Z 
16.49
+0.73%
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¥3.87bn
FY2016FY2025
Net income
CN¥185.8m
FY2016FY2025
Free cash flow
CN¥63.8m
FY2016FY2025
Shareholders' equity
CN¥3.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.87bn | CN¥2.43bn | CN¥1.96bn | CN¥2.01bn | CN¥975.8m | CN¥421.0m | CN¥318.5m | CN¥654.7m | CN¥536.2m | CN¥407.6m |
| Gross profit | CN¥615.3m | CN¥330.1m | CN¥289.1m | CN¥310.6m | CN¥195.9m | CN¥79.3m | CN¥20.4m | CN¥157.0m | CN¥170.8m | CN¥115.7m |
| Research and development | CN¥277.6m | CN¥191.5m | CN¥145.6m | CN¥147.9m | CN¥91.9m | CN¥42.4m | CN¥52.5m | CN¥46.0m | CN¥34.4m | CN¥16.0m |
| Operating income | CN¥187.3m | CN¥50.2m | CN¥77.6m | CN¥5.5m | CN¥46.3m | CN¥12.4m | −CN¥92.6m | CN¥62.2m | CN¥96.6m | CN¥66.4m |
| Net income | CN¥185.8m | CN¥71.0m | CN¥82.4m | CN¥24.6m | CN¥46.8m | CN¥13.2m | −CN¥79.3m | CN¥53.1m | CN¥84.3m | CN¥65.4m |
| Diluted earnings per share | 0.57 | 0.25 | 0.31 | 0.12 | 0.20 | 0.05 | -0.37 | 0.24 | 0.40 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.49bn | CN¥5.24bn | CN¥4.13bn | CN¥3.94bn | CN¥2.00bn | CN¥1.09bn | CN¥945.0m | CN¥1.23bn | CN¥905.8m | CN¥467.6m |
| Cash and short-term investments | — | CN¥903.5m | CN¥580.1m | CN¥1.10bn | CN¥154.5m | CN¥116.0m | CN¥133.6m | CN¥295.2m | CN¥41.2m | CN¥36.5m |
| Total liabilities | CN¥4.44bn | CN¥3.18bn | CN¥2.31bn | CN¥2.21bn | CN¥1.32bn | CN¥512.5m | CN¥381.5m | CN¥575.9m | CN¥263.1m | CN¥200.6m |
| Debt | CN¥367.4m | CN¥1.24bn | CN¥624.5m | CN¥666.3m | CN¥332.9m | CN¥100.3m | CN¥113.1m | CN¥289.4m | CN¥56.2m | CN¥32.4m |
| Shareholders' equity | CN¥3.04bn | CN¥2.05bn | CN¥1.82bn | CN¥1.73bn | CN¥678.2m | CN¥578.6m | CN¥563.5m | CN¥650.4m | CN¥642.7m | CN¥267.0m |
| Shares outstanding | 329m | 285m | 270m | 198m | 230m | 239m | 215m | 218m | 213m | 163m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥848.8m | CN¥299.9m | CN¥260.3m | −CN¥140.8m | −CN¥119.0m | CN¥58.7m | CN¥199.7m | CN¥23.3m | −CN¥83.1m | CN¥29.4m |
| Capital spending | −CN¥785.0m | −CN¥477.5m | −CN¥705.4m | −CN¥272.6m | −CN¥112.1m | −CN¥77.1m | −CN¥172.1m | −CN¥127.1m | −CN¥79.1m | −CN¥59.6m |
| Free cash flow | CN¥63.8m | −CN¥177.6m | −CN¥445.1m | −CN¥413.4m | −CN¥231.1m | −CN¥18.4m | CN¥27.6m | −CN¥103.8m | −CN¥162.2m | −CN¥30.2m |
| Dividends paid | −CN¥23.8m | −CN¥30.8m | −CN¥26.2m | −CN¥4.6m | −CN¥3.8m | −CN¥7.2m | −CN¥7.6m | −CN¥51.4m | −CN¥2.5m | −CN¥260,860 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.34bn | CN¥1.09bn | CN¥1.52bn | CN¥988.9m | CN¥823.0m | CN¥545.8m | CN¥822.6m | CN¥583.8m |
| Gross profit | CN¥187.9m | CN¥187.7m | CN¥246.2m | CN¥165.7m | CN¥121.6m | CN¥81.9m | CN¥67.0m | CN¥105.4m |
| Operating income | CN¥83.7m | CN¥64.6m | CN¥100.7m | CN¥121.5m | CN¥21.5m | CN¥4.3m | CN¥7.6m | CN¥10.2m |
| Net income | CN¥60.9m | CN¥56.7m | CN¥36.9m | CN¥111.8m | CN¥26.4m | CN¥10.7m | CN¥19.9m | CN¥16.4m |
| Diluted earnings per share | 0.19 | 0.17 | 0.11 | 0.34 | 0.08 | 0.03 | 0.07 | 0.06 |
| Cash from operations | — | — | — | CN¥108.0m | CN¥102.0m | CN¥403.0m | — | CN¥139.0m |
| Capital spending | −CN¥164.0m | −CN¥77.0m | −CN¥231.0m | −CN¥199.0m | −CN¥183.0m | −CN¥170.0m | −CN¥118.0m | −CN¥98.0m |
| Free cash flow | — | — | — | −CN¥91.0m | −CN¥81.0m | CN¥233.0m | — | CN¥41.0m |
| Total assets | CN¥7.56bn | CN¥7.27bn | CN¥7.49bn | CN¥6.29bn | CN¥5.59bn | CN¥5.35bn | CN¥5.24bn | CN¥4.52bn |
| Cash and short-term investments | — | — | — | CN¥1.02bn | CN¥988.5m | CN¥1.11bn | CN¥903.5m | CN¥840.3m |
| Debt | CN¥9.0m | CN¥9.0m | CN¥367.4m | CN¥930.3m | CN¥1.08bn | CN¥1.24bn | CN¥1.24bn | CN¥698.6m |
| Shareholders' equity | CN¥3.12bn | CN¥3.09bn | CN¥3.04bn | CN¥2.36bn | CN¥2.23bn | CN¥2.11bn | CN¥2.05bn | CN¥1.91bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.9% | 13.6% | 14.7% | 15.5% | 20.1% | 18.8% |
| Operating margin | 5.1% | 2.8% | 5.3% | 0.7% | 5.2% | 2.9% |
| Net margin | 4.8% | 2.9% | 4.2% | 1.2% | 4.8% | 3.1% |
| Return on equity | 6.1% | 3.5% | 4.5% | 1.4% | 6.9% | 2.3% |
| Return on assets | 2.5% | 1.4% | 2.0% | 0.6% | 2.3% | 1.2% |
| Free cash flow yield | 25.1% | 13.8% | 18.1% | 3.4% | -0.2% | 2.9% |
| Revenue growth | 59.5% | 23.8% | -2.1% | 105.5% | 131.8% | 32.2% |
| Earnings growth | 161.6% | -13.8% | 234.3% | -47.4% | 256.0% | -116.6% |
| Current ratio | 1.17x | 1.67x | 1.48x | 1.66x | 1.21x | 1.68x |
| Debt to equity | 0.12x | 0.60x | 0.34x | 0.32x | 0.49x | 0.17x |
| Equity ratio | 40.6% | 39.2% | 44.1% | 43.9% | 34.0% | 53.0% |
| Interest coverage | 7.20x | 3.47x | 3.76x | 0.74x | 3.85x | 5.00x |
| R&D as a share of sales | 7.2% | 7.9% | 7.4% | 7.4% | 9.4% | 10.1% |
| Buybacks as a share of market value | -15.3% | -5.7% | -35.9% | 13.7% | 4.0% | -11.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.5% | 55.9% | 24.7% |
| Operating income | 224.7% | 72.2% | 6.1% |
| Net income | 96.1% | 69.8% | 7.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.0% | 15.0% | 15.6% | 17.4% |
| Operating margin | 3.8% | 3.1% | 3.2% | 4.4% |
| Net margin | 4.1% | 3.5% | 3.6% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 44.3 | 99.8 | 63.1 | 212.6 | 175.9 | 214.1 | -32.5 | 49.9 | 47.0 |
| Price to sales | 2.1 | 2.9 | 2.6 | 2.6 | 8.4 | 6.7 | 8.1 | 4.0 | 7.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 10 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.062 | 0.029 | 0.03 | 0.02 | 0.04 | 0.018 | 0.035 | 0.211 |
- 3-for-2 split · 23 May 2023
- 19-for-10 split · 21 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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