I 
86.45
+0.12%
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¥15.18bn
FY2016FY2025
Net income
CN¥946.8m
FY2016FY2025
Free cash flow
CN¥10.84bn
FY2016FY2025
Shareholders' equity
CN¥22.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.18bn | CN¥9.42bn | CN¥6.21bn | CN¥5.30bn | CN¥4.97bn | CN¥3.84bn | CN¥1.05bn | CN¥9.5m | CN¥18.5m | CN¥32.1m |
| Research and development | CN¥3.05bn | CN¥2.68bn | CN¥2.23bn | CN¥3.34bn | CN¥2.88bn | CN¥1.85bn | CN¥1.29bn | CN¥1.22bn | CN¥611.9m | CN¥384.7m |
| Operating income | CN¥853.8m | −CN¥755.9m | −CN¥1.68bn | −CN¥3.63bn | −CN¥3.48bn | −CN¥790.4m | −CN¥1.66bn | −CN¥5.80bn | −CN¥750.1m | −CN¥495.2m |
| Net income | CN¥946.8m | −CN¥94.6m | −CN¥1.03bn | −CN¥2.54bn | −CN¥3.65bn | −CN¥998.4m | −CN¥1.72bn | −CN¥5.77bn | −CN¥562.3m | −CN¥504.2m |
| Diluted earnings per share | 0.53 | -0.06 | -0.65 | -1.67 | -2.50 | -0.71 | -1.36 | -11.02 | -5.54 | -0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥43.48bn | CN¥25.14bn | CN¥24.01bn | CN¥20.47bn | CN¥18.90bn | CN¥11.83bn | CN¥7.23bn | CN¥6.11bn | CN¥2.46bn | CN¥2.82bn |
| Cash and short-term investments | CN¥21.23bn | CN¥9.17bn | CN¥12.77bn | CN¥10.67bn | CN¥10.49bn | CN¥8.12bn | CN¥4.70bn | CN¥4.53bn | CN¥1.32bn | CN¥1.80bn |
| Total liabilities | CN¥20.02bn | CN¥9.87bn | CN¥9.43bn | CN¥7.98bn | CN¥6.88bn | CN¥3.06bn | CN¥2.47bn | CN¥1.92bn | CN¥4.08bn | CN¥3.77bn |
| Debt | CN¥3.29bn | CN¥2.83bn | CN¥3.62bn | CN¥3.23bn | CN¥2.50bn | CN¥1.21bn | CN¥865.1m | CN¥792.0m | CN¥510.0m | CN¥500.0m |
| Shareholders' equity | CN¥22.54bn | CN¥15.27bn | CN¥14.58bn | CN¥12.49bn | CN¥12.02bn | CN¥8.78bn | CN¥4.76bn | CN¥4.19bn | −CN¥1.94bn | −CN¥1.38bn |
| Shares outstanding | 1,788m | 1,632m | 1,584m | 1,515m | 1,461m | 1,403m | 1,263m | 524m | 102m | 1,118m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥11.64bn | CN¥1.29bn | CN¥172.0m | −CN¥2.23bn | −CN¥2.36bn | −CN¥307.7m | −CN¥1.66bn | −CN¥1.02bn | −CN¥492.3m | −CN¥363.0m |
| Capital spending | −CN¥795.2m | −CN¥1.71bn | −CN¥1.61bn | −CN¥1.61bn | −CN¥2.15bn | −CN¥771.8m | −CN¥365.9m | −CN¥312.7m | −CN¥91.0m | −CN¥58.4m |
| Free cash flow | CN¥10.84bn | −CN¥418.4m | −CN¥1.44bn | −CN¥3.84bn | −CN¥4.51bn | −CN¥1.08bn | −CN¥2.03bn | −CN¥1.33bn | −CN¥583.2m | −CN¥421.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.89bn | CN¥8.25bn | CN¥6.93bn | CN¥5.47bn | CN¥3.95bn | CN¥3.50bn | CN¥3.14bn | CN¥2.70bn |
| Operating income | CN¥2.19bn | −CN¥9.8m | CN¥863.6m | −CN¥15.2m | −CN¥740.7m | −CN¥960.5m | −CN¥836.6m | −CN¥1.95bn |
| Net income | CN¥1.44bn | −CN¥24.2m | CN¥971.0m | CN¥298.0m | −CN¥392.6m | −CN¥888.8m | −CN¥161.9m | −CN¥1.43bn |
| Diluted earnings per share | 0.80 | -0.01 | 0.54 | 0.18 | -0.24 | -0.56 | -0.10 | -0.94 |
| Cash from operations | — | CN¥11.24bn | CN¥504.0m | CN¥1.50bn | −CN¥215.0m | CN¥896.0m | −CN¥724.0m | −CN¥1.29bn |
| Capital spending | — | −CN¥265.0m | −CN¥48.0m | −CN¥266.0m | −CN¥699.0m | −CN¥606.0m | −CN¥695.0m | −CN¥544.0m |
| Free cash flow | — | CN¥10.98bn | CN¥456.0m | CN¥1.24bn | −CN¥914.0m | CN¥290.0m | −CN¥1.42bn | −CN¥1.84bn |
| Total assets | CN¥48.42bn | CN¥43.48bn | CN¥27.46bn | CN¥21.60bn | CN¥20.30bn | CN¥20.63bn | CN¥20.83bn | CN¥20.47bn |
| Cash and short-term investments | CN¥23.27bn | CN¥21.23bn | CN¥11.10bn | CN¥7.88bn | CN¥8.63bn | CN¥10.97bn | CN¥8.90bn | CN¥9.62bn |
| Debt | CN¥641.3m | CN¥3.29bn | CN¥3.93bn | CN¥2.83bn | CN¥3.35bn | CN¥3.62bn | CN¥4.02bn | CN¥3.76bn |
| Shareholders' equity | CN¥24.14bn | CN¥22.54bn | CN¥16.78bn | CN¥13.12bn | CN¥12.43bn | CN¥12.53bn | CN¥12.55bn | CN¥12.49bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.6% | -8.0% | -27.1% | -68.5% | -70.0% | -20.6% |
| Net margin | 6.2% | -1.0% | -16.6% | -47.8% | -73.5% | -26.0% |
| Return on equity | 4.2% | -0.7% | -8.2% | -20.3% | -30.4% | -11.4% |
| Return on assets | 2.2% | -0.4% | -5.0% | -12.4% | -19.3% | -8.4% |
| Free cash flow yield | 5.9% | 1.8% | 1.0% | -0.3% | -0.1% | 0.3% |
| Revenue growth | 38.4% | 51.8% | 36.2% | 6.7% | 11.1% | 266.9% |
| Earnings growth | -959.7% | -90.8% | -52.8% | -30.6% | 214.3% | -42.0% |
| Current ratio | 2.62x | 2.35x | 3.00x | 3.29x | 3.79x | 6.37x |
| Debt to equity | 0.14x | 0.22x | 0.28x | 0.29x | 0.23x | 0.13x |
| Equity ratio | 51.8% | 60.7% | 60.7% | 61.0% | 63.6% | 74.2% |
| Interest coverage | 9.46x | -11.17x | -17.03x | -30.71x | -47.84x | -11.56x |
| R&D as a share of sales | 20.1% | 28.5% | 35.9% | 63.0% | 58.0% | 48.2% |
| Buybacks as a share of market value | -9.5% | -3.0% | -4.5% | -3.7% | -4.1% | -11.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 42.0% | 31.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 126.6 | -555.3 | -58.0 | -17.6 | -17.0 | -101.4 | -17.1 | -1.9 |
| Price to sales | 7.9 | 5.6 | 9.6 | 8.4 | 12.5 | 26.3 | 28.1 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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