C 
32.52
-2.20%
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¥48.14bn
FY2017FY2025
Net income
CN¥1.57bn
FY2017FY2025
Free cash flow
−CN¥2.61bn
FY2017FY2025
Shareholders' equity
CN¥24.14bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥48.14bn | CN¥40.22bn | CN¥34.27bn | CN¥30.34bn | CN¥20.07bn | CN¥7.44bn | CN¥5.31bn | CN¥3.07bn | CN¥1.86bn |
| Gross profit | CN¥8.02bn | CN¥4.84bn | CN¥4.58bn | CN¥3.37bn | CN¥2.29bn | CN¥967.3m | CN¥640.9m | CN¥338.7m | CN¥180.8m |
| Research and development | CN¥1.17bn | CN¥1.11bn | CN¥1.06bn | CN¥929.2m | CN¥769.2m | CN¥270.1m | CN¥175.5m | CN¥107.9m | CN¥69.3m |
| Operating income | CN¥3.61bn | CN¥2.03bn | CN¥2.62bn | CN¥1.73bn | CN¥1.08bn | CN¥481.8m | CN¥212.3m | CN¥90.4m | CN¥25.1m |
| Net income | CN¥1.57bn | CN¥1.47bn | CN¥1.95bn | CN¥1.54bn | CN¥939.0m | CN¥420.2m | CN¥179.8m | CN¥63.1m | CN¥18.2m |
| Diluted earnings per share | 1.73 | 1.58 | 2.91 | 1.77 | 1.65 | 0.74 | 0.34 | 0.07 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥81.61bn | CN¥73.02bn | CN¥62.19bn | CN¥53.88bn | CN¥28.20bn | CN¥9.87bn | CN¥6.16bn | CN¥4.08bn | CN¥2.03bn |
| Cash and short-term investments | — | CN¥13.20bn | CN¥11.44bn | CN¥15.25bn | CN¥8.70bn | CN¥2.71bn | CN¥1.01bn | CN¥515.5m | CN¥53.0m |
| Total liabilities | CN¥47.99bn | CN¥43.53bn | CN¥34.26bn | CN¥33.54bn | CN¥17.58bn | CN¥6.03bn | CN¥4.05bn | CN¥3.59bn | CN¥1.73bn |
| Debt | — | CN¥28.59bn | CN¥23.42bn | CN¥22.66bn | CN¥13.38bn | CN¥4.38bn | CN¥2.53bn | CN¥2.23bn | CN¥847.2m |
| Shareholders' equity | CN¥24.14bn | CN¥20.14bn | CN¥19.83bn | CN¥16.52bn | CN¥9.83bn | CN¥3.84bn | CN¥2.11bn | CN¥490.0m | CN¥301.1m |
| Shares outstanding | 907m | 928m | 669m | 869m | 570m | 570m | 522m | 907m | 907m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.37bn | CN¥3.94bn | CN¥4.39bn | −CN¥4.95bn | −CN¥1.66bn | CN¥463.6m | −CN¥250.6m | −CN¥208.5m | −CN¥216.0m |
| Capital spending | −CN¥3.98bn | −CN¥6.47bn | −CN¥6.94bn | −CN¥9.54bn | −CN¥5.00bn | −CN¥1.05bn | −CN¥514.1m | −CN¥601.0m | −CN¥254.8m |
| Free cash flow | −CN¥2.61bn | −CN¥2.53bn | −CN¥2.55bn | −CN¥14.49bn | −CN¥6.65bn | −CN¥582.7m | −CN¥764.7m | −CN¥809.4m | −CN¥470.8m |
| Dividends paid | −CN¥1.50bn | −CN¥2.35bn | −CN¥172.7m | −CN¥590.1m | −CN¥157.7m | −CN¥42.2m | −CN¥93.0m | −CN¥44.9m | −CN¥5.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.83bn | CN¥15.75bn | CN¥14.84bn | CN¥11.97bn | CN¥10.54bn | CN¥10.79bn | CN¥10.06bn | CN¥10.08bn |
| Gross profit | CN¥2.52bn | CN¥1.96bn | CN¥1.85bn | CN¥1.51bn | CN¥1.25bn | CN¥1.29bn | CN¥1.06bn | CN¥1.22bn |
| Operating income | CN¥1.82bn | CN¥1.20bn | CN¥1.20bn | CN¥821.3m | CN¥457.7m | CN¥387.8m | CN¥210.4m | CN¥509.8m |
| Net income | CN¥747.6m | CN¥555.3m | CN¥454.6m | CN¥379.9m | CN¥425.2m | CN¥307.6m | CN¥143.3m | CN¥459.5m |
| Diluted earnings per share | 0.82 | 0.61 | 0.50 | 0.42 | 0.47 | 0.34 | 0.15 | 0.49 |
| Cash from operations | — | — | — | CN¥722.0m | CN¥1.37bn | CN¥108.0m | CN¥1.07bn | CN¥1.56bn |
| Capital spending | −CN¥199.0m | −CN¥915.0m | −CN¥728.0m | −CN¥1.54bn | −CN¥546.0m | −CN¥1.17bn | −CN¥2.62bn | −CN¥1.50bn |
| Free cash flow | — | — | — | −CN¥815.0m | CN¥821.0m | −CN¥1.06bn | −CN¥1.55bn | CN¥62.0m |
| Total assets | CN¥89.73bn | CN¥83.43bn | CN¥81.61bn | CN¥76.50bn | CN¥74.69bn | CN¥73.55bn | CN¥73.02bn | CN¥71.06bn |
| Cash and short-term investments | — | — | — | CN¥10.62bn | CN¥11.68bn | CN¥11.52bn | CN¥13.20bn | CN¥14.39bn |
| Debt | CN¥16.24bn | CN¥17.73bn | CN¥15.78bn | CN¥22.03bn | CN¥21.02bn | CN¥22.13bn | CN¥20.22bn | CN¥22.47bn |
| Shareholders' equity | CN¥24.19bn | CN¥24.43bn | CN¥24.14bn | CN¥20.32bn | CN¥20.34bn | CN¥20.21bn | CN¥20.14bn | CN¥20.07bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.7% | 12.0% | 13.3% | 11.1% | 11.4% | 13.0% |
| Operating margin | 7.5% | 5.1% | 7.7% | 5.7% | 5.4% | 6.5% |
| Net margin | 3.3% | 3.6% | 5.7% | 5.1% | 4.7% | 5.6% |
| Return on equity | 6.5% | 7.3% | 9.8% | 9.3% | 9.5% | 11.0% |
| Return on assets | 1.9% | 2.0% | 3.1% | 2.9% | 3.3% | 4.3% |
| Free cash flow yield | 15.7% | 29.7% | 44.9% | 14.0% | 15.5% | 7.0% |
| Revenue growth | 19.7% | 17.4% | 12.9% | 51.2% | 169.8% | 40.1% |
| Earnings growth | 6.8% | -24.6% | 26.2% | 64.3% | 123.5% | 133.6% |
| Current ratio | 1.34x | 1.40x | 1.82x | 1.85x | 1.37x | 1.36x |
| Debt to equity | 0.65x | 1.00x | 0.96x | 1.25x | 0.61x | 0.41x |
| Equity ratio | 29.6% | 27.6% | 31.9% | 30.7% | 34.9% | 38.9% |
| Interest coverage | 3.69x | 1.91x | 3.01x | 3.03x | 8.21x | 6.95x |
| R&D as a share of sales | 2.4% | 2.8% | 3.1% | 3.1% | 3.8% | 3.6% |
| Buybacks as a share of market value | 2.3% | -38.8% | 23.0% | -52.6% | 0.0% | -9.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.6% | 45.3% | — |
| Operating income | 27.9% | 49.6% | — |
| Net income | 0.5% | 30.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.6% | 13.6% | 13.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 26.8 | 22.9 | 12.1 | 26.4 | 65.7 | 79.1 |
| Price to sales | 0.9 | 0.8 | 0.7 | 1.3 | 3.1 | 4.5 |
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 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.38 | 0.64 | 1.109 | 0.184 | 0.119 | 0.057 |
- 7-for-5 split · 29 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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