D 
33.03
-1.11%
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¥6.17bn
FY2016FY2025
Net income
CN¥1.10bn
FY2016FY2025
Free cash flow
−CN¥971.7m
FY2016FY2025
Shareholders' equity
CN¥8.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.17bn | CN¥3.78bn | CN¥4.33bn | CN¥5.11bn | CN¥4.43bn | CN¥3.33bn | CN¥1.69bn | CN¥969.8m | CN¥1.02bn | CN¥960.3m |
| Gross profit | CN¥1.92bn | CN¥1.13bn | CN¥1.00bn | CN¥853.9m | CN¥1.02bn | CN¥836.8m | CN¥385.5m | CN¥197.4m | CN¥157.9m | CN¥211.2m |
| Research and development | CN¥288.2m | CN¥182.0m | CN¥255.6m | CN¥215.3m | CN¥181.3m | CN¥136.5m | CN¥69.4m | CN¥45.7m | CN¥31.3m | CN¥37.2m |
| Operating income | CN¥1.26bn | CN¥507.7m | CN¥476.8m | CN¥545.0m | CN¥686.6m | CN¥550.2m | CN¥207.4m | CN¥73.2m | CN¥40.5m | CN¥88.9m |
| Net income | CN¥1.10bn | CN¥473.9m | CN¥425.2m | CN¥450.3m | CN¥577.4m | CN¥465.0m | CN¥175.6m | CN¥62.7m | CN¥41.5m | CN¥71.4m |
| Diluted earnings per share | 1.73 | 0.74 | 0.68 | 0.77 | 1.04 | 0.85 | 0.32 | 0.11 | 0.08 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.49bn | CN¥11.56bn | CN¥10.22bn | CN¥11.26bn | CN¥6.65bn | CN¥4.66bn | CN¥3.69bn | CN¥2.95bn | CN¥2.76bn | CN¥2.57bn |
| Cash and short-term investments | CN¥3.51bn | CN¥2.92bn | CN¥2.96bn | CN¥4.05bn | CN¥1.31bn | CN¥942.9m | CN¥851.5m | CN¥593.4m | CN¥582.6m | CN¥641.3m |
| Total liabilities | CN¥6.21bn | CN¥4.29bn | CN¥3.31bn | CN¥4.75bn | CN¥3.65bn | CN¥2.25bn | CN¥1.68bn | CN¥1.13bn | CN¥1.02bn | CN¥872.0m |
| Debt | CN¥2.16bn | CN¥612.0m | CN¥594.4m | CN¥1.35bn | CN¥2.17bn | CN¥1.05bn | CN¥790.9m | CN¥389.2m | CN¥245.6m | CN¥265.2m |
| Shareholders' equity | CN¥8.28bn | CN¥7.27bn | CN¥6.91bn | CN¥6.51bn | CN¥3.00bn | CN¥2.41bn | CN¥2.01bn | CN¥1.81bn | CN¥1.74bn | CN¥1.70bn |
| Shares outstanding | 636m | 639m | 626m | 581m | 554m | 547m | 555m | 565m | 490m | 584m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.23bn | CN¥1.08bn | CN¥808.7m | CN¥112.2m | CN¥21.2m | CN¥17.4m | CN¥228.4m | CN¥101.9m | −CN¥114.2m | CN¥8.9m |
| Capital spending | −CN¥2.20bn | −CN¥844.9m | −CN¥413.4m | −CN¥686.0m | −CN¥219.8m | −CN¥140.0m | −CN¥107.3m | −CN¥136.5m | −CN¥36.8m | −CN¥86.1m |
| Free cash flow | −CN¥971.7m | CN¥238.6m | CN¥395.3m | −CN¥573.8m | −CN¥198.6m | −CN¥122.6m | CN¥121.1m | −CN¥34.6m | −CN¥151.1m | −CN¥77.2m |
| Dividends paid | −CN¥137.6m | −CN¥120.4m | −CN¥39.5m | −CN¥65.3m | −CN¥4.4m | −CN¥15.4m | −CN¥5.6m | −CN¥6.4m | −CN¥7.3m | −CN¥14.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.35bn | CN¥1.91bn | CN¥1.58bn | CN¥1.75bn | CN¥1.70bn | CN¥1.14bn | CN¥1.47bn | CN¥950.1m |
| Gross profit | CN¥473.2m | CN¥747.3m | CN¥489.0m | CN¥629.9m | CN¥447.2m | CN¥353.1m | CN¥500.3m | CN¥239.6m |
| Operating income | CN¥265.2m | CN¥531.9m | CN¥236.9m | CN¥410.5m | CN¥354.4m | CN¥277.6m | CN¥213.9m | CN¥110.8m |
| Net income | CN¥165.9m | CN¥434.6m | CN¥216.0m | CN¥340.8m | CN¥315.6m | CN¥231.0m | CN¥191.9m | CN¥108.1m |
| Diluted earnings per share | 0.26 | 0.68 | 0.34 | 0.54 | 0.50 | 0.36 | 0.30 | 0.17 |
| Cash from operations | — | — | −CN¥282.0m | CN¥1.27bn | CN¥515.0m | −CN¥277.0m | CN¥531.0m | CN¥304.0m |
| Capital spending | −CN¥873.0m | −CN¥834.0m | −CN¥905.0m | −CN¥495.0m | −CN¥385.0m | −CN¥411.0m | −CN¥520.0m | −CN¥152.0m |
| Free cash flow | — | — | −CN¥1.19bn | CN¥776.0m | CN¥130.0m | −CN¥688.0m | CN¥11.0m | CN¥152.0m |
| Total assets | CN¥21.71bn | CN¥13.84bn | CN¥14.49bn | CN¥14.23bn | CN¥13.45bn | CN¥12.75bn | CN¥11.56bn | CN¥11.56bn |
| Cash and short-term investments | — | — | CN¥3.51bn | CN¥4.18bn | CN¥3.35bn | CN¥3.20bn | CN¥2.92bn | CN¥2.52bn |
| Debt | CN¥1.98bn | CN¥1.10bn | CN¥1.57bn | CN¥1.53bn | CN¥1.21bn | CN¥1.34bn | CN¥299.0m | — |
| Shareholders' equity | CN¥14.44bn | CN¥8.71bn | CN¥8.28bn | CN¥8.05bn | CN¥7.77bn | CN¥7.50bn | CN¥7.27bn | CN¥7.08bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.1% | 29.8% | 23.1% | 16.7% | 23.0% | 25.2% |
| Operating margin | 20.5% | 13.4% | 11.0% | 10.7% | 15.5% | 16.5% |
| Net margin | 17.9% | 12.5% | 9.8% | 8.8% | 13.0% | 14.0% |
| Return on equity | 13.3% | 6.5% | 6.1% | 6.9% | 19.3% | 19.3% |
| Return on assets | 7.6% | 4.1% | 4.2% | 4.0% | 8.7% | 10.0% |
| Free cash flow yield | 13.6% | 7.6% | 4.9% | 3.5% | 1.1% | 0.7% |
| Revenue growth | 63.3% | -12.6% | -15.3% | 15.2% | 33.3% | 97.1% |
| Earnings growth | 132.8% | 11.5% | -5.6% | -22.0% | 24.2% | 164.8% |
| Current ratio | 1.94x | 2.19x | 2.49x | 2.54x | 1.74x | 1.77x |
| Debt to equity | 0.19x | 0.04x | 0.00x | 0.13x | 0.07x | 0.44x |
| Equity ratio | 57.1% | 62.9% | 67.6% | 57.8% | 45.1% | 51.7% |
| Interest coverage | 39.23x | 29.99x | 14.84x | 15.68x | 30.36x | 140.45x |
| R&D as a share of sales | 4.7% | 4.8% | 5.9% | 4.2% | 4.1% | 4.1% |
| Buybacks as a share of market value | 0.4% | -2.1% | -7.7% | -4.9% | -1.2% | 1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.5% | 13.2% | 22.7% |
| Operating income | 32.3% | 18.1% | 30.0% |
| Net income | 34.8% | 18.9% | 28.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.6% | 25.3% | 24.9% | 24.3% |
| Operating margin | 17.8% | 14.4% | 14.8% | 13.9% |
| Net margin | 15.8% | 12.7% | 12.9% | 12.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.9 | 27.6 | 39.2 | 53.4 | 37.2 | 10.7 | 17.2 | 30.1 | 56.9 | 73.9 |
| Price to sales | 5.3 | 3.5 | 3.9 | 4.7 | 4.8 | 1.5 | 1.8 | 1.9 | 2.3 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 28 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.166 | 0.182 | 0.028 | 0.022 | 0.008 | 0.026 | 0.01 | 0.01 |
- 3-for-2 split · 8 Apr 2015
- 2-for-1 split · 17 Apr 2013
- 3-for-2 split · 16 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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