Z 
2.05
-3.30%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥83.43bn
FY2016FY2025
Net income
−CN¥9.50bn
FY2016FY2025
Free cash flow
CN¥12.70bn
FY2016FY2025
Shareholders' equity
CN¥9.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥83.43bn | CN¥59.99bn | CN¥72.14bn | CN¥60.45bn | CN¥51.24bn | CN¥51.01bn | CN¥33.15bn | CN¥23.70bn | CN¥19.95bn | CN¥13.30bn |
| Gross profit | CN¥7.30bn | CN¥7.03bn | CN¥11.49bn | CN¥11.42bn | CN¥13.22bn | CN¥12.31bn | CN¥9.82bn | CN¥6.46bn | CN¥5.59bn | CN¥4.31bn |
| Research and development | CN¥68.2m | CN¥79.0m | CN¥88.5m | CN¥109.4m | CN¥79.0m | CN¥37.2m | CN¥83.5m | — | — | — |
| Operating income | CN¥2.21bn | CN¥1.98bn | CN¥6.11bn | CN¥6.66bn | CN¥6.96bn | CN¥6.36bn | CN¥4.65bn | CN¥3.10bn | CN¥2.54bn | CN¥2.02bn |
| Net income | −CN¥9.50bn | CN¥951.3m | CN¥1.84bn | CN¥2.61bn | CN¥3.19bn | CN¥2.90bn | CN¥2.78bn | CN¥2.28bn | CN¥1.61bn | CN¥1.02bn |
| Diluted earnings per share | -3.46 | 0.37 | 0.66 | 1.14 | 1.30 | 1.08 | 1.00 | 1.08 | 0.76 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥355.84bn | CN¥420.30bn | CN¥451.70bn | CN¥402.69bn | CN¥355.06bn | CN¥321.84bn | CN¥234.11bn | CN¥182.21bn | CN¥139.68bn | CN¥113.80bn |
| Cash and short-term investments | — | CN¥33.23bn | CN¥46.34bn | CN¥52.88bn | CN¥50.03bn | CN¥43.85bn | CN¥26.29bn | CN¥19.14bn | CN¥11.19bn | CN¥15.85bn |
| Total liabilities | CN¥246.48bn | CN¥295.31bn | CN¥320.00bn | CN¥293.24bn | CN¥259.17bn | CN¥258.50bn | CN¥190.82bn | CN¥150.03bn | CN¥115.77bn | CN¥90.58bn |
| Debt | CN¥90.13bn | CN¥106.30bn | CN¥144.83bn | CN¥132.24bn | CN¥124.10bn | CN¥137.06bn | CN¥95.55bn | CN¥88.33bn | CN¥74.14bn | CN¥58.47bn |
| Shareholders' equity | CN¥9.45bn | CN¥19.74bn | CN¥22.18bn | CN¥19.74bn | CN¥20.82bn | CN¥20.95bn | CN¥19.76bn | CN¥14.87bn | CN¥11.88bn | CN¥12.99bn |
| Shares outstanding | 2,741m | 2,555m | 2,766m | 2,284m | 2,459m | 2,694m | 2,796m | 2,108m | 2,123m | 2,131m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥19.89bn | CN¥15.90bn | CN¥50.54bn | CN¥38.34bn | CN¥36.06bn | CN¥29.11bn | CN¥28.04bn | CN¥16.00bn | CN¥11.30bn | CN¥19.07bn |
| Capital spending | −CN¥7.19bn | −CN¥10.31bn | −CN¥52.38bn | −CN¥30.71bn | −CN¥29.92bn | −CN¥44.97bn | −CN¥23.93bn | −CN¥19.41bn | −CN¥20.98bn | −CN¥7.80bn |
| Free cash flow | CN¥12.70bn | CN¥5.59bn | −CN¥1.84bn | CN¥7.64bn | CN¥6.14bn | −CN¥15.86bn | CN¥4.11bn | −CN¥3.41bn | −CN¥9.68bn | CN¥11.27bn |
| Dividends paid | −CN¥7.19bn | −CN¥8.14bn | −CN¥9.39bn | −CN¥973.9m | −CN¥952.7m | −CN¥846.9m | −CN¥741.2m | −CN¥5.23bn | −CN¥4.64bn | −CN¥4.46bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.99bn | CN¥4.04bn | CN¥31.68bn | CN¥13.55bn | CN¥19.71bn | CN¥18.48bn | CN¥28.43bn | CN¥6.72bn |
| Gross profit | CN¥863.0m | CN¥152.2m | −CN¥81.3m | CN¥1.97bn | CN¥2.34bn | CN¥1.64bn | CN¥2.04bn | CN¥827.0m |
| Operating income | −CN¥4.7m | −CN¥402.4m | −CN¥1.97bn | CN¥854.4m | CN¥1.09bn | CN¥413.7m | −CN¥345.2m | CN¥40.9m |
| Net income | −CN¥2.71bn | −CN¥946.4m | −CN¥9.60bn | −CN¥69.6m | −CN¥18.6m | CN¥190.5m | −CN¥379.4m | CN¥66.1m |
| Diluted earnings per share | -0.99 | -0.35 | -3.50 | -0.03 | -0.01 | 0.07 | -0.15 | 0.03 |
| Cash from operations | — | — | — | CN¥8.02bn | CN¥5.39bn | CN¥4.11bn | CN¥12.21bn | CN¥3.02bn |
| Capital spending | −CN¥1.11bn | −CN¥1.10bn | −CN¥812.0m | −CN¥1.65bn | −CN¥2.32bn | −CN¥2.40bn | −CN¥766.0m | −CN¥862.0m |
| Free cash flow | — | — | — | CN¥6.37bn | CN¥3.07bn | CN¥1.71bn | CN¥11.45bn | CN¥2.16bn |
| Total assets | CN¥335.16bn | CN¥352.62bn | CN¥355.84bn | CN¥401.28bn | CN¥399.24bn | CN¥412.45bn | CN¥420.30bn | CN¥437.51bn |
| Cash and short-term investments | — | — | — | CN¥34.71bn | CN¥29.44bn | CN¥32.49bn | CN¥33.23bn | CN¥29.67bn |
| Debt | CN¥88.44bn | CN¥89.56bn | CN¥90.13bn | CN¥24.75bn | CN¥109.67bn | CN¥111.25bn | CN¥105.35bn | CN¥110.38bn |
| Shareholders' equity | CN¥5.90bn | CN¥8.58bn | CN¥9.45bn | CN¥18.98bn | CN¥19.32bn | CN¥20.23bn | CN¥19.74bn | CN¥20.96bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.7% | 11.7% | 15.9% | 18.9% | 25.8% | 24.1% |
| Operating margin | 2.6% | 3.3% | 8.5% | 11.0% | 13.6% | 12.5% |
| Net margin | -11.4% | 1.6% | 2.5% | 4.3% | 6.2% | 5.7% |
| Return on equity | -100.5% | 4.8% | 8.3% | 13.2% | 15.3% | 13.8% |
| Return on assets | -2.7% | 0.2% | 0.4% | 0.6% | 0.9% | 0.9% |
| Free cash flow yield | 338.3% | 351.2% | 1274.2% | 1035.4% | 919.1% | 941.6% |
| Revenue growth | 39.1% | -16.8% | 19.4% | 18.0% | 0.5% | 53.9% |
| Earnings growth | -1098.2% | -48.2% | -29.6% | -18.3% | 10.1% | 4.3% |
| Current ratio | 2.08x | 1.99x | 1.95x | 2.02x | 2.05x | 1.88x |
| Debt to equity | 9.54x | 5.34x | 4.69x | 5.38x | 5.91x | 6.54x |
| Equity ratio | 2.7% | 4.7% | 4.9% | 4.9% | 5.9% | 6.5% |
| Interest coverage | 1.08x | 1.52x | 4.63x | 5.77x | 4.87x | 4.62x |
| R&D as a share of sales | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% |
| Buybacks as a share of market value | -7.3% | 7.6% | -21.1% | 7.1% | 8.7% | 3.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.3% | 10.3% | 25.9% |
| Operating income | -30.8% | -19.1% | 8.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.0% | 13.5% | 16.6% | 19.2% |
| Operating margin | 2.9% | 6.1% | 8.0% | 9.1% |
| Net margin | -6.0% | -1.5% | 0.5% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.2 | 15.5 | 10.8 | 7.9 | 4.6 | 5.8 | 7.9 | 5.7 | 9.7 | 14.9 |
| Price to sales | 0.1 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.7 | 0.6 | 0.8 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 11 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.124 | 0.37 | 0.37 | 0.46 | 0.45 | 0.40 | 0.35 | 0.30 |
- 9-for-5 split · 8 Jun 2017
- 2-for-1 split · 27 Feb 2008
- 13-for-10 split · 28 Oct 2005
- 1-to-1 reverse split · 23 Aug 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.