B 
2.42
-0.82%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥61.25bn
FY2016FY2025
Net income
CN¥1.36bn
FY2016FY2025
Free cash flow
CN¥1.04bn
FY2016FY2025
Shareholders' equity
CN¥15.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥61.25bn | CN¥47.70bn | CN¥56.10bn | CN¥46.45bn | CN¥54.97bn | CN¥57.77bn | CN¥46.97bn | CN¥41.05bn | CN¥51.71bn | CN¥46.53bn |
| Gross profit | CN¥6.11bn | CN¥5.87bn | CN¥5.89bn | CN¥5.14bn | CN¥5.41bn | CN¥6.82bn | CN¥6.50bn | CN¥5.34bn | CN¥6.64bn | CN¥6.20bn |
| Research and development | CN¥1.78bn | CN¥1.90bn | CN¥2.08bn | CN¥1.59bn | CN¥1.72bn | CN¥1.83bn | CN¥1.72bn | CN¥1.52bn | CN¥864.8m | CN¥2.55bn |
| Operating income | CN¥956.8m | CN¥631.2m | CN¥905.0m | CN¥97.6m | −CN¥649.9m | CN¥411.8m | −CN¥1.02bn | −CN¥3.77bn | CN¥5.7m | −CN¥809.3m |
| Net income | CN¥1.36bn | CN¥80.5m | CN¥909.5m | CN¥66.8m | −CN¥5.06bn | CN¥154.6m | CN¥191.5m | −CN¥3.57bn | CN¥111.9m | CN¥566.8m |
| Diluted earnings per share | 0.17 | 0.01 | 0.11 | 0.01 | -0.78 | 0.02 | 0.02 | -0.54 | 0.02 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥53.46bn | CN¥51.85bn | CN¥44.89bn | CN¥48.51bn | CN¥48.83bn | CN¥52.75bn | CN¥53.17bn | CN¥58.91bn | CN¥62.42bn | CN¥53.91bn |
| Cash and short-term investments | — | CN¥8.84bn | CN¥5.06bn | CN¥8.74bn | CN¥6.66bn | CN¥5.86bn | CN¥3.21bn | CN¥4.64bn | CN¥3.22bn | CN¥4.08bn |
| Total liabilities | CN¥37.25bn | CN¥37.33bn | CN¥30.48bn | CN¥34.78bn | CN¥38.35bn | CN¥37.31bn | CN¥37.96bn | CN¥43.69bn | CN¥43.38bn | CN¥34.85bn |
| Debt | CN¥2.21bn | CN¥3.28bn | CN¥1.31bn | CN¥4.92bn | CN¥7.93bn | CN¥7.83bn | CN¥14.17bn | CN¥16.94bn | CN¥16.21bn | CN¥7.81bn |
| Shareholders' equity | CN¥15.62bn | CN¥14.32bn | CN¥14.23bn | CN¥13.59bn | CN¥10.47bn | CN¥15.47bn | CN¥15.23bn | CN¥15.18bn | CN¥18.96bn | CN¥18.91bn |
| Shares outstanding | 7,917m | 7,917m | 7,917m | 7,975m | 6,465m | 6,397m | 8,069m | 6,664m | 6,117m | 6,559m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.89bn | CN¥1.31bn | CN¥806.5m | CN¥869.9m | CN¥764.4m | CN¥8.68bn | CN¥4.84bn | −CN¥467.6m | −CN¥2.62bn | CN¥1.19bn |
| Capital spending | −CN¥856.4m | −CN¥1.51bn | −CN¥1.39bn | −CN¥1.59bn | −CN¥2.01bn | −CN¥1.76bn | −CN¥2.45bn | −CN¥2.57bn | −CN¥2.81bn | −CN¥6.95bn |
| Free cash flow | CN¥1.04bn | −CN¥203.5m | −CN¥580.1m | −CN¥716.5m | −CN¥1.25bn | CN¥6.92bn | CN¥2.38bn | −CN¥3.04bn | −CN¥5.43bn | −CN¥5.76bn |
| Dividends paid | −CN¥107.6m | −CN¥160.0m | −CN¥115.5m | −CN¥202.7m | −CN¥248.2m | −CN¥484.3m | −CN¥751.4m | −CN¥928.8m | −CN¥567.7m | −CN¥444.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.89bn | CN¥15.78bn | CN¥15.80bn | CN¥15.08bn | CN¥15.57bn | CN¥14.80bn | CN¥11.94bn | CN¥11.79bn |
| Gross profit | CN¥1.93bn | CN¥1.72bn | CN¥1.49bn | CN¥1.49bn | CN¥1.47bn | CN¥1.61bn | CN¥1.37bn | CN¥1.54bn |
| Operating income | CN¥376.5m | CN¥388.7m | CN¥302.4m | −CN¥434,661 | CN¥355.4m | CN¥422.1m | −CN¥409.5m | CN¥186,966 |
| Net income | CN¥403.9m | CN¥501.4m | CN¥251.2m | CN¥335.8m | CN¥341.2m | CN¥435.7m | −CN¥351.6m | CN¥18.0m |
| Diluted earnings per share | 0.05 | 0.06 | 0.03 | 0.04 | 0.04 | 0.06 | -0.04 | 0.00 |
| Cash from operations | — | — | — | −CN¥160.0m | CN¥124.0m | CN¥1.77bn | CN¥2.36bn | −CN¥932.0m |
| Capital spending | −CN¥212.0m | −CN¥281.0m | −CN¥211.0m | −CN¥296.0m | −CN¥128.0m | −CN¥219.0m | −CN¥733.0m | −CN¥256.0m |
| Free cash flow | — | — | — | −CN¥456.0m | −CN¥4.0m | CN¥1.55bn | CN¥1.63bn | −CN¥1.19bn |
| Total assets | CN¥62.55bn | CN¥59.31bn | CN¥53.46bn | CN¥58.09bn | CN¥58.75bn | CN¥58.25bn | CN¥51.85bn | CN¥53.68bn |
| Cash and short-term investments | — | — | — | CN¥10.60bn | CN¥11.26bn | CN¥10.95bn | CN¥8.84bn | CN¥8.60bn |
| Debt | CN¥772.1m | CN¥1.22bn | CN¥2.21bn | CN¥13.90bn | CN¥3.66bn | CN¥17.46bn | CN¥3.10bn | CN¥5.42bn |
| Shareholders' equity | CN¥15.84bn | CN¥16.09bn | CN¥15.62bn | CN¥15.36bn | CN¥15.08bn | CN¥14.72bn | CN¥14.32bn | CN¥14.63bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.0% | 12.3% | 10.5% | 11.1% | 9.8% | 11.8% |
| Operating margin | 1.6% | 1.3% | 1.6% | 0.2% | -1.2% | 0.7% |
| Net margin | 2.2% | 0.2% | 1.6% | 0.1% | -9.2% | 0.3% |
| Return on equity | 8.7% | 0.6% | 6.4% | 0.5% | -48.3% | 1.0% |
| Return on assets | 2.6% | 0.2% | 2.0% | 0.1% | -10.4% | 0.3% |
| Free cash flow yield | 12.6% | 12.9% | 10.0% | 11.2% | 15.6% | 59.1% |
| Revenue growth | 28.4% | -15.0% | 20.8% | -15.5% | -4.8% | 23.0% |
| Earnings growth | 1593.3% | -91.1% | 1262.3% | -101.3% | -3372.7% | -19.3% |
| Current ratio | 0.77x | 0.78x | 0.69x | 0.78x | 0.64x | 0.70x |
| Debt to equity | 0.14x | 0.22x | 0.08x | 0.31x | 0.46x | 0.48x |
| Equity ratio | 29.2% | 27.6% | 31.7% | 28.0% | 21.4% | 29.3% |
| Interest coverage | 6.42x | 3.66x | 9.17x | 0.57x | -2.68x | 0.99x |
| R&D as a share of sales | 2.9% | 4.0% | 3.7% | 3.4% | 3.1% | 3.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.7% | -23.4% | -1.1% | 20.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.7% | 1.2% | 6.1% |
| Operating income | 114.0% | 18.4% | — |
| Net income | 173.4% | 54.6% | 12.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.0% | 10.9% | 10.9% | 11.8% |
| Operating margin | 1.5% | 1.2% | 0.7% | -0.8% |
| Net margin | 1.3% | 1.1% | -0.8% | -0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.9 | 246.7 | 23.8 | 335.7 | -4.4 | 130.3 | 88.0 | -3.4 | 153.0 | 35.8 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.026 | 0.019 | 0.022 | 0.049 | 0.08 | 0.06 | 0.07 |
- 2-for-1 split · 16 May 2011
- 3-for-2 split · 29 Jun 2006
- 1.185-for-1 split · 31 May 2006
- 3-for-2 split · 21 Oct 2003
- 13-for-10 split · 25 Oct 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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