A 
28.60
-0.59%
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¥29.06bn
FY2016FY2025
Net income
CN¥651.9m
FY2016FY2025
Free cash flow
−CN¥11.52bn
FY2016FY2025
Shareholders' equity
CN¥17.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥29.06bn | CN¥29.77bn | CN¥26.59bn | CN¥19.47bn | CN¥21.79bn | CN¥19.65bn | CN¥15.80bn | CN¥13.07bn | CN¥12.05bn | CN¥12.52bn |
| Gross profit | CN¥2.52bn | CN¥3.04bn | CN¥3.37bn | CN¥1.96bn | CN¥2.65bn | CN¥2.20bn | CN¥2.12bn | CN¥1.76bn | CN¥1.79bn | CN¥1.67bn |
| Research and development | CN¥821.7m | CN¥1.21bn | CN¥1.48bn | CN¥513.1m | CN¥576.4m | CN¥529.9m | CN¥476.9m | CN¥306.2m | CN¥409.0m | CN¥255.7m |
| Operating income | CN¥511.9m | CN¥488.5m | CN¥378.4m | CN¥340.7m | CN¥1.02bn | CN¥841.8m | CN¥674.0m | CN¥591.0m | CN¥539.5m | CN¥516.7m |
| Net income | CN¥651.9m | CN¥555.9m | CN¥604.1m | CN¥387.9m | CN¥913.2m | CN¥757.7m | CN¥588.2m | CN¥510.3m | CN¥455.4m | CN¥439.2m |
| Diluted earnings per share | 0.80 | 0.82 | 1.02 | 0.66 | 1.55 | 1.29 | 1.00 | 0.87 | 0.77 | 0.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥51.54bn | CN¥52.23bn | CN¥27.80bn | CN¥27.69bn | CN¥27.03bn | CN¥26.31bn | CN¥26.33bn | CN¥24.04bn | CN¥22.50bn | CN¥19.83bn |
| Cash and short-term investments | CN¥5.78bn | CN¥15.93bn | CN¥3.27bn | CN¥2.12bn | CN¥3.52bn | CN¥3.02bn | CN¥4.34bn | CN¥4.22bn | CN¥3.54bn | CN¥2.61bn |
| Total liabilities | CN¥32.31bn | CN¥35.84bn | CN¥17.58bn | CN¥17.64bn | CN¥17.10bn | CN¥17.14bn | CN¥17.86bn | CN¥16.02bn | CN¥14.98bn | CN¥12.75bn |
| Debt | CN¥7.79bn | CN¥3.22bn | CN¥2.09bn | CN¥1.43bn | CN¥588.9m | CN¥583.0m | CN¥572.7m | CN¥437.6m | CN¥472.4m | CN¥540.7m |
| Shareholders' equity | CN¥17.58bn | CN¥16.23bn | CN¥10.01bn | CN¥9.75bn | CN¥9.63bn | CN¥8.87bn | CN¥8.17bn | CN¥7.72bn | CN¥7.22bn | CN¥6.86bn |
| Shares outstanding | 820m | 678m | 589m | 589m | 590m | 589m | 590m | 590m | 589m | 590m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥10.73bn | CN¥2.57bn | CN¥716.6m | −CN¥1.69bn | CN¥1.45bn | −CN¥684.8m | CN¥770.1m | CN¥954.7m | CN¥613.6m | −CN¥298.4m |
| Capital spending | −CN¥784.6m | −CN¥664.5m | −CN¥927.4m | −CN¥138.3m | −CN¥133.7m | −CN¥160.8m | −CN¥94.1m | −CN¥111.6m | −CN¥119.4m | −CN¥189.5m |
| Free cash flow | −CN¥11.52bn | CN¥1.90bn | −CN¥210.8m | −CN¥1.82bn | CN¥1.32bn | −CN¥845.6m | CN¥676.0m | CN¥843.1m | CN¥494.2m | −CN¥487.9m |
| Dividends paid | −CN¥167.3m | −CN¥241.8m | −CN¥165.9m | −CN¥274.1m | −CN¥228.7m | −CN¥176.8m | −CN¥153.3m | −CN¥162.3m | −CN¥172.6m | −CN¥173.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.63bn | CN¥2.37bn | CN¥14.04bn | CN¥4.81bn | CN¥7.86bn | CN¥2.38bn | CN¥12.47bn | CN¥9.13bn |
| Gross profit | CN¥636.2m | CN¥218.8m | CN¥1.52bn | CN¥522.0m | CN¥389.9m | CN¥248.2m | CN¥1.55bn | CN¥419.4m |
| Operating income | CN¥137.2m | −CN¥49.2m | CN¥383.5m | CN¥53.2m | CN¥65.6m | CN¥180.2m | CN¥108.5m | CN¥104.8m |
| Net income | CN¥149.7m | CN¥37.9m | CN¥279.1m | CN¥90.4m | CN¥80.3m | CN¥202.0m | CN¥198.6m | CN¥59.8m |
| Diluted earnings per share | 0.18 | 0.05 | 0.34 | 0.11 | 0.10 | 0.25 | 0.29 | 0.09 |
| Cash from operations | — | — | — | −CN¥1.60bn | −CN¥6.20bn | −CN¥1.20bn | — | CN¥51.0m |
| Capital spending | −CN¥118.0m | −CN¥144.0m | −CN¥405.0m | −CN¥48.0m | −CN¥182.0m | −CN¥148.0m | −CN¥275.0m | −CN¥86.0m |
| Free cash flow | — | — | — | −CN¥1.65bn | −CN¥6.38bn | −CN¥1.35bn | — | −CN¥35.0m |
| Total assets | CN¥51.36bn | CN¥51.14bn | CN¥51.54bn | CN¥52.98bn | CN¥48.45bn | CN¥48.93bn | CN¥52.23bn | CN¥52.70bn |
| Cash and short-term investments | — | — | — | CN¥8.54bn | CN¥10.44bn | CN¥14.57bn | CN¥15.93bn | CN¥6.19bn |
| Debt | CN¥1.09bn | CN¥2.16bn | CN¥1.57bn | CN¥5.08bn | CN¥4.81bn | CN¥2.36bn | CN¥3.06bn | CN¥7.45bn |
| Shareholders' equity | CN¥17.57bn | CN¥17.62bn | CN¥17.58bn | CN¥17.25bn | CN¥17.15bn | CN¥17.15bn | CN¥16.23bn | CN¥16.07bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.7% | 10.2% | 12.7% | 10.1% | 12.2% | 11.2% |
| Operating margin | 1.8% | 1.6% | 1.4% | 1.7% | 4.7% | 4.3% |
| Net margin | 2.2% | 1.9% | 2.3% | 2.0% | 4.2% | 3.9% |
| Return on equity | 3.7% | 3.4% | 6.0% | 4.0% | 9.5% | 8.5% |
| Return on assets | 1.3% | 1.1% | 2.2% | 1.4% | 3.4% | 2.9% |
| Free cash flow yield | -44.4% | 17.4% | 10.2% | -9.6% | 9.8% | -3.3% |
| Revenue growth | -2.4% | 11.9% | 36.6% | -10.6% | 10.9% | 24.4% |
| Earnings growth | 17.3% | -8.0% | 55.7% | -57.5% | 20.5% | 28.8% |
| Current ratio | 1.47x | 1.39x | 1.57x | 1.45x | 1.47x | 1.43x |
| Debt to equity | 0.43x | 0.19x | 0.18x | 0.12x | 0.04x | 0.07x |
| Equity ratio | 34.1% | 31.1% | 36.0% | 35.2% | 35.6% | 33.7% |
| Interest coverage | 4.85x | 3.88x | 5.93x | 7.03x | 27.37x | 34.13x |
| R&D as a share of sales | 2.8% | 4.1% | 5.6% | 2.6% | 2.6% | 2.7% |
| Buybacks as a share of market value | -21.0% | -15.0% | 0.0% | 0.1% | -0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.3% | 8.1% | 8.8% |
| Operating income | 14.5% | -9.5% | 0.1% |
| Net income | 18.9% | -3.0% | 4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.4% | 10.4% | 10.7% | 11.7% |
| Operating margin | 1.7% | 1.6% | 2.4% | 3.0% |
| Net margin | 2.1% | 2.1% | 2.6% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 45.5 | 47.0 | 37.6 | 70.5 | 51.9 | 48.8 | 47.8 | 43.2 | 60.2 | 65.0 |
| Price to sales | 1.0 | 0.9 | 0.8 | 1.4 | 2.2 | 1.9 | 1.8 | 1.7 | 2.3 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.239 | 0.204 | 0.20 | 0.197 | 0.465 | 0.388 | 0.30 | 0.26 |
- 1-to-1 reverse split · 24 Aug 2006
- 13-for-10 split · 14 Jul 2004
- 8-for-5 split · 16 May 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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