L 
32.46
-0.58%
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¥52.82bn
FY2016FY2025
Net income
CN¥1.75bn
FY2016FY2025
Free cash flow
CN¥5.79bn
FY2016FY2025
Shareholders' equity
CN¥15.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥52.82bn | CN¥56.79bn | CN¥71.44bn | CN¥63.01bn | CN¥58.69bn | CN¥51.72bn | CN¥49.63bn | CN¥43.78bn | CN¥39.81bn | CN¥34.96bn |
| Gross profit | CN¥3.03bn | CN¥5.05bn | CN¥5.92bn | CN¥4.77bn | CN¥4.55bn | CN¥4.22bn | CN¥4.19bn | CN¥3.60bn | CN¥3.31bn | CN¥3.12bn |
| Research and development | CN¥18.2m | CN¥30.8m | CN¥36.6m | CN¥31.3m | CN¥30.8m | CN¥20.0m | CN¥22.2m | CN¥20.3m | CN¥12.6m | CN¥36.9m |
| Operating income | CN¥3.03bn | CN¥3.42bn | CN¥4.24bn | CN¥3.37bn | CN¥3.49bn | CN¥2.80bn | CN¥2.82bn | CN¥2.41bn | CN¥2.17bn | CN¥2.01bn |
| Net income | CN¥1.75bn | CN¥1.95bn | CN¥2.21bn | CN¥1.70bn | CN¥1.88bn | CN¥1.59bn | CN¥1.41bn | CN¥1.20bn | CN¥1.14bn | CN¥1.06bn |
| Diluted earnings per share | 3.35 | 3.73 | 4.23 | 3.25 | 3.59 | 3.03 | 2.69 | 2.30 | 2.17 | 2.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥20.73bn | CN¥22.73bn | CN¥24.33bn | CN¥26.00bn | CN¥22.27bn | CN¥19.56bn | CN¥17.18bn | CN¥15.49bn | CN¥13.42bn | CN¥14.06bn |
| Cash and short-term investments | CN¥10.99bn | CN¥8.39bn | CN¥9.61bn | CN¥5.81bn | CN¥7.40bn | CN¥5.90bn | CN¥4.55bn | CN¥4.86bn | CN¥4.44bn | CN¥4.94bn |
| Total liabilities | −CN¥15.12bn | CN¥7.98bn | CN¥10.60bn | CN¥14.02bn | CN¥11.42bn | CN¥10.15bn | CN¥8.84bn | CN¥8.10bn | CN¥6.71bn | CN¥8.03bn |
| Debt | — | CN¥5.09bn | CN¥6.07bn | CN¥8.71bn | CN¥9.55bn | CN¥8.13bn | CN¥8.10bn | CN¥5.71bn | CN¥3.93bn | CN¥4.81bn |
| Shareholders' equity | CN¥15.12bn | CN¥12.50bn | CN¥11.57bn | CN¥10.13bn | CN¥9.19bn | CN¥7.96bn | CN¥7.02bn | CN¥6.19bn | CN¥5.61bn | CN¥5.06bn |
| Shares outstanding | 523m | 523m | 523m | 523m | 523m | 523m | 523m | 523m | 523m | 523m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.96bn | CN¥2.95bn | CN¥7.21bn | CN¥964.1m | CN¥1.99bn | CN¥2.35bn | −CN¥1.25bn | −CN¥370.6m | CN¥1.25bn | −CN¥978.6m |
| Capital spending | −CN¥171.3m | −CN¥92.9m | −CN¥148.9m | −CN¥74.7m | −CN¥55.2m | −CN¥36.5m | −CN¥32.6m | −CN¥52.4m | −CN¥40.0m | −CN¥42.6m |
| Free cash flow | CN¥5.79bn | CN¥2.86bn | CN¥7.06bn | CN¥889.4m | CN¥1.93bn | CN¥2.31bn | −CN¥1.29bn | −CN¥423.0m | CN¥1.21bn | −CN¥1.02bn |
| Dividends paid | −CN¥1.25bn | −CN¥1.02bn | −CN¥1.03bn | −CN¥758.5m | −CN¥653.9m | −CN¥601.6m | −CN¥575.4m | −CN¥773.2m | −CN¥717.3m | −CN¥667.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.24bn | CN¥13.74bn | CN¥4.82bn | CN¥14.65bn | CN¥15.83bn | CN¥17.52bn | CN¥4.21bn | CN¥12.62bn |
| Gross profit | CN¥679.0m | CN¥1.75bn | −CN¥892.7m | CN¥1.03bn | CN¥1.31bn | CN¥1.59bn | CN¥547.6m | CN¥825.7m |
| Operating income | CN¥296.1m | CN¥1.32bn | CN¥592.8m | CN¥378.5m | CN¥1.04bn | CN¥1.14bn | CN¥378.9m | CN¥630.6m |
| Net income | CN¥168.8m | CN¥547.1m | CN¥317.4m | CN¥217.3m | CN¥607.2m | CN¥613.0m | CN¥173.9m | CN¥372.0m |
| Diluted earnings per share | 0.32 | 1.05 | 0.61 | 0.42 | 1.16 | 1.17 | 0.33 | 0.71 |
| Cash from operations | — | — | — | −CN¥2.33bn | CN¥1.16bn | CN¥3.55bn | −CN¥3.61bn | CN¥1.34bn |
| Capital spending | −CN¥20.0m | −CN¥18.0m | −CN¥45.0m | −CN¥24.0m | −CN¥88.0m | −CN¥11.0m | −CN¥9.0m | −CN¥44.0m |
| Free cash flow | — | — | — | −CN¥2.36bn | CN¥1.07bn | CN¥3.54bn | −CN¥3.62bn | CN¥1.30bn |
| Total assets | CN¥21.48bn | CN¥24.49bn | CN¥20.73bn | CN¥24.89bn | CN¥23.92bn | CN¥29.28bn | CN¥22.81bn | CN¥24.19bn |
| Cash and short-term investments | — | — | CN¥10.99bn | CN¥10.99bn | CN¥13.69bn | CN¥16.54bn | CN¥8.39bn | CN¥12.74bn |
| Debt | — | — | — | CN¥6.76bn | CN¥5.96bn | CN¥11.57bn | CN¥4.84bn | CN¥5.06bn |
| Shareholders' equity | CN¥13.24bn | CN¥13.73bn | CN¥15.12bn | CN¥12.86bn | CN¥12.82bn | CN¥13.12bn | CN¥12.50bn | CN¥12.33bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 5.7% | 8.9% | 8.3% | 7.6% | 7.8% | 8.2% | — |
| Operating margin | 5.7% | 6.0% | 5.9% | 5.3% | 6.0% | 5.4% | — |
| Net margin | 3.3% | 3.4% | 3.1% | 2.7% | 3.2% | 3.1% | — |
| Return on equity | 11.6% | 15.6% | 19.1% | 16.8% | 20.4% | 19.9% | — |
| Return on assets | 8.5% | 8.6% | 9.1% | 6.5% | 8.4% | 8.1% | — |
| Free cash flow yield | 37.6% | 18.6% | 45.1% | 6.4% | 12.5% | 14.6% | — |
| Revenue growth | -7.0% | -20.5% | 13.4% | 7.4% | 13.5% | 4.2% | — |
| Earnings growth | -10.0% | -11.9% | 30.2% | -9.4% | 18.3% | 12.6% | — |
| Current ratio | 3.95x | 2.80x | 2.29x | 1.84x | 2.08x | 2.04x | — |
| Debt to equity | — | 0.39x | 0.50x | 0.70x | 0.94x | 0.90x | 1.15x |
| Equity ratio | 73.0% | 55.0% | 47.6% | 38.9% | 41.3% | 40.7% | — |
| Interest coverage | 15.50x | 12.10x | 16.27x | 9.98x | 10.41x | 8.08x | — |
| R&D as a share of sales | 0.0% | 0.1% | 0.1% | 0.0% | 0.1% | 0.0% | — |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | -0.0% | -0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.7% | 0.4% | 4.0% |
| Operating income | -3.4% | 1.6% | 6.2% |
| Net income | 1.1% | 2.0% | 4.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.4% | 7.7% | 7.8% | 8.0% |
| Operating margin | 5.9% | 5.8% | 5.7% | 5.6% |
| Net margin | 3.4% | 3.1% | 3.1% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.3 | 14.6 | 16.3 | 13.2 | 12.8 | 14.9 | 17.7 | 19.5 | 19.0 | 18.4 |
| Price to sales | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 14 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.52 | 2.05 | 1.95 | 1.46 | 1.45 | 1.25 | 1.15 | 1.10 |
- 6-for-5 split · 6 Aug 2012
- 13-for-10 split · 11 Jul 2011
- 11-for-10 split · 2 Jul 2007
- 1-to-1 reverse split · 8 Feb 2006
- 13-for-10 split · 7 Jun 1999
- 11-for-10 split · 2 Jul 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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