Z 
5.84
-2.18%
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¥6.65bn
FY2016FY2025
Net income
CN¥83.6m
FY2016FY2025
Free cash flow
CN¥124.8m
FY2016FY2025
Shareholders' equity
CN¥1.99bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.65bn | CN¥5.56bn | CN¥6.76bn | CN¥5.25bn | CN¥3.76bn | CN¥3.66bn | CN¥5.14bn | CN¥3.45bn | CN¥3.87bn | CN¥4.41bn |
| Gross profit | CN¥498.5m | CN¥385.8m | CN¥545.7m | CN¥522.1m | CN¥346.3m | CN¥254.4m | CN¥278.7m | CN¥239.8m | CN¥189.3m | CN¥311.3m |
| Research and development | CN¥92.4m | CN¥91.5m | CN¥92.6m | CN¥70.1m | CN¥35.7m | CN¥34.5m | CN¥34.3m | CN¥37.2m | CN¥29.7m | CN¥65.8m |
| Operating income | CN¥192.3m | CN¥100.6m | CN¥227.1m | CN¥204.0m | CN¥94.0m | CN¥56.8m | CN¥52.6m | CN¥12.6m | −CN¥386.1m | −CN¥60.9m |
| Net income | CN¥83.6m | CN¥46.9m | CN¥127.0m | CN¥230.1m | CN¥36.3m | CN¥27.1m | CN¥18.2m | CN¥31.7m | −CN¥285.2m | CN¥44.7m |
| Diluted earnings per share | 0.08 | 0.03 | 0.13 | 0.21 | 0.03 | 0.02 | 0.02 | 0.03 | -0.26 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.40bn | CN¥5.28bn | CN¥4.83bn | CN¥4.00bn | CN¥3.36bn | CN¥3.32bn | CN¥3.09bn | CN¥3.12bn | CN¥3.54bn | CN¥4.12bn |
| Cash and short-term investments | — | CN¥1.35bn | CN¥1.60bn | CN¥852.7m | CN¥747.3m | CN¥904.9m | CN¥427.9m | CN¥442.1m | CN¥457.2m | CN¥914.1m |
| Total liabilities | CN¥2.34bn | CN¥2.35bn | CN¥1.96bn | CN¥1.42bn | CN¥1.12bn | CN¥1.16bn | CN¥972.8m | CN¥1.02bn | CN¥1.42bn | CN¥1.56bn |
| Debt | CN¥89.3m | CN¥325.2m | CN¥332.0m | CN¥225.2m | CN¥445.5m | CN¥328.5m | CN¥194.7m | CN¥235.4m | CN¥376.2m | CN¥320.1m |
| Shareholders' equity | CN¥1.99bn | CN¥1.91bn | CN¥1.86bn | CN¥1.74bn | CN¥1.50bn | CN¥1.47bn | CN¥1.44bn | CN¥1.42bn | CN¥1.39bn | CN¥1.71bn |
| Shares outstanding | 998m | 1,444m | 987m | 1,084m | 1,061m | 1,092m | 1,071m | 1,007m | 1,083m | 1,076m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥302.1m | −CN¥76.6m | CN¥605.6m | CN¥22.8m | CN¥23.7m | CN¥151.7m | CN¥40.2m | CN¥31.8m | CN¥7.0m | CN¥71.3m |
| Capital spending | −CN¥177.3m | −CN¥110.0m | −CN¥91.5m | −CN¥69.1m | −CN¥75.1m | −CN¥32.8m | −CN¥48.7m | −CN¥67.1m | −CN¥127.3m | −CN¥107.0m |
| Free cash flow | CN¥124.8m | −CN¥186.5m | CN¥514.1m | −CN¥46.3m | −CN¥51.3m | CN¥118.8m | −CN¥8.5m | −CN¥35.2m | −CN¥120.3m | −CN¥35.8m |
| Dividends paid | −CN¥12.3m | −CN¥12.7m | −CN¥20.1m | −CN¥20.2m | −CN¥25.6m | −CN¥13.1m | −CN¥26.3m | −CN¥28.6m | −CN¥49.7m | −CN¥44.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.22bn | CN¥1.65bn | CN¥2.98bn | CN¥761.2m | CN¥1.35bn | CN¥1.57bn | CN¥2.54bn | CN¥1.05bn |
| Gross profit | CN¥131.4m | CN¥79.8m | CN¥213.1m | CN¥81.6m | CN¥93.8m | CN¥110.1m | CN¥139.6m | CN¥75.7m |
| Operating income | CN¥56.1m | CN¥31.8m | CN¥89.9m | CN¥9.8m | CN¥23.2m | CN¥77.5m | CN¥17.9m | CN¥6.1m |
| Net income | CN¥33.6m | CN¥19.0m | CN¥21.6m | −CN¥1.1m | CN¥11.4m | CN¥51.6m | −CN¥8.5m | CN¥136,472 |
| Diluted earnings per share | 0.03 | 0.02 | 0.02 | -0.00 | 0.01 | 0.05 | -0.01 | 0.00 |
| Cash from operations | — | — | — | −CN¥73.0m | −CN¥73.0m | −CN¥26.0m | CN¥171.0m | CN¥133.0m |
| Capital spending | −CN¥23.0m | −CN¥47.0m | −CN¥60.0m | −CN¥29.0m | −CN¥45.0m | −CN¥41.0m | −CN¥35.0m | −CN¥19.0m |
| Free cash flow | — | — | — | −CN¥102.0m | −CN¥118.0m | −CN¥67.0m | CN¥136.0m | CN¥114.0m |
| Total assets | CN¥5.60bn | CN¥5.73bn | CN¥5.40bn | CN¥5.09bn | CN¥4.99bn | CN¥5.15bn | CN¥5.28bn | CN¥5.22bn |
| Cash and short-term investments | — | — | — | CN¥1.16bn | CN¥1.29bn | CN¥1.31bn | CN¥1.35bn | CN¥1.38bn |
| Debt | CN¥97.2m | CN¥89.3m | CN¥89.3m | CN¥434.2m | CN¥530.9m | CN¥346.2m | CN¥296.1m | CN¥386.8m |
| Shareholders' equity | CN¥2.44bn | CN¥2.42bn | CN¥1.99bn | CN¥1.97bn | CN¥1.97bn | CN¥1.96bn | CN¥1.91bn | CN¥1.92bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.5% | 6.9% | 8.1% | 9.9% | 9.2% | 6.9% |
| Operating margin | 2.9% | 2.5% | 3.6% | 7.6% | 3.0% | 1.9% |
| Net margin | 1.3% | 0.8% | 1.9% | 4.4% | 1.0% | 0.7% |
| Return on equity | 4.2% | 2.5% | 6.8% | 13.2% | 2.4% | 1.8% |
| Return on assets | 1.5% | 0.9% | 2.6% | 5.7% | 1.1% | 0.8% |
| Free cash flow yield | 7.0% | 0.3% | 10.3% | 1.2% | 1.4% | 2.5% |
| Revenue growth | 19.6% | -17.7% | 28.8% | 39.4% | 2.8% | -28.7% |
| Earnings growth | 78.3% | -63.1% | -44.8% | 533.6% | 34.0% | 49.0% |
| Current ratio | 2.15x | 2.08x | 2.38x | 2.26x | 2.32x | 2.19x |
| Debt to equity | 0.04x | 0.16x | 0.15x | 0.10x | 0.16x | 0.20x |
| Equity ratio | 36.9% | 36.1% | 38.6% | 43.4% | 44.7% | 44.2% |
| Interest coverage | 9.82x | 5.92x | 11.90x | 17.75x | 5.01x | 3.35x |
| R&D as a share of sales | 1.4% | 1.6% | 1.4% | 1.3% | 0.9% | 0.9% |
| Buybacks as a share of market value | 30.9% | -46.4% | 9.0% | -2.2% | 2.8% | -1.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.2% | 12.7% | 5.8% |
| Operating income | -2.0% | 27.6% | 24.0% |
| Net income | -28.6% | 25.3% | -0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.2% | 8.1% | 8.1% | 7.4% |
| Operating margin | 2.4% | 3.0% | 2.8% | 1.0% |
| Net margin | 1.1% | 2.0% | 1.7% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 76.9 | 207.9 | 57.9 | 48.2 | 154.3 | 237.7 | 166.0 | 69.9 | -12.1 | 159.0 |
| Price to sales | 1.0 | 1.8 | 1.1 | 2.1 | 1.5 | 1.8 | 0.6 | 0.6 | 0.9 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jul 2017.
| FY2017 | FY2016 | FY2015 | FY2002 | |
|---|---|---|---|---|
| Paid in the year | 0.03 | 0.024 | 0.04 | 0.004 |
- 5-for-2 split · 16 Jun 2016
- 1.206-for-1 split · 24 Dec 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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