H 
39.60
+8.49%
Close of 9 Nov 2026, in CNY
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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¥2.41bn
FY2016FY2025
Net income
CN¥158.8m
FY2016FY2025
Free cash flow
−CN¥53.2m
FY2016FY2025
Shareholders' equity
CN¥2.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.41bn | CN¥2.23bn | CN¥2.29bn | CN¥2.40bn | CN¥2.32bn | CN¥1.94bn | CN¥1.82bn | CN¥1.51bn | CN¥1.44bn | CN¥1.11bn |
| Gross profit | CN¥755.4m | CN¥664.7m | CN¥688.6m | CN¥678.4m | CN¥775.4m | CN¥648.7m | CN¥566.2m | CN¥532.7m | CN¥552.2m | CN¥435.1m |
| Research and development | CN¥234.9m | CN¥211.1m | CN¥191.3m | CN¥180.4m | CN¥158.1m | CN¥128.5m | CN¥134.3m | CN¥106.7m | CN¥91.1m | CN¥68.2m |
| Operating income | CN¥208.2m | CN¥89.0m | CN¥76.6m | CN¥213.7m | CN¥385.2m | CN¥286.6m | CN¥45.2m | CN¥117.9m | CN¥186.6m | CN¥114.3m |
| Net income | CN¥158.8m | CN¥76.7m | CN¥130.8m | CN¥276.2m | CN¥263.2m | CN¥205.5m | −CN¥103.8m | CN¥61.7m | CN¥110.3m | CN¥90.6m |
| Diluted earnings per share | 0.49 | 0.23 | 0.40 | 0.84 | 0.87 | 0.68 | -0.35 | 0.22 | 0.38 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.16bn | CN¥6.08bn | CN¥6.19bn | CN¥6.09bn | CN¥5.95bn | CN¥5.25bn | CN¥4.80bn | CN¥5.07bn | CN¥4.28bn | CN¥3.77bn |
| Cash and short-term investments | — | CN¥771.8m | CN¥1.29bn | CN¥1.28bn | CN¥1.45bn | CN¥1.35bn | CN¥1.21bn | CN¥1.45bn | CN¥780.4m | CN¥636.2m |
| Total liabilities | CN¥2.10bn | CN¥2.91bn | CN¥3.01bn | CN¥2.97bn | CN¥2.97bn | CN¥3.15bn | CN¥2.93bn | CN¥3.05bn | CN¥2.37bn | CN¥1.98bn |
| Debt | CN¥259.4m | CN¥666.4m | CN¥779.8m | CN¥830.0m | CN¥704.5m | CN¥1.03bn | CN¥1.02bn | CN¥1.16bn | CN¥869.2m | CN¥851.2m |
| Shareholders' equity | CN¥2.93bn | CN¥2.84bn | CN¥2.85bn | CN¥2.76bn | CN¥2.42bn | CN¥1.56bn | CN¥1.35bn | CN¥1.46bn | CN¥1.40bn | CN¥1.29bn |
| Shares outstanding | 327m | 327m | 327m | 328m | 302m | 302m | 299m | 282m | 293m | 291m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥150.7m | CN¥78.6m | CN¥88.4m | CN¥94.4m | CN¥214.3m | CN¥586.1m | CN¥325.6m | CN¥528.7m | CN¥131.2m | CN¥201.4m |
| Capital spending | −CN¥203.8m | −CN¥148.8m | −CN¥222.7m | −CN¥195.1m | −CN¥244.6m | −CN¥376.8m | −CN¥354.6m | −CN¥169.1m | −CN¥223.3m | −CN¥274.1m |
| Free cash flow | −CN¥53.2m | −CN¥70.2m | −CN¥134.2m | −CN¥100.7m | −CN¥30.3m | CN¥209.3m | −CN¥29.0m | CN¥359.5m | −CN¥92.1m | −CN¥72.6m |
| Dividends paid | −CN¥37.5m | −CN¥74.7m | −CN¥65.6m | −CN¥26.0m | −CN¥17.6m | −CN¥6.4m | −CN¥4.4m | −CN¥72.2m | −CN¥51.0m | −CN¥47.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥557.8m | CN¥508.5m | CN¥711.5m | CN¥525.3m | CN¥574.4m | CN¥602.6m | CN¥657.8m | CN¥456.0m |
| Gross profit | CN¥227.2m | CN¥173.2m | CN¥226.4m | CN¥170.4m | CN¥213.8m | CN¥144.9m | CN¥197.7m | CN¥157.9m |
| Operating income | CN¥75.8m | CN¥29.9m | CN¥50.3m | CN¥1.7m | CN¥47.0m | CN¥25.9m | −CN¥4.1m | CN¥66.9m |
| Net income | CN¥43.3m | CN¥24.7m | CN¥74.0m | CN¥25.8m | CN¥42.1m | CN¥16.9m | −CN¥3.1m | CN¥28.2m |
| Diluted earnings per share | 0.13 | 0.08 | 0.23 | 0.08 | 0.13 | 0.05 | -0.01 | 0.09 |
| Cash from operations | — | — | — | −CN¥63.0m | −CN¥71.0m | −CN¥19.0m | CN¥204.0m | CN¥43.0m |
| Capital spending | −CN¥49.0m | −CN¥37.0m | −CN¥52.0m | −CN¥50.0m | −CN¥46.0m | −CN¥54.0m | −CN¥43.0m | −CN¥25.0m |
| Free cash flow | — | — | — | −CN¥113.0m | −CN¥117.0m | −CN¥73.0m | CN¥161.0m | CN¥18.0m |
| Total assets | CN¥5.04bn | CN¥5.03bn | CN¥5.16bn | CN¥6.07bn | CN¥5.99bn | CN¥5.90bn | CN¥6.08bn | CN¥6.12bn |
| Cash and short-term investments | — | — | — | CN¥482.2m | CN¥494.0m | CN¥619.5m | CN¥696.1m | CN¥955.0m |
| Debt | CN¥300.8m | CN¥242.0m | CN¥259.4m | CN¥752.4m | CN¥504.3m | CN¥658.7m | CN¥654.0m | CN¥805.3m |
| Shareholders' equity | CN¥2.99bn | CN¥2.95bn | CN¥2.93bn | CN¥2.91bn | CN¥2.90bn | CN¥2.85bn | CN¥2.84bn | CN¥2.87bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.3% | 29.8% | 30.1% | 28.3% | 33.5% | 33.4% |
| Operating margin | 8.6% | 4.0% | 3.4% | 8.9% | 16.6% | 14.8% |
| Net margin | 6.6% | 3.4% | 5.7% | 11.5% | 11.4% | 10.6% |
| Return on equity | 5.4% | 2.7% | 4.6% | 10.0% | 10.9% | 13.2% |
| Return on assets | 3.1% | 1.3% | 2.1% | 4.5% | 4.4% | 3.9% |
| Free cash flow yield | 3.6% | 2.3% | 3.1% | 2.9% | 5.0% | 10.5% |
| Revenue growth | 8.4% | -2.6% | -4.5% | 3.4% | 19.3% | 6.7% |
| Earnings growth | 107.1% | -41.4% | -52.6% | 4.9% | 28.0% | -298.1% |
| Current ratio | 1.74x | 1.73x | 1.79x | 1.84x | 2.20x | 1.72x |
| Debt to equity | 0.09x | 0.23x | 0.27x | 0.29x | 0.29x | 0.65x |
| Equity ratio | 56.8% | 46.7% | 46.0% | 45.3% | 40.8% | 29.7% |
| Interest coverage | 8.10x | 2.70x | 2.68x | 5.29x | 7.83x | 5.10x |
| R&D as a share of sales | 9.7% | 9.5% | 8.4% | 7.5% | 6.8% | 6.6% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -8.4% | 0.0% | -1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | 4.5% | 12.4% |
| Operating income | -0.9% | -6.2% | 10.7% |
| Net income | -16.8% | -5.0% | 7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.6% | 29.9% | 31.0% | 32.7% |
| Operating margin | 6.4% | 6.3% | 9.3% | 8.9% |
| Net margin | 5.1% | 6.9% | 8.2% | 6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 110.5 | 87.3 | 52.0 | 20.0 | 34.7 | 22.9 | -47.1 | 44.9 | 35.3 | 62.1 |
| Price to sales | 7.3 | 3.0 | 3.0 | 2.3 | 3.9 | 2.4 | 2.7 | 1.8 | 2.7 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 11 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.04 | 0.13 | 0.12 | 0.08 | 0.06 | 0.022 | 0.015 |
- 2-for-1 split · 20 Oct 2015
- 2-for-1 split · 13 Apr 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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