T 
1.74
+6.75%
Close of 9 Nov 2026, in HKD
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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¥3.08bn
FY2016FY2025
Net income
CN¥122.7m
FY2016FY2025
Free cash flow
CN¥559.0m
FY2016FY2025
Shareholders' equity
CN¥4.22bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.08bn | CN¥2.51bn | CN¥2.92bn | CN¥3.07bn | CN¥3.34bn | CN¥3.35bn | CN¥4.13bn | CN¥4.05bn | CN¥3.73bn | CN¥3.41bn |
| Gross profit | CN¥329.2m | CN¥293.6m | CN¥369.3m | CN¥411.0m | CN¥494.6m | CN¥596.6m | CN¥788.3m | CN¥784.4m | CN¥732.2m | CN¥714.2m |
| Research and development | CN¥58.5m | CN¥54.3m | CN¥58.4m | CN¥51.6m | CN¥67.8m | CN¥70.5m | CN¥72.3m | CN¥68.1m | CN¥65.1m | CN¥60.0m |
| Operating income | CN¥198.6m | CN¥22.2m | CN¥200.5m | CN¥17.9m | CN¥344.5m | CN¥183.2m | CN¥613.9m | CN¥631.5m | CN¥472.3m | CN¥380.1m |
| Net income | CN¥122.7m | −CN¥7.9m | −CN¥26.3m | −CN¥65.8m | CN¥242.0m | −CN¥162.6m | CN¥418.8m | CN¥403.0m | CN¥323.3m | CN¥224.7m |
| Diluted earnings per share | 0.07 | -0.00 | -0.01 | -0.04 | 0.14 | -0.09 | 0.23 | 0.22 | 0.18 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.31bn | CN¥5.21bn | CN¥6.30bn | CN¥6.29bn | CN¥6.54bn | CN¥6.26bn | CN¥6.33bn | CN¥6.33bn | CN¥5.63bn | CN¥5.47bn |
| Cash and short-term investments | CN¥765.6m | CN¥464.4m | CN¥640.9m | CN¥626.2m | CN¥535.8m | CN¥859.8m | CN¥542.6m | CN¥777.1m | CN¥706.1m | CN¥708.4m |
| Total liabilities | CN¥2.09bn | CN¥1.70bn | CN¥2.19bn | CN¥2.15bn | CN¥2.34bn | CN¥2.30bn | CN¥2.21bn | CN¥2.58bn | CN¥2.22bn | CN¥2.19bn |
| Debt | CN¥1.88bn | CN¥1.48bn | CN¥1.69bn | CN¥1.69bn | CN¥1.27bn | CN¥1.43bn | CN¥1.30bn | CN¥1.73bn | CN¥1.47bn | CN¥1.29bn |
| Shareholders' equity | CN¥4.22bn | CN¥3.51bn | CN¥4.11bn | CN¥4.14bn | CN¥4.20bn | CN¥3.96bn | CN¥4.12bn | CN¥3.75bn | CN¥3.41bn | CN¥3.10bn |
| Shares outstanding | 1,771m | 1,791m | 1,792m | 1,792m | 1,792m | 1,792m | 1,792m | 1,792m | 1,794m | 1,564m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥569.2m | CN¥470.0m | CN¥779.7m | CN¥222.5m | CN¥55.7m | CN¥96.3m | CN¥347.6m | CN¥49.2m | −CN¥110.4m | CN¥551.2m |
| Capital spending | −CN¥10.2m | −CN¥8.5m | −CN¥2.0m | −CN¥32.3m | −CN¥5.3m | −CN¥4.0m | −CN¥5.7m | −CN¥6.5m | −CN¥3.0m | −CN¥45.0m |
| Free cash flow | CN¥559.0m | CN¥461.5m | CN¥777.7m | CN¥190.2m | CN¥50.4m | CN¥92.3m | CN¥341.9m | CN¥42.7m | −CN¥113.3m | CN¥506.2m |
| Dividends paid | — | — | — | — | — | — | −CN¥42.7m | −CN¥77.3m | −CN¥59.7m | −CN¥74.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.04bn | CN¥1.64bn | CN¥1.44bn | CN¥1.35bn | CN¥1.16bn | CN¥1.26bn | CN¥732.2m | CN¥1.46bn |
| Gross profit | CN¥311.1m | CN¥166.2m | CN¥163.0m | CN¥151.4m | CN¥142.2m | CN¥159.1m | CN¥92.8m | CN¥183.6m |
| Operating income | CN¥264.8m | CN¥134.9m | CN¥56.5m | −CN¥36.7m | CN¥58.8m | −CN¥61.7m | −CN¥36.0m | CN¥72.0m |
| Net income | CN¥243.5m | CN¥93.6m | CN¥29.1m | −CN¥48.8m | CN¥40.9m | −CN¥57.0m | −CN¥33.3m | CN¥40.2m |
| Diluted earnings per share | 0.14 | 0.05 | 0.02 | -0.03 | 0.02 | -0.03 | -0.02 | 0.02 |
| Cash from operations | — | CN¥239.0m | CN¥369.0m | CN¥60.0m | CN¥409.0m | CN¥481.0m | CN¥240.0m | CN¥298.0m |
| Capital spending | — | −CN¥2.0m | −CN¥8.0m | −CN¥2.0m | −CN¥5.0m | — | — | −CN¥1.0m |
| Free cash flow | — | CN¥237.0m | CN¥361.0m | CN¥58.0m | CN¥404.0m | — | — | CN¥297.0m |
| Total assets | CN¥6.41bn | CN¥6.31bn | CN¥6.14bn | CN¥5.21bn | CN¥5.45bn | CN¥6.30bn | CN¥6.30bn | CN¥6.38bn |
| Cash and short-term investments | CN¥785.4m | CN¥765.6m | CN¥647.1m | CN¥464.4m | CN¥589.3m | CN¥640.9m | CN¥640.9m | CN¥630.0m |
| Debt | CN¥1.67bn | CN¥1.88bn | CN¥1.74bn | CN¥1.48bn | CN¥1.64bn | CN¥1.98bn | CN¥1.98bn | CN¥1.94bn |
| Shareholders' equity | CN¥4.46bn | CN¥4.22bn | CN¥4.12bn | CN¥3.51bn | CN¥3.56bn | CN¥4.11bn | CN¥4.11bn | CN¥4.18bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.7% | 11.7% | 12.6% | 13.4% | 14.8% | 17.8% |
| Operating margin | 6.5% | 0.9% | 1.2% | 0.6% | 10.3% | -2.7% |
| Net margin | 4.0% | -0.3% | -0.9% | -2.1% | 7.2% | -4.9% |
| Return on equity | 2.9% | -0.2% | -0.6% | -1.6% | 5.8% | -4.1% |
| Return on assets | 1.9% | -0.2% | -0.4% | -1.0% | 3.7% | -2.6% |
| Free cash flow yield | 14.3% | 13.6% | 19.0% | 6.2% | 1.5% | 2.4% |
| Revenue growth | 5.2% | 0.1% | -4.7% | -8.1% | -0.4% | -18.9% |
| Earnings growth | -1429.0% | -64.9% | -60.0% | -127.2% | -248.9% | -138.8% |
| Current ratio | 2.86x | 2.99x | 2.70x | 2.67x | 2.59x | 2.54x |
| Debt to equity | 0.45x | 0.42x | 0.48x | 0.48x | 0.35x | 0.42x |
| Equity ratio | 66.8% | 67.4% | 65.2% | 65.8% | 64.2% | 63.3% |
| Interest coverage | 4.22x | 0.46x | 0.53x | 0.25x | 4.52x | -1.14x |
| R&D as a share of sales | 1.9% | 2.2% | 2.0% | 1.7% | 2.0% | 2.1% |
| Buybacks as a share of market value | 1.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.1% | -1.7% | -1.0% |
| Operating income | 122.8% | 1.6% | -8.9% |
| Net income | — | — | -9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.1% | 12.1% | 13.7% | 17.0% |
| Operating margin | 4.0% | 3.8% | 5.3% | 9.6% |
| Net margin | 2.1% | 0.2% | 0.6% | 4.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.0 | -58.8 | -18.3 | -9.2 | 3.7 | -7.3 | 5.6 | 4.0 | 5.1 | 6.8 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.6 | 0.4 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.023 | 0.043 | 0.033 | 0.047 | 0.14 | 0.14 | 0.12 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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