Z 
12.35
-0.96%
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¥1.32bn
FY2016FY2025
Net income
CN¥13.1m
FY2016FY2025
Free cash flow
CN¥29.3m
FY2016FY2025
Shareholders' equity
CN¥1.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.32bn | CN¥1.19bn | CN¥1.22bn | CN¥1.07bn | CN¥947.6m | CN¥825.6m | CN¥751.1m | CN¥566.8m | CN¥448.9m | CN¥363.4m |
| Gross profit | CN¥553.1m | CN¥514.0m | CN¥503.8m | CN¥406.8m | CN¥382.0m | CN¥307.9m | CN¥284.1m | CN¥225.3m | CN¥177.4m | CN¥146.6m |
| Research and development | CN¥166.4m | CN¥155.0m | CN¥163.4m | CN¥150.2m | CN¥131.6m | CN¥115.5m | CN¥89.7m | CN¥70.4m | CN¥55.4m | CN¥45.7m |
| Operating income | CN¥72.4m | CN¥24.7m | CN¥52.8m | CN¥65.2m | CN¥68.1m | CN¥24.2m | CN¥48.5m | CN¥52.7m | CN¥42.6m | CN¥28.8m |
| Net income | CN¥13.1m | CN¥12.0m | CN¥41.9m | CN¥71.2m | CN¥58.4m | CN¥27.6m | CN¥45.1m | CN¥50.4m | CN¥42.0m | CN¥45.8m |
| Diluted earnings per share | 0.09 | 0.12 | 0.30 | 0.48 | 0.39 | 0.84 | 0.37 | 0.41 | 0.34 | 0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.00bn | CN¥2.86bn | CN¥2.81bn | CN¥2.42bn | CN¥1.75bn | CN¥1.50bn | CN¥1.28bn | CN¥1.01bn | CN¥818.5m | CN¥571.3m |
| Cash and short-term investments | — | CN¥435.6m | CN¥550.6m | CN¥365.0m | CN¥354.8m | CN¥403.3m | CN¥252.7m | CN¥274.3m | CN¥257.2m | CN¥162.9m |
| Total liabilities | CN¥1.65bn | CN¥1.51bn | CN¥1.45bn | CN¥1.21bn | CN¥896.9m | CN¥742.3m | CN¥603.6m | CN¥380.9m | CN¥260.3m | CN¥216.4m |
| Debt | CN¥359.7m | CN¥923.4m | CN¥826.3m | CN¥593.3m | CN¥566.2m | CN¥434.3m | CN¥334.3m | CN¥167.2m | CN¥79.0m | CN¥64.0m |
| Shareholders' equity | CN¥1.09bn | CN¥1.09bn | CN¥1.12bn | CN¥994.9m | CN¥750.5m | CN¥688.3m | CN¥621.8m | CN¥584.7m | CN¥544.4m | CN¥343.1m |
| Shares outstanding | 142m | 103m | 141m | 148m | 151m | 33m | 121m | 124m | 124m | 93m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥272.1m | CN¥192.9m | CN¥153.6m | CN¥40.8m | CN¥35.0m | CN¥99.7m | −CN¥51.5m | CN¥6.5m | −CN¥40.0m | CN¥15.4m |
| Capital spending | −CN¥242.8m | −CN¥304.2m | −CN¥207.3m | −CN¥57.8m | −CN¥63.2m | −CN¥60.3m | −CN¥76.2m | −CN¥80.9m | −CN¥10.1m | −CN¥12.6m |
| Free cash flow | CN¥29.3m | −CN¥111.3m | −CN¥53.7m | −CN¥17.0m | −CN¥28.2m | CN¥39.4m | −CN¥127.7m | −CN¥74.4m | −CN¥50.1m | CN¥2.8m |
| Dividends paid | −CN¥27.1m | −CN¥28.4m | −CN¥30.3m | −CN¥26.0m | −CN¥18.8m | −CN¥23.0m | −CN¥25.6m | −CN¥20.3m | −CN¥3.3m | −CN¥3.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥311.4m | CN¥199.0m | CN¥548.3m | CN¥308.0m | CN¥269.2m | CN¥190.9m | CN¥444.5m | CN¥290.5m |
| Gross profit | CN¥141.5m | CN¥80.4m | CN¥208.6m | CN¥137.6m | CN¥126.5m | CN¥80.4m | CN¥183.1m | CN¥124.1m |
| Operating income | CN¥23.0m | −CN¥18.9m | CN¥74.1m | CN¥32.5m | CN¥4.7m | −CN¥24.1m | CN¥18.7m | CN¥17.3m |
| Net income | −CN¥5.1m | −CN¥11.8m | CN¥6.3m | CN¥25.6m | −CN¥6.8m | −CN¥11.9m | CN¥2.0m | CN¥18.6m |
| Diluted earnings per share | -0.04 | -0.08 | 0.04 | 0.18 | -0.05 | -0.08 | 0.02 | 0.18 |
| Cash from operations | — | — | — | CN¥77.0m | — | −CN¥152.0m | CN¥373.0m | CN¥24.0m |
| Capital spending | −CN¥42.0m | −CN¥33.0m | −CN¥87.0m | −CN¥86.0m | −CN¥40.0m | −CN¥28.0m | −CN¥135.0m | −CN¥85.0m |
| Free cash flow | — | — | — | −CN¥9.0m | — | −CN¥180.0m | CN¥238.0m | −CN¥61.0m |
| Total assets | CN¥3.09bn | CN¥2.93bn | CN¥3.00bn | CN¥3.04bn | CN¥2.89bn | CN¥2.83bn | CN¥2.86bn | CN¥2.93bn |
| Cash and short-term investments | — | — | — | CN¥273.6m | CN¥325.1m | CN¥308.7m | CN¥435.6m | CN¥277.3m |
| Debt | CN¥374.1m | CN¥360.2m | CN¥359.7m | CN¥762.0m | CN¥1.05bn | CN¥980.4m | CN¥895.7m | CN¥1.00bn |
| Shareholders' equity | CN¥1.11bn | CN¥1.11bn | CN¥1.09bn | CN¥1.09bn | CN¥1.06bn | CN¥1.07bn | CN¥1.09bn | CN¥1.08bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 42.0% | 43.0% | 41.1% | 38.2% | 40.3% | 37.3% |
| Operating margin | 5.5% | 5.2% | 6.9% | 7.9% | 9.9% | 5.8% |
| Net margin | 1.0% | 1.0% | 3.4% | 6.7% | 6.2% | 3.3% |
| Return on equity | 1.2% | 1.1% | 3.7% | 7.2% | 7.8% | 4.0% |
| Return on assets | 0.4% | 0.4% | 1.5% | 2.9% | 3.3% | 1.8% |
| Free cash flow yield | 27.6% | 36.8% | 19.5% | 5.1% | 5.0% | 36.9% |
| Revenue growth | 10.2% | -2.4% | 15.0% | 12.4% | 14.8% | 9.9% |
| Earnings growth | 9.2% | -71.3% | -41.2% | 21.9% | 111.4% | -38.7% |
| Current ratio | 1.45x | 1.51x | 1.69x | 1.28x | 1.62x | 1.78x |
| Debt to equity | 0.33x | 0.82x | 0.71x | 0.53x | 0.70x | 0.63x |
| Equity ratio | 36.5% | 38.0% | 40.0% | 41.1% | 42.8% | 45.8% |
| Interest coverage | 1.92x | 1.61x | 2.62x | 4.22x | 3.51x | 2.00x |
| R&D as a share of sales | 12.6% | 13.0% | 13.3% | 14.1% | 13.9% | 14.0% |
| Buybacks as a share of market value | -38.1% | 26.9% | 5.0% | 1.9% | -357.1% | 72.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 9.8% | 15.2% |
| Operating income | 3.6% | 24.5% | 13.7% |
| Net income | -43.1% | -13.9% | -9.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.5% | 41.2% | 40.6% | 40.2% |
| Operating margin | 3.9% | 4.5% | 4.7% | 5.5% |
| Net margin | 1.0% | 2.9% | 3.4% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 203.0 | 125.9 | 61.1 | 52.3 | 58.8 | 19.8 | 39.0 | 40.4 | 61.4 |
| Price to sales | 2.0 | 1.3 | 2.1 | 3.5 | 3.6 | 0.7 | 2.3 | 3.6 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 2 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.04 | 0.05 | 0.06 | 0.03 | 0.06 | 0.184 |
- 19-for-10 split · 6 May 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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