W 
5.09
-0.39%
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¥596.46bn
FY2016FY2025
Net income
CN¥3.62bn
FY2016FY2025
Free cash flow
−CN¥9.95bn
FY2016FY2025
Shareholders' equity
CN¥43.85bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥596.46bn | CN¥599.52bn | CN¥580.16bn | CN¥576.55bn | CN¥562.54bn | CN¥403.97bn | CN¥358.92bn | CN¥300.54bn | CN¥276.62bn | CN¥207.17bn |
| Gross profit | CN¥13.69bn | CN¥12.10bn | CN¥14.18bn | CN¥13.00bn | CN¥13.40bn | CN¥11.79bn | CN¥9.19bn | CN¥8.17bn | CN¥7.18bn | CN¥7.15bn |
| Research and development | CN¥1.43bn | CN¥1.23bn | CN¥1.04bn | CN¥734.3m | CN¥546.0m | CN¥368.6m | CN¥262.9m | CN¥192.0m | CN¥142.3m | CN¥88.0m |
| Operating income | CN¥8.47bn | CN¥3.62bn | CN¥6.09bn | CN¥5.49bn | CN¥6.62bn | CN¥5.50bn | CN¥4.92bn | CN¥3.56bn | CN¥3.84bn | CN¥3.68bn |
| Net income | CN¥3.62bn | CN¥3.08bn | CN¥3.62bn | CN¥3.93bn | CN¥3.98bn | CN¥2.75bn | CN¥2.73bn | CN¥2.40bn | CN¥2.23bn | CN¥2.15bn |
| Diluted earnings per share | 0.70 | 0.60 | 0.57 | 0.78 | 0.76 | 0.53 | 0.56 | 0.50 | 0.46 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥200.99bn | CN¥175.88bn | CN¥166.13bn | CN¥145.05bn | CN¥129.45bn | CN¥106.65bn | CN¥93.33bn | CN¥86.05bn | CN¥85.94bn | CN¥76.57bn |
| Cash and short-term investments | — | CN¥26.01bn | CN¥24.15bn | CN¥24.18bn | CN¥24.35bn | CN¥17.95bn | CN¥18.09bn | CN¥14.68bn | CN¥14.09bn | CN¥10.86bn |
| Total liabilities | CN¥139.99bn | CN¥117.96bn | CN¥114.79bn | CN¥99.07bn | CN¥90.15bn | CN¥72.75bn | CN¥62.68bn | CN¥57.01bn | CN¥59.58bn | CN¥52.82bn |
| Debt | CN¥11.16bn | CN¥32.92bn | CN¥40.53bn | CN¥28.36bn | CN¥21.24bn | CN¥16.53bn | CN¥15.63bn | CN¥15.86bn | CN¥20.61bn | CN¥15.30bn |
| Shareholders' equity | CN¥43.85bn | CN¥42.23bn | CN¥36.77bn | CN¥33.74bn | CN¥30.38bn | CN¥26.88bn | CN¥25.16bn | CN¥23.87bn | CN¥21.94bn | CN¥20.16bn |
| Shares outstanding | 5,171m | 5,094m | 6,302m | 5,062m | 5,231m | 5,222m | 4,846m | 4,808m | 4,847m | 4,882m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥7.55bn | CN¥4.15bn | CN¥1.90bn | −CN¥2.14bn | CN¥4.42bn | CN¥1.76bn | CN¥5.38bn | CN¥6.53bn | −CN¥8.36bn | −CN¥544.0m |
| Capital spending | −CN¥2.40bn | −CN¥3.27bn | −CN¥2.53bn | −CN¥3.72bn | −CN¥3.55bn | −CN¥2.25bn | −CN¥2.85bn | −CN¥2.82bn | −CN¥3.01bn | −CN¥1.56bn |
| Free cash flow | −CN¥9.95bn | CN¥881.5m | −CN¥630.0m | −CN¥5.86bn | CN¥860.6m | −CN¥487.0m | CN¥2.53bn | CN¥3.71bn | −CN¥11.37bn | −CN¥2.11bn |
| Dividends paid | −CN¥2.60bn | −CN¥2.52bn | −CN¥2.85bn | −CN¥831.2m | −CN¥1.01bn | −CN¥1.27bn | −CN¥1.08bn | −CN¥2.23bn | −CN¥2.53bn | −CN¥1.70bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥155.67bn | CN¥134.20bn | CN¥163.48bn | CN¥144.44bn | CN¥155.39bn | CN¥133.15bn | CN¥157.55bn | CN¥147.80bn |
| Gross profit | CN¥4.94bn | CN¥4.51bn | CN¥4.28bn | CN¥3.58bn | CN¥1.82bn | CN¥3.46bn | CN¥2.59bn | CN¥3.11bn |
| Operating income | CN¥2.86bn | CN¥2.73bn | CN¥2.24bn | CN¥1.30bn | −CN¥449.9m | CN¥1.73bn | CN¥1.76bn | CN¥1.33bn |
| Net income | CN¥1.01bn | CN¥971.0m | CN¥571.8m | CN¥1.01bn | CN¥1.06bn | CN¥983.8m | CN¥747.3m | CN¥758.3m |
| Diluted earnings per share | 0.20 | 0.19 | 0.11 | 0.20 | 0.20 | 0.19 | 0.15 | 0.15 |
| Cash from operations | — | — | — | −CN¥5.04bn | CN¥5.06bn | −CN¥7.62bn | — | CN¥5.33bn |
| Capital spending | −CN¥516.0m | −CN¥526.0m | −CN¥1.24bn | −CN¥406.0m | −CN¥337.0m | −CN¥419.0m | −CN¥1.65bn | −CN¥525.0m |
| Free cash flow | — | — | — | −CN¥5.45bn | CN¥4.72bn | −CN¥8.04bn | — | CN¥4.80bn |
| Total assets | CN¥237.02bn | CN¥238.84bn | CN¥200.99bn | CN¥221.64bn | CN¥204.65bn | CN¥207.22bn | CN¥175.88bn | CN¥202.45bn |
| Cash and short-term investments | — | — | — | CN¥36.20bn | CN¥35.84bn | CN¥31.05bn | CN¥26.01bn | CN¥31.81bn |
| Debt | CN¥12.60bn | CN¥11.21bn | CN¥11.16bn | CN¥71.93bn | CN¥45.88bn | CN¥46.20bn | CN¥31.79bn | CN¥40.79bn |
| Shareholders' equity | CN¥47.91bn | CN¥46.15bn | CN¥43.85bn | CN¥40.94bn | CN¥42.53bn | CN¥43.27bn | CN¥42.23bn | CN¥38.63bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.3% | 2.0% | 2.4% | 2.3% | 2.4% | 2.9% |
| Operating margin | 1.4% | 0.6% | 1.1% | 1.0% | 1.2% | 1.4% |
| Net margin | 0.6% | 0.5% | 0.6% | 0.7% | 0.7% | 0.7% |
| Return on equity | 8.3% | 7.3% | 9.8% | 11.6% | 13.1% | 10.2% |
| Return on assets | 1.8% | 1.8% | 2.2% | 2.7% | 3.1% | 2.6% |
| Free cash flow yield | -20.4% | 29.8% | 14.4% | 6.4% | 31.2% | 15.7% |
| Revenue growth | -0.5% | 3.3% | 0.6% | 2.5% | 39.3% | 12.5% |
| Earnings growth | 17.7% | -14.9% | -7.8% | -1.5% | 45.1% | 0.4% |
| Current ratio | 1.11x | 1.11x | 1.10x | 1.18x | 1.08x | 1.11x |
| Debt to equity | 0.25x | 0.75x | 1.28x | 0.79x | 0.55x | 0.61x |
| Equity ratio | 21.8% | 24.0% | 22.1% | 23.3% | 23.5% | 25.2% |
| Interest coverage | 5.62x | 2.14x | 4.47x | 3.99x | 4.21x | 4.04x |
| R&D as a share of sales | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | -1.5% | 19.2% | -24.5% | 3.2% | -0.2% | -7.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.1% | 8.1% | 12.6% |
| Operating income | 15.6% | 9.0% | 15.7% |
| Net income | -2.6% | 5.7% | 10.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.2% | 2.3% | 2.4% | 2.5% |
| Operating margin | 1.0% | 1.0% | 1.1% | 1.2% |
| Net margin | 0.6% | 0.6% | 0.6% | 0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.0 | 8.4 | 7.7 | 6.2 | 7.8 | 8.3 | 9.3 | 9.2 | 14.8 | 15.6 |
| Price to sales | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 30 Jan 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.31 | 0.21 | 0.15 | 0.16 | 0.20 | 0.25 | 0.25 | 0.20 |
- 3-for-2 split · 8 Jun 2017
- 13-for-10 split · 20 Jun 2016
- 6-for-5 split · 4 Jul 2012
- 1-to-1 reverse split · 17 Feb 2006
- 13-for-10 split · 11 Jul 2005
- 3-for-2 split · 11 May 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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