Z 
78.54
+6.31%
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¥1.84bn
FY2016FY2025
Net income
CN¥146.3m
FY2016FY2025
Free cash flow
−CN¥11.1m
FY2016FY2025
Shareholders' equity
CN¥2.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.84bn | CN¥1.23bn | CN¥905.4m | CN¥1.22bn | CN¥1.21bn | CN¥1.38bn | CN¥824.9m | CN¥687.4m | CN¥482.2m | CN¥390.5m |
| Gross profit | CN¥810.2m | CN¥499.6m | CN¥367.2m | CN¥581.5m | CN¥590.4m | CN¥722.2m | CN¥404.6m | CN¥340.9m | CN¥245.4m | CN¥192.6m |
| Research and development | CN¥225.7m | CN¥175.0m | CN¥186.8m | CN¥175.3m | CN¥141.3m | CN¥126.1m | CN¥98.4m | CN¥74.9m | CN¥63.8m | CN¥34.9m |
| Operating income | CN¥213.9m | CN¥15.5m | −CN¥101.4m | CN¥210.6m | CN¥278.1m | CN¥396.5m | CN¥158.6m | CN¥120.4m | CN¥42.2m | CN¥83.5m |
| Net income | CN¥146.3m | CN¥22.3m | −CN¥57.2m | CN¥202.1m | CN¥243.3m | CN¥341.2m | CN¥150.4m | CN¥111.6m | CN¥32.4m | CN¥78.1m |
| Diluted earnings per share | 0.92 | 0.16 | -0.38 | 1.47 | 1.75 | 2.46 | 1.44 | 1.07 | 0.20 | 0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.49bn | CN¥2.79bn | CN¥2.73bn | CN¥2.60bn | CN¥2.45bn | CN¥1.69bn | CN¥741.1m | CN¥604.8m | CN¥403.1m | CN¥364.4m |
| Cash and short-term investments | — | CN¥796.5m | CN¥1.17bn | CN¥1.07bn | CN¥1.25bn | CN¥744.9m | CN¥143.1m | CN¥69.1m | CN¥103.2m | CN¥94.6m |
| Total liabilities | CN¥1.00bn | CN¥945.9m | CN¥1.04bn | CN¥855.4m | CN¥820.7m | CN¥322.9m | CN¥198.8m | CN¥205.2m | CN¥152.8m | CN¥130.3m |
| Debt | CN¥20.0m | CN¥568.9m | CN¥692.2m | CN¥488.6m | CN¥457.0m | CN¥21.8m | CN¥19.1m | CN¥46.0m | CN¥58.3m | CN¥51.0m |
| Shareholders' equity | CN¥2.29bn | CN¥1.81bn | CN¥1.64bn | CN¥1.70bn | CN¥1.60bn | CN¥1.35bn | CN¥534.3m | CN¥394.9m | CN¥247.6m | CN¥233.0m |
| Shares outstanding | 158m | 143m | 152m | 138m | 139m | 139m | 104m | 104m | 158m | 158m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥84.8m | −CN¥204.3m | CN¥117.7m | CN¥74.2m | CN¥195.3m | CN¥288.3m | CN¥186.0m | CN¥28.3m | CN¥75.9m | CN¥103.9m |
| Capital spending | −CN¥95.9m | −CN¥150.7m | −CN¥133.2m | −CN¥129.8m | −CN¥152.3m | −CN¥86.3m | −CN¥72.6m | −CN¥52.7m | −CN¥29.5m | −CN¥14.7m |
| Free cash flow | −CN¥11.1m | −CN¥355.1m | −CN¥15.5m | −CN¥55.6m | CN¥43.0m | CN¥202.0m | CN¥113.4m | −CN¥24.5m | CN¥46.4m | CN¥89.2m |
| Dividends paid | −CN¥25.7m | −CN¥7.1m | −CN¥2.8m | −CN¥50.5m | −CN¥102.0m | −CN¥50.3m | −CN¥11.7m | −CN¥2.3m | −CN¥52.0m | −CN¥2.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥654.1m | CN¥467.6m | CN¥719.2m | CN¥441.6m | CN¥466.5m | CN¥205.8m | CN¥409.3m | CN¥251.2m |
| Gross profit | CN¥320.4m | CN¥233.1m | CN¥314.4m | CN¥196.5m | CN¥192.9m | CN¥90.9m | CN¥132.2m | CN¥121.7m |
| Operating income | CN¥138.9m | CN¥81.4m | CN¥126.7m | CN¥52.9m | CN¥60.2m | −CN¥35.9m | CN¥24.1m | −CN¥14.7m |
| Net income | CN¥105.1m | CN¥65.9m | CN¥40.6m | CN¥85.5m | CN¥40.8m | −CN¥20.7m | CN¥20.7m | −CN¥16.6m |
| Diluted earnings per share | 0.66 | 0.42 | 0.26 | 0.54 | 0.26 | -0.13 | 0.14 | -0.12 |
| Cash from operations | — | — | — | CN¥24.0m | CN¥24.0m | CN¥44.0m | — | CN¥5.0m |
| Capital spending | −CN¥20.0m | −CN¥69.0m | — | −CN¥18.0m | −CN¥54.0m | −CN¥26.0m | −CN¥35.0m | −CN¥11.0m |
| Free cash flow | — | — | — | CN¥6.0m | −CN¥30.0m | CN¥18.0m | — | −CN¥6.0m |
| Total assets | CN¥3.74bn | CN¥3.48bn | CN¥3.49bn | CN¥3.35bn | CN¥3.37bn | CN¥3.30bn | CN¥2.79bn | CN¥2.74bn |
| Cash and short-term investments | — | — | — | CN¥731.5m | CN¥847.6m | CN¥888.8m | CN¥796.5m | CN¥804.2m |
| Debt | CN¥20.0m | CN¥20.0m | CN¥20.0m | CN¥231.5m | CN¥286.4m | CN¥395.3m | CN¥529.1m | CN¥607.9m |
| Shareholders' equity | CN¥2.47bn | CN¥2.35bn | CN¥2.29bn | CN¥2.25bn | CN¥2.18bn | CN¥2.07bn | CN¥1.81bn | CN¥1.67bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 44.1% | 40.5% | 40.6% | 47.8% | 48.6% | 52.5% | — |
| Operating margin | 11.7% | 1.3% | -11.2% | 17.3% | 22.9% | 28.8% | — |
| Net margin | 8.0% | 1.8% | -6.3% | 16.6% | 20.0% | 24.8% | — |
| Return on equity | 6.4% | 1.2% | -3.5% | 11.9% | 15.2% | 25.3% | — |
| Return on assets | 4.2% | 0.8% | -2.1% | 7.8% | 9.9% | 20.2% | — |
| Free cash flow yield | 1.1% | -0.4% | 1.6% | 1.5% | 2.5% | 2.6% | — |
| Revenue growth | 48.9% | 36.2% | -25.6% | 0.2% | -11.8% | 66.8% | — |
| Earnings growth | 557.5% | -138.9% | -128.3% | -16.9% | -28.7% | 126.9% | — |
| Current ratio | 2.54x | 3.66x | 3.66x | 5.35x | 5.54x | 4.53x | — |
| Debt to equity | 0.01x | 0.29x | 0.39x | 0.27x | 0.26x | — | 0.04x |
| Equity ratio | 65.6% | 64.7% | 60.2% | 65.5% | 65.3% | 79.9% | — |
| Interest coverage | 15.64x | 0.92x | -8.09x | 8.03x | 74.12x | 687.27x | — |
| R&D as a share of sales | 12.3% | 14.2% | 20.6% | 14.4% | 11.6% | 9.2% | — |
| Buybacks as a share of market value | -10.5% | 5.6% | -10.2% | 0.7% | 0.1% | -33.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.7% | 5.9% | 16.6% |
| Operating income | 0.5% | -11.6% | 18.7% |
| Net income | -10.2% | -15.6% | 19.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.7% | 43.5% | 45.9% | 46.7% |
| Operating margin | 7.5% | 6.5% | 13.0% | 13.8% |
| Net margin | 5.5% | 6.0% | 11.5% | 12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 64.1 | 150.9 | -77.9 | 16.6 | 27.9 | 34.8 |
| Price to sales | 5.1 | 2.7 | 4.9 | 2.8 | 5.6 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 22 Jan 2026.
| FY2025 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.221 | 0.35 | 0.733 | 0.36 |
- 2-for-1 split · 7 Jul 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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