D 
21.45
+0.05%
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¥10.10bn
FY2016FY2025
Net income
CN¥44.1m
FY2016FY2025
Free cash flow
CN¥1.74bn
FY2016FY2025
Shareholders' equity
CN¥6.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.10bn | CN¥12.20bn | CN¥13.41bn | CN¥20.28bn | CN¥13.08bn | CN¥10.65bn | CN¥8.45bn | CN¥6.97bn | CN¥5.00bn | CN¥3.82bn |
| Gross profit | CN¥2.87bn | CN¥3.38bn | CN¥4.15bn | CN¥7.47bn | CN¥4.98bn | CN¥4.05bn | CN¥2.70bn | CN¥2.36bn | CN¥1.66bn | CN¥1.20bn |
| Research and development | CN¥254.5m | CN¥309.2m | CN¥432.6m | CN¥638.5m | CN¥424.7m | CN¥319.1m | CN¥212.5m | CN¥166.3m | CN¥132.0m | CN¥101.2m |
| Operating income | CN¥741.5m | CN¥546.3m | CN¥842.2m | CN¥2.82bn | CN¥1.84bn | CN¥1.32bn | CN¥774.6m | CN¥892.8m | CN¥538.8m | CN¥411.1m |
| Net income | CN¥44.1m | −CN¥357.3m | CN¥307.5m | CN¥1.43bn | CN¥1.16bn | CN¥802.9m | CN¥347.3m | CN¥388.6m | CN¥349.6m | CN¥262.8m |
| Diluted earnings per share | 0.07 | -0.58 | 0.50 | 2.28 | 1.87 | 1.29 | 0.56 | 0.71 | 0.66 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.42bn | CN¥15.79bn | CN¥17.94bn | CN¥21.06bn | CN¥15.59bn | CN¥12.40bn | CN¥10.75bn | CN¥10.67bn | CN¥7.39bn | CN¥5.72bn |
| Cash and short-term investments | — | CN¥2.21bn | CN¥3.39bn | CN¥4.65bn | CN¥2.62bn | CN¥2.05bn | CN¥1.60bn | CN¥1.71bn | CN¥755.4m | CN¥539.4m |
| Total liabilities | CN¥5.82bn | CN¥7.02bn | CN¥8.03bn | CN¥11.55bn | CN¥8.12bn | CN¥6.37bn | CN¥5.61bn | CN¥5.96bn | CN¥4.44bn | CN¥3.17bn |
| Debt | CN¥1.01bn | CN¥2.40bn | CN¥3.55bn | CN¥6.02bn | CN¥4.37bn | CN¥3.76bn | CN¥3.37bn | CN¥3.61bn | CN¥3.13bn | CN¥1.75bn |
| Shareholders' equity | CN¥6.44bn | CN¥6.56bn | CN¥7.57bn | CN¥7.45bn | CN¥5.84bn | CN¥4.70bn | CN¥3.98bn | CN¥3.68bn | CN¥2.35bn | CN¥2.09bn |
| Shares outstanding | 611m | 613m | 619m | 629m | 623m | 620m | 620m | 549m | 529m | 526m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.03bn | CN¥1.21bn | CN¥1.92bn | CN¥1.64bn | CN¥1.32bn | CN¥1.55bn | CN¥483.2m | CN¥373.2m | CN¥38.5m | CN¥132.2m |
| Capital spending | −CN¥285.3m | −CN¥363.2m | −CN¥701.8m | −CN¥947.7m | −CN¥589.5m | −CN¥475.7m | −CN¥411.5m | −CN¥456.7m | −CN¥382.0m | −CN¥317.5m |
| Free cash flow | CN¥1.74bn | CN¥844.2m | CN¥1.22bn | CN¥691.6m | CN¥728.4m | CN¥1.07bn | CN¥71.7m | −CN¥83.4m | −CN¥343.5m | −CN¥185.2m |
| Dividends paid | −CN¥255.8m | −CN¥575.7m | −CN¥300.6m | −CN¥83.8m | −CN¥80.7m | −CN¥79.4m | −CN¥15.5m | −CN¥174.6m | −CN¥89.2m | −CN¥58.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.53bn | CN¥2.25bn | CN¥2.53bn | CN¥2.63bn | CN¥2.57bn | CN¥2.37bn | CN¥2.94bn | CN¥3.04bn |
| Gross profit | CN¥775.5m | CN¥662.3m | CN¥674.3m | CN¥837.4m | CN¥738.2m | CN¥624.2m | CN¥787.9m | CN¥873.4m |
| Operating income | CN¥313.6m | CN¥229.2m | CN¥67.6m | CN¥185.8m | CN¥92.4m | CN¥23.4m | −CN¥23.5m | CN¥188.0m |
| Net income | CN¥168.0m | CN¥64.4m | −CN¥12.7m | CN¥46.4m | CN¥31.3m | −CN¥21.0m | −CN¥488.1m | CN¥59.1m |
| Diluted earnings per share | 0.27 | 0.11 | -0.02 | 0.08 | 0.05 | -0.03 | -0.80 | 0.10 |
| Cash from operations | — | — | — | CN¥594.0m | CN¥446.0m | −CN¥167.0m | CN¥1.15bn | CN¥334.0m |
| Capital spending | −CN¥80.0m | −CN¥38.0m | −CN¥78.0m | −CN¥55.0m | −CN¥77.0m | −CN¥73.0m | −CN¥146.0m | −CN¥93.0m |
| Free cash flow | — | — | — | CN¥539.0m | CN¥369.0m | −CN¥240.0m | CN¥1.01bn | CN¥241.0m |
| Total assets | CN¥13.84bn | CN¥14.08bn | CN¥14.42bn | CN¥14.77bn | CN¥15.08bn | CN¥15.21bn | CN¥15.79bn | CN¥17.08bn |
| Cash and short-term investments | — | — | — | CN¥1.88bn | CN¥1.82bn | CN¥1.69bn | CN¥2.21bn | CN¥1.73bn |
| Debt | CN¥627.9m | CN¥818.8m | CN¥1.01bn | CN¥1.52bn | CN¥2.30bn | CN¥3.21bn | CN¥2.21bn | CN¥2.82bn |
| Shareholders' equity | CN¥6.49bn | CN¥6.53bn | CN¥6.44bn | CN¥6.47bn | CN¥6.42bn | CN¥6.54bn | CN¥6.56bn | CN¥7.06bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.5% | 27.8% | 31.0% | 36.8% | 38.1% | 38.1% |
| Operating margin | 7.3% | 4.5% | 6.3% | 13.9% | 14.0% | 12.4% |
| Net margin | 0.4% | -2.9% | 2.3% | 7.1% | 8.9% | 7.5% |
| Return on equity | 0.7% | -5.4% | 4.1% | 19.3% | 19.9% | 17.1% |
| Return on assets | 0.3% | -2.3% | 1.7% | 6.8% | 7.5% | 6.5% |
| Free cash flow yield | 18.3% | 12.4% | 20.5% | 19.9% | 14.8% | 15.8% |
| Revenue growth | -17.2% | -9.0% | -33.9% | 55.0% | 22.9% | 26.0% |
| Earnings growth | -112.3% | -216.2% | -78.6% | 23.3% | 44.8% | 131.2% |
| Current ratio | 2.66x | 2.54x | 2.82x | 2.17x | 1.63x | 1.47x |
| Debt to equity | 0.16x | 0.34x | 0.43x | 0.66x | 0.58x | 0.72x |
| Equity ratio | 44.7% | 41.6% | 42.2% | 35.4% | 37.5% | 37.9% |
| Interest coverage | 4.59x | 2.46x | 3.36x | 9.60x | 7.75x | 6.06x |
| R&D as a share of sales | 2.5% | 2.5% | 3.2% | 3.1% | 3.2% | 3.0% |
| Buybacks as a share of market value | 0.2% | 1.1% | 1.5% | -0.9% | -0.5% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.7% | -1.1% | 18.4% |
| Operating income | -36.0% | -10.9% | 14.3% |
| Net income | -68.7% | -44.0% | -12.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.1% | 31.9% | 33.8% | 33.5% |
| Operating margin | 5.8% | 8.8% | 10.2% | 10.3% |
| Net margin | -1.4% | 2.6% | 4.3% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 219.9 | -19.5 | 48.0 | 11.0 | 18.0 | 26.5 | 39.5 | 21.4 | 35.8 | 64.0 |
| Price to sales | 1.0 | 0.6 | 1.1 | 0.8 | 1.6 | 2.0 | 1.6 | 1.2 | 2.5 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 25 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.35 | 0.25 | 0.71 | 0.20 | 0.135 | 0.13 | 0.128 | 0.025 |
- 9-for-5 split · 9 May 2016
- 13-for-10 split · 29 Apr 2015
- 17-for-10 split · 4 Jun 2014
- 13-for-10 split · 31 May 2013
- 9-for-5 split · 31 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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