C 
0.94
-1.57%
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¥440.59bn
FY2016FY2025
Net income
CN¥5.69bn
FY2016FY2025
Free cash flow
−CN¥28.58bn
FY2016FY2025
Shareholders' equity
CN¥111.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥440.59bn | CN¥436.71bn | CN¥406.03bn | CN¥423.43bn | CN¥372.49bn | CN¥312.41bn | CN¥285.78bn | CN¥258.91bn | CN¥270.85bn | CN¥256.75bn |
| Gross profit | CN¥51.59bn | CN¥53.90bn | CN¥51.31bn | CN¥52.58bn | CN¥49.01bn | CN¥42.44bn | CN¥37.37bn | CN¥34.40bn | CN¥31.93bn | CN¥29.25bn |
| Research and development | CN¥14.20bn | CN¥13.98bn | CN¥12.98bn | CN¥12.07bn | CN¥10.16bn | CN¥7.84bn | CN¥6.37bn | CN¥4.63bn | CN¥4.04bn | CN¥3.28bn |
| Operating income | CN¥17.77bn | CN¥19.37bn | CN¥14.05bn | CN¥15.89bn | CN¥21.16bn | CN¥14.47bn | CN¥19.04bn | CN¥18.07bn | CN¥17.06bn | CN¥14.74bn |
| Net income | CN¥5.69bn | CN¥8.40bn | CN¥7.99bn | CN¥9.04bn | CN¥7.52bn | CN¥5.40bn | CN¥11.09bn | CN¥6.11bn | CN¥6.42bn | CN¥5.30bn |
| Diluted earnings per share | 0.14 | 0.20 | 0.19 | 0.26 | 0.21 | 0.27 | 0.37 | 0.21 | 0.22 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥942.22bn | CN¥1.00trn | CN¥905.06bn | CN¥767.76bn | CN¥611.18bn | CN¥550.15bn | CN¥487.31bn | CN¥450.00bn | CN¥397.42bn | CN¥338.21bn |
| Cash and short-term investments | CN¥94.42bn | CN¥105.84bn | CN¥89.81bn | CN¥90.59bn | CN¥71.06bn | CN¥61.89bn | CN¥53.91bn | CN¥58.01bn | CN¥56.01bn | CN¥56.84bn |
| Total liabilities | CN¥740.18bn | CN¥766.40bn | CN¥687.50bn | CN¥574.21bn | CN¥438.14bn | CN¥390.75bn | CN¥356.38bn | CN¥340.02bn | CN¥305.13bn | CN¥252.71bn |
| Debt | CN¥352.73bn | CN¥305.70bn | CN¥262.68bn | CN¥215.59bn | CN¥144.34bn | CN¥130.84bn | CN¥107.19bn | CN¥111.99bn | CN¥96.89bn | CN¥78.36bn |
| Shareholders' equity | CN¥111.53bn | CN¥134.07bn | CN¥127.66bn | CN¥117.75bn | CN¥108.86bn | CN¥114.87bn | CN¥94.82bn | CN¥80.93bn | CN¥66.07bn | CN¥62.98bn |
| Shares outstanding | 41,691m | 41,601m | 43,128m | 34,280m | 36,112m | 20,028m | 30,020m | 29,772m | 29,791m | 30,020m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥12.03bn | CN¥12.74bn | CN¥10.96bn | CN¥9.17bn | CN¥10.22bn | CN¥7.50bn | CN¥12.67bn | CN¥5.85bn | CN¥6.51bn | CN¥5.39bn |
| Capital spending | −CN¥40.60bn | −CN¥52.60bn | −CN¥35.98bn | −CN¥23.09bn | −CN¥16.23bn | −CN¥17.29bn | −CN¥16.60bn | −CN¥18.67bn | −CN¥13.10bn | −CN¥8.53bn |
| Free cash flow | −CN¥28.58bn | −CN¥39.86bn | −CN¥25.01bn | −CN¥13.92bn | −CN¥6.01bn | −CN¥9.79bn | −CN¥3.93bn | −CN¥12.82bn | −CN¥6.59bn | −CN¥3.14bn |
| Dividends paid | −CN¥1.06bn | −CN¥13.24bn | −CN¥9.90bn | −CN¥9.29bn | −CN¥8.43bn | −CN¥8.60bn | −CN¥1.06bn | −CN¥1.06bn | −CN¥1.03bn | −CN¥144.3m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥101.10bn | CN¥127.48bn | CN¥111.01bn | CN¥111.72bn | CN¥100.37bn | CN¥141.57bn | CN¥100.88bn | CN¥111.93bn |
| Gross profit | CN¥10.92bn | CN¥19.13bn | CN¥10.99bn | CN¥12.70bn | CN¥11.22bn | CN¥19.85bn | CN¥10.63bn | CN¥15.02bn |
| Operating income | CN¥4.54bn | CN¥5.90bn | CN¥3.13bn | CN¥3.09bn | CN¥3.32bn | CN¥6.48bn | CN¥2.25bn | CN¥5.64bn |
| Net income | CN¥1.44bn | CN¥2.64bn | CN¥354.2m | CN¥1.19bn | CN¥1.61bn | CN¥4.79bn | CN¥822.4m | CN¥1.50bn |
| Diluted earnings per share | 0.03 | 0.06 | 0.01 | 0.03 | 0.04 | 0.12 | 0.02 | 0.04 |
| Cash from operations | −CN¥23.45bn | CN¥20.71bn | CN¥4.30bn | CN¥1.11bn | −CN¥14.51bn | CN¥23.55bn | CN¥2.00bn | CN¥1.94bn |
| Capital spending | −CN¥8.31bn | −CN¥9.40bn | −CN¥11.09bn | −CN¥11.88bn | −CN¥9.55bn | −CN¥13.07bn | −CN¥7.99bn | −CN¥9.56bn |
| Free cash flow | −CN¥31.77bn | CN¥11.31bn | −CN¥6.79bn | −CN¥10.77bn | −CN¥24.06bn | CN¥10.47bn | −CN¥6.00bn | −CN¥7.62bn |
| Total assets | CN¥952.91bn | CN¥942.22bn | CN¥945.65bn | CN¥1.08trn | CN¥904.58bn | CN¥869.00bn | CN¥858.13bn | CN¥849.23bn |
| Cash and short-term investments | CN¥84.57bn | CN¥94.42bn | CN¥82.68bn | CN¥102.48bn | CN¥87.92bn | CN¥91.58bn | CN¥73.80bn | CN¥73.73bn |
| Debt | CN¥104.38bn | CN¥352.73bn | CN¥345.81bn | CN¥385.78bn | CN¥306.09bn | CN¥283.21bn | CN¥281.77bn | CN¥277.44bn |
| Shareholders' equity | CN¥118.97bn | CN¥111.53bn | CN¥109.70bn | CN¥136.36bn | CN¥117.59bn | CN¥116.01bn | CN¥113.36bn | CN¥113.07bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.7% | 12.3% | 12.6% | 12.4% | 13.2% | 13.6% |
| Operating margin | 4.0% | 4.4% | 3.5% | 3.8% | 5.7% | 4.6% |
| Net margin | 1.3% | 1.9% | 2.0% | 2.1% | 2.0% | 1.7% |
| Return on equity | 5.1% | 7.2% | 7.2% | 7.7% | 6.9% | 4.7% |
| Return on assets | 0.6% | 1.0% | 1.0% | 1.2% | 1.2% | 1.0% |
| Free cash flow yield | 123.2% | 132.6% | 91.9% | 79.5% | 61.8% | 104.5% |
| Revenue growth | 0.9% | 7.6% | 10.8% | 13.7% | 19.2% | 9.3% |
| Earnings growth | -32.2% | 5.1% | 2.1% | 20.3% | 39.3% | -51.4% |
| Current ratio | 0.99x | 1.02x | 1.02x | 1.11x | 1.15x | 1.14x |
| Debt to equity | 3.14x | 2.48x | 2.19x | 1.87x | 1.31x | 734.48x |
| Equity ratio | 11.8% | 13.3% | 14.1% | 15.3% | 17.8% | 20.9% |
| Interest coverage | 2.36x | 2.86x | 2.38x | 2.45x | 5.44x | 3.79x |
| R&D as a share of sales | 3.2% | 3.2% | 3.2% | 2.8% | 2.7% | 2.5% |
| Buybacks as a share of market value | -0.2% | 3.5% | -25.8% | 5.1% | -80.3% | 33.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.3% | 7.1% | 6.4% |
| Operating income | 3.8% | 4.2% | 3.6% |
| Net income | -14.3% | 1.1% | 1.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.0% | 12.3% | 12.6% | 12.4% |
| Operating margin | 4.2% | 3.9% | 4.3% | 5.0% |
| Net margin | 1.6% | 1.8% | 1.8% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.9 | 4.8 | 3.8 | 3.1 | 5.2 | 2.3 | 2.3 | 4.2 | 5.4 | 7.0 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 3 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.036 | 0.029 | 0.042 | 0.029 | 0.026 | 0.027 | 0.034 | 0.035 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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