C 
2.39
0.00%
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¥25.20bn
FY2016FY2025
Net income
CN¥1.61bn
FY2016FY2025
Free cash flow
−CN¥4.45bn
FY2016FY2025
Shareholders' equity
CN¥30.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.20bn | CN¥27.63bn | CN¥15.69bn | CN¥25.63bn | CN¥37.17bn | CN¥20.22bn | CN¥14.23bn | CN¥16.68bn | CN¥16.34bn | CN¥15.96bn |
| Research and development | CN¥39.0m | CN¥61.1m | CN¥86.9m | CN¥94.2m | CN¥74.3m | CN¥21.6m | CN¥9.5m | CN¥4.0m | — | CN¥5.0m |
| Operating income | CN¥3.61bn | CN¥1.79bn | CN¥1.41bn | CN¥4.85bn | CN¥8.03bn | CN¥2.43bn | CN¥1.97bn | CN¥3.47bn | CN¥2.56bn | CN¥1.94bn |
| Net income | CN¥1.61bn | CN¥1.69bn | CN¥1.41bn | CN¥3.92bn | CN¥6.09bn | CN¥2.14bn | CN¥1.74bn | CN¥1.39bn | CN¥1.46bn | CN¥368.6m |
| Diluted earnings per share | 0.12 | 0.13 | 0.10 | 0.29 | 0.47 | 0.17 | 0.15 | 0.12 | 0.13 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥131.59bn | CN¥126.37bn | CN¥125.93bn | CN¥128.15bn | CN¥132.62bn | CN¥146.04bn | CN¥144.49bn | CN¥137.84bn | CN¥139.04bn | CN¥125.44bn |
| Cash and short-term investments | — | CN¥8.74bn | CN¥13.69bn | CN¥16.20bn | CN¥19.09bn | CN¥13.29bn | CN¥10.65bn | CN¥16.20bn | CN¥25.49bn | CN¥16.73bn |
| Total liabilities | CN¥100.36bn | CN¥95.76bn | CN¥96.65bn | CN¥99.25bn | CN¥99.93bn | CN¥121.67bn | CN¥120.29bn | CN¥119.80bn | CN¥122.16bn | CN¥111.88bn |
| Debt | CN¥52.95bn | CN¥72.12bn | CN¥90.13bn | CN¥93.18bn | CN¥91.29bn | CN¥108.26bn | CN¥111.92bn | CN¥111.34bn | CN¥99.95bn | CN¥97.57bn |
| Shareholders' equity | CN¥30.79bn | CN¥30.30bn | CN¥29.28bn | CN¥28.89bn | CN¥32.69bn | CN¥24.37bn | CN¥24.21bn | CN¥18.04bn | CN¥16.28bn | CN¥13.25bn |
| Shares outstanding | 13,303m | 13,466m | 13,547m | 13,527m | 13,029m | 12,893m | 11,606m | 11,700m | 11,614m | 11,701m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.19bn | CN¥6.70bn | CN¥5.31bn | CN¥11.21bn | CN¥14.58bn | CN¥9.89bn | CN¥8.57bn | CN¥6.55bn | CN¥11.93bn | CN¥7.76bn |
| Capital spending | −CN¥9.63bn | −CN¥9.92bn | −CN¥5.75bn | −CN¥11.10bn | −CN¥34.33bn | −CN¥32.84bn | −CN¥26.08bn | −CN¥20.03bn | −CN¥15.55bn | −CN¥14.66bn |
| Free cash flow | −CN¥4.45bn | −CN¥3.21bn | −CN¥433.2m | CN¥110.2m | −CN¥19.75bn | −CN¥22.94bn | −CN¥17.52bn | −CN¥13.48bn | −CN¥3.62bn | −CN¥6.90bn |
| Dividends paid | −CN¥4.22bn | −CN¥4.96bn | −CN¥5.22bn | −CN¥3.06bn | −CN¥645.6m | −CN¥850.4m | −CN¥380.4m | −CN¥4.12bn | −CN¥3.18bn | −CN¥1.95bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.63bn | CN¥5.99bn | CN¥5.64bn | CN¥7.31bn | CN¥6.84bn | CN¥5.42bn | CN¥7.76bn | CN¥8.11bn |
| Operating income | CN¥999.2m | CN¥598.0m | CN¥760.1m | CN¥1.06bn | CN¥673.9m | CN¥618.1m | CN¥774.5m | CN¥1.01bn |
| Net income | CN¥587.2m | CN¥413.2m | CN¥218.7m | CN¥420.4m | CN¥489.9m | CN¥480.5m | CN¥304.9m | CN¥485.5m |
| Diluted earnings per share | 0.04 | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.02 | 0.04 |
| Cash from operations | — | — | — | CN¥1.57bn | CN¥783.0m | CN¥501.0m | CN¥2.39bn | CN¥4.07bn |
| Capital spending | −CN¥1.52bn | −CN¥2.10bn | −CN¥5.25bn | −CN¥1.64bn | −CN¥996.0m | −CN¥1.75bn | −CN¥4.94bn | −CN¥2.47bn |
| Free cash flow | — | — | — | −CN¥73.0m | −CN¥213.0m | −CN¥1.25bn | −CN¥2.55bn | CN¥1.60bn |
| Total assets | CN¥139.40bn | CN¥135.82bn | CN¥131.59bn | CN¥131.79bn | CN¥130.29bn | CN¥129.92bn | CN¥126.37bn | CN¥123.11bn |
| Cash and short-term investments | — | — | — | CN¥12.50bn | CN¥10.98bn | CN¥11.06bn | CN¥8.74bn | CN¥10.85bn |
| Debt | CN¥59.32bn | CN¥55.87bn | CN¥52.95bn | CN¥36.92bn | CN¥69.49bn | CN¥67.44bn | CN¥71.96bn | CN¥86.09bn |
| Shareholders' equity | CN¥31.39bn | CN¥31.12bn | CN¥30.79bn | CN¥30.71bn | CN¥30.62bn | CN¥30.63bn | CN¥30.30bn | CN¥30.23bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 14.3% | 6.5% | 9.0% | 18.9% | 21.6% | 12.0% |
| Net margin | 6.4% | 6.1% | 9.0% | 15.3% | 16.4% | 10.6% |
| Return on equity | 5.2% | 5.6% | 4.8% | 13.6% | 18.6% | 8.8% |
| Return on assets | 1.2% | 1.3% | 1.1% | 3.1% | 4.6% | 1.5% |
| Free cash flow yield | 45.5% | 50.4% | 33.3% | 67.3% | 153.2% | 135.3% |
| Revenue growth | -8.8% | 76.1% | -38.8% | -31.0% | 83.8% | 42.1% |
| Earnings growth | -4.5% | 19.6% | -64.1% | -35.6% | 184.5% | 22.8% |
| Current ratio | 0.44x | 0.46x | 0.59x | 0.59x | 0.62x | 0.57x |
| Debt to equity | 1.72x | 2.38x | 3.07x | 3.20x | 2.78x | 4.44x |
| Equity ratio | 23.4% | 24.0% | 23.3% | 22.5% | 24.6% | 16.7% |
| Interest coverage | 1.00x | 0.44x | 0.36x | 1.92x | 4.57x | 1.04x |
| R&D as a share of sales | 0.2% | 0.2% | 0.6% | 0.4% | 0.2% | 0.1% |
| Buybacks as a share of market value | 1.2% | 0.6% | -0.1% | -3.8% | -1.1% | -11.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.6% | 4.5% | -3.7% |
| Operating income | -9.4% | 8.2% | — |
| Net income | -25.7% | -5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.2% | 12.4% | 14.6% | 12.7% |
| Net margin | 6.2% | 9.2% | 11.1% | 8.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.8 | 20.9 | 22.5 | 8.3 | 7.0 | 17.9 | 17.2 | 19.3 | 27.0 | 129.2 |
| Price to sales | 1.3 | 1.3 | 2.0 | 1.3 | 1.1 | 1.9 | 2.1 | 1.6 | 2.4 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 31 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.041 | 0.051 | 0.087 | 0.226 | 0.056 | 0.045 | 0.033 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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