Z 
9.70
-3.67%
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¥2.83bn
FY2016FY2025
Net income
CN¥191.1m
FY2016FY2025
Free cash flow
−CN¥350.8m
FY2016FY2025
Shareholders' equity
CN¥7.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.83bn | CN¥1.94bn | CN¥2.27bn | CN¥2.47bn | CN¥3.81bn | CN¥3.73bn | CN¥2.63bn | CN¥5.80bn | CN¥5.25bn | CN¥4.44bn |
| Gross profit | CN¥661.8m | CN¥570.0m | CN¥629.7m | CN¥824.5m | CN¥852.0m | CN¥968.2m | CN¥341.1m | CN¥1.46bn | CN¥1.36bn | CN¥1.12bn |
| Research and development | CN¥30.2m | CN¥23.9m | CN¥25.1m | CN¥14.7m | CN¥10.4m | CN¥9.9m | CN¥22.4m | CN¥25.2m | CN¥30.2m | CN¥4.4m |
| Operating income | CN¥361.3m | CN¥346.8m | CN¥447.6m | CN¥515.1m | CN¥433.1m | CN¥516.4m | −CN¥471.0m | CN¥473.5m | CN¥791.2m | CN¥499.5m |
| Net income | CN¥191.1m | CN¥243.0m | CN¥382.2m | CN¥402.7m | CN¥400.4m | CN¥399.2m | −CN¥1.47bn | CN¥211.2m | CN¥634.4m | CN¥478.5m |
| Diluted earnings per share | 0.10 | 0.13 | 0.20 | 0.20 | 0.21 | 0.22 | -0.89 | 0.13 | 0.38 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.34bn | CN¥10.22bn | CN¥9.88bn | CN¥9.60bn | CN¥8.75bn | CN¥8.29bn | CN¥9.87bn | CN¥12.87bn | CN¥12.54bn | CN¥10.38bn |
| Cash and short-term investments | — | CN¥3.79bn | CN¥5.22bn | CN¥4.49bn | CN¥3.98bn | CN¥2.05bn | CN¥2.12bn | CN¥2.19bn | CN¥1.67bn | CN¥1.53bn |
| Total liabilities | CN¥3.88bn | CN¥2.86bn | CN¥2.70bn | CN¥2.60bn | CN¥2.01bn | CN¥2.70bn | CN¥4.57bn | CN¥5.87bn | CN¥5.53bn | CN¥3.88bn |
| Debt | CN¥346.8m | CN¥783.2m | CN¥760.2m | CN¥622.6m | CN¥172.3m | CN¥300.6m | CN¥1.80bn | CN¥2.44bn | CN¥2.07bn | CN¥2.37bn |
| Shareholders' equity | CN¥7.29bn | CN¥7.17bn | CN¥7.04bn | CN¥6.87bn | CN¥6.64bn | CN¥5.55bn | CN¥5.25bn | CN¥6.92bn | CN¥6.90bn | CN¥6.38bn |
| Shares outstanding | 1,872m | 1,870m | 1,871m | 2,026m | 1,879m | 1,853m | 1,650m | 1,661m | 1,662m | 1,801m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥322.0m | −CN¥297.0m | CN¥467.6m | CN¥289.6m | CN¥1.41bn | CN¥868.8m | CN¥1.25bn | CN¥301.2m | CN¥706.3m | −CN¥690.5m |
| Capital spending | −CN¥672.8m | −CN¥368.3m | −CN¥10.2m | −CN¥2.4m | −CN¥11.6m | −CN¥3.0m | −CN¥182.1m | −CN¥22.9m | −CN¥11.8m | −CN¥22.0m |
| Free cash flow | −CN¥350.8m | −CN¥665.3m | CN¥457.4m | CN¥287.2m | CN¥1.40bn | CN¥865.9m | CN¥1.06bn | CN¥278.3m | CN¥694.5m | −CN¥712.5m |
| Dividends paid | −CN¥119.3m | −CN¥105.8m | −CN¥41.2m | −CN¥41.5m | −CN¥39.9m | −CN¥26.3m | −CN¥25.5m | −CN¥173.0m | −CN¥168.2m | −CN¥105.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥292.5m | CN¥393.0m | CN¥1.79bn | CN¥250.9m | CN¥204.0m | CN¥586.0m | CN¥1.05bn | CN¥525.0m |
| Gross profit | CN¥121.7m | CN¥157.9m | CN¥299.2m | CN¥116.2m | CN¥88.2m | CN¥158.2m | CN¥229.9m | CN¥164.9m |
| Operating income | CN¥80.4m | CN¥98.1m | CN¥167.3m | CN¥42.3m | CN¥43.1m | CN¥119.3m | CN¥131.6m | CN¥119.5m |
| Net income | CN¥85.6m | CN¥81.3m | CN¥16.0m | CN¥57.6m | CN¥25.4m | CN¥92.1m | CN¥76.8m | CN¥95.0m |
| Diluted earnings per share | 0.05 | 0.04 | 0.01 | 0.03 | 0.01 | 0.05 | 0.04 | 0.05 |
| Cash from operations | — | — | — | CN¥438.0m | −CN¥85.0m | −CN¥69.0m | — | −CN¥610.0m |
| Capital spending | −CN¥985.0m | — | −CN¥35.0m | −CN¥636.0m | — | — | −CN¥365.0m | — |
| Free cash flow | — | — | — | −CN¥198.0m | — | — | — | — |
| Total assets | CN¥13.28bn | CN¥12.33bn | CN¥11.34bn | CN¥11.58bn | CN¥11.35bn | CN¥10.50bn | CN¥10.22bn | CN¥9.69bn |
| Cash and short-term investments | — | — | — | CN¥3.90bn | CN¥4.10bn | CN¥3.96bn | CN¥3.79bn | CN¥3.90bn |
| Debt | CN¥1.24bn | CN¥304.9m | CN¥346.8m | CN¥1.13bn | CN¥1.32bn | CN¥955.5m | CN¥742.4m | CN¥561.1m |
| Shareholders' equity | CN¥7.43bn | CN¥7.37bn | CN¥7.29bn | CN¥7.30bn | CN¥7.24bn | CN¥7.23bn | CN¥7.17bn | CN¥7.11bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.4% | 29.4% | 27.8% | 33.3% | 22.4% | 25.9% |
| Operating margin | 12.8% | 17.9% | 19.7% | 20.8% | 11.4% | 13.8% |
| Net margin | 6.8% | 12.5% | 16.9% | 16.3% | 10.5% | 10.7% |
| Return on equity | 2.6% | 3.4% | 5.4% | 5.9% | 6.0% | 7.2% |
| Return on assets | 1.7% | 2.4% | 3.9% | 4.2% | 4.6% | 4.8% |
| Free cash flow yield | 7.2% | 0.5% | 3.5% | 2.0% | 10.3% | 6.4% |
| Revenue growth | 45.9% | -14.5% | -8.4% | -35.0% | 2.0% | 41.9% |
| Earnings growth | -21.4% | -36.4% | -5.1% | 0.6% | 0.3% | -127.2% |
| Current ratio | 2.43x | 2.88x | 3.33x | 3.09x | 3.72x | 2.46x |
| Debt to equity | 0.05x | 0.10x | 0.10x | 0.08x | 0.01x | 0.05x |
| Equity ratio | 64.3% | 70.1% | 71.3% | 71.5% | 75.8% | 67.0% |
| Interest coverage | 5.88x | 10.39x | 19.21x | 29.35x | 33.91x | 11.49x |
| R&D as a share of sales | 1.1% | 1.2% | 1.1% | 0.6% | 0.3% | 0.3% |
| Buybacks as a share of market value | -0.1% | 0.0% | 7.7% | -7.8% | -1.4% | -12.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | -5.4% | 0.6% |
| Operating income | -11.2% | -6.9% | -2.7% |
| Net income | -22.0% | -13.7% | -8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 28.2% | 26.4% | 25.9% |
| Operating margin | 14.9% | 17.6% | 15.4% | 11.6% |
| Net margin | 9.1% | 12.8% | 11.8% | 6.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 81.5 | 55.5 | 28.7 | 26.8 | 31.8 | 28.7 | -8.3 | 70.5 | 28.4 | 42.7 |
| Price to sales | 5.5 | 7.0 | 4.8 | 4.4 | 3.3 | 3.1 | 4.6 | 2.6 | 3.4 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.011 | 0.033 | 0.041 | 0.022 | 0.022 | 0.021 | 0.015 | 0.015 |
- 8-for-5 split · 20 May 2016
- 3-for-2 split · 4 May 2015
- 3-for-2 split · 7 May 2013
- 2-for-1 split · 29 May 2012
- 17-for-10 split · 31 Oct 2011
- 2-for-1 split · 15 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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