A 
1.49
+7.19%
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¥2.37bn
FY2021FY2025
Net income
CN¥60.4m
FY2021FY2025
Free cash flow
−CN¥207.6m
FY2021FY2025
Shareholders' equity
CN¥1.32bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.37bn | CN¥2.59bn | CN¥1.86bn | CN¥1.41bn | CN¥1.39bn |
| Gross profit | CN¥393.0m | CN¥470.5m | CN¥339.0m | CN¥235.2m | CN¥228.3m |
| Research and development | CN¥112.2m | CN¥99.4m | CN¥87.2m | CN¥30.0m | CN¥28.0m |
| Operating income | CN¥64.3m | CN¥97.3m | CN¥63.1m | CN¥4.7m | CN¥93.8m |
| Net income | CN¥60.4m | CN¥104.9m | CN¥66.4m | CN¥40.8m | CN¥85.9m |
| Diluted earnings per share | 0.11 | 0.20 | 0.12 | 0.08 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥3.09bn | CN¥3.10bn | CN¥2.40bn | CN¥2.08bn | CN¥1.98bn |
| Cash and short-term investments | CN¥612.1m | CN¥543.1m | CN¥397.4m | CN¥252.2m | CN¥275.4m |
| Total liabilities | CN¥1.76bn | CN¥1.81bn | CN¥1.37bn | CN¥1.13bn | CN¥1.07bn |
| Debt | CN¥353.1m | CN¥103.2m | CN¥80.9m | CN¥131.3m | CN¥150.2m |
| Shareholders' equity | CN¥1.32bn | CN¥1.29bn | CN¥1.03bn | CN¥890.5m | CN¥847.6m |
| Shares outstanding | 537m | 537m | 532m | 532m | 537m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥108.9m | CN¥241.8m | CN¥431.5m | CN¥125.3m | CN¥87.2m |
| Capital spending | −CN¥316.5m | −CN¥249.3m | −CN¥169.0m | −CN¥122.5m | −CN¥226.3m |
| Free cash flow | −CN¥207.6m | −CN¥7.5m | CN¥262.5m | CN¥2.8m | −CN¥139.0m |
| Dividends paid | −CN¥35.6m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥539.5m | CN¥539.5m | CN¥659.3m | CN¥659.3m | CN¥1.11bn | CN¥2.59bn | CN¥1.07bn | CN¥508.3m |
| Gross profit | CN¥65.0m | CN¥65.0m | CN¥107.9m | CN¥107.9m | CN¥167.8m | CN¥470.5m | CN¥197.0m | CN¥95.0m |
| Operating income | −CN¥19.6m | −CN¥19.6m | CN¥18.9m | CN¥18.9m | CN¥16.0m | CN¥116.7m | CN¥54.6m | CN¥25.4m |
| Net income | −CN¥28.2m | −CN¥28.2m | CN¥25.4m | CN¥25.4m | CN¥11.2m | CN¥104.9m | CN¥49.8m | CN¥13.4m |
| Diluted earnings per share | -0.05 | -0.05 | 0.05 | 0.05 | 0.02 | 0.20 | 0.09 | 0.03 |
| Cash from operations | −CN¥21.0m | −CN¥21.0m | CN¥51.0m | CN¥51.0m | CN¥3.0m | CN¥241.0m | CN¥69.0m | — |
| Capital spending | −CN¥115.0m | −CN¥115.0m | −CN¥114.0m | −CN¥114.0m | −CN¥95.0m | −CN¥240.0m | −CN¥77.0m | — |
| Free cash flow | −CN¥136.0m | −CN¥136.0m | −CN¥63.0m | −CN¥63.0m | −CN¥92.0m | CN¥1.0m | −CN¥8.0m | — |
| Total assets | CN¥3.56bn | CN¥3.56bn | CN¥3.08bn | CN¥3.08bn | CN¥2.94bn | — | — | CN¥2.39bn |
| Cash and short-term investments | CN¥307.1m | CN¥307.1m | CN¥612.1m | CN¥532.3m | CN¥527.9m | — | — | CN¥397.4m |
| Debt | CN¥397.6m | CN¥397.6m | CN¥352.9m | CN¥247.6m | CN¥35.5m | — | — | CN¥29.8m |
| Shareholders' equity | CN¥1.25bn | CN¥1.25bn | CN¥1.32bn | CN¥1.32bn | CN¥1.27bn | — | — | CN¥1.02bn |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 16.6% | 18.2% | 18.2% | 16.7% | 16.4% | — | 14.9% | — |
| Operating margin | 3.8% | 4.5% | 4.1% | 1.2% | 6.8% | — | 5.9% | — |
| Net margin | 2.6% | 4.0% | 3.6% | 2.9% | 6.2% | — | 5.6% | — |
| Return on equity | 4.6% | 8.1% | 6.5% | 4.6% | 10.1% | — | 7.7% | — |
| Return on assets | 2.0% | 3.4% | 2.8% | 2.0% | 4.3% | — | 5.0% | — |
| Free cash flow yield | 14.1% | 32.9% | 56.5% | 16.4% | — | — | 9.4% | 4.7% |
| Revenue growth | -8.6% | 39.5% | 31.7% | 1.6% | 54.0% | — | 49.4% | — |
| Earnings growth | -42.4% | 58.0% | 62.7% | -52.5% | 70.2% | — | 219.7% | — |
| Current ratio | 1.27x | 1.15x | 1.05x | 1.06x | 1.10x | — | 1.81x | — |
| Debt to equity | 0.26x | 0.08x | 0.08x | 0.15x | 0.18x | — | 0.06x | — |
| Equity ratio | 42.9% | 41.7% | 42.8% | 42.9% | 42.8% | — | 64.7% | — |
| Interest coverage | 20.91x | 38.15x | 15.83x | 2.66x | 33.31x | — | — | — |
| R&D as a share of sales | 4.7% | 3.8% | 4.7% | 2.1% | 2.0% | — | — | — |
| Buybacks as a share of market value | -5.0% | 3.8% | 0.0% | -73.8% | — | 24.4% | -20.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.1% | — | — |
| Operating income | 138.5% | — | — |
| Net income | 14.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.4% | 17.5% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 21.8 | 15.6 |
| Price to sales | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 12 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.074 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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