H 
22.90
+3.15%
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¥1.57bn
FY2016FY2025
Net income
CN¥88.1m
FY2016FY2025
Free cash flow
−CN¥219.9m
FY2016FY2025
Shareholders' equity
CN¥1.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.57bn | CN¥587.0m | CN¥684.8m | CN¥611.1m | CN¥774.8m | CN¥814.3m | CN¥769.0m | CN¥741.4m | CN¥926.8m | CN¥858.6m |
| Gross profit | CN¥289.3m | CN¥156.0m | CN¥172.5m | CN¥177.9m | CN¥208.0m | CN¥184.2m | CN¥181.5m | CN¥148.6m | CN¥223.7m | CN¥210.0m |
| Research and development | CN¥42.9m | CN¥4.1m | CN¥3.5m | CN¥2.9m | CN¥2.5m | CN¥3.0m | CN¥3.0m | CN¥3.1m | CN¥1.8m | — |
| Operating income | CN¥158.9m | CN¥93.2m | CN¥88.4m | CN¥74.7m | CN¥126.7m | CN¥122.8m | CN¥123.5m | CN¥124.6m | CN¥169.6m | CN¥139.9m |
| Net income | CN¥88.1m | CN¥65.3m | CN¥57.4m | CN¥58.5m | CN¥80.1m | CN¥89.9m | CN¥88.5m | CN¥89.9m | CN¥123.5m | CN¥106.6m |
| Diluted earnings per share | 0.10 | 0.07 | 0.06 | 0.07 | 0.11 | 0.13 | 0.12 | 0.16 | 0.20 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.28bn | CN¥2.74bn | CN¥2.49bn | CN¥2.59bn | CN¥2.42bn | CN¥2.22bn | CN¥1.97bn | CN¥1.90bn | CN¥1.90bn | CN¥1.67bn |
| Cash and short-term investments | — | CN¥372.4m | CN¥358.5m | CN¥464.4m | CN¥235.2m | CN¥309.7m | CN¥163.1m | CN¥142.2m | CN¥175.7m | CN¥133.1m |
| Total liabilities | CN¥2.28bn | CN¥1.18bn | CN¥971.4m | CN¥1.09bn | CN¥1.26bn | CN¥1.11bn | CN¥922.8m | CN¥925.0m | CN¥999.2m | CN¥876.1m |
| Debt | CN¥322.1m | CN¥545.4m | CN¥300.5m | CN¥424.1m | CN¥522.5m | CN¥394.2m | CN¥339.0m | CN¥370.0m | CN¥328.6m | CN¥239.9m |
| Shareholders' equity | CN¥1.63bn | CN¥1.56bn | CN¥1.52bn | CN¥1.50bn | CN¥1.16bn | CN¥1.11bn | CN¥1.05bn | CN¥970.8m | CN¥905.5m | CN¥796.7m |
| Shares outstanding | 840m | 921m | 927m | 821m | 709m | 702m | 757m | 578m | 620m | 629m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥66.5m | CN¥73.6m | CN¥65.0m | CN¥175.1m | −CN¥146.9m | CN¥52.4m | CN¥113.8m | −CN¥21.8m | CN¥9.3m | −CN¥30.5m |
| Capital spending | −CN¥153.4m | −CN¥7.6m | −CN¥2.8m | −CN¥3.9m | −CN¥1.3m | −CN¥3.3m | −CN¥5.8m | −CN¥6.9m | −CN¥4.4m | −CN¥3.6m |
| Free cash flow | −CN¥219.9m | CN¥66.0m | CN¥62.1m | CN¥171.1m | −CN¥148.2m | CN¥49.1m | CN¥108.0m | −CN¥28.7m | CN¥4.9m | −CN¥34.1m |
| Dividends paid | −CN¥65.2m | −CN¥46.2m | −CN¥58.9m | −CN¥49.0m | −CN¥35.0m | −CN¥44.7m | −CN¥28.1m | −CN¥36.3m | −CN¥29.0m | −CN¥10.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥650.3m | CN¥386.6m | CN¥490.4m | CN¥385.4m | CN¥387.0m | CN¥308.8m | CN¥233.8m | CN¥84.5m |
| Gross profit | CN¥126.6m | CN¥83.5m | CN¥79.7m | CN¥71.6m | CN¥78.7m | CN¥59.4m | CN¥69.6m | CN¥16.9m |
| Operating income | CN¥96.9m | CN¥45.7m | CN¥43.2m | CN¥31.8m | CN¥34.9m | CN¥29.3m | CN¥51.4m | CN¥13.4m |
| Net income | CN¥12.2m | CN¥14.9m | CN¥36.4m | CN¥14.2m | CN¥17.7m | CN¥19.8m | CN¥39.0m | CN¥13.3m |
| Diluted earnings per share | 0.01 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.04 | 0.01 |
| Cash from operations | — | — | — | −CN¥63.0m | −CN¥48.0m | −CN¥108.0m | CN¥224.0m | −CN¥25.0m |
| Capital spending | −CN¥81.0m | −CN¥89.0m | −CN¥88.0m | −CN¥24.0m | −CN¥27.0m | −CN¥12.0m | −CN¥7.0m | — |
| Free cash flow | — | — | — | −CN¥87.0m | −CN¥75.0m | −CN¥120.0m | CN¥217.0m | — |
| Total assets | CN¥5.44bn | CN¥4.84bn | CN¥4.28bn | CN¥4.05bn | CN¥3.78bn | CN¥3.79bn | CN¥2.74bn | CN¥2.66bn |
| Cash and short-term investments | — | — | — | CN¥348.5m | CN¥387.7m | CN¥442.4m | CN¥372.4m | CN¥290.3m |
| Debt | CN¥289.4m | CN¥287.2m | CN¥322.1m | CN¥824.6m | CN¥827.3m | CN¥817.8m | CN¥528.7m | CN¥604.5m |
| Shareholders' equity | CN¥1.62bn | CN¥1.64bn | CN¥1.63bn | CN¥1.58bn | CN¥1.57bn | CN¥1.58bn | CN¥1.56bn | CN¥1.52bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.4% | 26.6% | 25.2% | 29.1% | 26.8% | 22.6% |
| Operating margin | 10.1% | 15.9% | 12.9% | 12.2% | 16.4% | 15.1% |
| Net margin | 5.6% | 11.1% | 8.4% | 9.6% | 10.3% | 11.0% |
| Return on equity | 5.4% | 4.2% | 3.8% | 3.9% | 6.9% | 8.1% |
| Return on assets | 2.1% | 2.4% | 2.3% | 2.3% | 3.3% | 4.0% |
| Free cash flow yield | 0.3% | 0.2% | 0.2% | 0.6% | -0.6% | 0.2% |
| Revenue growth | 167.7% | -14.3% | 12.1% | -21.1% | -4.8% | 5.9% |
| Earnings growth | 34.9% | 13.8% | -1.9% | -27.0% | -10.9% | 1.6% |
| Current ratio | 1.85x | 2.07x | 2.70x | 2.15x | 1.67x | 1.64x |
| Debt to equity | 0.20x | 0.34x | 0.19x | 0.27x | 0.44x | 0.35x |
| Equity ratio | 38.0% | 56.9% | 60.9% | 57.9% | 47.8% | 50.0% |
| Interest coverage | 5.79x | 5.77x | 5.83x | 3.06x | 6.31x | 6.68x |
| R&D as a share of sales | 2.7% | 0.7% | 0.5% | 0.5% | 0.3% | 0.4% |
| Buybacks as a share of market value | 8.8% | 0.7% | -12.8% | -15.8% | -1.0% | 7.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.0% | 14.1% | 9.4% |
| Operating income | 28.6% | 5.3% | 6.5% |
| Net income | 14.6% | -0.4% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.6% | 23.0% | 23.6% | 23.9% |
| Operating margin | 11.7% | 12.0% | 13.2% | 14.6% |
| Net margin | 7.1% | 7.8% | 8.7% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 208.8 | 107.7 | 84.5 | 107.8 | 64.4 |
| Price to sales | 11.7 | 12.0 | 7.1 | 10.3 | 6.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 11 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.083 | 0.05 | 0.04 | 0.06 | 0.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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