Z 
4.49
+0.67%
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¥59.9m
FY2016FY2025
Free cash flow
−CN¥564.7m
FY2016FY2025
Shareholders' equity
CN¥2.83bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.39bn | CN¥4.90bn | CN¥4.41bn | CN¥4.22bn | CN¥3.96bn | CN¥3.11bn | CN¥2.95bn | CN¥2.88bn | CN¥2.58bn | CN¥2.29bn |
| Gross profit | CN¥678.4m | CN¥652.7m | CN¥531.6m | CN¥510.2m | CN¥502.5m | CN¥428.8m | CN¥441.1m | CN¥461.9m | CN¥423.6m | CN¥395.1m |
| Research and development | CN¥188.7m | CN¥186.2m | CN¥155.8m | CN¥167.9m | CN¥152.8m | CN¥87.0m | CN¥82.2m | CN¥86.5m | CN¥77.6m | CN¥77.4m |
| Operating income | — | CN¥74.9m | CN¥88.0m | CN¥64.8m | CN¥139.6m | CN¥84.2m | CN¥74.3m | CN¥61.9m | CN¥175.5m | CN¥150.1m |
| Net income | CN¥59.9m | CN¥67.0m | CN¥73.8m | CN¥112.9m | CN¥135.2m | CN¥64.7m | CN¥57.2m | CN¥64.7m | CN¥60.9m | CN¥73.1m |
| Diluted earnings per share | 0.10 | 0.12 | 0.14 | 0.25 | 0.29 | 0.16 | 0.16 | 0.16 | 0.12 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.09bn | CN¥8.15bn | CN¥7.35bn | CN¥6.45bn | CN¥5.72bn | CN¥5.36bn | CN¥4.46bn | CN¥4.09bn | CN¥3.81bn | CN¥2.90bn |
| Cash and short-term investments | — | CN¥617.3m | CN¥983.1m | CN¥744.7m | CN¥456.1m | CN¥619.3m | CN¥345.3m | CN¥372.5m | CN¥455.5m | CN¥304.3m |
| Total liabilities | CN¥6.25bn | CN¥5.39bn | CN¥4.66bn | CN¥4.36bn | CN¥3.77bn | CN¥3.48bn | CN¥3.41bn | CN¥3.12bn | CN¥2.89bn | CN¥2.30bn |
| Debt | CN¥1.08bn | CN¥3.35bn | CN¥3.30bn | CN¥2.91bn | CN¥2.53bn | CN¥2.32bn | CN¥2.33bn | CN¥2.13bn | CN¥2.05bn | CN¥1.36bn |
| Shareholders' equity | CN¥2.83bn | CN¥2.75bn | CN¥2.68bn | CN¥2.09bn | CN¥1.94bn | CN¥1.87bn | CN¥1.04bn | CN¥952.6m | CN¥908.1m | CN¥588.4m |
| Shares outstanding | 616m | 577m | 527m | 452m | 473m | 412m | 354m | 405m | 519m | 267m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥645.7m | CN¥403.0m | CN¥263.0m | CN¥406.0m | CN¥249.4m | CN¥234.4m | CN¥242.3m | CN¥358.5m | −CN¥180.4m | CN¥164.0m |
| Capital spending | −CN¥1.21bn | −CN¥1.04bn | −CN¥645.9m | −CN¥614.5m | −CN¥715.4m | −CN¥592.2m | −CN¥516.6m | −CN¥460.5m | −CN¥357.6m | −CN¥202.1m |
| Free cash flow | −CN¥564.7m | −CN¥634.9m | −CN¥382.9m | −CN¥208.5m | −CN¥466.0m | −CN¥357.7m | −CN¥274.3m | −CN¥102.0m | −CN¥538.1m | −CN¥38.1m |
| Dividends paid | −CN¥156.6m | −CN¥123.7m | −CN¥118.1m | −CN¥7.3m | −CN¥6.5m | −CN¥6.0m | −CN¥6.8m | −CN¥121.0m | −CN¥74.5m | −CN¥66.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.66bn | CN¥1.40bn | CN¥1.36bn | CN¥1.44bn | CN¥1.37bn | CN¥1.21bn | CN¥1.54bn | CN¥1.17bn |
| Gross profit | CN¥241.1m | CN¥174.2m | CN¥187.7m | CN¥154.7m | CN¥154.0m | CN¥182.0m | CN¥183.1m | CN¥177.3m |
| Operating income | CN¥124.7m | CN¥80.1m | CN¥77.5m | CN¥33.4m | CN¥49.4m | CN¥73.4m | CN¥24.6m | CN¥48.1m |
| Net income | CN¥20.2m | CN¥29.4m | −CN¥12.6m | CN¥27.2m | CN¥20.0m | CN¥25.4m | CN¥6.4m | CN¥16.9m |
| Diluted earnings per share | 0.03 | 0.05 | -0.02 | 0.04 | 0.03 | 0.04 | 0.01 | 0.03 |
| Cash from operations | — | — | — | CN¥112.0m | −CN¥129.0m | CN¥226.0m | — | −CN¥54.0m |
| Capital spending | −CN¥166.0m | −CN¥126.0m | −CN¥687.0m | −CN¥23.0m | −CN¥156.0m | −CN¥343.0m | −CN¥552.0m | −CN¥129.0m |
| Free cash flow | — | — | — | CN¥89.0m | −CN¥285.0m | −CN¥117.0m | — | −CN¥183.0m |
| Total assets | CN¥9.70bn | CN¥9.36bn | CN¥9.09bn | CN¥9.10bn | CN¥9.05bn | CN¥8.68bn | CN¥8.15bn | CN¥7.91bn |
| Cash and short-term investments | — | — | — | CN¥488.3m | CN¥669.6m | CN¥695.3m | CN¥617.3m | CN¥624.9m |
| Debt | CN¥947.2m | CN¥1.29bn | CN¥1.08bn | CN¥3.33bn | CN¥3.69bn | CN¥3.28bn | CN¥3.33bn | CN¥4.10bn |
| Shareholders' equity | CN¥2.83bn | CN¥2.82bn | CN¥2.83bn | CN¥2.84bn | CN¥2.81bn | CN¥2.78bn | CN¥2.75bn | CN¥2.76bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.4% | 13.3% | 12.1% | 12.1% | 12.7% | 13.8% |
| Operating margin | 4.8% | 4.7% | 5.1% | 6.4% | 7.2% | 7.2% |
| Net margin | 1.1% | 1.4% | 1.7% | 2.7% | 3.4% | 2.1% |
| Return on equity | 2.1% | 2.4% | 2.8% | 5.4% | 7.0% | 3.5% |
| Return on assets | 0.7% | 0.8% | 1.0% | 1.8% | 2.4% | 1.2% |
| Free cash flow yield | — | 14.9% | — | — | — | — |
| Revenue growth | 10.1% | 11.1% | 4.5% | 6.7% | 27.0% | 5.7% |
| Earnings growth | -10.5% | -9.2% | -34.6% | -16.5% | 108.8% | 13.3% |
| Current ratio | 0.78x | 0.84x | 0.99x | 0.82x | 0.78x | 0.84x |
| Debt to equity | 0.38x | 1.21x | 1.23x | 1.28x | 1.23x | 1.17x |
| Equity ratio | 31.2% | 33.8% | 36.5% | 32.4% | 33.9% | 34.9% |
| Interest coverage | 1.41x | 1.38x | 1.38x | 1.67x | 1.93x | 1.59x |
| R&D as a share of sales | 3.5% | 3.8% | 3.5% | 4.0% | 3.9% | 2.8% |
| Buybacks as a share of market value | -6.6% | -9.6% | -16.6% | 4.5% | -14.9% | -16.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 11.6% | 9.7% |
| Net income | -19.0% | -1.5% | 0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.9% | 12.5% | 12.7% | 13.9% |
| Net margin | 1.2% | 1.7% | 2.0% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 60.4 | 40.0 | 44.3 | 21.5 | 20.6 | 35.9 | 34.6 | 39.9 | 63.6 |
| Price to sales | 0.7 | 0.6 | 0.7 | 0.6 | 0.7 | 0.8 | 0.7 | 0.9 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 1 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.017 | 0.018 | 0.01 | 0.015 | 0.013 | 0.016 | 0.018 |
- 17-for-10 split · 27 Apr 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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