C 
3.30
+0.30%
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¥21.51bn
FY2016FY2025
Net income
CN¥474.4m
FY2016FY2025
Free cash flow
−CN¥789.4m
FY2016FY2025
Shareholders' equity
CN¥6.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥21.51bn | CN¥22.82bn | CN¥15.29bn | CN¥10.27bn | CN¥11.06bn | CN¥9.69bn | CN¥10.71bn | CN¥11.17bn | CN¥10.36bn | CN¥7.74bn |
| Gross profit | CN¥1.05bn | CN¥1.29bn | CN¥196.6m | −CN¥82.0m | CN¥739.1m | CN¥1.90bn | CN¥1.23bn | CN¥1.10bn | CN¥1.25bn | CN¥1.08bn |
| Operating income | CN¥727.8m | CN¥977.7m | CN¥273.9m | −CN¥353.2m | −CN¥122.2m | CN¥1.41bn | CN¥826.3m | −CN¥220.8m | CN¥119.9m | CN¥339.8m |
| Net income | CN¥474.4m | CN¥620.3m | CN¥106.6m | −CN¥358.6m | CN¥443.4m | CN¥1.31bn | CN¥641.2m | CN¥464.7m | CN¥804.7m | CN¥643.7m |
| Diluted earnings per share | 0.41 | 0.54 | 0.09 | -0.30 | 0.38 | 1.10 | 0.48 | 0.45 | 0.75 | 0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥26.07bn | CN¥25.75bn | CN¥24.46bn | CN¥21.27bn | CN¥16.63bn | CN¥12.84bn | CN¥12.13bn | CN¥10.93bn | CN¥10.09bn | CN¥11.27bn |
| Cash and short-term investments | CN¥2.59bn | CN¥1.04bn | CN¥442.7m | CN¥429.2m | CN¥992.3m | CN¥1.49bn | CN¥1.34bn | CN¥1.16bn | CN¥678.1m | CN¥1.38bn |
| Total liabilities | CN¥19.90bn | CN¥20.05bn | CN¥19.38bn | CN¥16.23bn | CN¥11.11bn | CN¥7.25bn | CN¥7.40bn | CN¥6.74bn | CN¥6.00bn | CN¥8.09bn |
| Debt | CN¥13.78bn | CN¥11.00bn | CN¥10.27bn | CN¥10.52bn | CN¥6.27bn | CN¥4.21bn | CN¥4.11bn | CN¥3.06bn | CN¥2.35bn | CN¥3.72bn |
| Shareholders' equity | CN¥6.19bn | CN¥5.72bn | CN¥5.10bn | CN¥5.01bn | CN¥5.44bn | CN¥5.49bn | CN¥4.70bn | CN¥4.20bn | CN¥3.99bn | CN¥2.99bn |
| Shares outstanding | 1,156m | 1,158m | 1,157m | 1,185m | 1,176m | 1,190m | 1,338m | 1,025m | 1,069m | 988m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.06bn | CN¥1.23bn | −CN¥142.1m | −CN¥1.06bn | CN¥1.90bn | CN¥2.03bn | CN¥1.44bn | CN¥1.07bn | CN¥1.12bn | CN¥2.14bn |
| Capital spending | −CN¥1.85bn | −CN¥1.69bn | −CN¥1.36bn | −CN¥3.04bn | −CN¥2.87bn | −CN¥2.27bn | −CN¥239.8m | −CN¥635.4m | −CN¥481.0m | −CN¥1.00bn |
| Free cash flow | −CN¥789.4m | −CN¥464.6m | −CN¥1.50bn | −CN¥4.10bn | −CN¥971.8m | −CN¥243.6m | CN¥1.20bn | CN¥434.2m | CN¥643.4m | CN¥1.13bn |
| Dividends paid | — | — | — | −CN¥70.4m | −CN¥486.2m | −CN¥407.0m | −CN¥180.0m | −CN¥261.9m | −CN¥220.3m | −CN¥149.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥11.03bn | CN¥10.91bn | CN¥10.61bn | CN¥12.05bn | CN¥10.76bn | CN¥9.94bn | CN¥5.35bn | CN¥4.61bn |
| Gross profit | CN¥1.14bn | CN¥601.0m | CN¥445.3m | CN¥857.2m | CN¥395.9m | CN¥345.6m | −CN¥149.0m | −CN¥149.0m |
| Operating income | CN¥1.01bn | CN¥432.5m | CN¥295.3m | CN¥712.0m | CN¥265.7m | CN¥205.8m | −CN¥751.6m | −CN¥729.7m |
| Net income | CN¥753.8m | CN¥123.6m | CN¥350.8m | CN¥440.9m | CN¥179.5m | CN¥76.1m | CN¥30.4m | −CN¥285.6m |
| Diluted earnings per share | 0.65 | 0.11 | 0.30 | 0.38 | 0.15 | 0.07 | 0.03 | -0.24 |
| Cash from operations | CN¥863.0m | CN¥88.0m | CN¥974.0m | CN¥1.04bn | CN¥189.0m | CN¥251.0m | −CN¥393.0m | −CN¥356.0m |
| Capital spending | — | −CN¥1.85bn | — | −CN¥1.69bn | — | −CN¥1.35bn | — | −CN¥3.04bn |
| Free cash flow | — | −CN¥1.76bn | — | −CN¥654.0m | — | −CN¥1.10bn | — | −CN¥3.40bn |
| Total assets | CN¥25.08bn | CN¥26.07bn | CN¥26.29bn | CN¥25.75bn | CN¥25.02bn | CN¥24.46bn | CN¥24.12bn | CN¥21.27bn |
| Cash and short-term investments | CN¥2.25bn | CN¥2.59bn | CN¥998.3m | CN¥1.04bn | CN¥666.3m | CN¥442.7m | CN¥734.8m | CN¥451.5m |
| Debt | CN¥10.78bn | CN¥13.78bn | CN¥13.86bn | CN¥12.81bn | CN¥13.52bn | CN¥11.96bn | CN¥13.30bn | CN¥12.26bn |
| Shareholders' equity | CN¥6.69bn | CN¥6.19bn | CN¥6.07bn | CN¥5.72bn | CN¥5.28bn | CN¥5.10bn | CN¥5.04bn | CN¥5.01bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.9% | 5.7% | 1.3% | -0.8% | 6.7% | 19.6% |
| Operating margin | 3.3% | 4.1% | 1.8% | -2.2% | -1.1% | 12.9% |
| Net margin | 2.2% | 2.7% | 0.7% | -3.5% | 4.0% | 13.5% |
| Return on equity | 7.7% | 10.8% | 2.1% | -7.2% | 8.2% | 23.8% |
| Return on assets | 1.8% | 2.4% | 0.4% | -1.7% | 2.7% | 10.2% |
| Free cash flow yield | 57.7% | 57.8% | 24.1% | 38.3% | 92.8% | 82.7% |
| Revenue growth | -5.7% | 49.2% | 48.9% | -7.2% | 14.1% | -9.4% |
| Earnings growth | -23.5% | 482.2% | -129.7% | -180.9% | -66.1% | 104.0% |
| Current ratio | 0.55x | 0.56x | 0.51x | 0.46x | 0.47x | 0.59x |
| Debt to equity | 2.22x | 2.24x | 2.33x | 2.44x | 1.34x | 0.89x |
| Equity ratio | 23.7% | 22.2% | 20.9% | 23.5% | 32.7% | 42.8% |
| Interest coverage | 1.66x | 1.95x | 1.09x | -1.17x | -0.80x | 9.73x |
| Buybacks as a share of market value | 0.1% | -0.0% | 2.3% | -0.7% | 1.2% | 11.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.9% | 17.3% | 14.0% |
| Operating income | — | -12.4% | — |
| Net income | — | -18.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.3% | 3.5% | 5.6% | 7.3% |
| Operating margin | 3.8% | 2.3% | 3.2% | 2.4% |
| Net margin | 2.5% | 1.2% | 2.9% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.5 | 2.7 | 10.9 | -4.0 | 5.9 | 1.9 | 3.0 | 3.6 | 3.4 | 2.1 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.1 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.425 | 0.325 | 0.15 | 0.225 | 0.22 | 0.15 | 0.24 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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