Z 
22.62
+4.48%
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¥2.03bn
FY2016FY2025
Net income
CN¥25.3m
FY2016FY2025
Free cash flow
−CN¥36.6m
FY2016FY2025
Shareholders' equity
CN¥1.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.03bn | CN¥1.66bn | CN¥1.48bn | CN¥1.49bn | CN¥1.34bn | CN¥1.23bn | CN¥1.05bn | CN¥939.2m | CN¥862.8m | CN¥850.5m |
| Gross profit | CN¥481.6m | CN¥375.0m | CN¥401.4m | CN¥375.8m | CN¥352.0m | CN¥405.1m | CN¥413.4m | CN¥352.3m | CN¥295.5m | CN¥278.2m |
| Research and development | CN¥16.2m | CN¥9.8m | CN¥12.2m | CN¥8.7m | CN¥9.9m | CN¥9.8m | CN¥5.0m | CN¥2.8m | CN¥2.5m | CN¥2.5m |
| Operating income | CN¥34.9m | −CN¥30.6m | CN¥53.3m | CN¥48.3m | CN¥71.7m | CN¥134.5m | CN¥121.1m | CN¥85.8m | CN¥59.4m | CN¥24.1m |
| Net income | CN¥25.3m | −CN¥25.1m | CN¥40.5m | CN¥38.4m | CN¥55.7m | CN¥101.0m | CN¥90.2m | CN¥63.9m | CN¥41.5m | CN¥37.0m |
| Diluted earnings per share | 0.23 | -0.18 | 0.29 | 0.31 | 0.47 | 1.10 | 0.95 | 0.69 | 0.44 | 0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.25bn | CN¥2.29bn | CN¥2.03bn | CN¥1.75bn | CN¥1.69bn | CN¥1.58bn | CN¥1.02bn | CN¥1.02bn | CN¥933.1m | CN¥905.9m |
| Cash and short-term investments | — | CN¥142.4m | CN¥194.9m | CN¥297.9m | CN¥464.4m | CN¥474.9m | CN¥123.5m | CN¥113.2m | CN¥153.9m | CN¥211.1m |
| Total liabilities | CN¥1.23bn | CN¥1.28bn | CN¥957.5m | CN¥712.7m | CN¥677.2m | CN¥586.9m | CN¥519.0m | CN¥594.6m | CN¥559.5m | CN¥550.4m |
| Debt | CN¥216.1m | CN¥639.4m | CN¥466.5m | CN¥408.4m | CN¥499.5m | CN¥397.1m | CN¥361.4m | CN¥431.3m | CN¥417.9m | CN¥418.5m |
| Shareholders' equity | CN¥1.01bn | CN¥1.00bn | CN¥1.06bn | CN¥1.04bn | CN¥1.02bn | CN¥991.7m | CN¥504.3m | CN¥423.5m | CN¥373.6m | CN¥355.5m |
| Shares outstanding | 111m | 141m | 138m | 123m | 118m | 92m | 95m | 93m | 95m | 91m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥124.9m | CN¥106.9m | CN¥176.4m | CN¥193.4m | CN¥125.5m | CN¥184.5m | CN¥188.8m | CN¥132.5m | CN¥71.9m | CN¥77.1m |
| Capital spending | −CN¥161.5m | −CN¥262.2m | −CN¥406.0m | −CN¥279.9m | −CN¥129.0m | −CN¥269.2m | −CN¥76.6m | −CN¥143.5m | −CN¥84.8m | −CN¥27.6m |
| Free cash flow | −CN¥36.6m | −CN¥155.3m | −CN¥229.6m | −CN¥86.5m | −CN¥3.5m | −CN¥84.7m | CN¥112.2m | −CN¥10.9m | −CN¥12.9m | CN¥49.5m |
| Dividends paid | −CN¥48.1m | −CN¥49.7m | −CN¥18.7m | −CN¥18.7m | −CN¥31.2m | −CN¥18.7m | −CN¥9.4m | −CN¥36.6m | −CN¥42.4m | −CN¥21.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥498.2m | CN¥514.5m | CN¥563.2m | CN¥541.1m | CN¥476.1m | CN¥444.6m | CN¥458.9m | CN¥448.4m |
| Gross profit | CN¥97.0m | CN¥122.2m | CN¥127.3m | CN¥130.2m | CN¥117.4m | CN¥106.6m | CN¥89.3m | CN¥106.0m |
| Operating income | −CN¥15.5m | CN¥7.0m | CN¥15.6m | CN¥45.8m | −CN¥6.5m | CN¥1.0m | −CN¥16.8m | −CN¥1.4m |
| Net income | −CN¥21.0m | −CN¥3.3m | −CN¥6.9m | CN¥41.3m | −CN¥3.2m | −CN¥5.9m | −CN¥13.1m | −CN¥4.5m |
| Diluted earnings per share | -0.19 | -0.03 | -0.06 | 0.37 | -0.03 | -0.05 | -0.09 | -0.03 |
| Cash from operations | — | — | — | CN¥7.0m | CN¥23.0m | CN¥31.0m | — | CN¥21.0m |
| Capital spending | −CN¥23.0m | −CN¥34.0m | −CN¥73.0m | −CN¥33.0m | −CN¥25.0m | −CN¥28.0m | −CN¥120.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥26.0m | −CN¥2.0m | CN¥3.0m | — | CN¥16.0m |
| Total assets | CN¥2.34bn | CN¥2.38bn | CN¥2.25bn | CN¥2.32bn | CN¥2.36bn | CN¥2.32bn | CN¥2.29bn | CN¥2.12bn |
| Cash and short-term investments | — | — | — | CN¥142.9m | CN¥195.9m | CN¥161.2m | CN¥142.4m | CN¥180.8m |
| Debt | CN¥120.8m | CN¥142.0m | CN¥216.1m | CN¥644.2m | CN¥902.8m | CN¥904.6m | CN¥627.8m | CN¥743.1m |
| Shareholders' equity | CN¥971.9m | CN¥1.00bn | CN¥1.01bn | CN¥1.02bn | CN¥976.6m | CN¥997.6m | CN¥1.00bn | CN¥1.01bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.8% | 22.5% | 27.1% | 25.3% | 26.3% | 33.1% |
| Operating margin | 3.1% | 0.1% | 4.9% | 4.7% | 6.5% | 12.3% |
| Net margin | 1.2% | -1.5% | 2.7% | 2.6% | 4.2% | 8.2% |
| Return on equity | 2.5% | -2.5% | 3.8% | 3.7% | 5.5% | 10.2% |
| Return on assets | 1.1% | -1.1% | 2.0% | 2.2% | 3.3% | 6.4% |
| Free cash flow yield | 11.9% | 12.1% | 19.5% | 17.8% | 10.0% | 22.8% |
| Revenue growth | 21.7% | 12.6% | -0.6% | 11.2% | 9.1% | 16.9% |
| Earnings growth | -200.6% | -162.1% | 5.4% | -31.1% | -44.8% | 12.0% |
| Current ratio | 0.61x | 0.51x | 0.81x | 1.03x | 1.73x | 1.46x |
| Debt to equity | 0.21x | 0.63x | 0.43x | 0.23x | 0.45x | 0.40x |
| Equity ratio | 44.8% | 43.7% | 52.1% | 59.2% | 60.0% | 62.8% |
| Interest coverage | 2.09x | 0.03x | 3.30x | 3.22x | 4.92x | 8.45x |
| R&D as a share of sales | 0.8% | 0.6% | 0.8% | 0.6% | 0.7% | 0.8% |
| Buybacks as a share of market value | 21.1% | -2.3% | -12.4% | -4.3% | -28.1% | 3.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.8% | 10.6% | 9.7% |
| Operating income | -10.3% | -23.7% | 4.2% |
| Net income | -13.0% | -24.2% | 0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.2% | 24.5% | 25.9% | 29.2% |
| Operating margin | 0.1% | 1.6% | 3.4% | 4.6% |
| Net margin | 0.0% | 1.2% | 2.6% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 88.8 | -86.3 | 73.6 | 93.1 | 54.8 |
| Price to sales | 1.1 | 1.3 | 2.0 | 2.4 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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