H 
5.16
0.00%
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¥126.01bn
FY2016FY2025
Net income
CN¥6.07bn
FY2016FY2025
Free cash flow
CN¥12.85bn
FY2016FY2025
Shareholders' equity
CN¥48.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥126.01bn | CN¥112.99bn | CN¥117.18bn | CN¥107.06bn | CN¥104.61bn | CN¥90.74bn | CN¥93.65bn | CN¥89.31bn | CN¥78.46bn | CN¥62.84bn |
| Research and development | CN¥111.6m | CN¥16.1m | — | — | CN¥2.8m | — | — | — | CN¥13.5m | CN¥14.8m |
| Operating income | CN¥10.21bn | CN¥7.74bn | CN¥5.74bn | −CN¥1.34bn | −CN¥8.57bn | CN¥11.20bn | CN¥10.53bn | CN¥3.62bn | CN¥4.38bn | CN¥9.88bn |
| Net income | CN¥6.07bn | CN¥5.70bn | CN¥4.52bn | CN¥99.8m | −CN¥4.98bn | CN¥4.18bn | CN¥3.41bn | CN¥1.73bn | CN¥435.9m | CN¥3.13bn |
| Diluted earnings per share | 0.59 | 0.56 | 0.44 | 0.01 | -0.32 | 0.35 | 0.28 | 0.18 | 0.05 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥264.23bn | CN¥223.88bn | CN¥223.04bn | CN¥223.26bn | CN¥218.86bn | CN¥234.61bn | CN¥229.88bn | CN¥225.03bn | CN¥216.28bn | CN¥210.11bn |
| Cash and short-term investments | CN¥6.98bn | CN¥5.85bn | CN¥5.46bn | CN¥6.28bn | CN¥6.09bn | CN¥6.68bn | CN¥6.59bn | CN¥6.68bn | CN¥7.48bn | CN¥6.46bn |
| Total liabilities | CN¥181.97bn | CN¥137.80bn | CN¥139.66bn | CN¥152.81bn | CN¥145.29bn | CN¥141.65bn | CN¥150.82bn | CN¥158.43bn | CN¥160.86bn | CN¥153.68bn |
| Debt | — | CN¥115.91bn | CN¥117.59bn | CN¥125.14bn | CN¥118.73bn | CN¥108.59bn | CN¥118.80bn | CN¥122.59bn | CN¥124.17bn | CN¥121.10bn |
| Shareholders' equity | CN¥48.16bn | CN¥67.33bn | CN¥39.10bn | CN¥59.51bn | CN¥61.83bn | CN¥72.09bn | CN¥61.51bn | CN¥52.03bn | CN¥41.76bn | CN¥42.62bn |
| Shares outstanding | 10,228m | 10,228m | 10,228m | 9,870m | 15,417m | 12,098m | 12,315m | 9,805m | 8,512m | 9,845m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥27.91bn | CN¥16.34bn | CN¥13.25bn | CN¥9.65bn | −CN¥6.35bn | CN¥25.25bn | CN¥21.38bn | CN¥17.81bn | CN¥12.79bn | CN¥22.13bn |
| Capital spending | −CN¥15.06bn | −CN¥9.07bn | −CN¥10.49bn | −CN¥10.42bn | −CN¥13.30bn | −CN¥18.65bn | −CN¥15.09bn | −CN¥17.24bn | −CN¥14.10bn | −CN¥16.91bn |
| Free cash flow | CN¥12.85bn | CN¥7.27bn | CN¥2.76bn | −CN¥768.6m | −CN¥19.65bn | CN¥6.59bn | CN¥6.29bn | CN¥561.0m | −CN¥1.31bn | CN¥5.22bn |
| Dividends paid | −CN¥2.46bn | −CN¥6.75bn | −CN¥6.64bn | −CN¥2.47bn | −CN¥2.47bn | −CN¥1.44bn | −CN¥651.0m | −CN¥6.45bn | −CN¥6.99bn | −CN¥8.26bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥23.79bn | CN¥30.47bn | CN¥30.14bn | CN¥35.92bn | CN¥33.38bn | CN¥26.58bn | CN¥28.18bn | CN¥31.63bn |
| Operating income | CN¥1.89bn | CN¥3.12bn | CN¥635.2m | CN¥4.24bn | CN¥2.74bn | CN¥2.25bn | CN¥1.53bn | CN¥2.78bn |
| Net income | CN¥1.32bn | CN¥1.79bn | −CN¥366.9m | CN¥2.53bn | CN¥1.97bn | CN¥1.93bn | CN¥546.2m | CN¥1.93bn |
| Diluted earnings per share | 0.13 | 0.17 | -0.04 | 0.25 | 0.19 | 0.19 | 0.05 | 0.19 |
| Cash from operations | — | — | CN¥4.38bn | CN¥7.51bn | CN¥6.48bn | CN¥9.07bn | CN¥4.58bn | CN¥5.29bn |
| Capital spending | −CN¥1.55bn | −CN¥2.67bn | −CN¥5.92bn | −CN¥3.37bn | −CN¥3.73bn | −CN¥2.03bn | −CN¥3.80bn | −CN¥1.86bn |
| Free cash flow | — | — | −CN¥1.54bn | CN¥4.14bn | CN¥2.75bn | CN¥7.04bn | CN¥782.0m | CN¥3.44bn |
| Total assets | CN¥261.27bn | CN¥259.86bn | CN¥264.23bn | CN¥260.51bn | CN¥260.00bn | CN¥219.95bn | CN¥223.88bn | CN¥221.83bn |
| Cash and short-term investments | — | — | CN¥6.98bn | CN¥6.72bn | CN¥6.84bn | CN¥7.46bn | CN¥5.85bn | CN¥6.01bn |
| Debt | CN¥66.77bn | CN¥71.19bn | CN¥139.44bn | CN¥61.25bn | CN¥110.37bn | CN¥111.25bn | CN¥95.64bn | CN¥115.57bn |
| Shareholders' equity | CN¥70.76bn | CN¥71.00bn | CN¥48.16bn | CN¥69.68bn | CN¥64.67bn | CN¥66.32bn | CN¥67.33bn | CN¥70.72bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 8.1% | 6.8% | 4.9% | -1.2% | -8.2% | 12.3% | — | — | — |
| Net margin | 4.8% | 5.0% | 3.9% | 0.1% | -4.8% | 4.6% | — | — | — |
| Return on equity | 12.6% | 8.5% | 11.6% | 0.2% | -8.1% | 5.8% | — | — | — |
| Return on assets | 2.3% | 2.5% | 2.0% | 0.0% | -2.3% | 1.8% | — | — | — |
| Free cash flow yield | 85.9% | 50.8% | 47.5% | 41.6% | 9.2% | 74.2% | — | — | — |
| Revenue growth | 11.5% | -3.6% | 9.5% | 2.3% | 15.3% | -3.1% | — | — | — |
| Earnings growth | 6.4% | 26.1% | 4430.7% | -102.0% | -219.2% | 22.7% | — | — | — |
| Current ratio | 0.38x | 0.45x | 0.45x | 0.46x | 0.45x | 0.42x | — | — | — |
| Debt to equity | 2.90x | 1.42x | 3.01x | 2.21x | 1.95x | 1.52x | — | — | — |
| Equity ratio | 18.2% | 30.1% | 17.5% | 26.7% | 28.3% | 30.7% | — | — | — |
| Interest coverage | 3.20x | 2.36x | 1.58x | -0.32x | -1.94x | 2.38x | — | — | — |
| R&D as a share of sales | 0.1% | 0.0% | — | — | 0.0% | — | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | -3.6% | 36.0% | -27.4% | 1.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 6.8% | 6.6% |
| Operating income | — | -1.8% | -5.5% |
| Net income | 293.3% | 7.8% | -1.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.5% | 4.8% | 3.8% | 6.8% |
| Net margin | 4.9% | 3.5% | 2.4% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.4 | 10.1 | 11.6 | — | -16.6 | 9.8 | 13.3 | 27.0 | 72.5 | 15.6 |
| Price to sales | 0.4 | 0.5 | 0.5 | 0.5 | 0.8 | 0.5 | 0.5 | 0.5 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 12 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.23 | 0.20 | 0.25 | 0.25 | 0.146 | 0.066 | 0.018 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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