B 
2.90
+4.32%
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¥19.95bn
FY2016FY2025
Net income
CN¥289.6m
FY2016FY2025
Free cash flow
−CN¥406.8m
FY2016FY2025
Shareholders' equity
CN¥13.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥19.95bn | CN¥19.10bn | CN¥22.64bn | CN¥24.43bn | CN¥26.78bn | CN¥25.28bn | CN¥24.80bn | CN¥23.23bn | CN¥18.98bn | CN¥18.20bn |
| Gross profit | CN¥1.48bn | CN¥1.49bn | CN¥1.88bn | CN¥1.80bn | CN¥2.15bn | CN¥2.08bn | CN¥2.04bn | CN¥1.97bn | CN¥1.28bn | CN¥1.16bn |
| Operating income | CN¥673.2m | CN¥821.5m | CN¥1.26bn | CN¥1.08bn | CN¥1.35bn | CN¥1.39bn | CN¥1.25bn | CN¥1.26bn | CN¥739.7m | CN¥613.3m |
| Net income | CN¥289.6m | CN¥350.5m | CN¥760.4m | CN¥704.8m | CN¥788.5m | CN¥794.1m | CN¥856.7m | CN¥874.2m | CN¥608.9m | CN¥526.9m |
| Diluted earnings per share | 0.56 | 0.67 | 1.45 | 1.33 | 1.41 | 1.41 | 1.52 | 1.55 | 1.04 | 0.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥42.25bn | CN¥38.65bn | CN¥41.48bn | CN¥48.82bn | CN¥48.92bn | CN¥42.17bn | CN¥34.82bn | CN¥29.56bn | CN¥27.96bn | CN¥22.71bn |
| Cash and short-term investments | CN¥10.04bn | CN¥7.62bn | CN¥8.35bn | CN¥8.18bn | CN¥8.61bn | CN¥8.30bn | CN¥6.37bn | CN¥4.30bn | CN¥2.92bn | CN¥4.37bn |
| Total liabilities | CN¥28.60bn | CN¥27.07bn | CN¥30.37bn | CN¥36.97bn | CN¥37.57bn | CN¥31.82bn | CN¥25.23bn | CN¥20.99bn | CN¥20.47bn | CN¥15.71bn |
| Debt | CN¥4.06bn | CN¥3.67bn | CN¥3.04bn | CN¥2.99bn | CN¥4.07bn | CN¥4.66bn | CN¥2.82bn | CN¥3.20bn | CN¥2.33bn | CN¥1.49bn |
| Shareholders' equity | CN¥13.13bn | CN¥11.11bn | CN¥10.76bn | CN¥11.40bn | CN¥10.87bn | CN¥9.98bn | CN¥9.19bn | CN¥8.34bn | CN¥7.32bn | CN¥6.83bn |
| Shares outstanding | 521m | 521m | 526m | 530m | 561m | 563m | 563m | 563m | 586m | 612m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥128.9m | −CN¥20.9m | CN¥1.22bn | CN¥1.30bn | CN¥1.35bn | CN¥1.88bn | CN¥71.4m | CN¥1.58bn | −CN¥2.38bn | CN¥944.6m |
| Capital spending | −CN¥277.9m | −CN¥228.2m | −CN¥579.8m | −CN¥433.7m | −CN¥464.2m | −CN¥433.7m | −CN¥782.1m | −CN¥398.1m | −CN¥295.9m | −CN¥232.4m |
| Free cash flow | −CN¥406.8m | −CN¥249.1m | CN¥644.0m | CN¥869.8m | CN¥880.8m | CN¥1.44bn | −CN¥710.7m | CN¥1.18bn | −CN¥2.68bn | CN¥712.2m |
| Dividends paid | −CN¥60.9m | — | — | — | — | — | — | — | — | −CN¥61.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.54bn | CN¥11.44bn | CN¥8.50bn | CN¥8.18bn | CN¥10.92bn | CN¥10.39bn | CN¥14.32bn | CN¥11.42bn |
| Gross profit | CN¥367.2m | CN¥971.4m | CN¥508.7m | CN¥663.9m | CN¥825.4m | CN¥870.8m | CN¥1.19bn | CN¥1.23bn |
| Operating income | −CN¥21.4m | CN¥419.6m | CN¥253.6m | CN¥287.5m | CN¥534.0m | CN¥307.0m | CN¥982.5m | CN¥649.6m |
| Net income | −CN¥71.4m | CN¥148.7m | CN¥141.0m | CN¥30.8m | CN¥319.7m | CN¥157.8m | CN¥704.7m | CN¥463.0m |
| Diluted earnings per share | -0.14 | 0.29 | 0.27 | 0.06 | 0.61 | 0.30 | 1.34 | 0.87 |
| Cash from operations | CN¥1.44bn | −CN¥659.0m | CN¥475.0m | CN¥102.0m | −CN¥123.0m | CN¥1.27bn | CN¥164.0m | CN¥708.0m |
| Capital spending | — | −CN¥105.0m | −CN¥159.0m | −CN¥87.0m | −CN¥87.0m | −CN¥523.0m | −CN¥154.0m | −CN¥9.0m |
| Free cash flow | — | −CN¥764.0m | CN¥316.0m | CN¥15.0m | −CN¥210.0m | CN¥743.0m | CN¥10.0m | CN¥699.0m |
| Total assets | CN¥41.58bn | CN¥42.25bn | CN¥44.35bn | CN¥38.65bn | CN¥39.89bn | CN¥41.48bn | CN¥47.53bn | CN¥48.82bn |
| Cash and short-term investments | CN¥11.98bn | CN¥10.04bn | CN¥9.47bn | CN¥7.62bn | CN¥7.97bn | CN¥8.35bn | CN¥8.71bn | CN¥8.18bn |
| Debt | CN¥3.49bn | CN¥4.06bn | CN¥4.53bn | CN¥3.67bn | CN¥3.35bn | CN¥3.04bn | CN¥3.39bn | CN¥2.99bn |
| Shareholders' equity | CN¥12.90bn | CN¥13.13bn | CN¥13.03bn | CN¥11.11bn | CN¥10.99bn | CN¥10.76bn | CN¥12.31bn | CN¥11.40bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 7.4% | 7.8% | 8.3% | 7.4% | 8.0% | 8.2% | — | — | — |
| Operating margin | 2.8% | 3.4% | 6.0% | 3.5% | 4.2% | 4.9% | — | — | — |
| Net margin | 1.5% | 1.8% | 3.4% | 2.9% | 2.9% | 3.1% | — | — | — |
| Return on equity | 2.2% | 3.2% | 7.1% | 6.2% | 7.3% | 8.0% | — | — | — |
| Return on assets | 0.7% | 0.9% | 1.8% | 1.4% | 1.6% | 1.9% | — | — | — |
| Free cash flow yield | 10.1% | 16.4% | 141.4% | 115.6% | 113.8% | 144.8% | — | — | — |
| Revenue growth | -10.7% | -15.6% | 8.4% | -8.8% | 6.0% | 1.9% | — | — | — |
| Earnings growth | -29.3% | -53.9% | 26.2% | -10.6% | -0.7% | -7.3% | — | — | — |
| Current ratio | 1.27x | 1.22x | 1.20x | 1.17x | 1.17x | 1.23x | — | — | — |
| Debt to equity | 0.31x | 0.33x | 0.28x | 0.26x | 0.37x | 0.47x | — | — | — |
| Equity ratio | 31.1% | 28.7% | 25.9% | 23.4% | 22.2% | 23.7% | — | — | — |
| Interest coverage | 18.50x | 19.85x | 76.43x | 19.59x | 13.06x | 14.20x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | -0.0% | 1.1% | 0.7% | 5.5% | 0.4% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.5% | -4.6% | 0.9% |
| Operating income | -14.6% | -13.5% | -1.4% |
| Net income | -25.7% | -18.3% | -6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.6% | 7.7% | 7.9% | 7.7% |
| Operating margin | 3.8% | 4.5% | 4.8% | 4.6% |
| Net margin | 1.6% | 2.4% | 2.7% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.4 | 6.0 | 3.0 | 2.6 | 2.3 | 2.3 | 2.9 | 2.5 | 4.4 | 5.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 18 Jun 2025.
| FY2025 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.118 | 0.127 | 0.10 | 0.21 | 0.21 | 0.16 | 0.13 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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