P 
7.86
+1.42%
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¥20.53bn
FY2016FY2025
Net income
CN¥231.3m
FY2016FY2025
Free cash flow
−CN¥4.26bn
FY2016FY2025
Shareholders' equity
CN¥24.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.53bn | CN¥30.28bn | CN¥31.63bn | CN¥36.04bn | CN¥29.70bn | CN¥22.40bn | CN¥23.65bn | CN¥20.83bn | CN¥20.74bn | CN¥15.36bn |
| Research and development | CN¥664.1m | CN¥1.43bn | CN¥710.4m | CN¥660.4m | CN¥559.9m | CN¥486.0m | CN¥404.2m | CN¥323.9m | CN¥303.1m | CN¥205.6m |
| Operating income | CN¥1.46bn | CN¥3.53bn | CN¥5.74bn | CN¥8.39bn | CN¥4.32bn | CN¥2.45bn | CN¥2.72bn | CN¥2.26bn | CN¥1.68bn | CN¥878.6m |
| Net income | CN¥231.3m | CN¥2.35bn | CN¥4.01bn | CN¥5.74bn | CN¥2.92bn | CN¥1.39bn | CN¥1.15bn | CN¥714.7m | CN¥1.38bn | CN¥839.9m |
| Diluted earnings per share | 0.10 | 0.88 | 1.73 | 2.48 | 1.26 | 0.60 | 0.46 | 0.30 | 0.58 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥80.97bn | CN¥76.66bn | CN¥77.69bn | CN¥74.16bn | CN¥63.92bn | CN¥53.52bn | CN¥54.26bn | CN¥48.96bn | CN¥43.05bn | CN¥38.14bn |
| Cash and short-term investments | — | CN¥9.31bn | CN¥14.29bn | CN¥14.08bn | CN¥8.90bn | CN¥7.66bn | CN¥10.95bn | CN¥11.63bn | CN¥7.92bn | CN¥5.38bn |
| Total liabilities | CN¥52.75bn | CN¥47.37bn | CN¥48.58bn | CN¥49.38bn | CN¥44.70bn | CN¥35.75bn | CN¥37.96bn | CN¥34.25bn | CN¥29.35bn | CN¥26.58bn |
| Debt | CN¥14.92bn | CN¥20.60bn | CN¥18.80bn | CN¥18.41bn | CN¥12.25bn | CN¥15.14bn | CN¥17.25bn | CN¥14.72bn | CN¥14.75bn | CN¥14.43bn |
| Shareholders' equity | CN¥24.70bn | CN¥26.16bn | CN¥26.75bn | CN¥21.76bn | CN¥16.79bn | CN¥15.62bn | CN¥14.33bn | CN¥12.87bn | CN¥11.97bn | CN¥10.89bn |
| Shares outstanding | 2,337m | 2,672m | 2,323m | 2,315m | 2,315m | 2,293m | 2,504m | 2,362m | 2,361m | 2,410m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.51bn | CN¥5.72bn | CN¥6.19bn | CN¥10.92bn | CN¥8.44bn | CN¥2.61bn | CN¥1.77bn | CN¥2.75bn | CN¥2.72bn | CN¥3.51bn |
| Capital spending | −CN¥5.77bn | −CN¥6.12bn | −CN¥6.86bn | −CN¥8.53bn | −CN¥3.57bn | −CN¥3.85bn | −CN¥2.33bn | −CN¥1.00bn | −CN¥1.30bn | −CN¥1.32bn |
| Free cash flow | −CN¥4.26bn | −CN¥399.3m | −CN¥668.3m | CN¥2.39bn | CN¥4.87bn | −CN¥1.24bn | −CN¥557.8m | CN¥1.75bn | CN¥1.41bn | CN¥2.19bn |
| Dividends paid | −CN¥2.50bn | −CN¥3.69bn | −CN¥3.42bn | −CN¥1.76bn | −CN¥833.5m | −CN¥692.4m | −CN¥11.9m | −CN¥1.00bn | −CN¥959.2m | −CN¥841.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.94bn | CN¥6.34bn | CN¥5.72bn | CN¥4.70bn | CN¥4.72bn | CN¥5.40bn | CN¥6.96bn | CN¥7.06bn |
| Operating income | CN¥465.2m | CN¥509.7m | CN¥295.7m | CN¥310.9m | CN¥148.3m | CN¥260.6m | CN¥432.2m | CN¥993.6m |
| Net income | CN¥196.6m | CN¥120.1m | −CN¥48.4m | CN¥21.8m | CN¥106.1m | CN¥151.8m | CN¥304.6m | CN¥652.3m |
| Diluted earnings per share | 0.08 | 0.05 | -0.02 | 0.01 | 0.05 | 0.06 | 0.11 | 0.24 |
| Cash from operations | — | — | — | −CN¥165.0m | −CN¥71.0m | CN¥474.0m | — | CN¥1.31bn |
| Capital spending | −CN¥1.13bn | −CN¥1.73bn | −CN¥1.16bn | −CN¥1.71bn | −CN¥1.21bn | −CN¥1.69bn | −CN¥2.59bn | −CN¥1.06bn |
| Free cash flow | — | — | — | −CN¥1.87bn | −CN¥1.28bn | −CN¥1.22bn | — | CN¥249.0m |
| Total assets | CN¥84.85bn | CN¥84.45bn | CN¥80.97bn | CN¥83.51bn | CN¥83.79bn | CN¥82.46bn | CN¥76.66bn | CN¥73.83bn |
| Cash and short-term investments | — | — | — | CN¥11.88bn | CN¥13.61bn | CN¥12.27bn | CN¥9.31bn | CN¥11.37bn |
| Debt | CN¥16.00bn | CN¥17.11bn | CN¥14.92bn | CN¥26.69bn | CN¥23.42bn | CN¥38.97bn | CN¥20.59bn | CN¥17.93bn |
| Shareholders' equity | CN¥25.21bn | CN¥25.05bn | CN¥24.70bn | CN¥23.17bn | CN¥27.00bn | CN¥26.71bn | CN¥26.16bn | CN¥27.86bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.1% | 11.7% | 18.1% | 23.3% | 14.6% | 10.9% |
| Net margin | 1.1% | 7.8% | 12.7% | 15.9% | 9.8% | 6.2% |
| Return on equity | 0.9% | 9.0% | 15.0% | 26.4% | 17.4% | 8.9% |
| Return on assets | 0.3% | 3.1% | 5.2% | 7.7% | 4.6% | 2.6% |
| Free cash flow yield | 35.2% | 50.2% | 63.6% | 95.1% | 58.7% | 31.9% |
| Revenue growth | -32.2% | -4.3% | -12.3% | 21.4% | 32.6% | -5.3% |
| Earnings growth | -90.2% | -41.4% | -30.1% | 96.4% | 110.6% | 20.3% |
| Current ratio | 0.43x | 0.48x | 0.66x | 0.53x | 0.49x | 0.52x |
| Debt to equity | 0.60x | 0.79x | 0.69x | 0.48x | 0.54x | 0.82x |
| Equity ratio | 30.5% | 34.1% | 34.4% | 29.3% | 26.3% | 29.2% |
| Interest coverage | 1.35x | 2.47x | 3.83x | 6.75x | 3.82x | 1.81x |
| R&D as a share of sales | 3.2% | 4.7% | 2.2% | 1.8% | 1.9% | 2.2% |
| Buybacks as a share of market value | 12.5% | -15.0% | -0.4% | -0.0% | -0.9% | 8.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.1% | -1.7% | 5.1% |
| Operating income | -44.2% | -9.9% | — |
| Net income | -65.7% | -30.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.8% | 16.1% | 15.2% | 12.1% |
| Net margin | 5.1% | 10.4% | 9.8% | 7.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 79.5 | 11.4 | 6.7 | 4.4 | 6.6 | 9.8 | 8.7 | 11.6 | 10.8 | 14.0 |
| Price to sales | 0.9 | 0.9 | 0.8 | 0.7 | 0.7 | 0.6 | 0.4 | 0.4 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 30 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.60 | 0.99 | 0.87 | 0.76 | 0.36 | 0.302 | 0.026 |
- 13-for-10 split · 20 Jun 2011
- 13-for-10 split · 18 Jun 2010
- 13-for-10 split · 24 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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