H 
8.88
-5.23%
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¥82.89bn
FY2016FY2025
Net income
CN¥2.12bn
FY2016FY2025
Free cash flow
−CN¥4.30bn
FY2016FY2025
Shareholders' equity
CN¥29.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥82.89bn | CN¥69.15bn | CN¥70.44bn | CN¥41.50bn | CN¥37.98bn | CN¥28.60bn | CN¥24.95bn | CN¥21.12bn | CN¥13.77bn | CN¥19.45bn |
| Gross profit | CN¥10.96bn | CN¥8.67bn | CN¥8.03bn | CN¥6.55bn | CN¥9.43bn | CN¥7.73bn | CN¥8.76bn | CN¥7.55bn | CN¥4.19bn | CN¥4.87bn |
| Operating income | CN¥8.55bn | CN¥5.99bn | CN¥5.05bn | CN¥5.32bn | CN¥6.75bn | CN¥4.83bn | CN¥5.42bn | CN¥4.25bn | CN¥2.94bn | CN¥2.83bn |
| Net income | CN¥2.12bn | CN¥2.55bn | CN¥2.53bn | CN¥3.74bn | CN¥3.03bn | CN¥2.33bn | CN¥1.63bn | CN¥1.22bn | CN¥1.71bn | CN¥1.40bn |
| Diluted earnings per share | 0.68 | 0.82 | 0.81 | 1.20 | 0.93 | 0.99 | 0.53 | 0.38 | 0.47 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥208.23bn | CN¥259.08bn | CN¥290.03bn | CN¥276.20bn | CN¥211.73bn | CN¥172.05bn | CN¥129.88bn | CN¥87.56bn | CN¥60.24bn | CN¥49.54bn |
| Cash and short-term investments | — | CN¥37.28bn | CN¥32.82bn | CN¥24.41bn | CN¥21.15bn | CN¥18.53bn | CN¥12.02bn | CN¥7.69bn | CN¥9.68bn | CN¥9.16bn |
| Total liabilities | CN¥159.11bn | CN¥207.53bn | CN¥231.58bn | CN¥223.48bn | CN¥174.34bn | CN¥144.00bn | CN¥107.28bn | CN¥68.24bn | CN¥43.88bn | CN¥33.81bn |
| Debt | CN¥26.01bn | CN¥27.67bn | CN¥28.11bn | CN¥39.04bn | CN¥32.44bn | CN¥31.04bn | CN¥22.11bn | CN¥22.27bn | CN¥8.02bn | CN¥6.50bn |
| Shareholders' equity | CN¥29.47bn | CN¥27.53bn | CN¥25.30bn | CN¥23.54bn | CN¥20.58bn | CN¥18.37bn | CN¥16.56bn | CN¥15.28bn | CN¥14.28bn | CN¥12.79bn |
| Shares outstanding | 3,111m | 3,111m | 3,111m | 3,124m | 3,240m | 2,348m | 3,064m | 3,170m | 3,630m | 3,110m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥4.29bn | CN¥7.67bn | CN¥32.65bn | CN¥5.21bn | CN¥839.4m | −CN¥3.16bn | CN¥2.62bn | −CN¥13.94bn | CN¥3.43bn | CN¥13.13bn |
| Capital spending | −CN¥11.8m | −CN¥27.8m | −CN¥188.8m | −CN¥137.0m | −CN¥42.1m | −CN¥80.2m | −CN¥27.5m | −CN¥27.0m | −CN¥57.6m | −CN¥37.2m |
| Free cash flow | −CN¥4.30bn | CN¥7.64bn | CN¥32.46bn | CN¥5.08bn | CN¥797.3m | −CN¥3.24bn | CN¥2.59bn | −CN¥13.97bn | CN¥3.37bn | CN¥13.09bn |
| Dividends paid | −CN¥1.31bn | −CN¥2.12bn | −CN¥777.9m | −CN¥3.39bn | −CN¥3.30bn | −CN¥2.52bn | −CN¥1.69bn | −CN¥1.23bn | −CN¥467.9m | −CN¥482.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥19.62bn | CN¥12.49bn | CN¥17.37bn | CN¥20.07bn | CN¥22.94bn | CN¥22.51bn | CN¥28.37bn | CN¥16.58bn |
| Gross profit | CN¥2.46bn | CN¥1.38bn | CN¥2.81bn | CN¥2.59bn | CN¥3.09bn | CN¥2.47bn | CN¥4.42bn | CN¥1.94bn |
| Operating income | CN¥1.94bn | CN¥935.4m | CN¥2.33bn | CN¥1.95bn | CN¥2.18bn | CN¥1.90bn | CN¥3.22bn | CN¥905.0m |
| Net income | CN¥739.9m | CN¥810.8m | −CN¥278.3m | CN¥541.9m | CN¥876.8m | CN¥975.9m | CN¥912.3m | CN¥467.3m |
| Diluted earnings per share | 0.24 | 0.26 | -0.09 | 0.17 | 0.28 | 0.31 | 0.29 | 0.15 |
| Cash from operations | — | — | — | CN¥995.0m | −CN¥2.84bn | −CN¥6.12bn | CN¥9.11bn | CN¥3.18bn |
| Capital spending | −CN¥8.0m | −CN¥4.0m | −CN¥7.0m | — | — | −CN¥2.0m | −CN¥3.0m | −CN¥12.0m |
| Free cash flow | — | — | — | — | — | −CN¥6.12bn | CN¥9.11bn | CN¥3.17bn |
| Total assets | CN¥192.82bn | CN¥203.96bn | CN¥208.23bn | CN¥231.34bn | CN¥240.64bn | CN¥250.42bn | CN¥259.08bn | CN¥277.91bn |
| Cash and short-term investments | — | — | — | CN¥29.28bn | CN¥29.63bn | CN¥33.18bn | CN¥37.28bn | CN¥29.34bn |
| Debt | CN¥22.77bn | CN¥26.43bn | CN¥26.01bn | CN¥6.66bn | CN¥24.20bn | CN¥25.26bn | CN¥27.66bn | CN¥29.79bn |
| Shareholders' equity | CN¥30.69bn | CN¥30.28bn | CN¥29.47bn | CN¥29.72bn | CN¥29.43bn | CN¥28.48bn | CN¥27.53bn | CN¥26.55bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.2% | 12.5% | 11.4% | 15.8% | 24.8% | 27.0% |
| Operating margin | 10.3% | 8.7% | 7.2% | 12.8% | 17.8% | 16.9% |
| Net margin | 2.6% | 3.7% | 3.6% | 9.0% | 8.0% | 8.1% |
| Return on equity | 7.2% | 9.2% | 10.0% | 15.9% | 14.7% | 12.7% |
| Return on assets | 1.0% | 1.0% | 0.9% | 1.4% | 1.4% | 1.4% |
| Free cash flow yield | -16.7% | 30.1% | 128.2% | 20.8% | 3.3% | -15.9% |
| Revenue growth | 19.9% | -1.8% | 69.7% | 9.3% | 32.8% | 14.6% |
| Earnings growth | -16.9% | 0.7% | -32.4% | 23.6% | 30.1% | 42.7% |
| Current ratio | 1.33x | 1.26x | 1.27x | 1.36x | 1.34x | 1.40x |
| Debt to equity | 0.88x | 1.00x | 2.62x | 2.20x | 1.57x | 2.12x |
| Equity ratio | 14.2% | 10.6% | 8.7% | 8.5% | 9.7% | 10.7% |
| Interest coverage | 14.08x | 8.04x | 6.75x | 4.75x | 7.99x | 5.02x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.4% | 3.6% | -38.0% | 23.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.9% | 23.7% | 20.7% |
| Operating income | 17.1% | 12.1% | 15.3% |
| Net income | -17.3% | -1.9% | 7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.9% | 13.0% | 15.5% | 19.1% |
| Operating margin | 9.6% | 9.4% | 11.0% | 12.8% |
| Net margin | 3.1% | 4.1% | 4.9% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.8 | 10.5 | 8.9 | 7.4 | 5.0 | 4.6 | 9.2 | 10.4 | 16.9 | 15.5 |
| Price to sales | 0.4 | 0.4 | 0.3 | 0.7 | 0.4 | 0.4 | 0.6 | 0.6 | 2.1 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 22 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.068 | 0.082 | 0.09 | 0.25 | 0.226 | 0.226 | 0.132 | 0.06 |
- 13-for-10 split · 29 Apr 2009
- 2-for-1 split · 18 Aug 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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