G 
20.10
-3.32%
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¥4.78bn
FY2016FY2025
Net income
CN¥1.08bn
FY2016FY2025
Free cash flow
CN¥208.7m
FY2016FY2025
Shareholders' equity
CN¥2.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.78bn | CN¥1.92bn | CN¥1.20bn | CN¥1.55bn | CN¥1.71bn | CN¥907.6m | CN¥1.02bn | CN¥1.23bn | CN¥1.24bn | CN¥1.11bn |
| Research and development | CN¥40.1m | CN¥623 | CN¥623 | CN¥623 | — | — | — | — | CN¥15,000 | CN¥15,000 |
| Operating income | CN¥1.29bn | CN¥104.6m | CN¥75.5m | CN¥186.9m | CN¥267.8m | CN¥188.1m | CN¥213.8m | CN¥489.8m | CN¥535.1m | CN¥302.8m |
| Net income | CN¥1.08bn | −CN¥112.6m | CN¥62.7m | CN¥185.4m | CN¥207.5m | CN¥147.2m | CN¥170.9m | CN¥405.0m | CN¥412.4m | CN¥234.3m |
| Diluted earnings per share | 0.91 | -0.10 | 0.06 | 0.16 | 0.19 | 0.13 | 0.15 | 0.36 | 0.36 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.13bn | CN¥9.27bn | CN¥8.75bn | CN¥7.76bn | CN¥5.47bn | CN¥3.57bn | CN¥2.67bn | CN¥2.62bn | CN¥2.38bn | CN¥1.96bn |
| Cash and short-term investments | CN¥906.8m | CN¥174.3m | CN¥215.2m | CN¥146.9m | CN¥179.8m | CN¥834.3m | CN¥497.7m | CN¥517.7m | CN¥762.5m | CN¥351.5m |
| Total liabilities | CN¥7.73bn | CN¥5.84bn | CN¥5.47bn | CN¥4.54bn | CN¥2.47bn | CN¥1.15bn | CN¥533.7m | CN¥282.4m | CN¥185.1m | CN¥185.3m |
| Debt | — | CN¥3.04bn | CN¥2.52bn | CN¥2.14bn | CN¥1.17bn | CN¥704.0m | — | — | CN¥4.0m | — |
| Shareholders' equity | CN¥2.60bn | CN¥2.99bn | CN¥2.94bn | CN¥2.85bn | CN¥2.60bn | CN¥2.42bn | CN¥2.13bn | CN¥2.34bn | CN¥2.17bn | CN¥1.75bn |
| Shares outstanding | 1,178m | 1,095m | 1,132m | 1,126m | 1,095m | 1,096m | 1,137m | 1,138m | 1,137m | 1,137m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.10bn | CN¥226.0m | CN¥580.7m | CN¥708.4m | CN¥404.2m | CN¥263.3m | CN¥339.2m | CN¥477.0m | CN¥508.7m | CN¥413.3m |
| Capital spending | −CN¥887.6m | −CN¥579.1m | −CN¥575.3m | −CN¥1.10bn | −CN¥683.5m | −CN¥337.4m | −CN¥264.4m | −CN¥91.5m | −CN¥98.9m | −CN¥111.7m |
| Free cash flow | CN¥208.7m | −CN¥353.1m | CN¥5.4m | −CN¥392.1m | −CN¥279.3m | −CN¥74.1m | CN¥74.8m | CN¥385.6m | CN¥409.7m | CN¥301.5m |
| Dividends paid | −CN¥116.5m | −CN¥132.2m | −CN¥128.3m | −CN¥31.7m | −CN¥15.3m | −CN¥23.9m | −CN¥23.9m | −CN¥113.7m | −CN¥113.7m | −CN¥4.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.67bn | CN¥1.70bn | CN¥3.09bn | CN¥633.0m | CN¥555.5m | CN¥529.8m | CN¥538.7m | CN¥602.5m |
| Operating income | CN¥795.0m | CN¥604.0m | CN¥1.37bn | −CN¥45.7m | −CN¥62.5m | CN¥18.8m | −CN¥92.6m | CN¥48.5m |
| Net income | CN¥553.5m | CN¥353.2m | CN¥626.0m | −CN¥70.3m | −CN¥90.9m | CN¥611.6m | −CN¥164.6m | CN¥9.0m |
| Diluted earnings per share | 0.47 | 0.30 | 0.53 | -0.06 | -0.08 | 0.52 | -0.15 | 0.01 |
| Cash from operations | — | — | CN¥1.41bn | CN¥24.0m | −CN¥2.0m | −CN¥336.0m | CN¥28.0m | CN¥22.0m |
| Capital spending | −CN¥268.0m | −CN¥355.0m | −CN¥395.0m | −CN¥203.0m | −CN¥127.0m | −CN¥160.0m | −CN¥226.0m | −CN¥164.0m |
| Free cash flow | — | — | CN¥1.01bn | −CN¥179.0m | −CN¥129.0m | −CN¥496.0m | −CN¥198.0m | −CN¥142.0m |
| Total assets | CN¥15.55bn | CN¥12.27bn | CN¥11.13bn | CN¥8.41bn | CN¥8.21bn | CN¥7.68bn | CN¥9.27bn | CN¥9.12bn |
| Cash and short-term investments | — | — | CN¥906.8m | CN¥1.19bn | CN¥1.37bn | CN¥1.23bn | CN¥174.3m | CN¥221.2m |
| Debt | CN¥5.05bn | CN¥2.83bn | CN¥4.61bn | CN¥926.9m | CN¥1.71bn | CN¥1.68bn | CN¥1.85bn | CN¥2.09bn |
| Shareholders' equity | CN¥3.39bn | CN¥3.00bn | CN¥2.60bn | CN¥3.47bn | CN¥3.52bn | CN¥3.61bn | CN¥2.99bn | CN¥3.06bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 27.0% | 5.5% | 6.3% | 12.1% | 15.7% | 20.7% | — | — |
| Net margin | 22.5% | -5.9% | 5.2% | 12.0% | 12.1% | 16.2% | — | — |
| Return on equity | 41.4% | -3.8% | 2.1% | 6.5% | 8.0% | 6.1% | — | — |
| Return on assets | 9.7% | -1.2% | 0.7% | 2.4% | 3.8% | 4.1% | — | — |
| Free cash flow yield | 6.5% | 2.8% | 3.9% | 6.2% | 3.8% | 2.1% | — | — |
| Revenue growth | 149.5% | 60.4% | -22.7% | -9.5% | 88.4% | -11.1% | — | — |
| Earnings growth | -1056.2% | -279.5% | -66.2% | -10.7% | 41.0% | -13.9% | — | — |
| Current ratio | 0.50x | 0.15x | 0.15x | 0.14x | 0.37x | 3.36x | — | — |
| Debt to equity | 1.77x | 0.62x | 0.67x | 0.58x | 0.36x | 0.29x | — | — |
| Equity ratio | 23.4% | 32.3% | 33.6% | 36.8% | 47.5% | 67.8% | — | — |
| Interest coverage | 8.04x | 0.84x | 1.84x | 6.44x | 9.75x | 92.05x | — | — |
| R&D as a share of sales | 0.8% | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% |
| Buybacks as a share of market value | -7.6% | 3.3% | -0.6% | -2.8% | 0.0% | 3.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.7% | 39.4% | 15.9% |
| Operating income | 90.5% | 47.0% | 13.9% |
| Net income | 79.7% | 48.9% | 14.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 20.8% | 17.6% | 17.5% | 22.6% |
| Net margin | 14.4% | 12.8% | 13.0% | 17.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.4 | -115.7 | 186.2 | 98.4 | 73.8 | 73.9 | 91.2 | 32.4 | 30.2 | 43.7 |
| Price to sales | 6.8 | 6.8 | 9.8 | 11.8 | 9.0 | 12.0 | 15.3 | 10.7 | 10.0 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2024.
| FY2024 | FY2023 | FY2021 | FY2018 | FY2001 | FY1999 | FY1997 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.035 | 0.014 | 0.10 | 0.087 | 0.065 | 0.053 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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