A 
6.23
+1.14%
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¥6.47bn
FY2018FY2025
Net income
CN¥45.8m
FY2018FY2025
Free cash flow
−CN¥261.0m
FY2018FY2025
Shareholders' equity
CN¥4.74bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.47bn | CN¥7.13bn | CN¥7.65bn | CN¥7.51bn | CN¥8.37bn | CN¥6.50bn | CN¥6.66bn | CN¥6.81bn |
| Gross profit | CN¥1.69bn | CN¥1.78bn | CN¥2.14bn | CN¥2.40bn | CN¥2.42bn | CN¥1.97bn | CN¥2.01bn | CN¥1.64bn |
| Research and development | CN¥335.1m | CN¥371.7m | CN¥341.5m | CN¥340.6m | CN¥288.2m | CN¥219.5m | CN¥200.9m | CN¥241.4m |
| Operating income | CN¥121.3m | CN¥64.3m | CN¥469.3m | CN¥693.7m | CN¥629.2m | CN¥697.8m | CN¥702.9m | CN¥322.7m |
| Net income | CN¥45.8m | CN¥66.8m | CN¥424.6m | CN¥593.3m | CN¥577.1m | CN¥588.5m | CN¥556.2m | CN¥197.1m |
| Diluted earnings per share | 0.05 | 0.07 | 0.44 | 0.63 | 0.66 | 0.62 | 0.59 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.11bn | CN¥10.07bn | CN¥10.64bn | CN¥10.08bn | CN¥8.77bn | CN¥7.33bn | CN¥6.69bn | CN¥6.83bn |
| Cash and short-term investments | — | CN¥1.55bn | CN¥1.97bn | CN¥1.90bn | CN¥1.56bn | CN¥1.45bn | CN¥1.00bn | CN¥1.07bn |
| Total liabilities | CN¥4.38bn | CN¥5.20bn | CN¥5.63bn | CN¥5.34bn | CN¥5.79bn | CN¥4.95bn | CN¥5.09bn | CN¥5.66bn |
| Debt | CN¥995.9m | CN¥1.20bn | CN¥1.45bn | CN¥1.65bn | CN¥1.15bn | CN¥749.5m | CN¥896.1m | CN¥1.06bn |
| Shareholders' equity | CN¥4.74bn | CN¥4.87bn | CN¥5.00bn | CN¥4.74bn | CN¥2.97bn | CN¥2.38bn | CN¥1.60bn | CN¥830.0m |
| Shares outstanding | 944m | 924m | 960m | 935m | 869m | 944m | 944m | 944m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥30.9m | CN¥514.2m | CN¥1.17bn | CN¥400.7m | CN¥906.0m | CN¥1.27bn | CN¥721.5m | −CN¥327.7m |
| Capital spending | −CN¥291.8m | −CN¥506.6m | −CN¥868.8m | −CN¥1.28bn | −CN¥1.11bn | −CN¥612.1m | −CN¥540.5m | −CN¥470.8m |
| Free cash flow | −CN¥261.0m | CN¥7.6m | CN¥297.3m | −CN¥877.4m | −CN¥206.6m | CN¥657.7m | CN¥181.0m | −CN¥798.5m |
| Dividends paid | −CN¥168.7m | −CN¥186.2m | −CN¥246.3m | −CN¥66.3m | −CN¥41.8m | −CN¥510.8m | −CN¥58.7m | −CN¥58.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.60bn | CN¥977.9m | CN¥2.00bn | CN¥1.63bn | CN¥1.79bn | CN¥1.05bn | CN¥2.30bn | CN¥1.74bn |
| Gross profit | CN¥472.2m | CN¥291.9m | CN¥409.9m | CN¥448.5m | CN¥521.9m | CN¥304.6m | CN¥499.4m | CN¥458.9m |
| Operating income | CN¥32.5m | −CN¥67.1m | CN¥56.3m | −CN¥3.8m | CN¥96.7m | −CN¥84.2m | CN¥24.2m | CN¥381,036 |
| Net income | CN¥3.2m | −CN¥64.3m | CN¥13.2m | CN¥4.1m | CN¥101.6m | −CN¥73.1m | CN¥34.8m | −CN¥6.0m |
| Diluted earnings per share | 0.00 | -0.07 | 0.01 | 0.00 | 0.11 | -0.08 | 0.04 | -0.01 |
| Cash from operations | — | — | — | −CN¥40.0m | CN¥164.0m | −CN¥676.0m | — | CN¥91.0m |
| Capital spending | −CN¥41.0m | −CN¥91.0m | −CN¥25.0m | −CN¥76.0m | −CN¥68.0m | −CN¥121.0m | −CN¥82.0m | −CN¥124.0m |
| Free cash flow | — | — | — | −CN¥116.0m | CN¥96.0m | −CN¥797.0m | — | −CN¥33.0m |
| Total assets | CN¥9.29bn | CN¥8.73bn | CN¥9.11bn | CN¥9.20bn | CN¥9.37bn | CN¥9.35bn | CN¥10.07bn | CN¥9.60bn |
| Cash and short-term investments | — | — | — | CN¥677.6m | CN¥702.0m | CN¥712.8m | CN¥1.55bn | CN¥708.4m |
| Debt | CN¥851.7m | CN¥964.3m | CN¥995.9m | CN¥1.39bn | CN¥1.16bn | CN¥1.08bn | CN¥1.20bn | CN¥1.27bn |
| Shareholders' equity | CN¥4.64bn | CN¥4.67bn | CN¥4.74bn | CN¥4.72bn | CN¥4.72bn | CN¥4.78bn | CN¥4.87bn | CN¥4.85bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.0% | 24.9% | 28.0% | 31.9% | 28.9% | 30.3% |
| Operating margin | 1.3% | 1.9% | 6.6% | 9.7% | 8.0% | 11.3% |
| Net margin | 0.7% | 0.9% | 5.6% | 7.9% | 6.9% | 9.1% |
| Return on equity | 1.0% | 1.4% | 8.5% | 12.5% | 19.4% | 24.8% |
| Return on assets | 0.5% | 0.7% | 4.0% | 5.9% | 6.6% | 8.0% |
| Free cash flow yield | 5.0% | 16.1% | 30.9% | 26.2% | 33.8% | — |
| Revenue growth | -9.2% | -6.8% | 1.8% | -10.3% | 28.8% | -2.3% |
| Earnings growth | -31.4% | -84.3% | -28.4% | 2.8% | -1.9% | 5.8% |
| Current ratio | 0.79x | 0.79x | 0.88x | 0.97x | 0.74x | 0.69x |
| Debt to equity | 0.21x | 0.25x | 0.29x | 0.32x | 0.37x | 0.32x |
| Equity ratio | 52.0% | 48.3% | 47.0% | 47.0% | 33.8% | 32.4% |
| Interest coverage | 1.66x | 2.17x | 13.52x | 22.09x | 18.56x | 11.38x |
| R&D as a share of sales | 5.2% | 5.2% | 4.5% | 4.5% | 3.4% | 3.4% |
| Buybacks as a share of market value | -2.2% | 3.7% | -2.6% | -7.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | -0.1% | — |
| Operating income | -44.1% | -29.5% | — |
| Net income | -57.4% | -40.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.4% | 27.8% | 28.4% | — |
| Operating margin | 1.4% | 4.7% | 6.1% | — |
| Net margin | 0.8% | 3.9% | 5.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 182.7 | 112.0 | 26.8 | 24.0 |
| Price to sales | 1.3 | 1.1 | 1.5 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.04 | 0.132 | 0.132 | 0.184 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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