L 
17.14
+2.45%
Close of 9 Nov 2026, in HKD
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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¥15.31bn
FY2016FY2025
Net income
CN¥1.80bn
FY2016FY2025
Free cash flow
−CN¥66.8m
FY2016FY2025
Shareholders' equity
CN¥5.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.31bn | CN¥13.82bn | CN¥12.27bn | CN¥11.80bn | CN¥6.21bn | CN¥6.52bn | CN¥6.84bn | CN¥4.40bn | CN¥4.86bn | CN¥7.05bn |
| Gross profit | CN¥3.29bn | CN¥1.70bn | CN¥1.13bn | CN¥914.5m | CN¥684.7m | CN¥762.5m | CN¥419.5m | CN¥193.2m | CN¥367.6m | CN¥769.5m |
| Research and development | CN¥14.9m | — | CN¥12.0m | CN¥15.4m | CN¥18.6m | CN¥4.1m | CN¥1.4m | CN¥3.9m | CN¥3.0m | CN¥45.6m |
| Operating income | CN¥2.58bn | CN¥1.16bn | CN¥677.5m | CN¥514.6m | CN¥355.6m | CN¥334.0m | CN¥52.6m | −CN¥1.13bn | CN¥822,358 | CN¥190.0m |
| Net income | CN¥1.80bn | CN¥813.0m | CN¥370.5m | CN¥279.8m | CN¥151.5m | CN¥104.5m | −CN¥272.0m | −CN¥1.35bn | −CN¥207.7m | −CN¥90.2m |
| Diluted earnings per share | 1.40 | 0.65 | 0.34 | 0.32 | 0.18 | 0.12 | -0.31 | -1.58 | -0.27 | -0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.63bn | CN¥8.40bn | CN¥7.96bn | CN¥8.04bn | CN¥8.16bn | CN¥7.81bn | CN¥6.91bn | CN¥9.57bn | CN¥9.26bn | CN¥8.72bn |
| Cash and short-term investments | CN¥2.50bn | CN¥479.7m | CN¥302.8m | CN¥271.7m | CN¥244.3m | CN¥327.4m | CN¥426.3m | CN¥1.01bn | CN¥607.2m | CN¥1.36bn |
| Total liabilities | CN¥7.04bn | CN¥4.73bn | CN¥5.12bn | CN¥5.83bn | CN¥6.12bn | CN¥5.93bn | CN¥5.16bn | CN¥7.31bn | CN¥7.65bn | CN¥7.50bn |
| Debt | CN¥3.76bn | CN¥2.67bn | CN¥2.87bn | CN¥3.70bn | CN¥3.59bn | CN¥3.77bn | CN¥3.43bn | CN¥4.57bn | CN¥4.89bn | CN¥5.07bn |
| Shareholders' equity | CN¥5.69bn | CN¥3.94bn | CN¥3.10bn | CN¥2.45bn | CN¥2.25bn | CN¥2.08bn | CN¥1.92bn | CN¥2.41bn | CN¥1.43bn | CN¥1.30bn |
| Shares outstanding | 1,287m | 1,244m | 1,103m | 864m | 864m | 864m | 864m | 855m | 770m | 770m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.14bn | CN¥991.6m | CN¥544.0m | CN¥645.7m | CN¥780.8m | CN¥439.6m | −CN¥1.06bn | −CN¥29.4m | CN¥246.3m | CN¥1.00bn |
| Capital spending | −CN¥1.21bn | −CN¥632.4m | −CN¥518.3m | −CN¥467.6m | −CN¥273.4m | −CN¥320.2m | −CN¥296.4m | −CN¥467.0m | −CN¥107.2m | −CN¥360.6m |
| Free cash flow | −CN¥66.8m | CN¥359.2m | CN¥25.7m | CN¥178.0m | CN¥507.4m | CN¥119.5m | −CN¥1.36bn | −CN¥496.4m | CN¥139.2m | CN¥642.5m |
| Dividends paid | −CN¥331.5m | −CN¥94.1m | — | — | — | — | −CN¥197.3m | −CN¥197.3m | −CN¥197.3m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.18bn | CN¥6.23bn | CN¥9.08bn | CN¥8.84bn | CN¥4.99bn | CN¥5.47bn | CN¥6.80bn | CN¥7.27bn |
| Gross profit | CN¥2.16bn | CN¥1.96bn | CN¥1.33bn | CN¥1.23bn | CN¥474.9m | CN¥715.8m | CN¥413.9m | CN¥435.2m |
| Operating income | CN¥1.84bn | CN¥1.47bn | CN¥1.10bn | CN¥921.0m | CN¥298.9m | CN¥348.3m | CN¥271.2m | CN¥164.3m |
| Net income | CN¥1.12bn | CN¥1.02bn | CN¥773.4m | CN¥635.4m | CN¥177.7m | CN¥207.0m | CN¥163.5m | CN¥70.9m |
| Diluted earnings per share | 0.84 | 0.80 | 0.60 | 0.51 | 0.14 | 0.19 | 0.15 | 0.08 |
| Cash from operations | — | CN¥762.0m | CN¥471.0m | CN¥795.0m | CN¥195.0m | CN¥293.0m | CN¥250.0m | CN¥445.0m |
| Capital spending | — | −CN¥849.0m | −CN¥384.0m | −CN¥379.0m | −CN¥253.0m | −CN¥246.0m | −CN¥205.0m | −CN¥274.0m |
| Free cash flow | — | −CN¥87.0m | CN¥87.0m | CN¥416.0m | −CN¥58.0m | CN¥47.0m | CN¥45.0m | CN¥171.0m |
| Total assets | CN¥19.84bn | CN¥12.63bn | CN¥10.54bn | CN¥8.40bn | CN¥9.20bn | CN¥7.96bn | CN¥8.41bn | CN¥8.04bn |
| Cash and short-term investments | CN¥2.96bn | CN¥2.50bn | CN¥1.04bn | CN¥479.7m | CN¥673.1m | CN¥302.8m | CN¥370.1m | CN¥271.7m |
| Debt | CN¥2.99bn | CN¥3.76bn | CN¥3.97bn | CN¥3.11bn | CN¥4.50bn | CN¥3.35bn | CN¥4.43bn | CN¥4.31bn |
| Shareholders' equity | CN¥9.13bn | CN¥5.69bn | CN¥4.85bn | CN¥3.94bn | CN¥3.31bn | CN¥3.10bn | CN¥2.59bn | CN¥2.45bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 21.5% | 12.3% | 9.2% | 7.8% | 11.0% | 11.7% | — |
| Operating margin | 16.8% | 8.4% | 5.5% | 4.4% | 5.7% | 5.1% | — |
| Net margin | 11.7% | 5.9% | 3.0% | 2.4% | 2.4% | 1.6% | — |
| Return on equity | 31.6% | 20.6% | 11.9% | 11.4% | 6.7% | 5.0% | — |
| Return on assets | 14.2% | 9.7% | 4.7% | 3.5% | 1.9% | 1.3% | — |
| Free cash flow yield | 6.8% | 4.8% | 3.6% | 4.8% | 4.5% | 3.3% | — |
| Revenue growth | 10.8% | 12.7% | 4.0% | 90.0% | -4.8% | -4.7% | — |
| Earnings growth | 121.1% | 119.4% | 32.4% | 84.7% | 45.0% | -138.4% | — |
| Current ratio | 1.16x | 0.99x | 0.80x | 0.72x | 0.68x | 0.73x | — |
| Debt to equity | 0.66x | 0.78x | 1.07x | 1.75x | 1.86x | 2.11x | — |
| Equity ratio | 45.0% | 46.9% | 38.9% | 30.5% | 27.5% | 26.6% | — |
| Interest coverage | 16.41x | 7.32x | 11.09x | 10.94x | 9.62x | 4.22x | — |
| R&D as a share of sales | 0.1% | — | 0.1% | 0.1% | 0.3% | 0.1% | 0.0% |
| Buybacks as a share of market value | -3.5% | -12.8% | -27.6% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.1% | 18.6% | 8.6% |
| Operating income | 71.1% | 50.5% | 61.7% |
| Net income | 85.9% | 76.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.1% | 13.2% | 12.9% | 11.2% |
| Operating margin | 12.8% | 9.3% | 8.5% | 5.0% |
| Net margin | 9.0% | 6.1% | 5.3% | 1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | 3.9 | 4.1 | 2.5 | 4.5 | 8.7 | -3.2 | -0.7 | -4.2 | -13.8 |
| Price to sales | 1.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 21 May 2026.
| FY2026 | FY2025 | FY2024 | FY2019 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.267 | 0.071 | 0.20 | 0.07 | 0.10 | 0.10 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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