Z 
17.96
-5.57%
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¥12.06bn
FY2016FY2025
Net income
CN¥1.51bn
FY2016FY2025
Free cash flow
CN¥1.16bn
FY2016FY2025
Shareholders' equity
CN¥8.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.06bn | CN¥10.92bn | CN¥8.57bn | CN¥6.54bn | CN¥5.97bn | CN¥4.96bn | CN¥4.44bn | CN¥4.06bn | CN¥2.83bn | CN¥2.70bn |
| Gross profit | CN¥2.97bn | CN¥2.95bn | CN¥2.18bn | CN¥1.61bn | CN¥1.46bn | CN¥1.36bn | CN¥1.19bn | CN¥1.00bn | CN¥586.5m | CN¥601.5m |
| Research and development | CN¥396.5m | CN¥361.7m | CN¥339.3m | CN¥304.2m | CN¥262.7m | CN¥197.2m | CN¥178.3m | CN¥154.6m | CN¥119.6m | CN¥99.3m |
| Operating income | CN¥1.64bn | CN¥1.81bn | CN¥1.73bn | CN¥1.39bn | CN¥905.4m | CN¥903.6m | CN¥578.7m | CN¥379.5m | CN¥147.9m | CN¥170.8m |
| Net income | CN¥1.51bn | CN¥1.49bn | CN¥1.49bn | CN¥1.29bn | CN¥794.1m | CN¥771.5m | CN¥500.0m | CN¥303.6m | CN¥133.8m | CN¥167.8m |
| Diluted earnings per share | 1.59 | 1.55 | 1.52 | 1.35 | 0.83 | 0.91 | 0.59 | 0.37 | 0.16 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥13.92bn | CN¥14.17bn | CN¥13.02bn | CN¥9.87bn | CN¥7.83bn | CN¥6.82bn | CN¥5.98bn | CN¥5.18bn | CN¥4.95bn | CN¥3.88bn |
| Cash and short-term investments | — | CN¥2.82bn | CN¥4.32bn | CN¥1.98bn | CN¥1.33bn | CN¥1.28bn | CN¥887.1m | CN¥1.06bn | CN¥1.01bn | CN¥447.7m |
| Total liabilities | CN¥5.05bn | CN¥6.05bn | CN¥5.56bn | CN¥3.44bn | CN¥2.57bn | CN¥1.87bn | CN¥2.42bn | CN¥1.89bn | CN¥1.96bn | CN¥1.20bn |
| Debt | CN¥1.7m | CN¥744.9m | CN¥774.3m | CN¥593.8m | CN¥215.1m | CN¥131.6m | CN¥968.6m | CN¥911.9m | CN¥1.15bn | CN¥211.2m |
| Shareholders' equity | CN¥8.61bn | CN¥7.88bn | CN¥7.24bn | CN¥6.22bn | CN¥5.10bn | CN¥4.80bn | CN¥3.42bn | CN¥3.17bn | CN¥2.90bn | CN¥2.61bn |
| Shares outstanding | 949m | 962m | 977m | 951m | 957m | 845m | 843m | 832m | 826m | 740m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.89bn | CN¥831.2m | CN¥1.76bn | CN¥993.6m | CN¥758.8m | CN¥1.33bn | CN¥606.9m | CN¥649.2m | −CN¥110.7m | CN¥306.5m |
| Capital spending | −CN¥733.9m | −CN¥593.4m | −CN¥447.6m | −CN¥416.7m | −CN¥738.2m | −CN¥432.6m | −CN¥368.2m | −CN¥190.5m | −CN¥144.8m | −CN¥169.3m |
| Free cash flow | CN¥1.16bn | CN¥237.8m | CN¥1.31bn | CN¥576.8m | CN¥20.7m | CN¥895.3m | CN¥238.8m | CN¥458.7m | −CN¥255.5m | CN¥137.3m |
| Dividends paid | −CN¥932.2m | −CN¥488.1m | −CN¥451.2m | −CN¥384.1m | −CN¥364.9m | −CN¥252.5m | −CN¥252.5m | −CN¥138.7m | −CN¥60.4m | −CN¥33.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.86bn | CN¥2.02bn | CN¥2.31bn | CN¥3.64bn | CN¥3.22bn | CN¥2.88bn | CN¥3.78bn | CN¥2.31bn |
| Gross profit | CN¥320.5m | CN¥504.3m | CN¥509.3m | CN¥803.7m | CN¥777.8m | CN¥809.5m | CN¥1.02bn | CN¥774.4m |
| Operating income | CN¥22.2m | CN¥271.5m | CN¥136.3m | CN¥432.5m | CN¥548.0m | CN¥480.2m | CN¥558.1m | CN¥479.8m |
| Net income | −CN¥2.0m | CN¥394.7m | CN¥247.8m | CN¥434.1m | CN¥438.4m | CN¥389.1m | CN¥445.4m | CN¥400.8m |
| Diluted earnings per share | -0.00 | 0.42 | 0.26 | 0.46 | 0.46 | 0.41 | 0.46 | 0.42 |
| Cash from operations | — | — | — | CN¥353.0m | CN¥210.0m | CN¥35.0m | CN¥461.0m | CN¥142.0m |
| Capital spending | −CN¥158.0m | −CN¥230.0m | −CN¥133.0m | −CN¥223.0m | −CN¥169.0m | −CN¥207.0m | −CN¥126.0m | −CN¥207.0m |
| Free cash flow | — | — | — | CN¥130.0m | CN¥41.0m | −CN¥172.0m | CN¥335.0m | −CN¥65.0m |
| Total assets | CN¥13.30bn | CN¥13.73bn | CN¥13.92bn | CN¥13.43bn | CN¥14.86bn | CN¥14.77bn | CN¥14.17bn | CN¥13.95bn |
| Cash and short-term investments | — | — | — | CN¥1.49bn | CN¥2.30bn | CN¥2.61bn | CN¥2.82bn | CN¥3.37bn |
| Debt | CN¥23.1m | CN¥5.5m | CN¥1.7m | CN¥1.99bn | CN¥779.7m | CN¥877.5m | CN¥734.9m | CN¥793.0m |
| Shareholders' equity | CN¥8.03bn | CN¥9.12bn | CN¥8.61bn | CN¥8.16bn | CN¥7.75bn | CN¥8.14bn | CN¥7.88bn | CN¥7.58bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.7% | 27.0% | 25.4% | 24.7% | 24.4% | 27.5% |
| Operating margin | 13.6% | 16.6% | 20.2% | 21.3% | 15.2% | 18.2% |
| Net margin | 12.5% | 13.7% | 17.4% | 19.7% | 13.3% | 15.6% |
| Return on equity | 17.5% | 18.9% | 20.5% | 20.7% | 15.6% | 16.1% |
| Return on assets | 10.8% | 10.5% | 11.4% | 13.0% | 10.1% | 11.3% |
| Free cash flow yield | 15.2% | 8.1% | 12.4% | 8.1% | 8.6% | 11.4% |
| Revenue growth | 10.4% | 27.4% | 31.1% | 9.4% | 20.6% | 11.7% |
| Earnings growth | 1.3% | 0.1% | 15.6% | 62.2% | 2.9% | 54.3% |
| Current ratio | 1.82x | 1.45x | 1.67x | 1.86x | 1.82x | 2.38x |
| Debt to equity | 0.00x | 0.09x | 0.11x | 0.10x | 0.04x | 0.03x |
| Equity ratio | 61.9% | 55.6% | 55.7% | 63.0% | 65.1% | 70.5% |
| Interest coverage | 70.49x | 44.44x | 44.86x | 54.66x | 37.31x | 24.85x |
| R&D as a share of sales | 3.3% | 3.3% | 4.0% | 4.7% | 4.4% | 4.0% |
| Buybacks as a share of market value | 1.3% | 1.6% | -2.7% | 0.6% | -13.3% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.6% | 19.5% | 16.1% |
| Operating income | 5.7% | 12.7% | 29.9% |
| Net income | 5.4% | 14.4% | 28.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 25.5% | 25.6% | 24.9% |
| Operating margin | 15.0% | 17.3% | 17.1% | 14.9% |
| Net margin | 13.1% | 15.2% | 15.0% | 13.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.2 | 15.1 | 13.1 | 12.3 | 21.5 | 11.9 | 15.8 | 17.4 | 43.8 | 44.1 |
| Price to sales | 2.3 | 2.1 | 2.3 | 2.4 | 2.9 | 1.9 | 1.8 | 1.3 | 2.1 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 0.97 | 0.48 | 0.43 | 0.40 | 0.38 | 0.30 | 0.30 |
- 5-for-2 split · 21 Oct 2015
- 3-for-2 split · 25 Apr 2012
- 13-for-10 split · 12 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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