M 
8.94
-0.89%
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¥3.92bn
FY2016FY2025
Net income
CN¥52.4m
FY2016FY2025
Free cash flow
CN¥511.0m
FY2016FY2025
Shareholders' equity
CN¥3.30bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.92bn | CN¥4.63bn | CN¥5.92bn | CN¥6.23bn | CN¥6.99bn | CN¥4.86bn | CN¥3.80bn | CN¥3.21bn | CN¥2.89bn | CN¥2.32bn |
| Gross profit | CN¥1.07bn | CN¥1.25bn | CN¥1.74bn | CN¥1.43bn | CN¥2.00bn | CN¥1.67bn | CN¥1.47bn | CN¥1.18bn | CN¥1.03bn | CN¥811.3m |
| Research and development | CN¥131.5m | CN¥166.3m | CN¥214.0m | CN¥235.0m | CN¥265.3m | CN¥185.8m | CN¥144.2m | CN¥119.1m | CN¥108.6m | CN¥77.3m |
| Operating income | CN¥280.1m | CN¥165.1m | CN¥343.7m | −CN¥447.0m | CN¥366.4m | CN¥653.1m | CN¥509.5m | CN¥417.8m | CN¥360.2m | CN¥249.1m |
| Net income | CN¥52.4m | CN¥125.0m | CN¥266.2m | −CN¥380.7m | CN¥314.8m | CN¥566.4m | CN¥432.7m | CN¥362.4m | CN¥301.7m | CN¥233.0m |
| Diluted earnings per share | 0.13 | 0.34 | 0.64 | -0.90 | 0.77 | 1.39 | 1.07 | 0.88 | 1.00 | 0.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.79bn | CN¥7.71bn | CN¥9.69bn | CN¥10.18bn | CN¥11.22bn | CN¥7.58bn | CN¥5.18bn | CN¥4.36bn | CN¥3.54bn | CN¥2.15bn |
| Cash and short-term investments | — | CN¥1.51bn | CN¥2.15bn | CN¥1.84bn | CN¥2.11bn | CN¥2.12bn | CN¥1.63bn | CN¥1.48bn | CN¥1.49bn | CN¥304.5m |
| Total liabilities | CN¥3.16bn | CN¥4.05bn | CN¥5.91bn | CN¥6.64bn | CN¥6.95bn | CN¥3.98bn | CN¥2.26bn | CN¥1.81bn | CN¥1.32bn | CN¥1.36bn |
| Debt | CN¥919.0m | CN¥1.49bn | CN¥2.42bn | CN¥3.01bn | CN¥2.79bn | CN¥1.10bn | CN¥158.7m | CN¥352.1m | CN¥166.7m | CN¥335.8m |
| Shareholders' equity | CN¥3.30bn | CN¥3.33bn | CN¥3.46bn | CN¥3.25bn | CN¥3.84bn | CN¥3.45bn | CN¥2.92bn | CN¥2.55bn | CN¥2.22bn | CN¥792.1m |
| Shares outstanding | 409m | 373m | 414m | 425m | 410m | 409m | 403m | 412m | 302m | 302m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥586.1m | CN¥806.6m | CN¥934.1m | CN¥602.0m | −CN¥84.0m | CN¥575.9m | CN¥920.9m | CN¥275.4m | CN¥370.2m | CN¥228.8m |
| Capital spending | −CN¥75.2m | −CN¥138.6m | −CN¥329.9m | −CN¥646.3m | −CN¥1.08bn | −CN¥1.20bn | −CN¥732.0m | −CN¥201.9m | −CN¥198.4m | −CN¥99.8m |
| Free cash flow | CN¥511.0m | CN¥668.0m | CN¥604.1m | −CN¥44.3m | −CN¥1.16bn | −CN¥628.2m | CN¥188.9m | CN¥73.5m | CN¥171.8m | CN¥129.0m |
| Dividends paid | −CN¥127.0m | −CN¥187.8m | −CN¥137.3m | −CN¥102.5m | −CN¥192.5m | −CN¥142.1m | −CN¥82.8m | −CN¥42.3m | −CN¥13.1m | −CN¥15.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.12bn | CN¥634.0m | CN¥946.2m | CN¥1.06bn | CN¥1.23bn | CN¥686.3m | CN¥1.06bn | CN¥1.24bn |
| Gross profit | CN¥281.0m | CN¥157.2m | CN¥261.9m | CN¥337.6m | CN¥322.0m | CN¥147.8m | CN¥264.6m | CN¥339.4m |
| Operating income | CN¥93.5m | CN¥10.6m | CN¥75.7m | CN¥109.0m | CN¥78.8m | −CN¥58.0m | −CN¥21.9m | CN¥76.6m |
| Net income | CN¥67.4m | −CN¥18.1m | −CN¥28.1m | CN¥86.2m | CN¥53.6m | −CN¥59.3m | −CN¥15.6m | CN¥57.9m |
| Diluted earnings per share | 0.16 | -0.04 | -0.07 | 0.21 | 0.13 | -0.15 | -0.04 | 0.16 |
| Cash from operations | — | — | — | CN¥274.0m | CN¥205.0m | −CN¥113.0m | — | CN¥139.0m |
| Capital spending | −CN¥7.0m | −CN¥24.0m | −CN¥18.0m | −CN¥24.0m | −CN¥10.0m | −CN¥21.0m | −CN¥15.0m | −CN¥44.0m |
| Free cash flow | — | — | — | CN¥250.0m | CN¥195.0m | −CN¥134.0m | — | CN¥95.0m |
| Total assets | CN¥6.73bn | CN¥6.83bn | CN¥6.79bn | CN¥7.40bn | CN¥7.31bn | CN¥7.54bn | CN¥7.71bn | CN¥8.90bn |
| Cash and short-term investments | — | — | — | CN¥1.66bn | CN¥1.45bn | CN¥1.51bn | CN¥1.51bn | CN¥1.29bn |
| Debt | CN¥842.9m | CN¥826.5m | CN¥919.0m | CN¥1.19bn | CN¥1.36bn | CN¥1.52bn | CN¥1.46bn | CN¥2.34bn |
| Shareholders' equity | CN¥3.31bn | CN¥3.29bn | CN¥3.30bn | CN¥3.33bn | CN¥3.25bn | CN¥3.27bn | CN¥3.33bn | CN¥3.47bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.3% | 27.0% | 29.5% | 23.0% | 28.6% | 34.4% |
| Operating margin | 4.0% | 4.2% | 8.0% | -5.2% | 6.5% | 13.8% |
| Net margin | 1.3% | 2.7% | 4.5% | -6.1% | 4.5% | 11.6% |
| Return on equity | 1.6% | 3.7% | 7.7% | -11.7% | 8.2% | 16.4% |
| Return on assets | 0.8% | 1.6% | 2.7% | -3.7% | 2.8% | 7.5% |
| Free cash flow yield | 16.0% | 25.1% | 30.2% | 29.0% | 23.9% | 43.0% |
| Revenue growth | -15.3% | -21.8% | -4.9% | -10.8% | 43.6% | 27.9% |
| Earnings growth | -58.0% | -53.1% | -169.9% | -220.9% | -44.4% | 30.9% |
| Current ratio | 1.29x | 1.23x | 1.36x | 1.33x | 1.56x | 1.50x |
| Debt to equity | 0.28x | 0.44x | 0.90x | 0.90x | 0.64x | 0.32x |
| Equity ratio | 48.6% | 43.2% | 35.7% | 31.9% | 34.2% | 45.5% |
| Interest coverage | 2.76x | 6.23x | 3.91x | -2.67x | 5.34x | 31.13x |
| R&D as a share of sales | 3.4% | 3.6% | 3.6% | 3.8% | 3.8% | 3.8% |
| Buybacks as a share of market value | -9.7% | 9.9% | 2.7% | -3.7% | -0.3% | -1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.3% | -4.2% | 9.5% |
| Operating income | — | -15.6% | 7.7% |
| Net income | — | -37.9% | -7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.1% | 26.5% | 28.2% | 30.6% |
| Operating margin | 5.2% | 1.7% | 4.2% | 6.5% |
| Net margin | 2.1% | 0.3% | 2.9% | 5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 111.0 | 31.5 | 21.0 | -20.1 | 37.3 | 23.3 | 18.7 | 11.1 | 21.9 |
| Price to sales | 1.5 | 0.8 | 0.9 | 1.2 | 1.7 | 2.7 | 2.1 | 1.3 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 18 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.20 | 0.30 | 0.15 | 0.25 | 0.47 | 0.35 | 0.206 |
- 17-for-10 split · 18 Jun 2019
- 3-for-2 split · 14 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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