V 
1.32
-1.49%
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¥2.02bn
FY2016FY2025
Net income
CN¥256.3m
FY2016FY2025
Free cash flow
CN¥102.6m
FY2016FY2025
Shareholders' equity
CN¥4.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.02bn | CN¥1.99bn | CN¥2.16bn | CN¥2.38bn | CN¥2.45bn | CN¥697.0m | CN¥323.1m | CN¥210.0m | CN¥148.2m | CN¥96.5m |
| Research and development | CN¥117.1m | CN¥88.0m | CN¥128.0m | CN¥135.8m | CN¥107.7m | CN¥66.0m | CN¥45.0m | CN¥25.3m | CN¥17.3m | CN¥16.8m |
| Operating income | CN¥225.3m | CN¥229.7m | CN¥192.7m | CN¥269.3m | CN¥276.2m | CN¥115.6m | CN¥54.3m | CN¥50.6m | CN¥52.8m | CN¥28.4m |
| Net income | CN¥256.3m | CN¥167.3m | −CN¥116.1m | −CN¥528.5m | CN¥335.3m | −CN¥386.9m | CN¥265.9m | CN¥90.5m | CN¥76.3m | CN¥24.5m |
| Diluted earnings per share | 0.12 | 0.05 | -0.05 | -0.28 | 0.17 | -0.20 | 0.17 | 0.08 | 0.05 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.40bn | CN¥8.22bn | CN¥8.69bn | CN¥9.24bn | CN¥9.38bn | CN¥8.15bn | CN¥1.90bn | CN¥529.3m | CN¥202.4m | CN¥101.8m |
| Cash and short-term investments | CN¥1.32bn | CN¥1.10bn | CN¥1.21bn | CN¥791.3m | CN¥934.0m | CN¥2.36bn | CN¥933.7m | CN¥155.6m | CN¥33.3m | CN¥13.4m |
| Total liabilities | CN¥3.72bn | CN¥3.77bn | CN¥4.39bn | CN¥5.03bn | CN¥4.82bn | CN¥4.40bn | CN¥121.4m | CN¥277.9m | CN¥49.6m | CN¥25.3m |
| Debt | CN¥1.55bn | CN¥1.28bn | CN¥1.91bn | CN¥2.82bn | CN¥2.65bn | CN¥2.97bn | CN¥49.4m | CN¥2.4m | CN¥14.9m | CN¥3.5m |
| Shareholders' equity | CN¥4.66bn | CN¥4.43bn | CN¥4.30bn | CN¥4.20bn | CN¥4.56bn | CN¥3.76bn | CN¥1.78bn | CN¥251.4m | CN¥152.8m | CN¥76.5m |
| Shares outstanding | 2,170m | 3,595m | 2,140m | 1,915m | 2,008m | 1,912m | 1,562m | 1,203m | 1,500m | 1,500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥240.3m | CN¥374.0m | CN¥447.1m | CN¥450.2m | CN¥90.8m | CN¥43.2m | CN¥46.0m | CN¥12.1m | CN¥27.9m | CN¥21.1m |
| Capital spending | −CN¥137.6m | −CN¥191.7m | −CN¥219.0m | −CN¥290.7m | −CN¥659.0m | −CN¥592.6m | −CN¥56.2m | −CN¥46.9m | −CN¥18.9m | −CN¥7.3m |
| Free cash flow | CN¥102.6m | CN¥182.3m | CN¥228.0m | CN¥159.4m | −CN¥568.3m | −CN¥549.4m | −CN¥10.2m | −CN¥34.8m | CN¥9.0m | CN¥13.8m |
| Dividends paid | — | — | — | — | −CN¥19.0m | −CN¥51.8m | −CN¥135.8m | −CN¥15.1m | −CN¥15.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.16bn | CN¥1.05bn | CN¥970.0m | CN¥1.00bn | CN¥981.8m | CN¥1.01bn | CN¥1.33bn | CN¥1.48bn |
| Operating income | CN¥131.3m | CN¥90.3m | CN¥135.0m | CN¥108.1m | CN¥121.6m | CN¥67.3m | CN¥145.6m | CN¥192.6m |
| Net income | CN¥92.1m | CN¥114.2m | CN¥142.0m | CN¥50.5m | CN¥116.8m | −CN¥117.1m | CN¥1.2m | −CN¥509.9m |
| Diluted earnings per share | 0.04 | 0.05 | 0.07 | 0.01 | 0.03 | -0.05 | 0.00 | -0.27 |
| Cash from operations | CN¥390.0m | CN¥107.0m | CN¥151.0m | CN¥221.0m | CN¥152.0m | CN¥76.0m | CN¥370.0m | CN¥342.0m |
| Capital spending | −CN¥111.0m | −CN¥55.0m | −CN¥87.0m | −CN¥62.0m | −CN¥128.0m | −CN¥100.0m | −CN¥118.0m | −CN¥131.0m |
| Free cash flow | CN¥279.0m | CN¥52.0m | CN¥64.0m | CN¥159.0m | CN¥24.0m | −CN¥24.0m | CN¥252.0m | CN¥211.0m |
| Total assets | CN¥8.04bn | CN¥8.40bn | CN¥8.03bn | CN¥7.05bn | CN¥7.18bn | CN¥7.45bn | CN¥9.50bn | CN¥9.24bn |
| Cash and short-term investments | CN¥1.23bn | CN¥1.32bn | CN¥1.05bn | CN¥941.6m | CN¥1.04bn | CN¥1.04bn | CN¥1.25bn | CN¥791.3m |
| Debt | CN¥697.8m | CN¥1.55bn | CN¥1.35bn | CN¥1.28bn | CN¥1.54bn | CN¥1.90bn | CN¥3.39bn | CN¥3.29bn |
| Shareholders' equity | CN¥4.62bn | CN¥4.66bn | CN¥4.54bn | CN¥3.80bn | CN¥3.79bn | CN¥3.69bn | CN¥4.24bn | CN¥4.20bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 11.2% | 11.6% | 8.9% | 11.2% | 11.3% | 16.1% |
| Net margin | 12.7% | 8.4% | -5.4% | -22.2% | 13.7% | -55.5% |
| Return on equity | 5.5% | 4.4% | -3.1% | -14.7% | 7.3% | -10.3% |
| Return on assets | 3.1% | 2.4% | -1.6% | -6.7% | 3.6% | -4.7% |
| Free cash flow yield | 6.9% | 7.6% | 13.1% | 14.7% | 2.8% | 1.6% |
| Revenue growth | -12.9% | -7.8% | -9.4% | 13.1% | 201.9% | 115.7% |
| Earnings growth | 31.4% | -244.1% | -78.0% | -283.8% | -174.3% | -245.5% |
| Current ratio | 1.50x | 1.67x | 1.32x | 0.73x | 2.14x | 4.56x |
| Debt to equity | 0.33x | 0.33x | 0.51x | 0.78x | 0.67x | 0.79x |
| Equity ratio | 55.5% | 53.9% | 49.5% | 45.5% | 48.6% | 46.1% |
| Interest coverage | 5.29x | 4.26x | 1.09x | 1.44x | 1.29x | 1.81x |
| R&D as a share of sales | 5.8% | 4.4% | 5.9% | 5.7% | 4.4% | 9.5% |
| Buybacks as a share of market value | 39.6% | -68.0% | -11.7% | 4.6% | -5.0% | -22.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.5% | 27.0% | — |
| Operating income | -5.8% | 14.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 13.2 | 16.2 | -16.8 | -5.5 | 24.4 | -39.2 | 23.2 |
| Price to sales | 1.7 | 1.4 | 1.1 | 1.4 | 4.0 | 25.8 | 18.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2021.
| FY2021 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 0.01 | 0.032 | 0.005 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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