D 
22.89
-1.34%
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¥9.43bn
FY2016FY2025
Net income
CN¥212.8m
FY2016FY2025
Free cash flow
−CN¥857.6m
FY2016FY2025
Shareholders' equity
CN¥8.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.43bn | CN¥8.21bn | CN¥11.94bn | CN¥12.36bn | CN¥7.81bn | CN¥4.25bn | CN¥4.00bn | CN¥3.95bn | CN¥3.77bn | CN¥2.87bn |
| Gross profit | CN¥2.30bn | CN¥595.7m | CN¥1.88bn | CN¥3.75bn | CN¥2.50bn | CN¥588.9m | CN¥710.6m | CN¥1.01bn | CN¥901.9m | CN¥1.18bn |
| Research and development | CN¥487.3m | CN¥392.6m | CN¥547.4m | CN¥500.6m | CN¥263.7m | CN¥129.3m | CN¥201.9m | CN¥131.8m | CN¥116.0m | CN¥123.4m |
| Operating income | CN¥406.2m | −CN¥388.8m | CN¥633.9m | CN¥2.34bn | CN¥1.53bn | CN¥208.5m | −CN¥450.2m | CN¥266.3m | CN¥402.8m | CN¥587.2m |
| Net income | CN¥212.8m | −CN¥308.5m | CN¥511.1m | CN¥1.95bn | CN¥1.26bn | CN¥48.6m | −CN¥410.6m | CN¥65.9m | CN¥256.5m | CN¥477.8m |
| Diluted earnings per share | 0.18 | -0.31 | 0.58 | 1.80 | 1.20 | 0.05 | -0.43 | 0.07 | 0.30 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥24.92bn | CN¥23.37bn | CN¥22.87bn | CN¥18.24bn | CN¥11.81bn | CN¥9.65bn | CN¥9.13bn | CN¥8.16bn | CN¥7.04bn | CN¥5.26bn |
| Cash and short-term investments | — | CN¥5.98bn | CN¥6.88bn | CN¥3.68bn | CN¥1.56bn | CN¥2.56bn | CN¥1.40bn | CN¥1.14bn | CN¥984.3m | CN¥814.2m |
| Total liabilities | CN¥13.92bn | CN¥12.34bn | CN¥11.04bn | CN¥10.25bn | CN¥5.99bn | CN¥6.13bn | CN¥5.62bn | CN¥4.14bn | CN¥3.84bn | CN¥2.38bn |
| Debt | CN¥4.03bn | CN¥4.59bn | CN¥3.85bn | CN¥2.68bn | CN¥1.49bn | CN¥3.61bn | CN¥3.15bn | CN¥2.02bn | CN¥2.02bn | CN¥1.45bn |
| Shareholders' equity | CN¥8.40bn | CN¥8.52bn | CN¥9.36bn | CN¥6.49bn | CN¥5.08bn | CN¥2.95bn | CN¥2.96bn | CN¥3.47bn | CN¥2.82bn | CN¥2.61bn |
| Shares outstanding | 1,199m | 1,001m | 886m | 1,083m | 1,053m | 1,034m | 961m | 970m | 854m | 870m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥199.1m | −CN¥311.8m | CN¥330.2m | CN¥1.75bn | CN¥1.98bn | −CN¥36.7m | CN¥45.1m | CN¥428.3m | CN¥28.0m | CN¥61.1m |
| Capital spending | −CN¥1.06bn | −CN¥1.01bn | −CN¥1.51bn | −CN¥2.57bn | −CN¥1.22bn | −CN¥402.9m | −CN¥280.0m | −CN¥588.7m | −CN¥607.6m | −CN¥339.2m |
| Free cash flow | −CN¥857.6m | −CN¥1.32bn | −CN¥1.18bn | −CN¥820.8m | CN¥758.1m | −CN¥439.6m | −CN¥234.8m | −CN¥160.5m | −CN¥579.6m | −CN¥278.1m |
| Dividends paid | −CN¥399.0m | −CN¥501.9m | −CN¥593.5m | −CN¥228.9m | −CN¥152.6m | −CN¥6.8m | −CN¥136.8m | −CN¥336.6m | −CN¥164.3m | −CN¥78.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.82bn | CN¥3.22bn | CN¥2.71bn | CN¥2.40bn | CN¥2.23bn | CN¥2.10bn | CN¥1.33bn | CN¥2.28bn |
| Gross profit | CN¥629.9m | CN¥887.8m | CN¥558.0m | CN¥250.9m | CN¥225.7m | CN¥282.6m | CN¥17.8m | CN¥166.8m |
| Operating income | CN¥296.1m | CN¥591.4m | CN¥290.4m | CN¥1.4m | −CN¥20.3m | CN¥120.5m | −CN¥484.9m | −CN¥18.2m |
| Net income | CN¥136.3m | CN¥375.5m | CN¥134.7m | CN¥26.7m | −CN¥13.4m | CN¥64.7m | −CN¥333.4m | −CN¥46.1m |
| Diluted earnings per share | 0.11 | 0.31 | 0.11 | 0.02 | -0.01 | 0.05 | -0.33 | -0.05 |
| Cash from operations | — | — | — | CN¥287.0m | CN¥236.0m | −CN¥210.0m | CN¥363.0m | CN¥179.0m |
| Capital spending | −CN¥361.0m | −CN¥123.0m | −CN¥210.0m | −CN¥263.0m | −CN¥285.0m | −CN¥296.0m | −CN¥320.0m | −CN¥373.0m |
| Free cash flow | — | — | — | CN¥24.0m | −CN¥49.0m | −CN¥506.0m | CN¥43.0m | −CN¥194.0m |
| Total assets | CN¥28.96bn | CN¥28.54bn | CN¥24.92bn | CN¥24.34bn | CN¥25.09bn | CN¥24.14bn | CN¥23.37bn | CN¥22.48bn |
| Cash and short-term investments | — | — | — | CN¥5.92bn | CN¥7.24bn | CN¥6.43bn | CN¥5.98bn | CN¥6.02bn |
| Debt | CN¥6.32bn | CN¥6.89bn | CN¥4.03bn | CN¥5.41bn | CN¥6.71bn | CN¥4.77bn | CN¥4.08bn | CN¥4.75bn |
| Shareholders' equity | CN¥8.68bn | CN¥8.77bn | CN¥8.40bn | CN¥8.27bn | CN¥8.24bn | CN¥8.51bn | CN¥8.52bn | CN¥8.87bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.4% | 7.3% | 15.8% | 30.4% | 32.0% | 13.9% |
| Operating margin | 4.3% | -4.7% | 5.3% | 18.9% | 19.5% | 4.9% |
| Net margin | 2.3% | -3.8% | 4.3% | 15.8% | 16.1% | 1.1% |
| Return on equity | 2.5% | -3.6% | 5.5% | 30.0% | 24.8% | 1.6% |
| Return on assets | 0.9% | -1.3% | 2.2% | 10.7% | 10.7% | 0.5% |
| Free cash flow yield | 3.2% | 2.1% | 6.4% | 12.2% | 9.3% | 1.1% |
| Revenue growth | 15.0% | -31.3% | -3.4% | 58.3% | 83.9% | 6.2% |
| Earnings growth | -169.0% | -160.4% | -73.8% | 54.6% | 2490.8% | -111.8% |
| Current ratio | 1.30x | 1.33x | 1.79x | 1.21x | 1.04x | 0.78x |
| Debt to equity | 0.48x | 0.48x | 0.41x | 0.41x | 0.29x | 1.22x |
| Equity ratio | 33.7% | 36.5% | 40.9% | 35.6% | 43.0% | 30.6% |
| Interest coverage | 2.37x | -2.21x | 4.42x | 17.48x | 9.81x | 1.24x |
| R&D as a share of sales | 5.2% | 4.8% | 4.6% | 4.1% | 3.4% | 3.0% |
| Buybacks as a share of market value | -19.7% | -13.1% | 18.2% | -2.9% | -1.8% | -7.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | 17.3% | 15.7% |
| Operating income | -44.2% | 14.3% | 28.1% |
| Net income | -52.2% | 34.3% | 18.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.4% | 20.3% | 21.5% | 22.3% |
| Operating margin | 0.1% | 7.1% | 8.8% | 7.9% |
| Net margin | -0.5% | 5.6% | 6.8% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 191.0 | -39.0 | 26.4 | 13.2 | 26.9 | 304.1 | -21.9 | 115.3 | 48.5 | 35.5 |
| Price to sales | 4.3 | 1.5 | 1.1 | 2.1 | 4.3 | 3.5 | 2.3 | 1.9 | 3.3 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 20 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.30 | 0.429 | 0.214 | 0.143 | 0.007 | 0.143 |
- 7-for-5 split · 25 Apr 2023
- 5-for-2 split · 12 May 2016
- 8-for-5 split · 18 Oct 2011
- 13-for-10 split · 29 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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