S 
49.78
+1.55%
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¥7.78bn
FY2017FY2025
Net income
CN¥939.8m
FY2017FY2025
Free cash flow
CN¥1.00bn
FY2017FY2025
Shareholders' equity
CN¥4.62bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.78bn | CN¥5.72bn | CN¥5.39bn | CN¥3.21bn | CN¥1.96bn | CN¥587.6m | CN¥90.9m | CN¥7.4m | CN¥33.9m |
| Gross profit | CN¥5.81bn | CN¥4.18bn | CN¥3.92bn | CN¥2.37bn | CN¥1.35bn | CN¥405.5m | CN¥19.1m | CN¥2.0m | CN¥18.9m |
| Research and development | CN¥1.77bn | CN¥1.04bn | CN¥1.12bn | CN¥1.39bn | CN¥1.19bn | CN¥894.1m | CN¥607.8m | CN¥365.4m | CN¥257.1m |
| Operating income | CN¥953.2m | CN¥939.1m | CN¥631.7m | −CN¥591.8m | −CN¥1.02bn | −CN¥957.2m | −CN¥842.6m | −CN¥447.5m | −CN¥324.8m |
| Net income | CN¥939.8m | CN¥820.5m | CN¥546.0m | −CN¥695.3m | −CN¥1.15bn | −CN¥993.5m | −CN¥875.5m | −CN¥493.7m | −CN¥270.6m |
| Diluted earnings per share | 1.71 | 1.51 | 1.00 | -1.28 | -2.13 | -1.86 | -1.61 | -1.04 | -0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.43bn | CN¥12.36bn | CN¥11.55bn | CN¥10.41bn | CN¥8.37bn | CN¥6.44bn | CN¥5.90bn | CN¥3.09bn | CN¥1.48bn |
| Cash and short-term investments | CN¥901.1m | CN¥901.6m | CN¥1.18bn | CN¥793.8m | CN¥865.9m | CN¥1.11bn | CN¥2.33bn | CN¥959.0m | CN¥58.5m |
| Total liabilities | CN¥9.80bn | CN¥8.85bn | CN¥8.99bn | CN¥8.50bn | CN¥5.69bn | CN¥3.24bn | CN¥1.90bn | CN¥1.29bn | CN¥1.56bn |
| Debt | CN¥4.20bn | CN¥3.65bn | CN¥4.09bn | CN¥3.68bn | CN¥2.62bn | CN¥1.83bn | CN¥609.4m | CN¥528.0m | CN¥758.4m |
| Shareholders' equity | CN¥4.62bn | CN¥3.52bn | CN¥2.56bn | CN¥1.91bn | CN¥2.68bn | CN¥3.20bn | CN¥4.00bn | CN¥1.80bn | −CN¥80.1m |
| Shares outstanding | 548m | 543m | 544m | 543m | 540m | 534m | 543m | 474m | 539m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.36bn | CN¥1.24bn | CN¥1.22bn | CN¥1.15bn | CN¥105.4m | −CN¥609.6m | −CN¥443.1m | −CN¥52.2m | −CN¥134.3m |
| Capital spending | −CN¥353.8m | −CN¥837.2m | −CN¥1.18bn | −CN¥1.59bn | −CN¥1.32bn | −CN¥1.51bn | −CN¥1.13bn | −CN¥735.4m | −CN¥471.7m |
| Free cash flow | CN¥1.00bn | CN¥404.7m | CN¥42.5m | −CN¥447.5m | −CN¥1.21bn | −CN¥2.12bn | −CN¥1.58bn | −CN¥787.6m | −CN¥606.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.09bn | CN¥2.09bn | CN¥2.24bn | CN¥2.24bn | CN¥1.64bn | CN¥1.64bn | CN¥1.49bn | CN¥1.74bn |
| Gross profit | CN¥1.61bn | CN¥1.61bn | CN¥1.62bn | CN¥1.62bn | CN¥1.28bn | CN¥1.28bn | CN¥1.10bn | CN¥1.28bn |
| Operating income | CN¥297.1m | CN¥297.1m | CN¥230.1m | CN¥221.4m | CN¥250.8m | CN¥250.8m | CN¥209.2m | CN¥244.0m |
| Net income | CN¥251.0m | CN¥251.0m | CN¥254.8m | CN¥254.8m | CN¥227.5m | CN¥227.5m | CN¥217.1m | CN¥253.2m |
| Diluted earnings per share | 0.46 | 0.46 | 0.46 | 0.46 | 0.41 | 0.41 | 0.40 | 0.47 |
| Cash from operations | — | — | CN¥311.0m | CN¥311.0m | CN¥449.0m | CN¥449.0m | CN¥495.0m | CN¥577.0m |
| Capital spending | — | — | −CN¥80.0m | −CN¥80.0m | −CN¥101.0m | −CN¥101.0m | −CN¥30.0m | −CN¥35.0m |
| Free cash flow | — | — | CN¥231.0m | CN¥231.0m | CN¥348.0m | CN¥348.0m | CN¥465.0m | CN¥542.0m |
| Total assets | CN¥15.28bn | CN¥15.28bn | CN¥14.42bn | CN¥14.42bn | CN¥13.47bn | CN¥13.47bn | CN¥10.60bn | CN¥12.36bn |
| Cash and short-term investments | CN¥1.12bn | CN¥1.12bn | CN¥900.8m | CN¥983.6m | CN¥1.13bn | CN¥1.13bn | CN¥773.0m | CN¥949.2m |
| Debt | CN¥2.64bn | CN¥2.64bn | CN¥4.20bn | CN¥2.62bn | CN¥4.37bn | CN¥3.10bn | CN¥3.65bn | CN¥3.06bn |
| Shareholders' equity | CN¥5.29bn | CN¥5.29bn | CN¥4.62bn | CN¥4.62bn | CN¥3.98bn | CN¥3.98bn | CN¥3.01bn | CN¥3.52bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 74.8% | 73.1% | 72.6% | 73.7% | 68.9% | 69.0% |
| Operating margin | 12.3% | 16.4% | 11.7% | -18.4% | -52.0% | -162.9% |
| Net margin | 12.1% | 14.3% | 10.1% | -21.6% | -58.5% | -169.1% |
| Return on equity | 20.3% | 27.2% | 24.9% | -42.5% | -42.8% | -31.1% |
| Return on assets | 6.5% | 7.7% | 5.5% | -7.8% | -13.7% | -15.4% |
| Free cash flow yield | 4.5% | 6.4% | 6.3% | 7.2% | 3.8% | 2.8% |
| Revenue growth | 16.5% | 6.1% | 67.8% | 91.1% | 186.3% | 546.2% |
| Earnings growth | -1.8% | 50.3% | -178.5% | -29.3% | -1.0% | 13.5% |
| Current ratio | 0.71x | 0.50x | 0.53x | 0.44x | 0.56x | 0.96x |
| Debt to equity | 0.91x | 1.16x | 1.78x | 2.14x | 1.14x | 0.57x |
| Equity ratio | 32.0% | 28.4% | 22.1% | 18.3% | 32.0% | 49.7% |
| Interest coverage | 8.18x | 7.64x | 5.71x | -5.60x | -10.31x | -21.90x |
| R&D as a share of sales | 22.7% | 18.1% | 20.7% | 43.4% | 60.9% | 152.2% |
| Buybacks as a share of market value | -0.9% | 0.0% | -0.2% | -0.5% | -1.0% | 1.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.2% | 67.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 74.1% | 73.7% | 73.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 28.8 | 13.6 | 12.0 | -8.7 | -9.0 | -21.8 | -21.9 |
| Price to sales | 3.5 | 1.9 | 1.2 | 1.9 | 5.3 | 36.8 | 210.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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