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48.46
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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¥110.14bn
FY2017FY2025
Net income
CN¥3.49bn
FY2017FY2025
Free cash flow
−CN¥1.11bn
FY2017FY2025
Shareholders' equity
CN¥77.37bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥110.14bn | CN¥108.83bn | CN¥90.57bn | CN¥70.65bn | CN¥94.04bn | CN¥82.08bn | CN¥53.58bn | CN¥33.36bn | CN¥29.70bn |
| Gross profit | CN¥23.54bn | CN¥26.72bn | CN¥25.29bn | CN¥16.05bn | CN¥18.42bn | CN¥19.63bn | CN¥13.12bn | CN¥8.00bn | CN¥5.55bn |
| Research and development | CN¥3.01bn | CN¥2.66bn | CN¥2.26bn | CN¥2.96bn | CN¥3.72bn | CN¥2.89bn | CN¥1.83bn | CN¥781.3m | CN¥293.2m |
| Operating income | CN¥3.29bn | CN¥5.41bn | CN¥6.58bn | −CN¥19.2m | CN¥526.1m | CN¥3.31bn | −CN¥2.08bn | −CN¥1.42bn | −CN¥889.6m |
| Net income | CN¥3.49bn | CN¥4.73bn | CN¥6.85bn | −CN¥1.61bn | −CN¥610.4m | CN¥3.23bn | −CN¥2.54bn | −CN¥544.8m | −CN¥668.9m |
| Diluted earnings per share | 1.02 | 1.34 | 1.93 | -0.45 | -0.17 | 1.31 | -1.83 | -0.46 | -0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥135.86bn | CN¥155.05bn | CN¥140.13bn | CN¥127.34bn | CN¥116.82bn | CN¥121.45bn | CN¥78.33bn | CN¥45.26bn | CN¥36.78bn |
| Cash and short-term investments | CN¥55.14bn | CN¥61.44bn | CN¥62.76bn | CN¥63.93bn | CN¥58.05bn | CN¥65.98bn | CN¥30.47bn | CN¥13.55bn | CN¥14.93bn |
| Total liabilities | CN¥58.39bn | CN¥71.85bn | CN¥56.05bn | CN¥46.92bn | CN¥38.74bn | CN¥43.67bn | CN¥41.61bn | CN¥27.96bn | CN¥22.29bn |
| Debt | CN¥13.75bn | CN¥288.3m | CN¥290.4m | CN¥619.0m | CN¥454.2m | CN¥1.53bn | CN¥7.91bn | CN¥1.25bn | CN¥1.38bn |
| Shareholders' equity | CN¥77.37bn | CN¥83.06bn | CN¥83.96bn | CN¥80.26bn | CN¥77.99bn | CN¥77.75bn | CN¥36.62bn | CN¥17.29bn | CN¥14.41bn |
| Shares outstanding | 3,414m | 3,540m | 3,557m | 3,605m | 3,559m | 2,470m | 1,386m | 1,189m | 1,143m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥426.1m | CN¥11.00bn | CN¥12.99bn | CN¥9.85bn | CN¥4.19bn | CN¥10.90bn | CN¥131.2m | CN¥3.75bn | −CN¥7.52bn |
| Capital spending | −CN¥688.4m | −CN¥1.21bn | −CN¥1.02bn | −CN¥923.5m | −CN¥1.67bn | −CN¥1.03bn | −CN¥818.7m | −CN¥632.2m | −CN¥669.8m |
| Free cash flow | −CN¥1.11bn | CN¥9.79bn | CN¥11.98bn | CN¥8.93bn | CN¥2.52bn | CN¥9.87bn | −CN¥687.5m | CN¥3.11bn | −CN¥8.19bn |
| Dividends paid | −CN¥3.26bn | −CN¥3.30bn | −CN¥1.66bn | −CN¥65.0m | −CN¥89.2m | −CN¥45.0m | −CN¥32.62bn | — | −CN¥148.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥28.50bn | CN¥22.00bn | CN¥25.48bn | CN¥26.84bn | CN¥30.29bn | CN¥27.17bn | CN¥36.25bn | CN¥26.30bn |
| Gross profit | CN¥8.14bn | CN¥5.31bn | CN¥5.46bn | CN¥5.75bn | CN¥6.64bn | CN¥5.61bn | CN¥8.35bn | CN¥5.98bn |
| Operating income | CN¥3.51bn | CN¥1.48bn | −CN¥164.8m | CN¥806.4m | CN¥1.65bn | CN¥687.7m | CN¥1.18bn | CN¥846.6m |
| Net income | CN¥3.05bn | CN¥1.46bn | CN¥100.9m | CN¥872.5m | CN¥1.52bn | CN¥996.6m | CN¥663.8m | CN¥1.36bn |
| Diluted earnings per share | 0.91 | 0.44 | 0.03 | 0.26 | 0.44 | 0.29 | 0.19 | 0.39 |
| Cash from operations | CN¥7.60bn | −CN¥1.71bn | CN¥2.23bn | CN¥991.0m | CN¥962.0m | −CN¥4.62bn | CN¥6.06bn | CN¥522.0m |
| Capital spending | −CN¥7.60bn | −CN¥2.16bn | — | — | −CN¥561.0m | −CN¥1.21bn | — | — |
| Free cash flow | CN¥0 | −CN¥3.87bn | — | — | CN¥401.0m | −CN¥5.82bn | — | — |
| Total assets | CN¥130.91bn | CN¥130.30bn | CN¥135.95bn | CN¥138.92bn | CN¥144.04bn | CN¥152.10bn | CN¥155.05bn | CN¥143.00bn |
| Cash and short-term investments | CN¥65.25bn | CN¥62.52bn | CN¥64.70bn | CN¥57.05bn | CN¥52.38bn | CN¥52.00bn | CN¥61.44bn | CN¥61.99bn |
| Debt | CN¥10.78bn | CN¥12.26bn | CN¥13.76bn | CN¥14.92bn | CN¥15.39bn | CN¥16.03bn | CN¥16.32bn | CN¥15.38bn |
| Shareholders' equity | CN¥76.32bn | CN¥74.68bn | CN¥77.42bn | CN¥79.00bn | CN¥80.02bn | CN¥80.16bn | CN¥83.06bn | CN¥82.42bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.4% | 24.6% | 27.9% | 26.4% | 23.6% | 26.9% |
| Operating margin | 2.4% | 4.0% | 6.2% | -1.4% | -1.7% | 4.0% |
| Net margin | 3.2% | 4.3% | 7.6% | -2.3% | -0.6% | 3.9% |
| Return on equity | 4.4% | 5.7% | 8.2% | -2.0% | -0.8% | 4.2% |
| Return on assets | 2.5% | 3.1% | 4.9% | -1.1% | -0.4% | 2.2% |
| Free cash flow yield | 0.1% | 6.5% | 7.4% | 5.7% | 3.3% | 9.2% |
| Revenue growth | -1.4% | 20.2% | 28.2% | -24.9% | 14.6% | 53.4% |
| Earnings growth | -28.3% | -30.9% | -524.5% | 164.5% | -118.9% | -227.4% |
| Current ratio | 1.61x | 1.45x | 1.76x | 2.11x | 2.42x | 2.60x |
| Debt to equity | 0.18x | 0.20x | 0.13x | 0.08x | 0.05x | 0.06x |
| Equity ratio | 56.9% | 53.6% | 59.9% | 56.1% | 54.6% | 54.0% |
| Interest coverage | 292.47x | 131.87x | 170.39x | -57.50x | -114.28x | 15.07x |
| R&D as a share of sales | 2.7% | 2.4% | 2.5% | 4.9% | 4.8% | 4.0% |
| Buybacks as a share of market value | 3.5% | 0.5% | 1.3% | -1.3% | -44.1% | -78.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.9% | 6.1% | — |
| Operating income | — | -0.1% | — |
| Net income | — | 1.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.0% | 24.1% | 23.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 36.6 | 33.3 | 20.4 | -75.5 |
| Price to sales | 1.2 | 1.4 | 1.6 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 2 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.721 | 0.12 | 0.117 | 0.057 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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