C 
13.45
-3.24%
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¥159.33bn
FY2016FY2025
Net income
CN¥4.25bn
FY2016FY2025
Free cash flow
CN¥24.41bn
FY2016FY2025
Shareholders' equity
CN¥35.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥159.33bn | CN¥142.99bn | CN¥134.43bn | CN¥116.06bn | CN¥63.56bn | CN¥42.74bn | CN¥18.00bn | CN¥12.37bn | CN¥3.24bn | CN¥104.1m |
| Operating income | CN¥11.60bn | CN¥10.19bn | CN¥7.53bn | CN¥8.47bn | CN¥6.32bn | CN¥5.15bn | CN¥3.81bn | CN¥3.57bn | CN¥873.8m | CN¥40.3m |
| Net income | CN¥4.25bn | CN¥4.80bn | CN¥5.03bn | CN¥5.75bn | CN¥4.14bn | CN¥2.32bn | CN¥1.72bn | CN¥1.51bn | CN¥329.4m | CN¥14.6m |
| Diluted earnings per share | 1.99 | 2.44 | 2.59 | 3.10 | 2.74 | 1.97 | 1.89 | 1.90 | 0.53 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥429.12bn | CN¥480.47bn | CN¥497.70bn | CN¥458.31bn | CN¥400.14bn | CN¥183.42bn | CN¥115.59bn | CN¥62.77bn | CN¥22.86bn | CN¥2.78bn |
| Cash and short-term investments | CN¥58.99bn | CN¥72.76bn | CN¥59.55bn | CN¥55.18bn | CN¥52.26bn | CN¥28.02bn | CN¥12.01bn | CN¥4.55bn | CN¥1.99bn | CN¥631.3m |
| Total liabilities | CN¥331.06bn | CN¥361.07bn | CN¥391.77bn | CN¥365.80bn | CN¥326.46bn | CN¥146.07bn | CN¥95.98bn | CN¥52.17bn | CN¥19.84bn | CN¥1.65bn |
| Debt | CN¥101.87bn | CN¥89.98bn | CN¥84.97bn | CN¥92.25bn | CN¥86.07bn | CN¥53.38bn | CN¥43.86bn | CN¥27.95bn | CN¥12.18bn | CN¥4.88bn |
| Shareholders' equity | CN¥35.07bn | CN¥43.75bn | CN¥38.97bn | CN¥36.85bn | CN¥31.00bn | CN¥17.82bn | CN¥7.30bn | CN¥6.09bn | CN¥4.89bn | CN¥1.59bn |
| Shares outstanding | 2,134m | 1,970m | 1,940m | 1,851m | 1,509m | 1,177m | 910m | 797m | 621m | 364m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥24.79bn | CN¥3.74bn | CN¥28.44bn | CN¥4.10bn | CN¥7.57bn | CN¥4.27bn | CN¥1.25bn | −CN¥11.11bn | −CN¥6.73bn | CN¥3.7m |
| Capital spending | −CN¥379.9m | −CN¥221.9m | −CN¥223.8m | −CN¥132.0m | −CN¥105.1m | −CN¥64.5m | −CN¥55.4m | −CN¥27.4m | −CN¥9.9m | −CN¥65.2m |
| Free cash flow | CN¥24.41bn | CN¥3.52bn | CN¥28.21bn | CN¥3.97bn | CN¥7.46bn | CN¥4.21bn | CN¥1.19bn | −CN¥11.14bn | −CN¥6.74bn | −CN¥61.5m |
| Dividends paid | −CN¥370.5m | −CN¥652.3m | −CN¥1.25bn | −CN¥169.6m | −CN¥165.3m | −CN¥1.77bn | −CN¥960.4m | −CN¥477.6m | −CN¥37.7m | −CN¥51.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.49bn | CN¥119.54bn | CN¥39.80bn | CN¥110.23bn | CN¥64.20bn | CN¥32.75bn | CN¥19.08bn | CN¥110.07bn |
| Operating income | CN¥237.7m | CN¥9.23bn | CN¥2.36bn | CN¥8.62bn | CN¥5.02bn | CN¥1.57bn | CN¥913.8m | CN¥5.87bn |
| Net income | CN¥948.1m | CN¥3.19bn | CN¥1.06bn | CN¥3.99bn | CN¥2.32bn | CN¥817.1m | CN¥475.9m | CN¥3.05bn |
| Diluted earnings per share | 0.43 | 1.49 | 0.50 | 2.02 | 1.18 | 0.41 | 0.24 | 1.57 |
| Cash from operations | — | CN¥10.77bn | CN¥14.01bn | CN¥7.15bn | — | −CN¥3.41bn | −CN¥1.99bn | −CN¥10.74bn |
| Capital spending | — | −CN¥379.0m | — | −CN¥209.0m | — | — | — | −CN¥145.0m |
| Free cash flow | — | CN¥10.39bn | — | CN¥6.94bn | — | — | — | −CN¥10.89bn |
| Total assets | CN¥453.89bn | CN¥429.12bn | CN¥517.10bn | CN¥412.48bn | CN¥480.47bn | CN¥459.18bn | CN¥534.86bn | CN¥427.28bn |
| Cash and short-term investments | CN¥71.92bn | CN¥58.99bn | CN¥68.52bn | CN¥62.46bn | CN¥72.76bn | CN¥51.82bn | CN¥60.36bn | CN¥51.12bn |
| Debt | CN¥5.89bn | CN¥101.87bn | CN¥108.03bn | CN¥84.64bn | CN¥7.21bn | CN¥93.39bn | CN¥11.51bn | CN¥83.23bn |
| Shareholders' equity | CN¥35.11bn | CN¥35.07bn | CN¥44.85bn | CN¥37.56bn | CN¥43.75bn | CN¥33.85bn | CN¥39.43bn | CN¥33.46bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.3% | 7.1% | 5.6% | 7.3% | 9.9% | 12.1% |
| Net margin | 2.7% | 3.4% | 3.7% | 5.0% | 6.5% | 5.4% |
| Return on equity | 12.1% | 12.8% | 15.0% | 15.6% | 13.3% | 13.0% |
| Return on assets | 1.0% | 1.2% | 1.2% | 1.3% | 1.0% | 1.3% |
| Free cash flow yield | 80.5% | 16.0% | 100.9% | 15.6% | 34.7% | 29.3% |
| Revenue growth | -4.3% | 6.4% | 34.9% | 82.6% | 27.7% | 137.5% |
| Earnings growth | -24.0% | -4.6% | 2.0% | 38.9% | 53.0% | 35.1% |
| Current ratio | 6.19x | 1.63x | 1.50x | 1.58x | 1.57x | 1.80x |
| Debt to equity | 2.90x | 2.25x | 2.48x | 2.91x | 3.20x | 2.87x |
| Equity ratio | 8.2% | 9.1% | 7.8% | 8.0% | 7.7% | 9.7% |
| Interest coverage | 21.72x | 16.03x | 19.49x | 9.08x | 8.86x | 7.86x |
| Buybacks as a share of market value | -8.3% | -1.5% | -4.8% | -22.7% | -28.2% | -29.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.1% | 30.1% | 100.0% |
| Operating income | 11.0% | 17.6% | 74.5% |
| Net income | -9.6% | 12.9% | 76.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.2% | 6.8% | 7.5% | 8.3% |
| Net margin | 3.0% | 3.6% | 4.0% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.9 | 4.7 | 5.6 | 6.5 | 5.3 | 5.3 | 3.3 | 2.5 | 9.0 | 88.6 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.9 | 12.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.777 | 1.20 | 1.30 | 1.30 | 1.20 | 1.10 | 0.82 | 1.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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