D 
5.08
+0.79%
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¥4.57bn
FY2016FY2025
Net income
CN¥13.3m
FY2016FY2025
Free cash flow
−CN¥305.9m
FY2016FY2025
Shareholders' equity
CN¥6.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.57bn | CN¥5.35bn | CN¥6.53bn | CN¥7.36bn | CN¥8.75bn | CN¥7.26bn | CN¥7.30bn | CN¥7.26bn | CN¥7.05bn | CN¥6.53bn |
| Gross profit | CN¥1.22bn | CN¥1.34bn | CN¥1.68bn | CN¥1.77bn | CN¥2.27bn | CN¥2.13bn | CN¥2.64bn | CN¥2.63bn | CN¥2.50bn | CN¥2.17bn |
| Research and development | CN¥72.6m | CN¥102.3m | CN¥127.6m | CN¥130.4m | CN¥156.0m | CN¥136.4m | CN¥151.7m | CN¥148.7m | CN¥53.9m | CN¥123.1m |
| Operating income | CN¥99.4m | CN¥172.4m | CN¥401.1m | CN¥517.1m | CN¥762.0m | CN¥787.8m | CN¥859.6m | CN¥921.4m | CN¥854.5m | CN¥597.4m |
| Net income | CN¥13.3m | CN¥139.0m | CN¥332.7m | CN¥420.3m | CN¥595.1m | CN¥625.5m | CN¥719.6m | CN¥724.8m | CN¥659.2m | CN¥541.1m |
| Diluted earnings per share | 0.02 | 0.27 | 0.59 | 0.77 | 1.07 | 1.14 | 1.32 | 1.30 | 1.18 | 1.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.43bn | CN¥9.39bn | CN¥9.53bn | CN¥9.55bn | CN¥9.42bn | CN¥8.81bn | CN¥8.00bn | CN¥6.94bn | CN¥6.34bn | CN¥5.93bn |
| Cash and short-term investments | — | CN¥3.36bn | CN¥2.92bn | CN¥2.65bn | CN¥2.17bn | CN¥2.19bn | CN¥1.76bn | CN¥1.69bn | CN¥1.57bn | CN¥1.17bn |
| Total liabilities | CN¥2.63bn | CN¥2.51bn | CN¥2.66bn | CN¥2.93bn | CN¥3.09bn | CN¥3.01bn | CN¥2.74bn | CN¥2.44bn | CN¥2.67bn | CN¥2.90bn |
| Debt | — | CN¥67.2m | CN¥152.3m | CN¥252.5m | CN¥325.3m | CN¥341.2m | CN¥311.8m | CN¥233.2m | CN¥363.3m | CN¥867.6m |
| Shareholders' equity | CN¥6.66bn | CN¥6.75bn | CN¥6.71bn | CN¥6.46bn | CN¥6.11bn | CN¥5.61bn | CN¥5.07bn | CN¥4.33bn | CN¥3.49bn | CN¥2.90bn |
| Shares outstanding | 670m | 514m | 563m | 545m | 555m | 550m | 544m | 556m | 559m | 526m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥34.5m | CN¥734.9m | CN¥659.4m | CN¥650.7m | CN¥595.7m | CN¥885.2m | CN¥549.1m | CN¥1.00bn | CN¥1.19bn | CN¥1.04bn |
| Capital spending | −CN¥271.4m | −CN¥141.8m | −CN¥173.8m | −CN¥96.0m | −CN¥157.5m | −CN¥235.2m | −CN¥168.8m | −CN¥715.3m | −CN¥294.7m | −CN¥100.3m |
| Free cash flow | −CN¥305.9m | CN¥593.1m | CN¥485.7m | CN¥554.6m | CN¥438.2m | CN¥650.0m | CN¥380.3m | CN¥288.1m | CN¥894.7m | CN¥935.5m |
| Dividends paid | −CN¥113.4m | −CN¥104.0m | −CN¥87.6m | −CN¥87.6m | −CN¥87.6m | −CN¥69.6m | −CN¥72.0m | −CN¥120.2m | −CN¥122.5m | −CN¥130.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.30bn | CN¥767.6m | CN¥1.17bn | CN¥1.31bn | CN¥1.31bn | CN¥787.9m | CN¥1.58bn | CN¥1.40bn |
| Gross profit | CN¥140.8m | CN¥127.9m | CN¥342.8m | CN¥317.8m | CN¥389.3m | CN¥173.7m | CN¥359.5m | CN¥363.2m |
| Operating income | −CN¥96.8m | −CN¥103.8m | CN¥49.8m | CN¥37.4m | CN¥112.1m | −CN¥74.1m | CN¥18.9m | CN¥83.2m |
| Net income | −CN¥97.1m | −CN¥96.7m | −CN¥59.8m | CN¥37.5m | CN¥105.2m | −CN¥69.5m | CN¥5.0m | CN¥70.5m |
| Diluted earnings per share | -0.14 | -0.14 | -0.09 | 0.06 | 0.16 | -0.10 | 0.01 | 0.14 |
| Cash from operations | — | — | — | CN¥18.0m | CN¥10.0m | −CN¥36.0m | — | CN¥212.0m |
| Capital spending | −CN¥28.0m | −CN¥83.0m | −CN¥69.0m | −CN¥90.0m | −CN¥95.0m | −CN¥16.0m | −CN¥41.0m | −CN¥44.0m |
| Free cash flow | — | — | — | −CN¥72.0m | −CN¥85.0m | −CN¥52.0m | — | CN¥168.0m |
| Total assets | CN¥8.91bn | CN¥9.02bn | CN¥9.43bn | CN¥9.75bn | CN¥9.52bn | CN¥9.06bn | CN¥9.39bn | CN¥9.12bn |
| Cash and short-term investments | — | — | — | CN¥3.49bn | CN¥3.34bn | CN¥3.34bn | CN¥3.36bn | CN¥3.06bn |
| Debt | — | — | — | CN¥500.2m | CN¥50.9m | CN¥48.0m | CN¥36.9m | CN¥34.0m |
| Shareholders' equity | CN¥6.35bn | CN¥6.56bn | CN¥6.66bn | CN¥6.72bn | CN¥6.68bn | CN¥6.68bn | CN¥6.75bn | CN¥6.74bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 26.7% | 25.0% | 25.8% | 24.1% | 25.9% | 29.3% | — |
| Operating margin | 0.3% | 3.8% | 6.5% | 7.0% | 8.8% | 10.8% | — |
| Net margin | 0.3% | 2.6% | 5.1% | 5.7% | 6.8% | 8.6% | — |
| Return on equity | 0.2% | 2.1% | 5.0% | 6.5% | 9.7% | 11.1% | — |
| Return on assets | 0.1% | 1.5% | 3.5% | 4.4% | 6.3% | 7.1% | — |
| Free cash flow yield | 6.4% | 30.9% | 26.8% | 24.8% | 24.5% | 36.9% | — |
| Revenue growth | -14.5% | -18.1% | -11.3% | -15.9% | 20.5% | -0.5% | — |
| Earnings growth | -90.4% | -58.2% | -20.8% | -29.4% | -4.9% | -13.1% | — |
| Current ratio | 2.70x | 2.87x | 2.76x | 2.53x | 2.28x | 2.01x | — |
| Debt to equity | — | 0.01x | 0.01x | 0.02x | 0.03x | 0.06x | -0.08x |
| Equity ratio | 70.5% | 71.9% | 70.4% | 67.7% | 64.9% | 63.7% | — |
| Interest coverage | 2.79x | 6.84x | 17.02x | 13.20x | 19.23x | 19.31x | — |
| R&D as a share of sales | 1.6% | 1.9% | 2.0% | 1.8% | 1.8% | 1.9% | — |
| Buybacks as a share of market value | -30.4% | 8.8% | -3.4% | 1.9% | -1.0% | -1.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.7% | -8.8% | -5.0% |
| Operating income | -42.3% | -33.9% | -11.0% |
| Net income | -68.3% | -53.7% | -27.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 25.3% | 26.1% | 29.8% |
| Operating margin | 2.7% | 5.0% | 6.9% | 8.3% |
| Net margin | 1.5% | 3.8% | 5.3% | 6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 374.2 | 29.1 | 13.5 | 11.0 | 12.5 | 12.3 | 10.6 | 7.9 | 19.4 | 18.6 |
| Price to sales | 1.1 | 0.8 | 0.7 | 0.6 | 0.8 | 1.1 | 1.0 | 0.8 | 1.8 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 15 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.19 | 0.19 | 0.19 | 0.16 | 0.16 | 0.16 | 0.13 | 0.13 |
- 2-for-1 split · 17 Jul 2006
- 1-to-1 reverse split · 15 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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