F 
9.23
-2.84%
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¥15.57bn
FY2016FY2025
Net income
CN¥955.2m
FY2016FY2025
Free cash flow
CN¥47.1m
FY2016FY2025
Shareholders' equity
CN¥22.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.57bn | CN¥16.02bn | CN¥18.45bn | CN¥15.46bn | CN¥8.71bn | CN¥6.26bn | CN¥4.81bn | CN¥3.04bn | CN¥2.97bn | CN¥2.95bn |
| Gross profit | CN¥2.55bn | CN¥2.41bn | CN¥4.02bn | CN¥3.41bn | CN¥3.09bn | CN¥2.66bn | CN¥1.52bn | CN¥791.4m | CN¥826.1m | CN¥1.09bn |
| Research and development | CN¥386.4m | CN¥518.5m | CN¥511.6m | CN¥523.2m | CN¥408.4m | CN¥284.7m | CN¥204.2m | CN¥113.2m | CN¥96.1m | CN¥103.2m |
| Operating income | CN¥1.52bn | CN¥968.8m | CN¥3.05bn | CN¥2.16bn | CN¥2.38bn | CN¥1.93bn | CN¥967.8m | CN¥458.1m | CN¥527.4m | CN¥797.4m |
| Net income | CN¥955.2m | CN¥862.9m | CN¥2.37bn | CN¥2.12bn | CN¥2.12bn | CN¥1.63bn | CN¥717.2m | CN¥410.9m | CN¥429.5m | CN¥606.0m |
| Diluted earnings per share | 0.41 | 0.37 | 1.01 | 0.99 | 0.99 | 0.73 | 0.39 | 0.23 | 0.24 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥42.70bn | CN¥42.92bn | CN¥42.98bn | CN¥32.38bn | CN¥20.08bn | CN¥12.27bn | CN¥9.39bn | CN¥6.95bn | CN¥5.96bn | CN¥4.47bn |
| Cash and short-term investments | CN¥5.01bn | CN¥5.96bn | CN¥6.85bn | CN¥2.98bn | CN¥3.04bn | CN¥1.55bn | CN¥479.1m | CN¥528.8m | CN¥949.6m | CN¥741.4m |
| Total liabilities | CN¥20.25bn | CN¥21.14bn | CN¥20.69bn | CN¥18.35bn | CN¥8.27bn | CN¥5.03bn | CN¥4.88bn | CN¥3.28bn | CN¥2.71bn | CN¥1.51bn |
| Debt | CN¥15.08bn | CN¥15.04bn | CN¥14.99bn | CN¥12.81bn | CN¥5.19bn | CN¥2.95bn | CN¥1.95bn | CN¥1.66bn | CN¥1.07bn | CN¥392.1m |
| Shareholders' equity | CN¥22.03bn | CN¥21.70bn | CN¥22.22bn | CN¥14.03bn | CN¥11.81bn | CN¥7.23bn | CN¥4.51bn | CN¥3.67bn | CN¥3.25bn | CN¥2.96bn |
| Shares outstanding | 2,329m | 2,323m | 2,349m | 2,144m | 2,143m | 2,245m | 1,844m | 1,765m | 1,800m | 1,800m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.85bn | CN¥5.07bn | CN¥1.97bn | CN¥176.9m | CN¥579.7m | CN¥1.70bn | CN¥510.2m | CN¥397.7m | CN¥299.8m | CN¥1.04bn |
| Capital spending | −CN¥2.81bn | −CN¥4.19bn | −CN¥5.61bn | −CN¥8.07bn | −CN¥3.77bn | −CN¥1.95bn | −CN¥1.30bn | −CN¥1.25bn | −CN¥543.4m | −CN¥395.0m |
| Free cash flow | CN¥47.1m | CN¥880.6m | −CN¥3.65bn | −CN¥7.89bn | −CN¥3.19bn | −CN¥249.0m | −CN¥791.5m | −CN¥852.3m | −CN¥243.6m | CN¥646.9m |
| Dividends paid | −CN¥335.8m | −CN¥1.35bn | −CN¥944.1m | −CN¥741.2m | −CN¥413.9m | −CN¥244.6m | −CN¥229.8m | −CN¥6.5m | −CN¥124.2m | −CN¥261.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.98bn | CN¥3.64bn | CN¥3.06bn | CN¥4.72bn | CN¥3.66bn | CN¥3.50bn | CN¥3.50bn | CN¥3.35bn |
| Gross profit | −CN¥35.2m | CN¥525.7m | CN¥704.2m | CN¥791.7m | CN¥495.4m | CN¥410.0m | CN¥33.3m | CN¥210.5m |
| Operating income | −CN¥388.0m | CN¥154.8m | CN¥451.8m | CN¥603.0m | CN¥164.1m | CN¥94.2m | −CN¥277.7m | −CN¥221.2m |
| Net income | −CN¥399.5m | CN¥37.8m | CN¥338.0m | CN¥376.3m | CN¥155.0m | CN¥91.0m | −CN¥247.8m | −CN¥174.0m |
| Diluted earnings per share | -0.17 | 0.02 | 0.15 | 0.16 | 0.07 | 0.04 | -0.11 | -0.07 |
| Cash from operations | CN¥1.06bn | CN¥298.0m | CN¥657.0m | CN¥883.0m | CN¥1.23bn | CN¥166.0m | CN¥2.90bn | CN¥1.27bn |
| Capital spending | −CN¥266.0m | −CN¥419.0m | −CN¥608.0m | −CN¥552.0m | −CN¥745.0m | −CN¥994.0m | −CN¥751.0m | −CN¥1.52bn |
| Free cash flow | CN¥794.0m | −CN¥121.0m | CN¥49.0m | CN¥331.0m | CN¥488.0m | −CN¥828.0m | CN¥2.15bn | −CN¥251.0m |
| Total assets | CN¥42.22bn | CN¥42.42bn | CN¥42.70bn | CN¥41.91bn | CN¥43.20bn | CN¥43.09bn | CN¥36.79bn | CN¥37.82bn |
| Cash and short-term investments | CN¥5.03bn | CN¥4.40bn | CN¥5.01bn | CN¥4.37bn | CN¥5.03bn | CN¥5.14bn | CN¥5.11bn | CN¥4.74bn |
| Debt | CN¥13.86bn | CN¥4.01bn | CN¥14.58bn | CN¥2.22bn | CN¥14.79bn | CN¥15.38bn | CN¥12.89bn | CN¥13.39bn |
| Shareholders' equity | CN¥21.66bn | CN¥22.45bn | CN¥22.03bn | CN¥22.20bn | CN¥21.86bn | CN¥21.73bn | CN¥18.60bn | CN¥19.11bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.8% | 15.1% | 21.7% | 22.0% | 35.4% | 42.4% |
| Operating margin | 10.4% | 6.0% | 16.4% | 13.9% | 27.3% | 30.8% |
| Net margin | 6.3% | 5.4% | 12.8% | 13.7% | 24.3% | 26.0% |
| Return on equity | 4.5% | 4.6% | 12.4% | 15.1% | 17.9% | 22.5% |
| Return on assets | 2.3% | 2.3% | 6.4% | 6.6% | 10.6% | 13.3% |
| Free cash flow yield | 26.8% | 50.0% | 34.7% | 41.4% | 21.8% | 17.5% |
| Revenue growth | -16.9% | -13.2% | 39.2% | 77.4% | 39.2% | 30.2% |
| Earnings growth | -2.6% | -63.5% | 30.0% | 0.1% | 30.2% | 127.1% |
| Current ratio | 1.57x | 1.60x | 1.83x | 1.18x | 1.44x | 1.67x |
| Debt to equity | 0.63x | 0.70x | 0.65x | 0.91x | 0.44x | 0.43x |
| Equity ratio | 51.6% | 50.6% | 51.7% | 43.3% | 58.8% | 59.0% |
| Interest coverage | 3.12x | 1.97x | 5.98x | 6.28x | 25.50x | 23.38x |
| R&D as a share of sales | 2.6% | 3.2% | 2.8% | 3.4% | 4.7% | 4.5% |
| Buybacks as a share of market value | -0.3% | 1.1% | -9.6% | -0.0% | 4.6% | -21.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 20.0% | 18.2% |
| Operating income | -11.0% | -4.7% | 10.3% |
| Net income | -23.4% | -10.1% | 8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.7% | 18.9% | 22.6% | 23.9% |
| Operating margin | 7.9% | 11.7% | 14.9% | 15.8% |
| Net margin | 5.8% | 9.6% | 12.5% | 13.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 38.2 | 53.0 | 26.5 | 33.6 | 58.6 | 55.0 | 31.2 |
| Price to sales | 2.3 | 2.9 | 3.4 | 4.6 | 14.3 | 14.3 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.51 | 0.238 | 0.23 | 0.15 | 0.065 | 0.072 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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