Z 
11.38
+1.07%
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¥13.03bn
FY2016FY2025
Net income
CN¥1.08bn
FY2016FY2025
Free cash flow
CN¥1.07bn
FY2016FY2025
Shareholders' equity
CN¥6.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.03bn | CN¥12.68bn | CN¥11.38bn | CN¥10.21bn | CN¥9.84bn | CN¥7.38bn | CN¥9.08bn | CN¥9.40bn | CN¥8.28bn | CN¥5.83bn |
| Gross profit | CN¥2.41bn | CN¥2.30bn | CN¥2.13bn | CN¥1.71bn | CN¥1.60bn | CN¥1.24bn | CN¥1.63bn | CN¥1.02bn | CN¥1.41bn | CN¥1.08bn |
| Research and development | CN¥534.9m | CN¥502.6m | CN¥433.7m | CN¥389.5m | CN¥369.5m | CN¥296.2m | CN¥379.8m | CN¥345.2m | CN¥248.4m | CN¥213.7m |
| Operating income | CN¥1.22bn | CN¥1.18bn | CN¥969.3m | CN¥677.4m | CN¥500.4m | −CN¥795.3m | CN¥337.8m | −CN¥1.96bn | CN¥65.7m | CN¥68.5m |
| Net income | CN¥1.08bn | CN¥1.04bn | CN¥738.0m | CN¥834.0m | CN¥405.4m | −CN¥999.7m | CN¥131.3m | −CN¥2.17bn | CN¥92.3m | CN¥83.0m |
| Diluted earnings per share | 1.02 | 1.01 | 0.71 | 0.91 | 0.45 | -1.03 | 9.20 | -1.82 | 0.12 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.29bn | CN¥12.15bn | CN¥10.78bn | CN¥8.15bn | CN¥8.26bn | CN¥8.50bn | CN¥8.70bn | CN¥10.28bn | CN¥13.87bn | CN¥11.78bn |
| Cash and short-term investments | — | CN¥3.22bn | CN¥3.03bn | CN¥1.59bn | CN¥1.06bn | CN¥1.57bn | CN¥1.32bn | CN¥1.15bn | CN¥1.54bn | CN¥1.47bn |
| Total liabilities | CN¥5.63bn | CN¥6.64bn | CN¥6.40bn | CN¥4.61bn | CN¥6.63bn | CN¥7.23bn | CN¥6.49bn | CN¥8.16bn | CN¥9.42bn | CN¥7.25bn |
| Debt | CN¥484.5m | CN¥782.2m | CN¥1.44bn | CN¥1.29bn | CN¥2.61bn | CN¥3.47bn | CN¥3.40bn | CN¥4.02bn | CN¥3.65bn | CN¥3.46bn |
| Shareholders' equity | CN¥6.67bn | CN¥5.51bn | CN¥4.42bn | CN¥3.65bn | CN¥1.74bn | CN¥1.37bn | CN¥2.38bn | CN¥2.21bn | CN¥4.40bn | CN¥4.45bn |
| Shares outstanding | 1,059m | 1,031m | 1,040m | 920m | 910m | 973m | 14m | 1,190m | 789m | 851m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.44bn | CN¥1.16bn | CN¥811.8m | CN¥1.27bn | CN¥517.7m | CN¥437.2m | CN¥633.8m | CN¥170.7m | CN¥277.3m | CN¥113.7m |
| Capital spending | −CN¥369.3m | −CN¥441.7m | −CN¥430.4m | −CN¥195.1m | −CN¥243.6m | −CN¥230.8m | −CN¥205.4m | −CN¥582.7m | −CN¥539.1m | −CN¥523.6m |
| Free cash flow | CN¥1.07bn | CN¥718.9m | CN¥381.4m | CN¥1.08bn | CN¥274.2m | CN¥206.4m | CN¥428.4m | −CN¥412.0m | −CN¥261.9m | −CN¥409.8m |
| Dividends paid | −CN¥23.7m | −CN¥49.2m | −CN¥54.2m | −CN¥105.4m | −CN¥139.1m | −CN¥186.7m | −CN¥202.3m | −CN¥236.2m | −CN¥277.4m | −CN¥191.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.17bn | CN¥3.06bn | CN¥3.31bn | CN¥2.99bn | CN¥3.71bn | CN¥3.02bn | CN¥3.34bn | CN¥2.99bn |
| Gross profit | CN¥710.7m | CN¥471.1m | CN¥667.0m | CN¥576.5m | CN¥677.4m | CN¥487.8m | CN¥606.5m | CN¥551.4m |
| Operating income | CN¥381.3m | CN¥191.3m | CN¥356.7m | CN¥262.8m | CN¥350.9m | CN¥249.0m | CN¥431.2m | CN¥194.2m |
| Net income | CN¥270.7m | CN¥196.1m | CN¥309.4m | CN¥233.3m | CN¥317.7m | CN¥217.5m | CN¥396.1m | CN¥174.9m |
| Diluted earnings per share | 0.26 | 0.19 | 0.29 | 0.22 | 0.30 | 0.21 | 0.38 | 0.17 |
| Cash from operations | — | — | — | CN¥412.0m | CN¥172.0m | CN¥147.0m | — | CN¥284.0m |
| Capital spending | −CN¥146.0m | −CN¥95.0m | −CN¥126.0m | −CN¥62.0m | −CN¥114.0m | −CN¥66.0m | −CN¥109.0m | −CN¥77.0m |
| Free cash flow | — | — | — | CN¥350.0m | CN¥58.0m | CN¥81.0m | — | CN¥207.0m |
| Total assets | CN¥13.60bn | CN¥12.37bn | CN¥12.29bn | CN¥11.79bn | CN¥12.37bn | CN¥11.92bn | CN¥12.15bn | CN¥11.65bn |
| Cash and short-term investments | — | — | — | CN¥2.82bn | CN¥2.67bn | CN¥2.91bn | CN¥3.22bn | CN¥2.70bn |
| Debt | CN¥484.5m | CN¥484.5m | CN¥484.5m | CN¥1.95bn | CN¥1.01bn | CN¥749.7m | CN¥749.7m | CN¥1.41bn |
| Shareholders' equity | CN¥7.00bn | CN¥6.82bn | CN¥6.67bn | CN¥6.35bn | CN¥6.08bn | CN¥5.72bn | CN¥5.51bn | CN¥5.12bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.5% | 18.2% | 18.7% | 16.7% | 16.3% | 16.7% |
| Operating margin | 9.3% | 9.3% | 8.5% | 6.6% | 5.1% | -10.8% |
| Net margin | 8.3% | 8.2% | 6.5% | 8.2% | 4.1% | -13.5% |
| Return on equity | 16.2% | 19.0% | 16.7% | 22.9% | 23.4% | -73.2% |
| Return on assets | 8.8% | 8.6% | 6.8% | 10.2% | 4.9% | -11.8% |
| Free cash flow yield | 13.6% | 12.3% | 9.5% | 12.6% | 6.6% | 5.4% |
| Revenue growth | 2.8% | 11.4% | 11.5% | 3.8% | 33.3% | -18.7% |
| Earnings growth | 3.2% | 41.6% | -11.5% | 105.7% | -140.5% | -861.3% |
| Current ratio | 1.95x | 1.56x | 1.60x | 1.53x | 1.09x | 0.97x |
| Debt to equity | 0.07x | 0.14x | 0.38x | 0.30x | 1.29x | 1.16x |
| Equity ratio | 54.2% | 45.3% | 41.0% | 44.7% | 21.0% | 16.1% |
| Interest coverage | 36.70x | 16.89x | 13.28x | 5.16x | 4.27x | -4.82x |
| R&D as a share of sales | 4.1% | 4.0% | 3.8% | 3.8% | 3.8% | 4.0% |
| Buybacks as a share of market value | -2.7% | 0.8% | -13.1% | -1.0% | 6.5% | -6715.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 12.0% | 8.3% |
| Operating income | 21.6% | — | — |
| Net income | 8.9% | — | 29.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.3% | 18.1% | 17.7% | 17.1% |
| Operating margin | 9.3% | 8.6% | 5.8% | 2.2% |
| Net margin | 8.3% | 7.8% | 4.8% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.5 | 10.7 | 19.4 | 14.5 | 30.8 | -3.9 | 0.5 | -2.3 | 68.7 | 97.6 |
| Price to sales | 1.0 | 0.9 | 1.3 | 1.2 | 1.3 | 0.5 | 0.0 | 0.5 | 0.8 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jun 2017.
| FY2017 | FY2014 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2006 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.20 | 0.15 | 0.15 | 0.125 | 0.075 | 0.025 |
- 2-for-1 split · 19 May 2011
- 2-for-1 split · 10 Jun 2008
- 1-to-1 reverse split · 10 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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