M 
10.73
+1.71%
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¥17.44bn
FY2016FY2025
Net income
−CN¥1.48bn
FY2016FY2025
Free cash flow
CN¥412.3m
FY2016FY2025
Shareholders' equity
CN¥11.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.44bn | CN¥16.91bn | CN¥17.54bn | CN¥16.52bn | CN¥18.61bn | CN¥17.38bn | CN¥18.97bn | CN¥17.95bn | CN¥8.17bn | CN¥5.52bn |
| Gross profit | CN¥4.53bn | CN¥4.60bn | CN¥5.00bn | CN¥4.28bn | CN¥6.04bn | CN¥4.67bn | CN¥5.52bn | CN¥4.52bn | CN¥1.71bn | CN¥1.34bn |
| Research and development | CN¥422.0m | CN¥391.6m | CN¥381.4m | CN¥297.2m | CN¥550.1m | CN¥453.3m | CN¥481.0m | CN¥692.1m | CN¥305.8m | CN¥216.3m |
| Operating income | CN¥394.1m | CN¥603.8m | CN¥926.7m | CN¥455.7m | CN¥1.57bn | CN¥1.42bn | CN¥1.52bn | CN¥1.44bn | CN¥816.2m | CN¥626.6m |
| Net income | −CN¥1.48bn | CN¥373.8m | CN¥429.9m | CN¥193.9m | CN¥1.16bn | CN¥301.7m | CN¥491.7m | CN¥720.4m | CN¥668.5m | CN¥473.5m |
| Diluted earnings per share | -1.05 | 0.27 | 0.28 | 0.12 | 0.78 | 0.19 | 0.37 | 0.57 | 0.63 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥22.90bn | CN¥23.45bn | CN¥24.36bn | CN¥24.92bn | CN¥28.77bn | CN¥30.78bn | CN¥34.80bn | CN¥32.04bn | CN¥18.90bn | CN¥13.92bn |
| Cash and short-term investments | — | CN¥4.10bn | CN¥4.68bn | CN¥3.96bn | CN¥5.56bn | CN¥6.43bn | CN¥9.15bn | CN¥6.51bn | CN¥3.25bn | CN¥3.88bn |
| Total liabilities | CN¥11.22bn | CN¥10.65bn | CN¥10.57bn | CN¥11.45bn | CN¥15.47bn | CN¥18.25bn | CN¥24.40bn | CN¥22.42bn | CN¥12.97bn | CN¥8.55bn |
| Debt | CN¥2.4m | CN¥651.8m | CN¥378.2m | CN¥3.19bn | CN¥5.27bn | CN¥8.96bn | CN¥12.03bn | CN¥8.54bn | CN¥3.56bn | CN¥2.33bn |
| Shareholders' equity | CN¥11.56bn | CN¥12.69bn | CN¥13.66bn | CN¥13.41bn | CN¥13.24bn | CN¥12.47bn | CN¥10.34bn | CN¥9.56bn | CN¥5.88bn | CN¥5.25bn |
| Shares outstanding | 1,411m | 1,401m | 1,552m | 1,584m | 1,483m | 1,585m | 1,347m | 1,266m | 1,066m | 1,048m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥936.8m | CN¥1.86bn | CN¥1.98bn | CN¥163.8m | CN¥4.01bn | CN¥1.47bn | CN¥773.3m | CN¥295.1m | CN¥1.09bn | CN¥508.4m |
| Capital spending | −CN¥524.5m | −CN¥1.08bn | −CN¥562.1m | −CN¥519.2m | −CN¥883.2m | −CN¥1.70bn | −CN¥1.08bn | −CN¥1.98bn | −CN¥2.16bn | −CN¥1.62bn |
| Free cash flow | CN¥412.3m | CN¥781.0m | CN¥1.42bn | −CN¥355.4m | CN¥3.13bn | −CN¥229.5m | −CN¥302.0m | −CN¥1.69bn | −CN¥1.07bn | −CN¥1.12bn |
| Dividends paid | −CN¥128.2m | −CN¥1.09bn | −CN¥148.4m | −CN¥204.8m | −CN¥187.0m | −CN¥191.6m | −CN¥166.0m | −CN¥540.9m | −CN¥254.5m | −CN¥134.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.07bn | CN¥4.72bn | CN¥5.26bn | CN¥4.26bn | CN¥4.03bn | CN¥3.89bn | CN¥4.72bn | CN¥4.01bn |
| Gross profit | CN¥1.45bn | CN¥1.27bn | CN¥1.16bn | CN¥1.17bn | CN¥1.06bn | CN¥1.15bn | CN¥1.19bn | CN¥1.13bn |
| Operating income | CN¥324.7m | CN¥122.0m | CN¥53.7m | CN¥101.9m | CN¥24.3m | CN¥188.3m | CN¥154.5m | CN¥102.1m |
| Net income | CN¥242.8m | CN¥418.7m | −CN¥1.69bn | CN¥55.6m | CN¥10.8m | CN¥142.8m | CN¥10.8m | CN¥100.6m |
| Diluted earnings per share | 0.17 | 0.30 | -1.20 | 0.04 | 0.01 | 0.10 | 0.01 | 0.07 |
| Cash from operations | — | — | — | CN¥127.0m | CN¥106.0m | CN¥262.0m | — | CN¥275.0m |
| Capital spending | −CN¥307.0m | −CN¥319.0m | −CN¥49.0m | −CN¥410.0m | −CN¥183.0m | −CN¥247.0m | −CN¥121.0m | −CN¥356.0m |
| Free cash flow | — | — | — | −CN¥283.0m | −CN¥77.0m | CN¥15.0m | — | −CN¥81.0m |
| Total assets | CN¥25.27bn | CN¥24.64bn | CN¥22.90bn | CN¥24.62bn | CN¥24.13bn | CN¥23.54bn | CN¥23.45bn | CN¥23.98bn |
| Cash and short-term investments | — | — | — | CN¥4.11bn | CN¥4.51bn | CN¥4.00bn | CN¥4.10bn | CN¥4.35bn |
| Debt | CN¥34.8m | CN¥65.8m | CN¥2.4m | CN¥3.50bn | CN¥290.7m | CN¥270.4m | CN¥259.0m | CN¥12.9m |
| Shareholders' equity | CN¥12.05bn | CN¥11.86bn | CN¥11.56bn | CN¥13.31bn | CN¥13.37bn | CN¥13.06bn | CN¥12.69bn | CN¥12.87bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.0% | 27.2% | 28.5% | 25.9% | 32.4% | 26.9% |
| Operating margin | 2.3% | 3.6% | 5.3% | 2.8% | 8.4% | 8.2% |
| Net margin | -8.5% | 2.2% | 2.5% | 1.2% | 6.2% | 1.7% |
| Return on equity | -12.8% | 2.9% | 3.1% | 1.4% | 8.8% | 2.4% |
| Return on assets | -6.4% | 1.6% | 1.8% | 0.8% | 4.0% | 1.0% |
| Free cash flow yield | 9.0% | 18.2% | 14.2% | 3.7% | 28.5% | 17.3% |
| Revenue growth | 3.1% | -3.6% | 6.2% | -11.3% | 7.1% | -8.4% |
| Earnings growth | -495.2% | -13.1% | 121.7% | -83.3% | 284.1% | -38.6% |
| Current ratio | 1.39x | 1.39x | 1.49x | 1.41x | 1.26x | 1.09x |
| Debt to equity | 0.00x | 0.02x | 0.05x | 0.15x | 0.31x | 0.62x |
| Equity ratio | 50.5% | 54.1% | 56.1% | 53.8% | 46.0% | 40.5% |
| Interest coverage | 5.61x | 3.42x | 2.77x | 1.29x | 3.17x | 2.02x |
| R&D as a share of sales | 2.4% | 2.3% | 2.2% | 1.8% | 3.0% | 2.6% |
| Buybacks as a share of market value | -0.7% | 9.7% | 2.0% | -6.8% | 6.4% | -17.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.8% | 0.1% | 16.2% |
| Operating income | -4.7% | -22.7% | 3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.6% | 26.9% | 27.9% | 27.1% |
| Operating margin | 2.9% | 3.5% | 5.2% | 6.3% |
| Net margin | -3.2% | -0.7% | 0.9% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.2 | 32.7 | 31.3 | 66.3 | 19.4 | 76.7 | 37.3 | 19.9 | 36.3 | 40.4 |
| Price to sales | 0.8 | 0.7 | 0.8 | 0.8 | 1.2 | 1.3 | 1.0 | 0.8 | 3.0 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 16 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.698 | 0.10 | 0.138 | 0.126 | 0.15 | 0.13 | 0.199 |
- 2-for-1 split · 11 Apr 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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