M 
3.67
+0.55%
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¥5.39bn
FY2016FY2025
Net income
CN¥656.1m
FY2016FY2025
Free cash flow
CN¥1.39bn
FY2016FY2025
Shareholders' equity
CN¥10.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.39bn | CN¥4.08bn | CN¥4.76bn | CN¥2.70bn | CN¥3.87bn | CN¥1.37bn | CN¥4.27bn | CN¥3.75bn | CN¥2.55bn | CN¥1.38bn |
| Gross profit | CN¥2.33bn | CN¥1.63bn | CN¥2.38bn | CN¥1.19bn | CN¥2.14bn | CN¥537.3m | CN¥2.66bn | CN¥2.36bn | CN¥1.74bn | CN¥887.6m |
| Research and development | CN¥234.4m | CN¥219.0m | CN¥215.4m | CN¥227.7m | CN¥267.6m | CN¥213.1m | CN¥220.5m | CN¥214.4m | CN¥144.0m | CN¥162.7m |
| Operating income | CN¥843.1m | CN¥195.9m | CN¥1.10bn | CN¥188.7m | CN¥626.5m | −CN¥606.7m | CN¥675.9m | −CN¥141.2m | −CN¥64.6m | −CN¥494.7m |
| Net income | CN¥656.1m | CN¥181.9m | CN¥910.4m | CN¥122.4m | CN¥428.9m | −CN¥646.3m | CN¥463.5m | −CN¥137.1m | −CN¥75.5m | −CN¥508.2m |
| Diluted earnings per share | 0.57 | 0.16 | 0.79 | 0.11 | 0.38 | -0.57 | 0.41 | -0.12 | -0.07 | -0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.82bn | CN¥14.56bn | CN¥14.60bn | CN¥11.94bn | CN¥12.84bn | CN¥10.61bn | CN¥11.35bn | CN¥9.08bn | CN¥9.04bn | CN¥1.57bn |
| Cash and short-term investments | CN¥2.95bn | CN¥2.92bn | CN¥4.00bn | CN¥2.65bn | CN¥3.10bn | CN¥2.54bn | CN¥2.12bn | CN¥1.92bn | CN¥2.13bn | CN¥1.10bn |
| Total liabilities | CN¥4.00bn | CN¥4.02bn | CN¥4.08bn | CN¥2.43bn | CN¥3.54bn | CN¥2.99bn | CN¥3.06bn | CN¥3.37bn | CN¥3.51bn | CN¥1.55bn |
| Debt | CN¥122.0m | CN¥481.2m | CN¥278.5m | CN¥373.1m | CN¥606.1m | CN¥1.08bn | CN¥1.20bn | CN¥958.0m | — | CN¥381.9m |
| Shareholders' equity | CN¥10.81bn | CN¥10.53bn | CN¥10.52bn | CN¥9.51bn | CN¥9.30bn | CN¥7.62bn | CN¥8.29bn | CN¥5.70bn | CN¥5.52bn | CN¥14.4m |
| Shares outstanding | 1,154m | 1,145m | 1,149m | 1,145m | 1,140m | 1,136m | 1,134m | 1,126m | 1,126m | 1,126m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.39bn | −CN¥846.3m | CN¥1.74bn | CN¥87.5m | CN¥674.2m | CN¥294.1m | −CN¥939.9m | −CN¥1.12bn | CN¥1.07bn | CN¥64.7m |
| Capital spending | −CN¥6.7m | −CN¥14.3m | −CN¥28.7m | −CN¥14.3m | −CN¥22.8m | −CN¥12.6m | −CN¥22.4m | −CN¥14.5m | −CN¥25.7m | −CN¥29.6m |
| Free cash flow | CN¥1.39bn | −CN¥860.6m | CN¥1.71bn | CN¥73.2m | CN¥651.5m | CN¥281.6m | −CN¥962.3m | −CN¥1.14bn | CN¥1.05bn | CN¥35.1m |
| Dividends paid | −CN¥306.6m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.05bn | CN¥2.51bn | CN¥2.88bn | CN¥1.91bn | CN¥1.11bn | CN¥2.17bn | CN¥1.26bn | CN¥2.56bn |
| Gross profit | CN¥642.9m | CN¥1.24bn | CN¥1.09bn | CN¥468.8m | CN¥272.8m | CN¥1.16bn | CN¥672.9m | CN¥1.28bn |
| Operating income | −CN¥76.2m | CN¥539.2m | CN¥304.0m | −CN¥211.0m | −CN¥122.8m | CN¥406.9m | CN¥236.8m | CN¥556.4m |
| Net income | −CN¥31.7m | CN¥448.3m | CN¥207.7m | −CN¥102.9m | −CN¥59.9m | CN¥284.8m | CN¥165.8m | CN¥503.8m |
| Diluted earnings per share | -0.03 | 0.39 | 0.18 | -0.09 | -0.05 | 0.25 | 0.14 | 0.44 |
| Cash from operations | — | CN¥528.0m | CN¥952.0m | −CN¥1.17bn | — | CN¥326.0m | CN¥190.0m | −CN¥158.0m |
| Capital spending | — | −CN¥3.0m | −CN¥2.0m | −CN¥7.0m | — | −CN¥5.0m | −CN¥3.0m | −CN¥17.0m |
| Free cash flow | — | CN¥525.0m | CN¥950.0m | −CN¥1.18bn | — | CN¥321.0m | CN¥187.0m | −CN¥175.0m |
| Total assets | CN¥16.76bn | CN¥14.82bn | CN¥15.12bn | CN¥12.51bn | CN¥14.56bn | CN¥13.24bn | CN¥15.41bn | CN¥12.54bn |
| Cash and short-term investments | CN¥4.40bn | CN¥2.95bn | CN¥2.86bn | CN¥2.51bn | CN¥2.92bn | CN¥3.70bn | CN¥4.31bn | CN¥3.44bn |
| Debt | CN¥247.9m | CN¥122.0m | CN¥317.3m | CN¥481.2m | CN¥560.1m | CN¥498.1m | CN¥576.0m | CN¥278.5m |
| Shareholders' equity | CN¥10.43bn | CN¥10.81bn | CN¥10.31bn | CN¥9.05bn | CN¥10.53bn | CN¥9.24bn | CN¥10.75bn | CN¥9.04bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 43.3% | 39.8% | 50.1% | 44.0% | 55.4% | 39.3% |
| Operating margin | 17.8% | 5.0% | 24.4% | 9.6% | 23.7% | -43.3% |
| Net margin | 12.2% | 4.5% | 19.1% | 4.5% | 11.1% | -47.3% |
| Return on equity | 6.1% | 2.0% | 10.1% | 1.3% | 4.6% | -8.5% |
| Return on assets | 4.4% | 1.5% | 7.3% | 1.0% | 3.3% | -6.1% |
| Free cash flow yield | 27.3% | -19.1% | 34.7% | 2.0% | 13.8% | 7.1% |
| Revenue growth | 13.5% | -14.2% | 105.1% | -30.2% | 143.4% | -68.0% |
| Earnings growth | 209.9% | -80.0% | 765.5% | -71.5% | -157.0% | -239.4% |
| Current ratio | 1.88x | 1.99x | 2.08x | 2.41x | 1.90x | 1.74x |
| Debt to equity | 0.01x | 0.05x | 0.03x | 0.04x | 0.08x | 0.14x |
| Equity ratio | 73.0% | 72.4% | 72.1% | 79.7% | 72.4% | 71.9% |
| Interest coverage | 81.70x | 21.37x | 226.33x | 13.05x | 25.16x | -15.62x |
| R&D as a share of sales | 4.3% | 5.4% | 4.5% | 8.4% | 6.9% | 15.6% |
| Buybacks as a share of market value | -0.8% | 0.4% | -0.4% | -0.4% | -0.4% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.9% | 31.6% | 22.7% |
| Operating income | 64.7% | — | — |
| Net income | 75.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.8% | 44.5% | 46.1% | 52.3% |
| Operating margin | 11.0% | 13.7% | 10.6% | 2.3% |
| Net margin | 8.8% | 11.1% | 7.5% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 10.7 | 44.2 | 10.0 | 74.0 | 21.4 | -18.9 | 30.9 |
| Price to sales | 1.3 | 2.0 | 1.9 | 3.4 | 2.4 | 8.9 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.32 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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