M 
8.36
+0.12%
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¥38.09bn
FY2016FY2025
Net income
CN¥659.9m
FY2016FY2025
Free cash flow
−CN¥8.08bn
FY2016FY2025
Shareholders' equity
CN¥26.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥38.09bn | CN¥27.16bn | CN¥28.12bn | CN¥30.75bn | CN¥27.22bn | CN¥22.46bn | CN¥10.49bn | CN¥6.90bn | CN¥5.30bn | CN¥6.52bn |
| Gross profit | CN¥3.93bn | CN¥1.99bn | CN¥2.23bn | CN¥6.03bn | CN¥5.79bn | CN¥4.16bn | CN¥2.37bn | CN¥1.73bn | CN¥1.40bn | CN¥1.68bn |
| Research and development | CN¥769.7m | CN¥562.6m | CN¥604.4m | CN¥843.8m | CN¥872.4m | CN¥600.7m | CN¥298.0m | CN¥196.6m | CN¥262.3m | CN¥234.6m |
| Operating income | CN¥1.11bn | CN¥451.9m | CN¥383.6m | CN¥3.86bn | CN¥3.68bn | CN¥1.58bn | CN¥694.8m | CN¥461.5m | CN¥360.2m | CN¥460.0m |
| Net income | CN¥659.9m | CN¥346.1m | CN¥376.7m | CN¥3.44bn | CN¥3.16bn | CN¥1.37bn | CN¥712.6m | CN¥426.0m | CN¥356.0m | CN¥315.4m |
| Diluted earnings per share | 0.31 | 0.15 | 0.17 | 1.53 | 1.50 | 0.99 | 0.52 | 0.44 | 0.34 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥96.85bn | CN¥86.79bn | CN¥83.86bn | CN¥68.94bn | CN¥61.49bn | CN¥51.63bn | CN¥34.70bn | CN¥22.33bn | CN¥19.12bn | CN¥18.12bn |
| Cash and short-term investments | — | CN¥14.58bn | CN¥12.96bn | CN¥11.36bn | CN¥14.07bn | CN¥16.33bn | CN¥10.77bn | CN¥3.31bn | CN¥2.83bn | CN¥3.15bn |
| Total liabilities | CN¥69.46bn | CN¥59.53bn | CN¥55.41bn | CN¥40.57bn | CN¥43.00bn | CN¥36.54bn | CN¥27.60bn | CN¥17.44bn | CN¥14.87bn | CN¥14.42bn |
| Debt | — | CN¥20.90bn | CN¥18.17bn | CN¥10.22bn | CN¥17.88bn | CN¥13.98bn | CN¥11.70bn | CN¥8.81bn | CN¥7.94bn | CN¥7.33bn |
| Shareholders' equity | CN¥26.32bn | CN¥26.24bn | CN¥27.42bn | CN¥28.11bn | CN¥18.39bn | CN¥14.76bn | CN¥6.72bn | CN¥4.45bn | CN¥4.03bn | CN¥3.45bn |
| Shares outstanding | 2,149m | 2,315m | 2,257m | 2,257m | 2,102m | 1,387m | 1,383m | 976m | 1,052m | 1,052m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥5.54bn | −CN¥2.40bn | −CN¥2.59bn | −CN¥795.9m | CN¥5.40bn | CN¥3.63bn | CN¥5.76bn | CN¥276.3m | CN¥1.29bn | CN¥91.4m |
| Capital spending | −CN¥2.54bn | −CN¥5.65bn | −CN¥7.61bn | −CN¥8.01bn | −CN¥7.39bn | −CN¥3.31bn | −CN¥2.34bn | −CN¥1.73bn | −CN¥1.76bn | −CN¥801.6m |
| Free cash flow | −CN¥8.08bn | −CN¥8.05bn | −CN¥10.20bn | −CN¥8.81bn | −CN¥1.99bn | CN¥324.7m | CN¥3.42bn | −CN¥1.45bn | −CN¥468.9m | −CN¥710.2m |
| Dividends paid | −CN¥1.05bn | −CN¥1.15bn | −CN¥690.9m | −CN¥465.3m | −CN¥206.3m | −CN¥107.6m | −CN¥80.0m | −CN¥239.4m | −CN¥150.8m | −CN¥103.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.37bn | CN¥8.66bn | CN¥11.79bn | CN¥9.16bn | CN¥9.44bn | CN¥7.70bn | CN¥6.92bn | CN¥8.44bn |
| Gross profit | CN¥1.06bn | CN¥883.6m | CN¥914.2m | CN¥940.5m | CN¥1.06bn | CN¥1.02bn | −CN¥1.09bn | CN¥905.6m |
| Operating income | CN¥279.9m | CN¥159.5m | CN¥185.6m | CN¥252.4m | CN¥343.6m | CN¥349.0m | −CN¥536.4m | CN¥242.2m |
| Net income | CN¥86.5m | CN¥24.7m | −CN¥105.9m | CN¥155.8m | CN¥307.9m | CN¥302.1m | −CN¥462.4m | CN¥147.9m |
| Diluted earnings per share | 0.04 | 0.01 | -0.05 | 0.07 | 0.14 | 0.14 | -0.20 | 0.06 |
| Cash from operations | — | — | — | −CN¥1.35bn | −CN¥1.32bn | −CN¥2.00bn | — | CN¥97.0m |
| Capital spending | −CN¥360.0m | −CN¥442.0m | — | −CN¥562.0m | −CN¥1.50bn | −CN¥761.0m | −CN¥571.0m | −CN¥1.98bn |
| Free cash flow | — | — | — | −CN¥1.91bn | −CN¥2.82bn | −CN¥2.76bn | — | −CN¥1.88bn |
| Total assets | CN¥97.42bn | CN¥97.74bn | CN¥96.85bn | CN¥91.33bn | CN¥90.82bn | CN¥88.32bn | CN¥86.79bn | CN¥82.92bn |
| Cash and short-term investments | — | — | — | CN¥10.92bn | CN¥13.72bn | CN¥14.79bn | CN¥14.58bn | CN¥11.18bn |
| Debt | CN¥15.53bn | CN¥13.33bn | CN¥13.58bn | CN¥16.12bn | CN¥17.39bn | CN¥17.15bn | CN¥15.52bn | CN¥13.45bn |
| Shareholders' equity | CN¥26.10bn | CN¥26.38bn | CN¥26.32bn | CN¥26.39bn | CN¥26.22bn | CN¥26.56bn | CN¥26.24bn | CN¥27.03bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.3% | 7.3% | 7.9% | 19.6% | 21.3% | 18.5% |
| Operating margin | 2.9% | 1.7% | 1.4% | 12.6% | 13.5% | 7.0% |
| Net margin | 1.7% | 1.3% | 1.3% | 11.2% | 11.6% | 6.1% |
| Return on equity | 2.5% | 1.3% | 1.4% | 12.3% | 17.2% | 9.3% |
| Return on assets | 0.7% | 0.4% | 0.4% | 5.0% | 5.1% | 2.7% |
| Free cash flow yield | -14.6% | 14.7% | 23.3% | 33.4% | 63.6% | 52.3% |
| Revenue growth | 40.3% | -3.4% | -8.5% | 13.0% | 21.2% | 114.0% |
| Earnings growth | 90.7% | -8.1% | -89.1% | 9.1% | 129.8% | 92.8% |
| Current ratio | 1.15x | 1.28x | 1.15x | 1.25x | 1.13x | 1.22x |
| Debt to equity | 0.52x | 0.59x | 0.46x | 0.25x | -0.07x | 0.31x |
| Equity ratio | 27.2% | 30.2% | 32.7% | 40.8% | 29.9% | 28.6% |
| Interest coverage | 2.66x | 0.79x | 0.93x | 10.89x | 7.50x | 2.86x |
| R&D as a share of sales | 2.0% | 2.1% | 2.1% | 2.7% | 3.2% | 2.7% |
| Buybacks as a share of market value | 7.2% | -2.6% | 0.0% | -7.4% | -51.6% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.4% | 11.1% | 18.6% |
| Operating income | -34.1% | -6.9% | 9.6% |
| Net income | -42.4% | -13.6% | 6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.1% | 11.4% | 13.9% | 15.8% |
| Operating margin | 2.4% | 4.7% | 6.4% | 6.4% |
| Net margin | 1.5% | 3.9% | 5.4% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 47.1 | 84.4 | 75.1 | 16.6 | 17.4 | 19.1 | 23.9 |
| Price to sales | 0.8 | 1.1 | 1.0 | 1.9 | 2.0 | 1.2 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 8 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.185 | 0.304 | 0.304 | 0.304 | 0.221 | 0.106 | 0.078 | 0.058 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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