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+4.05%
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¥3.28bn
FY2016FY2025
Net income
CN¥411.1m
FY2016FY2025
Free cash flow
CN¥487.8m
FY2016FY2025
Shareholders' equity
CN¥814.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.28bn | CN¥2.58bn | CN¥3.00bn | CN¥3.81bn | CN¥3.56bn | CN¥3.19bn | CN¥4.71bn | CN¥5.38bn | CN¥6.63bn | CN¥8.54bn |
| Gross profit | CN¥855.8m | CN¥503.6m | CN¥600.9m | CN¥451.7m | CN¥496.5m | CN¥526.8m | CN¥1.16bn | CN¥1.05bn | CN¥1.46bn | CN¥1.51bn |
| Research and development | CN¥122.5m | CN¥106.6m | CN¥99.4m | CN¥85.0m | CN¥104.0m | CN¥127.9m | CN¥182.0m | CN¥204.8m | CN¥246.6m | CN¥308.0m |
| Operating income | CN¥503.4m | −CN¥209.8m | CN¥94.7m | CN¥227.0m | −CN¥961.6m | −CN¥510.3m | CN¥287.6m | CN¥91.9m | CN¥246.0m | CN¥302.7m |
| Net income | CN¥411.1m | −CN¥412.8m | CN¥29.5m | CN¥84.1m | −CN¥1.16bn | −CN¥805.3m | CN¥104.7m | CN¥92.3m | CN¥70.7m | CN¥101.5m |
| Diluted earnings per share | 0.07 | -0.07 | 0.00 | 0.01 | -0.19 | -0.13 | 0.02 | 0.01 | 0.01 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.00bn | CN¥5.13bn | CN¥5.78bn | CN¥6.88bn | CN¥7.91bn | CN¥9.77bn | CN¥11.12bn | CN¥11.73bn | CN¥13.39bn | CN¥15.37bn |
| Cash and short-term investments | CN¥1.22bn | CN¥844.7m | CN¥320.1m | CN¥255.9m | CN¥331.4m | CN¥2.35bn | CN¥653.3m | CN¥1.52bn | CN¥1.99bn | CN¥2.76bn |
| Total liabilities | CN¥4.18bn | CN¥4.55bn | CN¥4.75bn | CN¥5.70bn | CN¥6.56bn | CN¥7.32bn | CN¥7.93bn | CN¥8.57bn | CN¥9.66bn | CN¥11.86bn |
| Debt | CN¥1.48bn | CN¥1.20bn | CN¥1.33bn | CN¥1.68bn | CN¥2.46bn | CN¥2.75bn | CN¥2.47bn | CN¥2.52bn | CN¥2.94bn | CN¥3.56bn |
| Shareholders' equity | CN¥814.2m | CN¥580.7m | CN¥1.03bn | CN¥1.18bn | CN¥1.34bn | CN¥2.45bn | CN¥3.19bn | CN¥3.16bn | CN¥3.89bn | CN¥3.68bn |
| Shares outstanding | 6,209m | 6,210m | 6,209m | 6,209m | 6,209m | 6,209m | 6,208m | 6,208m | 6,208m | 6,208m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥501.6m | CN¥248.3m | CN¥407.3m | CN¥89.5m | CN¥156.4m | CN¥11.9m | CN¥151.5m | CN¥114.5m | CN¥99.8m | CN¥84.2m |
| Capital spending | −CN¥13.9m | −CN¥13.3m | −CN¥2.0m | −CN¥719,460 | −CN¥10.6m | −CN¥10.2m | −CN¥15.1m | −CN¥12.3m | −CN¥3.1m | −CN¥79.9m |
| Free cash flow | CN¥487.8m | CN¥235.0m | CN¥405.3m | CN¥88.8m | CN¥145.8m | CN¥1.7m | CN¥136.4m | CN¥102.2m | CN¥96.7m | CN¥4.3m |
| Dividends paid | −CN¥262.2m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.82bn | CN¥1.81bn | CN¥1.48bn | CN¥1.31bn | CN¥1.27bn | CN¥1.79bn | CN¥1.21bn | CN¥2.29bn |
| Gross profit | CN¥479.6m | CN¥497.7m | CN¥358.1m | CN¥253.1m | CN¥250.5m | CN¥483.0m | CN¥117.9m | CN¥296.9m |
| Operating income | CN¥307.9m | CN¥361.8m | CN¥141.6m | −CN¥249.7m | CN¥39.9m | CN¥79.4m | −CN¥106.7m | CN¥26.4m |
| Net income | CN¥163.5m | CN¥196.3m | CN¥214.7m | −CN¥419.7m | CN¥7.0m | CN¥22.1m | CN¥7.4m | CN¥78.6m |
| Diluted earnings per share | 0.03 | 0.03 | 0.03 | -0.07 | 0.00 | 0.00 | 0.00 | 0.01 |
| Cash from operations | — | CN¥559.0m | −CN¥58.0m | CN¥231.0m | −CN¥231.0m | CN¥191.0m | CN¥215.0m | CN¥314.0m |
| Capital spending | — | −CN¥9.0m | −CN¥5.0m | −CN¥1.0m | −CN¥1.0m | — | −CN¥1.0m | −CN¥2.0m |
| Free cash flow | — | CN¥550.0m | −CN¥63.0m | CN¥230.0m | −CN¥232.0m | — | CN¥214.0m | CN¥312.0m |
| Total assets | CN¥4.83bn | CN¥5.00bn | CN¥4.85bn | CN¥5.13bn | CN¥5.96bn | CN¥5.78bn | CN¥6.12bn | CN¥6.88bn |
| Cash and short-term investments | CN¥1.01bn | CN¥1.22bn | CN¥736.7m | CN¥844.7m | CN¥695.2m | CN¥320.1m | CN¥788.7m | CN¥255.9m |
| Debt | CN¥1.65bn | CN¥1.48bn | CN¥1.46bn | CN¥1.21bn | CN¥1.70bn | CN¥1.34bn | CN¥1.23bn | CN¥1.96bn |
| Shareholders' equity | CN¥722.0m | CN¥814.2m | CN¥501.5m | CN¥580.7m | CN¥1.00bn | CN¥1.03bn | CN¥1.04bn | CN¥1.18bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.1% | 19.5% | 20.1% | 11.9% | 13.9% | 16.5% |
| Operating margin | 15.7% | -8.1% | 3.9% | 6.3% | -27.0% | -16.0% |
| Net margin | 12.5% | -16.0% | 1.0% | 2.2% | -32.6% | -25.2% |
| Return on equity | 50.5% | -71.1% | 2.9% | 7.1% | -86.4% | -32.9% |
| Return on assets | 8.2% | -8.0% | 0.5% | 1.2% | -14.7% | -8.2% |
| Free cash flow yield | 44.8% | 22.7% | 35.6% | 7.8% | 14.5% | 1.9% |
| Revenue growth | 27.2% | -13.9% | -21.3% | 6.8% | 11.7% | -32.3% |
| Earnings growth | -199.6% | -1497.8% | -64.9% | -107.2% | 44.2% | -868.9% |
| Current ratio | 1.06x | 0.98x | 1.04x | 1.07x | 1.16x | 1.30x |
| Debt to equity | 1.82x | 2.07x | 1.29x | 1.66x | 0.83x | 0.52x |
| Equity ratio | 16.3% | 11.3% | 17.8% | 17.1% | 17.0% | 25.1% |
| Interest coverage | 7.80x | -2.79x | 1.24x | 2.13x | -7.05x | -2.86x |
| R&D as a share of sales | 3.7% | 4.1% | 3.3% | 2.2% | 2.9% | 4.0% |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | 0.6% | -10.6% |
| Operating income | 30.4% | — | — |
| Net income | 69.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.2% | 19.0% | 17.7% | 17.7% |
| Operating margin | 5.0% | 4.9% | -4.4% | -0.5% |
| Net margin | -0.0% | 0.9% | -9.6% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.2 | -1.6 | 9.3 | 2.1 | -0.2 | -0.4 | 5.1 | 4.8 | 10.5 | 8.6 |
| Price to sales | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 10 Apr 2025.
| FY2025 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.001 | 0.001 | 0.04 | 0.04 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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