Z 
30.78
-0.61%
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¥1.90bn
FY2017FY2025
Net income
CN¥63.6m
FY2017FY2025
Free cash flow
−CN¥18.0m
FY2017FY2025
Shareholders' equity
CN¥1.84bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.90bn | CN¥1.87bn | CN¥1.90bn | CN¥1.49bn | CN¥1.27bn | CN¥944.4m | CN¥889.3m | CN¥701.2m | CN¥593.3m |
| Gross profit | CN¥431.3m | CN¥438.6m | CN¥448.7m | CN¥346.2m | CN¥283.7m | CN¥203.6m | CN¥217.5m | CN¥166.8m | CN¥134.3m |
| Research and development | CN¥22.4m | CN¥23.7m | CN¥21.2m | CN¥15.8m | CN¥9.0m | CN¥7.2m | CN¥5.4m | CN¥4.2m | CN¥3.5m |
| Operating income | CN¥99.5m | CN¥121.6m | CN¥167.0m | CN¥125.5m | CN¥116.3m | CN¥103.4m | CN¥98.4m | CN¥77.5m | CN¥61.7m |
| Net income | CN¥63.6m | CN¥83.7m | CN¥134.3m | CN¥102.2m | CN¥88.5m | CN¥76.6m | CN¥74.1m | CN¥58.7m | CN¥46.6m |
| Diluted earnings per share | 0.64 | 0.89 | 1.58 | 1.20 | 1.03 | 1.40 | 0.74 | 0.59 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.42bn | CN¥2.32bn | CN¥1.81bn | CN¥1.59bn | CN¥1.34bn | CN¥955.6m | CN¥838.3m | CN¥625.5m | CN¥405.6m |
| Cash and short-term investments | — | CN¥476.5m | CN¥282.2m | CN¥381.1m | CN¥332.1m | CN¥117.4m | CN¥79.0m | CN¥156.9m | CN¥230.4m |
| Total liabilities | CN¥580.7m | CN¥500.2m | CN¥593.3m | CN¥526.1m | CN¥387.7m | CN¥373.2m | CN¥432.5m | CN¥292.6m | CN¥131.3m |
| Debt | CN¥46.0m | CN¥82.1m | CN¥195.8m | CN¥180.3m | CN¥67.6m | CN¥73.7m | CN¥30.0m | — | — |
| Shareholders' equity | CN¥1.84bn | CN¥1.82bn | CN¥1.22bn | CN¥1.06bn | CN¥953.7m | CN¥582.4m | CN¥405.8m | CN¥332.9m | CN¥274.3m |
| Shares outstanding | 100m | 94m | 85m | 85m | 86m | 55m | 100m | 100m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥210.1m | CN¥132.8m | CN¥198.9m | CN¥210.6m | CN¥98.4m | CN¥97.8m | CN¥86.4m | CN¥12.4m | CN¥91.5m |
| Capital spending | −CN¥228.0m | −CN¥329.6m | −CN¥245.2m | −CN¥220.8m | −CN¥183.3m | −CN¥95.6m | −CN¥194.2m | −CN¥186.0m | −CN¥43.7m |
| Free cash flow | −CN¥18.0m | −CN¥196.8m | −CN¥46.4m | −CN¥10.2m | −CN¥84.9m | CN¥2.1m | −CN¥107.8m | −CN¥173.5m | CN¥47.9m |
| Dividends paid | −CN¥2.8m | −CN¥22.1m | −CN¥23.0m | −CN¥13.0m | −CN¥6.7m | −CN¥4.1m | −CN¥970,775 | — | −CN¥5.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥464.3m | CN¥582.6m | CN¥521.4m | CN¥491.8m | CN¥415.4m | CN¥470.4m | CN¥504.4m | CN¥471.6m |
| Gross profit | CN¥104.3m | CN¥144.2m | CN¥118.1m | CN¥105.9m | CN¥92.4m | CN¥114.9m | CN¥107.8m | CN¥108.3m |
| Operating income | CN¥16.5m | CN¥28.3m | CN¥30.3m | CN¥23.8m | CN¥17.6m | CN¥26.6m | CN¥17.6m | CN¥28.6m |
| Net income | CN¥9.4m | CN¥22.6m | CN¥9.8m | CN¥18.0m | CN¥14.3m | CN¥21.4m | CN¥2.1m | CN¥22.2m |
| Diluted earnings per share | 0.09 | 0.23 | 0.10 | 0.18 | 0.14 | 0.21 | 0.02 | 0.24 |
| Cash from operations | — | — | — | CN¥82.0m | CN¥35.0m | −CN¥6.0m | — | CN¥46.0m |
| Capital spending | −CN¥43.0m | −CN¥58.0m | −CN¥57.0m | −CN¥57.0m | −CN¥47.0m | −CN¥66.0m | −CN¥102.0m | −CN¥99.0m |
| Free cash flow | — | — | — | CN¥25.0m | −CN¥12.0m | −CN¥72.0m | — | −CN¥53.0m |
| Total assets | CN¥2.39bn | CN¥2.42bn | CN¥2.42bn | CN¥2.43bn | CN¥2.29bn | CN¥2.30bn | CN¥2.32bn | CN¥2.30bn |
| Cash and short-term investments | — | — | — | CN¥414.3m | CN¥360.0m | CN¥402.8m | CN¥476.5m | CN¥526.4m |
| Debt | CN¥31.5m | CN¥41.5m | CN¥46.0m | CN¥25.4m | CN¥40.0m | CN¥79.0m | CN¥78.0m | CN¥157.5m |
| Shareholders' equity | CN¥1.87bn | CN¥1.86bn | CN¥1.84bn | CN¥1.87bn | CN¥1.86bn | CN¥1.84bn | CN¥1.82bn | CN¥1.79bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.7% | 23.5% | 23.6% | 23.3% | 22.3% | 21.6% |
| Operating margin | 5.1% | 6.7% | 9.6% | 9.2% | 9.5% | 11.0% |
| Net margin | 3.3% | 4.5% | 7.1% | 6.9% | 6.9% | 8.1% |
| Return on equity | 3.5% | 4.6% | 11.1% | 9.6% | 9.3% | 13.2% |
| Return on assets | 2.6% | 3.6% | 7.4% | 6.4% | 6.6% | 8.0% |
| Free cash flow yield | 14.2% | 16.0% | 16.8% | 16.4% | 10.6% | 11.4% |
| Revenue growth | 1.6% | -1.7% | 27.7% | 16.9% | 34.9% | 6.2% |
| Earnings growth | -24.0% | -37.7% | 31.4% | 15.5% | 15.5% | 3.3% |
| Current ratio | 1.86x | 2.47x | 1.73x | 1.91x | 1.82x | 1.09x |
| Debt to equity | 0.03x | 0.04x | 0.16x | 0.16x | 0.05x | 0.12x |
| Equity ratio | 76.0% | 78.5% | 67.2% | 66.9% | 71.1% | 60.9% |
| Interest coverage | 33.13x | 33.46x | 19.89x | 18.41x | 16.63x | 25.01x |
| R&D as a share of sales | 1.2% | 1.3% | 1.1% | 1.1% | 0.7% | 0.8% |
| Buybacks as a share of market value | -6.8% | -9.8% | -0.2% | 0.8% | -56.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 15.0% | — |
| Operating income | -7.5% | -0.8% | — |
| Net income | -14.6% | -3.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.1% | 23.3% | 23.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 60.5 | 34.3 | 33.5 | 54.5 | 56.4 |
| Price to sales | 2.0 | 1.5 | 2.4 | 3.7 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jun 2024.
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.19 | 0.17 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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