Merit Interactive Co.,Ltd. (SHE:300766)

China · Delayed Price · Currency is CNY

22.09

+0.03 (0.14%)

Sep 14, 2026, 12:19 PM CST

Merit Interactive Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Revenue	568.93	515.64	470.36	429.91	525.9	600.53
Revenue Growth	20.58%	9.63%	9.41%	-18.25%	-12.43%	19.76%
Gross Profit	345.83	312.77	345.1	294.8	330.57	387.11
Operating Income	-30.48	-46.06	-10.55	-71.68	-2.68	66.03
Net Income	-13.93	-34.99	-64.76	-49.93	26.29	114.08
Earnings Per Share	-0.04	-0.09	-0.17	-0.13	0.07	0.29
EPS Growth	-	-	-	-	-75.86%	61.11%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Developer Services	50.73
Data Services	444.33
Others	20.57
Total	515.64

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Investments	291.7	396.45	450.84	769.47	1,046	1,104
Total Debt	4.49	14.99	1.6	153.76	195.93	91.71
Net Cash (Debt)	287.22	381.46	449.24	615.72	850.43	1,013
Net Cash Growth	-7.37%	-15.09%	-27.04%	-27.60%	-16.02%	-5.52%
Net Cash Per Share	0.78	0.98	1.18	1.60	2.26	2.57

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Cash Flow	65.12	47.57	18.85	12.1	68.34	249.87
Capital Expenditures	-127.87	-148.75	-126.67	-150.33	-180.37	-141.95
Free Cash Flow	-62.75	-101.18	-107.82	-138.24	-112.04	107.93
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Gross Margin	60.79%	60.66%	73.37%	68.57%	62.86%	64.46%
Operating Margin	-5.36%	-8.93%	-2.24%	-16.67%	-0.51%	10.99%
Pretax Margin	-4.53%	-9.18%	-16.56%	-17.66%	6.42%	21.46%
Profit Margin	-2.45%	-6.79%	-13.77%	-11.61%	5.00%	19.00%
FCF Margin	-11.03%	-19.62%	-22.92%	-32.16%	-21.30%	17.97%

Dividends

Fiscal Year	FY 2022	FY 2021
Period Ending	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Dividend Per Share	0.050	0.050
Dividend Per Share Growth	0%	0%
Dividend Yield	0.48%	0.32%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
PE Ratio	-	-	-	-	156.62	53.69
Forward PE	-	74.21	74.21	134.17	19.57	19.57
P/FCF Ratio	-	-	-	-	-	56.75
PS Ratio	15.31	25.09	12.18	14.03	7.83	10.20