D 
33.22
+1.28%
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¥6.10bn
FY2019FY2025
Net income
CN¥160.9m
FY2019FY2025
Free cash flow
CN¥509.6m
FY2019FY2025
Shareholders' equity
CN¥2.84bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.10bn | CN¥4.31bn | CN¥3.05bn | CN¥2.02bn | CN¥1.61bn | CN¥1.10bn | CN¥836.6m |
| Operating income | CN¥298.0m | CN¥213.9m | CN¥501.5m | CN¥330.6m | CN¥168.9m | CN¥100.4m | −CN¥129.0m |
| Net income | CN¥160.9m | CN¥55.2m | −CN¥26.6m | −CN¥222.6m | −CN¥471.1m | −CN¥274.1m | −CN¥181.6m |
| Diluted earnings per share | 1.18 | 0.42 | -0.20 | -2.33 | -5.42 | -3.21 | -2.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.57bn | CN¥5.67bn | CN¥4.82bn | CN¥3.81bn | CN¥3.16bn | CN¥2.65bn | CN¥2.24bn |
| Cash and short-term investments | CN¥1.17bn | CN¥1.24bn | CN¥1.19bn | CN¥633.6m | CN¥656.7m | CN¥257.4m | CN¥83.7m |
| Total liabilities | CN¥3.74bn | CN¥3.06bn | CN¥2.38bn | CN¥2.93bn | CN¥2.20bn | CN¥1.57bn | CN¥905.3m |
| Debt | CN¥2.34bn | CN¥1.57bn | CN¥1.24bn | CN¥1.03bn | CN¥861.3m | CN¥839.6m | CN¥550.0m |
| Shareholders' equity | CN¥2.84bn | CN¥2.61bn | CN¥2.44bn | CN¥876.5m | CN¥957.9m | CN¥1.07bn | CN¥1.34bn |
| Shares outstanding | 136m | 133m | 130m | 95m | 87m | 85m | 85m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.02bn | CN¥818.4m | CN¥623.9m | CN¥347.0m | CN¥332.1m | CN¥103.5m | CN¥124.3m |
| Capital spending | −CN¥515.0m | −CN¥373.2m | −CN¥368.0m | −CN¥245.1m | −CN¥184.8m | −CN¥158.5m | −CN¥155.2m |
| Free cash flow | CN¥509.6m | CN¥445.3m | CN¥255.9m | CN¥102.0m | CN¥147.3m | −CN¥54.9m | −CN¥30.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.60bn | CN¥3.19bn | CN¥3.02bn | CN¥2.27bn | CN¥1.32bn | CN¥2.04bn | CN¥1.19bn | CN¥1.67bn |
| Operating income | CN¥154.3m | CN¥142.1m | CN¥644.9m | CN¥455.7m | CN¥265.1m | CN¥405.6m | CN¥236.0m | CN¥297.6m |
| Net income | CN¥93.0m | CN¥87.0m | CN¥76.7m | CN¥44.3m | CN¥25.8m | CN¥10.9m | CN¥6.3m | −CN¥35.4m |
| Diluted earnings per share | 0.70 | 0.64 | 0.56 | 0.33 | 0.19 | 0.08 | 0.05 | -0.27 |
| Cash from operations | CN¥584.0m | CN¥622.0m | CN¥420.0m | CN¥513.0m | CN¥256.0m | CN¥438.0m | CN¥219.0m | CN¥420.0m |
| Capital spending | −CN¥286.0m | −CN¥324.0m | −CN¥202.0m | −CN¥286.0m | −CN¥143.0m | −CN¥147.0m | −CN¥73.0m | −CN¥222.0m |
| Free cash flow | CN¥298.0m | CN¥298.0m | CN¥218.0m | CN¥227.0m | CN¥113.0m | CN¥291.0m | CN¥146.0m | CN¥198.0m |
| Total assets | CN¥6.95bn | CN¥6.57bn | CN¥6.09bn | CN¥4.88bn | CN¥5.67bn | CN¥4.52bn | CN¥5.26bn | CN¥4.15bn |
| Cash and short-term investments | CN¥1.09bn | CN¥1.17bn | CN¥1.18bn | CN¥1.07bn | CN¥1.24bn | CN¥1.09bn | CN¥1.27bn | CN¥1.02bn |
| Debt | CN¥510.8m | CN¥2.34bn | CN¥2.11bn | CN¥1.57bn | CN¥569.3m | CN¥1.41bn | CN¥421.5m | CN¥1.24bn |
| Shareholders' equity | CN¥2.93bn | CN¥2.84bn | CN¥2.72bn | CN¥2.24bn | CN¥2.61bn | CN¥2.16bn | CN¥2.51bn | CN¥2.10bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.9% | 3.6% | 2.4% | -6.7% | -25.1% | -18.8% |
| Net margin | 2.6% | 1.3% | -0.9% | -11.0% | -29.2% | -24.8% |
| Return on equity | 5.7% | 2.5% | -1.3% | -29.6% | -49.2% | -25.5% |
| Return on assets | 2.4% | 1.1% | -0.6% | -6.8% | -14.9% | -10.3% |
| Free cash flow yield | 32.7% | 30.1% | 22.0% | 17.9% | — | — |
| Revenue growth | 21.5% | 41.4% | 51.0% | 25.4% | 45.9% | 32.0% |
| Earnings growth | 150.5% | -307.5% | -88.1% | -52.7% | 71.9% | 51.0% |
| Current ratio | 0.90x | 0.90x | 1.19x | 0.87x | 0.92x | 0.65x |
| Debt to equity | 0.24x | 0.22x | 0.20x | 0.50x | 1.15x | 0.31x |
| Equity ratio | 43.1% | 46.0% | 50.6% | 23.0% | 30.3% | 40.6% |
| Interest coverage | 3.09x | 1.94x | 1.03x | -2.05x | -5.53x | -3.47x |
| Buybacks as a share of market value | -2.3% | -2.3% | -36.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.5% | 40.8% | — |
| Operating income | -3.4% | 24.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.9% | 8.7% | 8.9% | — |
| Net margin | 2.1% | -0.2% | -4.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 52.2 | 163.8 | -262.0 |
| Price to sales | 1.4 | 2.1 | 2.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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