Z 
17.73
-0.06%
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¥22.25bn
FY2016FY2025
Net income
CN¥1.13bn
FY2016FY2025
Free cash flow
CN¥1.64bn
FY2016FY2025
Shareholders' equity
CN¥4.71bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥22.25bn | CN¥19.76bn | CN¥19.41bn | CN¥20.41bn | CN¥16.47bn | CN¥14.77bn | CN¥11.19bn | CN¥13.01bn | CN¥13.80bn | CN¥12.69bn |
| Gross profit | CN¥2.59bn | CN¥1.63bn | CN¥1.50bn | CN¥1.45bn | CN¥713.7m | CN¥704.3m | CN¥355.8m | −CN¥422.5m | CN¥535.3m | CN¥631.9m |
| Research and development | CN¥154.7m | CN¥142.0m | CN¥157.6m | CN¥128.6m | CN¥72.9m | CN¥62.9m | CN¥49.0m | CN¥24.7m | CN¥17.0m | CN¥21.6m |
| Operating income | CN¥1.82bn | CN¥972.8m | CN¥827.4m | CN¥658.4m | CN¥442.1m | CN¥292.8m | CN¥129.8m | −CN¥1.66bn | CN¥232.2m | CN¥236.6m |
| Net income | CN¥1.13bn | CN¥786.5m | CN¥611.2m | CN¥492.9m | CN¥163.9m | CN¥158.9m | CN¥77.4m | −CN¥1.63bn | CN¥55.4m | CN¥20.7m |
| Diluted earnings per share | 1.05 | 0.73 | 0.57 | 0.93 | 0.31 | 0.19 | 0.07 | -3.10 | 0.11 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.49bn | CN¥9.14bn | CN¥9.11bn | CN¥5.50bn | CN¥5.78bn | CN¥5.61bn | CN¥6.98bn | CN¥5.94bn | CN¥5.82bn | CN¥5.90bn |
| Cash and short-term investments | — | CN¥387.7m | CN¥600.5m | CN¥236.8m | CN¥231.8m | CN¥180.7m | CN¥226.3m | CN¥485.3m | CN¥527.8m | CN¥618.7m |
| Total liabilities | CN¥4.65bn | CN¥4.65bn | CN¥5.36bn | CN¥4.62bn | CN¥4.91bn | CN¥4.86bn | CN¥6.34bn | CN¥5.39bn | CN¥5.62bn | CN¥5.74bn |
| Debt | CN¥3.4m | CN¥1.92bn | CN¥2.69bn | CN¥3.00bn | CN¥3.20bn | CN¥3.47bn | CN¥3.55bn | CN¥3.16bn | CN¥4.70bn | CN¥4.85bn |
| Shareholders' equity | CN¥4.71bn | CN¥4.35bn | CN¥2.13bn | CN¥218.0m | CN¥230.2m | CN¥140.9m | CN¥56.0m | CN¥50.7m | CN¥204.8m | CN¥160.6m |
| Shares outstanding | 1,073m | 1,073m | 1,073m | 527m | 527m | 819m | 1,043m | 526m | 517m | 497m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.84bn | CN¥1.11bn | CN¥690.3m | CN¥635.9m | CN¥613.8m | CN¥348.6m | CN¥726.8m | CN¥682.1m | CN¥335.1m | CN¥302.2m |
| Capital spending | −CN¥196.8m | −CN¥213.7m | −CN¥338.3m | −CN¥109.0m | −CN¥154.5m | −CN¥163.6m | −CN¥1.44bn | −CN¥1.89bn | −CN¥81.6m | −CN¥94.7m |
| Free cash flow | CN¥1.64bn | CN¥893.0m | CN¥352.1m | CN¥526.9m | CN¥459.3m | CN¥185.0m | −CN¥717.5m | −CN¥1.21bn | CN¥253.5m | CN¥207.5m |
| Dividends paid | −CN¥89.9m | −CN¥128.4m | −CN¥167.5m | −CN¥236.5m | −CN¥192.4m | −CN¥207.5m | −CN¥222.4m | −CN¥206.5m | −CN¥187.6m | −CN¥202.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.14bn | CN¥7.01bn | CN¥6.20bn | CN¥5.64bn | CN¥5.61bn | CN¥4.80bn | CN¥5.37bn | CN¥5.33bn |
| Gross profit | CN¥1.15bn | CN¥1.69bn | CN¥610.8m | CN¥711.2m | CN¥598.3m | CN¥578.2m | CN¥319.2m | CN¥525.9m |
| Operating income | CN¥896.5m | CN¥1.43bn | CN¥624.2m | CN¥435.0m | CN¥392.4m | CN¥331.6m | CN¥261.8m | CN¥279.0m |
| Net income | CN¥804.4m | CN¥1.14bn | CN¥267.1m | CN¥272.7m | CN¥308.5m | CN¥276.9m | CN¥204.8m | CN¥210.8m |
| Diluted earnings per share | 0.75 | 1.07 | 0.25 | 0.25 | 0.29 | 0.26 | 0.19 | 0.20 |
| Cash from operations | — | — | — | CN¥453.0m | CN¥488.0m | CN¥600.0m | CN¥167.0m | CN¥199.0m |
| Capital spending | −CN¥43.0m | −CN¥43.0m | −CN¥54.0m | −CN¥47.0m | −CN¥20.0m | −CN¥74.0m | −CN¥66.0m | −CN¥22.0m |
| Free cash flow | — | — | — | CN¥406.0m | CN¥468.0m | CN¥526.0m | CN¥101.0m | CN¥177.0m |
| Total assets | CN¥9.08bn | CN¥10.10bn | CN¥9.49bn | CN¥8.95bn | CN¥9.28bn | CN¥9.63bn | CN¥9.14bn | CN¥8.96bn |
| Cash and short-term investments | — | — | — | CN¥1.19bn | CN¥1.32bn | CN¥977.6m | CN¥387.7m | CN¥463.9m |
| Debt | CN¥3.4m | CN¥3.4m | CN¥3.4m | CN¥1.97bn | CN¥1.77bn | CN¥1.86bn | CN¥1.92bn | CN¥2.00bn |
| Shareholders' equity | CN¥5.86bn | CN¥5.85bn | CN¥4.71bn | CN¥3.66bn | CN¥4.71bn | CN¥4.51bn | CN¥4.35bn | CN¥4.18bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.6% | 8.2% | 7.7% | 7.1% | 4.3% | 4.8% |
| Operating margin | 8.2% | 4.9% | 4.3% | 3.2% | 2.7% | 2.0% |
| Net margin | 5.1% | 4.0% | 3.1% | 2.4% | 1.0% | 1.1% |
| Return on equity | 23.9% | 18.1% | 28.7% | 226.1% | 71.2% | 112.7% |
| Return on assets | 11.9% | 8.6% | 6.7% | 9.0% | 2.8% | 2.8% |
| Free cash flow yield | 8.0% | 5.2% | 4.1% | 6.0% | 6.2% | 2.6% |
| Revenue growth | 12.6% | 1.8% | -4.9% | 23.9% | 11.6% | 31.9% |
| Earnings growth | 43.1% | 28.7% | 24.0% | 200.7% | 3.2% | 105.1% |
| Current ratio | 1.09x | 0.97x | 0.99x | 0.64x | 0.67x | 0.60x |
| Debt to equity | 0.00x | 0.44x | 1.26x | 14.54x | 13.77x | 24.62x |
| Equity ratio | 49.7% | 47.7% | 23.4% | 4.0% | 4.0% | 2.5% |
| Interest coverage | 60.21x | 12.37x | 9.03x | 4.58x | 3.13x | 1.90x |
| R&D as a share of sales | 0.7% | 0.7% | 0.8% | 0.6% | 0.4% | 0.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | -103.4% | 0.0% | 35.6% | 21.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 8.5% | 4.9% |
| Operating income | 40.3% | 44.1% | — |
| Net income | 31.7% | 47.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.0% | 8.8% | 7.6% | 5.4% |
| Operating margin | 6.6% | 5.2% | 4.4% | 1.8% |
| Net margin | 4.6% | 3.7% | 3.0% | 0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 10.7 | 14.7 | 7.6 | 29.9 | 37.5 | 111.9 | -2.4 | 79.5 | 269.0 |
| Price to sales | 0.8 | 0.4 | 0.5 | 0.2 | 0.3 | 0.4 | 0.8 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2010.
| FY2010 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.10 | 0.30 | 0.10 | 0.20 |
- 1-to-1 reverse split · 2 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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