J 
2.31
-0.86%
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¥3.00bn
FY2016FY2025
Net income
−CN¥1.11bn
FY2016FY2025
Free cash flow
CN¥254.1m
FY2016FY2025
Shareholders' equity
CN¥10.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.00bn | CN¥2.81bn | CN¥2.79bn | CN¥2.36bn | CN¥2.14bn | CN¥1.43bn | CN¥1.65bn | CN¥922.0m | CN¥662.8m | CN¥346.4m |
| Gross profit | CN¥952.6m | CN¥1.10bn | CN¥1.18bn | CN¥913.1m | CN¥898.0m | CN¥565.8m | CN¥816.8m | CN¥413.1m | CN¥302.1m | CN¥132.7m |
| Research and development | CN¥23.4m | CN¥24.7m | CN¥21.7m | CN¥17.5m | CN¥12.4m | CN¥11.5m | CN¥13.3m | CN¥12.0m | CN¥10.3m | — |
| Operating income | CN¥230.4m | CN¥441.6m | CN¥480.5m | CN¥285.4m | CN¥432.3m | CN¥237.7m | CN¥530.0m | CN¥276.9m | CN¥242.8m | CN¥126.6m |
| Net income | −CN¥1.11bn | CN¥283.1m | CN¥344.7m | CN¥121.1m | CN¥395.6m | CN¥251.6m | CN¥409.6m | CN¥166.6m | CN¥98.8m | CN¥87.6m |
| Diluted earnings per share | -0.56 | 0.10 | 0.13 | 0.05 | 0.16 | 0.10 | 0.17 | 0.09 | 0.04 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.26bn | CN¥17.44bn | CN¥17.34bn | CN¥17.73bn | CN¥14.93bn | CN¥9.16bn | CN¥8.94bn | CN¥6.56bn | CN¥1.74bn | CN¥755.4m |
| Cash and short-term investments | CN¥1.05bn | CN¥664.4m | CN¥992.7m | CN¥1.63bn | CN¥2.24bn | CN¥744.6m | CN¥632.1m | CN¥1.27bn | CN¥449.5m | CN¥190.7m |
| Total liabilities | CN¥5.55bn | CN¥5.39bn | CN¥5.48bn | CN¥7.56bn | CN¥4.74bn | CN¥1.70bn | CN¥1.30bn | CN¥2.06bn | CN¥376.4m | CN¥654.8m |
| Debt | CN¥3.31bn | CN¥2.71bn | CN¥2.79bn | CN¥4.46bn | CN¥2.09bn | CN¥406.9m | CN¥182.5m | — | — | — |
| Shareholders' equity | CN¥10.65bn | CN¥11.96bn | CN¥11.75bn | CN¥10.06bn | CN¥9.95bn | CN¥7.28bn | CN¥7.53bn | CN¥4.36bn | CN¥927.9m | CN¥79.2m |
| Shares outstanding | 1,978m | 2,739m | 2,738m | 2,633m | 2,528m | 2,430m | 2,434m | 1,756m | 2,381m | 2,381m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥554.0m | CN¥629.2m | CN¥796.7m | CN¥630.6m | CN¥399.8m | CN¥308.0m | CN¥452.6m | CN¥356.4m | CN¥47.7m | CN¥109.0m |
| Capital spending | −CN¥299.8m | −CN¥139.9m | −CN¥202.0m | −CN¥1.12bn | −CN¥92.9m | −CN¥266.1m | −CN¥277.3m | −CN¥21.0m | −CN¥32.2m | −CN¥8.0m |
| Free cash flow | CN¥254.1m | CN¥489.3m | CN¥594.7m | −CN¥486.1m | CN¥306.8m | CN¥41.9m | CN¥175.3m | CN¥335.5m | CN¥15.5m | CN¥101.0m |
| Dividends paid | — | −CN¥150.0m | −CN¥12.2m | −CN¥184.7m | — | −CN¥149.7m | −CN¥327.7m | −CN¥123.9m | −CN¥60.2m | −CN¥60.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.58bn | CN¥1.56bn | CN¥1.50bn | CN¥1.37bn | CN¥1.44bn | CN¥1.46bn | CN¥1.55bn | CN¥1.43bn |
| Gross profit | CN¥562.6m | CN¥540.2m | CN¥455.6m | CN¥516.4m | CN¥583.0m | CN¥611.1m | CN¥656.8m | CN¥522.4m |
| Operating income | CN¥225.4m | CN¥130.0m | −CN¥11.0m | CN¥171.4m | CN¥270.2m | CN¥202.1m | CN¥324.0m | CN¥78.1m |
| Net income | CN¥123.2m | CN¥73.0m | −CN¥1.21bn | CN¥93.4m | CN¥189.7m | CN¥121.2m | CN¥260.2m | −CN¥80.3m |
| Diluted earnings per share | 0.05 | 0.04 | -0.61 | 0.03 | 0.07 | 0.04 | 0.10 | -0.03 |
| Cash from operations | — | CN¥303.0m | CN¥311.0m | CN¥285.0m | CN¥446.0m | CN¥404.0m | CN¥392.0m | CN¥312.0m |
| Capital spending | — | −CN¥158.0m | −CN¥149.0m | −CN¥53.0m | −CN¥108.0m | −CN¥90.0m | −CN¥111.0m | −CN¥34.0m |
| Free cash flow | — | CN¥145.0m | CN¥162.0m | CN¥232.0m | CN¥338.0m | CN¥314.0m | CN¥281.0m | CN¥278.0m |
| Total assets | CN¥16.09bn | CN¥16.26bn | CN¥16.31bn | CN¥14.98bn | CN¥14.85bn | CN¥14.90bn | CN¥17.73bn | CN¥17.73bn |
| Cash and short-term investments | CN¥936.5m | CN¥1.05bn | CN¥837.8m | CN¥570.8m | CN¥772.3m | CN¥852.9m | CN¥1.22bn | CN¥1.63bn |
| Debt | CN¥1.08bn | CN¥3.31bn | CN¥3.40bn | CN¥2.71bn | CN¥2.53bn | CN¥2.63bn | CN¥3.55bn | CN¥5.19bn |
| Shareholders' equity | CN¥10.37bn | CN¥10.65bn | CN¥10.69bn | CN¥10.27bn | CN¥10.17bn | CN¥10.09bn | CN¥11.74bn | CN¥10.06bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.7% | 39.1% | 42.1% | 38.6% | 42.0% | 39.7% |
| Operating margin | 7.7% | 15.7% | 17.2% | 12.1% | 20.2% | 16.7% |
| Net margin | -36.8% | 10.1% | 12.4% | 5.1% | 18.5% | 17.6% |
| Return on equity | -10.4% | 2.8% | 3.4% | 1.4% | 4.0% | 3.5% |
| Return on assets | -6.8% | 1.9% | 2.3% | 0.8% | 2.7% | 2.7% |
| Free cash flow yield | 16.3% | 12.3% | 13.7% | 25.0% | 7.3% | 10.4% |
| Revenue growth | -8.2% | 0.8% | 18.0% | 28.6% | 28.9% | -13.5% |
| Earnings growth | -435.9% | -17.9% | 184.6% | -64.4% | 35.1% | -38.6% |
| Current ratio | 0.87x | 0.51x | 0.79x | 0.69x | 2.37x | 4.78x |
| Debt to equity | 0.27x | 0.24x | 0.23x | 0.45x | 0.20x | 0.02x |
| Equity ratio | 65.5% | 68.6% | 67.7% | 56.7% | 66.6% | 79.5% |
| Interest coverage | 2.86x | 7.69x | 6.03x | 3.97x | 17.56x | 17.75x |
| R&D as a share of sales | 0.8% | 0.9% | 0.8% | 0.7% | 0.6% | 0.8% |
| Buybacks as a share of market value | 27.8% | -0.0% | -4.0% | -4.2% | -4.0% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.4% | 15.2% | — |
| Operating income | -6.9% | -0.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.3% | 37.8% | 38.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -3.7 | 22.9 | 23.4 | 137.9 | 49.0 | 134.2 | 54.5 |
| Price to sales | 1.4 | 2.4 | 3.0 | 7.4 | 9.1 | 23.9 | 13.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2026.
| FY2026 | FY2024 | FY2022 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.036 | 0.07 | 0.074 | 0.068 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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