T 
7.57
-0.79%
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¥5.39bn
FY2016FY2025
Net income
−CN¥235.5m
FY2016FY2025
Free cash flow
−CN¥1.83bn
FY2016FY2025
Shareholders' equity
CN¥8.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.39bn | CN¥4.86bn | CN¥7.73bn | CN¥6.74bn | CN¥8.17bn | CN¥8.05bn | CN¥5.97bn | CN¥3.71bn | CN¥3.18bn | CN¥2.27bn |
| Research and development | CN¥50.3m | CN¥42.9m | CN¥53.0m | CN¥36.5m | CN¥350.4m | CN¥372.8m | CN¥237.5m | CN¥135.5m | CN¥133.7m | CN¥115.7m |
| Operating income | CN¥533.5m | CN¥171.6m | CN¥891.0m | CN¥923.5m | CN¥1.50bn | CN¥1.44bn | CN¥974.7m | CN¥529.2m | CN¥535.9m | CN¥431.3m |
| Net income | −CN¥235.5m | CN¥204.4m | CN¥795.2m | CN¥628.5m | CN¥1.31bn | CN¥1.05bn | CN¥746.5m | CN¥469.6m | CN¥469.5m | CN¥406.5m |
| Diluted earnings per share | -0.13 | 0.11 | 0.44 | 0.35 | 0.73 | 0.60 | 0.42 | 0.28 | 0.28 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥27.08bn | CN¥25.10bn | CN¥24.31bn | CN¥19.88bn | CN¥15.70bn | CN¥14.84bn | CN¥13.07bn | CN¥12.77bn | CN¥10.06bn | CN¥7.94bn |
| Cash and short-term investments | — | CN¥1.10bn | CN¥827.7m | CN¥1.18bn | CN¥738.5m | CN¥710.5m | CN¥1.26bn | CN¥1.83bn | CN¥1.02bn | CN¥2.57bn |
| Total liabilities | CN¥17.28bn | CN¥15.08bn | CN¥15.38bn | CN¥11.57bn | CN¥7.85bn | CN¥7.95bn | CN¥7.12bn | CN¥7.43bn | CN¥5.10bn | CN¥3.28bn |
| Debt | CN¥7.63bn | CN¥8.67bn | CN¥8.41bn | CN¥6.68bn | CN¥4.41bn | CN¥4.92bn | CN¥3.56bn | CN¥4.05bn | CN¥2.18bn | CN¥827.1m |
| Shareholders' equity | CN¥8.66bn | CN¥8.92bn | CN¥8.89bn | CN¥8.25bn | CN¥7.78bn | CN¥6.68bn | CN¥5.81bn | CN¥5.22bn | CN¥4.85bn | CN¥4.59bn |
| Shares outstanding | 1,797m | 1,859m | 1,797m | 1,792m | 1,797m | 1,762m | 1,765m | 1,660m | 1,662m | 1,477m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥837.4m | CN¥598.8m | CN¥1.83bn | CN¥753.7m | CN¥776.0m | CN¥237.7m | CN¥848.5m | CN¥619.9m | −CN¥130.0m | CN¥552.1m |
| Capital spending | −CN¥2.67bn | −CN¥877.5m | −CN¥1.02bn | −CN¥1.59bn | −CN¥958.9m | −CN¥1.14bn | −CN¥871.7m | −CN¥948.6m | −CN¥2.77bn | −CN¥405.7m |
| Free cash flow | −CN¥1.83bn | −CN¥278.7m | CN¥813.5m | −CN¥838.1m | −CN¥182.9m | −CN¥902.7m | −CN¥23.1m | −CN¥328.7m | −CN¥2.90bn | CN¥146.4m |
| Dividends paid | −CN¥365.2m | −CN¥492.2m | −CN¥349.2m | −CN¥143.8m | −CN¥502.9m | −CN¥437.5m | −CN¥368.2m | −CN¥138.1m | −CN¥312.8m | −CN¥138.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.36bn | CN¥657.5m | CN¥1.67bn | CN¥1.53bn | CN¥1.26bn | CN¥926.2m | CN¥1.30bn | CN¥1.30bn |
| Operating income | CN¥77.4m | CN¥104.5m | CN¥86.8m | CN¥10.0m | CN¥42.7m | CN¥66.8m | −CN¥50.5m | CN¥76.0m |
| Net income | CN¥74.6m | CN¥41.4m | −CN¥305.2m | CN¥15.9m | CN¥18.2m | CN¥35.6m | −CN¥87.2m | CN¥75.7m |
| Diluted earnings per share | 0.04 | 0.02 | -0.17 | 0.01 | 0.01 | 0.02 | -0.05 | 0.04 |
| Cash from operations | — | — | — | CN¥177.0m | CN¥136.0m | CN¥76.0m | −CN¥32.0m | CN¥108.0m |
| Capital spending | −CN¥431.0m | −CN¥888.0m | −CN¥860.0m | −CN¥673.0m | −CN¥692.0m | −CN¥440.0m | −CN¥219.0m | −CN¥193.0m |
| Free cash flow | — | — | — | −CN¥496.0m | −CN¥556.0m | −CN¥364.0m | −CN¥251.0m | −CN¥85.0m |
| Total assets | CN¥28.41bn | CN¥27.87bn | CN¥27.08bn | CN¥26.36bn | CN¥25.72bn | CN¥25.75bn | CN¥25.10bn | CN¥25.41bn |
| Cash and short-term investments | — | — | — | CN¥600.3m | CN¥568.7m | CN¥1.15bn | CN¥1.10bn | CN¥677.1m |
| Debt | CN¥9.05bn | CN¥8.87bn | CN¥7.63bn | CN¥4.62bn | CN¥9.19bn | CN¥9.28bn | CN¥8.61bn | CN¥9.12bn |
| Shareholders' equity | CN¥8.80bn | CN¥8.67bn | CN¥8.66bn | CN¥8.98bn | CN¥8.98bn | CN¥8.96bn | CN¥8.92bn | CN¥9.04bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 9.9% | 3.5% | 11.5% | 13.7% | 18.3% | 17.8% |
| Net margin | -4.4% | 4.2% | 10.3% | 9.3% | 16.0% | 13.0% |
| Return on equity | -2.7% | 2.3% | 8.9% | 7.6% | 16.8% | 15.7% |
| Return on assets | -0.9% | 0.8% | 3.3% | 3.2% | 8.3% | 7.1% |
| Free cash flow yield | 25.5% | 10.4% | 20.7% | 17.1% | 12.6% | 10.2% |
| Revenue growth | 10.8% | -37.1% | 14.7% | -17.5% | 1.4% | 34.9% |
| Earnings growth | -215.2% | -74.3% | 26.5% | -52.0% | 24.8% | 40.6% |
| Current ratio | 1.03x | 1.21x | 1.20x | 1.21x | 1.49x | 1.22x |
| Debt to equity | 0.88x | 0.97x | 0.94x | 0.80x | 0.55x | 0.69x |
| Equity ratio | 32.0% | 35.6% | 36.6% | 41.5% | 49.5% | 45.0% |
| Interest coverage | 1.67x | 0.44x | 2.48x | 3.35x | 6.06x | 5.68x |
| R&D as a share of sales | 0.9% | 0.9% | 0.7% | 0.5% | 4.3% | 4.6% |
| Buybacks as a share of market value | 3.3% | -3.4% | -0.3% | 0.3% | -2.0% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.2% | -7.7% | 9.6% |
| Operating income | -16.7% | -18.0% | 4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.9% | 10.2% | 13.3% | 14.2% |
| Net margin | -0.3% | 5.6% | 9.2% | 10.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -52.3 | 71.9 | 26.2 | 43.1 | 26.6 | 14.1 | 14.9 | 15.7 | 28.7 | 25.0 |
| Price to sales | 2.3 | 3.0 | 2.7 | 4.0 | 4.3 | 1.8 | 1.9 | 2.0 | 4.2 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 May 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.075 | 0.08 | 0.15 | 0.10 | 0.06 | 0.033 | 0.12 |
- 9-for-5 split · 15 Jun 2016
- 2-for-1 split · 26 May 2015
- 2-for-1 split · 20 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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