BlueFocus Intelligent Communications Group Co., Ltd. (BLUEFOCUS) financials

SHZ · Communication Services · Advertising Agencies · 2,431 employees · CEO An Min Pan

Price: CN¥12.15 +5.56%
Market cap: CN¥43.6B
Enterprise value: CN¥41.5B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-29

Revenue (TTM)CN¥70.7B+6.4% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)0.4%+0.9 pp vs a year agoOperating income CN¥314M

Net income (TTM)CN¥336M+254.0% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)CN¥446M-32.1% vs a year agoCapex CN¥44M

Diluted EPS (TTM)CN¥0.09+201.1% vs a year agoSum of the last 4 quarters

Net cashCN¥2.13B-6.6% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: CN¥43.6B
Revenue: CN¥70.7B
Revenue growth: +5%
Profit margin: 0.5%
P/E: 129.9×
P/S: 0.6×
EV / EBITDA: 106.7×
Free cash flow: CN¥446M
Net income: CN¥336M
Revenue estimate: CN¥72.3B
Earnings: 2027-04-29
Dividend: CN¥0.01

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Revenue growth slowing: -1.1% year on yearQ3 '26 revenue CN¥18.5B, against an average of 15.5% over the four quarters before.
Operating margin 0.4% (TTM), +0.9 pp on a year agoOperating income grew 215.6% while revenue grew 6.4%.
21.4% of pre-tax profit is non-operatingPre-tax income CN¥399M vs operating income CN¥314M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
Capex 0.1% of revenue (a year ago 0.0%)CN¥44M invested in the last 4 quarters (+692.3% on a year earlier). Free cash flow CN¥446M = 132.9% of net income.
Returned CN¥90.6M to shareholders = 20.3% of free cash flowBuybacks CN¥0 (a year earlier CN¥0), dividends CN¥90.6M, stock-based pay CN¥0 (TTM).
Diluted share count up 42.1% in a year3.59B diluted shares in Q3 '26, 2.53B a year earlier.
Net cash CN¥2.13BCash + short-term investments CN¥4.38B, debt incl. leases CN¥2.25B; a year ago net cash CN¥2.28B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	CN¥18.5B	CN¥18.7B	-1.1%
Gross margin	2.5%	2.4%	+0.1 pp
Operating income	CN¥36.7M	CN¥40.3M	-9.0%
Operating margin	0.2%	0.2%	0.0 pp
Net income	CN¥95.5M	CN¥99.2M	-3.8%
Diluted EPS	CN¥0.03	CN¥0.04	-32.3%
Operating cash flow	-CN¥461M	CN¥509M	-190.6%
Capex	CN¥40.6M	CN¥2.04M	+1,895.0%
Free cash flow	-CN¥502M	CN¥507M	-198.9%
R&D	CN¥65M	CN¥32.2M	+101.9%
Stock-based compensation	CN¥0	CN¥0	–

Reported vs consensus

2026-10-26

	Actual	Consensus	vs consensus
Revenue	CN¥18.5B	CN¥19.6B	-5.4%

From the report of 2026-10-26 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: CN¥490M
Capex: -CN¥44M
Buybacks: CN¥0
Dividends: -CN¥90.6M
Acquisitions: CN¥1.13M
Net debt issued: CN¥25.6M
Stock-based compensation: CN¥0
Free cash flow: CN¥446M
Returned to shareholders / FCF: 20.3%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	129.9×	128.3× 3 of 5 years	51.1× – 182.9×
EV / EBITDA	106.7×	70.9× 4 of 5 years	23.7× – 130.3×
EV / Sales	0.6×	0.4×	0.3× – 0.6×
Price / FCF	97.7×	92.7×	12.9× – 320.0×
Price / Book	5.4×	3.0×	1.7× – 5.2×
FCF yield	1.0%	3.2%	0.3% – 7.8%
Return on invested capital	2.5%	-3.7%	-21.1% – 4.5%
Return on equity	4.2%	-4.6%	-29.3% – 5.5%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	CN¥72.3B	+5.3%	CN¥0.11	+68.1%	114.8×	1
FY2027	CN¥76.8B	+6.2%	CN¥0.12	+9.8%	104.5×	1
FY2028	CN¥78.9B	+2.8%	CN¥0.12	+0.5%	104.0×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02