W 
71.45
+1.20%
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¥6.92bn
FY2015FY2025
Net income
CN¥1.72bn
FY2015FY2025
Free cash flow
CN¥738.6m
FY2015FY2025
Shareholders' equity
CN¥12.49bn
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.92bn | CN¥4.05bn | CN¥2.47bn | CN¥1.15bn | CN¥362.1m | CN¥112.1m | CN¥4.72bn | CN¥3.07bn | CN¥2.09bn | CN¥1.98bn |
| Gross profit | CN¥2.49bn | CN¥1.24bn | CN¥651.2m | CN¥303.8m | CN¥132.1m | CN¥9.4m | CN¥1.91bn | CN¥1.04bn | CN¥645.3m | CN¥578.9m |
| Research and development | CN¥171.3m | CN¥100.0m | CN¥89.5m | CN¥39.4m | CN¥16.1m | CN¥4.7m | — | CN¥65.4m | CN¥35.2m | CN¥39.1m |
| Operating income | CN¥1.89bn | CN¥948.5m | CN¥425.4m | CN¥146.5m | CN¥68.9m | −CN¥7.4m | CN¥1.45bn | CN¥757.2m | CN¥501.8m | CN¥431.7m |
| Net income | CN¥1.72bn | CN¥1.07bn | CN¥330.0m | CN¥181.2m | CN¥63.9m | CN¥30.6m | CN¥769.3m | CN¥1.12bn | CN¥361.5m | CN¥260.5m |
| Diluted earnings per share | 1.28 | 0.83 | 0.29 | 0.17 | 0.05 | 0.03 | 0.65 | 0.95 | 0.31 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.81bn | CN¥10.62bn | CN¥7.84bn | CN¥2.91bn | CN¥1.02bn | CN¥475.4m | CN¥9.15bn | CN¥8.51bn | CN¥5.46bn | CN¥4.83bn |
| Cash and short-term investments | CN¥8.69bn | CN¥4.62bn | CN¥4.71bn | CN¥855.3m | CN¥30.6m | CN¥33.0m | — | — | — | — |
| Total liabilities | CN¥4.32bn | CN¥2.89bn | CN¥1.49bn | CN¥1.18bn | CN¥999.5m | CN¥38.2m | CN¥3.62bn | CN¥3.65bn | CN¥2.30bn | CN¥2.02bn |
| Debt | CN¥1.02bn | CN¥496.4m | CN¥2.8m | CN¥77.2m | CN¥24.6m | — | CN¥2.13bn | CN¥2.19bn | CN¥1.96bn | CN¥1.70bn |
| Shareholders' equity | CN¥12.49bn | CN¥7.73bn | CN¥6.35bn | CN¥1.72bn | CN¥24.3m | CN¥437.2m | CN¥5.16bn | CN¥4.41bn | CN¥3.17bn | CN¥2.81bn |
| Shares outstanding | 1,346m | 1,291m | 1,133m | 1,083m | 1,178m | 1,178m | 1,178m | 1,178m | 1,178m | 1,178m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.15bn | CN¥717.2m | CN¥387.4m | CN¥293.1m | CN¥68.8m | CN¥24.3m | CN¥1.10bn | CN¥617.3m | CN¥569.0m | CN¥430.5m |
| Capital spending | −CN¥1.41bn | −CN¥1.51bn | −CN¥627.7m | −CN¥234.4m | −CN¥60.4m | −CN¥61.5m | −CN¥1.05bn | −CN¥317.7m | −CN¥329.7m | −CN¥235.1m |
| Free cash flow | CN¥738.6m | −CN¥788.0m | −CN¥240.3m | CN¥58.7m | CN¥8.4m | −CN¥37.3m | CN¥55.5m | CN¥299.6m | CN¥239.3m | CN¥195.4m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −CN¥126.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.25bn | CN¥3.77bn | CN¥3.14bn | CN¥2.39bn | CN¥1.67bn | CN¥968.9m | CN¥1.13bn | CN¥657.7m |
| Gross profit | CN¥1.57bn | CN¥1.35bn | CN¥1.13bn | CN¥704.5m | CN¥535.3m | CN¥311.5m | CN¥330.2m | CN¥192.1m |
| Operating income | CN¥1.23bn | CN¥993.6m | CN¥892.5m | CN¥527.6m | CN¥385.1m | CN¥224.1m | CN¥190.0m | CN¥110.6m |
| Net income | CN¥938.8m | CN¥855.1m | CN¥867.8m | CN¥581.4m | CN¥488.2m | CN¥284.1m | CN¥106.3m | CN¥61.9m |
| Diluted earnings per share | 0.69 | 0.64 | 0.64 | 0.45 | 0.38 | 0.22 | 0.09 | 0.05 |
| Cash from operations | — | CN¥1.42bn | CN¥699.0m | CN¥1.10bn | −CN¥261.0m | −CN¥130.0m | CN¥201.0m | CN¥100.0m |
| Capital spending | — | −CN¥684.0m | −CN¥767.0m | −CN¥1.14bn | −CN¥607.0m | −CN¥303.0m | −CN¥327.0m | −CN¥163.0m |
| Free cash flow | — | CN¥733.0m | −CN¥68.0m | −CN¥48.0m | −CN¥868.0m | −CN¥433.0m | −CN¥126.0m | −CN¥63.0m |
| Total assets | CN¥18.07bn | CN¥16.81bn | CN¥12.36bn | CN¥9.12bn | CN¥7.27bn | CN¥8.46bn | CN¥6.74bn | CN¥7.84bn |
| Cash and short-term investments | CN¥6.66bn | CN¥8.69bn | CN¥5.28bn | CN¥3.97bn | CN¥3.48bn | CN¥4.05bn | CN¥4.05bn | CN¥4.71bn |
| Debt | CN¥235.0m | CN¥1.02bn | CN¥1.21bn | CN¥496.4m | CN¥68.7m | CN¥62.0m | CN¥2.8m | CN¥1.5m |
| Shareholders' equity | CN¥13.15bn | CN¥12.49bn | CN¥8.66bn | CN¥6.64bn | CN¥5.99bn | CN¥6.97bn | CN¥5.45bn | CN¥6.35bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 36.0% | 30.6% | 26.3% | 26.4% | 36.5% | 8.4% | — |
| Operating margin | 27.3% | 23.4% | 17.2% | 12.7% | 19.0% | -6.6% | — |
| Net margin | 24.9% | 26.4% | 13.4% | 15.7% | 17.7% | 27.3% | — |
| Return on equity | 13.8% | 16.1% | 5.2% | 10.5% | 263.1% | 7.0% | — |
| Return on assets | 10.3% | 11.7% | 4.2% | 6.2% | 6.2% | 6.4% | — |
| Free cash flow yield | 3.0% | 2.3% | 1.0% | 0.6% | — | — | — |
| Revenue growth | 46.7% | 90.8% | 114.4% | 218.3% | 222.9% | -97.6% | — |
| Earnings growth | 38.4% | 277.2% | 82.1% | 183.5% | 108.9% | -96.0% | — |
| Current ratio | 2.68x | 2.47x | 4.06x | 1.38x | 0.29x | 3.10x | — |
| Debt to equity | 0.08x | 0.07x | 0.00x | 0.05x | 1.18x | — | 0.41x |
| Equity ratio | 74.3% | 72.8% | 81.0% | 59.3% | 2.4% | 92.0% | — |
| Interest coverage | 95.51x | 295.95x | 492.58x | 43.17x | 120.15x | — | — |
| R&D as a share of sales | 2.5% | 2.5% | 3.6% | 3.4% | 4.4% | 4.2% | — |
| Buybacks as a share of market value | -4.3% | -13.9% | -4.6% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 81.7% | 128.1% | 14.4% |
| Operating income | 134.4% | — | 16.0% |
| Net income | 111.8% | 123.9% | 18.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.0% | 32.1% | 32.0% | 33.3% |
| Operating margin | 25.8% | 23.3% | 23.0% | 24.5% |
| Net margin | 25.5% | 22.6% | 22.6% | 21.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 41.7 | 32.5 | 96.7 |
| Price to sales | 10.4 | 8.6 | 12.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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