N 
3.86
-0.26%
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¥21.47bn
FY2016FY2025
Net income
CN¥235.9m
FY2016FY2025
Free cash flow
−CN¥268.0m
FY2016FY2025
Shareholders' equity
CN¥4.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥21.47bn | CN¥21.06bn | CN¥22.67bn | CN¥21.87bn | CN¥21.32bn | CN¥19.80bn | CN¥18.56bn | CN¥15.54bn | CN¥14.75bn | CN¥13.70bn |
| Gross profit | CN¥2.00bn | CN¥2.01bn | CN¥2.00bn | CN¥1.73bn | CN¥1.72bn | CN¥1.53bn | CN¥1.48bn | CN¥1.31bn | CN¥1.02bn | CN¥1.03bn |
| Research and development | CN¥455.7m | CN¥514.5m | CN¥552.8m | CN¥510.8m | CN¥510.0m | CN¥354.4m | CN¥234.9m | CN¥165.8m | CN¥35.2m | CN¥15.0m |
| Operating income | CN¥824.0m | CN¥390.0m | CN¥384.9m | CN¥421.6m | CN¥504.8m | CN¥332.7m | CN¥325.3m | CN¥317.0m | CN¥323.6m | CN¥252.1m |
| Net income | CN¥235.9m | CN¥308.3m | CN¥329.4m | CN¥348.6m | CN¥415.7m | CN¥279.6m | CN¥240.3m | CN¥219.5m | CN¥213.9m | CN¥195.4m |
| Diluted earnings per share | 0.20 | 0.27 | 0.29 | 0.29 | 0.39 | 0.23 | 0.25 | 0.22 | 0.22 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥32.04bn | CN¥32.04bn | CN¥28.52bn | CN¥24.77bn | CN¥20.83bn | CN¥18.62bn | CN¥15.77bn | CN¥14.59bn | CN¥13.91bn | CN¥13.03bn |
| Cash and short-term investments | — | CN¥5.55bn | CN¥5.20bn | CN¥3.72bn | CN¥2.60bn | CN¥2.59bn | CN¥2.18bn | CN¥2.20bn | CN¥2.34bn | CN¥1.72bn |
| Total liabilities | CN¥26.92bn | CN¥26.60bn | CN¥23.25bn | CN¥19.27bn | CN¥16.59bn | CN¥14.83bn | CN¥12.52bn | CN¥11.56bn | CN¥11.20bn | CN¥10.48bn |
| Debt | CN¥2.99bn | CN¥5.52bn | CN¥4.48bn | CN¥4.05bn | CN¥3.46bn | CN¥2.65bn | CN¥3.33bn | CN¥4.05bn | CN¥4.25bn | CN¥3.91bn |
| Shareholders' equity | CN¥4.59bn | CN¥4.98bn | CN¥4.80bn | CN¥5.07bn | CN¥3.87bn | CN¥3.57bn | CN¥2.89bn | CN¥2.73bn | CN¥2.58bn | CN¥2.44bn |
| Shares outstanding | 1,183m | 1,142m | 1,137m | 1,184m | 1,064m | 1,237m | 976m | 976m | 976m | 976m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥227.9m | CN¥37.0m | CN¥1.16bn | CN¥1.01bn | −CN¥907.5m | CN¥969.6m | CN¥1.14bn | CN¥1.02bn | CN¥484.8m | CN¥399.6m |
| Capital spending | −CN¥40.1m | −CN¥117.1m | −CN¥125.1m | −CN¥159.7m | −CN¥164.3m | −CN¥221.5m | −CN¥257.5m | −CN¥185.1m | −CN¥316.7m | −CN¥47.4m |
| Free cash flow | −CN¥268.0m | −CN¥80.1m | CN¥1.03bn | CN¥852.0m | −CN¥1.07bn | CN¥748.1m | CN¥881.5m | CN¥839.8m | CN¥168.0m | CN¥352.2m |
| Dividends paid | −CN¥386.0m | −CN¥366.2m | −CN¥338.9m | −CN¥130.4m | −CN¥97.6m | −CN¥97.6m | −CN¥68.3m | −CN¥303.0m | −CN¥280.7m | −CN¥234.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.69bn | CN¥5.01bn | CN¥7.89bn | CN¥4.40bn | CN¥4.11bn | CN¥5.06bn | CN¥6.67bn | CN¥4.37bn |
| Gross profit | CN¥482.6m | CN¥356.3m | CN¥757.9m | CN¥394.6m | CN¥453.9m | CN¥394.2m | CN¥638.4m | CN¥489.9m |
| Operating income | CN¥197.4m | CN¥91.9m | CN¥354.5m | CN¥77.5m | CN¥60.1m | CN¥97.5m | CN¥92.8m | CN¥125.6m |
| Net income | CN¥65.7m | CN¥185.2m | CN¥53.5m | CN¥52.1m | CN¥54.9m | CN¥75.5m | CN¥88.8m | CN¥75.7m |
| Diluted earnings per share | 0.06 | 0.16 | 0.05 | 0.04 | 0.05 | 0.06 | 0.08 | 0.07 |
| Cash from operations | — | — | — | −CN¥582.0m | CN¥630.0m | −CN¥1.87bn | CN¥1.82bn | −CN¥198.0m |
| Capital spending | −CN¥36.0m | −CN¥10.0m | −CN¥26.0m | −CN¥4.0m | −CN¥3.0m | −CN¥5.0m | −CN¥56.0m | −CN¥38.0m |
| Free cash flow | — | — | — | −CN¥586.0m | CN¥627.0m | −CN¥1.87bn | CN¥1.76bn | −CN¥236.0m |
| Total assets | CN¥40.38bn | CN¥40.35bn | CN¥32.04bn | CN¥30.65bn | CN¥31.15bn | CN¥30.59bn | CN¥32.04bn | CN¥30.19bn |
| Cash and short-term investments | — | — | — | CN¥4.58bn | CN¥5.40bn | CN¥4.77bn | CN¥5.55bn | CN¥4.37bn |
| Debt | CN¥3.84bn | CN¥3.99bn | CN¥2.99bn | CN¥6.09bn | CN¥7.86bn | CN¥7.14bn | CN¥5.33bn | CN¥5.31bn |
| Shareholders' equity | CN¥6.27bn | CN¥6.28bn | CN¥4.59bn | CN¥4.54bn | CN¥5.01bn | CN¥5.06bn | CN¥4.98bn | CN¥4.89bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.3% | 9.6% | 8.8% | 7.9% | 8.1% | 7.7% |
| Operating margin | 2.6% | 3.1% | 2.6% | 2.9% | 3.2% | 2.6% |
| Net margin | 1.1% | 1.5% | 1.5% | 1.6% | 2.0% | 1.4% |
| Return on equity | 5.1% | 6.2% | 6.9% | 6.9% | 10.7% | 7.8% |
| Return on assets | 0.7% | 1.0% | 1.2% | 1.4% | 2.0% | 1.5% |
| Free cash flow yield | -3.7% | 3.2% | 26.6% | 23.3% | -16.5% | 22.7% |
| Revenue growth | 1.9% | -7.1% | 3.7% | 2.6% | 7.7% | 6.7% |
| Earnings growth | -23.5% | -6.4% | -5.5% | -16.2% | 48.7% | 16.4% |
| Current ratio | 0.96x | 1.00x | 1.02x | 1.11x | 1.06x | 1.12x |
| Debt to equity | 0.65x | 1.07x | 0.93x | 0.24x | 0.89x | 0.74x |
| Equity ratio | 14.3% | 15.6% | 16.8% | 20.5% | 18.6% | 19.2% |
| Interest coverage | 2.24x | 2.48x | 2.90x | 3.02x | 4.03x | 3.02x |
| R&D as a share of sales | 2.1% | 2.4% | 2.4% | 2.3% | 2.4% | 1.8% |
| Buybacks as a share of market value | -3.6% | -0.4% | 4.0% | -11.3% | 14.0% | -26.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.6% | 1.6% | 4.9% |
| Operating income | 25.0% | 19.9% | 12.9% |
| Net income | -12.2% | -3.3% | 2.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.4% | 8.9% | 8.6% | 8.4% |
| Operating margin | 2.9% | 2.3% | 2.2% | 2.1% |
| Net margin | 1.3% | 1.4% | 1.5% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | 16.4 | 14.3 | 14.7 | 9.5 | 17.6 | 15.5 | 13.8 | 20.6 | 33.3 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 10 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.10 | 0.10 | 0.10 | 0.12 | 0.10 | 0.10 | 0.07 |
- 2-for-1 split · 24 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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