B 
11.49
+4.45%
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¥21.02bn
FY2016FY2025
Net income
CN¥749.1m
FY2016FY2025
Free cash flow
−CN¥2.15bn
FY2016FY2025
Shareholders' equity
CN¥13.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥21.02bn | CN¥20.63bn | CN¥20.68bn | CN¥15.56bn | CN¥16.59bn | CN¥9.82bn | CN¥10.94bn | CN¥10.02bn | CN¥8.18bn | CN¥7.13bn |
| Gross profit | CN¥1.67bn | CN¥1.57bn | CN¥1.22bn | CN¥1.42bn | CN¥3.20bn | CN¥1.61bn | CN¥1.88bn | CN¥1.59bn | CN¥1.18bn | CN¥829.0m |
| Research and development | CN¥544.1m | CN¥567.7m | CN¥530.9m | CN¥435.1m | CN¥519.9m | CN¥280.3m | CN¥346.5m | CN¥320.2m | CN¥275.2m | CN¥221.1m |
| Operating income | CN¥955.9m | CN¥971.1m | CN¥619.0m | CN¥961.1m | CN¥2.75bn | CN¥1.29bn | CN¥1.49bn | CN¥1.29bn | CN¥810.9m | CN¥531.1m |
| Net income | CN¥749.1m | CN¥747.9m | CN¥411.6m | CN¥655.8m | CN¥2.05bn | CN¥910.1m | CN¥993.7m | CN¥901.4m | CN¥601.1m | CN¥367.3m |
| Diluted earnings per share | 0.35 | 0.35 | 0.19 | 0.31 | 0.96 | 0.43 | 0.47 | 0.42 | 0.28 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥29.87bn | CN¥28.21bn | CN¥30.59bn | CN¥30.83bn | CN¥27.41bn | CN¥21.76bn | CN¥19.21bn | CN¥14.51bn | CN¥12.20bn | CN¥10.06bn |
| Cash and short-term investments | CN¥6.20bn | CN¥243.3m | CN¥221.9m | CN¥381.6m | CN¥886.2m | CN¥399.4m | CN¥595.9m | CN¥2.29bn | CN¥3.30bn | CN¥2.00bn |
| Total liabilities | CN¥16.47bn | CN¥17.23bn | CN¥18.68bn | CN¥19.39bn | CN¥16.81bn | CN¥13.17bn | CN¥11.45bn | CN¥7.59bn | CN¥5.81bn | CN¥4.03bn |
| Debt | CN¥2.44bn | CN¥788.1m | CN¥703.8m | CN¥864.7m | CN¥1.31bn | CN¥3.29bn | CN¥1.62bn | CN¥3.41bn | CN¥3.14bn | CN¥1.61bn |
| Shareholders' equity | CN¥13.40bn | CN¥10.99bn | CN¥11.92bn | CN¥11.44bn | CN¥10.60bn | CN¥8.59bn | CN¥7.76bn | CN¥6.92bn | CN¥6.39bn | CN¥6.02bn |
| Shares outstanding | 2,113m | 2,118m | 2,119m | 2,119m | 2,131m | 2,122m | 2,122m | 2,125m | 2,132m | 2,162m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.28bn | CN¥921.2m | −CN¥109.0m | CN¥3.39bn | CN¥7.21bn | CN¥1.57bn | CN¥4.97bn | CN¥1.05bn | CN¥321.2m | CN¥1.99bn |
| Capital spending | −CN¥875.7m | −CN¥178.1m | −CN¥1.20bn | −CN¥3.16bn | −CN¥1.40bn | −CN¥1.98bn | −CN¥1.52bn | −CN¥1.78bn | −CN¥619.0m | −CN¥264.7m |
| Free cash flow | −CN¥2.15bn | CN¥743.1m | −CN¥1.31bn | CN¥226.2m | CN¥5.81bn | −CN¥411.3m | CN¥3.45bn | −CN¥735.9m | −CN¥297.8m | CN¥1.72bn |
| Dividends paid | — | — | — | — | — | — | −CN¥121.0m | −CN¥271.3m | −CN¥228.7m | −CN¥139.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.60bn | CN¥9.97bn | CN¥11.05bn | CN¥10.01bn | CN¥10.62bn | CN¥10.25bn | CN¥5.97bn | CN¥8.74bn |
| Gross profit | CN¥1.86bn | CN¥736.1m | CN¥936.8m | CN¥840.4m | CN¥731.9m | CN¥654.5m | CN¥381.1m | CN¥460.7m |
| Operating income | CN¥1.11bn | CN¥378.4m | CN¥577.5m | CN¥542.7m | CN¥428.4m | CN¥220.6m | CN¥88.7m | CN¥247.8m |
| Net income | CN¥1.13bn | CN¥310.4m | CN¥438.7m | CN¥420.4m | CN¥327.5m | CN¥151.7m | CN¥88.3m | CN¥234.9m |
| Diluted earnings per share | 0.54 | 0.15 | 0.21 | 0.20 | 0.15 | 0.07 | 0.04 | 0.11 |
| Cash from operations | — | CN¥2.13bn | −CN¥3.41bn | −CN¥476.0m | CN¥1.40bn | CN¥1.34bn | CN¥670.0m | −CN¥1.45bn |
| Capital spending | — | −CN¥580.0m | −CN¥295.0m | −CN¥69.0m | −CN¥108.0m | −CN¥283.0m | −CN¥141.0m | −CN¥916.0m |
| Free cash flow | — | CN¥1.55bn | −CN¥3.70bn | −CN¥545.0m | CN¥1.29bn | CN¥1.06bn | CN¥529.0m | −CN¥2.37bn |
| Total assets | CN¥30.43bn | CN¥29.87bn | CN¥33.06bn | CN¥28.21bn | CN¥28.66bn | CN¥30.59bn | CN¥30.59bn | CN¥30.82bn |
| Cash and short-term investments | CN¥6.29bn | CN¥6.20bn | CN¥1.35bn | CN¥243.3m | CN¥596.1m | CN¥221.9m | CN¥2.15bn | CN¥289.6m |
| Debt | CN¥338.4m | CN¥2.44bn | CN¥4.36bn | CN¥788.1m | CN¥385.5m | CN¥819.6m | CN¥485.7m | CN¥2.18bn |
| Shareholders' equity | CN¥14.21bn | CN¥13.40bn | CN¥13.15bn | CN¥10.99bn | CN¥10.55bn | CN¥11.92bn | CN¥11.92bn | CN¥11.78bn |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.0% | 7.6% | 5.9% | 9.1% | 19.3% | 16.4% |
| Operating margin | 3.5% | 4.7% | 3.0% | 6.2% | 16.6% | 13.2% |
| Net margin | 3.6% | 3.6% | 2.0% | 4.2% | 12.4% | 9.3% |
| Return on equity | 5.6% | 6.8% | 3.5% | 6.7% | 19.3% | 10.6% |
| Return on assets | 2.5% | 2.7% | 1.3% | 2.5% | 7.5% | 4.2% |
| Free cash flow yield | -2.9% | 9.3% | 7.9% | 47.4% | 61.9% | 25.6% |
| Revenue growth | -12.5% | 16.2% | 14.1% | 9.3% | 68.9% | -10.3% |
| Earnings growth | -14.0% | 111.6% | -46.1% | -62.7% | 125.2% | -8.4% |
| Current ratio | 0.94x | 0.95x | 0.85x | 0.84x | 0.88x | 0.79x |
| Debt to equity | 0.18x | 0.07x | 0.07x | 0.09x | 0.14x | 0.45x |
| Equity ratio | 44.9% | 38.9% | 38.9% | 37.1% | 38.7% | 39.5% |
| Interest coverage | 5.99x | 7.33x | 4.42x | 4.44x | 8.78x | 5.65x |
| R&D as a share of sales | 2.6% | 2.8% | 2.6% | 2.8% | 3.1% | 2.9% |
| Buybacks as a share of market value | 0.2% | 0.1% | 0.0% | 0.5% | -0.4% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.5% | 16.4% | 12.7% |
| Operating income | -0.2% | -5.8% | 8.5% |
| Net income | 4.5% | -3.8% | 12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.8% | 7.6% | 10.3% | 11.5% |
| Operating margin | 4.6% | 4.5% | 7.2% | 8.2% |
| Net margin | 3.6% | 3.3% | 5.3% | 5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.3 | 23.7 | 41.9 | 23.9 | 9.2 | 14.7 | 19.4 | 15.8 | 22.6 | 23.7 |
| Price to sales | 0.9 | 0.9 | 0.8 | 1.0 | 1.1 | 1.4 | 1.8 | 1.4 | 1.7 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Apr 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.057 | 0.131 | 0.107 | 0.065 | 0.06 | 0.061 | 0.17 | 0.227 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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