A 
4.20
-2.33%
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¥15.58bn
FY2021FY2025
Net income
CN¥183.3m
FY2021FY2025
Free cash flow
CN¥435.2m
FY2021FY2025
Shareholders' equity
CN¥3.66bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.58bn | CN¥12.50bn | CN¥10.14bn | CN¥8.29bn | CN¥10.59bn |
| Gross profit | CN¥4.10bn | CN¥3.85bn | CN¥3.50bn | CN¥2.89bn | CN¥2.21bn |
| Research and development | CN¥207.1m | CN¥151.8m | CN¥139.1m | CN¥166.6m | CN¥206.5m |
| Operating income | CN¥485.9m | CN¥847.3m | CN¥901.6m | CN¥419.5m | −CN¥1.16bn |
| Net income | CN¥183.3m | CN¥588.8m | CN¥621.1m | CN¥255.7m | −CN¥678.1m |
| Diluted earnings per share | 0.45 | 1.42 | 1.50 | 0.62 | -1.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥11.84bn | CN¥10.25bn | CN¥6.04bn | CN¥5.79bn | CN¥5.21bn |
| Cash and short-term investments | CN¥2.60bn | CN¥1.62bn | CN¥957.2m | CN¥832.3m | CN¥846.0m |
| Total liabilities | CN¥8.16bn | CN¥6.62bn | CN¥3.39bn | CN¥3.71bn | CN¥3.43bn |
| Debt | CN¥5.71bn | CN¥3.94bn | CN¥1.50bn | CN¥1.87bn | CN¥1.20bn |
| Shareholders' equity | CN¥3.66bn | CN¥3.60bn | CN¥2.64bn | CN¥2.06bn | CN¥1.76bn |
| Shares outstanding | 411m | 415m | 415m | 415m | 415m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥736.6m | CN¥625.2m | CN¥684.6m | CN¥711.9m | −CN¥1.39bn |
| Capital spending | −CN¥301.3m | −CN¥194.1m | −CN¥37.7m | −CN¥39.2m | −CN¥72.9m |
| Free cash flow | CN¥435.2m | CN¥431.0m | CN¥646.8m | CN¥672.7m | −CN¥1.47bn |
| Dividends paid | −CN¥121.2m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.36bn | CN¥9.29bn | CN¥6.41bn | CN¥7.44bn | CN¥5.10bn |
| Gross profit | CN¥2.18bn | CN¥2.30bn | CN¥1.83bn | CN¥2.12bn | CN¥1.75bn |
| Operating income | CN¥245.6m | CN¥213.9m | CN¥297.4m | CN¥417.8m | CN¥427.7m |
| Net income | CN¥47.4m | CN¥61.2m | CN¥123.4m | CN¥286.5m | CN¥304.7m |
| Diluted earnings per share | 0.12 | 0.15 | 0.30 | 0.69 | 0.73 |
| Cash from operations | — | CN¥279.0m | CN¥185.0m | CN¥625.0m | CN¥247.0m |
| Capital spending | — | −CN¥189.0m | −CN¥101.0m | −CN¥194.0m | −CN¥68.0m |
| Free cash flow | — | CN¥90.0m | CN¥84.0m | CN¥431.0m | CN¥179.0m |
| Total assets | CN¥11.86bn | CN¥11.84bn | CN¥10.44bn | CN¥10.25bn | — |
| Cash and short-term investments | CN¥2.35bn | CN¥2.60bn | CN¥1.53bn | CN¥1.62bn | — |
| Debt | CN¥2.23bn | CN¥5.71bn | CN¥5.00bn | CN¥1.41bn | — |
| Shareholders' equity | CN¥3.66bn | CN¥3.66bn | CN¥3.58bn | CN¥3.60bn | — |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 26.3% | 30.8% | 34.5% | 34.9% | 20.9% | — | 60.8% | — | — |
| Operating margin | 3.3% | 7.0% | 8.4% | 4.3% | -7.8% | — | 8.6% | — | — |
| Net margin | 1.2% | 4.7% | 6.1% | 3.1% | -6.4% | — | 6.3% | — | — |
| Return on equity | 5.0% | 16.4% | 23.5% | 12.4% | -38.6% | — | 28.2% | — | — |
| Return on assets | 1.5% | 5.7% | 10.3% | 4.4% | -13.0% | — | 17.1% | — | — |
| Free cash flow yield | 38.4% | 34.0% | — | — | — | — | -1.4% | -18.6% | -194.8% |
| Revenue growth | 24.6% | 23.3% | 22.3% | -21.7% | 142.7% | — | 68.5% | — | — |
| Earnings growth | -68.9% | -5.2% | 142.9% | -137.7% | -346.2% | — | 82.9% | — | — |
| Current ratio | 1.49x | 1.78x | 1.74x | 1.24x | 1.22x | — | 2.36x | — | — |
| Debt to equity | 0.69x | 0.39x | 0.36x | 0.67x | 0.68x | — | 0.22x | — | — |
| Equity ratio | 30.9% | 35.1% | 43.7% | 35.5% | 33.8% | — | 60.5% | — | — |
| Interest coverage | 1.72x | 6.15x | 8.05x | 4.21x | -22.75x | — | — | — | — |
| R&D as a share of sales | 1.3% | 1.2% | 1.4% | 2.0% | 1.9% | — | — | — | — |
| Buybacks as a share of market value | -4.3% | -366.2% | — | — | — | -2.1% | -10.5% | -455.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.7% | — | — |
| Operating income | 5.0% | — | — |
| Net income | -10.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.3% | 30.8% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 11.8 | 8.2 |
| Price to sales | 0.1 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 11 Feb 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.271 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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