J 
10.61
-1.39%
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¥252.87bn
FY2018FY2025
Net income
CN¥7.74bn
FY2018FY2025
Free cash flow
CN¥12.95bn
FY2018FY2025
Shareholders' equity
CN¥63.70bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥252.87bn | CN¥182.84bn | CN¥166.62bn | CN¥160.01bn | CN¥121.92bn | CN¥85.45bn | CN¥58.05bn | CN¥44.10bn |
| Gross profit | CN¥23.02bn | CN¥18.70bn | CN¥12.68bn | CN¥11.76bn | CN¥6.74bn | CN¥7.33bn | CN¥4.00bn | CN¥1.26bn |
| Research and development | CN¥4.96bn | CN¥3.70bn | CN¥3.70bn | CN¥3.64bn | CN¥3.28bn | CN¥2.39bn | CN¥1.95bn | CN¥1.77bn |
| Operating income | CN¥5.97bn | CN¥5.94bn | CN¥393.6m | −CN¥626.2m | −CN¥3.63bn | CN¥623.5m | −CN¥1.14bn | −CN¥3.17bn |
| Net income | CN¥7.74bn | CN¥6.20bn | CN¥616.2m | −CN¥1.63bn | −CN¥18.45bn | −CN¥4.81bn | −CN¥2.61bn | −CN¥3.22bn |
| Diluted earnings per share | 1.21 | 1.00 | 0.10 | -0.27 | -3.26 | -0.82 | -0.43 | -0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥145.16bn | CN¥137.26bn | CN¥131.48bn | CN¥124.25bn | CN¥89.43bn | CN¥63.73bn | CN¥46.64bn | CN¥33.12bn |
| Cash and short-term investments | CN¥32.98bn | CN¥50.24bn | CN¥38.51bn | CN¥41.26bn | CN¥33.67bn | CN¥12.67bn | CN¥10.80bn | CN¥22.42bn |
| Total liabilities | CN¥75.51bn | CN¥63.93bn | CN¥66.99bn | CN¥62.29bn | CN¥42.40bn | CN¥67.10bn | CN¥49.07bn | CN¥34.19bn |
| Debt | CN¥13.70bn | CN¥23.17bn | CN¥27.25bn | CN¥23.77bn | CN¥15.80bn | CN¥34.98bn | CN¥26.75bn | CN¥17.46bn |
| Shareholders' equity | CN¥63.70bn | CN¥64.42bn | CN¥56.08bn | CN¥54.24bn | CN¥44.18bn | −CN¥5.99bn | −CN¥2.47bn | −CN¥1.07bn |
| Shares outstanding | 6,404m | 6,219m | 6,100m | 6,004m | 5,661m | 5,876m | 6,092m | 6,092m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥21.85bn | CN¥20.79bn | CN¥19.04bn | CN¥15.50bn | CN¥7.23bn | CN¥11.88bn | CN¥3.06bn | CN¥1.19bn |
| Capital spending | −CN¥8.91bn | −CN¥5.62bn | −CN¥6.38bn | −CN¥5.83bn | −CN¥4.94bn | −CN¥3.75bn | −CN¥2.09bn | −CN¥2.83bn |
| Free cash flow | CN¥12.95bn | CN¥15.17bn | CN¥12.66bn | CN¥9.68bn | CN¥2.29bn | CN¥8.13bn | CN¥977.9m | −CN¥1.64bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥74.65bn | CN¥70.55bn | CN¥73.98bn | CN¥64.15bn | CN¥60.05bn | CN¥46.97bn | CN¥52.10bn | CN¥44.40bn |
| Gross profit | CN¥7.26bn | CN¥5.62bn | CN¥6.86bn | CN¥5.83bn | CN¥6.38bn | CN¥3.39bn | CN¥5.02bn | CN¥5.20bn |
| Operating income | CN¥2.46bn | CN¥1.12bn | CN¥1.96bn | CN¥1.53bn | CN¥2.24bn | CN¥203.0m | CN¥1.76bn | CN¥2.04bn |
| Net income | CN¥2.81bn | CN¥1.02bn | CN¥2.37bn | CN¥2.36bn | CN¥2.48bn | CN¥451.0m | CN¥1.73bn | CN¥2.20bn |
| Diluted earnings per share | 0.44 | 0.16 | 0.37 | 0.37 | 0.39 | 0.07 | 0.28 | 0.35 |
| Cash from operations | — | — | CN¥21.85bn | — | CN¥7.65bn | — | CN¥24.21bn | — |
| Capital spending | — | — | — | — | −CN¥3.42bn | — | −CN¥6.54bn | — |
| Free cash flow | — | — | — | — | CN¥4.23bn | — | CN¥17.67bn | — |
| Total assets | CN¥139.45bn | — | CN¥145.10bn | — | CN¥138.47bn | — | CN¥117.87bn | — |
| Cash and short-term investments | CN¥24.01bn | CN¥33.80bn | CN¥32.98bn | CN¥36.30bn | CN¥40.86bn | CN¥45.79bn | CN¥43.14bn | CN¥41.50bn |
| Debt | CN¥9.16bn | — | CN¥26.14bn | — | CN¥27.57bn | — | CN¥23.17bn | — |
| Shareholders' equity | CN¥66.18bn | CN¥69.62bn | CN¥63.68bn | CN¥68.81bn | CN¥62.69bn | CN¥73.33bn | CN¥55.32bn | CN¥67.86bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.1% | 10.2% | 7.6% | 7.4% | 5.5% | 8.6% |
| Operating margin | 2.4% | 3.2% | 0.2% | -0.4% | -3.0% | 0.7% |
| Net margin | 3.1% | 3.4% | 0.4% | -1.0% | -15.1% | -5.6% |
| Return on equity | 12.2% | 11.2% | 1.3% | -3.0% | -41.8% | 80.4% |
| Return on assets | 5.3% | 5.3% | 0.5% | -1.3% | -20.6% | -7.6% |
| Free cash flow yield | 37.7% | 38.8% | 32.7% | 27.9% | 16.9% | 20.9% |
| Revenue growth | 18.8% | 9.7% | 21.3% | 31.2% | 42.7% | 47.2% |
| Earnings growth | 7.2% | 905.8% | -144.1% | -91.2% | 283.2% | 84.8% |
| Current ratio | 1.32x | 1.71x | 1.44x | 1.68x | 1.85x | 1.11x |
| Debt to equity | 0.22x | 0.25x | 0.35x | 0.29x | 0.17x | -5.30x |
| Equity ratio | 43.9% | 46.9% | 42.7% | 43.7% | 49.4% | -9.4% |
| Interest coverage | 5.99x | 5.87x | 0.38x | -0.61x | -4.55x | 1.21x |
| R&D as a share of sales | 2.0% | 2.0% | 2.2% | 2.3% | 2.7% | 2.8% |
| Buybacks as a share of market value | -3.0% | -1.9% | -1.6% | -6.1% | 3.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.6% | 24.4% | — |
| Operating income | — | 57.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.6% | 8.7% | 8.3% | — |
| Operating margin | 2.7% | 1.5% | 0.9% | — |
| Net margin | 3.2% | 1.7% | -1.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 8.5 | 12.1 | 88.0 | -51.0 | -7.4 |
| Price to sales | 0.3 | 0.4 | 0.3 | 0.5 | 1.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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