W 
9.72
-0.61%
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¥10.15bn
FY2016FY2025
Net income
−CN¥39.9m
FY2016FY2025
Free cash flow
CN¥1.39bn
FY2016FY2025
Shareholders' equity
CN¥19.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.15bn | CN¥11.37bn | CN¥12.22bn | CN¥10.80bn | CN¥12.75bn | CN¥11.54bn | CN¥26.79bn | CN¥26.71bn | CN¥26.09bn | CN¥23.48bn |
| Operating income | CN¥614.4m | CN¥692.1m | CN¥1.42bn | CN¥538.7m | CN¥1.97bn | CN¥625.0m | CN¥1.53bn | CN¥1.63bn | CN¥1.32bn | CN¥1.21bn |
| Net income | −CN¥39.9m | CN¥268.6m | CN¥709.4m | CN¥194.8m | CN¥1.34bn | CN¥338.8m | CN¥961.3m | CN¥1.20bn | CN¥719.6m | CN¥767.1m |
| Diluted earnings per share | -0.04 | 0.24 | 0.62 | 0.17 | 1.18 | 0.44 | 1.24 | 1.55 | 0.93 | 1.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥38.84bn | CN¥41.67bn | CN¥41.12bn | CN¥36.19bn | CN¥39.15bn | CN¥22.00bn | CN¥24.11bn | CN¥21.70bn | CN¥20.19bn | CN¥17.79bn |
| Cash and short-term investments | — | CN¥9.98bn | CN¥11.12bn | CN¥10.00bn | CN¥14.30bn | CN¥7.24bn | CN¥8.62bn | CN¥6.95bn | CN¥6.03bn | CN¥8.03bn |
| Total liabilities | CN¥18.89bn | CN¥21.40bn | CN¥20.68bn | CN¥16.25bn | CN¥19.05bn | CN¥9.87bn | CN¥12.04bn | CN¥10.23bn | CN¥9.40bn | CN¥7.12bn |
| Debt | CN¥459.0m | CN¥10.20bn | CN¥9.19bn | CN¥9.09bn | CN¥11.27bn | CN¥3.35bn | CN¥3.25bn | CN¥2.26bn | CN¥2.24bn | CN¥2.35bn |
| Shareholders' equity | CN¥19.38bn | CN¥19.66bn | CN¥19.73bn | CN¥19.14bn | CN¥19.35bn | CN¥11.50bn | CN¥11.40bn | CN¥10.80bn | CN¥10.17bn | CN¥10.38bn |
| Shares outstanding | 1,124m | 1,133m | 1,138m | 1,135m | 1,135m | 777m | 777m | 776m | 776m | 604m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.92bn | CN¥2.58bn | CN¥3.60bn | CN¥1.64bn | CN¥2.77bn | CN¥818.3m | CN¥1.34bn | CN¥1.52bn | CN¥2.06bn | CN¥980.3m |
| Capital spending | −CN¥533.1m | −CN¥801.8m | −CN¥922.4m | −CN¥732.9m | −CN¥1.11bn | −CN¥622.2m | −CN¥1.05bn | −CN¥1.07bn | −CN¥1.24bn | −CN¥598.0m |
| Free cash flow | CN¥1.39bn | CN¥1.78bn | CN¥2.68bn | CN¥908.1m | CN¥1.67bn | CN¥196.0m | CN¥298.0m | CN¥451.0m | CN¥815.6m | CN¥382.3m |
| Dividends paid | −CN¥120.0m | −CN¥297.6m | −CN¥188.2m | −CN¥454.0m | −CN¥116.4m | −CN¥420.1m | −CN¥364.8m | −CN¥383.3m | −CN¥492.0m | −CN¥546.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.18bn | CN¥2.81bn | CN¥2.44bn | CN¥2.35bn | CN¥2.38bn | CN¥2.99bn | CN¥2.87bn | CN¥2.46bn |
| Operating income | CN¥159.8m | CN¥199.2m | CN¥136.6m | CN¥127.3m | CN¥138.5m | CN¥194.3m | CN¥2.6m | CN¥180.2m |
| Net income | CN¥2.5m | CN¥51.6m | −CN¥163.5m | CN¥42.6m | CN¥25.5m | CN¥55.6m | −CN¥158.2m | CN¥133.7m |
| Diluted earnings per share | 0.00 | 0.05 | -0.15 | 0.04 | 0.02 | 0.05 | -0.14 | 0.12 |
| Cash from operations | — | — | — | CN¥712.0m | CN¥271.0m | CN¥260.0m | CN¥945.0m | CN¥773.0m |
| Capital spending | −CN¥85.0m | −CN¥145.0m | −CN¥148.0m | −CN¥114.0m | −CN¥102.0m | −CN¥167.0m | −CN¥217.0m | −CN¥135.0m |
| Free cash flow | — | — | — | CN¥598.0m | CN¥169.0m | CN¥93.0m | CN¥728.0m | CN¥638.0m |
| Total assets | CN¥38.81bn | CN¥39.45bn | CN¥38.84bn | CN¥39.93bn | CN¥40.32bn | CN¥40.73bn | CN¥41.67bn | CN¥40.74bn |
| Cash and short-term investments | — | — | — | CN¥9.19bn | CN¥9.18bn | CN¥9.50bn | CN¥9.98bn | CN¥9.63bn |
| Debt | CN¥414.0m | CN¥459.0m | CN¥459.0m | CN¥1.06bn | CN¥580.0m | CN¥714.0m | CN¥764.0m | CN¥804.0m |
| Shareholders' equity | CN¥19.44bn | CN¥19.44bn | CN¥19.38bn | CN¥19.61bn | CN¥19.57bn | CN¥19.69bn | CN¥19.66bn | CN¥19.85bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.1% | 6.1% | 11.6% | 5.0% | 15.5% | 5.4% |
| Net margin | -0.4% | 2.4% | 5.8% | 1.8% | 10.5% | 2.9% |
| Return on equity | -0.2% | 1.4% | 3.6% | 1.0% | 6.9% | 2.9% |
| Return on assets | -0.1% | 0.6% | 1.7% | 0.5% | 3.4% | 1.5% |
| Free cash flow yield | 22.2% | 30.3% | 40.4% | 21.3% | 34.7% | 18.8% |
| Revenue growth | -10.7% | -7.0% | 13.2% | -15.3% | 10.6% | -56.9% |
| Earnings growth | -114.8% | -62.1% | 264.1% | -85.5% | 295.5% | -64.8% |
| Current ratio | 1.70x | 1.55x | 1.59x | 1.62x | 1.60x | 1.35x |
| Debt to equity | 0.02x | 0.04x | 0.04x | 0.05x | 0.05x | 0.26x |
| Equity ratio | 49.9% | 47.2% | 48.0% | 52.9% | 49.4% | 52.3% |
| Interest coverage | 10.77x | 1.21x | 2.64x | 0.95x | 3.14x | 2.54x |
| Buybacks as a share of market value | 0.8% | 0.5% | -0.3% | 0.0% | -46.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.0% | -2.5% | -5.2% |
| Operating income | 4.5% | -0.3% | -5.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.1% | 7.3% | 8.5% | 6.7% |
| Net margin | 1.1% | 2.5% | 4.1% | 3.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -437.8 | 65.0 | 25.6 | 164.0 | 22.9 | 74.7 | 11.3 | 8.8 | 22.0 | 12.8 |
| Price to sales | 1.7 | 1.5 | 1.5 | 3.0 | 2.4 | 2.2 | 0.4 | 0.4 | 0.6 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 10 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.20 | 0.10 | 0.40 | 0.15 | 0.38 | 0.47 | 0.36 |
- 13-for-10 split · 8 Jun 2016
- 11-for-10 split · 5 Jul 2000
- 6-for-5 split · 29 Jul 1998
- 6-for-5 split · 6 May 1997
- 11-for-10 split · 4 Jul 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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