H 
13.75
-1.50%
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¥4.47bn
FY2016FY2025
Net income
CN¥32.9m
FY2016FY2025
Free cash flow
−CN¥28.8m
FY2016FY2025
Shareholders' equity
CN¥1.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.47bn | CN¥4.20bn | CN¥3.89bn | CN¥3.82bn | CN¥3.01bn | CN¥2.19bn | CN¥1.88bn | CN¥1.51bn | CN¥1.15bn | CN¥1.10bn |
| Research and development | CN¥11.6m | CN¥15.7m | CN¥21.2m | CN¥13.5m | CN¥5.5m | CN¥4.6m | CN¥3.8m | CN¥3.2m | CN¥1.9m | CN¥2.2m |
| Operating income | CN¥90.4m | CN¥152.5m | −CN¥100.5m | CN¥125.0m | CN¥32.2m | CN¥181.4m | CN¥244.1m | CN¥120.7m | CN¥72.4m | CN¥52.4m |
| Net income | CN¥32.9m | CN¥98.1m | −CN¥147.2m | CN¥105.9m | CN¥25.7m | CN¥174.4m | CN¥227.1m | CN¥114.1m | CN¥59.5m | CN¥52.2m |
| Diluted earnings per share | 0.12 | 0.51 | -0.74 | 0.45 | 0.12 | 0.87 | 1.52 | 0.76 | 0.78 | 0.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.51bn | CN¥4.17bn | CN¥3.86bn | CN¥3.78bn | CN¥2.87bn | CN¥2.38bn | CN¥1.33bn | CN¥1.10bn | CN¥1.00bn | CN¥772.7m |
| Cash and short-term investments | — | CN¥387.9m | CN¥342.9m | CN¥601.8m | CN¥298.5m | CN¥662.5m | CN¥191.9m | CN¥112.2m | CN¥78.1m | CN¥89.7m |
| Total liabilities | CN¥2.71bn | CN¥2.36bn | CN¥2.12bn | CN¥1.87bn | CN¥1.19bn | CN¥744.1m | CN¥499.6m | CN¥498.5m | CN¥514.0m | CN¥367.9m |
| Debt | CN¥1.28bn | CN¥1.53bn | CN¥1.30bn | CN¥1.23bn | CN¥613.6m | CN¥291.9m | CN¥161.9m | CN¥206.4m | CN¥230.3m | CN¥158.8m |
| Shareholders' equity | CN¥1.73bn | CN¥1.73bn | CN¥1.66bn | CN¥1.83bn | CN¥1.61bn | CN¥1.60bn | CN¥804.6m | CN¥577.5m | CN¥463.4m | CN¥404.0m |
| Shares outstanding | 281m | 193m | 200m | 233m | 210m | 200m | 149m | 150m | 76m | 77m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥376.6m | CN¥379.9m | CN¥161.5m | CN¥120.6m | CN¥113.7m | CN¥161.5m | CN¥302.5m | CN¥183.1m | CN¥66.1m | CN¥74.6m |
| Capital spending | −CN¥405.5m | −CN¥489.5m | −CN¥478.0m | −CN¥474.5m | −CN¥672.8m | −CN¥420.7m | −CN¥166.1m | −CN¥96.2m | −CN¥154.4m | −CN¥118.3m |
| Free cash flow | −CN¥28.8m | −CN¥109.6m | −CN¥316.5m | −CN¥353.9m | −CN¥559.1m | −CN¥259.2m | CN¥136.4m | CN¥86.9m | −CN¥88.3m | −CN¥43.8m |
| Dividends paid | −CN¥81.1m | −CN¥29.5m | −CN¥49.9m | −CN¥29.3m | −CN¥20.4m | −CN¥20.4m | −CN¥10.3m | −CN¥11.0m | −CN¥11.5m | −CN¥24.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.18bn | CN¥1.14bn | CN¥1.20bn | CN¥1.14bn | CN¥1.06bn | CN¥1.08bn | CN¥1.22bn | CN¥1.13bn |
| Operating income | −CN¥5.1m | CN¥28.8m | CN¥50.2m | CN¥30.0m | −CN¥16.7m | CN¥37.2m | CN¥30.0m | CN¥90.9m |
| Net income | −CN¥27.8m | CN¥15.7m | CN¥10.6m | CN¥16.5m | −CN¥28.7m | CN¥34.5m | CN¥9.1m | CN¥74.4m |
| Diluted earnings per share | -0.10 | 0.06 | 0.04 | 0.06 | -0.10 | 0.12 | 0.05 | 0.38 |
| Cash from operations | — | — | — | CN¥45.0m | CN¥12.0m | CN¥43.0m | CN¥224.0m | CN¥59.0m |
| Capital spending | −CN¥44.0m | −CN¥92.0m | −CN¥193.0m | −CN¥47.0m | −CN¥42.0m | −CN¥121.0m | −CN¥218.0m | −CN¥110.0m |
| Free cash flow | — | — | — | −CN¥2.0m | −CN¥30.0m | −CN¥78.0m | CN¥6.0m | −CN¥51.0m |
| Total assets | CN¥4.54bn | CN¥4.57bn | CN¥4.51bn | CN¥4.26bn | CN¥4.28bn | CN¥4.23bn | CN¥4.17bn | CN¥4.02bn |
| Cash and short-term investments | — | — | — | CN¥368.7m | CN¥410.2m | CN¥418.0m | CN¥387.9m | CN¥324.3m |
| Debt | CN¥1.47bn | CN¥1.46bn | CN¥1.28bn | CN¥360.2m | CN¥1.70bn | CN¥1.64bn | CN¥1.48bn | CN¥1.46bn |
| Shareholders' equity | CN¥1.69bn | CN¥1.74bn | CN¥1.73bn | CN¥1.70bn | CN¥1.69bn | CN¥1.73bn | CN¥1.73bn | CN¥1.71bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.0% | 3.9% | -2.5% | 4.0% | 1.6% | 8.6% |
| Net margin | 0.7% | 2.3% | -3.8% | 2.8% | 0.9% | 8.0% |
| Return on equity | 1.9% | 5.7% | -8.9% | 5.8% | 1.6% | 10.9% |
| Return on assets | 0.7% | 2.4% | -3.8% | 2.8% | 0.9% | 7.3% |
| Free cash flow yield | 21.0% | 33.9% | 24.1% | 19.2% | 28.2% | 21.9% |
| Revenue growth | 6.3% | 8.1% | 1.8% | 27.2% | 37.3% | 16.6% |
| Earnings growth | -66.4% | -166.7% | -239.0% | 312.3% | -85.3% | -23.2% |
| Current ratio | 1.17x | 1.29x | 1.31x | 2.06x | 1.33x | 2.09x |
| Debt to equity | 0.74x | 0.86x | 0.75x | 0.63x | 0.31x | 0.24x |
| Equity ratio | 38.3% | 41.4% | 43.1% | 48.5% | 56.1% | 67.5% |
| Interest coverage | 1.61x | 3.10x | -2.35x | 4.95x | 2.59x | 17.16x |
| R&D as a share of sales | 0.3% | 0.4% | 0.5% | 0.4% | 0.2% | 0.2% |
| Buybacks as a share of market value | -45.1% | 3.4% | 14.2% | -10.9% | -5.0% | -34.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.4% | 15.3% | 16.0% |
| Operating income | -10.2% | -13.0% | 1.2% |
| Net income | -32.2% | -28.3% | -8.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.8% | 1.6% | 2.2% | 3.7% |
| Net margin | 1.5% | 0.5% | 1.3% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 117.1 | 25.1 | -20.7 | 48.4 | 203.9 | 38.3 |
| Price to sales | 0.9 | 0.6 | 0.8 | 1.3 | 1.7 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.071 | 0.143 | 0.102 | 0.102 | 0.102 |
- 7-for-5 split · 30 May 2025
- 7-for-5 split · 28 Sept 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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