Z 
3.55
-0.28%
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¥6.01bn
FY2016FY2025
Net income
CN¥55.5m
FY2016FY2025
Free cash flow
−CN¥648.4m
FY2016FY2025
Shareholders' equity
CN¥6.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.01bn | CN¥5.48bn | CN¥5.46bn | CN¥6.23bn | CN¥6.22bn | CN¥4.87bn | CN¥5.25bn | CN¥5.94bn | CN¥5.36bn | CN¥3.68bn |
| Gross profit | CN¥724.5m | CN¥374.7m | CN¥318.5m | CN¥312.4m | CN¥914.9m | CN¥589.4m | CN¥563.4m | CN¥735.4m | CN¥1.06bn | CN¥502.4m |
| Research and development | CN¥172.8m | CN¥174.6m | CN¥198.0m | CN¥215.3m | CN¥236.5m | CN¥171.4m | CN¥175.8m | CN¥206.0m | CN¥142.3m | CN¥94.7m |
| Operating income | CN¥138.7m | CN¥44.3m | CN¥88.6m | CN¥125.8m | CN¥486.8m | CN¥380.1m | CN¥237.0m | CN¥403.5m | CN¥801.3m | CN¥236.4m |
| Net income | CN¥55.5m | CN¥71.3m | CN¥91.6m | CN¥117.6m | CN¥441.1m | CN¥311.9m | CN¥188.7m | CN¥335.3m | CN¥638.1m | CN¥318.8m |
| Diluted earnings per share | 0.04 | 0.06 | 0.05 | 0.10 | 0.34 | 0.27 | 0.16 | 0.30 | 0.58 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.09bn | CN¥8.76bn | CN¥8.18bn | CN¥7.96bn | CN¥7.94bn | CN¥7.29bn | CN¥5.66bn | CN¥6.38bn | CN¥6.30bn | CN¥5.69bn |
| Cash and short-term investments | — | CN¥1.64bn | CN¥1.26bn | CN¥1.25bn | CN¥1.51bn | CN¥1.61bn | CN¥516.0m | CN¥382.2m | CN¥321.7m | CN¥280.7m |
| Total liabilities | CN¥2.41bn | CN¥2.92bn | CN¥2.60bn | CN¥2.42bn | CN¥2.32bn | CN¥2.38bn | CN¥1.13bn | CN¥2.02bn | CN¥2.32bn | CN¥2.33bn |
| Debt | CN¥499.7m | CN¥1.79bn | CN¥1.76bn | CN¥1.39bn | CN¥1.67bn | CN¥1.84bn | CN¥718.5m | CN¥1.54bn | CN¥1.64bn | CN¥1.77bn |
| Shareholders' equity | CN¥6.66bn | CN¥5.83bn | CN¥5.57bn | CN¥5.53bn | CN¥5.43bn | CN¥4.76bn | CN¥4.37bn | CN¥4.21bn | CN¥3.86bn | CN¥3.28bn |
| Shares outstanding | 1,421m | 1,188m | 1,962m | 1,123m | 1,293m | 1,152m | 1,145m | 1,104m | 1,105m | 1,082m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥26.2m | CN¥177.3m | −CN¥29.8m | CN¥925.6m | CN¥249.2m | CN¥617.2m | CN¥1.26bn | CN¥428.5m | −CN¥10.0m | CN¥555.9m |
| Capital spending | −CN¥622.1m | −CN¥251.8m | −CN¥313.9m | −CN¥653.9m | −CN¥519.5m | −CN¥600.8m | −CN¥165.0m | −CN¥26.4m | −CN¥34.3m | −CN¥60.7m |
| Free cash flow | −CN¥648.4m | −CN¥74.5m | −CN¥343.7m | CN¥271.7m | −CN¥270.3m | CN¥16.5m | CN¥1.10bn | CN¥402.1m | −CN¥44.3m | CN¥495.3m |
| Dividends paid | −CN¥50.0m | −CN¥65.9m | −CN¥27.0m | −CN¥28.3m | −CN¥30.7m | −CN¥38.9m | −CN¥22.2m | −CN¥149.1m | −CN¥172.0m | −CN¥113.5m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.64bn | CN¥1.73bn | CN¥1.43bn | CN¥1.81bn | CN¥1.55bn | CN¥1.44bn | CN¥1.19bn | CN¥1.43bn |
| Gross profit | CN¥136.7m | CN¥172.1m | CN¥84.5m | CN¥102.1m | CN¥24.0m | CN¥136.2m | CN¥92.4m | CN¥105.6m |
| Operating income | CN¥49.2m | CN¥114.4m | CN¥22.4m | CN¥41.0m | −CN¥60.3m | CN¥81.0m | −CN¥22.0m | CN¥17.8m |
| Net income | CN¥41.9m | CN¥118.0m | CN¥21.2m | CN¥14.6m | −CN¥14.2m | CN¥78.5m | −CN¥23.4m | CN¥21.2m |
| Diluted earnings per share | 0.03 | 0.08 | 0.01 | 0.01 | -0.01 | 0.06 | -0.02 | 0.02 |
| Cash from operations | — | — | — | — | CN¥126.0m | −CN¥194.0m | −CN¥296.0m | — |
| Capital spending | −CN¥222.0m | −CN¥481.0m | −CN¥445.0m | −CN¥133.0m | −CN¥153.0m | −CN¥79.0m | −CN¥254.0m | −CN¥26.0m |
| Free cash flow | — | — | — | — | −CN¥27.0m | −CN¥273.0m | −CN¥550.0m | — |
| Total assets | CN¥10.38bn | CN¥10.18bn | CN¥9.12bn | CN¥9.09bn | CN¥9.00bn | CN¥8.66bn | CN¥8.68bn | CN¥8.76bn |
| Cash and short-term investments | — | — | — | — | CN¥1.27bn | CN¥1.06bn | CN¥1.21bn | CN¥1.64bn |
| Debt | CN¥1.29bn | CN¥1.30bn | CN¥672.4m | CN¥499.7m | CN¥1.22bn | CN¥1.96bn | CN¥1.90bn | CN¥1.78bn |
| Shareholders' equity | CN¥6.83bn | CN¥6.79bn | CN¥6.69bn | CN¥6.66bn | CN¥6.46bn | CN¥5.89bn | CN¥5.82bn | CN¥5.83bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.1% | 6.8% | 5.8% | 5.0% | 14.7% | 12.1% |
| Operating margin | 2.1% | 2.0% | 0.4% | 1.8% | 8.0% | 7.0% |
| Net margin | 0.9% | 1.3% | 1.7% | 1.9% | 7.1% | 6.4% |
| Return on equity | 0.8% | 1.2% | 1.6% | 2.1% | 8.1% | 6.6% |
| Return on assets | 0.6% | 0.8% | 1.1% | 1.5% | 5.6% | 4.3% |
| Free cash flow yield | 10.8% | 9.3% | 3.7% | 36.1% | 15.2% | 27.1% |
| Revenue growth | 9.7% | 0.4% | -12.4% | 0.0% | 27.7% | -7.2% |
| Earnings growth | -22.2% | -22.2% | -22.1% | -73.3% | 41.4% | 65.3% |
| Current ratio | 1.96x | 1.98x | 2.23x | 2.11x | 2.93x | 2.88x |
| Debt to equity | 0.07x | 0.31x | 0.32x | 0.23x | 0.30x | 0.37x |
| Equity ratio | 73.3% | 66.5% | 68.1% | 69.5% | 68.4% | 65.3% |
| Interest coverage | 2.07x | 1.21x | 0.59x | 3.84x | 17.50x | 6.96x |
| R&D as a share of sales | 2.9% | 3.2% | 3.6% | 3.5% | 3.8% | 3.5% |
| Buybacks as a share of market value | -19.7% | 39.5% | -74.8% | 13.1% | -12.2% | -0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 4.3% | 7.4% |
| Operating income | 3.3% | -18.3% | — |
| Net income | -22.2% | -29.2% | 16.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.6% | 7.5% | 9.4% | 11.3% |
| Operating margin | 1.6% | 1.7% | 3.7% | 5.1% |
| Net margin | 1.1% | 1.4% | 3.2% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 144.8 | 66.0 | 72.7 | 32.4 | 11.8 | 13.0 | 20.3 | 11.6 | 10.2 | 22.7 |
| Price to sales | 1.3 | 0.9 | 1.2 | 0.6 | 0.8 | 0.8 | 0.7 | 0.7 | 1.2 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2024.
| FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2011 | FY2007 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.035 | 0.02 | 0.05 | 0.07 | 0.05 | 0.039 |
- 2-for-1 split · 9 Jul 2012
- 13-for-10 split · 28 May 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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