C 
5.80
+1.75%
Close of 6 Nov 2026, in CNY
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.55trn
FY2016FY2025
Net income
CN¥31.81bn
FY2016FY2025
Free cash flow
CN¥42.05bn
FY2016FY2025
Shareholders' equity
CN¥830.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.55trn | CN¥3.07trn | CN¥3.21trn | CN¥3.32trn | CN¥2.74trn | CN¥2.10trn | CN¥2.96trn | CN¥2.89trn | CN¥2.36trn | CN¥1.93trn |
| Research and development | CN¥15.86bn | CN¥15.21bn | CN¥13.97bn | CN¥12.77bn | CN¥11.48bn | CN¥10.34bn | CN¥9.45bn | CN¥7.96bn | CN¥6.42bn | CN¥5.94bn |
| Operating income | CN¥43.56bn | CN¥70.69bn | CN¥86.83bn | CN¥75.83bn | CN¥94.63bn | CN¥13.19bn | CN¥86.37bn | CN¥82.26bn | CN¥71.47bn | CN¥77.19bn |
| Net income | CN¥31.81bn | CN¥48.94bn | CN¥58.31bn | CN¥66.93bn | CN¥71.97bn | CN¥33.10bn | CN¥57.49bn | CN¥61.62bn | CN¥51.24bn | CN¥46.67bn |
| Diluted earnings per share | 0.26 | 0.40 | 0.49 | 0.56 | 0.59 | 0.27 | 0.47 | 0.51 | 0.42 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.22trn | CN¥2.08trn | CN¥2.02trn | CN¥1.95trn | CN¥1.89trn | CN¥1.74trn | CN¥1.76trn | CN¥1.59trn | CN¥1.60trn | CN¥1.50trn |
| Cash and short-term investments | CN¥152.32bn | CN¥148.20bn | CN¥165.76bn | CN¥148.56bn | CN¥227.93bn | CN¥196.79bn | CN¥140.03bn | CN¥192.75bn | CN¥216.20bn | CN¥142.50bn |
| Total liabilities | CN¥1.23trn | CN¥1.11trn | CN¥1.07trn | CN¥1.01trn | CN¥974.18bn | CN¥851.19bn | CN¥882.98bn | CN¥735.77bn | CN¥742.61bn | CN¥667.37bn |
| Debt | CN¥597.46bn | CN¥475.69bn | CN¥440.23bn | CN¥356.70bn | CN¥315.52bn | CN¥299.88bn | CN¥335.52bn | CN¥154.65bn | CN¥179.77bn | CN¥192.26bn |
| Shareholders' equity | CN¥830.32bn | CN¥815.82bn | CN¥802.99bn | CN¥787.60bn | CN¥774.18bn | CN¥746.33bn | CN¥738.95bn | CN¥717.28bn | CN¥726.12bn | CN¥710.99bn |
| Shares outstanding | 121,187m | 121,737m | 119,642m | 119,896m | 121,071m | 121,120m | 121,414m | 120,878m | 121,071m | 121,286m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥175.68bn | CN¥149.36bn | CN¥161.47bn | CN¥116.27bn | CN¥225.17bn | CN¥167.52bn | CN¥153.42bn | CN¥175.87bn | CN¥190.94bn | CN¥214.54bn |
| Capital spending | −CN¥133.63bn | −CN¥139.21bn | −CN¥171.49bn | −CN¥153.74bn | −CN¥144.92bn | −CN¥117.87bn | −CN¥129.65bn | −CN¥94.75bn | −CN¥63.54bn | −CN¥65.47bn |
| Free cash flow | CN¥42.05bn | CN¥10.15bn | −CN¥10.02bn | −CN¥37.48bn | CN¥80.25bn | CN¥49.64bn | CN¥23.77bn | CN¥81.11bn | CN¥127.39bn | CN¥149.08bn |
| Dividends paid | −CN¥16.97bn | −CN¥42.11bn | −CN¥40.76bn | −CN¥37.53bn | −CN¥15.74bn | −CN¥23.00bn | −CN¥31.48bn | −CN¥67.80bn | −CN¥32.69bn | −CN¥16.88bn |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥670.14bn | CN¥704.39bn | CN¥673.70bn | CN¥735.36bn | CN¥708.02bn | CN¥790.41bn | CN¥786.16bn | CN¥789.97bn |
| Operating income | CN¥5.68bn | CN¥13.27bn | CN¥12.53bn | CN¥20.89bn | CN¥7.09bn | CN¥12.57bn | CN¥23.70bn | CN¥27.32bn |
| Net income | CN¥1.82bn | CN¥8.31bn | CN¥9.78bn | CN¥13.97bn | CN¥3.83bn | CN¥8.03bn | CN¥18.36bn | CN¥18.72bn |
| Diluted earnings per share | 0.02 | 0.07 | 0.08 | 0.12 | 0.03 | 0.07 | 0.15 | 0.15 |
| Cash from operations | CN¥53.81bn | CN¥53.77bn | CN¥52.88bn | CN¥8.14bn | CN¥47.82bn | CN¥65.15bn | CN¥56.02bn | −CN¥13.76bn |
| Capital spending | −CN¥45.42bn | −CN¥35.59bn | −CN¥24.94bn | −CN¥27.66bn | −CN¥51.35bn | −CN¥29.72bn | −CN¥26.39bn | −CN¥31.75bn |
| Free cash flow | CN¥8.38bn | CN¥18.17bn | CN¥27.94bn | −CN¥19.53bn | −CN¥3.53bn | CN¥35.42bn | CN¥29.64bn | −CN¥45.50bn |
| Total assets | CN¥2.22trn | CN¥2.18trn | CN¥2.14trn | CN¥2.12trn | CN¥2.08trn | CN¥2.10trn | CN¥2.14trn | CN¥2.09trn |
| Cash and short-term investments | CN¥152.32bn | CN¥175.81bn | CN¥162.33bn | CN¥159.43bn | CN¥145.58bn | CN¥170.17bn | CN¥183.61bn | CN¥173.96bn |
| Debt | CN¥440.06bn | CN¥178.22bn | CN¥369.23bn | CN¥123.62bn | CN¥110.30bn | CN¥128.16bn | CN¥316.57bn | CN¥316.42bn |
| Shareholders' equity | CN¥830.32bn | CN¥828.09bn | CN¥824.57bn | CN¥830.72bn | CN¥815.82bn | CN¥819.10bn | CN¥825.92bn | CN¥831.19bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.4% | 3.9% | 2.4% |
| Operating income | -16.9% | 27.0% | -2.6% |
| Net income | -22.0% | -0.8% | -0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.0% | 2.3% | 2.3% | 2.6% |
| Net margin | 1.4% | 1.7% | 1.8% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.5 | 16.6 | 11.4 | 7.8 | 7.1 | 14.8 | 10.8 | 9.9 | 14.5 | 14.1 |
| Price to sales | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 17 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.112 | 0.228 | 0.346 | 0.34 | 0.47 | 0.29 | 0.26 | 0.38 |
- 1-to-1 reverse split · 10 Oct 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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