M 
8.96
-1.10%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥2.17bn
FY2016FY2025
Net income
−CN¥35.8m
FY2016FY2025
Free cash flow
−CN¥146.7m
FY2016FY2025
Shareholders' equity
CN¥6.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.17bn | CN¥2.55bn | CN¥2.90bn | CN¥3.61bn | CN¥3.98bn | CN¥3.70bn | CN¥3.22bn | CN¥2.69bn | CN¥1.97bn | CN¥1.49bn |
| Gross profit | CN¥1.28bn | CN¥1.38bn | CN¥1.51bn | CN¥1.90bn | CN¥2.24bn | CN¥1.91bn | CN¥1.63bn | CN¥1.37bn | CN¥1.05bn | CN¥802.5m |
| Research and development | CN¥317.9m | CN¥323.2m | CN¥324.2m | CN¥273.2m | CN¥207.3m | CN¥202.1m | CN¥140.1m | CN¥108.8m | CN¥87.5m | CN¥72.6m |
| Operating income | CN¥54.8m | CN¥170.0m | CN¥331.1m | CN¥817.4m | CN¥1.21bn | CN¥989.7m | CN¥695.8m | CN¥598.2m | CN¥508.0m | CN¥402.1m |
| Net income | −CN¥35.8m | CN¥126.8m | CN¥312.6m | CN¥708.2m | CN¥956.6m | CN¥793.9m | CN¥525.3m | CN¥444.9m | CN¥374.1m | CN¥312.0m |
| Diluted earnings per share | -0.06 | 0.21 | 0.51 | 1.16 | 1.61 | 1.43 | 0.95 | 0.79 | 0.67 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.99bn | CN¥7.98bn | CN¥8.12bn | CN¥8.16bn | CN¥6.57bn | CN¥6.36bn | CN¥5.50bn | CN¥4.56bn | CN¥3.58bn | CN¥2.70bn |
| Cash and short-term investments | — | CN¥731.5m | CN¥1.15bn | CN¥1.25bn | CN¥637.2m | CN¥612.1m | CN¥443.9m | CN¥441.6m | CN¥344.4m | CN¥153.9m |
| Total liabilities | CN¥1.69bn | CN¥1.55bn | CN¥1.51bn | CN¥1.63bn | CN¥2.03bn | CN¥2.36bn | CN¥2.17bn | CN¥1.69bn | CN¥970.1m | CN¥415.0m |
| Debt | CN¥521.9m | CN¥446.0m | CN¥320.1m | CN¥701.2m | CN¥1.12bn | CN¥1.32bn | CN¥1.51bn | CN¥1.19bn | CN¥669.5m | CN¥198.7m |
| Shareholders' equity | CN¥6.28bn | CN¥6.37bn | CN¥6.38bn | CN¥6.29bn | CN¥4.30bn | CN¥3.80bn | CN¥3.13bn | CN¥2.70bn | CN¥2.50bn | CN¥2.24bn |
| Shares outstanding | 612m | 613m | 612m | 612m | 594m | 556m | 552m | 563m | 555m | 577m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥602.3m | CN¥633.8m | CN¥912.1m | CN¥843.2m | CN¥1.62bn | CN¥1.09bn | CN¥459.5m | CN¥193.9m | CN¥79.0m | CN¥49.3m |
| Capital spending | −CN¥749.1m | −CN¥963.0m | −CN¥877.9m | −CN¥987.7m | −CN¥601.8m | −CN¥501.3m | −CN¥504.7m | −CN¥529.9m | −CN¥462.4m | −CN¥388.7m |
| Free cash flow | −CN¥146.7m | −CN¥329.2m | CN¥34.2m | −CN¥144.5m | CN¥1.01bn | CN¥592.7m | −CN¥45.2m | −CN¥336.0m | −CN¥383.3m | −CN¥339.4m |
| Dividends paid | −CN¥83.7m | −CN¥115.2m | −CN¥244.6m | −CN¥286.6m | −CN¥238.4m | −CN¥105.4m | −CN¥89.3m | −CN¥122.8m | −CN¥77.0m | −CN¥54.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥558.8m | CN¥475.3m | CN¥562.6m | CN¥532.9m | CN¥564.8m | CN¥510.3m | CN¥601.1m | CN¥668.7m |
| Gross profit | CN¥317.9m | CN¥274.4m | CN¥380.5m | CN¥287.1m | CN¥313.2m | CN¥289.6m | CN¥262.1m | CN¥397.3m |
| Operating income | CN¥35.6m | CN¥17.3m | −CN¥62.8m | CN¥6.9m | CN¥21.1m | CN¥34.5m | −CN¥184.6m | CN¥94.5m |
| Net income | CN¥25.3m | CN¥9.0m | −CN¥72.9m | CN¥3.1m | CN¥10.1m | CN¥24.0m | −CN¥154.6m | CN¥79.6m |
| Diluted earnings per share | 0.04 | 0.01 | -0.12 | 0.01 | 0.02 | 0.04 | -0.25 | 0.13 |
| Cash from operations | — | — | — | CN¥148.0m | CN¥106.0m | CN¥55.0m | CN¥140.0m | CN¥281.0m |
| Capital spending | −CN¥109.0m | −CN¥125.0m | −CN¥213.0m | −CN¥176.0m | −CN¥185.0m | −CN¥173.0m | −CN¥224.0m | −CN¥274.0m |
| Free cash flow | — | — | — | −CN¥28.0m | −CN¥79.0m | −CN¥118.0m | −CN¥84.0m | CN¥7.0m |
| Total assets | CN¥7.82bn | CN¥7.99bn | CN¥7.99bn | CN¥7.99bn | CN¥8.01bn | CN¥8.06bn | CN¥7.98bn | CN¥8.21bn |
| Cash and short-term investments | — | — | — | CN¥725.0m | CN¥710.2m | CN¥772.1m | CN¥731.5m | CN¥950.0m |
| Debt | CN¥592.6m | CN¥555.8m | CN¥521.9m | CN¥504.1m | CN¥828.5m | CN¥621.7m | CN¥439.2m | CN¥483.4m |
| Shareholders' equity | CN¥6.31bn | CN¥6.28bn | CN¥6.28bn | CN¥6.33bn | CN¥6.32bn | CN¥6.38bn | CN¥6.37bn | CN¥6.54bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.0% | 54.0% | 52.2% | 52.6% | 56.3% | 51.5% |
| Operating margin | -3.6% | 10.3% | 11.5% | 22.6% | 31.2% | 27.7% |
| Net margin | -1.7% | 5.0% | 10.8% | 19.6% | 24.0% | 21.4% |
| Return on equity | -0.6% | 2.0% | 4.9% | 11.3% | 22.3% | 20.9% |
| Return on assets | -0.4% | 1.6% | 3.9% | 8.7% | 14.6% | 12.5% |
| Free cash flow yield | 23.0% | 27.2% | 30.5% | 31.2% | 39.0% | 29.9% |
| Revenue growth | -14.8% | -12.0% | -19.7% | -9.4% | 7.5% | 14.9% |
| Earnings growth | -128.3% | -59.4% | -55.9% | -26.0% | 20.5% | 51.1% |
| Current ratio | 3.06x | 3.04x | 3.77x | 4.34x | 2.94x | 2.24x |
| Debt to equity | 0.08x | 0.07x | 0.05x | 0.11x | 0.22x | 0.33x |
| Equity ratio | 78.5% | 79.8% | 78.6% | 77.1% | 65.5% | 59.6% |
| Interest coverage | -3.62x | 11.38x | 9.63x | 22.89x | 20.44x | 14.71x |
| R&D as a share of sales | 14.6% | 12.7% | 11.2% | 7.6% | 5.2% | 5.5% |
| Buybacks as a share of market value | 0.1% | -0.0% | 0.0% | -3.1% | -6.7% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.6% | -10.1% | 7.4% |
| Operating income | -59.4% | -43.9% | -15.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 56.3% | 54.0% | 54.0% | 53.4% |
| Operating margin | 4.8% | 12.2% | 18.9% | 20.7% |
| Net margin | 1.9% | 9.9% | 15.1% | 16.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -191.2 | 63.8 | 29.5 | 15.0 | 18.1 | 32.6 | 28.4 | 18.5 | 35.5 | 45.4 |
| Price to sales | 3.2 | 3.2 | 3.2 | 2.9 | 4.3 | 7.0 | 4.6 | 3.1 | 6.8 | 9.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 28 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.104 | 0.154 | 0.349 | 0.471 | 0.431 | 0.189 | 0.16 | 0.136 |
- 3-for-1 split · 8 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.