T 
22.65
-3.08%
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¥93.89bn
FY2016FY2025
Net income
CN¥2.03bn
FY2016FY2025
Free cash flow
−CN¥4.40bn
FY2016FY2025
Shareholders' equity
CN¥38.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥93.89bn | CN¥101.31bn | CN¥82.64bn | CN¥61.99bn | CN¥59.16bn | CN¥45.83bn | CN¥50.58bn | CN¥41.60bn | CN¥32.81bn | CN¥25.58bn |
| Gross profit | CN¥10.43bn | CN¥4.64bn | CN¥4.16bn | CN¥1.87bn | CN¥6.48bn | CN¥2.90bn | CN¥5.97bn | CN¥4.56bn | CN¥3.40bn | CN¥2.26bn |
| Research and development | CN¥1.82bn | CN¥1.95bn | CN¥1.75bn | CN¥1.65bn | CN¥1.46bn | CN¥1.04bn | CN¥1.12bn | CN¥487.9m | CN¥326.8m | CN¥199.3m |
| Operating income | CN¥3.05bn | CN¥2.13bn | CN¥1.35bn | −CN¥371.3m | CN¥8.13bn | CN¥1.01bn | CN¥3.91bn | CN¥3.17bn | CN¥2.44bn | CN¥1.48bn |
| Net income | CN¥2.03bn | CN¥1.20bn | CN¥797.0m | CN¥124.7m | CN¥7.46bn | CN¥2.84bn | CN¥2.88bn | CN¥2.12bn | CN¥1.76bn | CN¥1.13bn |
| Diluted earnings per share | 0.86 | 0.51 | 0.34 | 0.05 | 3.08 | 1.54 | 1.58 | 1.15 | 1.03 | 0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥113.52bn | CN¥104.39bn | CN¥102.45bn | CN¥90.14bn | CN¥69.69bn | CN¥46.99bn | CN¥40.00bn | CN¥34.66bn | CN¥26.56bn | CN¥19.00bn |
| Cash and short-term investments | — | CN¥13.91bn | CN¥11.84bn | CN¥12.16bn | CN¥11.33bn | CN¥6.73bn | CN¥8.52bn | CN¥5.65bn | CN¥3.26bn | CN¥1.70bn |
| Total liabilities | CN¥74.66bn | CN¥67.40bn | CN¥66.66bn | CN¥55.13bn | CN¥33.69bn | CN¥21.23bn | CN¥20.92bn | CN¥18.53bn | CN¥13.13bn | CN¥7.98bn |
| Debt | — | CN¥52.03bn | CN¥48.95bn | CN¥39.71bn | CN¥27.18bn | CN¥16.56bn | CN¥16.67bn | CN¥17.61bn | CN¥9.98bn | CN¥5.85bn |
| Shareholders' equity | CN¥38.32bn | CN¥36.54bn | CN¥35.47bn | CN¥34.70bn | CN¥35.84bn | CN¥25.67bn | CN¥19.01bn | CN¥16.07bn | CN¥13.38bn | CN¥10.97bn |
| Shares outstanding | 2,375m | 2,378m | 2,375m | 2,390m | 2,423m | 1,838m | 1,828m | 1,842m | 1,716m | 1,731m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥6.42bn | CN¥8.78bn | CN¥3.12bn | CN¥1.07bn | CN¥2.79bn | CN¥3.35bn | CN¥5.12bn | CN¥2.43bn | CN¥2.19bn | CN¥3.04bn |
| Capital spending | −CN¥10.82bn | −CN¥8.99bn | −CN¥11.37bn | −CN¥15.04bn | −CN¥10.06bn | −CN¥3.89bn | −CN¥3.02bn | −CN¥2.91bn | −CN¥2.74bn | −CN¥2.78bn |
| Free cash flow | −CN¥4.40bn | −CN¥209.7m | −CN¥8.25bn | −CN¥13.96bn | −CN¥7.27bn | −CN¥546.8m | CN¥2.10bn | −CN¥487.5m | −CN¥547.7m | CN¥263.0m |
| Dividends paid | −CN¥1.41bn | −CN¥1.64bn | −CN¥1.22bn | −CN¥784.9m | −CN¥297.4m | −CN¥434.3m | −CN¥218.6m | −CN¥665.9m | −CN¥603.4m | −CN¥252.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥29.35bn | CN¥23.36bn | CN¥26.49bn | CN¥23.24bn | CN¥24.74bn | CN¥19.42bn | CN¥25.26bn | CN¥27.83bn |
| Gross profit | CN¥3.17bn | CN¥2.12bn | CN¥1.26bn | CN¥931.8m | CN¥1.41bn | CN¥1.50bn | CN¥732.8m | CN¥925.5m |
| Operating income | CN¥2.11bn | CN¥1.36bn | CN¥388.7m | −CN¥11.1m | CN¥717.7m | CN¥751.1m | CN¥284.5m | −CN¥189.4m |
| Net income | CN¥2.32bn | CN¥1.90bn | CN¥484.2m | CN¥452.1m | CN¥485.5m | CN¥611.0m | CN¥195.2m | −CN¥58.6m |
| Diluted earnings per share | 0.98 | 0.80 | 0.20 | 0.19 | 0.20 | 0.26 | 0.08 | -0.02 |
| Cash from operations | — | — | — | CN¥2.26bn | CN¥5.09bn | −CN¥5.39bn | CN¥4.41bn | CN¥7.23bn |
| Capital spending | −CN¥1.79bn | −CN¥1.19bn | −CN¥1.71bn | −CN¥2.00bn | −CN¥5.30bn | −CN¥1.80bn | −CN¥1.36bn | −CN¥2.11bn |
| Free cash flow | — | — | — | CN¥252.0m | −CN¥215.0m | −CN¥7.19bn | CN¥3.05bn | CN¥5.12bn |
| Total assets | CN¥122.68bn | CN¥120.89bn | CN¥113.52bn | CN¥113.95bn | CN¥111.90bn | CN¥110.19bn | CN¥104.39bn | CN¥110.44bn |
| Cash and short-term investments | — | — | — | CN¥15.18bn | CN¥14.55bn | CN¥14.43bn | CN¥13.91bn | CN¥17.86bn |
| Debt | CN¥15.11bn | CN¥19.00bn | CN¥17.15bn | CN¥42.04bn | CN¥51.49bn | CN¥59.71bn | CN¥42.99bn | CN¥56.14bn |
| Shareholders' equity | CN¥42.54bn | CN¥40.22bn | CN¥38.32bn | CN¥37.88bn | CN¥37.65bn | CN¥37.15bn | CN¥36.54bn | CN¥36.38bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.1% | 4.6% | 5.0% | 3.0% | 11.0% | 6.3% |
| Operating margin | 3.3% | 2.1% | 1.6% | -0.6% | 13.7% | 2.2% |
| Net margin | 2.2% | 1.2% | 1.0% | 0.2% | 12.6% | 6.2% |
| Return on equity | 5.3% | 3.3% | 2.2% | 0.4% | 20.8% | 11.1% |
| Return on assets | 1.8% | 1.2% | 0.8% | 0.1% | 10.7% | 6.0% |
| Free cash flow yield | 30.8% | 31.7% | 25.9% | 28.6% | 22.5% | 16.7% |
| Revenue growth | -7.3% | 22.6% | 33.3% | 4.8% | 29.1% | -9.4% |
| Earnings growth | 69.1% | 50.8% | 539.1% | -98.3% | 163.1% | -1.6% |
| Current ratio | 0.54x | 0.55x | 0.56x | 0.57x | 0.70x | 0.65x |
| Debt to equity | 0.45x | 1.18x | 1.38x | 1.10x | 0.59x | 0.49x |
| Equity ratio | 33.8% | 35.0% | 34.6% | 38.5% | 51.4% | 54.6% |
| Interest coverage | 2.58x | 1.37x | 1.14x | -0.48x | 13.34x | 1.54x |
| R&D as a share of sales | 1.9% | 1.9% | 2.1% | 2.7% | 2.5% | 2.3% |
| Buybacks as a share of market value | 0.1% | -0.1% | 0.7% | 1.4% | -31.9% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.8% | 15.4% | 15.7% |
| Operating income | — | 24.9% | 50.1% |
| Net income | 153.5% | -6.5% | 33.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.7% | 6.2% | 6.9% | 7.7% |
| Operating margin | 2.7% | 1.8% | 3.4% | 4.3% |
| Net margin | 1.7% | 1.2% | 3.3% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.1 | 23.3 | 45.1 | 277.0 | 6.9 | 13.3 | 9.5 | 8.5 | 15.7 | 15.7 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.6 | 0.9 | 0.8 | 0.5 | 0.4 | 0.8 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.043 | 0.33 | 0.13 | 0.235 | 0.12 | 0.10 | 0.20 | 0.036 |
- 7-for-5 split · 15 May 2018
- 2-for-1 split · 6 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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