C 
2.73
+0.37%
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¥55.62bn
FY2016FY2025
Net income
CN¥3.86bn
FY2016FY2025
Free cash flow
−CN¥1.58bn
FY2016FY2025
Shareholders' equity
CN¥68.31bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥55.62bn | CN¥65.47bn | CN¥53.73bn | CN¥51.70bn | CN¥41.85bn | CN¥33.37bn | CN¥32.49bn | CN¥27.15bn | CN¥23.39bn | CN¥22.14bn |
| Research and development | CN¥333.4m | CN¥410.4m | CN¥356.7m | CN¥266.1m | CN¥244.5m | CN¥126.4m | CN¥90.5m | CN¥21.0m | CN¥11.6m | CN¥19.2m |
| Operating income | CN¥12.96bn | CN¥19.85bn | CN¥10.15bn | CN¥8.86bn | CN¥5.95bn | CN¥7.42bn | CN¥6.97bn | CN¥4.90bn | CN¥3.58bn | CN¥5.99bn |
| Net income | CN¥3.86bn | CN¥4.50bn | CN¥3.59bn | CN¥3.08bn | −CN¥298.4m | CN¥1.99bn | CN¥1.50bn | CN¥1.28bn | CN¥926.1m | CN¥2.76bn |
| Diluted earnings per share | 0.31 | 0.36 | 0.29 | 0.27 | -0.03 | 0.20 | 0.15 | 0.13 | 0.11 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥428.21bn | CN¥396.46bn | CN¥356.12bn | CN¥246.18bn | CN¥204.08bn | CN¥181.60bn | CN¥163.37bn | CN¥145.52bn | CN¥114.15bn | CN¥106.19bn |
| Cash and short-term investments | CN¥7.68bn | CN¥7.17bn | CN¥6.75bn | CN¥7.77bn | CN¥3.88bn | CN¥2.03bn | CN¥1.57bn | CN¥2.43bn | CN¥5.33bn | CN¥2.11bn |
| Total liabilities | CN¥290.70bn | CN¥271.24bn | CN¥245.46bn | CN¥166.31bn | CN¥143.08bn | CN¥128.28bn | CN¥110.81bn | CN¥95.62bn | CN¥70.84bn | CN¥65.90bn |
| Debt | CN¥239.86bn | CN¥197.36bn | CN¥168.71bn | CN¥116.61bn | CN¥105.92bn | CN¥91.43bn | CN¥78.57bn | CN¥64.92bn | CN¥51.64bn | CN¥47.73bn |
| Shareholders' equity | CN¥68.31bn | CN¥63.93bn | CN¥62.46bn | CN¥54.70bn | CN¥41.98bn | CN¥38.89bn | CN¥35.31bn | CN¥34.88bn | CN¥34.70bn | CN¥31.75bn |
| Shares outstanding | 12,386m | 12,370m | 12,370m | 11,462m | 9,936m | 9,807m | 9,807m | 9,807m | 8,557m | 7,358m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥21.69bn | CN¥12.37bn | CN¥11.53bn | CN¥6.67bn | CN¥1.80bn | CN¥6.41bn | CN¥6.01bn | CN¥3.24bn | CN¥3.65bn | CN¥7.12bn |
| Capital spending | −CN¥23.28bn | −CN¥31.42bn | −CN¥29.66bn | −CN¥20.49bn | −CN¥19.99bn | −CN¥18.83bn | −CN¥17.70bn | −CN¥10.98bn | −CN¥8.80bn | −CN¥9.98bn |
| Free cash flow | −CN¥1.58bn | −CN¥19.05bn | −CN¥18.12bn | −CN¥13.82bn | −CN¥18.19bn | −CN¥12.42bn | −CN¥11.69bn | −CN¥7.74bn | −CN¥5.15bn | −CN¥2.86bn |
| Dividends paid | −CN¥2.27bn | −CN¥3.15bn | −CN¥2.08bn | −CN¥804.5m | −CN¥1.65bn | −CN¥1.48bn | −CN¥1.26bn | −CN¥945.5m | −CN¥1.36bn | −CN¥1.99bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.79bn | CN¥26.89bn | CN¥28.72bn | CN¥33.84bn | CN¥31.63bn | CN¥28.30bn | CN¥25.44bn | CN¥27.75bn |
| Operating income | CN¥2.59bn | −CN¥1.65bn | CN¥8.86bn | CN¥5.47bn | CN¥8.69bn | CN¥4.93bn | CN¥5.19bn | CN¥1.90bn |
| Net income | CN¥1.73bn | CN¥652.0m | CN¥3.30bn | CN¥1.23bn | CN¥3.26bn | CN¥1.44bn | CN¥1.96bn | CN¥1.98bn |
| Diluted earnings per share | 0.14 | 0.05 | 0.27 | 0.10 | 0.26 | 0.12 | 0.16 | 0.17 |
| Cash from operations | CN¥8.17bn | CN¥13.23bn | CN¥8.70bn | CN¥6.05bn | CN¥6.31bn | CN¥7.75bn | CN¥3.78bn | −CN¥1.05bn |
| Capital spending | −CN¥9.57bn | −CN¥12.68bn | −CN¥11.21bn | −CN¥18.52bn | −CN¥12.90bn | −CN¥18.20bn | −CN¥10.51bn | −CN¥10.61bn |
| Free cash flow | −CN¥1.41bn | CN¥550.0m | −CN¥2.51bn | −CN¥12.46bn | −CN¥6.59bn | −CN¥10.45bn | −CN¥6.72bn | −CN¥11.65bn |
| Total assets | CN¥434.42bn | CN¥428.21bn | CN¥410.74bn | CN¥396.46bn | CN¥379.14bn | CN¥356.12bn | CN¥258.84bn | CN¥246.18bn |
| Cash and short-term investments | CN¥12.09bn | CN¥7.68bn | CN¥10.36bn | CN¥7.17bn | CN¥7.35bn | CN¥6.75bn | CN¥9.52bn | CN¥7.77bn |
| Debt | CN¥73.52bn | CN¥244.93bn | CN¥238.46bn | CN¥229.83bn | CN¥213.22bn | CN¥196.59bn | CN¥138.42bn | CN¥135.91bn |
| Shareholders' equity | CN¥65.87bn | CN¥68.31bn | CN¥64.43bn | CN¥63.93bn | CN¥64.22bn | CN¥62.46bn | CN¥58.87bn | CN¥54.70bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 23.3% | 30.3% | 18.9% | 17.1% | 14.2% | 22.2% |
| Net margin | 6.9% | 6.9% | 6.7% | 6.0% | -0.7% | 6.0% |
| Return on equity | 5.7% | 7.0% | 5.8% | 5.6% | -0.7% | 5.1% |
| Return on assets | 0.9% | 1.1% | 1.0% | 1.3% | -0.1% | 1.1% |
| Free cash flow yield | 118.1% | 115.1% | 108.3% | 77.1% | 71.3% | 83.7% |
| Revenue growth | -15.1% | 21.9% | 3.9% | 23.6% | 25.4% | 2.7% |
| Earnings growth | -14.1% | 25.2% | 16.5% | -1133.4% | -115.0% | 33.0% |
| Current ratio | 0.62x | 0.55x | 0.61x | 0.67x | 0.41x | 0.42x |
| Debt to equity | 3.51x | 3.52x | 3.08x | 2.42x | 2.85x | 2.62x |
| Equity ratio | 16.0% | 16.1% | 17.5% | 22.2% | 20.6% | 21.4% |
| Interest coverage | 2.29x | 3.39x | 2.05x | 1.78x | 1.31x | 1.88x |
| R&D as a share of sales | 0.6% | 0.6% | 0.7% | 0.5% | 0.6% | 0.4% |
| Buybacks as a share of market value | -0.1% | 0.0% | -7.9% | -15.4% | -1.3% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.5% | 10.8% | 8.9% |
| Operating income | 13.5% | 11.8% | 4.5% |
| Net income | 7.8% | 14.2% | -2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 27.1% | 22.9% | 21.6% | 22.1% |
| Net margin | 6.9% | 6.6% | 5.5% | 6.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.3 | 8.2 | 9.0 | 11.0 | -142.9 | 6.9 | 9.8 | 12.0 | 15.8 | 6.3 |
| Price to sales | 0.7 | 0.6 | 0.6 | 0.7 | 1.0 | 0.4 | 0.5 | 0.6 | 0.6 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 10 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.191 | 0.175 | 0.21 | 0.126 | 0.062 | 0.156 | 0.143 | 0.129 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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