Z 
5.22
-0.19%
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¥235.50bn
FY2016FY2025
Net income
CN¥222.7m
FY2016FY2025
Free cash flow
CN¥443.8m
FY2016FY2025
Shareholders' equity
CN¥6.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥235.50bn | CN¥201.90bn | CN¥203.06bn | CN¥193.60bn | CN¥178.27bn | CN¥108.98bn | CN¥73.46bn | CN¥63.29bn | CN¥48.41bn | CN¥32.98bn |
| Gross profit | CN¥2.20bn | CN¥2.13bn | CN¥3.16bn | CN¥2.70bn | CN¥2.76bn | CN¥2.16bn | CN¥1.61bn | CN¥1.43bn | CN¥1.15bn | CN¥881.9m |
| Research and development | CN¥31.4m | CN¥15.9m | CN¥23.9m | CN¥30.8m | CN¥3.0m | CN¥1.5m | CN¥3.6m | CN¥4.3m | CN¥3.8m | CN¥3.8m |
| Operating income | CN¥1.09bn | CN¥776.2m | CN¥1.41bn | CN¥1.70bn | CN¥1.27bn | CN¥819.6m | CN¥761.4m | CN¥415.1m | CN¥221.9m | CN¥132.9m |
| Net income | CN¥222.7m | CN¥368.9m | CN¥682.9m | CN¥1.00bn | CN¥819.1m | CN¥555.1m | CN¥536.3m | CN¥305.9m | CN¥173.3m | CN¥125.3m |
| Diluted earnings per share | 0.25 | 0.40 | 0.86 | 1.36 | 1.03 | 0.79 | 0.76 | 0.42 | 0.25 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥41.74bn | CN¥34.94bn | CN¥34.48bn | CN¥26.07bn | CN¥23.09bn | CN¥18.20bn | CN¥14.71bn | CN¥11.64bn | CN¥10.76bn | CN¥7.28bn |
| Cash and short-term investments | — | CN¥5.63bn | CN¥6.41bn | CN¥5.71bn | CN¥6.34bn | CN¥3.91bn | CN¥2.56bn | CN¥2.07bn | CN¥2.19bn | CN¥1.92bn |
| Total liabilities | CN¥31.12bn | CN¥25.61bn | CN¥25.03bn | CN¥18.31bn | CN¥16.71bn | CN¥13.79bn | CN¥11.33bn | CN¥8.70bn | CN¥8.04bn | CN¥5.40bn |
| Debt | CN¥2.10bn | CN¥6.66bn | CN¥8.22bn | CN¥6.75bn | CN¥3.49bn | CN¥3.37bn | CN¥3.55bn | CN¥2.24bn | CN¥2.81bn | CN¥1.72bn |
| Shareholders' equity | CN¥6.77bn | CN¥5.72bn | CN¥5.87bn | CN¥5.28bn | CN¥4.52bn | CN¥3.09bn | CN¥3.20bn | CN¥2.80bn | CN¥2.60bn | CN¥1.69bn |
| Shares outstanding | 887m | 912m | 797m | 737m | 795m | 706m | 702m | 730m | 706m | 632m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥737.4m | −CN¥847.9m | −CN¥1.46bn | −CN¥3.81bn | CN¥2.44bn | CN¥1.16bn | CN¥66.8m | CN¥919.2m | −CN¥790.1m | CN¥287.3m |
| Capital spending | −CN¥293.5m | −CN¥309.7m | −CN¥488.5m | −CN¥514.9m | −CN¥206.1m | −CN¥254.8m | −CN¥245.4m | −CN¥102.1m | −CN¥52.1m | −CN¥81.9m |
| Free cash flow | CN¥443.8m | −CN¥1.16bn | −CN¥1.95bn | −CN¥4.33bn | CN¥2.23bn | CN¥909.9m | −CN¥178.6m | CN¥817.0m | −CN¥842.2m | CN¥205.4m |
| Dividends paid | −CN¥516.9m | −CN¥712.9m | −CN¥344.1m | −CN¥276.5m | −CN¥202.3m | −CN¥168.7m | −CN¥101.3m | −CN¥419.3m | −CN¥330.2m | −CN¥200.8m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥64.11bn | CN¥69.82bn | CN¥56.09bn | CN¥64.88bn | CN¥63.46bn | CN¥56.44bn | CN¥50.73bn | CN¥54.69bn |
| Gross profit | CN¥676.5m | CN¥942.7m | CN¥626.0m | CN¥787.7m | CN¥627.9m | CN¥290.8m | CN¥492.3m | CN¥502.2m |
| Operating income | CN¥324.5m | CN¥566.4m | CN¥371.8m | CN¥410.6m | CN¥149.0m | CN¥163.6m | CN¥312.1m | CN¥83.9m |
| Net income | CN¥7.0m | CN¥65.2m | CN¥187.0m | CN¥32.7m | −CN¥16.9m | CN¥14.5m | CN¥192.4m | −CN¥49.3m |
| Diluted earnings per share | 0.01 | 0.07 | 0.21 | 0.04 | -0.02 | 0.02 | 0.22 | -0.05 |
| Cash from operations | — | — | — | — | −CN¥1.79bn | −CN¥473.0m | −CN¥3.26bn | — |
| Capital spending | −CN¥129.0m | −CN¥123.0m | −CN¥34.0m | −CN¥117.0m | −CN¥73.0m | −CN¥24.0m | −CN¥78.0m | −CN¥240.0m |
| Free cash flow | — | — | — | — | −CN¥1.86bn | −CN¥497.0m | −CN¥3.34bn | — |
| Total assets | CN¥54.16bn | CN¥57.10bn | CN¥59.41bn | CN¥41.74bn | CN¥53.39bn | CN¥52.09bn | CN¥50.09bn | CN¥34.94bn |
| Cash and short-term investments | — | — | — | — | CN¥6.65bn | CN¥7.57bn | CN¥6.83bn | CN¥5.63bn |
| Debt | CN¥2.92bn | CN¥3.02bn | CN¥2.14bn | CN¥2.10bn | CN¥21.57bn | CN¥12.44bn | CN¥10.71bn | CN¥6.43bn |
| Shareholders' equity | CN¥8.40bn | CN¥7.90bn | CN¥7.95bn | CN¥6.77bn | CN¥4.76bn | CN¥5.78bn | CN¥5.92bn | CN¥5.72bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 0.9% | 1.1% | 1.6% | 1.4% | 1.5% | 2.0% |
| Operating margin | 0.6% | 0.7% | 0.9% | 1.1% | 1.1% | 1.4% |
| Net margin | 0.1% | 0.2% | 0.3% | 0.5% | 0.5% | 0.5% |
| Return on equity | 3.3% | 6.5% | 11.6% | 19.0% | 18.1% | 18.0% |
| Return on assets | 0.5% | 1.1% | 2.0% | 3.8% | 3.5% | 3.1% |
| Free cash flow yield | 19.6% | -10.0% | -20.6% | -75.5% | 56.2% | 33.9% |
| Revenue growth | 16.6% | -0.6% | 4.9% | 8.6% | 63.6% | 48.3% |
| Earnings growth | -39.6% | -46.0% | -31.8% | 22.3% | 47.6% | 3.5% |
| Current ratio | 1.34x | 1.26x | 1.28x | 1.32x | 1.27x | 1.20x |
| Debt to equity | 0.31x | 1.12x | 1.52x | 1.22x | 0.73x | 1.08x |
| Equity ratio | 16.2% | 16.4% | 17.0% | 20.3% | 19.6% | 17.0% |
| Interest coverage | 3.68x | 2.37x | 4.40x | 4.95x | 2.87x | 2.18x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 2.8% | -14.5% | -8.1% | 7.3% | -12.6% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.7% | 16.7% | 27.3% |
| Operating income | -13.6% | 5.9% | 65.4% |
| Net income | -39.4% | -16.7% | 10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.0% | 1.2% | 1.3% | 1.5% |
| Operating margin | 0.4% | 0.6% | 0.6% | 0.6% |
| Net margin | 0.1% | 0.3% | 0.3% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.6 | 16.3 | 8.5 | 6.6 | 10.8 | 8.5 | 7.7 | 11.7 | 23.0 | 44.0 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 5 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.20 | 0.35 | 0.50 | 0.41 | 0.30 | 0.25 | 0.15 |
- 1.293-for-1 split · 13 Jun 2018
- 13-for-10 split · 2 Jun 2017
- 1-to-1 reverse split · 13 Jun 2008
- 19-for-10 split · 25 Apr 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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