T 
2.94
-1.01%
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¥7.56bn
FY2016FY2025
Net income
CN¥462.2m
FY2016FY2025
Free cash flow
CN¥1.69bn
FY2016FY2025
Shareholders' equity
CN¥8.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.56bn | CN¥8.47bn | CN¥7.90bn | CN¥6.99bn | CN¥6.30bn | CN¥5.37bn | CN¥5.22bn | CN¥5.90bn | CN¥5.86bn | CN¥5.44bn |
| Gross profit | CN¥2.88bn | CN¥3.36bn | CN¥3.32bn | CN¥3.02bn | CN¥2.67bn | CN¥2.41bn | CN¥2.40bn | CN¥2.83bn | CN¥2.95bn | CN¥2.76bn |
| Research and development | CN¥96.5m | CN¥98.9m | CN¥137.1m | CN¥91.5m | CN¥57.0m | CN¥76.5m | CN¥33.0m | CN¥32.5m | CN¥32.2m | CN¥27.0m |
| Operating income | CN¥935.7m | CN¥1.15bn | CN¥1.30bn | CN¥1.42bn | CN¥1.26bn | CN¥1.10bn | CN¥1.09bn | CN¥1.40bn | CN¥1.36bn | CN¥1.17bn |
| Net income | CN¥462.2m | CN¥608.7m | CN¥688.4m | CN¥679.9m | CN¥591.7m | CN¥545.4m | CN¥487.2m | CN¥790.7m | CN¥777.6m | CN¥694.8m |
| Diluted earnings per share | 0.36 | 0.48 | 0.54 | 0.53 | 0.46 | 0.43 | 0.38 | 0.62 | 0.61 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.00bn | CN¥16.81bn | CN¥15.76bn | CN¥14.56bn | CN¥13.52bn | CN¥12.76bn | CN¥12.21bn | CN¥11.40bn | CN¥10.35bn | CN¥9.55bn |
| Cash and short-term investments | CN¥5.64bn | CN¥5.11bn | CN¥4.94bn | CN¥4.88bn | CN¥4.53bn | CN¥4.07bn | CN¥4.59bn | CN¥4.29bn | CN¥3.58bn | CN¥3.72bn |
| Total liabilities | CN¥3.89bn | CN¥4.95bn | CN¥4.50bn | CN¥4.05bn | CN¥4.01bn | CN¥3.72bn | CN¥3.56bn | CN¥2.91bn | CN¥2.82bn | CN¥2.68bn |
| Debt | CN¥2.34bn | CN¥2.43bn | CN¥1.63bn | CN¥1.59bn | CN¥1.64bn | CN¥1.69bn | CN¥1.46bn | CN¥1.11bn | CN¥1.13bn | CN¥1.13bn |
| Shareholders' equity | CN¥8.57bn | CN¥8.41bn | CN¥8.04bn | CN¥7.56bn | CN¥6.97bn | CN¥6.69bn | CN¥6.45bn | CN¥6.20bn | CN¥5.62bn | CN¥5.14bn |
| Shares outstanding | 1,281m | 1,281m | 1,281m | 1,281m | 1,281m | 1,281m | 1,281m | 1,281m | 1,281m | 1,281m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.82bn | CN¥18.2m | CN¥646.4m | CN¥844.3m | CN¥1.21bn | CN¥508.4m | CN¥1.23bn | CN¥1.15bn | CN¥793.0m | CN¥478.3m |
| Capital spending | −CN¥136.3m | −CN¥203.2m | −CN¥120.6m | −CN¥184.2m | −CN¥182.4m | −CN¥636.8m | −CN¥245.5m | −CN¥416.2m | −CN¥480.1m | −CN¥506.4m |
| Free cash flow | CN¥1.69bn | −CN¥185.0m | CN¥525.8m | CN¥660.1m | CN¥1.02bn | −CN¥128.4m | CN¥981.4m | CN¥733.1m | CN¥312.9m | −CN¥28.1m |
| Dividends paid | −CN¥266.3m | −CN¥266.3m | −CN¥236.7m | −CN¥239.0m | −CN¥239.0m | −CN¥239.0m | −CN¥268.9m | −CN¥254.0m | −CN¥239.0m | −CN¥224.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.48bn | CN¥3.20bn | CN¥4.36bn | CN¥3.74bn | CN¥4.72bn | CN¥3.30bn | CN¥4.60bn | CN¥3.47bn |
| Gross profit | CN¥1.25bn | CN¥1.21bn | CN¥1.66bn | CN¥1.56bn | CN¥1.79bn | CN¥1.49bn | CN¥1.83bn | CN¥1.51bn |
| Operating income | CN¥493.6m | CN¥271.0m | CN¥664.6m | CN¥411.9m | CN¥737.3m | CN¥554.8m | CN¥747.3m | CN¥761.7m |
| Net income | CN¥286.6m | CN¥67.2m | CN¥395.0m | CN¥108.5m | CN¥500.1m | CN¥259.0m | CN¥429.4m | CN¥308.6m |
| Diluted earnings per share | 0.22 | 0.05 | 0.31 | 0.08 | 0.39 | 0.20 | 0.34 | 0.24 |
| Cash from operations | CN¥914.0m | CN¥539.0m | CN¥1.31bn | CN¥546.0m | −CN¥528.0m | −CN¥323.0m | CN¥1.08bn | CN¥200.0m |
| Capital spending | −CN¥35.0m | −CN¥72.0m | −CN¥63.0m | −CN¥107.0m | −CN¥96.0m | −CN¥43.0m | −CN¥80.0m | −CN¥114.0m |
| Free cash flow | CN¥879.0m | CN¥467.0m | CN¥1.24bn | CN¥439.0m | −CN¥624.0m | −CN¥366.0m | CN¥996.0m | CN¥86.0m |
| Total assets | CN¥15.57bn | CN¥16.00bn | CN¥16.96bn | CN¥16.81bn | CN¥16.67bn | CN¥15.76bn | CN¥15.26bn | CN¥14.56bn |
| Cash and short-term investments | CN¥5.84bn | CN¥5.64bn | CN¥6.00bn | CN¥5.11bn | CN¥5.09bn | CN¥4.94bn | CN¥5.77bn | CN¥4.88bn |
| Debt | CN¥831.8m | CN¥2.34bn | CN¥2.82bn | CN¥2.83bn | CN¥2.81bn | CN¥1.90bn | CN¥1.93bn | CN¥1.86bn |
| Shareholders' equity | CN¥8.52bn | CN¥8.57bn | CN¥8.51bn | CN¥8.41bn | CN¥8.28bn | CN¥8.04bn | CN¥7.81bn | CN¥7.56bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 38.0% | 39.6% | 42.0% | 43.3% | 42.4% | 44.9% |
| Operating margin | 12.4% | 13.6% | 16.5% | 20.2% | 20.0% | 20.5% |
| Net margin | 6.1% | 7.2% | 8.7% | 9.7% | 9.4% | 10.1% |
| Return on equity | 5.4% | 7.2% | 8.6% | 9.0% | 8.5% | 8.2% |
| Return on assets | 2.9% | 3.6% | 4.4% | 4.7% | 4.4% | 4.3% |
| Free cash flow yield | 42.2% | 4.8% | 16.5% | 22.2% | 29.9% | 24.7% |
| Revenue growth | -10.7% | 7.2% | 13.0% | 11.0% | 17.2% | 2.9% |
| Earnings growth | -24.1% | -11.6% | 1.3% | 14.9% | 8.5% | 11.9% |
| Current ratio | 5.72x | 3.81x | 4.49x | 4.42x | 3.31x | 3.04x |
| Debt to equity | 0.26x | 0.33x | 0.22x | 0.23x | 0.26x | 0.27x |
| Equity ratio | 53.5% | 50.0% | 51.0% | 51.9% | 51.6% | 52.4% |
| Interest coverage | 13.58x | 15.28x | 24.78x | 22.55x | 17.47x | 18.30x |
| R&D as a share of sales | 1.3% | 1.2% | 1.7% | 1.3% | 0.9% | 1.4% |
| 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 | 2.7% | 7.1% | 4.8% |
| Operating income | -12.9% | -3.2% | -0.9% |
| Net income | -12.1% | -3.3% | -3.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.9% | 40.7% | 41.5% | 44.4% |
| Operating margin | 13.0% | 15.5% | 16.8% | 18.9% |
| Net margin | 6.7% | 7.9% | 8.4% | 10.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.0 | 10.3 | 11.1 | 9.7 | 16.6 | 11.4 | 20.1 | 16.6 | 18.6 | 26.5 |
| Price to sales | 0.7 | 0.7 | 1.0 | 0.9 | 1.6 | 1.2 | 1.9 | 2.2 | 2.5 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 16 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.207 | 0.197 | 0.228 | 0.176 | 0.187 | 0.194 | 0.175 | 0.205 |
- 2-for-1 split · 17 Jun 2014
- 3-for-1 split · 11 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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