L 
6.76
+3.84%
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¥3.85bn
FY2016FY2025
Net income
CN¥184.8m
FY2016FY2025
Free cash flow
−CN¥135.2m
FY2016FY2025
Shareholders' equity
CN¥2.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.85bn | CN¥3.54bn | CN¥2.81bn | CN¥2.87bn | CN¥3.14bn | CN¥2.41bn | CN¥1.14bn | CN¥867.2m | CN¥1.22bn | CN¥1.16bn |
| Gross profit | CN¥637.5m | CN¥430.5m | CN¥256.9m | CN¥461.3m | CN¥502.4m | CN¥283.0m | CN¥43.4m | CN¥143.8m | CN¥302.5m | CN¥275.8m |
| Research and development | CN¥177.6m | CN¥144.3m | CN¥130.3m | CN¥131.2m | CN¥125.9m | CN¥122.6m | CN¥73.1m | CN¥28.1m | CN¥23.5m | CN¥22.5m |
| Operating income | CN¥317.3m | CN¥137.8m | −CN¥387.2m | CN¥228.3m | CN¥263.1m | −CN¥23.3m | −CN¥202.5m | CN¥10.8m | CN¥144.8m | CN¥137.6m |
| Net income | CN¥184.8m | CN¥124.3m | −CN¥365.1m | CN¥184.7m | CN¥210.0m | CN¥5.2m | −CN¥149.2m | CN¥2.8m | CN¥125.6m | CN¥128.6m |
| Diluted earnings per share | 0.28 | 0.19 | -0.52 | 0.32 | 0.34 | 0.01 | -0.35 | 0.01 | 0.26 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.00bn | CN¥5.48bn | CN¥5.08bn | CN¥4.74bn | CN¥4.37bn | CN¥3.94bn | CN¥3.48bn | CN¥2.50bn | CN¥2.44bn | CN¥2.20bn |
| Cash and short-term investments | — | CN¥710.2m | CN¥675.4m | CN¥652.7m | CN¥506.8m | CN¥453.5m | CN¥286.7m | CN¥320.8m | CN¥369.6m | CN¥363.7m |
| Total liabilities | CN¥3.35bn | CN¥2.99bn | CN¥2.68bn | CN¥2.45bn | CN¥2.29bn | CN¥2.11bn | CN¥1.96bn | CN¥1.26bn | CN¥1.21bn | CN¥1.13bn |
| Debt | CN¥525.1m | CN¥774.1m | CN¥756.4m | CN¥825.1m | CN¥478.3m | CN¥391.7m | CN¥283.0m | CN¥223.0m | CN¥233.0m | CN¥233.0m |
| Shareholders' equity | CN¥2.64bn | CN¥2.47bn | CN¥2.37bn | CN¥2.22bn | CN¥2.04bn | CN¥1.83bn | CN¥1.52bn | CN¥1.24bn | CN¥1.23bn | CN¥1.07bn |
| Shares outstanding | 652m | 654m | 703m | 575m | 621m | 639m | 432m | 421m | 481m | 438m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥279.9m | CN¥260.2m | CN¥158.1m | CN¥475.1m | CN¥93.2m | CN¥71.4m | CN¥79.2m | CN¥294.0m | CN¥103.1m | −CN¥74.6m |
| Capital spending | −CN¥415.1m | −CN¥408.9m | −CN¥557.6m | −CN¥454.9m | −CN¥86.9m | −CN¥112.2m | −CN¥240.2m | −CN¥261.1m | −CN¥178.0m | −CN¥227.5m |
| Free cash flow | −CN¥135.2m | −CN¥148.8m | −CN¥399.5m | CN¥20.3m | CN¥6.2m | −CN¥40.8m | −CN¥161.0m | CN¥32.9m | −CN¥74.9m | −CN¥302.1m |
| Dividends paid | −CN¥62.2m | −CN¥26.4m | −CN¥56.8m | −CN¥54.3m | −CN¥28.3m | −CN¥18.1m | −CN¥14.6m | −CN¥34.7m | −CN¥35.1m | −CN¥63.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥900.5m | CN¥736.2m | CN¥1.06bn | CN¥1.04bn | CN¥937.5m | CN¥813.1m | CN¥920.9m | CN¥998.7m |
| Gross profit | CN¥72.6m | CN¥103.0m | CN¥171.2m | CN¥203.8m | CN¥137.4m | CN¥125.0m | CN¥81.5m | CN¥165.8m |
| Operating income | CN¥3.0m | CN¥31.7m | CN¥67.3m | CN¥63.3m | CN¥69.2m | CN¥56.2m | CN¥29.2m | CN¥39.6m |
| Net income | −CN¥26.3m | CN¥19.1m | CN¥14.3m | CN¥61.3m | CN¥57.1m | CN¥52.2m | CN¥20.7m | CN¥36.0m |
| Diluted earnings per share | -0.04 | 0.03 | 0.02 | 0.09 | 0.09 | 0.08 | 0.03 | 0.06 |
| Cash from operations | — | — | — | −CN¥17.0m | CN¥52.0m | −CN¥7.0m | CN¥122.0m | CN¥140.0m |
| Capital spending | −CN¥37.0m | −CN¥95.0m | −CN¥138.0m | −CN¥74.0m | −CN¥101.0m | −CN¥100.0m | −CN¥139.0m | −CN¥63.0m |
| Free cash flow | — | — | — | −CN¥91.0m | −CN¥49.0m | −CN¥107.0m | −CN¥17.0m | CN¥77.0m |
| Total assets | CN¥5.90bn | CN¥5.91bn | CN¥6.00bn | CN¥5.96bn | CN¥5.70bn | CN¥5.53bn | CN¥5.48bn | CN¥5.37bn |
| Cash and short-term investments | — | — | — | CN¥535.3m | CN¥634.6m | CN¥708.5m | CN¥710.2m | CN¥540.2m |
| Debt | CN¥413.9m | CN¥537.0m | CN¥525.1m | CN¥1.32bn | CN¥913.2m | CN¥870.8m | CN¥761.8m | CN¥665.8m |
| Shareholders' equity | CN¥2.60bn | CN¥2.66bn | CN¥2.64bn | CN¥2.63bn | CN¥2.57bn | CN¥2.52bn | CN¥2.47bn | CN¥2.48bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.9% | 12.2% | 9.2% | 16.1% | 16.0% | 11.7% |
| Operating margin | 5.8% | 4.5% | -12.8% | 8.9% | 9.2% | -0.2% |
| Net margin | 4.8% | 3.5% | -13.0% | 6.4% | 6.7% | 0.2% |
| Return on equity | 7.0% | 5.0% | -15.4% | 8.3% | 10.3% | 0.3% |
| Return on assets | 3.1% | 2.3% | -7.2% | 3.9% | 4.8% | 0.1% |
| Free cash flow yield | 16.1% | 15.4% | 15.4% | 24.4% | 4.4% | 4.3% |
| Revenue growth | 9.0% | 25.9% | -2.3% | -8.5% | 30.3% | 112.0% |
| Earnings growth | 48.7% | -134.0% | -297.6% | -12.1% | 3944.4% | -103.5% |
| Current ratio | 1.33x | 1.34x | 1.45x | 1.41x | 1.53x | 1.37x |
| Debt to equity | 0.20x | 0.31x | 0.31x | 0.33x | 0.24x | 0.21x |
| Equity ratio | 44.1% | 45.0% | 46.8% | 46.8% | 46.7% | 46.4% |
| Interest coverage | 7.56x | 6.24x | -14.28x | 7.87x | 10.01x | -0.25x |
| R&D as a share of sales | 4.6% | 4.1% | 4.6% | 4.6% | 4.0% | 5.1% |
| Buybacks as a share of market value | 0.3% | 6.9% | -22.2% | 7.4% | 2.8% | -47.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 9.8% | 17.3% |
| Operating income | 11.6% | — | 17.4% |
| Net income | 0.0% | 104.3% | 9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.5% | 13.7% | 13.8% | 14.7% |
| Operating margin | 6.2% | 2.3% | 2.9% | 2.9% |
| Net margin | 4.2% | 1.0% | 1.8% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.2 | 45.3 | -12.9 | 28.0 | 24.8 | — | -14.9 | — | 33.2 | 47.7 |
| Price to sales | 2.3 | 1.6 | 1.7 | 1.8 | 1.7 | 1.5 | 1.9 | 3.0 | 3.4 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 15 Jun 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.125 |
- 2-for-1 split · 12 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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