Z 
17.65
+1.38%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥18.06bn
FY2016FY2025
Net income
CN¥3.61bn
FY2016FY2025
Free cash flow
CN¥3.14bn
FY2016FY2025
Shareholders' equity
CN¥19.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥18.06bn | CN¥11.55bn | CN¥8.42bn | CN¥9.18bn | CN¥7.98bn | CN¥8.90bn | CN¥7.37bn | CN¥8.35bn | CN¥7.77bn | CN¥7.76bn |
| Gross profit | CN¥7.57bn | CN¥4.52bn | CN¥3.24bn | CN¥3.09bn | CN¥3.13bn | CN¥4.21bn | CN¥2.67bn | CN¥2.89bn | CN¥3.07bn | CN¥3.18bn |
| Research and development | — | CN¥151,000 | CN¥928,000 | CN¥1.1m | CN¥1.1m | CN¥3.6m | CN¥2.7m | CN¥9.3m | CN¥6.5m | CN¥5.8m |
| Operating income | CN¥5.86bn | CN¥3.03bn | CN¥1.90bn | CN¥1.45bn | CN¥825.1m | CN¥2.38bn | CN¥1.26bn | CN¥1.32bn | CN¥1.54bn | CN¥1.47bn |
| Net income | CN¥3.61bn | CN¥1.45bn | CN¥686.4m | CN¥467.8m | CN¥39.2m | CN¥1.22bn | CN¥557.8m | CN¥552.0m | CN¥749.5m | CN¥411.2m |
| Diluted earnings per share | 1.02 | 0.43 | 0.22 | 0.15 | 0.01 | 0.37 | 0.17 | 0.17 | 0.21 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥57.31bn | CN¥62.35bn | CN¥54.55bn | CN¥53.41bn | CN¥50.08bn | CN¥46.20bn | CN¥46.85bn | CN¥41.77bn | CN¥39.36bn | CN¥38.37bn |
| Cash and short-term investments | CN¥6.23bn | CN¥4.18bn | CN¥5.16bn | CN¥5.95bn | CN¥4.94bn | CN¥3.33bn | CN¥4.73bn | CN¥2.03bn | CN¥2.47bn | CN¥2.48bn |
| Total liabilities | CN¥33.50bn | CN¥33.03bn | CN¥28.66bn | CN¥30.08bn | CN¥27.11bn | CN¥26.34bn | CN¥26.64bn | CN¥22.21bn | CN¥19.84bn | CN¥21.92bn |
| Debt | CN¥19.06bn | CN¥20.05bn | CN¥17.79bn | CN¥18.81bn | CN¥16.91bn | CN¥17.45bn | CN¥18.51bn | CN¥14.70bn | CN¥13.19bn | CN¥14.12bn |
| Shareholders' equity | CN¥19.40bn | CN¥24.66bn | CN¥21.95bn | CN¥19.33bn | CN¥18.98bn | CN¥15.77bn | CN¥16.24bn | CN¥15.48bn | CN¥15.36bn | CN¥13.06bn |
| Shares outstanding | 3,543m | 3,403m | 3,119m | 3,132m | 3,935m | 3,270m | 3,270m | 3,221m | 3,651m | 2,966m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.85bn | CN¥2.38bn | CN¥2.13bn | CN¥806.6m | CN¥3.26bn | CN¥4.23bn | CN¥2.07bn | CN¥1.99bn | CN¥1.24bn | CN¥2.17bn |
| Capital spending | −CN¥2.71bn | −CN¥2.06bn | −CN¥2.09bn | −CN¥1.70bn | −CN¥2.78bn | −CN¥1.66bn | −CN¥2.10bn | −CN¥2.27bn | −CN¥1.61bn | −CN¥2.03bn |
| Free cash flow | CN¥3.14bn | CN¥318.5m | CN¥45.4m | −CN¥894.0m | CN¥488.8m | CN¥2.57bn | −CN¥32.3m | −CN¥284.4m | −CN¥364.2m | CN¥135.1m |
| Dividends paid | −CN¥705.6m | −CN¥337.4m | −CN¥387.8m | −CN¥308.7m | −CN¥578.4m | −CN¥506.3m | −CN¥210.0m | −CN¥365.5m | −CN¥359.1m | −CN¥260.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.90bn | CN¥11.08bn | CN¥7.86bn | CN¥6.92bn | CN¥3.46bn | CN¥4.63bn | CN¥1.98bn | CN¥4.98bn |
| Gross profit | CN¥4.29bn | CN¥4.52bn | CN¥3.04bn | CN¥2.53bn | CN¥1.27bn | CN¥1.98bn | CN¥834.0m | CN¥1.52bn |
| Operating income | CN¥3.36bn | CN¥3.55bn | −CN¥2.01bn | CN¥1.64bn | CN¥818.9m | CN¥1.40bn | CN¥467.5m | CN¥1.28bn |
| Net income | CN¥1.56bn | CN¥2.17bn | CN¥1.56bn | CN¥898.0m | CN¥449.0m | CN¥552.8m | CN¥221.4m | CN¥642.2m |
| Diluted earnings per share | 0.44 | 0.61 | 0.44 | 0.26 | 0.13 | 0.16 | 0.07 | 0.21 |
| Cash from operations | — | CN¥3.90bn | CN¥1.33bn | CN¥2.78bn | — | −CN¥402.0m | CN¥281.0m | CN¥2.81bn |
| Capital spending | — | −CN¥1.74bn | −CN¥483.0m | −CN¥1.09bn | — | −CN¥974.0m | −CN¥464.0m | −CN¥1.06bn |
| Free cash flow | — | CN¥2.17bn | CN¥846.0m | CN¥1.70bn | — | −CN¥1.38bn | −CN¥183.0m | CN¥1.75bn |
| Total assets | CN¥61.03bn | CN¥57.31bn | CN¥67.82bn | CN¥53.57bn | CN¥53.57bn | CN¥52.56bn | CN¥49.03bn | CN¥46.87bn |
| Cash and short-term investments | CN¥8.35bn | CN¥6.23bn | CN¥6.42bn | CN¥3.59bn | CN¥3.59bn | CN¥3.51bn | CN¥6.58bn | CN¥4.44bn |
| Debt | CN¥10.65bn | CN¥19.06bn | CN¥23.79bn | CN¥20.05bn | CN¥9.57bn | CN¥20.60bn | CN¥5.50bn | CN¥17.79bn |
| Shareholders' equity | CN¥20.19bn | CN¥19.40bn | CN¥27.32bn | CN¥21.18bn | CN¥21.18bn | CN¥20.54bn | CN¥18.64bn | CN¥18.86bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 41.9% | 39.1% | 38.5% | 33.7% | 39.2% | 47.3% | — |
| Operating margin | 29.8% | 26.3% | 22.5% | 15.8% | 10.3% | 26.8% | — |
| Net margin | 20.0% | 12.6% | 8.1% | 5.1% | 0.5% | 13.8% | — |
| Return on equity | 18.6% | 6.8% | 3.6% | 2.4% | 0.2% | 7.8% | — |
| Return on assets | 6.3% | 2.7% | 1.5% | 0.9% | 0.1% | 2.7% | — |
| Free cash flow yield | 11.0% | 5.9% | 5.3% | 3.1% | 6.0% | 7.0% | — |
| Revenue growth | 56.3% | 37.1% | 6.8% | 15.0% | -10.3% | 20.8% | — |
| Earnings growth | 149.1% | 111.4% | 70.8% | 1092.8% | -96.8% | 119.5% | — |
| Current ratio | 1.14x | 0.96x | 1.06x | 0.83x | 0.74x | 0.66x | — |
| Debt to equity | 0.98x | 0.94x | 0.94x | 1.13x | 1.04x | 1.28x | — |
| Equity ratio | 33.9% | 39.5% | 40.2% | 36.2% | 37.9% | 34.1% | — |
| Interest coverage | 11.08x | 6.76x | 3.30x | 2.47x | 1.17x | 2.93x | — |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -4.1% | -9.1% | 0.4% | 20.4% | -20.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.3% | 15.2% | 10.2% |
| Operating income | 59.4% | 19.7% | 16.7% |
| Net income | 97.7% | 24.2% | 26.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.8% | 39.0% | 40.2% | 39.3% |
| Operating margin | 30.1% | 25.9% | 24.1% | 21.8% |
| Net margin | 17.1% | 13.2% | 11.7% | 9.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.0 | 22.3 | 38.2 | 50.3 | — | 21.5 | 43.7 | 40.1 | 25.5 | 41.6 |
| Price to sales | 5.2 | 2.8 | 3.1 | 2.6 | 2.8 | 3.0 | 3.3 | 2.6 | 2.5 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.115 | 0.055 | 0.054 | 0.044 | 0.061 | 0.044 | 0.04 | 0.074 |
- 2-for-1 split · 12 May 2011
- 2-for-1 split · 15 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.