A 
3.08
-2.53%
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¥7.32bn
FY2016FY2025
Net income
CN¥132.2m
FY2016FY2025
Free cash flow
CN¥396.3m
FY2016FY2025
Shareholders' equity
CN¥7.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.32bn | CN¥6.65bn | CN¥7.89bn | CN¥8.99bn | CN¥8.01bn | CN¥6.02bn | CN¥5.72bn | CN¥5.21bn | CN¥4.95bn | CN¥4.86bn |
| Gross profit | CN¥2.49bn | CN¥2.48bn | CN¥2.98bn | CN¥3.42bn | CN¥3.07bn | CN¥2.30bn | CN¥2.13bn | CN¥1.88bn | CN¥1.67bn | CN¥1.67bn |
| Research and development | CN¥1.01bn | CN¥905.2m | CN¥1.09bn | CN¥1.29bn | CN¥1.17bn | CN¥840.2m | CN¥862.4m | CN¥584.7m | CN¥430.2m | CN¥636.6m |
| Operating income | CN¥158.4m | CN¥571.0m | CN¥814.5m | CN¥960.9m | CN¥894.1m | CN¥633.3m | CN¥481.6m | CN¥380.3m | CN¥518.7m | CN¥187.8m |
| Net income | CN¥132.2m | CN¥544.9m | CN¥533.0m | CN¥966.8m | CN¥913.2m | CN¥662.1m | CN¥408.8m | CN¥204.1m | CN¥328.8m | −CN¥211.4m |
| Diluted earnings per share | 0.14 | 0.58 | 0.57 | 1.07 | 0.98 | 0.79 | 0.56 | 0.28 | 0.53 | -0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.17bn | CN¥12.20bn | CN¥13.11bn | CN¥12.13bn | CN¥11.05bn | CN¥8.87bn | CN¥7.54bn | CN¥8.00bn | CN¥8.26bn | CN¥8.42bn |
| Cash and short-term investments | CN¥2.10bn | CN¥2.12bn | CN¥3.74bn | CN¥3.36bn | CN¥3.56bn | CN¥2.93bn | CN¥1.81bn | CN¥2.03bn | CN¥1.45bn | CN¥1.60bn |
| Total liabilities | CN¥3.72bn | CN¥4.48bn | CN¥5.44bn | CN¥4.22bn | CN¥3.90bn | CN¥3.32bn | CN¥3.63bn | CN¥4.76bn | CN¥5.22bn | CN¥5.83bn |
| Debt | CN¥213.7m | CN¥83.1m | CN¥177.4m | CN¥202.6m | CN¥137.9m | CN¥300.9m | CN¥670.0m | CN¥1.92bn | CN¥1.75bn | CN¥2.28bn |
| Shareholders' equity | CN¥7.51bn | CN¥7.77bn | CN¥7.69bn | CN¥7.90bn | CN¥7.15bn | CN¥5.56bn | CN¥3.91bn | CN¥3.24bn | CN¥3.02bn | CN¥2.56bn |
| Shares outstanding | 934m | 935m | 932m | 900m | 936m | 839m | 726m | 728m | 624m | 714m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥461.3m | −CN¥103.5m | CN¥675.8m | CN¥638.2m | CN¥791.8m | CN¥710.4m | CN¥546.3m | CN¥583.3m | CN¥510.4m | CN¥221.8m |
| Capital spending | −CN¥65.0m | −CN¥100.5m | −CN¥113.8m | −CN¥57.1m | −CN¥42.3m | −CN¥42.9m | −CN¥32.4m | −CN¥67.8m | −CN¥11.9m | −CN¥37.2m |
| Free cash flow | CN¥396.3m | −CN¥204.0m | CN¥562.1m | CN¥581.1m | CN¥749.6m | CN¥667.5m | CN¥513.9m | CN¥515.5m | CN¥498.5m | CN¥184.6m |
| Dividends paid | −CN¥460.4m | −CN¥874.7m | −CN¥393.9m | −CN¥383.1m | −CN¥307.1m | −CN¥167.5m | −CN¥167.5m | −CN¥167.5m | −CN¥167.5m | −CN¥445.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.52bn | CN¥4.31bn | CN¥2.60bn | CN¥3.65bn | CN¥2.99bn | CN¥4.61bn | CN¥3.81bn | CN¥5.38bn |
| Gross profit | CN¥554.7m | CN¥1.58bn | CN¥783.0m | CN¥1.75bn | CN¥738.3m | CN¥1.83bn | CN¥1.33bn | CN¥2.19bn |
| Operating income | −CN¥631.8m | CN¥457.7m | −CN¥257.6m | CN¥679.5m | −CN¥108.5m | CN¥657.7m | CN¥182.2m | CN¥809.1m |
| Net income | −CN¥546.8m | CN¥362.6m | −CN¥198.3m | CN¥604.4m | −CN¥59.5m | CN¥317.3m | CN¥250.7m | CN¥743.9m |
| Diluted earnings per share | -0.61 | 0.39 | -0.21 | 0.65 | -0.06 | 0.34 | 0.27 | 0.83 |
| Cash from operations | −CN¥647.0m | CN¥1.13bn | −CN¥594.0m | CN¥815.0m | −CN¥919.0m | CN¥1.22bn | −CN¥546.0m | CN¥1.27bn |
| Capital spending | −CN¥9.0m | −CN¥20.0m | −CN¥40.0m | −CN¥46.0m | −CN¥54.0m | −CN¥96.0m | −CN¥17.0m | −CN¥33.0m |
| Free cash flow | −CN¥656.0m | CN¥1.11bn | −CN¥634.0m | CN¥769.0m | −CN¥973.0m | CN¥1.13bn | −CN¥563.0m | CN¥1.24bn |
| Total assets | CN¥10.50bn | CN¥11.17bn | CN¥10.82bn | CN¥12.20bn | CN¥11.63bn | CN¥11.28bn | CN¥11.70bn | CN¥12.13bn |
| Cash and short-term investments | CN¥1.36bn | CN¥2.10bn | CN¥895.9m | CN¥2.12bn | CN¥1.81bn | CN¥3.22bn | CN¥2.61bn | CN¥3.36bn |
| Debt | CN¥290.6m | CN¥136.8m | CN¥168.0m | CN¥184.4m | CN¥79.2m | CN¥202.0m | CN¥212.2m | CN¥237.1m |
| Shareholders' equity | CN¥6.94bn | CN¥7.51bn | CN¥7.21bn | CN¥7.77bn | CN¥7.17bn | CN¥6.62bn | CN¥7.88bn | CN¥7.90bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.1% | 37.4% | 37.7% | 38.0% | 38.4% | 38.3% |
| Operating margin | 2.2% | 9.0% | 10.3% | 10.7% | 11.2% | 10.5% |
| Net margin | 1.8% | 8.2% | 6.8% | 10.8% | 11.4% | 11.0% |
| Return on equity | 1.8% | 8.2% | 8.1% | 12.2% | 12.8% | 11.9% |
| Return on assets | 1.2% | 5.2% | 4.7% | 8.0% | 8.3% | 7.5% |
| Free cash flow yield | 12.9% | -0.1% | 19.3% | 17.6% | 20.3% | 23.8% |
| Revenue growth | -5.2% | -15.8% | 2.0% | 12.2% | 14.5% | 5.2% |
| Earnings growth | -79.1% | 2.2% | -35.9% | 5.9% | 18.7% | 62.0% |
| Current ratio | 2.35x | 2.21x | 1.96x | 2.16x | 2.10x | 1.95x |
| Debt to equity | 0.03x | 0.01x | 0.01x | 0.01x | 0.01x | 0.03x |
| Equity ratio | 67.2% | 63.6% | 58.6% | 65.1% | 64.7% | 62.6% |
| Interest coverage | 16.90x | 59.29x | 54.88x | 81.08x | 72.82x | 32.28x |
| R&D as a share of sales | 13.8% | 13.6% | 13.9% | 14.3% | 14.6% | 14.0% |
| Buybacks as a share of market value | 0.2% | -0.3% | -3.6% | 3.9% | -11.6% | -15.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.6% | 4.0% | 2.8% |
| Operating income | -45.2% | -24.2% | -10.4% |
| Net income | -48.5% | -27.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.6% | 36.8% | 37.3% | 36.8% |
| Operating margin | 5.2% | 8.1% | 9.0% | 8.5% |
| Net margin | 4.8% | 7.1% | 8.4% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 46.3 | 9.4 | 13.0 | 11.1 | 11.3 | 12.2 | 13.6 | 31.4 |
| Price to sales | 0.8 | 0.8 | 0.9 | 1.2 | 1.3 | 1.3 | 1.0 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 1 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.047 | 0.252 | 0.412 | 1.001 | 0.416 | 0.345 | 0.252 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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