0.36
+2.90%
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¥2.82bn
FY2016FY2025
Net income
CN¥34.9m
FY2016FY2025
Free cash flow
−CN¥1.01bn
FY2016FY2025
Shareholders' equity
CN¥2.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.82bn | CN¥2.70bn | CN¥2.64bn | CN¥2.35bn | CN¥2.34bn | CN¥2.43bn | CN¥2.33bn | CN¥413.6m | CN¥338.3m | CN¥290.4m |
| Gross profit | CN¥566.4m | CN¥642.3m | CN¥574.4m | CN¥520.0m | CN¥484.2m | CN¥476.2m | CN¥503.2m | CN¥116.7m | CN¥108.2m | CN¥83.9m |
| Research and development | CN¥13.3m | CN¥6.3m | CN¥7.4m | CN¥6.2m | CN¥6.2m | CN¥3.5m | CN¥2.7m | CN¥716,000 | CN¥597,000 | CN¥117,000 |
| Operating income | CN¥180.3m | CN¥394.7m | CN¥314.4m | CN¥280.3m | CN¥221.5m | CN¥227.1m | CN¥281.6m | CN¥48.0m | CN¥125.5m | CN¥66.9m |
| Net income | CN¥34.9m | CN¥222.7m | CN¥203.7m | CN¥179.6m | CN¥149.3m | CN¥158.7m | CN¥275.0m | CN¥103.4m | CN¥110.7m | CN¥56.3m |
| Diluted earnings per share | 0.02 | 0.15 | 0.15 | 0.13 | 0.11 | 0.12 | 0.21 | 0.09 | 0.08 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.94bn | CN¥4.72bn | CN¥4.09bn | CN¥3.69bn | CN¥3.73bn | CN¥3.91bn | CN¥3.87bn | CN¥1.04bn | CN¥933.6m | CN¥829.1m |
| Cash and short-term investments | CN¥551.1m | CN¥1.59bn | CN¥1.06bn | CN¥890.9m | CN¥719.8m | CN¥788.6m | CN¥915.3m | CN¥117.0m | CN¥79.3m | CN¥141.4m |
| Total liabilities | CN¥2.93bn | CN¥1.51bn | CN¥1.20bn | CN¥992.6m | CN¥1.17bn | CN¥1.05bn | CN¥1.06bn | CN¥69.8m | CN¥81.0m | CN¥74.7m |
| Debt | CN¥1.93bn | CN¥646.4m | CN¥294.4m | CN¥299.2m | CN¥365.7m | CN¥411.8m | CN¥290.7m | CN¥320,000 | CN¥320,000 | CN¥9.6m |
| Shareholders' equity | CN¥2.95bn | CN¥3.18bn | CN¥2.86bn | CN¥2.70bn | CN¥2.55bn | CN¥2.85bn | CN¥2.82bn | CN¥948.5m | CN¥840.9m | CN¥745.0m |
| Shares outstanding | 1,616m | 1,495m | 1,352m | 1,354m | 1,356m | 1,323m | 1,331m | 1,141m | 1,333m | 1,333m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥918.9m | CN¥120.0m | CN¥250.1m | CN¥213.5m | CN¥139.5m | CN¥170.5m | CN¥340.7m | CN¥2.0m | CN¥19.7m | −CN¥23.5m |
| Capital spending | −CN¥91.3m | −CN¥44.1m | −CN¥34.6m | −CN¥29.3m | −CN¥21.6m | −CN¥25.6m | −CN¥30.9m | −CN¥16.4m | −CN¥18.0m | −CN¥22.4m |
| Free cash flow | −CN¥1.01bn | CN¥75.8m | CN¥215.4m | CN¥184.2m | CN¥117.9m | CN¥144.9m | CN¥309.8m | −CN¥14.5m | CN¥1.7m | −CN¥45.9m |
| Dividends paid | −CN¥82.6m | −CN¥120.4m | −CN¥65.3m | −CN¥45.3m | −CN¥43.1m | −CN¥85.5m | −CN¥229.0m | −CN¥229.0m | −CN¥8.2m | −CN¥26.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.36bn | CN¥1.55bn | CN¥1.27bn | CN¥1.55bn | CN¥1.16bn | CN¥1.46bn | CN¥1.18bn | CN¥1.34bn |
| Gross profit | CN¥297.7m | CN¥286.8m | CN¥279.6m | CN¥364.7m | CN¥277.6m | CN¥316.5m | CN¥257.8m | CN¥292.2m |
| Operating income | −CN¥18.6m | CN¥58.4m | CN¥108.6m | CN¥237.3m | CN¥157.4m | CN¥173.3m | CN¥144.6m | CN¥164.7m |
| Net income | −CN¥70.6m | −CN¥4.2m | CN¥39.1m | CN¥115.6m | CN¥107.1m | CN¥115.6m | CN¥88.1m | CN¥110.2m |
| Diluted earnings per share | -0.04 | -0.00 | 0.02 | 0.08 | 0.07 | 0.09 | 0.07 | 0.08 |
| Cash from operations | — | −CN¥918.0m | −CN¥2.03bn | CN¥116.0m | CN¥3.0m | CN¥137.0m | CN¥112.0m | CN¥299.0m |
| Capital spending | — | −CN¥91.0m | −CN¥17.0m | −CN¥31.0m | −CN¥12.0m | −CN¥19.0m | −CN¥14.0m | −CN¥22.0m |
| Free cash flow | — | −CN¥1.01bn | −CN¥2.05bn | CN¥85.0m | −CN¥9.0m | CN¥118.0m | CN¥98.0m | CN¥277.0m |
| Total assets | CN¥14.77bn | CN¥5.94bn | CN¥6.16bn | CN¥4.72bn | CN¥4.56bn | CN¥4.09bn | CN¥3.89bn | CN¥3.69bn |
| Cash and short-term investments | CN¥1.10bn | CN¥551.1m | CN¥427.5m | CN¥1.59bn | CN¥1.40bn | CN¥1.06bn | CN¥1.08bn | CN¥890.9m |
| Debt | CN¥2.26bn | CN¥1.93bn | CN¥1.68bn | CN¥657.7m | CN¥692.7m | CN¥294.4m | CN¥440.9m | CN¥299.2m |
| Shareholders' equity | CN¥2.81bn | CN¥2.95bn | CN¥3.47bn | CN¥3.18bn | CN¥2.90bn | CN¥2.86bn | CN¥2.74bn | CN¥2.70bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.1% | 23.8% | 21.7% | 22.1% | 20.7% | 19.6% |
| Operating margin | 6.4% | 13.8% | 11.7% | 11.4% | 9.5% | 9.4% |
| Net margin | 1.2% | 8.2% | 7.7% | 7.6% | 6.4% | 6.5% |
| Return on equity | 1.2% | 7.0% | 7.1% | 6.7% | 5.9% | 5.6% |
| Return on assets | 0.6% | 4.7% | 5.0% | 4.9% | 4.0% | 4.1% |
| Free cash flow yield | -144.3% | 36.2% | 69.4% | 59.1% | 39.1% | 41.8% |
| Revenue growth | -10.8% | 2.4% | 12.4% | 0.7% | 12.5% | 4.1% |
| Earnings growth | -86.6% | 9.3% | 13.4% | 20.3% | 10.0% | -42.3% |
| Current ratio | 1.34x | 2.40x | 2.49x | 2.62x | 2.19x | 3.05x |
| Debt to equity | 0.65x | 0.20x | 0.10x | 0.11x | 0.14x | 0.14x |
| Equity ratio | 49.7% | 67.2% | 69.9% | 73.1% | 68.2% | 73.0% |
| Interest coverage | 2.97x | 12.17x | 17.13x | 10.28x | 12.68x | 9.56x |
| R&D as a share of sales | 0.5% | 0.2% | 0.3% | 0.3% | 0.3% | 0.1% |
| Buybacks as a share of market value | -8.1% | -10.6% | 0.1% | 0.2% | -2.5% | 0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.3% | 2.2% | — |
| Operating income | -13.7% | -4.5% | — |
| Net income | -42.1% | -26.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.9% | 21.9% | 21.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 105.8 | 10.5 | 10.6 | 12.8 | 25.3 | 15.4 | 13.0 |
| Price to sales | 1.4 | 0.9 | 0.8 | 1.0 | 1.6 | 1.0 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Paid in the year | 0.124 | 0.085 | 0.08 | 0.063 | 0.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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