W 
9.16
-2.24%
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¥29.37bn
FY2016FY2025
Net income
CN¥339.9m
FY2016FY2025
Free cash flow
−CN¥2.48bn
FY2016FY2025
Shareholders' equity
CN¥8.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥29.37bn | CN¥22.20bn | CN¥18.73bn | CN¥17.38bn | CN¥16.16bn | CN¥11.48bn | CN¥5.01bn | CN¥3.31bn | CN¥3.26bn | CN¥3.13bn |
| Gross profit | CN¥2.13bn | CN¥1.91bn | CN¥1.71bn | CN¥2.95bn | CN¥2.76bn | CN¥1.59bn | CN¥857.3m | CN¥625.6m | CN¥630.9m | CN¥598.3m |
| Research and development | CN¥805.9m | CN¥605.6m | CN¥552.9m | CN¥512.4m | CN¥577.4m | CN¥396.9m | CN¥182.8m | CN¥127.4m | CN¥132.5m | CN¥120.5m |
| Operating income | CN¥235.4m | CN¥521.9m | CN¥422.6m | CN¥609.3m | CN¥609.3m | CN¥150.8m | CN¥110.7m | CN¥94.6m | CN¥99.7m | CN¥84.8m |
| Net income | CN¥339.9m | CN¥464.8m | CN¥414.1m | CN¥616.7m | CN¥586.5m | CN¥173.0m | CN¥106.6m | CN¥120.4m | CN¥94.3m | CN¥104.2m |
| Diluted earnings per share | 0.43 | 0.66 | 0.62 | 0.91 | 0.99 | 0.35 | 0.24 | 0.34 | 0.26 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥53.50bn | CN¥38.67bn | CN¥34.46bn | CN¥28.99bn | CN¥24.83bn | CN¥16.02bn | CN¥11.56bn | CN¥6.60bn | CN¥5.81bn | CN¥4.99bn |
| Cash and short-term investments | CN¥9.30bn | CN¥6.84bn | CN¥5.33bn | CN¥6.30bn | CN¥4.84bn | CN¥3.50bn | CN¥3.55bn | CN¥1.43bn | CN¥1.14bn | CN¥916.8m |
| Total liabilities | CN¥45.04bn | CN¥32.86bn | CN¥29.16bn | CN¥24.03bn | CN¥21.94bn | CN¥14.17bn | CN¥10.04bn | CN¥5.63bn | CN¥4.97bn | CN¥4.17bn |
| Debt | CN¥17.61bn | CN¥3.26bn | CN¥1.80bn | CN¥1.86bn | CN¥732.9m | CN¥697.4m | CN¥55.7m | CN¥400.7m | CN¥308.6m | CN¥346.8m |
| Shareholders' equity | CN¥8.19bn | CN¥5.68bn | CN¥5.25bn | CN¥4.85bn | CN¥2.81bn | CN¥1.78bn | CN¥1.52bn | CN¥970.7m | CN¥841.7m | CN¥816.2m |
| Shares outstanding | 787m | 701m | 672m | 678m | 594m | 499m | 451m | 353m | 363m | 787m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥615.6m | CN¥2.04bn | CN¥1.77bn | CN¥192.7m | CN¥2.30bn | −CN¥788.1m | CN¥1.44bn | CN¥205.3m | CN¥552.7m | −CN¥167.7m |
| Capital spending | −CN¥3.10bn | −CN¥1.57bn | −CN¥1.60bn | −CN¥1.30bn | −CN¥1.11bn | −CN¥589.2m | −CN¥204.6m | −CN¥122.6m | −CN¥69.7m | −CN¥99.5m |
| Free cash flow | −CN¥2.48bn | CN¥466.9m | CN¥171.2m | −CN¥1.10bn | CN¥1.18bn | −CN¥1.38bn | CN¥1.23bn | CN¥82.7m | CN¥483.0m | −CN¥267.2m |
| Dividends paid | −CN¥47.1m | −CN¥108.2m | −CN¥96.9m | −CN¥84.7m | −CN¥18.7m | −CN¥45.1m | −CN¥16.4m | −CN¥21.8m | −CN¥65.3m | −CN¥11.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.15bn | CN¥6.67bn | CN¥10.92bn | CN¥7.59bn | CN¥6.88bn | CN¥4.01bn | CN¥8.27bn | CN¥5.30bn |
| Gross profit | CN¥160.7m | CN¥535.7m | CN¥529.8m | CN¥703.7m | CN¥539.6m | CN¥419.9m | −CN¥89.5m | CN¥883.9m |
| Operating income | −CN¥284.6m | CN¥103.4m | CN¥45.3m | CN¥103.4m | CN¥84.9m | CN¥69.1m | CN¥233.9m | CN¥128.6m |
| Net income | −CN¥296.8m | CN¥47.8m | CN¥88.5m | CN¥107.8m | CN¥84.8m | CN¥58.8m | CN¥198.0m | CN¥119.3m |
| Diluted earnings per share | -0.38 | 0.06 | 0.11 | 0.14 | 0.11 | 0.07 | 0.28 | 0.17 |
| Cash from operations | — | — | CN¥519.0m | CN¥974.0m | −CN¥624.0m | −CN¥297.0m | CN¥2.76bn | CN¥1.07bn |
| Capital spending | −CN¥545.0m | −CN¥973.0m | −CN¥931.0m | −CN¥826.0m | −CN¥1.02bn | −CN¥317.0m | −CN¥301.0m | −CN¥394.0m |
| Free cash flow | — | — | −CN¥412.0m | CN¥148.0m | −CN¥1.65bn | −CN¥614.0m | CN¥2.46bn | CN¥675.0m |
| Total assets | CN¥53.29bn | CN¥54.79bn | CN¥53.50bn | CN¥48.90bn | CN¥43.64bn | CN¥41.05bn | CN¥38.67bn | CN¥34.64bn |
| Cash and short-term investments | — | — | CN¥9.30bn | CN¥6.53bn | CN¥5.69bn | CN¥7.53bn | CN¥6.84bn | CN¥4.30bn |
| Debt | CN¥5.10bn | CN¥5.00bn | CN¥17.07bn | CN¥14.17bn | CN¥3.42bn | CN¥3.79bn | CN¥3.16bn | CN¥2.97bn |
| Shareholders' equity | CN¥8.86bn | CN¥9.23bn | CN¥8.19bn | CN¥6.61bn | CN¥6.50bn | CN¥6.44bn | CN¥5.68bn | CN¥5.48bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.3% | 8.6% | 9.1% | 17.0% | 17.1% | 13.8% |
| Operating margin | 0.8% | 2.4% | 2.3% | 3.5% | 3.8% | 1.3% |
| Net margin | 1.2% | 2.1% | 2.2% | 3.5% | 3.6% | 1.5% |
| Return on equity | 4.2% | 8.2% | 7.9% | 12.7% | 20.9% | 9.7% |
| Return on assets | 0.6% | 1.2% | 1.2% | 2.1% | 2.4% | 1.1% |
| Free cash flow yield | 47.8% | 52.1% | 50.7% | 22.3% | 58.1% | -4.0% |
| Revenue growth | 32.3% | 18.5% | 7.7% | 7.6% | 40.8% | 129.1% |
| Earnings growth | -26.9% | 12.2% | -32.8% | 5.2% | 239.0% | 62.3% |
| Current ratio | 0.89x | 0.91x | 0.93x | 1.01x | 0.96x | 0.93x |
| Debt to equity | 2.09x | 0.56x | 0.31x | 0.37x | 0.23x | 0.39x |
| Equity ratio | 15.3% | 14.7% | 15.2% | 16.7% | 11.3% | 11.1% |
| Interest coverage | 2.31x | 6.11x | 4.29x | 8.55x | 14.66x | 13.96x |
| R&D as a share of sales | 2.7% | 2.7% | 3.0% | 2.9% | 3.6% | 3.5% |
| Buybacks as a share of market value | -12.2% | -4.3% | 0.8% | -14.0% | -19.1% | -10.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.1% | 20.7% | 22.4% |
| Operating income | -27.2% | 9.3% | 4.9% |
| Net income | -18.0% | 14.5% | 9.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.8% | 9.9% | 11.3% | 12.2% |
| Operating margin | 1.5% | 2.0% | 2.2% | 2.3% |
| Net margin | 1.6% | 2.1% | 2.3% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 44.1 | 20.0 | 17.3 | 16.3 | 24.8 | 26.5 | 41.6 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.6 | 0.9 | 0.4 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 9 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.06 | 0.05 | 0.10 | 0.222 | 0.083 |
- 8-for-5 split · 11 Apr 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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