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1.64
+1.23%
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¥2.31bn
FY2016FY2025
Net income
CN¥376.0m
FY2016FY2025
Free cash flow
−CN¥341.9m
FY2016FY2025
Shareholders' equity
CN¥6.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.31bn | CN¥6.00bn | CN¥4.79bn | CN¥2.51bn | CN¥1.71bn | CN¥1.69bn | CN¥1.63bn | CN¥1.05bn | CN¥1.25bn | CN¥1.12bn |
| Gross profit | CN¥798.0m | CN¥633.1m | CN¥694.2m | CN¥991.2m | CN¥1.13bn | CN¥983.1m | CN¥951.9m | CN¥708.7m | CN¥903.2m | CN¥799.1m |
| Operating income | CN¥689.7m | CN¥539.5m | CN¥605.0m | CN¥916.5m | CN¥1.07bn | CN¥908.5m | CN¥884.8m | CN¥620.6m | CN¥854.4m | CN¥738.8m |
| Net income | CN¥376.0m | CN¥414.3m | CN¥449.0m | CN¥668.3m | CN¥729.6m | CN¥620.8m | CN¥595.7m | CN¥408.5m | CN¥528.2m | CN¥443.2m |
| Diluted earnings per share | 0.19 | 0.21 | 0.22 | 0.33 | 0.36 | 0.31 | 0.30 | 0.21 | 0.35 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥20.51bn | CN¥18.02bn | CN¥12.40bn | CN¥8.90bn | CN¥5.67bn | CN¥6.71bn | CN¥7.99bn | CN¥4.35bn | CN¥3.64bn | CN¥3.83bn |
| Cash and short-term investments | CN¥494.2m | CN¥1.13bn | CN¥512.7m | CN¥1.44bn | CN¥504.8m | CN¥539.5m | CN¥1.60bn | CN¥1.31bn | CN¥415.8m | CN¥367.5m |
| Total liabilities | CN¥14.08bn | CN¥12.70bn | CN¥7.23bn | CN¥4.00bn | CN¥2.77bn | CN¥3.81bn | CN¥3.04bn | CN¥821.6m | CN¥1.16bn | CN¥1.57bn |
| Debt | CN¥11.05bn | CN¥9.13bn | CN¥6.13bn | CN¥3.28bn | CN¥2.27bn | CN¥3.33bn | CN¥245.0m | CN¥510.0m | CN¥825.0m | CN¥1.30bn |
| Shareholders' equity | CN¥6.25bn | CN¥5.20bn | CN¥5.07bn | CN¥4.80bn | CN¥2.90bn | CN¥2.90bn | CN¥4.95bn | CN¥3.53bn | CN¥2.48bn | CN¥2.23bn |
| Shares outstanding | 2,000m | 2,000m | 2,000m | 2,000m | 2,000m | 2,000m | 2,000m | 1,952m | 1,500m | 1,500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.41bn | CN¥729.9m | CN¥824.4m | CN¥624.5m | CN¥1.15bn | CN¥1.14bn | CN¥1.37bn | CN¥667.8m | CN¥675.6m | CN¥758.0m |
| Capital spending | −CN¥1.75bn | −CN¥3.98bn | −CN¥3.79bn | −CN¥1.28bn | −CN¥115.6m | −CN¥104.7m | −CN¥285.6m | −CN¥48.6m | −CN¥36.9m | −CN¥18.7m |
| Free cash flow | −CN¥341.9m | −CN¥3.25bn | −CN¥2.96bn | −CN¥651.4m | CN¥1.04bn | CN¥1.03bn | CN¥1.08bn | CN¥619.2m | CN¥638.7m | CN¥739.3m |
| Dividends paid | −CN¥200.0m | −CN¥256.5m | −CN¥307.8m | −CN¥307.8m | −CN¥307.8m | −CN¥326.0m | −CN¥257.4m | −CN¥379.2m | −CN¥282.8m | −CN¥128.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.10bn | CN¥1.29bn | CN¥1.07bn | CN¥3.60bn | CN¥2.40bn | CN¥3.38bn | CN¥1.42bn | CN¥1.66bn |
| Gross profit | CN¥391.3m | CN¥396.8m | CN¥415.6m | CN¥328.6m | CN¥304.6m | CN¥308.7m | CN¥385.5m | CN¥478.0m |
| Operating income | CN¥347.7m | CN¥336.9m | CN¥365.5m | CN¥263.0m | CN¥269.1m | CN¥251.2m | CN¥350.1m | CN¥427.5m |
| Net income | CN¥191.5m | CN¥184.7m | CN¥200.4m | CN¥201.8m | CN¥212.5m | CN¥192.2m | CN¥256.9m | CN¥321.9m |
| Diluted earnings per share | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.10 | 0.13 | 0.16 |
| Cash from operations | CN¥391.0m | CN¥1.82bn | −CN¥419.0m | CN¥557.0m | CN¥172.0m | CN¥375.0m | CN¥448.0m | CN¥216.0m |
| Capital spending | −CN¥246.0m | −CN¥1.66bn | −CN¥86.0m | −CN¥2.25bn | −CN¥1.73bn | −CN¥2.31bn | −CN¥1.47bn | −CN¥826.0m |
| Free cash flow | CN¥145.0m | CN¥164.0m | −CN¥505.0m | −CN¥1.70bn | −CN¥1.56bn | −CN¥1.94bn | −CN¥1.03bn | −CN¥610.0m |
| Total assets | CN¥20.46bn | CN¥20.51bn | CN¥20.97bn | CN¥18.02bn | CN¥14.21bn | CN¥12.40bn | CN¥10.07bn | CN¥8.90bn |
| Cash and short-term investments | CN¥703.0m | CN¥494.2m | CN¥363.7m | CN¥1.13bn | CN¥836.2m | CN¥512.7m | CN¥930.3m | CN¥1.46bn |
| Debt | CN¥634.3m | CN¥11.06bn | CN¥11.43bn | CN¥9.13bn | CN¥7.82bn | CN¥6.13bn | CN¥4.07bn | CN¥3.28bn |
| Shareholders' equity | CN¥4.20bn | CN¥6.25bn | CN¥6.06bn | CN¥5.20bn | CN¥5.00bn | CN¥5.07bn | CN¥4.87bn | CN¥4.80bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.5% | 10.5% | 14.5% | 39.6% | 66.3% | 58.2% |
| Operating margin | 29.8% | 8.9% | 13.9% | 36.6% | 62.8% | 53.8% |
| Net margin | 16.3% | 6.9% | 9.4% | 26.7% | 42.8% | 36.7% |
| Return on equity | 6.0% | 8.0% | 8.9% | 13.9% | 25.2% | 21.4% |
| Return on assets | 1.8% | 2.3% | 3.6% | 7.5% | 12.9% | 9.3% |
| Free cash flow yield | 94.4% | 165.1% | 161.6% | 66.6% | 44.4% | 37.2% |
| Revenue growth | -67.1% | 25.2% | 91.3% | 46.9% | 18.1% | 3.5% |
| Earnings growth | -22.4% | -7.7% | -32.8% | -8.4% | 37.5% | 4.2% |
| Current ratio | 0.47x | 0.42x | 1.11x | 2.18x | 0.92x | 0.65x |
| Debt to equity | 1.76x | 1.74x | 1.20x | 0.67x | 0.76x | 1.12x |
| Equity ratio | 30.5% | 28.9% | 40.8% | 53.9% | 51.1% | 43.2% |
| Interest coverage | 2.58x | 8.54x | 11.45x | 11.20x | 9.83x | 7.91x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.6% | 6.5% | 8.4% |
| Operating income | -9.0% | -5.4% | 2.9% |
| Net income | -17.4% | -9.5% | 4.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.2% | 20.0% | 27.5% | 36.7% |
| Operating margin | 14.8% | 17.6% | 24.9% | 33.3% |
| Net margin | 9.5% | 12.2% | 17.1% | 21.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.6 | 10.4 | 7.8 | 7.4 | 8.0 | 5.6 | 6.1 | 7.9 |
| Price to sales | 1.4 | 0.7 | 0.7 | 2.0 | 3.4 | 2.1 | 2.2 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 2 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.119 | 0.109 | 0.164 | 0.197 | 0.211 | 0.217 | 0.178 | 0.146 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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