A 
38.01
+10.01%
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¥676.3m
FY2018FY2025
Net income
CN¥20.5m
FY2018FY2025
Free cash flow
CN¥9.9m
FY2018FY2025
Shareholders' equity
CN¥732.7m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥676.3m | CN¥601.3m | CN¥490.7m | CN¥702.4m | CN¥886.7m | CN¥752.0m | CN¥559.2m | CN¥505.8m |
| Gross profit | CN¥85.3m | CN¥68.4m | CN¥33.8m | CN¥111.8m | CN¥164.0m | CN¥160.8m | CN¥146.0m | CN¥141.2m |
| Research and development | CN¥21.5m | CN¥18.7m | CN¥20.5m | CN¥27.6m | CN¥34.5m | CN¥25.7m | CN¥21.4m | CN¥18.3m |
| Operating income | CN¥33.5m | CN¥22.6m | −CN¥9.3m | CN¥65.7m | CN¥97.7m | CN¥103.9m | CN¥84.4m | CN¥89.6m |
| Net income | CN¥20.5m | CN¥20.3m | −CN¥12.5m | CN¥58.8m | CN¥86.3m | CN¥88.0m | CN¥72.4m | CN¥74.0m |
| Diluted earnings per share | 0.27 | 0.27 | -0.18 | 0.78 | 1.53 | 1.16 | 0.95 | 0.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.13bn | CN¥1.24bn | CN¥1.11bn | CN¥1.10bn | CN¥679.7m | CN¥558.1m | CN¥380.2m | CN¥299.7m |
| Cash and short-term investments | — | CN¥291.8m | CN¥347.9m | CN¥374.4m | CN¥91.7m | CN¥69.3m | CN¥30.9m | CN¥11.1m |
| Total liabilities | CN¥397.4m | CN¥497.7m | CN¥389.7m | CN¥344.3m | CN¥340.8m | CN¥305.4m | CN¥193.5m | CN¥168.1m |
| Debt | CN¥89.6m | CN¥232.7m | CN¥136.7m | CN¥94.1m | CN¥113.0m | CN¥105.7m | CN¥59.3m | CN¥47.7m |
| Shareholders' equity | CN¥732.7m | CN¥742.0m | CN¥721.8m | CN¥759.8m | CN¥338.9m | CN¥252.7m | CN¥186.7m | CN¥131.6m |
| Shares outstanding | 76m | 75m | 71m | 75m | 56m | 76m | 76m | 76m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥95.5m | −CN¥131.8m | −CN¥133.7m | −CN¥110.5m | −CN¥243.0m | −CN¥132.4m | −CN¥80.7m | −CN¥38.3m |
| Capital spending | −CN¥85.6m | −CN¥110.8m | −CN¥100.9m | −CN¥84.2m | −CN¥29.7m | −CN¥34.4m | −CN¥19.0m | −CN¥14.5m |
| Free cash flow | CN¥9.9m | −CN¥242.5m | −CN¥234.6m | −CN¥194.7m | −CN¥272.7m | −CN¥166.8m | −CN¥99.6m | −CN¥52.8m |
| Dividends paid | −CN¥34.6m | −CN¥7.0m | −CN¥33.4m | −CN¥40.0m | −CN¥5.6m | −CN¥16.5m | −CN¥21.4m | −CN¥1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥247.4m | CN¥207.4m | CN¥182.3m | CN¥169.6m | CN¥147.2m | CN¥177.2m | CN¥159.8m | CN¥147.7m |
| Gross profit | CN¥42.0m | CN¥32.9m | CN¥24.3m | CN¥25.2m | CN¥13.0m | CN¥22.7m | CN¥14.6m | CN¥22.0m |
| Operating income | CN¥16.8m | CN¥17.3m | CN¥12.1m | CN¥4.5m | CN¥3.7m | CN¥11.3m | CN¥6.0m | CN¥3.1m |
| Net income | CN¥7.4m | CN¥10.5m | CN¥4.0m | CN¥4.1m | CN¥4.3m | CN¥8.1m | CN¥4.9m | CN¥3.2m |
| Diluted earnings per share | 0.10 | 0.14 | 0.05 | 0.05 | 0.06 | 0.11 | 0.07 | 0.04 |
| Cash from operations | — | — | — | CN¥19.0m | CN¥47.0m | CN¥7.0m | — | −CN¥10.0m |
| Capital spending | −CN¥47.0m | −CN¥55.0m | −CN¥33.0m | −CN¥6.0m | −CN¥40.0m | −CN¥5.0m | −CN¥29.0m | −CN¥17.0m |
| Free cash flow | — | — | — | CN¥13.0m | CN¥7.0m | CN¥2.0m | — | −CN¥27.0m |
| Total assets | CN¥1.80bn | CN¥1.69bn | CN¥1.13bn | CN¥1.17bn | CN¥1.14bn | CN¥1.23bn | CN¥1.24bn | CN¥1.17bn |
| Cash and short-term investments | — | — | — | CN¥287.3m | CN¥262.1m | CN¥287.5m | CN¥291.8m | CN¥291.4m |
| Debt | CN¥314.6m | CN¥215.2m | CN¥89.6m | CN¥284.6m | CN¥139.9m | CN¥139.0m | CN¥232.7m | CN¥177.6m |
| Shareholders' equity | CN¥750.6m | CN¥743.2m | CN¥732.7m | CN¥728.7m | CN¥724.6m | CN¥750.6m | CN¥742.0m | CN¥737.1m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.6% | 11.4% | 6.9% | 15.9% | 18.5% | 21.4% |
| Operating margin | 4.1% | 4.3% | -1.7% | 9.7% | 11.3% | 13.9% |
| Net margin | 3.0% | 3.4% | -2.6% | 8.4% | 9.7% | 11.7% |
| Return on equity | 2.8% | 2.7% | -1.7% | 7.7% | 25.4% | 34.8% |
| Return on assets | 1.8% | 1.6% | -1.1% | 5.3% | 12.7% | 15.8% |
| Revenue growth | 12.5% | 22.5% | -30.1% | -20.8% | 17.9% | 34.5% |
| Earnings growth | 1.2% | -261.8% | -121.3% | -31.8% | -2.0% | 21.5% |
| Current ratio | 2.42x | 1.94x | 2.86x | 2.74x | 1.56x | 1.44x |
| Debt to equity | 0.12x | 0.31x | 0.19x | 0.05x | 0.33x | 0.42x |
| Equity ratio | 64.8% | 59.9% | 65.0% | 68.8% | 49.9% | 45.3% |
| Interest coverage | 5.75x | 6.42x | -1.39x | 22.01x | 29.80x | 80.39x |
| R&D as a share of sales | 3.2% | 3.1% | 4.2% | 3.9% | 3.9% | 3.4% |
| Buybacks as a share of market value | -1.8% | -5.8% | 6.2% | -33.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | -2.1% | — |
| Operating income | -20.1% | -20.2% | — |
| Net income | -29.6% | -25.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.0% | 12.1% | 15.2% | — |
| Operating margin | 4.4% | 4.6% | 7.6% | — |
| Net margin | 3.2% | 3.5% | 6.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 163.8 | 100.8 | -200.7 | 35.3 |
| Price to sales | 5.0 | 3.4 | 5.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 18 Jun 2025.
| FY2025 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.40 | 0.40 | 0.536 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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