Z 
17.80
-1.71%
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¥1.64bn
FY2017FY2025
Net income
CN¥115.8m
FY2017FY2025
Free cash flow
−CN¥61.5m
FY2017FY2025
Shareholders' equity
CN¥1.75bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.64bn | CN¥1.72bn | CN¥1.48bn | CN¥1.36bn | CN¥1.31bn | CN¥838.8m | CN¥737.7m | CN¥684.0m | CN¥585.3m |
| Gross profit | CN¥262.4m | CN¥238.4m | CN¥192.5m | CN¥221.9m | CN¥268.3m | CN¥194.1m | CN¥182.1m | CN¥108.0m | CN¥97.9m |
| Research and development | CN¥51.8m | CN¥52.0m | CN¥47.4m | CN¥40.8m | CN¥39.5m | CN¥29.1m | CN¥24.3m | CN¥21.8m | CN¥20.9m |
| Operating income | CN¥131.9m | CN¥162.6m | CN¥115.4m | CN¥150.3m | CN¥182.2m | CN¥121.3m | CN¥102.6m | CN¥44.2m | CN¥31.7m |
| Net income | CN¥115.8m | CN¥146.4m | CN¥105.2m | CN¥132.3m | CN¥162.6m | CN¥107.3m | CN¥91.7m | CN¥41.6m | CN¥29.6m |
| Diluted earnings per share | 0.94 | 1.13 | 0.81 | 1.39 | 1.68 | 0.87 | 0.74 | 0.34 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.71bn | CN¥2.53bn | CN¥2.25bn | CN¥2.23bn | CN¥1.38bn | CN¥939.8m | CN¥799.9m | CN¥669.5m | CN¥573.7m |
| Cash and short-term investments | — | CN¥779.5m | CN¥594.4m | CN¥843.6m | CN¥198.2m | CN¥153.5m | CN¥161.6m | CN¥54.5m | CN¥33.2m |
| Total liabilities | CN¥964.2m | CN¥848.8m | CN¥669.9m | CN¥693.2m | CN¥744.9m | CN¥468.7m | CN¥436.1m | CN¥427.7m | CN¥373.5m |
| Debt | CN¥7.6m | CN¥454.2m | CN¥305.8m | CN¥304.5m | CN¥321.6m | CN¥232.2m | CN¥232.4m | CN¥246.1m | CN¥208.6m |
| Shareholders' equity | CN¥1.75bn | CN¥1.68bn | CN¥1.58bn | CN¥1.54bn | CN¥633.7m | CN¥471.1m | CN¥363.8m | CN¥241.8m | CN¥200.2m |
| Shares outstanding | 124m | 130m | 129m | 95m | 97m | 124m | 124m | 124m | 124m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥31.6m | −CN¥71.9m | −CN¥145.6m | CN¥6.4m | −CN¥25.3m | CN¥54.0m | CN¥101.5m | CN¥8.5m | −CN¥33.2m |
| Capital spending | −CN¥30.0m | −CN¥72.6m | −CN¥52.2m | −CN¥104.2m | −CN¥82.9m | −CN¥30.7m | −CN¥18.0m | −CN¥10.1m | −CN¥27.4m |
| Free cash flow | −CN¥61.5m | −CN¥144.5m | −CN¥197.8m | −CN¥97.8m | −CN¥108.2m | CN¥23.3m | CN¥83.5m | −CN¥1.7m | −CN¥60.7m |
| Dividends paid | −CN¥55.6m | −CN¥54.1m | −CN¥64.0m | −CN¥14.9m | −CN¥9.6m | −CN¥12.3m | −CN¥31.2m | −CN¥9.2m | −CN¥9.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥461.0m | CN¥393.9m | CN¥443.7m | CN¥411.5m | CN¥386.4m | CN¥393.9m | CN¥471.2m | CN¥431.6m |
| Gross profit | CN¥57.3m | CN¥53.6m | CN¥64.8m | CN¥58.6m | CN¥49.9m | CN¥51.6m | CN¥59.1m | CN¥61.9m |
| Operating income | CN¥28.8m | CN¥32.5m | CN¥41.9m | CN¥34.5m | CN¥25.5m | CN¥28.2m | CN¥59.4m | CN¥34.1m |
| Net income | CN¥17.5m | CN¥24.6m | CN¥36.9m | CN¥28.6m | CN¥24.8m | CN¥25.5m | CN¥50.6m | CN¥31.6m |
| Diluted earnings per share | 0.14 | 0.20 | 0.30 | 0.23 | 0.20 | 0.21 | 0.39 | 0.24 |
| Cash from operations | — | — | — | −CN¥1.0m | −CN¥43.0m | −CN¥21.0m | CN¥112.0m | −CN¥103.0m |
| Capital spending | −CN¥32.0m | −CN¥24.0m | −CN¥11.0m | −CN¥4.0m | −CN¥12.0m | −CN¥2.0m | −CN¥19.0m | −CN¥19.0m |
| Free cash flow | — | — | — | −CN¥5.0m | −CN¥55.0m | −CN¥23.0m | CN¥93.0m | −CN¥122.0m |
| Total assets | CN¥2.94bn | CN¥2.92bn | CN¥2.71bn | CN¥2.80bn | CN¥2.60bn | CN¥2.58bn | CN¥2.53bn | CN¥2.47bn |
| Cash and short-term investments | — | — | — | CN¥1.03bn | CN¥868.1m | CN¥785.4m | CN¥779.5m | CN¥700.6m |
| Debt | CN¥39.5m | CN¥29.5m | CN¥7.6m | CN¥908.4m | CN¥546.6m | CN¥511.8m | CN¥454.2m | CN¥467.1m |
| Shareholders' equity | CN¥1.75bn | CN¥1.78bn | CN¥1.75bn | CN¥1.71bn | CN¥1.69bn | CN¥1.71bn | CN¥1.68bn | CN¥1.63bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.0% | 13.8% | 13.0% | 16.3% | 20.4% | 23.1% |
| Operating margin | 8.6% | 10.0% | 8.1% | 11.4% | 14.6% | 15.4% |
| Net margin | 7.1% | 8.5% | 7.1% | 9.7% | 12.4% | 12.8% |
| Return on equity | 6.6% | 8.7% | 6.7% | 8.6% | 25.7% | 22.8% |
| Return on assets | 4.3% | 5.8% | 4.7% | 5.9% | 11.8% | 11.4% |
| Free cash flow yield | -0.1% | 0.0% | -3.8% | 6.0% | 3.1% | — |
| Revenue growth | -5.1% | 16.5% | 9.0% | 3.4% | 56.6% | 13.7% |
| Earnings growth | -20.9% | 39.1% | -20.4% | -18.7% | 51.6% | 17.0% |
| Current ratio | 2.20x | 2.44x | 2.67x | 3.36x | 1.65x | 1.71x |
| Debt to equity | 0.00x | 0.27x | 0.19x | 0.20x | 0.39x | 0.40x |
| Equity ratio | 64.5% | 66.4% | 70.2% | 69.0% | 46.0% | 50.1% |
| Interest coverage | 12.44x | 16.29x | 17.16x | 12.65x | 19.23x | 15.01x |
| R&D as a share of sales | 3.2% | 3.0% | 3.2% | 3.0% | 3.0% | 3.5% |
| Buybacks as a share of market value | 4.6% | -0.2% | -35.6% | 1.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.4% | 14.3% | — |
| Operating income | -4.3% | 1.7% | — |
| Net income | -4.3% | 1.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.9% | 14.8% | 16.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 23.0 | 15.3 | 27.2 | 20.9 |
| Price to sales | 1.6 | 1.3 | 1.9 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 3 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.36 | 0.36 | 0.36 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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