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Communication Services · HKEX · 🇭🇰 Hong Kong

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44.68

-0.80%

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.

FY2025

Revenue

CN¥6.72bn

FY2016FY2025

Net income

CN¥1.79bn

FY2016FY2025

Free cash flow

CN¥1.62bn

FY2016FY2025

Shareholders' equity

CN¥4.45bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥6.72bnCN¥5.01bnCN¥3.39bnCN¥4.00bnCN¥3.15bnCN¥2.85bnCN¥2.84bnCN¥1.89bnCN¥1.34bnCN¥765.5m
Gross profitCN¥4.96bnCN¥3.48bnCN¥2.07bnCN¥2.14bnCN¥1.43bnCN¥1.53bnCN¥1.77bnCN¥1.11bnCN¥602.7mCN¥340.7m
Research and developmentCN¥1.14bnCN¥919.4mCN¥1.02bnCN¥1.50bnCN¥1.45bnCN¥657.5mCN¥317.6mCN¥197.8mCN¥117.4mCN¥79.4m
Operating incomeCN¥1.96bnCN¥914.8m−CN¥5.2m−CN¥659.9m−CN¥1.17bnCN¥87.7mCN¥529.3mCN¥386.4mCN¥133.9mCN¥42.6m
Net incomeCN¥1.79bnCN¥811.5m−CN¥83.0m−CN¥645.6m−CN¥1.01bnCN¥9.1mCN¥513.4mCN¥285.0mCN¥116.6mCN¥25.2m
Diluted earnings per share3.521.67-0.18-1.37-2.130.021.430.800.280.06

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥6.09bnCN¥4.58bnCN¥5.14bnCN¥5.59bnCN¥5.88bnCN¥3.34bnCN¥2.87bnCN¥1.72bnCN¥1.31bnCN¥710.0m
Cash and short-term investmentsCN¥4.40bnCN¥3.39bnCN¥3.91bnCN¥4.19bnCN¥4.62bnCN¥2.32bnCN¥1.83bnCN¥729.9mCN¥693.7mCN¥223.8m
Total liabilitiesCN¥1.37bnCN¥1.41bnCN¥2.96bnCN¥3.37bnCN¥3.10bnCN¥764.6mCN¥579.5mCN¥382.1mCN¥352.8mCN¥200.1m
DebtCN¥104.5mCN¥159.2mCN¥1.76bnCN¥2.10bnCN¥1.82bnCN¥130.0mCN¥39.5mCN¥60.8mCN¥34.9mCN¥45.5m
Shareholders' equityCN¥4.45bnCN¥2.93bnCN¥1.99bnCN¥2.20bnCN¥2.69bnCN¥2.30bnCN¥1.87bnCN¥1.08bnCN¥838.0mCN¥499.8m
Shares outstanding508m486m472m472m472m445m359m355m424m424m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥2.00bnCN¥1.28bnCN¥274.6m−CN¥382.5m−CN¥554.3mCN¥348.2mCN¥860.8mCN¥173.6mCN¥295.7m−CN¥8.7m
Capital spending−CN¥375.6m−CN¥27.6m−CN¥19.2m−CN¥43.3m−CN¥107.0m−CN¥72.5m−CN¥139.9m−CN¥173.0m−CN¥34.8m−CN¥34.3m
Free cash flowCN¥1.62bnCN¥1.25bnCN¥255.4m−CN¥425.7m−CN¥661.3mCN¥275.7mCN¥720.9mCN¥588,000CN¥260.9m−CN¥42.9m
Dividends paid−CN¥209.2m——————−CN¥52.9m−CN¥35.0m—

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Dec 2022
RevenueCN¥3.81bnCN¥3.13bnCN¥3.60bnCN¥2.79bnCN¥2.22bnCN¥1.64bnCN¥2.04bnCN¥2.14bn
Gross profitCN¥2.68bnCN¥2.34bnCN¥2.63bnCN¥1.98bnCN¥1.50bnCN¥1.03bnCN¥1.21bnCN¥1.23bn
Operating incomeCN¥896.7mCN¥954.8mCN¥1.00bnCN¥644.3mCN¥270.5m−CN¥127.9mCN¥135.1m−CN¥222.2m
Net incomeCN¥821.7mCN¥910.3mCN¥880.5mCN¥606.4mCN¥205.1m−CN¥173.2mCN¥105.2m−CN¥195.3m
Diluted earnings per share1.651.791.731.250.42-0.370.22-0.41
Cash from operations—CN¥1.25bnCN¥813.0mCN¥900.0mCN¥379.0mCN¥118.0mCN¥155.0m−CN¥178.0m
Capital spending—−CN¥7.0m−CN¥4.0m−CN¥2.0m−CN¥1.0m−CN¥2.0m−CN¥1.0m−CN¥3.0m
Free cash flow—CN¥1.25bnCN¥809.0mCN¥898.0mCN¥378.0mCN¥116.0mCN¥154.0m−CN¥181.0m
Total assetsCN¥6.44bnCN¥6.09bnCN¥5.26bnCN¥3.92bnCN¥3.38bnCN¥4.41bnCN¥5.60bnCN¥5.59bn
Cash and short-term investmentsCN¥4.55bnCN¥4.40bnCN¥3.71bnCN¥2.91bnCN¥2.28bnCN¥3.35bnCN¥4.35bnCN¥4.19bn
DebtCN¥33.7mCN¥52.2mCN¥155.6mCN¥159.2mCN¥316.5mCN¥1.76bnCN¥2.49bnCN¥2.45bn
Shareholders' equityCN¥4.71bnCN¥4.45bnCN¥3.49bnCN¥2.51bnCN¥1.74bnCN¥1.71bnCN¥2.35bnCN¥2.20bn

Financial ratios

Data as of 21 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin73.8%69.4%61.0%53.5%45.4%53.8%
Operating margin29.1%18.3%-0.2%-16.5%-37.1%3.1%
Net margin26.6%16.2%-2.5%-16.1%-32.0%0.3%
Return on equity40.3%32.3%-4.9%-29.3%-37.5%0.4%
Return on assets29.4%20.7%-1.9%-11.5%-17.1%0.3%
Free cash flow yield10.2%6.8%1.4%-1.6%-2.1%2.4%
Revenue growth15.0%47.9%-1.2%26.9%-5.1%0.3%
Earnings growth89.2%-1077.3%-85.0%-35.9%-9545.7%-98.2%
Current ratio3.97x3.10x1.56x4.47x4.67x4.07x
Debt to equity0.02x0.02x0.93x1.00x0.75x0.02x
Equity ratio73.0%64.1%38.8%39.4%45.7%68.7%
Interest coverage250.32x48.86x-0.05x-10.16x-25.51x25.30x
R&D as a share of sales17.0%18.3%30.0%37.4%46.0%23.1%
Buybacks as a share of market value-4.6%-3.0%-0.0%0.0%-6.0%-24.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue19.2%18.8%—
Operating income—86.1%—
Net income—187.3%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin71.9%66.1%62.1%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings16.113.0-50.2-13.7-16.0—10.3
Price to sales4.32.11.22.25.16.41.9

Dividends and splits

Per share, in the currency the company pays

Paid for 1 years. Last went ex-dividend on 4 Jun 2025.

FY2025
Paid in the year0.40

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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