M 
2.61
-0.76%
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¥455.38bn
FY2016FY2025
Net income
CN¥1.32bn
FY2016FY2025
Free cash flow
CN¥9.05bn
FY2016FY2025
Shareholders' equity
CN¥155.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥455.38bn | CN¥552.02bn | CN¥633.87bn | CN¥592.67bn | CN¥500.57bn | CN¥400.11bn | CN¥338.64bn | CN¥289.53bn | CN¥244.00bn | CN¥219.56bn |
| Gross profit | CN¥45.93bn | CN¥51.64bn | CN¥60.05bn | CN¥57.02bn | CN¥52.90bn | CN¥45.19bn | CN¥38.87bn | CN¥35.97bn | CN¥31.22bn | CN¥27.43bn |
| Research and development | CN¥13.96bn | CN¥16.41bn | CN¥19.73bn | CN¥18.73bn | CN¥15.90bn | CN¥12.33bn | CN¥9.93bn | CN¥7.18bn | CN¥5.34bn | CN¥6.08bn |
| Operating income | CN¥5.71bn | CN¥13.23bn | CN¥16.41bn | CN¥18.03bn | CN¥14.16bn | CN¥15.23bn | CN¥14.64bn | CN¥9.83bn | CN¥12.61bn | CN¥9.80bn |
| Net income | CN¥1.32bn | CN¥6.75bn | CN¥8.67bn | CN¥10.28bn | CN¥8.37bn | CN¥7.86bn | CN¥6.60bn | CN¥6.37bn | CN¥6.06bn | CN¥5.38bn |
| Diluted earnings per share | 0.03 | 0.33 | 2.35 | 0.94 | 0.69 | 0.77 | 0.34 | 0.32 | 0.37 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥839.49bn | CN¥808.02bn | CN¥661.60bn | CN¥585.38bn | CN¥543.47bn | CN¥506.39bn | CN¥458.51bn | CN¥438.92bn | CN¥414.57bn | CN¥377.49bn |
| Cash and short-term investments | — | CN¥52.56bn | CN¥44.44bn | CN¥45.66bn | CN¥41.83bn | CN¥55.35bn | CN¥45.84bn | CN¥45.60bn | CN¥43.75bn | CN¥44.86bn |
| Total liabilities | CN¥655.93bn | CN¥625.68bn | CN¥493.61bn | CN¥423.48bn | CN¥392.08bn | CN¥366.04bn | CN¥341.60bn | CN¥336.25bn | CN¥317.24bn | CN¥294.38bn |
| Debt | — | CN¥127.15bn | CN¥91.69bn | CN¥70.69bn | CN¥97.72bn | CN¥98.28bn | CN¥116.13bn | CN¥122.27bn | CN¥110.64bn | CN¥113.12bn |
| Shareholders' equity | CN¥155.76bn | CN¥153.04bn | CN¥98.08bn | CN¥121.11bn | CN¥107.49bn | CN¥97.89bn | CN¥97.95bn | CN¥83.94bn | CN¥82.50bn | CN¥70.55bn |
| Shares outstanding | 50,172m | 20,724m | 3,696m | 10,987m | 12,184m | 10,147m | 19,187m | 20,136m | 16,353m | 13,531m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥15.32bn | CN¥7.85bn | CN¥5.89bn | CN¥18.15bn | CN¥17.64bn | CN¥28.03bn | CN¥17.58bn | CN¥14.05bn | CN¥18.42bn | CN¥18.56bn |
| Capital spending | −CN¥6.28bn | −CN¥6.86bn | −CN¥4.60bn | −CN¥4.31bn | −CN¥3.55bn | −CN¥3.74bn | −CN¥4.11bn | −CN¥5.60bn | −CN¥4.08bn | −CN¥3.11bn |
| Free cash flow | CN¥9.05bn | CN¥985.1m | CN¥1.30bn | CN¥13.84bn | CN¥14.09bn | CN¥24.29bn | CN¥13.47bn | CN¥8.45bn | CN¥14.34bn | CN¥15.44bn |
| Dividends paid | −CN¥6.54bn | −CN¥7.32bn | −CN¥1.72bn | −CN¥1.62bn | −CN¥1.55bn | −CN¥1.49bn | −CN¥1.45bn | −CN¥8.56bn | −CN¥6.48bn | −CN¥7.02bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥83.70bn | CN¥92.20bn | CN¥120.29bn | CN¥97.56bn | CN¥115.26bn | CN¥122.27bn | CN¥139.41bn | CN¥113.78bn |
| Gross profit | CN¥9.31bn | CN¥7.93bn | CN¥12.44bn | CN¥10.24bn | CN¥12.45bn | CN¥10.80bn | CN¥14.33bn | CN¥11.45bn |
| Operating income | CN¥3.55bn | CN¥2.61bn | CN¥2.35bn | CN¥1.82bn | CN¥2.69bn | CN¥3.15bn | CN¥2.12bn | CN¥3.55bn |
| Net income | CN¥693.4m | CN¥1.63bn | −CN¥2.65bn | CN¥870.9m | CN¥1.49bn | CN¥1.61bn | −CN¥84.8m | CN¥2.68bn |
| Diluted earnings per share | 0.01 | 0.03 | -0.05 | 0.02 | 0.03 | 0.03 | -0.00 | 0.13 |
| Cash from operations | — | — | — | CN¥2.52bn | CN¥3.71bn | −CN¥25.69bn | CN¥38.58bn | −CN¥2.31bn |
| Capital spending | −CN¥1.14bn | −CN¥885.0m | −CN¥3.78bn | −CN¥480.0m | −CN¥1.19bn | −CN¥824.0m | −CN¥4.94bn | −CN¥390.0m |
| Free cash flow | — | — | — | CN¥2.04bn | CN¥2.52bn | −CN¥26.52bn | CN¥33.65bn | −CN¥2.70bn |
| Total assets | CN¥806.79bn | CN¥825.44bn | CN¥839.49bn | CN¥873.01bn | CN¥857.41bn | CN¥832.04bn | CN¥808.02bn | CN¥725.01bn |
| Cash and short-term investments | — | — | — | CN¥51.53bn | CN¥53.06bn | CN¥50.20bn | CN¥52.56bn | CN¥33.66bn |
| Debt | CN¥47.99bn | CN¥51.27bn | CN¥43.45bn | CN¥98.66bn | CN¥110.57bn | CN¥120.60bn | CN¥78.17bn | CN¥125.16bn |
| Shareholders' equity | CN¥156.68bn | CN¥157.28bn | CN¥155.76bn | CN¥104.41bn | CN¥151.13bn | CN¥143.60bn | CN¥153.04bn | CN¥153.87bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.1% | 9.4% | 9.5% | 9.6% | 10.6% | 11.3% |
| Operating margin | 1.3% | 2.4% | 2.6% | 3.0% | 2.8% | 3.8% |
| Net margin | 0.3% | 1.2% | 1.4% | 1.7% | 1.7% | 2.0% |
| Return on equity | 0.8% | 4.4% | 8.8% | 8.5% | 7.8% | 8.0% |
| Return on assets | 0.2% | 0.8% | 1.3% | 1.8% | 1.5% | 1.6% |
| Free cash flow yield | 16.6% | 27.4% | 109.6% | 79.0% | 67.2% | 120.9% |
| Revenue growth | -17.5% | -12.9% | 7.0% | 18.4% | 25.1% | 18.2% |
| Earnings growth | -80.4% | -22.2% | -15.6% | 22.7% | 6.5% | 19.1% |
| Current ratio | 1.05x | 1.05x | 1.08x | 1.14x | 1.15x | 1.17x |
| Debt to equity | 0.28x | 0.51x | 0.67x | 0.82x | 0.91x | 1.00x |
| Equity ratio | 18.6% | 18.9% | 14.8% | 20.7% | 19.8% | 19.3% |
| Interest coverage | 1.56x | 3.33x | 6.21x | 6.85x | 4.21x | 4.60x |
| R&D as a share of sales | 3.1% | 3.0% | 3.1% | 3.2% | 3.2% | 3.1% |
| Buybacks as a share of market value | -142.1% | -460.7% | 66.4% | 9.8% | -20.1% | 47.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.4% | 2.6% | 7.7% |
| Operating income | -31.8% | -17.8% | -0.4% |
| Net income | -49.5% | -30.0% | -12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.7% | 9.6% | 10.0% | 10.7% |
| Operating margin | 1.9% | 2.4% | 2.6% | 3.1% |
| Net margin | 0.8% | 1.2% | 1.4% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 112.7 | 10.1 | 1.3 | 3.4 | 5.6 | 3.5 | 8.1 | 9.8 | 13.1 | 11.7 |
| Price to sales | 0.3 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 21 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.056 | 0.072 | 0.083 | 0.078 | 0.075 | 0.072 | 0.07 | 0.068 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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