D 
3.29
-1.50%
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¥3.76bn
FY2016FY2025
Net income
CN¥48.9m
FY2016FY2025
Free cash flow
−CN¥350.5m
FY2016FY2025
Shareholders' equity
CN¥2.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.76bn | CN¥4.38bn | CN¥3.45bn | CN¥3.40bn | CN¥3.52bn | CN¥2.02bn | CN¥2.17bn | CN¥1.78bn | CN¥1.28bn | CN¥1.03bn |
| Gross profit | CN¥803.6m | CN¥778.2m | CN¥826.3m | CN¥838.8m | CN¥813.2m | CN¥531.9m | CN¥570.9m | CN¥503.5m | CN¥332.4m | CN¥273.5m |
| Research and development | CN¥122.3m | CN¥100.6m | CN¥123.4m | CN¥108.8m | CN¥89.9m | CN¥17.2m | CN¥12.3m | CN¥31.5m | CN¥25.1m | CN¥17.2m |
| Operating income | CN¥176.5m | CN¥234.5m | CN¥74.7m | CN¥145.2m | CN¥200.0m | CN¥164.7m | CN¥200.9m | CN¥163.9m | CN¥150.2m | CN¥91.9m |
| Net income | CN¥48.9m | CN¥81.1m | CN¥50.1m | CN¥97.7m | CN¥135.3m | CN¥98.8m | CN¥129.4m | CN¥100.2m | CN¥95.4m | CN¥60.5m |
| Diluted earnings per share | 0.05 | 0.09 | 0.06 | 0.11 | 0.17 | 0.11 | 0.15 | 0.14 | 0.12 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥10.39bn | CN¥9.35bn | CN¥7.95bn | CN¥6.95bn | CN¥6.32bn | CN¥5.51bn | CN¥3.92bn | CN¥3.82bn | CN¥2.95bn | CN¥2.49bn |
| Cash and short-term investments | — | CN¥1.72bn | CN¥1.15bn | CN¥1.20bn | CN¥1.36bn | CN¥937.9m | CN¥813.9m | CN¥1.21bn | CN¥468.4m | CN¥605.7m |
| Total liabilities | CN¥7.33bn | CN¥7.02bn | CN¥5.67bn | CN¥4.59bn | CN¥4.27bn | CN¥3.55bn | CN¥2.31bn | CN¥2.27bn | CN¥1.50bn | CN¥1.11bn |
| Debt | CN¥1.07bn | CN¥2.44bn | CN¥2.29bn | CN¥1.97bn | CN¥2.15bn | CN¥1.62bn | CN¥1.05bn | CN¥947.0m | CN¥687.6m | CN¥511.4m |
| Shareholders' equity | CN¥2.61bn | CN¥2.05bn | CN¥2.02bn | CN¥2.03bn | CN¥1.72bn | CN¥1.66bn | CN¥1.47bn | CN¥1.44bn | CN¥1.39bn | CN¥1.33bn |
| Shares outstanding | 903m | 863m | 868m | 917m | 795m | 930m | 844m | 691m | 804m | 1,536m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥275.7m | CN¥596.7m | −CN¥94.2m | CN¥377.0m | CN¥170.7m | −CN¥266.5m | −CN¥181.2m | CN¥797.9m | −CN¥14.1m | −CN¥107.3m |
| Capital spending | −CN¥74.8m | −CN¥73.2m | −CN¥271.1m | −CN¥293.4m | −CN¥162.1m | −CN¥178.6m | −CN¥162.3m | −CN¥202.3m | −CN¥203.9m | −CN¥78.2m |
| Free cash flow | −CN¥350.5m | CN¥523.5m | −CN¥365.3m | CN¥83.6m | CN¥8.6m | −CN¥445.1m | −CN¥343.5m | CN¥595.6m | −CN¥218.0m | −CN¥185.5m |
| Dividends paid | −CN¥144.7m | −CN¥117.8m | −CN¥167.2m | −CN¥168.1m | −CN¥78.8m | −CN¥78.8m | −CN¥78.8m | −CN¥60.2m | −CN¥63.2m | −CN¥33.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥992.7m | CN¥593.1m | CN¥1.69bn | CN¥790.5m | CN¥740.7m | CN¥535.4m | CN¥2.50bn | CN¥667.0m |
| Gross profit | CN¥187.7m | CN¥138.3m | CN¥362.0m | CN¥144.9m | CN¥174.2m | CN¥122.5m | CN¥345.3m | CN¥152.1m |
| Operating income | CN¥22.6m | CN¥22.8m | CN¥151.8m | −CN¥7.9m | CN¥7.9m | CN¥25.8m | CN¥147.1m | CN¥36.0m |
| Net income | −CN¥10.9m | CN¥9.8m | CN¥37.8m | −CN¥1.5m | CN¥4.3m | CN¥8.3m | CN¥51.3m | CN¥11.0m |
| Diluted earnings per share | -0.01 | 0.01 | 0.04 | -0.00 | 0.00 | 0.01 | 0.06 | 0.01 |
| Cash from operations | — | — | — | −CN¥287.0m | −CN¥271.0m | −CN¥277.0m | — | CN¥162.0m |
| Capital spending | −CN¥23.0m | −CN¥21.0m | −CN¥54.0m | −CN¥4.0m | −CN¥5.0m | −CN¥10.0m | −CN¥39.0m | −CN¥13.0m |
| Free cash flow | — | — | — | −CN¥291.0m | −CN¥276.0m | −CN¥287.0m | — | CN¥149.0m |
| Total assets | CN¥10.21bn | CN¥10.65bn | CN¥10.39bn | CN¥9.19bn | CN¥9.16bn | CN¥9.02bn | CN¥9.35bn | CN¥8.22bn |
| Cash and short-term investments | — | — | — | CN¥1.03bn | CN¥1.31bn | CN¥1.40bn | CN¥1.72bn | CN¥1.36bn |
| Debt | CN¥1.04bn | CN¥1.07bn | CN¥1.07bn | CN¥1.83bn | CN¥2.52bn | CN¥2.49bn | CN¥2.41bn | CN¥2.49bn |
| Shareholders' equity | CN¥2.67bn | CN¥2.62bn | CN¥2.61bn | CN¥2.52bn | CN¥2.13bn | CN¥2.06bn | CN¥2.05bn | CN¥2.02bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.4% | 17.8% | 23.9% | 24.7% | 23.1% | 26.4% |
| Operating margin | 5.1% | 6.0% | 5.5% | 6.7% | 8.3% | 11.1% |
| Net margin | 1.3% | 1.9% | 1.5% | 2.9% | 3.8% | 4.9% |
| Return on equity | 1.9% | 4.0% | 2.5% | 4.8% | 7.9% | 6.0% |
| Return on assets | 0.5% | 0.9% | 0.6% | 1.4% | 2.1% | 1.8% |
| Free cash flow yield | -6.0% | 21.0% | 5.5% | 19.8% | 11.3% | -2.6% |
| Revenue growth | -14.1% | 26.8% | 1.5% | -3.2% | 74.2% | -6.8% |
| Earnings growth | -39.7% | 61.8% | -48.7% | -27.8% | 37.0% | -23.7% |
| Current ratio | 1.29x | 1.25x | 1.39x | 1.45x | 1.51x | 1.46x |
| Debt to equity | 0.41x | 1.18x | 1.10x | 0.83x | 1.22x | 0.95x |
| Equity ratio | 25.1% | 21.9% | 25.4% | 29.2% | 27.2% | 30.1% |
| Interest coverage | 1.90x | 1.98x | 1.64x | 2.32x | 2.95x | 2.94x |
| R&D as a share of sales | 3.3% | 2.3% | 3.6% | 3.2% | 2.6% | 0.9% |
| Buybacks as a share of market value | -4.7% | 0.6% | 5.3% | -15.4% | 14.5% | -10.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | 13.3% | 12.5% |
| Operating income | 6.7% | 1.4% | 9.4% |
| Net income | -20.6% | -13.1% | -2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.4% | 21.7% | 22.4% | 23.5% |
| Operating margin | 5.0% | 4.2% | 4.9% | 6.0% |
| Net margin | 1.6% | 1.9% | 2.5% | 3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 85.0 | 43.3 | 82.4 | 42.0 | 34.6 | 51.3 | 34.6 | 28.6 | 55.2 | 184.8 |
| Price to sales | 1.1 | 0.8 | 1.2 | 1.2 | 1.3 | 2.5 | 2.1 | 1.6 | 4.1 | 10.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 7 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.06 | 0.03 | 0.10 | 0.12 | 0.10 | 0.10 | 0.10 |
- 5-for-2 split · 26 May 2017
- 2-for-1 split · 28 Apr 2011
- 2-for-1 split · 4 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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