H 
11.22
-0.44%
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¥626.7m
FY2016FY2025
Net income
CN¥68.6m
FY2016FY2025
Free cash flow
−CN¥206.5m
FY2016FY2025
Shareholders' equity
CN¥2.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥626.7m | CN¥588.0m | CN¥571.2m | CN¥852.1m | CN¥667.5m | CN¥518.8m | CN¥514.5m | CN¥504.6m | CN¥428.3m | CN¥270.0m |
| Gross profit | CN¥211.0m | CN¥122.6m | CN¥125.7m | CN¥337.6m | CN¥278.8m | CN¥192.9m | CN¥239.8m | CN¥236.4m | CN¥188.8m | CN¥116.9m |
| Research and development | CN¥34.7m | CN¥33.5m | CN¥35.6m | CN¥43.7m | CN¥42.9m | CN¥32.6m | CN¥30.2m | CN¥23.7m | CN¥21.5m | CN¥16.0m |
| Operating income | CN¥80.3m | −CN¥60.0m | −CN¥27.8m | CN¥186.9m | CN¥136.4m | CN¥81.3m | CN¥103.0m | CN¥107.2m | CN¥65.8m | CN¥7.3m |
| Net income | CN¥68.6m | −CN¥48.6m | −CN¥25.6m | CN¥165.5m | CN¥138.8m | CN¥72.2m | CN¥89.2m | CN¥93.9m | CN¥51.9m | CN¥21.1m |
| Diluted earnings per share | 0.10 | -0.07 | -0.04 | 0.27 | 0.22 | 0.12 | 0.14 | 0.15 | 0.08 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.84bn | CN¥2.86bn | CN¥2.89bn | CN¥2.24bn | CN¥1.67bn | CN¥1.63bn | CN¥1.62bn | CN¥1.41bn | CN¥1.20bn | CN¥1.16bn |
| Cash and short-term investments | — | CN¥1.14bn | CN¥1.49bn | CN¥997.8m | CN¥600.5m | CN¥492.7m | CN¥267.4m | CN¥198.8m | CN¥212.1m | CN¥106.0m |
| Total liabilities | CN¥778.0m | CN¥867.2m | CN¥932.9m | CN¥998.7m | CN¥584.0m | CN¥646.2m | CN¥622.0m | CN¥445.6m | CN¥306.3m | CN¥257.3m |
| Debt | CN¥101.0m | CN¥518.8m | CN¥537.4m | CN¥747.5m | CN¥468.5m | CN¥526.7m | CN¥487.7m | CN¥329.0m | CN¥180.0m | CN¥115.0m |
| Shareholders' equity | CN¥2.06bn | CN¥1.99bn | CN¥1.95bn | CN¥1.23bn | CN¥1.09bn | CN¥978.3m | CN¥969.1m | CN¥940.6m | CN¥875.4m | CN¥879.6m |
| Shares outstanding | 695m | 695m | 695m | 624m | 624m | 624m | 624m | 624m | 623m | 626m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥155.0m | CN¥151.1m | CN¥204.3m | CN¥185.5m | CN¥254.0m | CN¥160.1m | CN¥114.9m | CN¥220.4m | CN¥152.0m | CN¥83.2m |
| Capital spending | −CN¥361.6m | −CN¥320.8m | −CN¥258.1m | −CN¥115.8m | −CN¥78.3m | −CN¥54.7m | −CN¥169.8m | −CN¥181.6m | −CN¥54.6m | −CN¥115.3m |
| Free cash flow | −CN¥206.5m | −CN¥169.6m | −CN¥53.8m | CN¥69.7m | CN¥175.7m | CN¥105.5m | −CN¥54.9m | CN¥38.8m | CN¥97.4m | −CN¥32.1m |
| Dividends paid | −CN¥12.0m | −CN¥21.5m | −CN¥21.9m | −CN¥31.2m | −CN¥31.2m | −CN¥62.4m | −CN¥62.4m | −CN¥43.3m | −CN¥62.8m | −CN¥7.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥161.9m | CN¥153.7m | CN¥141.4m | CN¥172.9m | CN¥147.7m | CN¥162.7m | CN¥159.4m | CN¥147.9m |
| Gross profit | CN¥50.5m | CN¥47.5m | CN¥37.5m | CN¥59.4m | CN¥52.4m | CN¥59.2m | CN¥9.2m | CN¥50.7m |
| Operating income | CN¥13.1m | CN¥13.3m | −CN¥6.4m | CN¥10.5m | CN¥24.7m | CN¥34.7m | −CN¥19.7m | CN¥23.3m |
| Net income | CN¥11.2m | CN¥10.7m | −CN¥6.8m | CN¥19.6m | CN¥24.1m | CN¥31.8m | −CN¥15.3m | CN¥22.7m |
| Diluted earnings per share | 0.02 | 0.02 | -0.01 | 0.03 | 0.03 | 0.05 | -0.02 | 0.03 |
| Cash from operations | — | — | — | CN¥70.0m | CN¥21.0m | CN¥36.0m | CN¥54.0m | CN¥33.0m |
| Capital spending | −CN¥98.0m | −CN¥97.0m | −CN¥72.0m | −CN¥92.0m | −CN¥129.0m | −CN¥67.0m | −CN¥83.0m | −CN¥135.0m |
| Free cash flow | — | — | — | −CN¥22.0m | −CN¥108.0m | −CN¥31.0m | −CN¥29.0m | −CN¥102.0m |
| Total assets | CN¥2.85bn | CN¥2.90bn | CN¥2.84bn | CN¥2.88bn | CN¥2.83bn | CN¥2.85bn | CN¥2.86bn | CN¥2.96bn |
| Cash and short-term investments | — | — | — | CN¥986.3m | CN¥977.9m | CN¥1.13bn | CN¥1.14bn | CN¥1.25bn |
| Debt | CN¥83.9m | CN¥96.0m | CN¥101.0m | CN¥536.4m | CN¥408.4m | CN¥549.7m | CN¥504.7m | CN¥626.3m |
| Shareholders' equity | CN¥2.05bn | CN¥2.07bn | CN¥2.06bn | CN¥2.07bn | CN¥2.05bn | CN¥2.02bn | CN¥1.99bn | CN¥2.01bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.0% | 20.8% | 22.0% | 39.6% | 41.8% | 37.2% |
| Operating margin | 12.8% | -10.2% | -4.9% | 21.5% | 21.6% | 15.7% |
| Net margin | 10.9% | -8.3% | -4.5% | 19.4% | 20.8% | 13.9% |
| Return on equity | 3.3% | -2.4% | -1.3% | 13.4% | 12.8% | 7.4% |
| Return on assets | 2.4% | -1.7% | -0.9% | 7.4% | 8.3% | 4.4% |
| Free cash flow yield | 6.0% | 5.5% | 5.4% | 3.9% | 4.3% | 2.8% |
| Revenue growth | 6.6% | 3.0% | -33.0% | 27.7% | 28.7% | 0.8% |
| Earnings growth | -241.2% | 89.6% | -115.5% | 19.2% | 92.3% | -19.1% |
| Current ratio | 1.84x | 1.94x | 2.26x | 1.44x | 1.59x | 1.45x |
| Debt to equity | 0.05x | 0.25x | 0.27x | 0.55x | 0.43x | 0.54x |
| Equity ratio | 72.6% | 69.6% | 67.6% | 55.2% | 65.0% | 60.2% |
| Interest coverage | 6.71x | -3.19x | -1.38x | 8.27x | 6.87x | 4.05x |
| R&D as a share of sales | 5.5% | 5.7% | 6.2% | 5.1% | 6.4% | 6.3% |
| Buybacks as a share of market value | -0.0% | 0.0% | -11.5% | -0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.7% | 3.9% | 15.2% |
| Operating income | -24.5% | -0.2% | — |
| Net income | -25.5% | -1.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.5% | 30.2% | 33.2% | 36.5% |
| Operating margin | 1.7% | 6.8% | 10.4% | 10.8% |
| Net margin | 1.6% | 6.1% | 9.7% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 215.2 | -87.8 | -265.5 | 56.9 | 76.7 | 68.0 | 43.0 | 36.0 | 78.5 | 274.0 |
| Price to sales | 23.6 | 7.3 | 11.9 | 11.1 | 15.9 | 9.5 | 7.5 | 6.7 | 9.5 | 21.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.10 | 0.10 | 0.05 | 0.091 | 0.035 | 0.023 |
- 11-for-10 split · 7 Jul 2017
- 7-for-5 split · 3 Jun 2015
- 3-for-2 split · 28 May 2014
- 3-for-2 split · 20 Mar 2013
- 3-for-2 split · 6 Apr 2012
- 3-for-2 split · 16 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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