W 
48.92
+2.73%
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¥25.36bn
FY2016FY2025
Net income
CN¥5.71bn
FY2016FY2025
Free cash flow
CN¥3.26bn
FY2016FY2025
Shareholders' equity
CN¥55.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.36bn | CN¥21.73bn | CN¥19.82bn | CN¥17.77bn | CN¥11.98bn | CN¥6.53bn | CN¥4.64bn | CN¥2.95bn | CN¥1.88bn | CN¥1.15bn |
| Gross profit | CN¥11.66bn | CN¥8.90bn | CN¥7.95bn | CN¥7.83bn | CN¥5.62bn | CN¥2.95bn | CN¥1.93bn | CN¥1.18bn | CN¥768.7m | CN¥452.8m |
| Research and development | CN¥1.00bn | CN¥892.0m | CN¥922.4m | CN¥794.6m | CN¥583.7m | CN¥353.5m | CN¥302.2m | CN¥197.0m | CN¥86.7m | CN¥62.0m |
| Operating income | CN¥7.73bn | CN¥5.79bn | CN¥5.18bn | CN¥5.05bn | CN¥4.69bn | CN¥1.75bn | CN¥1.29bn | CN¥1.02bn | CN¥405.7m | CN¥234.5m |
| Net income | CN¥5.71bn | CN¥3.91bn | CN¥3.96bn | CN¥5.14bn | CN¥3.94bn | CN¥1.97bn | CN¥1.18bn | CN¥733.9m | CN¥294.0m | CN¥164.2m |
| Diluted earnings per share | 1.37 | 0.92 | 0.91 | 1.18 | 0.89 | 0.48 | 0.30 | 0.18 | 0.08 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥74.16bn | CN¥66.31bn | CN¥65.84bn | CN¥57.68bn | CN¥51.24bn | CN¥33.71bn | CN¥20.48bn | CN¥10.93bn | CN¥5.64bn | CN¥2.31bn |
| Cash and short-term investments | CN¥18.32bn | CN¥12.46bn | CN¥13.08bn | CN¥10.14bn | CN¥12.95bn | CN¥9.87bn | CN¥7.85bn | CN¥4.75bn | CN¥2.40bn | CN¥196.8m |
| Total liabilities | CN¥12.41bn | CN¥13.38bn | CN¥14.61bn | CN¥15.54bn | CN¥13.18bn | CN¥9.38bn | CN¥5.48bn | CN¥1.63bn | CN¥959.6m | CN¥2.00bn |
| Debt | CN¥3.61bn | CN¥4.94bn | CN¥4.56bn | CN¥4.42bn | CN¥4.30bn | CN¥3.33bn | CN¥2.19bn | — | — | CN¥1.13bn |
| Shareholders' equity | CN¥55.01bn | CN¥48.67bn | CN¥46.94bn | CN¥40.79bn | CN¥37.56bn | CN¥23.93bn | CN¥14.88bn | CN¥9.30bn | CN¥4.68bn | CN¥314.8m |
| Shares outstanding | 4,166m | 4,227m | 4,348m | 4,365m | 4,436m | 4,085m | 3,884m | 3,985m | 3,873m | 2,892m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥7.43bn | CN¥6.07bn | CN¥5.43bn | CN¥6.45bn | CN¥3.99bn | CN¥2.19bn | CN¥1.41bn | CN¥886.3m | CN¥419.3m | CN¥95.3m |
| Capital spending | −CN¥4.18bn | −CN¥4.57bn | −CN¥4.92bn | −CN¥6.83bn | −CN¥7.59bn | −CN¥7.01bn | −CN¥3.76bn | −CN¥2.13bn | −CN¥800.4m | −CN¥499.1m |
| Free cash flow | CN¥3.26bn | CN¥1.50bn | CN¥508.8m | −CN¥380.2m | −CN¥3.60bn | −CN¥4.82bn | −CN¥2.36bn | −CN¥1.24bn | −CN¥381.1m | −CN¥403.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.53bn | CN¥13.78bn | CN¥11.58bn | CN¥11.76bn | CN¥9.98bn | CN¥9.94bn | CN¥9.88bn | CN¥9.38bn |
| Gross profit | CN¥6.25bn | CN¥6.71bn | CN¥4.95bn | CN¥5.01bn | CN¥3.90bn | CN¥3.80bn | CN¥4.14bn | CN¥3.85bn |
| Operating income | CN¥4.28bn | CN¥4.56bn | CN¥3.17bn | CN¥3.67bn | CN¥2.12bn | CN¥1.92bn | CN¥2.68bn | CN¥2.17bn |
| Net income | CN¥2.80bn | CN¥2.99bn | CN¥2.72bn | CN¥2.16bn | CN¥1.74bn | CN¥1.32bn | CN¥2.64bn | CN¥2.19bn |
| Diluted earnings per share | 0.67 | 0.72 | 0.65 | 0.51 | 0.41 | 0.30 | 0.61 | 0.50 |
| Cash from operations | — | CN¥5.35bn | CN¥2.10bn | CN¥4.56bn | CN¥1.51bn | CN¥2.72bn | CN¥2.72bn | CN¥4.75bn |
| Capital spending | — | −CN¥2.10bn | −CN¥2.21bn | −CN¥2.40bn | −CN¥2.17bn | −CN¥2.46bn | −CN¥2.46bn | −CN¥3.71bn |
| Free cash flow | — | CN¥3.25bn | −CN¥109.0m | CN¥2.16bn | −CN¥658.0m | CN¥255.0m | CN¥255.0m | CN¥1.05bn |
| Total assets | CN¥76.05bn | CN¥74.16bn | CN¥70.33bn | CN¥66.31bn | CN¥65.29bn | CN¥65.84bn | CN¥60.68bn | CN¥57.68bn |
| Cash and short-term investments | CN¥15.17bn | CN¥18.32bn | CN¥14.59bn | CN¥12.46bn | CN¥11.09bn | CN¥13.08bn | CN¥10.12bn | CN¥10.14bn |
| Debt | CN¥746.4m | CN¥3.61bn | CN¥5.94bn | CN¥5.75bn | CN¥5.32bn | CN¥5.31bn | CN¥5.98bn | CN¥5.15bn |
| Shareholders' equity | CN¥55.93bn | CN¥55.01bn | CN¥52.31bn | CN¥48.67bn | CN¥47.31bn | CN¥46.94bn | CN¥43.92bn | CN¥40.79bn |
Financial ratios
Data as of 6 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.0% | 41.0% | 40.1% | 44.0% | 46.9% | 45.1% |
| Operating margin | 30.5% | 26.6% | 26.1% | 28.4% | 39.2% | 26.8% |
| Net margin | 22.5% | 18.0% | 20.0% | 29.0% | 32.9% | 30.1% |
| Return on equity | 10.4% | 8.0% | 8.4% | 12.6% | 10.5% | 8.2% |
| Return on assets | 7.7% | 5.9% | 6.0% | 8.9% | 7.7% | 5.8% |
| Free cash flow yield | 4.9% | 4.4% | 4.2% | 5.3% | 4.6% | 3.9% |
| Revenue growth | 16.7% | 9.6% | 11.6% | 48.4% | 83.3% | 40.9% |
| Earnings growth | 46.3% | -1.3% | -23.1% | 30.5% | 100.6% | 66.6% |
| Current ratio | 3.14x | 2.73x | 2.78x | 1.98x | 2.37x | 3.16x |
| Debt to equity | 0.03x | 0.07x | 0.06x | 0.08x | 0.09x | 0.13x |
| Equity ratio | 74.2% | 73.4% | 71.3% | 70.7% | 73.3% | 71.0% |
| Interest coverage | 47.65x | 31.56x | 28.08x | 67.44x | 102.89x | 35.15x |
| R&D as a share of sales | 3.9% | 4.1% | 4.7% | 4.5% | 4.9% | 5.4% |
| Buybacks as a share of market value | 1.5% | 2.8% | 0.4% | 1.6% | -8.6% | -5.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.6% | 31.2% | 44.3% |
| Operating income | 15.2% | 34.6% | 59.5% |
| Net income | 3.6% | 23.8% | 60.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.7% | 42.9% | 43.5% | 43.2% |
| Operating margin | 28.7% | 28.0% | 29.3% | 29.0% |
| Net margin | 20.4% | 22.1% | 23.9% | 23.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.2 | 16.7 | 28.6 | 44.7 | 91.6 | 187.9 | 95.2 | 79.8 | 168.8 |
| Price to sales | 4.5 | 3.0 | 5.7 | 12.9 | 30.2 | 56.6 | 24.2 | 19.9 | 26.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 16 Nov 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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