N 
12.36
-1.98%
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¥14.36bn
FY2016FY2025
Net income
CN¥1.27bn
FY2016FY2025
Free cash flow
CN¥831.9m
FY2016FY2025
Shareholders' equity
CN¥11.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.36bn | CN¥14.60bn | CN¥11.46bn | CN¥9.10bn | CN¥7.02bn | CN¥7.09bn | CN¥6.81bn | CN¥5.87bn | CN¥5.37bn | CN¥4.92bn |
| Gross profit | CN¥4.02bn | CN¥5.02bn | CN¥3.86bn | CN¥2.61bn | CN¥1.76bn | CN¥2.03bn | CN¥1.95bn | CN¥1.70bn | CN¥1.79bn | CN¥1.61bn |
| Research and development | CN¥607.3m | CN¥523.3m | CN¥470.8m | CN¥327.0m | CN¥294.0m | CN¥312.8m | CN¥325.0m | CN¥268.0m | CN¥205.9m | CN¥178.0m |
| Operating income | CN¥1.61bn | CN¥2.63bn | CN¥2.27bn | CN¥1.15bn | CN¥851.2m | CN¥1.19bn | CN¥1.21bn | CN¥640.7m | CN¥891.6m | CN¥735.1m |
| Net income | CN¥1.27bn | CN¥2.26bn | CN¥1.90bn | CN¥948.1m | CN¥690.0m | CN¥956.1m | CN¥1.00bn | CN¥508.1m | CN¥890.6m | CN¥794.2m |
| Diluted earnings per share | 0.92 | 1.61 | 1.37 | 0.68 | 0.51 | 0.70 | 0.76 | 0.35 | 0.62 | 0.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥25.79bn | CN¥24.48bn | CN¥21.51bn | CN¥16.23bn | CN¥14.87bn | CN¥13.70bn | CN¥13.61bn | CN¥14.32bn | CN¥12.71bn | CN¥11.64bn |
| Cash and short-term investments | — | CN¥5.37bn | CN¥5.51bn | CN¥2.96bn | CN¥3.08bn | CN¥2.60bn | CN¥2.09bn | CN¥1.97bn | CN¥1.58bn | CN¥3.05bn |
| Total liabilities | CN¥14.01bn | CN¥12.20bn | CN¥10.36bn | CN¥6.61bn | CN¥5.93bn | CN¥4.91bn | CN¥5.53bn | CN¥6.82bn | CN¥5.13bn | CN¥4.71bn |
| Debt | — | CN¥5.22bn | CN¥4.37bn | CN¥2.06bn | CN¥2.41bn | CN¥2.04bn | CN¥1.76bn | CN¥2.11bn | CN¥2.15bn | CN¥1.87bn |
| Shareholders' equity | CN¥11.53bn | CN¥12.08bn | CN¥11.01bn | CN¥9.51bn | CN¥8.87bn | CN¥8.62bn | CN¥8.04bn | CN¥7.46bn | CN¥7.52bn | CN¥6.85bn |
| Shares outstanding | 1,391m | 1,400m | 1,392m | 1,387m | 1,350m | 1,369m | 1,324m | 1,467m | 1,441m | 1,424m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.77bn | CN¥1.84bn | CN¥1.90bn | CN¥1.22bn | CN¥198.9m | CN¥1.23bn | CN¥924.6m | CN¥445.0m | CN¥933.5m | CN¥881.8m |
| Capital spending | −CN¥939.5m | −CN¥1.04bn | −CN¥555.9m | −CN¥403.9m | −CN¥295.2m | −CN¥206.4m | −CN¥184.0m | −CN¥316.5m | −CN¥216.0m | −CN¥280.6m |
| Free cash flow | CN¥831.9m | CN¥791.6m | CN¥1.35bn | CN¥818.7m | −CN¥96.3m | CN¥1.02bn | CN¥740.6m | CN¥128.5m | CN¥717.5m | CN¥601.3m |
| Dividends paid | −CN¥1.99bn | −CN¥953.1m | −CN¥512.1m | −CN¥450.8m | −CN¥485.3m | −CN¥291.2m | −CN¥416.0m | −CN¥685.5m | −CN¥614.3m | −CN¥136.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.03bn | CN¥3.24bn | CN¥3.28bn | CN¥3.11bn | CN¥4.34bn | CN¥3.63bn | CN¥4.17bn | CN¥3.44bn |
| Gross profit | CN¥992.8m | CN¥810.0m | CN¥862.0m | CN¥843.6m | CN¥1.22bn | CN¥1.05bn | CN¥1.24bn | CN¥1.37bn |
| Operating income | CN¥385.3m | CN¥232.8m | CN¥184.3m | CN¥122.1m | CN¥587.0m | CN¥567.1m | CN¥508.5m | CN¥761.1m |
| Net income | CN¥378.5m | CN¥167.3m | −CN¥253.9m | CN¥298.1m | CN¥740.4m | CN¥489.3m | CN¥443.8m | CN¥665.7m |
| Diluted earnings per share | 0.27 | 0.12 | -0.18 | 0.21 | 0.53 | 0.35 | 0.32 | 0.48 |
| Cash from operations | — | — | — | CN¥545.0m | CN¥89.0m | −CN¥144.0m | — | CN¥800.0m |
| Capital spending | −CN¥167.0m | −CN¥127.0m | −CN¥331.0m | −CN¥104.0m | −CN¥229.0m | −CN¥273.0m | −CN¥334.0m | −CN¥322.0m |
| Free cash flow | — | — | — | CN¥441.0m | −CN¥140.0m | −CN¥417.0m | — | CN¥478.0m |
| Total assets | CN¥23.49bn | CN¥25.36bn | CN¥25.79bn | CN¥24.16bn | CN¥23.25bn | CN¥24.53bn | CN¥24.48bn | CN¥21.31bn |
| Cash and short-term investments | — | — | — | CN¥3.08bn | CN¥2.80bn | CN¥5.04bn | CN¥5.37bn | CN¥2.65bn |
| Debt | CN¥822.5m | CN¥4.75bn | CN¥5.07bn | CN¥2.48bn | CN¥1.05bn | CN¥2.89bn | CN¥3.18bn | CN¥545.0m |
| Shareholders' equity | CN¥11.73bn | CN¥11.69bn | CN¥11.53bn | CN¥12.42bn | CN¥12.16bn | CN¥12.59bn | CN¥12.08bn | CN¥11.70bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.0% | 34.4% | 33.7% | 28.7% | 25.1% | 28.6% |
| Operating margin | 11.2% | 18.0% | 19.8% | 12.7% | 12.1% | 16.8% |
| Net margin | 8.9% | 15.5% | 16.6% | 10.4% | 9.8% | 13.5% |
| Return on equity | 11.1% | 18.7% | 17.3% | 10.0% | 7.8% | 11.1% |
| Return on assets | 4.9% | 9.2% | 8.8% | 5.8% | 4.6% | 7.0% |
| Free cash flow yield | 13.7% | 14.4% | 12.4% | 8.2% | 2.6% | 7.4% |
| Revenue growth | -1.6% | 27.4% | 26.0% | 29.6% | -1.0% | 4.2% |
| Earnings growth | -43.6% | 18.7% | 100.8% | 37.4% | -27.8% | -4.8% |
| Current ratio | 1.88x | 1.77x | 1.78x | 1.45x | 1.63x | 1.60x |
| Debt to equity | 0.44x | 0.26x | 0.22x | 0.09x | 0.19x | 0.15x |
| Equity ratio | 44.7% | 49.4% | 51.2% | 58.6% | 59.7% | 62.9% |
| Interest coverage | 12.95x | 21.49x | 43.04x | 14.61x | 9.40x | 32.03x |
| R&D as a share of sales | 4.2% | 3.6% | 4.1% | 3.6% | 4.2% | 4.4% |
| Buybacks as a share of market value | 0.6% | -0.6% | -0.4% | -2.7% | 1.4% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.4% | 15.2% | 13.2% |
| Operating income | 11.8% | 6.2% | 9.7% |
| Net income | 10.3% | 5.9% | 8.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.2% | 31.3% | 30.3% | 30.6% |
| Operating margin | 14.7% | 15.5% | 15.3% | 15.2% |
| Net margin | 12.2% | 12.9% | 12.6% | 13.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.2 | 19.1 | 15.0 | 19.7 | 31.9 | 9.5 | 9.8 | 16.3 | 15.7 | 20.6 |
| Price to sales | 2.2 | 3.0 | 2.5 | 2.0 | 3.1 | 1.3 | 1.4 | 1.4 | 2.6 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 20 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.375 | 0.65 | 0.35 | 0.32 | 0.35 | 0.21 | 0.30 | 0.30 |
- 5-for-2 split · 17 Jun 2015
- 3-for-2 split · 29 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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