N 
21.30
+0.90%
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¥885.4m
FY2018FY2025
Net income
CN¥30.6m
FY2018FY2025
Free cash flow
−CN¥276.6m
FY2018FY2025
Shareholders' equity
CN¥936.0m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥885.4m | CN¥833.0m | CN¥793.1m | CN¥746.2m | CN¥694.7m | CN¥496.9m | CN¥349.7m | CN¥321.4m |
| Gross profit | CN¥270.8m | CN¥277.8m | CN¥248.7m | CN¥210.4m | CN¥214.7m | CN¥166.9m | CN¥93.2m | CN¥64.7m |
| Research and development | CN¥24.2m | CN¥24.4m | CN¥23.9m | CN¥25.8m | CN¥21.9m | CN¥13.6m | CN¥9.9m | CN¥9.9m |
| Operating income | CN¥65.7m | CN¥64.7m | CN¥86.3m | CN¥97.0m | CN¥108.0m | CN¥77.5m | CN¥24.0m | CN¥5.1m |
| Net income | CN¥30.6m | CN¥58.5m | CN¥75.9m | CN¥84.7m | CN¥93.5m | CN¥65.1m | CN¥20.9m | CN¥4.2m |
| Diluted earnings per share | 0.38 | 0.51 | 0.85 | 0.71 | 1.15 | 0.80 | 0.26 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.04bn | CN¥1.71bn | CN¥1.17bn | CN¥939.4m | CN¥690.2m | CN¥466.3m | CN¥365.6m | — |
| Cash and short-term investments | — | CN¥317.8m | CN¥136.7m | CN¥99.1m | CN¥57.1m | CN¥131.2m | CN¥14.8m | — |
| Total liabilities | CN¥1.10bn | CN¥787.4m | CN¥643.7m | CN¥490.1m | CN¥322.6m | CN¥251.7m | CN¥267.7m | — |
| Debt | CN¥146.9m | CN¥590.8m | CN¥445.7m | CN¥347.1m | CN¥192.3m | CN¥154.2m | CN¥175.9m | — |
| Shareholders' equity | CN¥936.0m | CN¥924.6m | CN¥527.6m | CN¥448.9m | CN¥367.0m | CN¥214.0m | CN¥97.9m | — |
| Shares outstanding | 81m | 114m | 89m | 119m | 81m | 81m | 81m | 81m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥89.2m | −CN¥117.6m | −CN¥139.1m | −CN¥150.7m | −CN¥213.8m | −CN¥115.6m | −CN¥84.0m | — |
| Capital spending | −CN¥187.4m | −CN¥278.4m | −CN¥152.9m | −CN¥155.9m | −CN¥171.7m | −CN¥33.9m | −CN¥15.9m | — |
| Free cash flow | −CN¥276.6m | −CN¥395.9m | −CN¥292.0m | −CN¥306.6m | −CN¥385.4m | −CN¥149.5m | −CN¥99.9m | — |
| Dividends paid | −CN¥41.9m | −CN¥41.0m | −CN¥17.6m | −CN¥10.9m | −CN¥5.7m | −CN¥8.9m | −CN¥9.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥279.6m | CN¥250.9m | CN¥213.0m | CN¥226.4m | CN¥233.4m | CN¥212.7m | CN¥188.8m | CN¥208.4m |
| Gross profit | CN¥111.9m | CN¥76.1m | CN¥63.1m | CN¥72.5m | CN¥65.1m | CN¥70.0m | CN¥65.6m | CN¥71.6m |
| Operating income | CN¥32.0m | CN¥26.1m | −CN¥406,350 | CN¥3.3m | CN¥4.8m | CN¥18.9m | CN¥18.4m | CN¥8.9m |
| Net income | CN¥13.7m | CN¥10.8m | CN¥2.2m | CN¥3.0m | CN¥6.2m | CN¥16.2m | CN¥17.1m | CN¥7.9m |
| Diluted earnings per share | 0.17 | 0.13 | 0.03 | 0.04 | 0.08 | 0.20 | 0.15 | 0.07 |
| Cash from operations | — | — | — | CN¥113.0m | −CN¥89.0m | −CN¥33.0m | −CN¥40.0m | CN¥47.0m |
| Capital spending | −CN¥102.0m | −CN¥43.0m | −CN¥25.0m | −CN¥40.0m | −CN¥76.0m | −CN¥45.0m | −CN¥89.0m | −CN¥81.0m |
| Free cash flow | — | — | — | CN¥73.0m | −CN¥165.0m | −CN¥78.0m | −CN¥129.0m | −CN¥34.0m |
| Total assets | CN¥2.24bn | CN¥2.09bn | CN¥2.04bn | CN¥1.78bn | CN¥1.80bn | CN¥1.75bn | CN¥1.71bn | CN¥1.57bn |
| Cash and short-term investments | — | — | — | CN¥211.9m | CN¥268.1m | CN¥309.9m | CN¥317.8m | CN¥346.2m |
| Debt | CN¥164.8m | CN¥130.8m | CN¥146.9m | CN¥531.8m | CN¥550.8m | CN¥568.2m | CN¥495.6m | CN¥475.7m |
| Shareholders' equity | CN¥960.2m | CN¥947.3m | CN¥936.0m | CN¥935.1m | CN¥929.1m | CN¥940.8m | CN¥924.6m | CN¥906.2m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.6% | 33.3% | 31.4% | 28.2% | 30.9% | 33.6% |
| Operating margin | 5.8% | 10.5% | 13.6% | 14.7% | 16.5% | 18.4% |
| Net margin | 3.5% | 7.0% | 9.6% | 11.4% | 13.5% | 13.1% |
| Return on equity | 3.3% | 6.3% | 14.4% | 18.9% | 25.5% | 30.4% |
| Return on assets | 1.5% | 3.4% | 6.5% | 9.0% | 13.5% | 14.0% |
| Free cash flow yield | 5.2% | 6.0% | 0.7% | 0.2% | — | — |
| Revenue growth | 6.3% | 5.0% | 6.3% | 7.4% | 39.8% | 42.1% |
| Earnings growth | -47.8% | -22.9% | -10.4% | -9.4% | 43.5% | 211.0% |
| Current ratio | 1.35x | 1.47x | 1.27x | 1.23x | 1.49x | 1.41x |
| Debt to equity | 0.16x | 0.61x | 0.91x | 0.70x | 0.46x | 0.63x |
| Equity ratio | 45.8% | 54.0% | 45.0% | 47.8% | 53.2% | 45.9% |
| Interest coverage | 1.84x | 3.59x | 4.85x | 7.54x | 11.64x | 6.61x |
| R&D as a share of sales | 2.7% | 2.9% | 3.0% | 3.5% | 3.1% | 2.7% |
| Buybacks as a share of market value | 29.0% | -28.6% | 25.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.9% | 12.2% | — |
| Operating income | -12.2% | -3.3% | — |
| Net income | -28.8% | -14.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.9% | 30.9% | 31.2% | — |
| Operating margin | 7.6% | 9.6% | 11.2% | — |
| Net margin | 5.2% | 7.7% | 9.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 48.2 | 39.5 |
| Price to sales | 1.7 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.14 | 0.19 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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