A 
52.41
+0.40%
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¥1.37bn
FY2016FY2025
Net income
CN¥2.27bn
FY2016FY2025
Free cash flow
−CN¥431.1m
FY2016FY2025
Shareholders' equity
CN¥21.83bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.37bn | CN¥2.59bn | CN¥3.23bn | CN¥2.40bn | CN¥2.01bn | CN¥706.3m | CN¥563.9m | CN¥597.9m | CN¥420.1m |
| Research and development | CN¥323.6m | CN¥269.2m | CN¥278.5m | CN¥66.7m | CN¥78.3m | CN¥80.0m | CN¥68.9m | CN¥94.1m | CN¥41.5m |
| Operating income | −CN¥296.5m | CN¥2.11bn | CN¥1.61bn | CN¥919.3m | CN¥238.6m | CN¥20.5m | −CN¥91.9m | −CN¥171.3m | CN¥8.2m |
| Net income | CN¥2.27bn | CN¥1.67bn | CN¥1.25bn | CN¥908.6m | CN¥242.3m | CN¥66.4m | CN¥12.7m | −CN¥165.9m | CN¥14.5m |
| Diluted earnings per share | 5.53 | 3.79 | 2.80 | 2.00 | 0.56 | 0.15 | 0.03 | -0.38 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥29.31bn | CN¥26.34bn | CN¥22.62bn | CN¥3.93bn | CN¥2.53bn | CN¥1.94bn | CN¥1.95bn | CN¥2.10bn | CN¥2.36bn |
| Cash and short-term investments | — | CN¥10.45bn | CN¥11.27bn | CN¥1.34bn | CN¥1.20bn | CN¥732.0m | CN¥528.4m | CN¥654.7m | CN¥791.7m |
| Total liabilities | CN¥7.28bn | CN¥4.84bn | CN¥2.79bn | CN¥1.09bn | CN¥704.8m | CN¥341.7m | CN¥381.9m | CN¥729.1m | CN¥814.6m |
| Debt | CN¥1.45bn | CN¥2.63bn | CN¥1.51bn | CN¥242.9m | CN¥344.4m | CN¥197.5m | CN¥222.5m | CN¥70.0m | CN¥446.8m |
| Shareholders' equity | CN¥21.83bn | CN¥20.74bn | CN¥19.23bn | CN¥2.87bn | CN¥1.88bn | CN¥1.66bn | CN¥1.58bn | CN¥1.37bn | CN¥1.54bn |
| Shares outstanding | 410m | 441m | 448m | 454m | 433m | 433m | 402m | 440m | 422m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥166.8m | CN¥986.8m | CN¥1.77bn | CN¥293.1m | CN¥461.6m | −CN¥43.7m | −CN¥104.2m | −CN¥91.9m | −CN¥36.5m |
| Capital spending | −CN¥264.3m | −CN¥73.9m | −CN¥212.7m | −CN¥70.4m | −CN¥53.8m | −CN¥60.7m | −CN¥179.7m | −CN¥56.5m | −CN¥69.6m |
| Free cash flow | −CN¥431.1m | CN¥912.8m | CN¥1.56bn | CN¥222.7m | CN¥407.9m | −CN¥104.4m | −CN¥283.9m | −CN¥148.4m | −CN¥106.1m |
| Dividends paid | −CN¥186.9m | −CN¥190.7m | −CN¥1.18bn | −CN¥36.7m | −CN¥6.7m | −CN¥8.7m | −CN¥6.3m | −CN¥11.0m | −CN¥4.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥229.8m | CN¥301.5m | CN¥296.3m | CN¥304.0m | CN¥258.3m | CN¥507.0m | CN¥500.1m | CN¥741.1m |
| Operating income | −CN¥96.7m | CN¥1.6m | −CN¥85.0m | −CN¥61.6m | −CN¥196.1m | CN¥303.6m | CN¥292.2m | CN¥257.9m |
| Net income | CN¥2.78bn | CN¥293.5m | CN¥677.7m | CN¥668.9m | CN¥653.9m | CN¥266.3m | CN¥300.1m | CN¥766.9m |
| Diluted earnings per share | 6.77 | 0.72 | 1.65 | 1.63 | 1.59 | 0.65 | 0.68 | 1.74 |
| Cash from operations | — | — | — | CN¥521.0m | CN¥8.0m | CN¥7.0m | CN¥291.0m | CN¥531.0m |
| Capital spending | — | −CN¥94.0m | −CN¥34.0m | −CN¥160.0m | −CN¥24.0m | −CN¥44.0m | −CN¥38.0m | −CN¥6.0m |
| Free cash flow | — | — | — | CN¥361.0m | −CN¥16.0m | −CN¥37.0m | CN¥253.0m | CN¥525.0m |
| Total assets | CN¥33.75bn | CN¥29.91bn | CN¥29.31bn | CN¥28.98bn | CN¥28.66bn | CN¥26.67bn | CN¥26.34bn | CN¥24.46bn |
| Cash and short-term investments | — | — | — | CN¥13.87bn | CN¥11.43bn | CN¥10.22bn | CN¥10.45bn | CN¥10.53bn |
| Debt | CN¥1.76bn | CN¥2.11bn | CN¥1.45bn | CN¥2.94bn | CN¥3.79bn | CN¥2.38bn | CN¥2.61bn | CN¥2.86bn |
| Shareholders' equity | CN¥23.14bn | CN¥21.62bn | CN¥21.83bn | CN¥22.19bn | CN¥21.77bn | CN¥21.42bn | CN¥20.74bn | CN¥19.27bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -21.7% | 81.4% | 49.9% | 69.6% | 38.4% | 11.9% |
| Net margin | 166.0% | 64.4% | 38.7% | 60.9% | 37.9% | 12.1% |
| Return on equity | 10.4% | 8.0% | 6.5% | 82.0% | 31.6% | 12.9% |
| Return on assets | 7.7% | 6.3% | 5.5% | 73.8% | 23.1% | 9.6% |
| Free cash flow yield | 0.4% | 4.1% | 7.5% | 68.2% | 1.4% | 2.0% |
| Revenue growth | -47.3% | -19.8% | -87.7% | 997.8% | 19.4% | 184.4% |
| Earnings growth | 35.8% | 33.3% | -92.2% | 1664.2% | 275.0% | 264.7% |
| Current ratio | 2.65x | 5.50x | 7.90x | 16.52x | 2.75x | 3.22x |
| Debt to equity | 0.07x | 0.13x | 0.08x | 0.01x | 0.07x | 0.16x |
| Equity ratio | 74.5% | 78.7% | 85.0% | 90.0% | 73.1% | 74.6% |
| Interest coverage | -2.61x | 30.39x | 105.94x | 2719.80x | 53.57x | 24.84x |
| R&D as a share of sales | 23.7% | 10.4% | 8.6% | 0.9% | 2.8% | 3.9% |
| Buybacks as a share of market value | 6.9% | 1.5% | 2.1% | -0.8% | -4.8% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -62.7% | -7.4% | 13.1% |
| Operating income | — | — | 6.8% |
| Net income | -47.9% | 56.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 45.8% | 64.9% | 60.4% | 55.4% |
| Net margin | 99.4% | 63.3% | 59.0% | 54.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.2 | 10.8 | 13.5 | 1.5 | 24.7 | 16.5 | 33.1 | 162.7 | -24.7 | 452.3 |
| Price to sales | 12.0 | 6.9 | 5.2 | 0.9 | 9.4 | 2.0 | 3.1 | 3.7 | 6.8 | 15.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2015 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.65 | 0.20 | 0.30 | 2.50 | 0.70 | 0.06 | 0.02 | 0.067 |
- 3-for-2 split · 31 May 2013
- 2-for-1 split · 27 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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