Z 
3.85
-1.53%
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¥23.21bn
FY2016FY2025
Net income
CN¥1.12bn
FY2016FY2025
Free cash flow
−CN¥623.0m
FY2016FY2025
Shareholders' equity
CN¥12.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥23.21bn | CN¥20.91bn | CN¥18.95bn | CN¥16.78bn | CN¥14.15bn | CN¥8.34bn | CN¥6.54bn | CN¥1.10bn | CN¥995.5m | CN¥941.3m |
| Research and development | CN¥1.00bn | CN¥940.5m | CN¥800.5m | CN¥658.6m | CN¥678.9m | CN¥330.1m | CN¥251.1m | CN¥58.5m | CN¥33.0m | CN¥35.5m |
| Operating income | CN¥1.58bn | CN¥1.10bn | CN¥1.15bn | CN¥1.53bn | CN¥2.51bn | CN¥1.86bn | CN¥1.32bn | CN¥272.7m | CN¥149.5m | CN¥45.6m |
| Net income | CN¥1.12bn | CN¥971.5m | CN¥1.03bn | CN¥1.47bn | CN¥2.31bn | CN¥1.36bn | CN¥470.2m | CN¥109.8m | CN¥86.5m | CN¥64.3m |
| Diluted earnings per share | 0.20 | 0.19 | 0.17 | 0.24 | 0.42 | 0.21 | 0.14 | 0.08 | 0.47 | 0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥27.71bn | CN¥24.64bn | CN¥22.23bn | CN¥24.62bn | CN¥20.78bn | CN¥18.72bn | CN¥16.85bn | CN¥8.44bn | CN¥7.75bn | CN¥6.72bn |
| Cash and short-term investments | — | CN¥4.76bn | CN¥3.09bn | CN¥5.50bn | CN¥2.98bn | CN¥1.76bn | CN¥2.36bn | CN¥1.41bn | CN¥1.21bn | CN¥657.2m |
| Total liabilities | CN¥15.46bn | CN¥13.16bn | CN¥11.07bn | CN¥13.78bn | CN¥10.88bn | CN¥9.81bn | CN¥7.67bn | CN¥3.96bn | CN¥3.73bn | CN¥3.23bn |
| Debt | CN¥263.2m | CN¥3.23bn | CN¥3.79bn | CN¥7.88bn | CN¥4.93bn | CN¥4.37bn | CN¥2.76bn | CN¥1.06bn | CN¥1.30bn | CN¥1.15bn |
| Shareholders' equity | CN¥12.04bn | CN¥11.28bn | CN¥10.94bn | CN¥10.61bn | CN¥9.69bn | CN¥7.70bn | CN¥5.65bn | CN¥3.27bn | CN¥3.08bn | CN¥2.94bn |
| Shares outstanding | 5,537m | 5,213m | 6,015m | 6,083m | 5,502m | 6,357m | 3,373m | 1,402m | 183m | 126m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥31.3m | CN¥1.54bn | CN¥1.28bn | CN¥414.1m | −CN¥51.0m | −CN¥132.5m | CN¥1.06bn | CN¥14.9m | CN¥294.8m | CN¥715.5m |
| Capital spending | −CN¥654.3m | −CN¥826.3m | −CN¥533.4m | −CN¥654.6m | −CN¥1.05bn | −CN¥1.44bn | −CN¥192.1m | −CN¥605.2m | −CN¥576.4m | −CN¥208.2m |
| Free cash flow | −CN¥623.0m | CN¥713.7m | CN¥746.2m | −CN¥240.5m | −CN¥1.10bn | −CN¥1.57bn | CN¥866.8m | −CN¥590.4m | −CN¥281.6m | CN¥507.3m |
| Dividends paid | −CN¥352.3m | −CN¥387.5m | −CN¥313.2m | −CN¥427.6m | −CN¥455.1m | −CN¥53.7m | −CN¥206.6m | −CN¥91.8m | −CN¥78.5m | −CN¥71.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.26bn | CN¥6.18bn | CN¥7.06bn | CN¥5.51bn | CN¥5.70bn | CN¥4.94bn | CN¥5.65bn | CN¥4.95bn |
| Operating income | CN¥798.3m | CN¥802.0m | CN¥702.9m | CN¥189.2m | CN¥398.6m | CN¥278.6m | CN¥355.8m | CN¥302.3m |
| Net income | CN¥753.4m | CN¥602.3m | CN¥379.0m | CN¥172.6m | CN¥295.4m | CN¥270.8m | CN¥195.8m | CN¥291.0m |
| Diluted earnings per share | 0.14 | 0.11 | 0.07 | 0.03 | 0.05 | 0.05 | 0.04 | 0.06 |
| Cash from operations | — | — | — | −CN¥721.0m | CN¥234.0m | −CN¥464.0m | CN¥1.33bn | CN¥332.0m |
| Capital spending | −CN¥48.0m | −CN¥99.0m | −CN¥345.0m | −CN¥98.0m | −CN¥59.0m | −CN¥150.0m | −CN¥338.0m | −CN¥189.0m |
| Free cash flow | — | — | — | −CN¥819.0m | CN¥175.0m | −CN¥614.0m | CN¥995.0m | CN¥143.0m |
| Total assets | CN¥30.03bn | CN¥28.01bn | CN¥27.71bn | CN¥26.78bn | CN¥25.94bn | CN¥25.85bn | CN¥24.64bn | CN¥24.91bn |
| Cash and short-term investments | — | — | — | CN¥4.64bn | CN¥5.15bn | CN¥5.37bn | CN¥4.76bn | CN¥4.78bn |
| Debt | CN¥143.7m | CN¥244.2m | CN¥263.2m | CN¥10.84bn | CN¥2.98bn | CN¥3.17bn | CN¥3.23bn | CN¥2.75bn |
| Shareholders' equity | CN¥13.08bn | CN¥12.65bn | CN¥12.04bn | CN¥11.74bn | CN¥11.56bn | CN¥11.53bn | CN¥11.28bn | CN¥11.18bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.8% | 5.2% | 6.1% | 9.1% | 17.8% | 22.3% |
| Net margin | 4.8% | 4.6% | 5.4% | 8.7% | 16.3% | 16.3% |
| Return on equity | 9.3% | 8.6% | 9.4% | 13.8% | 23.9% | 17.7% |
| Return on assets | 4.0% | 3.9% | 4.6% | 6.0% | 11.1% | 7.3% |
| Free cash flow yield | 2.7% | 9.9% | 6.6% | 3.8% | 4.0% | 4.5% |
| Revenue growth | 11.0% | 10.3% | 12.9% | 18.6% | 69.6% | 27.6% |
| Earnings growth | 15.1% | -5.3% | -30.1% | -36.5% | 69.7% | 189.6% |
| Current ratio | 1.27x | 1.32x | 1.40x | 1.34x | 1.27x | 1.03x |
| Debt to equity | 0.02x | 0.29x | 0.35x | 0.74x | 0.51x | 0.57x |
| Equity ratio | 43.4% | 45.8% | 49.2% | 43.1% | 46.6% | 41.1% |
| Interest coverage | 16.60x | 9.23x | 5.84x | 6.63x | 11.14x | 11.39x |
| R&D as a share of sales | 4.3% | 4.5% | 4.2% | 3.9% | 4.8% | 4.0% |
| Buybacks as a share of market value | -6.2% | 13.3% | 1.1% | -10.6% | 13.5% | -88.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.4% | 22.7% | 41.8% |
| Operating income | 1.2% | -3.1% | 33.3% |
| Net income | -8.7% | -3.9% | 31.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.1% | 6.7% | 9.5% | 10.3% |
| Net margin | 4.7% | 5.7% | 8.1% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.6 | 16.7 | 19.9 | 16.2 | 16.9 | 21.0 | 29.6 | 52.0 | 9.2 | 11.3 |
| Price to sales | 1.0 | 0.8 | 1.1 | 1.4 | 2.8 | 3.4 | 2.1 | 5.2 | 0.8 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 11 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.05 | 0.05 | 0.06 | 0.08 | 0.04 | 0.01 | 0.01 |
- 13-for-10 split · 3 Jul 2015
- 2.009-for-1 split · 16 Sept 2013
- 2-for-1 split · 12 Jun 2012
- 2-for-1 split · 21 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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