B 
10.36
0.00%
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¥9.91bn
FY2016FY2025
Net income
−CN¥18.5m
FY2016FY2025
Free cash flow
−CN¥1.08bn
FY2016FY2025
Shareholders' equity
CN¥5.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.91bn | CN¥8.98bn | CN¥7.65bn | CN¥9.10bn | CN¥8.12bn | CN¥5.95bn | CN¥5.57bn | CN¥5.10bn | CN¥4.93bn | CN¥4.05bn |
| Gross profit | CN¥1.57bn | CN¥996.1m | CN¥1.02bn | CN¥1.44bn | CN¥1.14bn | CN¥759.1m | CN¥885.4m | CN¥776.9m | CN¥621.5m | CN¥605.8m |
| Research and development | CN¥487.9m | CN¥455.2m | CN¥352.4m | CN¥396.6m | CN¥309.2m | CN¥231.6m | CN¥220.0m | CN¥183.6m | CN¥183.2m | CN¥125.2m |
| Operating income | CN¥365.9m | CN¥295.8m | CN¥475.7m | CN¥785.0m | CN¥587.0m | CN¥350.6m | CN¥1.04bn | CN¥410.3m | CN¥243.1m | CN¥257.5m |
| Net income | −CN¥18.5m | CN¥159.6m | CN¥306.4m | CN¥610.7m | CN¥492.9m | CN¥243.7m | CN¥910.4m | CN¥329.5m | CN¥154.8m | CN¥169.3m |
| Diluted earnings per share | -0.02 | 0.16 | 0.30 | 0.68 | 0.54 | 0.27 | 1.01 | 0.37 | 0.17 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥15.23bn | CN¥13.55bn | CN¥11.52bn | CN¥9.06bn | CN¥7.41bn | CN¥5.79bn | CN¥5.12bn | CN¥4.53bn | CN¥3.72bn | CN¥3.49bn |
| Cash and short-term investments | — | CN¥245.2m | CN¥372.7m | CN¥274.5m | CN¥244.3m | CN¥244.2m | CN¥213.7m | CN¥336.6m | CN¥147.1m | CN¥238.1m |
| Total liabilities | CN¥9.09bn | CN¥7.39bn | CN¥5.46bn | CN¥4.45bn | CN¥3.42bn | CN¥2.92bn | CN¥2.45bn | CN¥2.70bn | CN¥2.17bn | CN¥2.05bn |
| Debt | CN¥2.32bn | CN¥4.95bn | CN¥3.43bn | CN¥2.60bn | CN¥2.10bn | CN¥1.77bn | CN¥1.74bn | CN¥2.16bn | CN¥1.65bn | CN¥1.59bn |
| Shareholders' equity | CN¥5.28bn | CN¥5.34bn | CN¥5.27bn | CN¥3.93bn | CN¥3.39bn | CN¥2.82bn | CN¥2.67bn | CN¥1.83bn | CN¥1.55bn | CN¥1.43bn |
| Shares outstanding | 992m | 990m | 1,021m | 905m | 906m | 904m | 905m | 903m | 898m | 805m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥28.9m | CN¥10.5m | CN¥350.7m | CN¥1.34bn | CN¥56.9m | CN¥528.6m | CN¥307.3m | CN¥90.0m | CN¥310.8m | CN¥121.2m |
| Capital spending | −CN¥1.11bn | −CN¥1.79bn | −CN¥1.89bn | −CN¥1.33bn | −CN¥839.2m | −CN¥409.8m | −CN¥231.7m | −CN¥246.4m | −CN¥256.1m | −CN¥267.1m |
| Free cash flow | −CN¥1.08bn | −CN¥1.78bn | −CN¥1.54bn | CN¥14.5m | −CN¥782.4m | CN¥118.8m | CN¥75.6m | −CN¥156.4m | CN¥54.7m | −CN¥145.9m |
| Dividends paid | −CN¥190.1m | −CN¥202.8m | −CN¥179.5m | −CN¥367.9m | −CN¥140.8m | −CN¥191.2m | −CN¥154.4m | −CN¥158.1m | −CN¥109.0m | −CN¥90.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.48bn | CN¥2.13bn | CN¥2.94bn | CN¥2.62bn | CN¥2.32bn | CN¥2.03bn | CN¥2.64bn | CN¥2.27bn |
| Gross profit | CN¥266.4m | CN¥145.1m | CN¥314.6m | CN¥284.0m | CN¥250.0m | CN¥197.6m | CN¥267.4m | CN¥246.6m |
| Operating income | CN¥74.2m | CN¥32.3m | CN¥97.8m | CN¥47.5m | CN¥83.0m | CN¥33.0m | CN¥8.1m | CN¥41.8m |
| Net income | −CN¥23.4m | CN¥5.1m | −CN¥106.0m | CN¥23.3m | CN¥35.9m | CN¥28.2m | CN¥5.9m | CN¥34.0m |
| Diluted earnings per share | -0.02 | 0.01 | -0.11 | 0.02 | 0.04 | 0.03 | 0.01 | 0.03 |
| Cash from operations | — | — | — | −CN¥85.0m | CN¥255.0m | CN¥259.0m | −CN¥47.0m | −CN¥62.0m |
| Capital spending | −CN¥294.0m | −CN¥281.0m | −CN¥335.0m | −CN¥296.0m | −CN¥191.0m | −CN¥282.0m | −CN¥369.0m | −CN¥153.0m |
| Free cash flow | — | — | — | −CN¥381.0m | CN¥64.0m | −CN¥23.0m | −CN¥416.0m | −CN¥215.0m |
| Total assets | CN¥14.88bn | CN¥14.76bn | CN¥15.23bn | CN¥14.41bn | CN¥13.92bn | CN¥13.49bn | CN¥13.55bn | CN¥12.66bn |
| Cash and short-term investments | — | — | — | CN¥603.6m | CN¥587.6m | CN¥367.1m | CN¥245.2m | CN¥242.8m |
| Debt | CN¥2.55bn | CN¥2.49bn | CN¥2.32bn | CN¥4.53bn | CN¥5.70bn | CN¥5.21bn | CN¥4.95bn | CN¥4.73bn |
| Shareholders' equity | CN¥5.26bn | CN¥5.28bn | CN¥5.28bn | CN¥5.38bn | CN¥5.35bn | CN¥5.37bn | CN¥5.34bn | CN¥5.33bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.8% | 11.1% | 13.4% | 15.9% | 14.0% | 12.8% |
| Operating margin | 3.7% | 3.3% | 6.2% | 8.6% | 7.2% | 5.9% |
| Net margin | -0.2% | 1.8% | 4.0% | 6.7% | 6.1% | 4.1% |
| Return on equity | -0.4% | 3.0% | 5.8% | 15.5% | 14.5% | 8.6% |
| Return on assets | -0.1% | 1.2% | 2.7% | 6.7% | 6.7% | 4.2% |
| Free cash flow yield | 10.4% | 16.6% | 20.0% | 26.9% | 9.0% | 9.5% |
| Revenue growth | 10.3% | 17.4% | -16.0% | 12.2% | 36.5% | 6.7% |
| Earnings growth | -111.6% | -47.9% | -49.8% | 23.9% | 102.2% | -73.2% |
| Current ratio | 0.87x | 0.96x | 1.01x | 0.92x | 1.37x | 1.12x |
| Debt to equity | 0.44x | 0.93x | 0.65x | 0.66x | 0.62x | 0.63x |
| Equity ratio | 34.6% | 39.4% | 45.8% | 43.4% | 45.7% | 48.6% |
| Interest coverage | 3.13x | 2.51x | 4.28x | 7.36x | 6.87x | 4.94x |
| R&D as a share of sales | 4.9% | 5.1% | 4.6% | 4.4% | 3.8% | 3.9% |
| Buybacks as a share of market value | -0.2% | 3.0% | -12.8% | 0.1% | -0.2% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 10.8% | 12.3% |
| Operating income | -22.5% | 0.9% | 34.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.6% | 14.1% | 13.9% | 14.0% |
| Operating margin | 3.5% | 5.4% | 5.8% | 6.7% |
| Net margin | 0.7% | 3.0% | 3.6% | 4.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -818.2 | 70.0 | 46.8 | 22.3 | 30.1 | 35.0 | 6.6 | 12.2 | 38.9 | 15.8 |
| Price to sales | 1.5 | 1.2 | 1.9 | 1.5 | 1.8 | 1.4 | 1.1 | 0.8 | 1.2 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 6 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.093 | 0.071 | 0.071 | 0.071 | 0.107 | 0.071 | 0.057 |
- 7-for-5 split · 14 Jun 2024
- 2-for-1 split · 26 May 2017
- 3-for-2 split · 11 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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