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8.65
-1.14%
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¥671.27bn
FY2016FY2025
Net income
−CN¥10.81bn
FY2016FY2025
Free cash flow
CN¥8.42bn
FY2016FY2025
Shareholders' equity
CN¥61.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥671.27bn | CN¥701.30bn | CN¥763.68bn | CN¥832.83bn | CN¥707.84bn | CN¥432.95bn | CN¥337.24bn | CN¥280.38bn | CN¥218.60bn | CN¥145.59bn |
| Gross profit | CN¥37.35bn | CN¥35.08bn | CN¥29.97bn | CN¥26.56bn | CN¥23.89bn | CN¥21.56bn | CN¥21.61bn | CN¥22.10bn | CN¥13.70bn | CN¥11.61bn |
| Research and development | CN¥413.6m | CN¥285.4m | CN¥236.5m | CN¥190.6m | CN¥73.7m | CN¥10.0m | CN¥13.3m | CN¥9.5m | CN¥834,456 | CN¥834,456 |
| Operating income | CN¥20.62bn | CN¥15.97bn | CN¥12.79bn | CN¥16.89bn | CN¥13.86bn | CN¥13.45bn | CN¥12.21bn | CN¥12.41bn | CN¥6.63bn | CN¥5.67bn |
| Net income | −CN¥10.81bn | CN¥2.95bn | CN¥13.10bn | CN¥6.28bn | CN¥6.14bn | CN¥4.50bn | CN¥4.76bn | CN¥4.67bn | CN¥3.33bn | CN¥2.86bn |
| Diluted earnings per share | -3.73 | 1.02 | 4.59 | 2.21 | 2.06 | 1.59 | 1.59 | 1.67 | 1.20 | 1.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥733.12bn | CN¥767.87bn | CN¥820.85bn | CN¥664.75bn | CN¥602.46bn | CN¥387.16bn | CN¥295.40bn | CN¥217.45bn | CN¥175.30bn | CN¥126.42bn |
| Cash and short-term investments | — | CN¥97.10bn | CN¥101.18bn | CN¥98.45bn | CN¥90.97bn | CN¥54.17bn | CN¥36.02bn | CN¥23.79bn | CN¥16.58bn | CN¥11.09bn |
| Total liabilities | CN¥548.76bn | CN¥539.71bn | CN¥596.21bn | CN¥499.41bn | CN¥465.54bn | CN¥301.10bn | CN¥229.29bn | CN¥163.04bn | CN¥131.56bn | CN¥93.80bn |
| Debt | CN¥122.97bn | CN¥122.68bn | CN¥118.99bn | CN¥118.71bn | CN¥115.48bn | CN¥87.78bn | CN¥76.05bn | CN¥53.40bn | CN¥56.28bn | CN¥35.22bn |
| Shareholders' equity | CN¥61.40bn | CN¥71.99bn | CN¥69.51bn | CN¥58.48bn | CN¥50.84bn | CN¥38.39bn | CN¥30.89bn | CN¥27.56bn | CN¥23.62bn | CN¥21.52bn |
| Shares outstanding | 2,900m | 2,900m | 2,853m | 2,844m | 2,987m | 2,839m | 2,989m | 2,797m | 2,784m | 2,832m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥11.59bn | CN¥11.21bn | CN¥29.39bn | CN¥15.49bn | CN¥408.9m | CN¥9.72bn | CN¥11.22bn | CN¥4.78bn | −CN¥18.59bn | −CN¥4.84bn |
| Capital spending | −CN¥3.17bn | −CN¥2.05bn | −CN¥2.73bn | −CN¥1.80bn | −CN¥740.5m | −CN¥616.1m | −CN¥725.8m | −CN¥524.1m | −CN¥567.6m | −CN¥544.0m |
| Free cash flow | CN¥8.42bn | CN¥9.16bn | CN¥26.66bn | CN¥13.69bn | −CN¥331.6m | CN¥9.10bn | CN¥10.49bn | CN¥4.26bn | −CN¥19.16bn | −CN¥5.38bn |
| Dividends paid | −CN¥10.56bn | −CN¥10.87bn | −CN¥10.90bn | −CN¥1.80bn | −CN¥1.43bn | −CN¥1.42bn | −CN¥1.42bn | −CN¥4.54bn | −CN¥4.96bn | −CN¥1.82bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥163.64bn | CN¥140.14bn | CN¥172.29bn | CN¥183.66bn | CN¥171.55bn | CN¥143.77bn | CN¥199.16bn | CN¥183.12bn |
| Gross profit | CN¥6.90bn | CN¥5.93bn | CN¥17.48bn | CN¥6.58bn | CN¥7.60bn | CN¥4.76bn | CN¥13.14bn | CN¥8.18bn |
| Operating income | CN¥3.03bn | CN¥2.84bn | CN¥11.07bn | CN¥2.00bn | CN¥1.14bn | CN¥1.29bn | CN¥8.36bn | CN¥4.29bn |
| Net income | CN¥287.7m | CN¥701.2m | −CN¥11.96bn | CN¥307.9m | CN¥256.7m | CN¥584.0m | CN¥887.6m | CN¥859.4m |
| Diluted earnings per share | 0.10 | 0.24 | -4.13 | 0.11 | 0.09 | 0.20 | 0.31 | 0.30 |
| Cash from operations | — | — | — | −CN¥11.08bn | CN¥23.60bn | −CN¥5.69bn | CN¥26.70bn | CN¥8.05bn |
| Capital spending | −CN¥995.0m | −CN¥543.0m | −CN¥1.31bn | −CN¥733.0m | −CN¥707.0m | −CN¥414.0m | −CN¥471.0m | −CN¥608.0m |
| Free cash flow | — | — | — | −CN¥11.81bn | CN¥22.89bn | −CN¥6.10bn | CN¥26.22bn | CN¥7.44bn |
| Total assets | CN¥846.01bn | CN¥822.66bn | CN¥733.12bn | CN¥887.32bn | CN¥889.19bn | CN¥856.61bn | CN¥767.87bn | CN¥876.01bn |
| Cash and short-term investments | — | — | — | CN¥106.13bn | CN¥118.91bn | CN¥117.35bn | CN¥97.10bn | CN¥93.30bn |
| Debt | CN¥123.50bn | CN¥125.10bn | CN¥122.97bn | CN¥127.48bn | CN¥147.95bn | CN¥153.91bn | CN¥120.41bn | CN¥140.53bn |
| Shareholders' equity | CN¥58.76bn | CN¥61.33bn | CN¥61.40bn | CN¥55.69bn | CN¥71.33bn | CN¥70.70bn | CN¥71.99bn | CN¥70.03bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.6% | 5.0% | 3.9% | 3.2% | 3.4% | 5.0% |
| Operating margin | 3.1% | 2.3% | 1.7% | 2.0% | 2.0% | 3.1% |
| Net margin | -1.6% | 0.4% | 1.7% | 0.8% | 0.9% | 1.0% |
| Return on equity | -17.6% | 4.1% | 18.9% | 10.7% | 12.1% | 11.7% |
| Return on assets | -1.5% | 0.4% | 1.6% | 0.9% | 1.0% | 1.2% |
| Free cash flow yield | 60.4% | 54.3% | 133.6% | 72.1% | 4.6% | 43.2% |
| Revenue growth | -4.3% | -8.2% | -8.3% | 17.7% | 63.5% | 28.4% |
| Earnings growth | -467.1% | -77.5% | 108.8% | 2.2% | 36.3% | -5.4% |
| Current ratio | 1.42x | 1.45x | 1.38x | 1.53x | 1.55x | 1.64x |
| Debt to equity | 2.00x | 1.67x | 1.66x | -1.31x | -0.89x | 1.91x |
| Equity ratio | 8.4% | 9.4% | 8.5% | 8.8% | 8.4% | 9.9% |
| Interest coverage | 3.69x | 2.27x | 3.24x | 5.81x | 5.21x | 6.08x |
| 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% | -1.6% | -0.3% | 4.8% | -5.2% | 5.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.9% | 9.2% | 18.0% |
| Operating income | 6.9% | 8.9% | 15.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.3% | 4.3% | 4.2% | 4.9% |
| Operating margin | 2.7% | 2.2% | 2.3% | 2.6% |
| Net margin | -0.6% | 0.4% | 0.5% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | 10.3 | 2.1 | 6.2 | 4.4 | 5.2 | 5.7 | 4.2 | 9.3 | 10.6 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 11 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.70 | 0.70 | 0.80 | 0.60 | 0.50 | 0.50 | 0.50 |
- 9-for-5 split · 16 Jul 2010
- 9-for-5 split · 4 Aug 2008
- 1-to-1 reverse split · 10 Apr 2006
- 8-for-5 split · 24 Jun 2004
- 13-for-10 split · 26 May 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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