L 
18.07
+3.85%
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¥46.87bn
FY2019FY2025
Net income
CN¥3.33bn
FY2019FY2025
Free cash flow
CN¥1.95bn
FY2019FY2025
Shareholders' equity
CN¥14.83bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥46.87bn | CN¥29.23bn | CN¥21.06bn | CN¥18.29bn | CN¥12.45bn | CN¥7.76bn | CN¥9.35bn |
| Gross profit | CN¥8.99bn | CN¥5.35bn | CN¥3.38bn | CN¥4.49bn | CN¥1.52bn | CN¥952.7m | CN¥1.02bn |
| Research and development | — | — | — | — | CN¥7.9m | CN¥4.4m | CN¥3.1m |
| Operating income | CN¥7.35bn | CN¥4.20bn | CN¥2.34bn | CN¥3.33bn | CN¥1.15bn | CN¥724.1m | CN¥823.4m |
| Net income | CN¥3.33bn | CN¥1.77bn | CN¥1.05bn | CN¥1.74bn | CN¥1.10bn | CN¥520.2m | CN¥565.6m |
| Diluted earnings per share | 2.14 | 1.14 | 0.68 | 1.28 | 0.71 | 0.34 | 0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥56.24bn | CN¥37.96bn | CN¥30.68bn | CN¥24.28bn | CN¥14.31bn | CN¥3.88bn | CN¥4.40bn |
| Cash and short-term investments | CN¥11.47bn | CN¥5.03bn | CN¥4.62bn | CN¥5.18bn | CN¥1.65bn | CN¥409.3m | CN¥375.4m |
| Total liabilities | CN¥31.86bn | CN¥20.27bn | CN¥17.19bn | CN¥10.27bn | CN¥8.28bn | CN¥2.49bn | CN¥3.25bn |
| Debt | CN¥21.71bn | CN¥15.27bn | CN¥13.24bn | CN¥6.47bn | CN¥5.00bn | CN¥1.09bn | CN¥1.93bn |
| Shareholders' equity | CN¥14.83bn | CN¥10.76bn | CN¥9.19bn | CN¥9.87bn | CN¥3.66bn | CN¥1.39bn | CN¥1.14bn |
| Shares outstanding | 1,556m | 1,556m | 1,556m | 1,357m | 1,550m | 1,550m | 1,550m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥7.53bn | CN¥4.23bn | CN¥2.57bn | CN¥2.00bn | CN¥945.0m | CN¥889.3m | −CN¥361.5m |
| Capital spending | −CN¥5.58bn | −CN¥5.71bn | −CN¥6.77bn | −CN¥3.90bn | −CN¥446.7m | −CN¥76.6m | −CN¥60.1m |
| Free cash flow | CN¥1.95bn | −CN¥1.49bn | −CN¥4.20bn | −CN¥1.90bn | CN¥498.3m | CN¥812.7m | −CN¥421.6m |
| Dividends paid | −CN¥1.63bn | −CN¥953.1m | −CN¥466.8m | −CN¥67.1m | −CN¥976.1m | −CN¥189.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥29.14bn | CN¥25.73bn | CN¥21.14bn | CN¥18.35bn | CN¥10.69bn | CN¥10.88bn | CN¥6.34bn | CN¥11.78bn |
| Gross profit | CN¥7.39bn | CN¥4.82bn | CN¥4.17bn | CN¥3.53bn | CN¥2.05bn | CN¥1.83bn | CN¥1.06bn | CN¥1.81bn |
| Operating income | CN¥6.40bn | CN¥3.93bn | CN¥3.42bn | CN¥2.93bn | CN¥1.70bn | CN¥1.27bn | CN¥739.5m | CN¥1.23bn |
| Net income | CN¥3.14bn | CN¥1.67bn | CN¥1.66bn | CN¥1.19bn | CN¥690.9m | CN¥586.9m | CN¥341.8m | CN¥713.0m |
| Diluted earnings per share | 2.02 | 1.07 | 1.07 | 0.76 | 0.44 | 0.38 | 0.22 | 0.46 |
| Cash from operations | — | CN¥3.17bn | CN¥3.57bn | CN¥4.33bn | — | −CN¥102.0m | −CN¥59.0m | CN¥2.47bn |
| Capital spending | — | −CN¥2.41bn | −CN¥3.42bn | −CN¥2.42bn | — | −CN¥3.26bn | −CN¥1.90bn | −CN¥3.27bn |
| Free cash flow | — | CN¥761.0m | CN¥151.0m | CN¥1.91bn | — | −CN¥3.36bn | −CN¥1.96bn | −CN¥799.0m |
| Total assets | CN¥63.70bn | CN¥56.24bn | CN¥50.72bn | CN¥37.96bn | CN¥44.21bn | CN¥34.88bn | CN¥40.63bn | CN¥30.68bn |
| Cash and short-term investments | CN¥12.22bn | CN¥11.47bn | CN¥7.42bn | CN¥5.03bn | CN¥5.86bn | CN¥3.96bn | CN¥4.61bn | CN¥4.62bn |
| Debt | CN¥11.93bn | CN¥21.71bn | CN¥19.10bn | CN¥13.91bn | CN¥9.19bn | CN¥15.13bn | CN¥8.58bn | CN¥12.58bn |
| Shareholders' equity | CN¥16.30bn | CN¥14.83bn | CN¥13.50bn | CN¥10.76bn | CN¥12.53bn | CN¥9.54bn | CN¥11.11bn | CN¥9.19bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 19.2% | 18.3% | 16.1% | 24.6% | 12.2% | 12.3% | — |
| Operating margin | 15.7% | 14.4% | 11.1% | 18.2% | 9.2% | 9.3% | — |
| Net margin | 7.1% | 6.1% | 5.0% | 9.5% | 8.8% | 6.7% | — |
| Return on equity | 22.4% | 16.5% | 11.4% | 20.5% | 35.0% | 37.4% | — |
| Return on assets | 5.9% | 4.7% | 3.4% | 8.3% | 9.0% | 13.4% | — |
| Free cash flow yield | 39.1% | 34.5% | 32.4% | 23.5% | 4.2% | — | — |
| Revenue growth | 37.7% | 38.8% | 15.1% | 46.9% | 60.5% | -17.0% | — |
| Earnings growth | 61.1% | 68.7% | -39.4% | 57.8% | 111.4% | -8.0% | — |
| Current ratio | 1.14x | 0.91x | 1.11x | 1.82x | 1.33x | 0.89x | — |
| Debt to equity | 1.46x | 1.29x | 1.36x | 0.74x | 1.52x | 0.74x | — |
| Equity ratio | 26.4% | 28.3% | 29.9% | 40.7% | 25.6% | 35.8% | — |
| Interest coverage | 10.16x | 6.48x | 4.37x | 13.08x | 14.51x | 17.17x | — |
| R&D as a share of sales | — | — | — | — | 0.1% | 0.1% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | -14.6% | 12.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 36.8% | 43.3% | — |
| Operating income | 30.2% | 59.0% | — |
| Net income | 24.2% | 45.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.8% | 19.2% | 18.2% | — |
| Operating margin | 15.2% | 14.9% | 14.1% | — |
| Net margin | 6.7% | 6.8% | 7.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 9.3 | 5.0 | 7.8 | 11.1 |
| Price to sales | 0.7 | 0.3 | 0.4 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 27 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.597 | 0.38 | 0.22 | 0.336 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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