L 
13.28
-1.04%
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¥714.29bn
FY2016FY2025
Net income
CN¥1.24bn
FY2016FY2025
Free cash flow
−CN¥20.19bn
FY2016FY2025
Shareholders' equity
CN¥65.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥714.29bn | CN¥522.10bn | CN¥442.84bn | CN¥483.66bn | CN¥570.63bn | CN¥486.41bn | CN¥453.39bn | CN¥418.09bn | CN¥368.40bn | CN¥343.34bn |
| Gross profit | CN¥119.76bn | CN¥94.47bn | CN¥77.23bn | CN¥85.45bn | CN¥100.10bn | CN¥81.94bn | CN¥80.00bn | CN¥64.19bn | CN¥54.23bn | CN¥52.54bn |
| Operating income | CN¥31.24bn | CN¥15.61bn | CN¥8.16bn | CN¥21.28bn | CN¥25.75bn | CN¥15.71bn | CN¥17.21bn | CN¥12.36bn | CN¥5.15bn | CN¥7.74bn |
| Net income | CN¥1.24bn | CN¥133.2m | −CN¥3.87bn | CN¥1.17bn | CN¥6.70bn | CN¥4.88bn | CN¥10.05bn | CN¥8.78bn | CN¥6.21bn | CN¥5.66bn |
| Diluted earnings per share | 0.53 | 0.06 | -1.67 | 0.50 | 2.87 | 2.07 | 4.27 | 3.71 | 2.64 | 2.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥902.60bn | CN¥810.71bn | CN¥775.49bn | CN¥793.36bn | CN¥792.91bn | CN¥759.18bn | CN¥726.96bn | CN¥650.30bn | CN¥390.31bn | CN¥375.39bn |
| Cash and short-term investments | CN¥116.61bn | CN¥102.03bn | CN¥106.11bn | CN¥130.53bn | CN¥134.55bn | CN¥109.02bn | CN¥89.61bn | CN¥87.55bn | CN¥51.26bn | CN¥52.43bn |
| Total liabilities | CN¥776.84bn | CN¥696.96bn | CN¥658.86bn | CN¥674.36bn | CN¥684.79bn | CN¥658.22bn | CN¥620.00bn | CN¥553.60bn | CN¥298.31bn | CN¥295.02bn |
| Debt | CN¥201.87bn | CN¥134.13bn | CN¥128.26bn | CN¥136.53bn | CN¥136.90bn | CN¥140.14bn | CN¥142.01bn | CN¥128.23bn | CN¥87.58bn | CN¥83.22bn |
| Shareholders' equity | CN¥65.03bn | CN¥64.93bn | CN¥67.94bn | CN¥74.49bn | CN¥73.19bn | CN¥72.21bn | CN¥80.03bn | CN¥74.88bn | CN¥71.34bn | CN¥60.88bn |
| Shares outstanding | 2,350m | 2,350m | 2,313m | 2,349m | 2,336m | 2,356m | 2,356m | 2,365m | 2,356m | 2,356m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥748.4m | CN¥27.08bn | CN¥10.43bn | CN¥55.39bn | CN¥25.82bn | CN¥49.81bn | CN¥10.72bn | CN¥3.22bn | −CN¥6.26bn | CN¥14.31bn |
| Capital spending | −CN¥19.45bn | −CN¥12.78bn | −CN¥17.21bn | −CN¥16.65bn | −CN¥11.48bn | −CN¥8.80bn | −CN¥9.20bn | −CN¥5.83bn | −CN¥7.50bn | −CN¥7.54bn |
| Free cash flow | −CN¥20.19bn | CN¥14.30bn | −CN¥6.78bn | CN¥38.74bn | CN¥14.34bn | CN¥41.00bn | CN¥1.52bn | −CN¥2.62bn | −CN¥13.76bn | CN¥6.77bn |
| Dividends paid | — | −CN¥136.9m | −CN¥516.9m | −CN¥973.8m | −CN¥989.8m | −CN¥903.9m | −CN¥823.4m | −CN¥741.1m | −CN¥664.2m | −CN¥603.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥416.93bn | CN¥382.06bn | CN¥332.23bn | CN¥284.14bn | CN¥165.49bn | CN¥237.96bn | CN¥138.60bn | CN¥241.55bn |
| Gross profit | CN¥70.51bn | CN¥63.26bn | CN¥56.50bn | CN¥49.87bn | CN¥29.04bn | CN¥44.60bn | CN¥25.98bn | CN¥46.47bn |
| Operating income | CN¥22.24bn | CN¥16.49bn | CN¥14.75bn | CN¥14.36bn | CN¥8.37bn | CN¥11.29bn | CN¥6.58bn | CN¥11.40bn |
| Net income | CN¥2.56bn | CN¥421.3m | CN¥814.3m | −CN¥152.6m | −CN¥88.9m | CN¥285.9m | CN¥166.5m | −CN¥4.54bn |
| Diluted earnings per share | 1.09 | 0.18 | 0.35 | -0.06 | -0.04 | 0.12 | 0.07 | -1.96 |
| Cash from operations | CN¥4.03bn | CN¥1.62bn | CN¥2.27bn | CN¥9.22bn | CN¥5.37bn | CN¥17.85bn | CN¥10.40bn | CN¥12.73bn |
| Capital spending | −CN¥8.99bn | −CN¥11.24bn | −CN¥8.70bn | −CN¥6.71bn | −CN¥3.91bn | −CN¥6.07bn | −CN¥3.53bn | −CN¥9.39bn |
| Free cash flow | −CN¥4.96bn | −CN¥9.62bn | −CN¥6.43bn | CN¥2.51bn | CN¥1.46bn | CN¥11.79bn | CN¥6.86bn | CN¥3.34bn |
| Total assets | CN¥1.02trn | CN¥902.60bn | CN¥853.94bn | CN¥695.97bn | CN¥810.71bn | CN¥678.94bn | CN¥790.87bn | CN¥665.73bn |
| Cash and short-term investments | CN¥120.22bn | CN¥116.61bn | CN¥109.18bn | CN¥87.59bn | CN¥102.03bn | CN¥96.70bn | CN¥112.64bn | CN¥91.09bn |
| Debt | CN¥144.90bn | CN¥201.87bn | CN¥193.52bn | CN¥154.65bn | CN¥94.00bn | CN¥166.69bn | CN¥111.88bn | CN¥156.85bn |
| Shareholders' equity | CN¥64.62bn | CN¥65.03bn | CN¥69.67bn | CN¥55.74bn | CN¥64.93bn | CN¥57.04bn | CN¥66.44bn | CN¥58.33bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.8% | 18.1% | 17.4% | 17.7% | 17.5% | 16.8% |
| Operating margin | 4.4% | 3.0% | 1.8% | 4.4% | 4.5% | 3.2% |
| Net margin | 0.2% | 0.0% | -0.9% | 0.2% | 1.2% | 1.0% |
| Return on equity | 1.9% | 0.2% | -6.6% | 1.8% | 9.2% | 6.8% |
| Return on assets | 0.1% | 0.0% | -0.6% | 0.2% | 0.8% | 0.6% |
| Free cash flow yield | 28.2% | 70.0% | 42.4% | 108.7% | 56.6% | 88.2% |
| Revenue growth | 17.4% | 17.9% | -8.4% | -1.3% | 17.3% | 7.3% |
| Earnings growth | 696.2% | -103.4% | -432.0% | -79.7% | 37.5% | -51.5% |
| Current ratio | 0.73x | 0.70x | 0.66x | 0.75x | 0.84x | 0.80x |
| Debt to equity | 3.06x | 2.74x | 2.64x | 2.45x | 2.35x | 2.20x |
| Equity ratio | 7.2% | 8.0% | 8.8% | 9.4% | 9.2% | 9.5% |
| Interest coverage | 3.33x | 2.69x | 1.42x | 4.01x | 4.40x | 2.51x |
| Buybacks as a share of market value | 0.0% | -1.6% | 1.5% | -0.6% | 0.8% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.9% | 8.0% | 7.1% |
| Operating income | 13.6% | 14.7% | 27.6% |
| Net income | 1.9% | -24.0% | -13.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.3% | 17.4% | 17.4% | 16.8% |
| Operating margin | 3.8% | 3.5% | 3.7% | 3.2% |
| Net margin | 0.1% | -0.1% | 0.3% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.6 | 121.6 | -3.8 | 14.6 | 3.5 | 4.3 | 3.6 | 4.8 | 11.8 | 6.2 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.217 | 0.469 | 0.437 | 0.361 | 0.30 | 0.27 | 0.242 | 0.26 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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