F 
0.21
-3.18%
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¥3.12bn
FY2019FY2025
Net income
CN¥230.8m
FY2019FY2025
Free cash flow
CN¥252.0m
FY2019FY2025
Shareholders' equity
CN¥1.53bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.12bn | CN¥2.79bn | CN¥3.02bn | CN¥2.81bn | CN¥3.43bn | CN¥2.13bn | CN¥1.35bn |
| Gross profit | CN¥1.67bn | CN¥1.46bn | CN¥1.57bn | CN¥1.37bn | CN¥840.9m | CN¥489.9m | CN¥624.6m |
| Research and development | CN¥285.0m | CN¥221.1m | CN¥251.4m | CN¥196.6m | CN¥287.0m | CN¥124.4m | CN¥121.3m |
| Operating income | CN¥219.9m | CN¥227.2m | CN¥181.0m | CN¥19.1m | −CN¥2.04bn | −CN¥509.9m | CN¥216.7m |
| Net income | CN¥230.8m | CN¥239.6m | CN¥188.6m | −CN¥2.09bn | −CN¥2.05bn | −CN¥484.5m | CN¥179.5m |
| Diluted earnings per share | 0.11 | 0.11 | 0.08 | -2.86 | -2.81 | -0.23 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.15bn | CN¥2.19bn | CN¥2.47bn | CN¥1.90bn | CN¥2.14bn | CN¥1.37bn | CN¥752.4m |
| Cash and short-term investments | CN¥1.43bn | CN¥1.42bn | CN¥1.89bn | CN¥1.29bn | CN¥1.17bn | CN¥684.3m | CN¥514.8m |
| Total liabilities | CN¥629.5m | CN¥784.5m | CN¥995.7m | CN¥14.56bn | CN¥10.38bn | CN¥7.95bn | CN¥545.5m |
| Debt | CN¥36.2m | CN¥90.6m | CN¥118.3m | CN¥11.83bn | CN¥9.19bn | CN¥6.70bn | CN¥67.0m |
| Shareholders' equity | CN¥1.53bn | CN¥1.40bn | CN¥1.48bn | −CN¥12.65bn | −CN¥8.23bn | −CN¥6.58bn | CN¥206.9m |
| Shares outstanding | 2,197m | 2,118m | 2,320m | 729m | 729m | 2,097m | 2,097m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥263.6m | CN¥291.0m | CN¥684.8m | −CN¥97.8m | −CN¥915.1m | CN¥459.1m | CN¥505.7m |
| Capital spending | −CN¥11.6m | −CN¥21.2m | −CN¥65.5m | −CN¥42.1m | −CN¥219.3m | −CN¥135.6m | −CN¥16.1m |
| Free cash flow | CN¥252.0m | CN¥269.7m | CN¥619.2m | −CN¥139.9m | −CN¥1.13bn | CN¥323.6m | CN¥489.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.43bn | CN¥1.38bn | CN¥1.74bn | CN¥1.16bn | CN¥675.2m | CN¥1.63bn | CN¥949.6m | CN¥1.34bn |
| Gross profit | CN¥599.9m | CN¥730.8m | CN¥938.6m | CN¥580.8m | CN¥338.3m | CN¥883.2m | CN¥514.4m | CN¥714.1m |
| Operating income | −CN¥198.1m | −CN¥35.2m | CN¥255.2m | −CN¥43.1m | −CN¥25.1m | CN¥270.3m | CN¥157.4m | CN¥91.6m |
| Net income | −CN¥210.9m | −CN¥33.2m | CN¥264.0m | −CN¥38.2m | −CN¥22.2m | CN¥277.7m | CN¥161.8m | CN¥107.1m |
| Diluted earnings per share | -0.10 | -0.02 | 0.12 | -0.02 | -0.01 | 0.13 | 0.08 | 0.05 |
| Cash from operations | CN¥7.0m | CN¥19.0m | CN¥248.0m | CN¥65.0m | — | CN¥273.0m | CN¥136.0m | CN¥247.0m |
| Capital spending | −CN¥8.0m | −CN¥6.0m | −CN¥3.0m | −CN¥14.0m | — | −CN¥7.0m | −CN¥3.0m | −CN¥54.0m |
| Free cash flow | −CN¥1.0m | CN¥13.0m | CN¥245.0m | CN¥51.0m | — | CN¥266.0m | CN¥133.0m | CN¥193.0m |
| Total assets | CN¥2.14bn | CN¥2.15bn | CN¥2.40bn | CN¥1.88bn | CN¥2.19bn | CN¥2.35bn | CN¥2.35bn | CN¥2.12bn |
| Cash and short-term investments | CN¥1.33bn | CN¥1.43bn | CN¥1.55bn | CN¥1.22bn | CN¥1.42bn | CN¥1.49bn | CN¥1.49bn | CN¥1.63bn |
| Debt | CN¥47.0m | CN¥36.2m | CN¥81.1m | CN¥90.6m | CN¥57.9m | CN¥138.2m | CN¥58.7m | −CN¥359.3m |
| Shareholders' equity | CN¥1.30bn | CN¥1.53bn | CN¥1.71bn | CN¥1.20bn | CN¥1.40bn | CN¥1.48bn | CN¥1.48bn | CN¥1.27bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 53.5% | 52.5% | 52.0% | 48.6% | 24.5% | 23.0% |
| Operating margin | 6.6% | 8.1% | 7.0% | -72.4% | -59.4% | -23.9% |
| Net margin | 7.4% | 8.6% | 6.2% | -74.3% | -59.7% | -22.7% |
| Return on equity | 15.1% | 19.9% | 14.9% | 19.2% | 24.8% | 7.4% |
| Return on assets | 10.7% | 12.8% | 8.9% | -127.8% | -95.5% | -35.4% |
| Free cash flow yield | 41.4% | 56.7% | 106.8% | -25.3% | -367.3% | — |
| Revenue growth | -4.1% | -7.7% | 7.5% | -18.0% | 60.8% | 83.7% |
| Earnings growth | -17.3% | 27.0% | -109.0% | 2.0% | 322.3% | -414.4% |
| Current ratio | 2.88x | 2.33x | 2.34x | 1.78x | 1.02x | 0.61x |
| Debt to equity | 0.02x | 0.04x | -0.34x | -1.08x | -1.08x | -0.99x |
| Equity ratio | 70.8% | 64.1% | 59.7% | -665.0% | -384.4% | -480.4% |
| Interest coverage | 50.20x | 46.68x | 34.70x | -169.08x | -101.88x | -70.47x |
| R&D as a share of sales | 9.1% | 7.9% | 8.3% | 7.0% | 8.4% | 5.8% |
| Buybacks as a share of market value | -3.7% | 8.7% | -218.4% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.5% | 7.9% | — |
| Operating income | 125.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.0% | 51.7% | 42.8% | — |
| Operating margin | 7.6% | 5.5% | -11.0% | — |
| Net margin | 8.0% | -12.2% | -22.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 17.0 | 19.6 | 48.9 |
| Price to sales | 1.3 | 1.7 | 3.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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