H 
2.30
+0.44%
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¥7.11bn
FY2016FY2025
Net income
CN¥116.3m
FY2016FY2025
Free cash flow
−CN¥570.8m
FY2016FY2025
Shareholders' equity
CN¥4.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.11bn | CN¥7.95bn | CN¥10.82bn | CN¥9.94bn | CN¥9.58bn | CN¥8.14bn | CN¥6.63bn | CN¥6.18bn | CN¥4.63bn | CN¥4.34bn |
| Gross profit | CN¥1.13bn | CN¥1.26bn | CN¥1.73bn | CN¥1.52bn | CN¥1.32bn | CN¥1.44bn | CN¥1.18bn | CN¥1.34bn | CN¥1.53bn | CN¥1.26bn |
| Research and development | CN¥420.4m | CN¥416.4m | CN¥560.0m | CN¥487.8m | CN¥383.4m | CN¥315.4m | CN¥252.4m | CN¥193.7m | CN¥186.5m | CN¥202.3m |
| Operating income | CN¥296.2m | CN¥179.0m | CN¥339.4m | CN¥229.9m | CN¥626.1m | CN¥905.5m | CN¥550.0m | CN¥732.1m | CN¥922.1m | CN¥586.9m |
| Net income | CN¥116.3m | CN¥168.9m | CN¥293.6m | CN¥267.9m | CN¥411.6m | CN¥723.9m | CN¥468.9m | CN¥568.0m | CN¥768.0m | CN¥448.8m |
| Diluted earnings per share | 0.05 | 0.07 | 0.13 | 0.15 | 0.19 | 0.34 | 0.22 | 0.26 | 0.35 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.61bn | CN¥16.54bn | CN¥16.42bn | CN¥13.93bn | CN¥11.75bn | CN¥8.96bn | CN¥8.78bn | CN¥7.91bn | CN¥6.95bn | CN¥6.28bn |
| Cash and short-term investments | — | CN¥447.2m | CN¥767.2m | CN¥774.3m | CN¥552.9m | CN¥594.8m | CN¥731.0m | CN¥790.2m | CN¥545.8m | CN¥693.5m |
| Total liabilities | CN¥9.33bn | CN¥11.11bn | CN¥10.86bn | CN¥8.48bn | CN¥7.12bn | CN¥4.72bn | CN¥5.11bn | CN¥4.51bn | CN¥3.93bn | CN¥3.99bn |
| Debt | CN¥824.9m | CN¥5.32bn | CN¥5.08bn | CN¥3.57bn | CN¥2.68bn | CN¥1.25bn | CN¥1.18bn | CN¥1.15bn | CN¥712.1m | CN¥969.8m |
| Shareholders' equity | CN¥4.97bn | CN¥5.08bn | CN¥5.18bn | CN¥5.07bn | CN¥4.30bn | CN¥4.05bn | CN¥3.49bn | CN¥3.24bn | CN¥2.90bn | CN¥2.17bn |
| Shares outstanding | 2,359m | 2,439m | 2,305m | 1,820m | 2,156m | 2,148m | 2,139m | 2,152m | 2,176m | 2,088m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥373.7m | −CN¥765.4m | −CN¥561.2m | −CN¥835.2m | −CN¥903.8m | −CN¥14.3m | CN¥141.9m | CN¥651.9m | CN¥919.5m | CN¥1.26bn |
| Capital spending | −CN¥197.1m | −CN¥589.5m | −CN¥1.33bn | −CN¥600.7m | −CN¥560.5m | −CN¥262.1m | −CN¥112.5m | −CN¥285.3m | −CN¥246.1m | −CN¥47.0m |
| Free cash flow | −CN¥570.8m | −CN¥1.35bn | −CN¥1.89bn | −CN¥1.44bn | −CN¥1.46bn | −CN¥276.4m | CN¥29.4m | CN¥366.6m | CN¥673.4m | CN¥1.21bn |
| Dividends paid | −CN¥294.9m | −CN¥374.1m | −CN¥238.2m | −CN¥141.6m | −CN¥226.1m | −CN¥215.4m | −CN¥179.2m | −CN¥281.7m | −CN¥125.1m | −CN¥136.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.66bn | CN¥1.31bn | CN¥1.34bn | CN¥1.01bn | CN¥3.13bn | CN¥1.63bn | CN¥1.97bn | CN¥1.12bn |
| Gross profit | CN¥253.5m | CN¥200.1m | CN¥284.7m | CN¥278.9m | CN¥316.7m | CN¥249.9m | CN¥245.3m | CN¥304.8m |
| Operating income | CN¥117.7m | CN¥15.7m | CN¥79.6m | CN¥8.7m | CN¥107.2m | CN¥51.8m | CN¥36.8m | CN¥38.5m |
| Net income | CN¥59.8m | CN¥21.9m | −CN¥32.5m | CN¥21.2m | CN¥78.3m | CN¥49.3m | −CN¥36.3m | CN¥45.4m |
| Diluted earnings per share | 0.03 | 0.01 | -0.01 | 0.01 | 0.03 | 0.02 | -0.01 | 0.02 |
| Cash from operations | — | — | — | CN¥135.0m | −CN¥563.0m | −CN¥97.0m | −CN¥165.0m | −CN¥165.0m |
| Capital spending | −CN¥16.0m | −CN¥17.0m | −CN¥80.0m | −CN¥22.0m | −CN¥28.0m | −CN¥66.0m | −CN¥312.0m | −CN¥100.0m |
| Free cash flow | — | — | — | CN¥113.0m | −CN¥591.0m | −CN¥163.0m | −CN¥477.0m | −CN¥265.0m |
| Total assets | CN¥14.05bn | CN¥13.47bn | CN¥14.61bn | CN¥15.49bn | CN¥15.82bn | CN¥15.84bn | CN¥16.54bn | CN¥16.03bn |
| Cash and short-term investments | — | — | — | CN¥572.5m | CN¥454.5m | CN¥552.6m | CN¥447.2m | CN¥540.0m |
| Debt | CN¥989.6m | CN¥959.8m | CN¥824.9m | CN¥4.49bn | CN¥5.16bn | CN¥4.83bn | CN¥5.31bn | CN¥4.95bn |
| Shareholders' equity | CN¥5.00bn | CN¥4.99bn | CN¥4.97bn | CN¥5.08bn | CN¥5.12bn | CN¥5.12bn | CN¥5.08bn | CN¥5.21bn |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.9% | 15.8% | 16.0% | 15.3% | 13.8% | 17.7% |
| Operating margin | 4.1% | 4.7% | 4.7% | 3.5% | 6.6% | 11.8% |
| Net margin | 1.6% | 2.1% | 2.7% | 2.7% | 4.3% | 8.9% |
| Return on equity | 2.3% | 3.3% | 5.7% | 5.3% | 9.6% | 17.9% |
| Return on assets | 0.8% | 1.0% | 1.8% | 1.9% | 3.5% | 8.1% |
| Free cash flow yield | -3.1% | -3.0% | 13.7% | -5.3% | -6.6% | 4.7% |
| Revenue growth | -10.6% | -26.6% | 8.9% | 3.7% | 17.7% | 22.7% |
| Earnings growth | -31.2% | -42.5% | 9.6% | -34.9% | -43.1% | 54.4% |
| Current ratio | 1.09x | 1.13x | 1.20x | 1.25x | 1.24x | 1.33x |
| Debt to equity | 0.17x | 1.05x | 0.98x | 0.70x | 0.62x | 0.31x |
| Equity ratio | 34.0% | 30.7% | 31.6% | 36.4% | 36.6% | 45.2% |
| Interest coverage | 1.83x | 1.92x | 2.95x | 2.91x | 6.72x | 17.55x |
| R&D as a share of sales | 5.9% | 5.2% | 5.2% | 4.9% | 4.0% | 3.9% |
| Buybacks as a share of market value | 3.3% | -5.8% | -26.7% | 15.6% | -0.4% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.6% | -2.7% | 6.5% |
| Operating income | 8.8% | -20.0% | 6.0% |
| Net income | -24.3% | -30.6% | -0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.9% | 15.7% | 15.7% | 18.5% |
| Operating margin | 3.2% | 2.9% | 4.8% | 7.0% |
| Net margin | 1.9% | 2.4% | 3.7% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 60.3 | 37.1 | 25.8 | 27.5 | 21.6 | 11.1 | 12.9 | 11.4 | 19.4 | 23.0 |
| Price to sales | 1.0 | 0.8 | 0.7 | 0.7 | 0.9 | 1.0 | 0.9 | 1.0 | 3.2 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 16 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.016 | 0.061 | 0.085 | 0.035 | 0.06 | 0.105 | 0.10 | 0.083 |
- 6-for-5 split · 11 Jun 2019
- 13-for-10 split · 23 May 2018
- 13-for-10 split · 13 Jun 2016
- 13-for-10 split · 4 Jun 2015
- 6-for-5 split · 6 Jul 2011
- 6-for-5 split · 14 Jul 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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