U 
14.11
+2.39%
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¥2.02bn
FY2016FY2025
Net income
CN¥9.3m
FY2016FY2025
Free cash flow
−CN¥17.9m
FY2016FY2025
Shareholders' equity
CN¥1.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.02bn | CN¥1.88bn | CN¥1.65bn | CN¥1.50bn | CN¥1.64bn | CN¥1.29bn | CN¥1.22bn | CN¥1.17bn | CN¥934.3m | CN¥733.4m |
| Gross profit | CN¥507.3m | CN¥408.3m | CN¥365.6m | CN¥338.3m | CN¥350.7m | CN¥241.9m | CN¥247.2m | CN¥245.3m | CN¥188.0m | CN¥167.1m |
| Research and development | CN¥272.2m | CN¥213.6m | CN¥171.3m | CN¥159.5m | CN¥149.7m | CN¥118.2m | CN¥109.9m | CN¥96.1m | CN¥70.4m | CN¥57.4m |
| Operating income | CN¥25.8m | CN¥46.9m | CN¥72.0m | CN¥68.5m | CN¥81.7m | CN¥48.9m | CN¥77.1m | CN¥85.1m | CN¥91.0m | CN¥68.3m |
| Net income | CN¥9.3m | CN¥38.6m | CN¥64.3m | CN¥55.9m | CN¥74.3m | CN¥49.9m | CN¥73.3m | CN¥72.3m | CN¥82.0m | CN¥75.1m |
| Diluted earnings per share | 0.03 | 0.08 | 0.26 | 0.22 | 0.31 | 0.19 | 0.32 | 0.34 | 0.38 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.10bn | CN¥3.02bn | CN¥2.61bn | CN¥2.53bn | CN¥2.57bn | CN¥1.75bn | CN¥1.64bn | CN¥1.42bn | CN¥1.20bn | CN¥758.5m |
| Cash and short-term investments | — | CN¥367.1m | CN¥469.7m | CN¥483.7m | CN¥633.1m | CN¥235.3m | CN¥304.2m | CN¥212.4m | CN¥123.1m | CN¥83.3m |
| Total liabilities | CN¥1.48bn | CN¥1.41bn | CN¥971.5m | CN¥930.4m | CN¥1.04bn | CN¥795.3m | CN¥732.9m | CN¥577.1m | CN¥431.1m | CN¥369.7m |
| Debt | CN¥233.3m | CN¥581.0m | CN¥375.8m | CN¥479.0m | CN¥477.5m | CN¥267.6m | CN¥195.1m | CN¥55.3m | CN¥81.4m | CN¥60.0m |
| Shareholders' equity | CN¥1.65bn | CN¥1.61bn | CN¥1.64bn | CN¥1.60bn | CN¥1.53bn | CN¥950.1m | CN¥904.5m | CN¥844.1m | CN¥771.6m | CN¥388.8m |
| Shares outstanding | 307m | 471m | 252m | 251m | 237m | 267m | 227m | 212m | 216m | 165m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥121.3m | CN¥15.7m | CN¥192.9m | CN¥129.4m | −CN¥21.3m | CN¥115.9m | CN¥44.4m | CN¥84.3m | CN¥14.9m | CN¥39.0m |
| Capital spending | −CN¥139.2m | −CN¥288.3m | −CN¥139.0m | −CN¥166.7m | −CN¥260.3m | −CN¥154.2m | −CN¥122.5m | −CN¥99.0m | −CN¥42.4m | −CN¥33.4m |
| Free cash flow | −CN¥17.9m | −CN¥272.7m | CN¥53.9m | −CN¥37.3m | −CN¥281.6m | −CN¥38.3m | −CN¥78.1m | −CN¥14.8m | −CN¥27.5m | CN¥5.6m |
| Dividends paid | −CN¥30.7m | −CN¥54.6m | −CN¥26.7m | −CN¥31.9m | −CN¥22.5m | −CN¥33.8m | −CN¥42.3m | −CN¥29.8m | −CN¥3.8m | −CN¥2.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥596.7m | CN¥452.6m | CN¥583.4m | CN¥541.4m | CN¥526.2m | CN¥368.8m | CN¥551.5m | CN¥480.7m |
| Gross profit | CN¥136.1m | CN¥109.1m | CN¥137.4m | CN¥152.0m | CN¥116.3m | CN¥101.6m | CN¥92.0m | CN¥161.7m |
| Operating income | CN¥15.5m | CN¥6.4m | CN¥12.0m | CN¥1.2m | −CN¥6.0m | −CN¥19.7m | CN¥23.4m | CN¥8.3m |
| Net income | CN¥11.7m | −CN¥3.9m | CN¥33.6m | −CN¥4.1m | CN¥3.8m | −CN¥24.0m | CN¥2.8m | CN¥7.5m |
| Diluted earnings per share | 0.04 | -0.01 | 0.11 | -0.01 | 0.01 | -0.08 | 0.01 | 0.02 |
| Cash from operations | — | — | — | CN¥3.0m | CN¥74.0m | −CN¥3.0m | — | −CN¥134.0m |
| Capital spending | −CN¥56.0m | −CN¥47.0m | −CN¥32.0m | −CN¥39.0m | −CN¥23.0m | −CN¥43.0m | −CN¥92.0m | −CN¥76.0m |
| Free cash flow | — | — | — | −CN¥36.0m | CN¥51.0m | −CN¥46.0m | — | −CN¥210.0m |
| Total assets | CN¥3.35bn | CN¥3.00bn | CN¥3.10bn | CN¥3.07bn | CN¥2.93bn | CN¥3.02bn | CN¥3.02bn | CN¥2.84bn |
| Cash and short-term investments | — | — | — | CN¥335.7m | CN¥302.6m | CN¥372.0m | CN¥367.1m | CN¥405.3m |
| Debt | CN¥372.8m | CN¥203.0m | CN¥233.3m | CN¥567.6m | CN¥441.3m | CN¥504.2m | CN¥573.6m | CN¥490.7m |
| Shareholders' equity | CN¥1.64bn | CN¥1.65bn | CN¥1.65bn | CN¥1.61bn | CN¥1.59bn | CN¥1.61bn | CN¥1.61bn | CN¥1.64bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.1% | 21.7% | 22.2% | 22.5% | 21.4% | 18.8% |
| Operating margin | 1.5% | 3.0% | 5.1% | 5.1% | 5.7% | 4.7% |
| Net margin | 0.5% | 2.1% | 3.9% | 3.7% | 4.5% | 3.9% |
| Return on equity | 0.6% | 2.4% | 3.9% | 3.5% | 4.9% | 5.2% |
| Return on assets | 0.3% | 1.3% | 2.5% | 2.2% | 2.9% | 2.9% |
| Free cash flow yield | 5.3% | 4.0% | 8.2% | 7.4% | 6.3% | 6.3% |
| Revenue growth | 7.4% | 14.2% | 9.5% | -8.0% | 26.9% | 5.3% |
| Earnings growth | -76.0% | -40.0% | 15.0% | -24.7% | 48.9% | -31.9% |
| Current ratio | 1.44x | 1.67x | 2.50x | 2.00x | 1.69x | 1.36x |
| Debt to equity | 0.14x | 0.36x | 0.22x | 0.29x | 0.31x | 0.28x |
| Equity ratio | 53.1% | 53.3% | 62.8% | 63.2% | 59.4% | 54.4% |
| Interest coverage | 2.54x | 4.69x | 7.35x | 7.38x | 7.76x | 4.77x |
| R&D as a share of sales | 13.5% | 11.4% | 10.4% | 10.6% | 9.2% | 9.2% |
| Buybacks as a share of market value | 34.9% | -86.8% | -0.6% | -5.7% | 11.3% | -18.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 9.4% | 12.7% |
| Operating income | -27.8% | -12.0% | -5.0% |
| Net income | -45.1% | -28.6% | -14.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.5% | 23.0% | 22.2% | 21.9% |
| Operating margin | 1.9% | 3.0% | 3.4% | 4.8% |
| Net margin | 1.2% | 2.4% | 2.9% | 4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 240.7 | 90.9 | 55.7 | 75.1 | 69.2 | 56.8 | 40.8 | 85.1 |
| Price to sales | 2.6 | 4.9 | 3.5 | 2.1 | 3.4 | 2.7 | 3.4 | 2.5 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 21 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.15 | 0.10 | 0.12 | 0.10 | 0.15 | 0.188 | 0.117 |
- 8-for-5 split · 6 Jun 2019
- 8-for-5 split · 22 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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