W 
11.31
-1.22%
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¥177.7m
FY2016FY2025
Free cash flow
−CN¥15.2m
FY2016FY2025
Shareholders' equity
CN¥8.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.41bn | CN¥2.82bn | CN¥4.11bn | CN¥5.09bn | CN¥3.46bn | CN¥2.94bn | CN¥1.12bn | CN¥874.3m | CN¥668.3m | CN¥591.0m |
| Research and development | CN¥224.2m | CN¥599.8m | CN¥776.4m | CN¥932.9m | CN¥621.5m | CN¥176.5m | CN¥64.8m | CN¥142.2m | CN¥99.0m | CN¥127.2m |
| Operating income | CN¥70.0m | CN¥96.7m | CN¥614.0m | CN¥1.10bn | CN¥710.3m | CN¥1.38bn | CN¥232.9m | CN¥131.7m | −CN¥93.0m | CN¥155.4m |
| Net income | CN¥177.7m | CN¥142.2m | CN¥419.4m | CN¥728.7m | CN¥427.7m | CN¥1.00bn | CN¥142.0m | CN¥1.05bn | −CN¥537.1m | CN¥70.5m |
| Diluted earnings per share | 0.11 | 0.09 | 0.26 | 0.43 | 0.27 | 0.65 | 0.09 | 0.68 | -0.35 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.07bn | CN¥14.72bn | CN¥15.59bn | CN¥15.34bn | CN¥13.67bn | CN¥9.65bn | CN¥7.02bn | CN¥7.24bn | CN¥5.88bn | CN¥6.32bn |
| Cash and short-term investments | CN¥1.35bn | CN¥3.76bn | CN¥4.36bn | CN¥3.87bn | CN¥3.44bn | CN¥1.96bn | CN¥2.38bn | CN¥2.48bn | CN¥1.21bn | CN¥1.42bn |
| Total liabilities | CN¥2.26bn | CN¥3.22bn | CN¥4.19bn | CN¥4.35bn | CN¥3.68bn | CN¥1.80bn | CN¥1.35bn | CN¥1.98bn | CN¥2.32bn | CN¥2.80bn |
| Debt | CN¥427.4m | CN¥445.1m | CN¥775.8m | CN¥439.2m | CN¥311.1m | CN¥42.0m | −CN¥24.7m | CN¥210.9m | CN¥476.0m | CN¥280.0m |
| Shareholders' equity | CN¥8.62bn | CN¥9.43bn | CN¥9.35bn | CN¥9.08bn | CN¥8.48bn | CN¥6.54bn | CN¥4.87bn | CN¥4.58bn | CN¥3.03bn | CN¥3.21bn |
| Shares outstanding | 1,599m | 1,599m | 1,599m | 1,691m | 1,603m | 1,538m | 1,541m | 1,535m | 1,542m | 1,434m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥494.4m | CN¥1.04bn | CN¥1.13bn | CN¥1.20bn | CN¥705.3m | CN¥114.2m | CN¥62.0m | −CN¥65.2m | −CN¥10.1m | −CN¥89.9m |
| Capital spending | −CN¥509.5m | −CN¥550.0m | −CN¥945.5m | −CN¥1.09bn | −CN¥1.10bn | −CN¥407.1m | −CN¥351.8m | −CN¥227.3m | −CN¥331.1m | −CN¥250.2m |
| Free cash flow | −CN¥15.2m | CN¥486.5m | CN¥188.3m | CN¥110.3m | −CN¥398.2m | −CN¥292.9m | −CN¥289.8m | −CN¥292.6m | −CN¥341.2m | −CN¥340.2m |
| Dividends paid | −CN¥29.0m | −CN¥40.9m | −CN¥16.0m | −CN¥50.1m | −CN¥78.3m | −CN¥30.9m | −CN¥68.7m | −CN¥4.5m | −CN¥34.3m | −CN¥126.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥390.4m | CN¥443.8m | CN¥699.4m | CN¥564.6m | CN¥692.0m | CN¥462.3m | CN¥680.1m | CN¥708.0m |
| Operating income | CN¥11.8m | CN¥64.6m | CN¥149.5m | CN¥19.8m | CN¥27.5m | −CN¥13.6m | −CN¥189.4m | CN¥97.7m |
| Net income | −CN¥56.5m | CN¥110.7m | CN¥14.3m | CN¥120.3m | CN¥40.5m | CN¥2.6m | −CN¥114.2m | CN¥85.8m |
| Diluted earnings per share | -0.04 | 0.07 | 0.01 | 0.08 | 0.03 | 0.00 | -0.07 | 0.05 |
| Cash from operations | — | — | — | −CN¥33.0m | CN¥278.0m | −CN¥161.0m | CN¥477.0m | CN¥468.0m |
| Capital spending | −CN¥66.0m | −CN¥94.0m | −CN¥152.0m | −CN¥215.0m | −CN¥71.0m | −CN¥70.0m | −CN¥104.0m | −CN¥140.0m |
| Free cash flow | — | — | — | −CN¥248.0m | CN¥207.0m | −CN¥231.0m | CN¥373.0m | CN¥328.0m |
| Total assets | CN¥10.50bn | CN¥11.13bn | CN¥12.07bn | CN¥13.25bn | CN¥14.00bn | CN¥14.36bn | CN¥14.72bn | CN¥15.00bn |
| Cash and short-term investments | — | — | — | CN¥1.68bn | CN¥2.85bn | CN¥3.50bn | CN¥3.76bn | CN¥3.62bn |
| Debt | CN¥836.3m | CN¥917.3m | CN¥189.6m | CN¥18.6m | CN¥428.8m | CN¥433.3m | CN¥433.3m | CN¥669.5m |
| Shareholders' equity | CN¥6.98bn | CN¥7.41bn | CN¥8.62bn | CN¥9.68bn | CN¥9.50bn | CN¥9.43bn | CN¥9.43bn | CN¥9.59bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.9% | 3.4% | 14.9% | 21.6% | 20.5% | 46.8% |
| Net margin | 7.4% | 5.0% | 10.2% | 14.3% | 12.4% | 34.1% |
| Return on equity | 2.1% | 1.5% | 4.5% | 8.0% | 5.0% | 15.3% |
| Return on assets | 1.5% | 1.0% | 2.7% | 4.8% | 3.1% | 10.4% |
| Free cash flow yield | 4.6% | 7.3% | 9.6% | 10.0% | 8.3% | 2.5% |
| Revenue growth | -14.6% | -31.4% | -19.1% | 46.9% | 17.8% | 162.1% |
| Earnings growth | 25.0% | -66.1% | -42.4% | 70.3% | -57.4% | 606.6% |
| Current ratio | 2.35x | 2.98x | 2.73x | 2.55x | 2.37x | 3.34x |
| Debt to equity | 0.05x | 0.05x | 0.08x | 0.05x | 0.04x | 0.01x |
| Equity ratio | 71.4% | 64.0% | 60.0% | 59.2% | 62.0% | 67.8% |
| Interest coverage | 31.55x | 11.05x | 161.24x | 139.81x | 109.75x | 661.27x |
| R&D as a share of sales | 9.3% | 21.3% | 18.9% | 18.3% | 17.9% | 6.0% |
| Buybacks as a share of market value | -0.0% | 0.0% | 5.4% | -5.5% | -4.2% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.0% | -3.9% | 9.1% |
| Operating income | -60.1% | -44.9% | — |
| Net income | -37.5% | -29.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.2% | 13.0% | 19.0% | 13.9% |
| Net margin | 6.1% | 10.2% | 13.9% | 11.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 98.3 | 135.9 | 89.7 | 93.3 | 210.6 | 59.1 | 352.0 | 28.0 | -52.4 | 221.9 |
| Price to sales | 7.3 | 6.8 | 9.1 | 13.4 | 26.0 | 20.2 | 44.6 | 33.5 | 42.1 | 26.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 9 Jan 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.01 | 0.01 | 0.027 | 0.05 | 0.02 | 0.03 | 0.008 |
- 3-for-1 split · 14 Oct 2015
- 2-for-1 split · 23 Apr 2015
- 13-for-10 split · 30 May 2014
- 6-for-5 split · 7 May 2012
- 3-for-2 split · 5 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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