DHC Software Co., Ltd. Class A

DHC Software Co., Ltd. Class A

SSZSE:002065
6.63
CNY
+0.25
(+3.92%)
22.89BMarket Cap
Oct 26Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.6
1.75
1.83
2.06
2.32
2.7
2.84
2.94
3.4
3.69
3.6
4.16
4.03
- -
Basic EPS, GAAP
0.28
0.35
0.37
0.29
0.21
0.26
0.19
0.18
0.14
0.12
0.14
0.16
0.15
- -
Free Cash Flow per Basic Share
-0.03
-0.08
-0.06
-0.19
0.03
0.08
0.07
0.04
0.13
-0.06
0.02
0.19
0.95
- -
Dividend per Share
0.05
0.03
0.06
0.07
0.05
0.1
0.08
0.12
0.08
0.09
0.09
0.1
0.09
0.04
Book Value per Share
1.34
2.08
2.72
2.8
2.83
2.97
3.06
3.18
3.41
3.48
3.58
3.75
3.84
3.91
Tangible Book Value per Share
1.14
1.71
2.11
2.26
2.46
2.67
2.81
2.92
3.14
3.22
3.33
3.52
3.62
3.69
Basic Weighted Avg Shares
2,761
2,962
3,079
3,140
3,140
3,132
3,115
3,115
3,204
3,206
3,205
3,205
3,205
3,207
Sales/Revenue/Turnover
4,423
5,171
5,629
6,477
7,290
8,471
8,849
9,167
10,884
11,833
11,524
13,323
12,928
- -
Operating Margin (%)
19.8
21.6
18.02
17.01
13.97
12.07
11.68
7.98
6.26
6.59
6.54
5.49
5.83
- -
Depreciation Expense
63
131
176
189
190
178
111
74
113
136
145
153
160
- -
Net Income, GAAP
771
1,039
1,142
900
664
806
584
550
460
400
438
500
477
- -
Effective Tax Rate (%)
9.71
7.67
8.1
10.94
12.57
3.42
9.46
3.76
1.17
0.55
1.33
- -
1.03
- -
Profit Margin (%)
17.43
20.09
20.28
13.89
9.11
9.52
6.6
6
4.22
3.38
3.8
3.75
3.69
- -
Working Capital
3,431
4,385
5,227
6,215
6,733
7,090
7,471
7,535
8,284
8,455
8,727
8,736
9,014
9,504
LT Debt
766
68
- -
4
4
- -
62
65
52
31
16
24
19
12
Total Equity
3,714
6,295
8,611
8,906
9,021
9,343
9,599
10,023
11,107
11,477
12,010
12,449
12,776
12,955
Return on Invested Capital (%)
18.69
17.59
13.15
8.48
6.91
4.89
5.05
4.43
2.77
2.87
4.18
- -
3.08
- -
Return on Capital (%)
20.94
18.62
14.44
10.09
7.19
8.45
5.97
5.35
4.8
3.39
2.34
- -
3.06
- -
Return on Common Equity (%)
23.79
20.77
15.44
10.41
7.51
8.89
6.22
5.66
4.41
3.62
3.88
4.25
3.92
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,247
6,115
6,278
LT Borrowings
- -
- -
- -
LT Finance Leases
19
16
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,205
3,205
3,205
Market Capitalization
29,330
25,516
22,887

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,652
20,106
20,740
Cash, Cash Equivalents & STI
2,983
1,809
1,726
Accounts Receivable, Net
6,856
6,650
7,148
Inventories
9,595
9,705
9,714
Total Current Liabilities
12,637
10,964
11,236
Payables & Accruals
- -
- -
- -
ST Debt
7,247
6,115
6,278
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.05%
5.01%
2.62%
Free Cash Flow
164.58%
281.36%
397.82%
Net Income, GAAP
-6.96%
-2.07%
-4.49%
Sales/Revenue/Turnover
8.93%
7.5%
-2.96%
Total Cash Common Dividend
9.74%
-3.08%
-9.09%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,210
2,513
2,463
5,136
13,323
2025
3,109
2,514
- -
4,440
12,928
2026
2,878
2,392
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.07
0.06
- -
0.16
2025
0.02
0.06
- -
0.04
0.15
2026
0.02
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.05
0.03
0.1
2025
0.01
0.02
- -
0.02
0.09
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Zhi Guo Hou
Full Time Employees
10,757
Sector
Technology services
Industry
Packaged software
Address
Donghua Hechuang Building Beijing BE China 100190
IPO Date
Aug 29, 2006
Business
DHC Software Co., Ltd. is a China-based technology company specializing in application software development, computer information system integration, and information technology services. Its core products and services include smart hospital systems, health and elderly care solutions, medical insurance platforms, and internet medical products. The company also develops financial products and solutions tailored for banks, trusts, consumer finance companies, auto finance, and other financial institutions. Additionally, DHC offers cloud and smart city products and solutions, encompassing smart city blueprint planning, total integration delivery, industry-specific applications, digital infrastructure, and operation centers. Other offerings span industry 4.0, emergency management, network security, enterprise management, data centers, public security, legal and contract software, logistics, water conservancy, and tobacco industry solutions. The company serves various sectors, including healthcare, government, finance, telecommunications, transportation, and manufacturing across China and internationally in countries such as Uzbekistan, Bangladesh, and Congo (Brazzaville). Founded in 2001, DHC Software is headquartered in Beijing, China. In recent developments, DHC Software established a comprehensive strategic partnership with Tencent Group in 2025, facilitating collaboration across multiple business scenarios. The company has also launched major AI-driven products including a "large model" and integrated machine focused on medical big data and artificial intelligence, aiming to lead China’s healthcare digitalization and intelligence efforts. This AI initiative includes clinical decision support systems promoted across top-tier hospitals, and collaboration with key partners like Digital Silk Road Xinjiang Industry Investment Group, Shanghai Zexin Software, and Zhongke Dawning. Furthermore, DHC continues to enhance its cloud computing capabilities through alliances with global and domestic tech leaders such as Huawei and Alibaba. The company actively invests about 10% of its annual revenue into research and development, driving innovation across its product portfolio. DHC also announced a proposed final dividend for 2024 and reported an increase in profit and revenue in recent periods, reflecting its stable financial health and operational growth. DHC Software’s comprehensive industry application software offerings and customized integration solutions position it as a leading provider in China’s IT and digital healthcare sectors, with expanding influence in international markets through strategic partnerships and continuous technological innovation. Its business segments extend to finance, healthcare, industrial automation, public safety, and smart city infrastructure, supporting a broad client base that includes government entities, financial institutions, hospitals, and industrial enterprises.