Z 
6.47
-0.46%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.57bn
FY2016FY2025
Net income
CN¥411.9m
FY2016FY2025
Free cash flow
−CN¥451.3m
FY2016FY2025
Shareholders' equity
CN¥5.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.57bn | CN¥2.88bn | CN¥2.89bn | CN¥3.56bn | CN¥3.81bn | CN¥3.25bn | CN¥3.55bn | CN¥3.36bn | CN¥2.83bn | CN¥2.38bn |
| Gross profit | CN¥571.8m | CN¥675.7m | CN¥638.1m | CN¥953.7m | CN¥1.23bn | CN¥1.20bn | CN¥1.44bn | CN¥1.40bn | CN¥958.4m | CN¥578.0m |
| Research and development | CN¥88.1m | CN¥105.9m | CN¥122.4m | CN¥122.1m | CN¥99.3m | CN¥75.3m | CN¥70.0m | CN¥69.4m | CN¥35.8m | CN¥32.5m |
| Operating income | CN¥46.8m | CN¥209.1m | CN¥130.2m | CN¥433.9m | CN¥1.22bn | CN¥750.3m | CN¥964.3m | CN¥837.6m | CN¥503.8m | CN¥352.1m |
| Net income | CN¥411.9m | CN¥108.0m | CN¥93.8m | CN¥287.7m | CN¥924.1m | CN¥584.4m | CN¥724.7m | CN¥588.5m | CN¥348.5m | CN¥285.2m |
| Diluted earnings per share | 1.00 | 0.26 | 0.23 | 0.70 | 2.25 | 1.42 | 1.76 | 1.43 | 0.84 | 0.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.79bn | CN¥7.56bn | CN¥7.05bn | CN¥7.32bn | CN¥7.02bn | CN¥6.34bn | CN¥5.48bn | CN¥4.90bn | CN¥4.18bn | CN¥3.99bn |
| Cash and short-term investments | — | CN¥264.3m | CN¥211.3m | CN¥373.2m | CN¥296.7m | CN¥230.0m | CN¥484.5m | CN¥528.3m | CN¥236.0m | CN¥183.2m |
| Total liabilities | CN¥1.94bn | CN¥2.03bn | CN¥1.58bn | CN¥1.74bn | CN¥1.51bn | CN¥1.62bn | CN¥1.39bn | CN¥1.45bn | CN¥1.35bn | CN¥1.44bn |
| Debt | CN¥27.9m | CN¥213.0m | CN¥518.2m | CN¥492.8m | CN¥113.4m | CN¥490.8m | CN¥355.7m | CN¥529.2m | CN¥618.1m | CN¥783.1m |
| Shareholders' equity | CN¥5.51bn | CN¥5.19bn | CN¥5.11bn | CN¥5.19bn | CN¥5.21bn | CN¥4.44bn | CN¥3.79bn | CN¥3.16bn | CN¥2.63bn | CN¥2.39bn |
| Shares outstanding | 413m | 413m | 402m | 410m | 410m | 413m | 413m | 413m | 413m | 413m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥223.7m | CN¥412.1m | CN¥42.4m | CN¥383.3m | CN¥475.4m | CN¥614.0m | CN¥520.0m | CN¥652.5m | CN¥432.0m | CN¥398.5m |
| Capital spending | −CN¥675.0m | −CN¥338.8m | −CN¥237.5m | −CN¥456.4m | −CN¥304.2m | −CN¥558.7m | −CN¥347.0m | −CN¥115.0m | −CN¥113.8m | −CN¥66.6m |
| Free cash flow | −CN¥451.3m | CN¥73.3m | −CN¥195.0m | −CN¥73.0m | CN¥171.2m | CN¥55.3m | CN¥172.9m | CN¥537.5m | CN¥318.1m | CN¥331.9m |
| Dividends paid | −CN¥55.6m | −CN¥53.8m | −CN¥67.1m | −CN¥172.0m | −CN¥149.5m | −CN¥103.2m | −CN¥127.1m | −CN¥71.8m | −CN¥123.2m | −CN¥94.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥627.6m | CN¥537.0m | CN¥647.6m | CN¥621.3m | CN¥714.6m | CN¥584.1m | CN¥854.5m | CN¥663.2m |
| Gross profit | CN¥107.0m | CN¥92.7m | CN¥126.5m | CN¥121.4m | CN¥174.0m | CN¥149.9m | CN¥227.3m | CN¥152.7m |
| Operating income | CN¥8.8m | −CN¥9.9m | −CN¥37.9m | CN¥43.8m | CN¥58.8m | CN¥601.2m | CN¥84.9m | CN¥44.2m |
| Net income | CN¥9.4m | −CN¥18.3m | −CN¥237.8m | CN¥32.1m | CN¥35.4m | CN¥582.3m | CN¥37.4m | CN¥22.9m |
| Diluted earnings per share | 0.02 | -0.04 | -0.58 | 0.08 | 0.09 | 1.41 | 0.09 | 0.06 |
| Cash from operations | — | — | — | CN¥133.0m | CN¥90.0m | −CN¥34.0m | CN¥265.0m | CN¥85.0m |
| Capital spending | −CN¥98.0m | −CN¥186.0m | −CN¥266.0m | −CN¥118.0m | −CN¥162.0m | −CN¥127.0m | −CN¥236.0m | −CN¥5.0m |
| Free cash flow | — | — | — | CN¥15.0m | −CN¥72.0m | −CN¥161.0m | CN¥29.0m | CN¥80.0m |
| Total assets | CN¥7.87bn | CN¥7.85bn | CN¥7.79bn | CN¥8.15bn | CN¥8.24bn | CN¥8.28bn | CN¥7.56bn | CN¥7.09bn |
| Cash and short-term investments | — | — | — | CN¥239.1m | CN¥403.4m | CN¥427.6m | CN¥264.3m | CN¥248.8m |
| Debt | CN¥33.9m | CN¥35.3m | CN¥27.9m | CN¥729.5m | CN¥728.4m | CN¥531.9m | CN¥196.2m | CN¥346.2m |
| Shareholders' equity | CN¥5.40bn | CN¥5.48bn | CN¥5.51bn | CN¥5.77bn | CN¥5.72bn | CN¥5.71bn | CN¥5.19bn | CN¥5.06bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.3% | 23.5% | 22.1% | 26.8% | 32.4% | 36.9% |
| Operating margin | 18.5% | 7.9% | 5.2% | 12.8% | 32.5% | 23.8% |
| Net margin | 16.0% | 3.8% | 3.2% | 8.1% | 24.3% | 18.0% |
| Return on equity | 7.5% | 2.1% | 1.8% | 5.5% | 17.7% | 13.2% |
| Return on assets | 5.3% | 1.4% | 1.3% | 3.9% | 13.2% | 9.2% |
| Free cash flow yield | 24.8% | 20.7% | 7.9% | 23.3% | 21.6% | 32.3% |
| Revenue growth | -10.7% | -0.6% | -18.7% | -6.4% | 17.2% | -8.5% |
| Earnings growth | 281.4% | 15.2% | -67.4% | -68.9% | 58.1% | -19.4% |
| Current ratio | 0.89x | 0.78x | 0.98x | 0.89x | 1.22x | 1.19x |
| Debt to equity | 0.01x | 0.04x | 0.10x | 0.05x | 0.02x | 0.11x |
| Equity ratio | 70.6% | 68.6% | 72.5% | 70.8% | 74.1% | 69.9% |
| Interest coverage | 17.99x | 9.02x | 7.95x | 25.75x | 94.35x | 41.57x |
| R&D as a share of sales | 3.4% | 3.7% | 4.2% | 3.4% | 2.6% | 2.3% |
| Buybacks as a share of market value | 0.1% | -2.9% | 2.1% | -0.1% | 0.7% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.3% | -4.6% | 1.3% |
| Operating income | -52.4% | -42.6% | -14.7% |
| Net income | 12.7% | -6.8% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.9% | 23.9% | 27.8% | 30.4% |
| Operating margin | 4.7% | 6.9% | 14.7% | 17.1% |
| Net margin | 9.5% | 7.6% | 12.7% | 13.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.3 | 32.4 | 39.4 | 15.1 | 6.8 | 8.2 | 7.5 | 6.9 | 15.6 | 20.2 |
| Price to sales | 1.8 | 1.2 | 1.3 | 1.2 | 1.6 | 1.5 | 1.5 | 1.2 | 1.9 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 9 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.083 | 0.125 | 0.417 | 0.333 | 0.25 | 0.25 |
- 1-to-1 reverse split · 15 Jul 2025
- 1-to-1 reverse split · 7 Aug 2006
- 3-for-2 split · 4 Jul 1997
- 6-for-5 split · 8 May 1995
- 1.676-for-1 split · 3 May 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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