H 
9.52
-2.76%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥25.66bn
FY2016FY2025
Net income
CN¥888.8m
FY2016FY2025
Free cash flow
−CN¥1.19bn
FY2016FY2025
Shareholders' equity
CN¥6.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.66bn | CN¥16.96bn | CN¥17.05bn | CN¥20.71bn | CN¥18.54bn | CN¥13.78bn | CN¥14.17bn | CN¥12.69bn | CN¥11.96bn | CN¥15.18bn |
| Research and development | CN¥885.3m | CN¥813.5m | CN¥736.5m | CN¥735.3m | CN¥710.6m | CN¥326.2m | CN¥484.1m | CN¥131.0m | CN¥236.3m | CN¥85.7m |
| Operating income | — | CN¥946.8m | CN¥1.21bn | CN¥3.24bn | CN¥2.30bn | CN¥826.8m | CN¥30.4m | CN¥355.8m | −CN¥4.10bn | −CN¥1.42bn |
| Net income | CN¥888.8m | CN¥652.5m | CN¥452.1m | CN¥2.16bn | CN¥1.57bn | CN¥115.8m | CN¥164.4m | CN¥268.8m | −CN¥5.09bn | −CN¥1.25bn |
| Diluted earnings per share | -0.14 | 0.60 | 0.43 | 2.41 | 1.75 | 2.07 | 0.19 | -1.24 | -5.17 | -1.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥45.99bn | CN¥26.71bn | CN¥21.47bn | CN¥19.67bn | CN¥20.87bn | CN¥22.02bn | CN¥23.13bn | CN¥23.91bn | CN¥32.55bn | CN¥39.77bn |
| Cash and short-term investments | — | CN¥3.24bn | CN¥2.97bn | CN¥3.42bn | CN¥3.84bn | CN¥3.77bn | CN¥2.68bn | CN¥3.00bn | CN¥3.97bn | CN¥5.70bn |
| Total liabilities | CN¥32.45bn | CN¥17.93bn | CN¥12.81bn | CN¥12.86bn | CN¥16.90bn | CN¥20.67bn | CN¥21.98bn | CN¥21.98bn | CN¥30.98bn | CN¥32.97bn |
| Debt | CN¥12.87bn | CN¥11.88bn | CN¥4.37bn | CN¥6.94bn | CN¥7.12bn | CN¥11.63bn | CN¥12.73bn | CN¥12.00bn | CN¥13.18bn | CN¥15.53bn |
| Shareholders' equity | CN¥6.80bn | CN¥7.36bn | CN¥6.58bn | CN¥4.68bn | CN¥2.41bn | CN¥326.2m | CN¥167.0m | CN¥1.07bn | CN¥629.0m | CN¥5.81bn |
| Shares outstanding | — | 1,083m | 1,057m | 898m | 898m | 56m | 884m | — | 984m | 737m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.61bn | CN¥768.2m | CN¥1.63bn | CN¥3.86bn | CN¥3.66bn | CN¥1.26bn | CN¥2.25bn | CN¥166.0m | CN¥1.23bn | CN¥2.45bn |
| Capital spending | −CN¥4.80bn | −CN¥4.66bn | −CN¥1.75bn | −CN¥2.24bn | −CN¥969.5m | −CN¥625.7m | −CN¥714.1m | −CN¥802.1m | −CN¥1.12bn | −CN¥1.17bn |
| Free cash flow | −CN¥1.19bn | −CN¥3.90bn | −CN¥122.0m | CN¥1.62bn | CN¥2.69bn | CN¥635.0m | CN¥1.54bn | −CN¥636.1m | CN¥114.9m | CN¥1.29bn |
| Dividends paid | −CN¥719.0m | −CN¥532.4m | −CN¥393.8m | −CN¥345.2m | −CN¥552.3m | −CN¥732.2m | −CN¥849.9m | −CN¥911.1m | −CN¥966.4m | −CN¥973.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.64bn | CN¥6.76bn | CN¥6.49bn | CN¥7.16bn | CN¥8.06bn | CN¥3.95bn | CN¥3.44bn | CN¥4.46bn |
| Operating income | CN¥405.1m | CN¥442.5m | CN¥145.3m | CN¥564.4m | CN¥909.7m | CN¥87.2m | −CN¥73.5m | CN¥321.9m |
| Net income | CN¥138.2m | CN¥181.1m | CN¥77.2m | CN¥412.7m | CN¥364.9m | CN¥34.0m | −CN¥105.9m | CN¥218.6m |
| Diluted earnings per share | -0.02 | -0.03 | -0.01 | -0.07 | -0.06 | -0.01 | -0.10 | 0.20 |
| Cash from operations | — | — | — | CN¥1.83bn | CN¥1.17bn | CN¥112.0m | −CN¥9.0m | CN¥278.0m |
| Capital spending | −CN¥1.42bn | −CN¥915.0m | −CN¥1.34bn | −CN¥803.0m | −CN¥1.25bn | −CN¥1.41bn | −CN¥1.45bn | −CN¥1.87bn |
| Free cash flow | — | — | — | CN¥1.03bn | −CN¥73.0m | −CN¥1.29bn | −CN¥1.46bn | −CN¥1.59bn |
| Total assets | CN¥47.34bn | CN¥47.06bn | CN¥45.99bn | CN¥45.04bn | CN¥44.31bn | CN¥26.59bn | CN¥26.71bn | CN¥24.89bn |
| Cash and short-term investments | — | — | — | CN¥3.38bn | CN¥3.83bn | CN¥2.00bn | CN¥3.24bn | CN¥3.93bn |
| Debt | CN¥13.71bn | CN¥13.43bn | CN¥12.87bn | CN¥6.90bn | CN¥16.79bn | CN¥12.17bn | CN¥11.87bn | CN¥9.84bn |
| Shareholders' equity | CN¥7.73bn | CN¥7.02bn | CN¥6.80bn | CN¥5.90bn | CN¥5.45bn | CN¥7.42bn | CN¥7.36bn | CN¥7.40bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.5% | 5.6% | 7.1% | 15.6% | 12.4% | 6.0% |
| Net margin | 3.5% | 3.8% | 2.7% | 10.4% | 8.5% | 0.8% |
| Return on equity | 13.1% | 8.9% | 6.9% | 46.3% | 65.2% | 35.5% |
| Return on assets | 1.9% | 2.4% | 2.1% | 11.0% | 7.5% | 0.5% |
| Free cash flow yield | -11.6% | 43.7% | 27.8% | 59.2% | 44.9% | 293.2% |
| Revenue growth | 51.3% | -0.5% | -17.7% | 11.7% | 34.6% | -2.8% |
| Earnings growth | 36.2% | 44.3% | -79.1% | 37.9% | 1255.0% | -29.6% |
| Current ratio | 0.62x | 0.80x | 0.60x | 0.74x | 0.61x | 0.56x |
| Debt to equity | 1.89x | 1.61x | 0.66x | 1.48x | 2.96x | 34.30x |
| Equity ratio | 14.8% | 27.6% | 30.6% | 23.8% | 11.5% | 1.5% |
| Interest coverage | 3.62x | 4.06x | 5.00x | 9.55x | 4.50x | 1.10x |
| R&D as a share of sales | 3.5% | 4.8% | 4.3% | 3.6% | 3.8% | 2.4% |
| Buybacks as a share of market value | 681.6% | -2.4% | -17.8% | -0.0% | -1501.7% | 93.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.4% | 13.2% | 3.4% |
| Net income | -25.7% | 50.3% | 38.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | 3.6% | 5.2% | 5.2% | -0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -100.7 | 20.9 | 24.5 | 6.1 | 12.2 | 1.6 | 15.6 | -2.3 | -0.8 | -4.7 |
| Price to sales | -3.5 | 0.8 | 0.7 | 0.6 | 1.0 | 0.0 | 0.2 | -0.1 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 15 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.20 | 0.32 | 0.10 | 0.01 | 0.01 | 0.01 | 0.10 |
- 1.433-for-1 split · 31 May 2012
- 2-for-1 split · 5 Jun 2006
- 1-to-1 reverse split · 20 Apr 2006
- 11-for-10 split · 23 May 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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