Z 
28.04
-1.89%
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¥33.04bn
FY2016FY2025
Net income
CN¥4.73bn
FY2016FY2025
Free cash flow
CN¥321.7m
FY2016FY2025
Shareholders' equity
CN¥49.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥33.04bn | CN¥24.91bn | CN¥21.80bn | CN¥20.84bn | CN¥17.13bn | CN¥18.53bn | CN¥18.84bn | CN¥18.10bn | CN¥17.50bn | CN¥16.94bn |
| Gross profit | CN¥11.04bn | CN¥8.07bn | CN¥5.09bn | CN¥6.90bn | CN¥5.78bn | CN¥6.80bn | CN¥7.33bn | CN¥6.78bn | CN¥6.49bn | CN¥6.47bn |
| Research and development | CN¥3.48bn | CN¥2.66bn | CN¥2.06bn | CN¥2.04bn | CN¥1.95bn | CN¥1.95bn | CN¥1.86bn | CN¥1.67bn | CN¥1.57bn | CN¥1.32bn |
| Operating income | CN¥5.60bn | CN¥3.25bn | CN¥3.25bn | CN¥3.39bn | CN¥2.43bn | CN¥3.21bn | CN¥3.35bn | CN¥3.40bn | CN¥3.25bn | CN¥3.45bn |
| Net income | CN¥4.73bn | CN¥3.70bn | CN¥3.04bn | CN¥2.95bn | CN¥2.33bn | CN¥2.86bn | CN¥3.07bn | CN¥3.02bn | CN¥2.92bn | CN¥3.36bn |
| Diluted earnings per share | 3.49 | 2.63 | 2.15 | 2.08 | 1.65 | 2.43 | 2.61 | 2.91 | 2.49 | 2.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥83.72bn | CN¥74.89bn | CN¥61.72bn | CN¥56.06bn | CN¥51.02bn | CN¥39.14bn | CN¥38.12bn | CN¥33.55bn | CN¥30.80bn | CN¥27.42bn |
| Cash and short-term investments | CN¥10.26bn | CN¥20.61bn | CN¥15.98bn | CN¥16.86bn | CN¥18.32bn | CN¥10.24bn | CN¥10.64bn | CN¥9.28bn | CN¥7.12bn | CN¥6.36bn |
| Total liabilities | CN¥29.97bn | CN¥23.16bn | CN¥18.13bn | CN¥15.27bn | CN¥12.55bn | CN¥11.10bn | CN¥12.47bn | CN¥10.30bn | CN¥9.93bn | CN¥8.86bn |
| Debt | CN¥10.67bn | CN¥389.0m | CN¥1.40bn | CN¥3.34bn | CN¥2.23bn | CN¥2.30bn | CN¥2.77bn | CN¥2.76bn | CN¥2.45bn | CN¥2.10bn |
| Shareholders' equity | CN¥49.12bn | CN¥47.99bn | CN¥42.76bn | CN¥39.91bn | CN¥37.70bn | CN¥27.57bn | CN¥25.32bn | CN¥22.91bn | CN¥20.53bn | CN¥18.26bn |
| Shares outstanding | 1,358m | 1,408m | 1,417m | 1,418m | 1,415m | 1,175m | 1,175m | 1,039m | 1,171m | 1,178m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥4.84bn | CN¥3.36bn | CN¥3.21bn | CN¥2.36bn | CN¥2.48bn | CN¥2.02bn | CN¥2.12bn | CN¥4.34bn | CN¥1.70bn | CN¥1.68bn |
| Capital spending | −CN¥4.51bn | −CN¥3.45bn | −CN¥3.44bn | −CN¥1.10bn | −CN¥1.13bn | −CN¥2.14bn | −CN¥867.3m | −CN¥775.9m | −CN¥501.3m | −CN¥1.65bn |
| Free cash flow | CN¥321.7m | −CN¥89.4m | −CN¥229.6m | CN¥1.26bn | CN¥1.36bn | −CN¥124.6m | CN¥1.26bn | CN¥3.57bn | CN¥1.20bn | CN¥31.0m |
| Dividends paid | −CN¥2.20bn | −CN¥1.13bn | −CN¥972.7m | −CN¥769.1m | −CN¥762.7m | −CN¥638.3m | −CN¥636.0m | −CN¥639.6m | −CN¥624.8m | −CN¥671.5m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.84bn | CN¥11.24bn | CN¥7.64bn | CN¥8.87bn | CN¥4.54bn | CN¥8.65bn | CN¥5.97bn | CN¥7.40bn |
| Gross profit | CN¥1.95bn | CN¥3.83bn | CN¥2.54bn | CN¥2.76bn | CN¥1.52bn | CN¥3.27bn | CN¥1.99bn | CN¥1.90bn |
| Operating income | CN¥787.1m | CN¥1.58bn | CN¥1.19bn | CN¥1.50bn | CN¥777.9m | CN¥1.43bn | CN¥1.15bn | CN¥1.24bn |
| Net income | CN¥736.8m | CN¥1.57bn | CN¥1.21bn | CN¥1.20bn | CN¥631.3m | CN¥1.20bn | CN¥994.3m | CN¥1.07bn |
| Diluted earnings per share | 0.54 | 1.15 | 0.89 | 0.89 | 0.46 | 0.85 | 0.71 | 0.76 |
| Cash from operations | −CN¥917.0m | CN¥2.19bn | CN¥347.0m | CN¥2.11bn | CN¥54.0m | CN¥2.81bn | −CN¥115.0m | CN¥1.33bn |
| Capital spending | −CN¥732.0m | −CN¥1.02bn | −CN¥1.67bn | −CN¥1.33bn | −CN¥557.0m | −CN¥791.0m | −CN¥868.0m | −CN¥1.69bn |
| Free cash flow | −CN¥1.65bn | CN¥1.17bn | −CN¥1.32bn | CN¥783.0m | −CN¥503.0m | CN¥2.02bn | −CN¥983.0m | −CN¥354.0m |
| Total assets | CN¥82.95bn | CN¥83.72bn | CN¥80.37bn | CN¥79.94bn | CN¥76.82bn | CN¥64.80bn | CN¥63.22bn | CN¥61.94bn |
| Cash and short-term investments | CN¥9.36bn | CN¥10.26bn | CN¥7.02bn | CN¥12.55bn | CN¥14.33bn | CN¥17.84bn | CN¥9.84bn | CN¥16.53bn |
| Debt | CN¥11.26bn | CN¥10.68bn | CN¥9.45bn | CN¥8.17bn | CN¥388.2m | CN¥6.21bn | CN¥709.8m | CN¥1.54bn |
| Shareholders' equity | CN¥49.68bn | CN¥49.12bn | CN¥47.51bn | CN¥46.98bn | CN¥47.69bn | CN¥41.53bn | CN¥40.54bn | CN¥39.52bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.4% | 32.4% | 23.3% | 33.1% | 33.7% | 36.7% |
| Operating margin | 17.0% | 13.0% | 14.9% | 16.3% | 14.2% | 17.3% |
| Net margin | 14.3% | 14.9% | 13.9% | 14.2% | 13.6% | 15.4% |
| Return on equity | 9.6% | 8.9% | 8.2% | 7.4% | 6.2% | 10.4% |
| Return on assets | 5.7% | 5.7% | 5.7% | 5.3% | 4.6% | 7.3% |
| Free cash flow yield | 19.4% | 15.8% | 13.3% | 6.9% | 7.2% | 10.0% |
| Revenue growth | 14.8% | 14.2% | 20.9% | 21.7% | -7.5% | -1.7% |
| Earnings growth | 10.6% | 21.8% | 19.0% | 26.7% | -18.5% | -6.9% |
| Current ratio | 1.70x | 2.48x | 2.76x | 3.11x | 3.79x | 3.35x |
| Debt to equity | 0.21x | 0.14x | 0.14x | 0.09x | 0.07x | 0.09x |
| Equity ratio | 58.7% | 64.1% | 69.3% | 71.2% | 73.9% | 70.4% |
| Interest coverage | 105.72x | 59.33x | 68.93x | 139.82x | 99.74x | 173.40x |
| R&D as a share of sales | 10.5% | 10.7% | 9.5% | 9.8% | 11.4% | 10.5% |
| Buybacks as a share of market value | 3.6% | 0.6% | 0.1% | -0.2% | -20.4% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.6% | 12.3% | 7.3% |
| Operating income | 18.2% | 11.8% | 4.0% |
| Net income | 17.0% | 10.6% | 3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.0% | 30.9% | 32.1% | 34.4% |
| Operating margin | 15.3% | 15.4% | 15.5% | 17.1% |
| Net margin | 14.6% | 14.3% | 14.4% | 15.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | 11.7 | 9.4 | 16.6 | 22.4 | 11.7 | 9.7 | 13.1 | 17.1 | 12.4 |
| Price to sales | 1.4 | 1.7 | 1.3 | 2.4 | 3.0 | 1.8 | 1.6 | 2.2 | 2.8 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 4 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.578 | 0.855 | 0.601 | 0.525 | 0.547 | 0.492 | 0.511 | 0.551 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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