W 
24.44
+1.37%
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¥13.57bn
FY2016FY2025
Net income
CN¥472.0m
FY2016FY2025
Free cash flow
−CN¥1.25bn
FY2016FY2025
Shareholders' equity
CN¥4.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.57bn | CN¥7.00bn | CN¥4.47bn | CN¥4.50bn | CN¥5.54bn | CN¥5.56bn | CN¥3.86bn | CN¥1.00bn | CN¥1.39bn | CN¥1.11bn |
| Research and development | CN¥68.8m | CN¥29.0m | CN¥18.4m | CN¥19.4m | CN¥32.6m | CN¥9.1m | CN¥6.3m | CN¥8.4m | CN¥5.8m | CN¥9.0m |
| Operating income | CN¥840.6m | CN¥368.5m | −CN¥259.4m | CN¥349.4m | CN¥609.4m | CN¥108.6m | CN¥60.3m | CN¥45.0m | CN¥15.1m | CN¥166.2m |
| Net income | CN¥472.0m | CN¥289.6m | −CN¥274.0m | CN¥177.4m | CN¥367.5m | CN¥77.5m | CN¥41.1m | CN¥9.7m | CN¥21.8m | CN¥126.5m |
| Diluted earnings per share | 0.52 | 0.32 | -0.30 | 0.35 | 0.57 | 0.12 | 0.07 | 0.02 | 0.03 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.37bn | CN¥7.63bn | CN¥6.74bn | CN¥6.20bn | CN¥2.74bn | CN¥2.73bn | CN¥2.64bn | CN¥2.67bn | CN¥2.47bn | CN¥2.69bn |
| Cash and short-term investments | — | CN¥1.18bn | CN¥728.9m | CN¥665.4m | CN¥464.8m | CN¥521.0m | CN¥219.1m | CN¥357.9m | CN¥293.5m | CN¥321.4m |
| Total liabilities | CN¥9.64bn | CN¥2.99bn | CN¥2.36bn | CN¥1.45bn | CN¥922.6m | CN¥952.1m | CN¥932.6m | CN¥992.8m | CN¥793.9m | CN¥983.9m |
| Debt | CN¥3.47bn | CN¥1.20bn | CN¥763.3m | CN¥169.1m | CN¥200.0m | CN¥170.0m | CN¥450.0m | CN¥269.0m | CN¥134.0m | CN¥306.5m |
| Shareholders' equity | CN¥4.73bn | CN¥4.64bn | CN¥4.38bn | CN¥4.75bn | CN¥1.82bn | CN¥1.77bn | CN¥1.71bn | CN¥1.68bn | CN¥1.68bn | CN¥1.70bn |
| Shares outstanding | 913m | 918m | 916m | 506m | 642m | 635m | 586m | 636m | 636m | 636m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥285.0m | CN¥363.9m | −CN¥90.9m | CN¥356.8m | CN¥102.4m | CN¥436.7m | CN¥149.9m | CN¥52.9m | CN¥223.2m | CN¥255.3m |
| Capital spending | −CN¥966.5m | −CN¥161.5m | −CN¥154.9m | −CN¥280.9m | −CN¥84.7m | −CN¥82.7m | −CN¥150.1m | −CN¥132.0m | −CN¥62.2m | −CN¥184.0m |
| Free cash flow | −CN¥1.25bn | CN¥202.4m | −CN¥245.9m | CN¥75.9m | CN¥17.7m | CN¥354.0m | −CN¥244,150 | −CN¥79.0m | CN¥161.0m | CN¥71.3m |
| Dividends paid | −CN¥147.5m | −CN¥51.4m | −CN¥72.8m | −CN¥22.4m | −CN¥241.5m | −CN¥12.7m | −CN¥6.4m | −CN¥13.9m | −CN¥49.0m | −CN¥33.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.96bn | CN¥8.08bn | CN¥3.36bn | CN¥5.37bn | CN¥3.09bn | CN¥1.94bn | CN¥1.96bn | CN¥2.07bn |
| Operating income | CN¥171.9m | CN¥678.7m | CN¥339.0m | CN¥161.6m | CN¥157.8m | CN¥41.2m | CN¥187.9m | CN¥80.4m |
| Net income | CN¥24.2m | CN¥522.5m | CN¥171.7m | CN¥142.6m | CN¥119.0m | CN¥34.6m | CN¥160.9m | CN¥62.4m |
| Diluted earnings per share | 0.03 | 0.57 | 0.19 | 0.16 | 0.13 | 0.04 | 0.18 | 0.07 |
| Cash from operations | — | — | — | −CN¥726.0m | −CN¥1.15bn | −CN¥159.0m | CN¥543.0m | CN¥55.0m |
| Capital spending | −CN¥290.0m | −CN¥185.0m | −CN¥289.0m | −CN¥577.0m | −CN¥28.0m | −CN¥70.0m | −CN¥60.0m | −CN¥29.0m |
| Free cash flow | — | — | — | −CN¥1.30bn | −CN¥1.18bn | −CN¥229.0m | CN¥483.0m | CN¥26.0m |
| Total assets | CN¥13.55bn | CN¥15.26bn | CN¥14.37bn | CN¥14.45bn | CN¥9.13bn | CN¥7.50bn | CN¥7.63bn | CN¥7.06bn |
| Cash and short-term investments | — | — | — | CN¥810.7m | CN¥1.22bn | CN¥954.9m | CN¥1.18bn | CN¥575.1m |
| Debt | CN¥3.00bn | CN¥3.49bn | CN¥3.47bn | CN¥3.01bn | CN¥2.80bn | CN¥1.24bn | CN¥1.19bn | CN¥1.12bn |
| Shareholders' equity | CN¥5.14bn | CN¥5.26bn | CN¥4.73bn | CN¥4.55bn | CN¥4.74bn | CN¥4.67bn | CN¥4.64bn | CN¥4.52bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.2% | 5.3% | -5.8% | 7.8% | 11.0% | 2.0% |
| Net margin | 3.5% | 4.1% | -6.1% | 3.9% | 6.6% | 1.4% |
| Return on equity | 10.0% | 6.2% | -6.3% | 3.7% | 20.2% | 4.4% |
| Return on assets | 3.3% | 3.8% | -4.1% | 2.9% | 13.4% | 2.8% |
| Free cash flow yield | 2.8% | 2.1% | 0.3% | 4.7% | 1.1% | 3.0% |
| Revenue growth | 93.8% | 56.7% | -0.7% | -18.8% | -0.3% | 43.8% |
| Earnings growth | 63.0% | -205.7% | -254.4% | -51.7% | 374.3% | 88.7% |
| Current ratio | 1.19x | 2.13x | 1.79x | 1.96x | 1.16x | 1.11x |
| Debt to equity | 0.73x | 0.26x | 0.17x | 0.03x | 0.25x | 0.10x |
| Equity ratio | 32.9% | 60.8% | 65.0% | 76.6% | 66.3% | 65.1% |
| Interest coverage | 6.60x | 7.72x | -7.14x | 7.27x | 12.28x | 3.15x |
| R&D as a share of sales | 0.5% | 0.4% | 0.4% | 0.4% | 0.6% | 0.2% |
| Buybacks as a share of market value | 0.5% | -0.2% | -81.0% | 21.2% | -1.1% | -8.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.5% | 19.6% | 29.6% |
| Operating income | 34.0% | 50.6% | 26.8% |
| Net income | 38.6% | 43.5% | 22.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.9% | 4.4% | 5.0% | 4.9% |
| Net margin | 3.7% | 2.3% | 2.7% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 51.6 | 36.3 | -40.3 | 33.9 | 21.5 | 110.6 | 215.6 | — | 462.7 | 112.4 |
| Price to sales | 1.8 | 1.5 | 2.5 | 1.3 | 1.4 | 1.5 | 2.3 | 9.4 | 7.3 | 12.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 30 Sept 2026.
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.206 | 0.05 | 0.058 | 0.035 | 0.037 | 0.02 | 0.01 | 0.011 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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