P 
5.46
-2.50%
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¥308.26bn
FY2016FY2025
Net income
CN¥1.03bn
FY2016FY2025
Free cash flow
CN¥14.70bn
FY2016FY2025
Shareholders' equity
CN¥191.89bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥308.26bn | CN¥311.67bn | CN¥346.87bn | CN¥281.06bn | CN¥284.95bn | CN¥243.16bn | CN¥235.94bn | CN¥194.52bn | CN¥146.63bn | CN¥154.75bn |
| Research and development | CN¥36.8m | CN¥56.3m | CN¥85.9m | CN¥1.24bn | CN¥1.44bn | CN¥1.26bn | CN¥56.3m | CN¥40.9m | CN¥34.6m | CN¥34.6m |
| Operating income | CN¥13.47bn | CN¥19.63bn | CN¥28.63bn | CN¥38.38bn | CN¥53.12bn | CN¥55.91bn | CN¥52.92bn | CN¥37.87bn | CN¥28.21bn | CN¥25.01bn |
| Net income | CN¥1.03bn | CN¥5.00bn | CN¥12.07bn | CN¥18.32bn | CN¥27.39bn | CN¥28.95bn | CN¥27.96bn | CN¥18.90bn | CN¥15.63bn | CN¥12.42bn |
| Diluted earnings per share | 0.09 | 0.42 | 1.03 | 1.53 | 2.27 | 2.44 | 2.35 | 1.59 | 1.31 | 1.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.19trn | CN¥1.34trn | CN¥1.44trn | CN¥1.47trn | CN¥1.40trn | CN¥1.25trn | CN¥1.03trn | CN¥846.49bn | CN¥696.45bn | CN¥468.00bn |
| Cash and short-term investments | — | CN¥134.68bn | CN¥148.39bn | CN¥176.69bn | CN¥171.51bn | CN¥146.51bn | CN¥139.49bn | CN¥113.43bn | CN¥67.80bn | CN¥46.98bn |
| Total liabilities | CN¥858.66bn | CN¥992.58bn | CN¥1.10trn | CN¥1.15trn | CN¥1.10trn | CN¥984.74bn | CN¥803.69bn | CN¥660.00bn | CN¥538.21bn | CN¥349.89bn |
| Debt | — | CN¥438.32bn | CN¥461.15bn | CN¥494.27bn | CN¥477.47bn | CN¥430.09bn | CN¥360.50bn | CN¥311.22bn | CN¥261.91bn | CN¥153.33bn |
| Shareholders' equity | CN¥191.89bn | CN¥197.60bn | CN¥198.54bn | CN¥196.26bn | CN¥195.56bn | CN¥180.23bn | CN¥156.02bn | CN¥121.92bn | CN¥106.98bn | CN¥89.25bn |
| Shares outstanding | 11,865m | 12,050m | 11,744m | 11,970m | 12,051m | 11,846m | 11,897m | 11,885m | 11,903m | 11,943m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥15.19bn | CN¥6.26bn | CN¥13.93bn | CN¥7.42bn | CN¥10.55bn | CN¥15.15bn | CN¥39.16bn | CN¥11.89bn | −CN¥29.30bn | CN¥34.05bn |
| Capital spending | −CN¥487.5m | −CN¥179.5m | −CN¥179.3m | −CN¥186.2m | −CN¥271.6m | −CN¥397.5m | −CN¥279.1m | −CN¥603.8m | −CN¥494.5m | −CN¥104.6m |
| Free cash flow | CN¥14.70bn | CN¥6.08bn | CN¥13.75bn | CN¥7.24bn | CN¥10.28bn | CN¥14.75bn | CN¥38.88bn | CN¥11.29bn | −CN¥29.79bn | CN¥33.95bn |
| Dividends paid | −CN¥13.30bn | −CN¥19.03bn | −CN¥20.80bn | −CN¥25.18bn | −CN¥8.74bn | −CN¥9.78bn | −CN¥5.95bn | −CN¥18.73bn | −CN¥12.93bn | −CN¥9.78bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥57.13bn | CN¥45.73bn | CN¥134.54bn | CN¥56.86bn | CN¥62.58bn | CN¥54.27bn | CN¥128.89bn | CN¥43.53bn |
| Operating income | CN¥3.81bn | CN¥3.29bn | −CN¥164.0m | −CN¥99.4m | CN¥5.22bn | CN¥5.51bn | −CN¥1.17bn | CN¥3.34bn |
| Net income | CN¥1.04bn | CN¥915.7m | −CN¥5.49bn | −CN¥782.2m | CN¥760.0m | CN¥1.95bn | −CN¥2.81bn | CN¥392.7m |
| Diluted earnings per share | 0.09 | 0.08 | -0.46 | -0.07 | 0.06 | 0.16 | -0.23 | 0.03 |
| Cash from operations | — | — | — | −CN¥8.98bn | CN¥14.36bn | CN¥1.67bn | CN¥22.24bn | CN¥1.17bn |
| Capital spending | −CN¥128.0m | −CN¥47.0m | −CN¥380.0m | −CN¥21.0m | −CN¥61.0m | −CN¥23.0m | −CN¥2.98bn | −CN¥3.11bn |
| Free cash flow | — | — | — | −CN¥9.00bn | CN¥14.30bn | CN¥1.64bn | CN¥19.26bn | −CN¥1.94bn |
| Total assets | CN¥1.17trn | CN¥1.18trn | CN¥1.19trn | CN¥1.29trn | CN¥1.31trn | CN¥1.33trn | CN¥1.34trn | CN¥1.37trn |
| Cash and short-term investments | — | — | — | CN¥123.30bn | CN¥139.22bn | CN¥148.59bn | CN¥134.68bn | CN¥127.81bn |
| Debt | CN¥262.81bn | CN¥263.26bn | CN¥270.54bn | CN¥74.64bn | CN¥275.90bn | CN¥285.40bn | CN¥269.03bn | CN¥295.77bn |
| Shareholders' equity | CN¥194.57bn | CN¥194.05bn | CN¥191.89bn | CN¥192.92bn | CN¥198.26bn | CN¥199.57bn | CN¥197.60bn | CN¥200.75bn |
Financial ratios
Data as of 12 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.4% | 6.3% | 8.3% | 13.7% | 18.6% | 23.0% |
| Net margin | 0.3% | 1.6% | 3.5% | 6.5% | 9.6% | 11.9% |
| Return on equity | 0.5% | 2.5% | 6.1% | 9.3% | 14.0% | 16.1% |
| Return on assets | 0.1% | 0.4% | 0.8% | 1.2% | 2.0% | 2.3% |
| Free cash flow yield | 26.1% | 10.6% | 23.7% | 12.6% | 17.7% | 25.9% |
| Revenue growth | -1.1% | -10.1% | 23.4% | -1.4% | 17.2% | 3.1% |
| Earnings growth | -79.5% | -58.6% | -34.1% | -33.1% | -5.4% | 3.5% |
| Current ratio | 1.73x | 1.62x | 1.56x | 1.54x | 1.52x | 1.51x |
| Debt to equity | 1.41x | 1.36x | 1.78x | 1.94x | 1.73x | 1.65x |
| Equity ratio | 16.1% | 14.8% | 13.8% | 13.3% | 14.0% | 14.4% |
| Interest coverage | 2.90x | 3.14x | 4.05x | 6.33x | 9.01x | 9.10x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.4% | 0.5% | 0.5% |
| Buybacks as a share of market value | 1.5% | -2.6% | 1.9% | 0.7% | -1.7% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.1% | 4.9% | 9.6% |
| Operating income | -29.5% | -24.8% | -5.1% |
| Net income | -61.7% | -48.7% | -22.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.3% | 8.0% | 11.8% | 14.3% |
| Net margin | 1.0% | 2.9% | 5.2% | 6.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 70.7 | 21.4 | 9.6 | 9.9 | 6.9 | 6.5 | 6.9 | 7.4 | 10.8 | 8.8 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.6 | 0.7 | 0.8 | 0.8 | 0.7 | 1.1 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 30 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.035 | 0.17 | 0.41 | 0.45 | 0.58 | 0.73 | 0.82 | 0.50 |
- 3-for-2 split · 22 May 2014
- 6-for-5 split · 18 Jun 2012
- 13-for-10 split · 17 May 2011
- 13-for-10 split · 27 Apr 2010
- 13-for-10 split · 30 Apr 2009
- 2-for-1 split · 11 Mar 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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