66.03
+0.12%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥4.48bn
FY2016FY2025
Net income
CN¥300.7m
FY2016FY2025
Free cash flow
−CN¥161.0m
FY2016FY2025
Shareholders' equity
CN¥3.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.48bn | CN¥4.05bn | CN¥3.57bn | CN¥3.76bn | CN¥5.89bn | CN¥3.61bn | CN¥3.32bn | CN¥3.68bn | CN¥3.68bn | CN¥3.05bn |
| Gross profit | CN¥635.5m | CN¥291.3m | CN¥300.8m | CN¥432.7m | CN¥1.33bn | CN¥649.8m | CN¥581.9m | CN¥668.4m | CN¥978.1m | CN¥701.7m |
| Research and development | CN¥181.7m | CN¥168.6m | CN¥161.4m | CN¥173.4m | CN¥243.9m | CN¥150.8m | CN¥142.0m | CN¥161.0m | CN¥144.0m | CN¥101.2m |
| Operating income | CN¥263.9m | CN¥11.1m | −CN¥70.5m | CN¥110.0m | CN¥789.5m | CN¥228.3m | CN¥173.8m | CN¥333.9m | CN¥620.6m | CN¥391.7m |
| Net income | CN¥300.7m | CN¥37.1m | −CN¥78.8m | CN¥87.1m | CN¥690.2m | CN¥180.3m | CN¥156.1m | CN¥293.0m | CN¥537.3m | CN¥341.1m |
| Diluted earnings per share | 0.41 | 0.05 | -0.14 | 0.14 | 0.96 | 0.20 | 0.23 | 0.38 | 0.74 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.61bn | CN¥6.36bn | CN¥6.15bn | CN¥6.24bn | CN¥6.87bn | CN¥5.33bn | CN¥4.75bn | CN¥4.17bn | CN¥4.09bn | CN¥3.18bn |
| Cash and short-term investments | — | CN¥914.8m | CN¥1.13bn | CN¥1.21bn | CN¥1.88bn | CN¥1.35bn | CN¥1.74bn | CN¥1.59bn | CN¥1.35bn | CN¥743.0m |
| Total liabilities | CN¥2.96bn | CN¥2.87bn | CN¥2.60bn | CN¥2.55bn | CN¥3.20bn | CN¥2.42bn | CN¥2.02bn | CN¥1.62bn | CN¥1.87bn | CN¥1.45bn |
| Debt | — | CN¥2.9m | CN¥3.7m | CN¥5.6m | CN¥5.5m | CN¥74.0m | CN¥121.1m | CN¥59.0m | CN¥46.1m | CN¥12.3m |
| Shareholders' equity | CN¥3.61bn | CN¥3.38bn | CN¥3.38bn | CN¥3.52bn | CN¥3.49bn | CN¥2.85bn | CN¥2.67bn | CN¥2.51bn | CN¥2.22bn | CN¥1.73bn |
| Shares outstanding | 728m | 728m | 553m | 606m | 722m | 887m | 679m | 770m | 728m | 728m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥15.9m | −CN¥15.9m | CN¥270.8m | CN¥455.7m | CN¥742.1m | CN¥432.4m | CN¥534.6m | CN¥441.6m | CN¥667.4m | CN¥541.1m |
| Capital spending | −CN¥145.1m | −CN¥130.2m | −CN¥139.5m | −CN¥565.7m | −CN¥332.7m | −CN¥101.7m | −CN¥50.3m | −CN¥73.7m | −CN¥17.5m | −CN¥213.4m |
| Free cash flow | −CN¥161.0m | −CN¥146.1m | CN¥131.3m | −CN¥109.9m | CN¥409.5m | CN¥330.7m | CN¥484.3m | CN¥367.9m | CN¥649.9m | CN¥327.7m |
| Dividends paid | −CN¥61.9m | −CN¥43.7m | −CN¥63.9m | −CN¥61.9m | −CN¥43.7m | −CN¥6.2m | −CN¥3.6m | −CN¥499,535 | −CN¥47.6m | −CN¥70,891 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.14bn | CN¥1.26bn | CN¥1.23bn | CN¥1.20bn | CN¥1.09bn | CN¥959.0m | CN¥1.10bn | CN¥976.1m |
| Gross profit | CN¥793.1m | CN¥333.1m | CN¥241.9m | CN¥161.8m | CN¥128.1m | CN¥103.3m | CN¥68.7m | CN¥35.3m |
| Operating income | CN¥638.0m | CN¥234.0m | CN¥141.6m | CN¥135.8m | −CN¥16.1m | CN¥24.2m | −CN¥89.7m | CN¥28.6m |
| Net income | CN¥564.0m | CN¥201.8m | CN¥127.8m | CN¥102.5m | CN¥47.1m | CN¥23.4m | −CN¥62.4m | CN¥29.5m |
| Diluted earnings per share | 0.77 | 0.28 | 0.18 | 0.14 | 0.06 | 0.03 | -0.09 | 0.04 |
| Cash from operations | — | — | — | −CN¥95.0m | CN¥50.0m | −CN¥94.0m | −CN¥5.0m | CN¥9.0m |
| Capital spending | −CN¥78.0m | −CN¥81.0m | −CN¥62.0m | −CN¥34.0m | −CN¥24.0m | −CN¥23.0m | −CN¥26.0m | −CN¥39.0m |
| Free cash flow | — | — | — | −CN¥129.0m | CN¥26.0m | −CN¥117.0m | −CN¥31.0m | −CN¥30.0m |
| Total assets | CN¥8.20bn | CN¥7.07bn | CN¥6.61bn | CN¥6.29bn | CN¥6.09bn | CN¥6.26bn | CN¥6.36bn | CN¥6.10bn |
| Cash and short-term investments | — | — | — | CN¥857.5m | CN¥887.4m | CN¥775.2m | CN¥914.8m | CN¥820.4m |
| Debt | — | — | — | CN¥1.69bn | CN¥1.67bn | CN¥1.69bn | CN¥1.75bn | CN¥1.54bn |
| Shareholders' equity | CN¥4.29bn | CN¥3.81bn | CN¥3.61bn | CN¥3.48bn | CN¥3.38bn | CN¥3.40bn | CN¥3.38bn | CN¥3.44bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 14.2% | 7.2% | 8.4% | 11.5% | 22.6% | 18.0% | — | — | — | — |
| Operating margin | 5.9% | 0.3% | -2.0% | 2.9% | 13.4% | 6.3% | — | — | — | — |
| Net margin | 6.7% | 0.9% | -2.2% | 2.3% | 11.7% | 5.0% | — | — | — | — |
| Return on equity | 8.3% | 1.1% | -2.3% | 2.5% | 19.8% | 6.3% | — | — | — | — |
| Return on assets | 4.5% | 0.6% | -1.3% | 1.4% | 10.1% | 3.4% | — | — | — | — |
| Free cash flow yield | 0.2% | 0.2% | 0.9% | 2.1% | 1.9% | 0.8% | — | — | — | — |
| Revenue growth | 10.7% | 13.4% | -5.0% | -36.2% | 63.3% | 8.6% | — | — | — | — |
| Earnings growth | 711.5% | -147.0% | -190.5% | -87.4% | 282.7% | 15.5% | — | — | — | — |
| Current ratio | 1.40x | 1.17x | 1.25x | 1.53x | 1.56x | 1.47x | — | — | — | — |
| Debt to equity | — | — | — | — | 0.62x | 0.02x | 0.05x | 0.02x | 0.01x | 0.01x |
| Equity ratio | 54.7% | 53.0% | 54.9% | 56.4% | 50.9% | 53.4% | — | — | — | — |
| Interest coverage | 272.48x | 3.01x | -14.17x | 13.79x | 126.09x | 29.06x | — | — | — | — |
| R&D as a share of sales | 4.1% | 4.2% | 4.5% | 4.6% | 4.1% | 4.2% | — | — | — | — |
| Buybacks as a share of market value | 0.1% | -31.7% | 8.7% | 16.1% | 18.6% | -30.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.0% | 4.4% | 5.8% |
| Operating income | 33.9% | 2.9% | 16.6% |
| Net income | 51.1% | 10.8% | 18.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.9% | 10.5% | 14.4% | 16.5% |
| Operating margin | 3.2% | 2.0% | 5.3% | 7.0% |
| Net margin | 4.0% | 2.2% | 4.8% | 6.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 40.5 | 152.1 | -62.5 | 54.2 | 15.8 | 45.4 | 37.3 | 18.7 | 21.4 | 34.9 |
| Price to sales | 2.7 | 1.4 | 1.4 | 1.3 | 1.8 | 2.3 | 1.8 | 1.5 | 3.1 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.125 | 0.085 | 0.06 | 0.085 | 0.085 | 0.06 | 0.065 | 0.023 |
- 13-for-5 split · 22 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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