H 
1.94
-1.02%
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¥118.14bn
FY2016FY2025
Net income
CN¥1.00bn
FY2016FY2025
Free cash flow
−CN¥6.66bn
FY2016FY2025
Shareholders' equity
CN¥59.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥118.14bn | CN¥121.62bn | CN¥122.74bn | CN¥143.47bn | CN¥149.63bn | CN¥107.66bn | CN¥121.50bn | CN¥120.96bn | CN¥108.98bn | CN¥74.55bn |
| Gross profit | CN¥21.15bn | CN¥11.60bn | CN¥12.33bn | CN¥13.23bn | CN¥16.14bn | CN¥13.21bn | CN¥15.68bn | CN¥17.15bn | CN¥13.42bn | CN¥10.15bn |
| Research and development | CN¥2.70bn | CN¥2.36bn | CN¥2.56bn | CN¥3.06bn | CN¥3.70bn | CN¥2.82bn | CN¥3.29bn | CN¥3.36bn | CN¥2.03bn | CN¥1.41bn |
| Operating income | CN¥6.32bn | CN¥492.1m | CN¥864.6m | CN¥916.3m | CN¥3.27bn | CN¥2.43bn | CN¥3.61bn | CN¥5.37bn | CN¥3.10bn | CN¥1.58bn |
| Net income | CN¥1.00bn | CN¥707.4m | CN¥1.08bn | CN¥1.39bn | CN¥2.69bn | CN¥1.70bn | CN¥2.55bn | CN¥3.63bn | CN¥1.82bn | CN¥1.56bn |
| Diluted earnings per share | 0.08 | 0.07 | 0.14 | 0.12 | 0.25 | 0.14 | 0.21 | 0.27 | 0.17 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥271.64bn | CN¥269.10bn | CN¥266.52bn | CN¥253.91bn | CN¥243.42bn | CN¥241.76bn | CN¥223.12bn | CN¥208.75bn | CN¥190.15bn | CN¥185.99bn |
| Cash and short-term investments | — | CN¥31.82bn | CN¥46.09bn | CN¥34.48bn | CN¥35.02bn | CN¥28.42bn | CN¥24.97bn | CN¥28.15bn | CN¥17.01bn | CN¥14.27bn |
| Total liabilities | CN¥203.26bn | CN¥201.52bn | CN¥199.52bn | CN¥187.37bn | CN¥182.53bn | CN¥181.33bn | CN¥163.30bn | CN¥149.79bn | CN¥142.49bn | CN¥139.36bn |
| Debt | CN¥46.57bn | CN¥113.27bn | CN¥107.96bn | CN¥98.88bn | CN¥95.64bn | CN¥88.58bn | CN¥70.98bn | CN¥62.58bn | CN¥61.33bn | CN¥58.13bn |
| Shareholders' equity | CN¥59.23bn | CN¥58.23bn | CN¥57.91bn | CN¥55.00bn | CN¥51.04bn | CN¥57.86bn | CN¥57.58bn | CN¥56.37bn | CN¥45.83bn | CN¥44.82bn |
| Shares outstanding | 12,907m | 10,337m | 7,923m | 11,492m | 10,802m | 12,535m | 11,969m | 13,426m | 10,942m | 9,661m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥9.90bn | CN¥9.68bn | CN¥11.21bn | CN¥9.24bn | CN¥14.70bn | CN¥7.69bn | CN¥9.81bn | CN¥9.98bn | CN¥16.41bn | CN¥1.22bn |
| Capital spending | −CN¥16.56bn | −CN¥19.03bn | −CN¥17.56bn | −CN¥21.26bn | −CN¥9.80bn | −CN¥11.23bn | −CN¥10.97bn | −CN¥11.10bn | −CN¥13.59bn | −CN¥10.59bn |
| Free cash flow | −CN¥6.66bn | −CN¥9.35bn | −CN¥6.35bn | −CN¥12.03bn | CN¥4.90bn | −CN¥3.54bn | −CN¥1.16bn | −CN¥1.12bn | CN¥2.81bn | −CN¥9.36bn |
| Dividends paid | −CN¥5.97bn | −CN¥6.56bn | −CN¥6.68bn | −CN¥5.33bn | −CN¥6.08bn | −CN¥4.36bn | −CN¥5.35bn | −CN¥4.53bn | −CN¥4.24bn | −CN¥2.98bn |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥33.14bn | CN¥34.58bn | CN¥31.30bn | CN¥21.60bn | CN¥30.23bn | CN¥33.77bn | CN¥32.54bn | CN¥32.27bn |
| Gross profit | CN¥2.29bn | CN¥2.89bn | CN¥2.99bn | CN¥4.82bn | CN¥2.19bn | CN¥2.60bn | CN¥2.98bn | CN¥3.98bn |
| Operating income | CN¥1.00bn | CN¥1.29bn | CN¥1.61bn | CN¥2.27bn | CN¥278.5m | CN¥357.0m | CN¥217.5m | CN¥35.4m |
| Net income | CN¥57.0m | CN¥314.6m | CN¥323.0m | CN¥179.0m | CN¥224.9m | CN¥365.8m | CN¥232.2m | CN¥138.7m |
| Diluted earnings per share | 0.00 | 0.02 | 0.03 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 |
| Cash from operations | — | — | — | — | CN¥3.24bn | CN¥3.01bn | CN¥3.05bn | CN¥1.81bn |
| Capital spending | −CN¥2.39bn | −CN¥3.35bn | −CN¥1.95bn | −CN¥6.61bn | −CN¥3.81bn | −CN¥3.69bn | −CN¥2.45bn | −CN¥7.17bn |
| Free cash flow | — | — | — | — | −CN¥577.0m | −CN¥677.0m | CN¥602.0m | −CN¥5.37bn |
| Total assets | CN¥273.06bn | CN¥270.82bn | CN¥271.08bn | CN¥271.64bn | CN¥271.74bn | CN¥267.06bn | CN¥273.09bn | CN¥269.10bn |
| Cash and short-term investments | — | — | — | — | CN¥26.64bn | CN¥26.04bn | CN¥30.66bn | CN¥31.82bn |
| Debt | CN¥56.82bn | CN¥55.27bn | CN¥58.05bn | CN¥46.57bn | CN¥102.92bn | CN¥109.39bn | CN¥113.73bn | CN¥110.75bn |
| Shareholders' equity | CN¥60.38bn | CN¥59.38bn | CN¥59.55bn | CN¥59.23bn | CN¥51.64bn | CN¥58.95bn | CN¥59.47bn | CN¥58.23bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.9% | 9.5% | 10.0% | 9.2% | 10.8% | 12.3% |
| Operating margin | 5.4% | 5.5% | 0.7% | 0.6% | 6.1% | 2.3% |
| Net margin | 0.8% | 0.6% | 0.9% | 1.0% | 1.8% | 1.6% |
| Return on equity | 1.7% | 1.2% | 1.9% | 2.5% | 5.3% | 2.9% |
| Return on assets | 0.4% | 0.3% | 0.4% | 0.5% | 1.1% | 0.7% |
| Free cash flow yield | 102.0% | 138.1% | 180.7% | 132.0% | 112.9% | 75.1% |
| Revenue growth | -2.9% | -0.9% | -14.4% | -4.1% | 39.0% | -11.4% |
| Earnings growth | 41.6% | -34.7% | -22.3% | -48.1% | 58.3% | -33.3% |
| Current ratio | 0.47x | 0.45x | 0.51x | 0.48x | 0.50x | 0.46x |
| Debt to equity | 0.79x | 1.90x | 1.81x | 1.74x | 1.80x | 1.52x |
| Equity ratio | 21.8% | 21.6% | 21.7% | 21.7% | 21.0% | 23.9% |
| Interest coverage | 1.36x | 0.99x | 0.13x | 0.15x | 1.41x | 0.44x |
| R&D as a share of sales | 2.3% | 1.9% | 2.1% | 2.1% | 2.5% | 2.6% |
| Buybacks as a share of market value | -24.9% | -30.5% | 31.1% | -6.4% | 13.8% | -4.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.3% | 1.9% | 4.9% |
| Operating income | 90.4% | 21.1% | 27.9% |
| Net income | -10.4% | -10.0% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.7% | 11.5% | 11.5% | 12.1% |
| Operating margin | 2.8% | 1.7% | 1.9% | 2.3% |
| Net margin | 0.7% | 0.8% | 1.1% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.8 | 32.3 | 15.6 | 18.6 | 9.9 | 16.5 | 12.1 | 10.5 | 23.5 | 20.7 |
| Price to sales | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 23 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.03 | 0.04 | 0.04 | 0.10 | 0.10 | 0.103 | 0.10 |
- 8-for-5 split · 28 Jul 2008
- 1-to-1 reverse split · 21 Dec 2005
- 13-for-10 split · 19 Jun 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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