Fenbi Limited

Fenbi Limited

2469.HK
Fenbi LimitedHK flagHong Kong Stock Exchange
0.46
HKD
+0.00
- -
1.00BMarket Cap
Fenbi Limited
2469.HK
(Hong Kong Stock Exchange)

Recent

price

0.46

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
FRC
0.55
1.02
1.63
1.34
1.4
1.3
1.25
Revenue per Share
0.07
-0.23
-0.98
-1
0.09
0.11
0.09
Basic EPS, GAAP
0.2
0.15
-0.54
-0.06
0.25
0.13
0.1
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.06
-0.18
-1.15
-2.15
-2.01
-1.92
-1.84
Book Value per Share
0.08
-3.14
-3.93
-5.18
0.59
0.56
0.61
Tangible Book Value per Share
2,097
2,097
2,097
2,097
2,154
2,143
2,133
Basic Weighted Avg Shares
1,160
2,132
3,429
2,810
3,021
2,790
2,677
Sales/Revenue/Turnover
15.14
-24.12
-36.41
4.51
6.18
7.44
6.18
Operating Margin (%)
27
91
292
160
100
76
72
Depreciation Expense
154
-484
-2,046
-2,089
189
240
198
Net Income, GAAP
16.28
- -
- -
- -
8
8.57
10.69
Effective Tax Rate (%)
13.28
-22.72
-59.67
-74.32
6.24
8.59
7.4
Profit Margin (%)
117
-533
28
565
1,049
830
934
Working Capital
41
179
268
102
72
41
34
LT Debt
178
-6,576
-8,235
-10,863
1,268
1,203
1,309
Total Equity
- -
- -
- -
- -
-3.72
13.7
10.7
Return on Invested Capital (%)
- -
- -
- -
- -
-4.54
-5.93
-5.11
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-10.17%
8.75%
Free Cash Flow
- -
-230.33%
-19.79%
Net Income, GAAP
- -
45.02%
-17.3%
Sales/Revenue/Turnover
- -
7.71%
-4.06%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3,021
2024
- -
- -
- -
- -
2,790
2025
- -
- -
- -
- -
2,677

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.09
2024
- -
- -
- -
- -
0.11
2025
- -
- -
- -
- -
0.09

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Fenbi Ltd. (2469.HK) is an investment holding company engaged in providing non-formal vocational education and training services in China, focusing on career test preparation for recruitment and qualification examinations. The company offers a comprehensive portfolio of tutoring services through omni-channel delivery, including online learning products such as membership packages and challenge exercises priced between RMB20 to RMB598; large-class live tutoring courses with systematic knowledge explanations priced between RMB300 to RMB1,280; small-class sessions for written and interview tests with 8 to 60 students priced over RMB7,000; and other specialized tutoring courses; alongside sales of textbooks, learning materials, and related printing services. Fenbi operates primarily through its tutoring services segment, which accounts for approximately 84% of revenue, and the books sales segment; it leverages technology for personalized learning, AI-powered features like essay correction, online simulation exams, and real-time interaction, serving adult students targeting government institutions and professions such as civil service, public institutions, teachers, judiciary, banking, medical, construction, and accounting exams. Founded in 2015 by Zhang Xiaolong, who serves as chairman and CEO, Fenbi is headquartered at 1-6/F, Building 103, No. 10 Courtyard Jiuxianqiao North Road, Chaoyang District, Beijing, with over 150 learning centers across 36 provinces and cities in China; the company employs around 7,177 full-time staff, including 3,026 instructors, and maintains an average monthly active user base exceeding 9 million. It was incorporated in the Cayman Islands in 2020 and listed on the Hong Kong Stock Exchange in 2024. In recent developments, Fenbi disposed of its subsidiary Sichuan Lancai Shumei Technology Co., Ltd. in May 2024, launched an AI written test product in May 2024 and AI one-on-one interview review at year-end 2024, repurchased treasury shares for RMB444 million, granted over 11.2 million restricted share units to 223 employees under its 2023 incentive scheme, and entered a new cloud services and technical services agreement in 2025 via Fenbi Bluesky; its chairman purchased 810,000 shares for HK$2.4 million in October 2025, while revenue declined 7.7% to RMB2.79 billion in 2024 amid competition, with adjusted net profit of RMB363 million.