Z 
24.27
-1.86%
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¥59.14bn
FY2016FY2025
Net income
CN¥4.50bn
FY2016FY2025
Free cash flow
CN¥21.21bn
FY2016FY2025
Shareholders' equity
CN¥44.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥59.14bn | CN¥64.52bn | CN¥57.25bn | CN¥45.97bn | CN¥39.03bn | CN¥33.25bn | CN¥30.23bn | CN¥27.42bn | CN¥23.42bn | CN¥20.16bn |
| Gross profit | CN¥15.38bn | CN¥14.88bn | CN¥12.32bn | CN¥10.55bn | CN¥9.40bn | CN¥9.16bn | CN¥8.74bn | CN¥8.10bn | CN¥6.83bn | CN¥6.00bn |
| Research and development | CN¥1.33bn | CN¥1.27bn | CN¥1.18bn | CN¥1.14bn | CN¥983.4m | CN¥1.03bn | CN¥979.6m | CN¥946.4m | CN¥793.8m | CN¥746.7m |
| Operating income | CN¥9.04bn | CN¥6.82bn | CN¥6.55bn | CN¥6.00bn | CN¥4.68bn | CN¥7.89bn | CN¥4.52bn | CN¥4.25bn | CN¥3.51bn | CN¥3.14bn |
| Net income | CN¥4.50bn | CN¥3.87bn | CN¥3.69bn | CN¥4.02bn | CN¥3.37bn | CN¥6.43bn | CN¥3.76bn | CN¥3.59bn | CN¥2.84bn | CN¥2.18bn |
| Diluted earnings per share | 2.11 | 1.80 | 1.73 | 1.89 | 1.59 | 3.01 | 1.74 | 1.68 | 1.32 | 1.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥158.64bn | CN¥138.08bn | CN¥120.80bn | CN¥104.33bn | CN¥85.45bn | CN¥69.27bn | CN¥55.28bn | CN¥47.58bn | CN¥44.16bn | CN¥35.36bn |
| Cash and short-term investments | — | CN¥12.19bn | CN¥12.11bn | CN¥13.37bn | CN¥7.47bn | CN¥5.99bn | CN¥5.81bn | CN¥6.07bn | CN¥7.33bn | CN¥3.67bn |
| Total liabilities | CN¥104.91bn | CN¥87.37bn | CN¥74.30bn | CN¥62.79bn | CN¥50.98bn | CN¥38.09bn | CN¥30.33bn | CN¥25.33bn | CN¥23.58bn | CN¥21.30bn |
| Debt | — | CN¥47.50bn | CN¥35.89bn | CN¥30.10bn | CN¥31.46bn | CN¥23.86bn | CN¥18.01bn | CN¥11.27bn | CN¥14.75bn | CN¥13.60bn |
| Shareholders' equity | CN¥44.50bn | CN¥42.11bn | CN¥39.09bn | CN¥36.34bn | CN¥32.02bn | CN¥29.91bn | CN¥24.22bn | CN¥21.65bn | CN¥19.99bn | CN¥13.38bn |
| Shares outstanding | 2,138m | 2,149m | 2,128m | 2,128m | 2,117m | 2,133m | 2,160m | 2,144m | 2,155m | 1,335m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥23.09bn | CN¥15.20bn | CN¥5.49bn | CN¥5.10bn | CN¥7.09bn | CN¥4.81bn | CN¥5.00bn | CN¥2.90bn | CN¥2.57bn | CN¥4.90bn |
| Capital spending | −CN¥1.89bn | −CN¥2.95bn | −CN¥4.36bn | −CN¥10.67bn | −CN¥12.03bn | −CN¥6.96bn | −CN¥4.91bn | −CN¥3.61bn | −CN¥3.23bn | −CN¥3.82bn |
| Free cash flow | CN¥21.21bn | CN¥12.25bn | CN¥1.12bn | −CN¥5.57bn | −CN¥4.95bn | −CN¥2.15bn | CN¥88.1m | −CN¥710.4m | −CN¥665.7m | CN¥1.08bn |
| Dividends paid | −CN¥2.25bn | −CN¥1.18bn | −CN¥1.64bn | −CN¥851.3m | −CN¥1.07bn | −CN¥1.07bn | −CN¥1.29bn | −CN¥2.50bn | −CN¥1.17bn | −CN¥1.24bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.76bn | CN¥21.30bn | CN¥12.75bn | CN¥16.78bn | CN¥15.06bn | CN¥14.56bn | CN¥18.11bn | CN¥17.42bn |
| Gross profit | CN¥4.55bn | CN¥4.40bn | CN¥2.62bn | CN¥4.45bn | CN¥4.60bn | CN¥3.71bn | CN¥3.08bn | CN¥4.51bn |
| Operating income | CN¥3.03bn | CN¥2.98bn | CN¥679.7m | CN¥2.75bn | CN¥2.34bn | CN¥1.93bn | CN¥1.03bn | CN¥2.75bn |
| Net income | CN¥1.86bn | CN¥1.27bn | CN¥322.3m | CN¥1.62bn | CN¥1.39bn | CN¥1.16bn | CN¥376.7m | CN¥1.58bn |
| Diluted earnings per share | 0.87 | 0.59 | 0.15 | 0.76 | 0.65 | 0.54 | 0.18 | 0.73 |
| Cash from operations | — | — | — | CN¥8.15bn | CN¥4.71bn | CN¥2.42bn | CN¥7.94bn | CN¥2.92bn |
| Capital spending | −CN¥403.0m | −CN¥235.0m | −CN¥385.0m | −CN¥252.0m | −CN¥594.0m | −CN¥651.0m | −CN¥519.0m | −CN¥831.0m |
| Free cash flow | — | — | — | CN¥7.90bn | CN¥4.12bn | CN¥1.77bn | CN¥7.42bn | CN¥2.09bn |
| Total assets | CN¥158.12bn | CN¥152.70bn | CN¥158.64bn | CN¥155.15bn | CN¥155.24bn | CN¥144.96bn | CN¥138.50bn | CN¥134.94bn |
| Cash and short-term investments | — | — | — | CN¥13.54bn | CN¥13.29bn | CN¥11.97bn | CN¥12.19bn | CN¥11.28bn |
| Debt | CN¥15.11bn | CN¥16.41bn | CN¥15.78bn | CN¥27.46bn | CN¥30.97bn | CN¥28.49bn | CN¥39.36bn | CN¥23.29bn |
| Shareholders' equity | CN¥46.01bn | CN¥45.49bn | CN¥44.50bn | CN¥43.71bn | CN¥42.89bn | CN¥43.17bn | CN¥42.11bn | CN¥41.73bn |
Financial ratios
Data as of 12 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.0% | 23.1% | 21.5% | 23.0% | 24.1% | 27.6% |
| Operating margin | 15.3% | 10.6% | 11.4% | 13.0% | 12.0% | 23.7% |
| Net margin | 7.6% | 6.0% | 6.4% | 8.7% | 8.6% | 19.3% |
| Return on equity | 10.1% | 9.2% | 9.4% | 11.1% | 10.5% | 21.5% |
| Return on assets | 2.8% | 2.8% | 3.1% | 3.9% | 3.9% | 9.3% |
| Free cash flow yield | 47.1% | 34.1% | 18.7% | 29.9% | 36.4% | 22.2% |
| Revenue growth | -8.3% | 12.7% | 24.5% | 17.8% | 17.4% | 10.0% |
| Earnings growth | 16.2% | 5.1% | -8.3% | 19.3% | -47.6% | 70.9% |
| Current ratio | 1.49x | 1.43x | 1.49x | 1.45x | 1.44x | 1.29x |
| Debt to equity | 0.35x | 0.93x | 0.60x | 0.49x | 0.60x | 0.45x |
| Equity ratio | 28.1% | 30.5% | 32.4% | 34.8% | 37.5% | 43.2% |
| Interest coverage | 10.28x | 5.85x | 7.47x | 4.22x | 3.91x | 8.95x |
| R&D as a share of sales | 2.2% | 2.0% | 2.1% | 2.5% | 2.5% | 3.1% |
| Buybacks as a share of market value | 0.5% | -1.0% | 0.0% | -0.5% | 0.8% | 1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.8% | 12.2% | 13.1% |
| Operating income | 14.6% | 2.7% | 15.0% |
| Net income | 3.9% | -6.9% | 9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.5% | 23.4% | 24.0% | 25.5% |
| Operating margin | 12.8% | 12.5% | 13.7% | 14.0% |
| Net margin | 6.8% | 7.1% | 8.6% | 9.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.3 | 13.0 | 12.4 | 14.7 | 33.9 | 13.0 | 15.4 | 14.5 | 19.8 | 12.2 |
| Price to sales | 1.0 | 0.8 | 0.8 | 1.3 | 2.9 | 2.5 | 1.9 | 1.9 | 2.4 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 5 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.60 | 0.60 | 0.55 | 0.40 | 0.40 | 0.50 | 0.50 | 0.60 |
- 13-for-10 split · 21 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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