNY
Interest income117.87K CNY773K CNY1.95M CNY1.15M CNY750K CNY
Interest expense3.3M CNY4.57M CNY4.75M CNY4.1M CNY2.58M CNY
Depreciation and amortization7.72M CNY2.28M CNY11.36M CNY13.24M CNY13.59M CNY
Operating income−30.8M CNY2.87M CNY−68.9M CNY−33.35M CNY14.31M CNY
Net income−52.94M CNY6.91M CNY−72.36M CNY−35.68M CNY14.51M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.06-0.01-0.07-0.14Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q1 2023, reported Mar 28, 2023: actual -0.067, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual -0.04, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -0.102, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual -0.013, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 0.023, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual -0.053, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual -0.058, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates864.81M693.23M521.65M350.07MQ1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q1 2023, reported Mar 28, 2023: actual 667M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 572.71M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 829.31M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual 695.66M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 535.95M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 449.57M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 385.57M HKD, estimate —, surprise —, Comparison unavailable.

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