CHINA NETCOM TECHNOLOGY HOLDINGS LIMITED

Cash flow China Netcom Technology Holdings Limited

Stocks

8071

KYG2117P1458

IT Services & Consulting

Market Closed - Hong Kong S.E. 04:08:14 2026-08-25 EDT			5-day change	1st Jan Change
0.6900 ^HKD	+20.00%		-17.37%	-40.00%

05-08	China Netcom Technology Holdings Limited commences an Equity Buyback Plan for 468,604,838 shares, representing 10% of its issued share capital, under the authorization approved on June 5, 2025.	CI
04-20	China Netcom Technology proposes share consolidation	RE

89132c9a34d99a04df8c17cf2e0f.O3YRIQ24sXxrjGaNhbSJ4xIAwRkmOzEAjUDoQ1AVED0.bx54dFrK2SMgzSvLy-75l0JSh2BLZF1YyQKSBDpifGwNDCkMSOHGHw37FQ

Published financial data: CHINA NETCOM TECHNOLOGY HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	36.33M	27.28M	22.01M	26.92M	36.73M
Total Revenues	36.33M	27.28M	22.01M	26.92M	36.73M
Cost of Goods Sold, Total	32.31M	21.42M	15.91M	26.61M	31.29M
Gross Profit	4.02M	5.86M	6.1M	310K	5.43M
Selling General & Admin Expenses, Total	20.79M	16.02M	14.64M	11.35M	9.42M
Provision for Bad Debts	-	-	1.87M	982K	184K
Other Operating Expenses	2.31M	-	-	-	-
Other Operating Expenses, Total	23.1M	16.02M	16.51M	12.34M	9.6M
Operating Income	-19.08M	-10.16M	-10.41M	-12.03M	-4.17M
Interest Expense, Total	-170K	-112K	-42K	-23K	-
Interest And Investment Income	673K	412K	379K	315K	126K
Net Interest Expenses	503K	300K	337K	292K	126K
Currency Exchange Gains (Loss)	371K	-535K	-63K	-457K	-81K
Other Non Operating Income (Expenses)	413K	-158K	55K	384K	463K
EBT, Excl. Unusual Items	-17.79M	-10.55M	-10.08M	-11.81M	-3.66M
Gain (Loss) On Sale Of Investments	-	-115K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	11K
Asset Writedown	-	-	-	-	-
Other Unusual Items	163K	24K	2K	-36K	6K
EBT, Incl. Unusual Items	-17.62M	-10.64M	-10.08M	-11.84M	-3.64M
Income Tax Expense	-2.12M	-	21K	-16K	172K
Earnings From Continuing Operations	-15.51M	-10.64M	-10.1M	-11.83M	-3.82M
Earnings Of Discontinued Operations	-6.59M	-486K	-1.62M	2.52M	-556K
Net Income to Company	-22.1M	-11.13M	-11.72M	-9.3M	-4.37M
Minority Interest	2.9M	1.38M	1.61M	1.7M	-585K
Net Income - (IS)	-19.2M	-9.75M	-10.11M	-7.6M	-4.96M
Net Income to Common Incl Extra Items	-19.2M	-9.75M	-10.11M	-7.6M	-4.96M
Net Income to Common Excl. Extra Items	-12.61M	-9.26M	-8.49M	-10.12M	-4.4M
Per Share Items
Net EPS - Basic	-0.2	-0.1	-0.11	-0.08	-0.05
Basic EPS - Continuing Operations	-0.13	-0.1	-0.09	-0.11	-0.05
Basic Weighted Average Shares Outstanding	93.72M	93.72M	93.72M	93.72M	93.72M
Net EPS - Diluted	-0.2	-0.1	-0.11	-0.08	-0.05
Diluted EPS - Continuing Operations	-0.13	-0.1	-0.09	-0.11	-0.05
Diluted Weighted Average Shares Outstanding	93.72M	93.72M	93.72M	93.72M	93.72M
Normalized Basic EPS	-0.09	-0.06	-0.05	-0.06	-0.03
Normalized Diluted EPS	-0.09	-0.06	-0.05	-0.06	-0.03
Supplemental Items
EBITDA	-19.02M	-10.14M	-10.39M	-12.02M	-4.15M
EBITA	-19.08M	-10.16M	-10.41M	-12.03M	-4.15M
EBIT	-19.08M	-10.16M	-10.41M	-12.03M	-4.17M
EBITDAR	-18.91M	-10.02M	-10.39M	-	-4.05M
Effective Tax Rate - (Ratio)	12.01	-	-0.21	0.14	-4.72
Current Domestic Taxes	-2.12M	-	-	-	182K
Total Current Taxes	-2.12M	-	-	-	182K
Deferred Domestic Taxes	-	-	21K	-16K	-10K
Total Deferred Taxes	-	-	21K	-16K	-10K
Normalized Net Income	-8.22M	-5.21M	-4.69M	-5.67M	-2.87M
Interest on Long-Term Debt	118K	60K	42K	23K	-
Supplemental Operating Expense Items
General and Administrative Expenses	20.79M	16.02M	14.64M	11.35M	9.42M
Net Rental Expense, Total	110K	111K	1K	-	102K
Imputed Operating Lease Interest Expense	32.57K	28.49K	497	-	-
Imputed Operating Lease Depreciation	77.43K	82.51K	503	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	48.96M	28.2M	18M	13.28M	16.07M
Short Term Investments	3.94M	6.52M	2.26M	1.46M	213K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	52.9M	34.72M	20.26M	14.74M	16.28M
Accounts Receivable, Total	15.46M	4.54M	8.93M	17K	4.02M
Other Receivables	18.35M	1K	3K	5K	2K
Total Receivables	33.81M	4.54M	8.93M	22K	4.02M
Inventory	49K	38K	41K	40K	-
Prepaid Expenses	1.86M	1.09M	2.24M	627K	1.28M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	-	568K	-	-	-
Total Current Assets	88.62M	40.95M	31.47M	15.43M	21.59M
Gross Property Plant And Equipment	4.33M	2.74M	3.39M	2.48M	1.51M
Accumulated Depreciation	-2.34M	-2.33M	-2.23M	-2.23M	-1.51M
Net Property Plant And Equipment	1.99M	410K	1.16M	251K	0
Long-term Investments	330K	-	-	-	-
Other Intangibles, Total	-	-	-	-	133K
Deferred Tax Assets Long-Term	-	-	151K	-	5K
Total Assets	90.94M	41.36M	32.78M	15.68M	21.73M
Liabilities
Accounts Payable, Total	14.14M	7.41M	9.34M	204K	11.94M
Accrued Expenses, Total	1.01M	1.68M	1.05M	1.59M	837K
Short-term Borrowings	4.95M	-	-	-	2.1M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.46M	288K	839K	226K	-
Current Income Taxes Payable	-	-	-	-	181K
Unearned Revenue Current, Total	1.1M	850K	1.34M	227K	408K
Other Current Liabilities	27.64M	3.4M	2.7M	3.21M	911K
Total Current Liabilities	50.29M	13.64M	15.26M	5.45M	16.38M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	290K	-	226K	-	-
Deferred Tax Liability Non Current	-	-	172K	5K	-
Total Liabilities	50.58M	13.64M	15.66M	5.46M	16.38M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	23.43M	23.43M	23.43M	23.43M	23.43M
Additional Paid In Capital	3.48B	3.48B	3.48B	3.48B	3.48B
Retained Earnings	-3.58B	-3.59B	-3.6B	-3.61B	-3.61B
Comprehensive Income and Other	118M	117M	118M	118M	118M
Total Common Equity	38.68M	27.4M	18.38M	10.78M	5.84M
Minority Interest	1.68M	331K	-1.26M	-549K	-494K
Total Equity	40.36M	27.73M	17.12M	10.23M	5.35M
Total Liabilities And Equity	90.94M	41.36M	32.78M	15.68M	21.73M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	93.72M	93.72M	93.72M	93.72M	93.72M
ECS Total Common Shares Outstanding	93.72M	93.72M	93.72M	93.72M	93.72M
Book Value / Share	0.41	0.29	0.2	0.11	0.06
Tangible Book Value	38.68M	27.4M	18.38M	10.78M	5.71M
Tangible Book Value Per Share	0.41	0.29	0.2	0.11	0.06
Total Debt	6.69M	288K	1.06M	226K	2.1M
Net Debt	-46.2M	-34.43M	-19.19M	-14.52M	-14.18M
Debt Equivalent Oper. Leases	880K	888K	8K	-	816K
Minority Interest, Total (Incl. Fin. Div)	1.68M	331K	-1.26M	-549K	-494K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	49K	38K	41K	40K	-
Machinery, Total	982K	943K	821K	820K	94K
Full Time Employees	70	55	21	12	15
Accumulated Allowance for Doubtful Accounts (Supple)	2.42M	2.8M	4.1M	4.22M	89K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-19.2M	-9.75M	-10.11M	-7.6M	-4.96M
Depreciation & Amortization - CF	2.09M	1.18M	923K	448K	28K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	20K
Depreciation & Amortization, Total	2.09M	1.18M	923K	448K	48K
(Gain) Loss From Sale Of Asset	-	-	-	-	-11K
(Gain) Loss on Sale of Investments - (CF)	-	115K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	2.34M	629K	2.07M	982K	152K
Net Cash From Discontinued Operations	28K	-490K	-1.62M	671K	166K
Other Operating Activities, Total	2.72M	-1.21M	854K	-4.5M	714K
Change In Accounts Receivable	-17.33M	7.14M	-3.53M	9.4M	-4.82M
Change In Inventories	46K	7K	-3K	-	-
Change In Accounts Payable	13.38M	-6.24M	1.28M	-8.88M	10.1M
Change in Unearned Revenues	328K	-45K	507K	-581K	184K
Change in Other Net Operating Assets	5.85M	-5.24M	11K	1.01M	-895K
Cash from Operations	-9.76M	-13.9M	-9.62M	-9.05M	685K
Capital Expenditure	-38K	-16K	-	-	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Divestitures	-	-82K	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-154K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	673K	433K	380K	4.93M	126K
Cash from Investing	635K	335K	380K	4.93M	-28K
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	2.1M
Total Debt Issued	-	-	-	-	2.1M
Short Term Debt Repaid, Total	-	-4.8M	-	-	-
Long-Term Debt Repaid, Total	-2.08M	-1.22M	-896K	-416K	-
Total Debt Repaid	-2.08M	-6.02M	-896K	-416K	-
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	4.68M	-169K	-42K	-23K	-
Cash from Financing	2.6M	-6.19M	-938K	-439K	2.1M
Foreign Exchange Rate Adjustments	674K	-996K	-27K	-8K	28K
Net Change in Cash	-5.84M	-20.76M	-10.21M	-4.56M	2.79M
Supplemental Items
Cash Interest Paid	118K	169K	42K	23K	-
Cash Income Tax Paid (Refund)	-1.68M	-	-	-	5K
Levered Free Cash Flow	-7.35M	-6.31M	-9.51M	-5.75M	1.72M
Unlevered Free Cash Flow	-7.24M	-6.24M	-9.48M	-5.74M	1.72M
Change In Net Working Capital	-2.63M	1.06M	3.9M	-1.33M	-4.43M
Net Debt Issued / Repaid	-2.08M	-6.02M	-896K	-416K	2.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-15.15	-9.6	-17.54	-31.02	-13.93
Return on Total Capital	-22.85	-16.92	-28.15	-52.49	-29.1
Return On Equity %	-32.59	-31.26	-45.02	-86.5	-49
Return on Common Equity	-26.48	-28.03	-37.08	-69.43	-52.96
Margin Analysis
Gross Profit Margin %	11.08	21.49	27.73	1.15	14.8
SG&A Margin	57.22	58.73	66.52	42.18	25.64
EBITDA Margin %	-52.34	-37.15	-47.19	-44.67	-11.29
EBITA Margin %	-52.5	-37.24	-47.28	-44.68	-11.29
EBIT Margin %	-52.5	-37.24	-47.28	-44.68	-11.35
Income From Continuing Operations Margin %	-42.69	-39.01	-45.87	-43.94	-10.39
Net Income Margin %	-52.83	-35.72	-45.92	-28.23	-13.49
Net Avail. For Common Margin %	-34.7	-33.94	-38.56	-37.6	-11.98
Normalized Net Income Margin	-22.61	-19.1	-21.31	-21.08	-7.82
Levered Free Cash Flow Margin	-20.22	-23.13	-43.21	-21.38	4.69
Unlevered Free Cash Flow Margin	-19.93	-22.87	-43.09	-21.32	4.69
Asset Turnover
Asset Turnover	0.46	0.41	0.59	1.11	1.96
Fixed Assets Turnover	15.6	22.72	28.06	38.18	292.64
Receivables Turnover (Average Receivables)	4.06	2.73	3.27	6.02	18.19
Inventory Turnover (Average Inventory)	455.03	492.39	402.73	656.99	-
Short Term Liquidity
Current Ratio	1.76	3	2.06	2.83	1.32
Quick Ratio	1.72	2.88	1.91	2.71	1.24
Operating Cash Flow to Current Liabilities	-0.19	-1.02	-0.63	-1.66	0.04
Days Sales Outstanding (Average Receivables)	89.95	133.79	111.65	60.81	20.07
Days Outstanding Inventory (Average Inventory)	0.8	0.74	0.91	0.56	-
Average Days Payable Outstanding	81.7	183.76	192.11	65.61	-
Cash Conversion Cycle (Average Days)	9.04	-49.23	-79.55	-4.25	-
Long Term Solvency
Total Debt/Equity	16.59	1.04	6.22	2.21	39.35
Total Debt / Total Capital	14.23	1.03	5.86	2.16	28.24
LT Debt/Equity	0.72	-	1.32	-	-
Long-Term Debt / Total Capital	0.62	-	1.24	-	-
Total Liabilities / Total Assets	55.62	32.97	47.77	34.8	75.39
EBIT / Interest Expense	-112.21	-90.71	-247.76	-522.87	-
EBITDA / Interest Expense	-99.94	-80.16	-225.79	-503.39	-
(EBITDA - Capex) / Interest Expense	-100.16	-80.3	-225.79	-503.39	-
Total Debt / EBITDA	-0.39	-0.03	-0.11	-0.02	-0.51
Net Debt / EBITDA	2.72	3.83	2.02	1.25	3.44
Total Debt / (EBITDA - Capex)	-0.39	-0.03	-0.11	-0.02	-0.51
Net Debt / (EBITDA - Capex)	2.71	3.83	2.02	1.25	3.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.92	-20.68	-18.69	65.84	36.44
Gross Profit, 1 Yr. Growth %	-65.76	66.14	7.98	-86.59	1.65K
EBITDA, 1 Yr. Growth %	56.44	-31.87	-1.86	-10.01	-65.5
EBITA, 1 Yr. Growth %	51.44	-31.97	-1.88	-10.12	-65.51
EBIT, 1 Yr. Growth %	51.44	-31.97	-1.88	-10.12	-65.34
Earnings From Cont. Operations, 1 Yr. Growth %	15	-27.67	-3.48	-9.5	-67.74
Net Income, 1 Yr. Growth %	10.86	-49.23	3.71	-24.83	-34.77
Normalized Net Income, 1 Yr. Growth %	-21.72	-31.57	-11.6	11.45	-49.38
Diluted EPS Before Extra, 1 Yr. Growth %	-22.78	-21.61	-6.49	1.18	-56.53
Accounts Receivable, 1 Yr. Growth %	532.65	-70.64	96.67	-99.81	23.56K
Inventory, 1 Yr. Growth %	-47.31	-22.45	7.89	-2.44	-
Net Property, Plant and Equip., 1 Yr. Growth %	-25.28	-79.42	182.68	-78.34	-100
Total Assets, 1 Yr. Growth %	36.97	-54.52	-20.76	-52.15	38.54
Tangible Book Value, 1 Yr. Growth %	-31.6	-29.17	-32.9	-41.38	-47.03
Common Equity, 1 Yr. Growth %	-31.6	-29.17	-32.9	-41.38	-45.79
Cash From Operations, 1 Yr. Growth %	-59.34	42.53	-30.8	-5.99	-107.57
Capital Expenditures, 1 Yr. Growth %	22.58	-57.89	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-54.05	17.67	44.31	-49.38	-129.91
Unlevered Free Cash Flow, 1 Yr. Growth %	-51.25	18.14	45.45	-49.39	-129.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-23.14	-11.24	-20	-0.28	50.42
Gross Profit, 2 Yr. CAGR %	-72.33	-29.37	31.51	-76.58	53.34
EBITDA, 2 Yr. CAGR %	-33.24	-8.69	-16.44	6.58	-44.28
EBITA, 2 Yr. CAGR %	-30.81	-10.19	-16.52	6.49	-44.32
EBIT, 2 Yr. CAGR %	-30.81	-10.19	-16.52	6.49	-44.19
Earnings From Cont. Operations, 2 Yr. CAGR %	162.48	-11.16	-17.17	6.33	-45.97
Net Income, 2 Yr. CAGR %	83.83	-24.98	-27.43	-11.7	-29.98
Normalized Net Income, 2 Yr. CAGR %	41.82	-29.53	-21.53	3.42	-24.89
Diluted EPS Before Extra, 2 Yr. CAGR %	223.21	-24.69	-15.23	5.6	-33.68
Accounts Receivable, 2 Yr. CAGR %	14.04	36.28	-24.02	-93.88	-32.88
Inventory, 2 Yr. CAGR %	-	-36.08	-8.53	2.6	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-73.27	-60.78	-23.72	-21.76	-
Total Assets, 2 Yr. CAGR %	-16.95	-21.07	-39.96	-38.42	-18.58
Tangible Book Value, 2 Yr. CAGR %	-13.09	-30.4	-31.06	-37.29	-44.28
Common Equity, 2 Yr. CAGR %	-13.09	-30.4	-31.06	-37.29	-43.63
Cash From Operations, 2 Yr. CAGR %	-52.31	-23.88	-0.69	-19.34	-73.32
Capital Expenditures, 2 Yr. CAGR %	18.63	-28.16	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-68.03	-37.18	33.18	-6.55	-61.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	-68.49	-35.19	34.01	-6.17	-61.05
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-10.08	-23.73	-14.02	-7.84	10.7
Gross Profit, 3 Yr. CAGR %	-50.92	-51.86	-19.62	-55.55	-1.3
EBITDA, 3 Yr. CAGR %	-2.7	-38.07	-5.11	-6.85	-26.82
EBITA, 3 Yr. CAGR %	1.42	-36.59	-6.17	-6.96	-26.87
EBIT, 3 Yr. CAGR %	1.42	-36.59	-6.17	-6.96	-26.75
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.84	67.84	-9.2	-7.02	-28.55
Net Income, 3 Yr. CAGR %	5.82	19.72	-16.42	-26.58	-20.18
Normalized Net Income, 3 Yr. CAGR %	-20.39	8.46	-23.55	-9.35	-18.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-13.14	97.24	-19.59	-5.02	-21.45
Accounts Receivable, 3 Yr. CAGR %	-13.49	-27.46	54	-89.68	-3.95
Inventory, 3 Yr. CAGR %	-54.55	-	-23.89	-6.54	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-41.53	-75.5	-24.25	-49.87	-
Total Assets, 3 Yr. CAGR %	-5.47	-32.05	-20.97	-44.34	-19.31
Tangible Book Value, 3 Yr. CAGR %	-13.03	-18.82	-31.24	-34.69	-40.72
Common Equity, 3 Yr. CAGR %	-13.03	-18.82	-31.24	-34.69	-40.26
Cash From Operations, 3 Yr. CAGR %	4.71	-31.31	-26.26	-2.49	-63.34
Capital Expenditures, 3 Yr. CAGR %	-84.59	-16.01	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-34.32	-55.56	-15.9	2.39	-36.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	-33.64	-55.93	-13.89	2.82	-35.85
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	78.39	7.1	-15.12	-15.23	1.18
Gross Profit, 5 Yr. CAGR %	70.66	-13.14	-29.09	-64.18	-14.3
EBITDA, 5 Yr. CAGR %	-7.01	-5.05	-12.83	-22.38	-19.35
EBITA, 5 Yr. CAGR %	-7.68	-6.57	-10.66	-21.3	-19.92
EBIT, 5 Yr. CAGR %	-11.89	-13.3	-10.66	-21.3	-19.84
Earnings From Cont. Operations, 5 Yr. CAGR %	-18.5	-31.65	-8.69	39.35	-22.32
Net Income, 5 Yr. CAGR %	-12.32	-27.39	-9	5.99	-22.14
Normalized Net Income, 5 Yr. CAGR %	-16.13	10.67	-22.04	6.79	-22.83
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.69	-30.03	-15.1	53.01	-23.07
Accounts Receivable, 5 Yr. CAGR %	-	148.4	-17.87	-73.02	10.48
Inventory, 5 Yr. CAGR %	-44.26	-51.62	-39.88	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.94	-31.47	-34.97	-61.02	-
Total Assets, 5 Yr. CAGR %	-0.25	-10.12	-21.17	-34.68	-20.02
Tangible Book Value, 5 Yr. CAGR %	-10.09	29.04	-20.75	-26.78	-36.79
Common Equity, 5 Yr. CAGR %	48.99	29.04	-20.75	-26.78	-36.5
Cash From Operations, 5 Yr. CAGR %	-9.4	-5.52	2.52	-26.75	-50.9
Capital Expenditures, 5 Yr. CAGR %	-56.79	-58.98	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-14.03	-7.28	-18.18	-39.65	-35.97
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.77	1.78	-17.47	-39.85	-35.02