Z 
38.96
-1.59%
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¥44.96bn
FY2021FY2025
Net income
CN¥4.15bn
FY2021FY2025
Free cash flow
−CN¥1.60bn
FY2021FY2025
Shareholders' equity
CN¥24.81bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥44.96bn | CN¥39.25bn | CN¥35.25bn | CN¥31.89bn | CN¥30.60bn |
| Gross profit | CN¥11.02bn | CN¥9.62bn | CN¥8.61bn | CN¥6.37bn | CN¥4.95bn |
| Research and development | CN¥1.54bn | CN¥1.47bn | CN¥1.40bn | CN¥1.26bn | CN¥1.21bn |
| Operating income | CN¥4.87bn | CN¥3.89bn | CN¥3.19bn | CN¥1.72bn | CN¥1.83bn |
| Net income | CN¥4.15bn | CN¥3.79bn | CN¥2.64bn | CN¥1.22bn | CN¥1.37bn |
| Diluted earnings per share | 4.74 | 4.81 | 3.02 | 1.40 | 1.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥52.22bn | CN¥44.82bn | CN¥39.20bn | CN¥37.55bn | CN¥34.11bn |
| Total liabilities | CN¥27.41bn | CN¥27.35bn | CN¥25.01bn | CN¥25.75bn | CN¥23.59bn |
| Debt | — | CN¥15.26bn | CN¥13.89bn | CN¥13.64bn | — |
| Shareholders' equity | CN¥24.81bn | CN¥17.48bn | CN¥14.18bn | CN¥11.80bn | CN¥10.53bn |
| Shares outstanding | 874m | 787m | 874m | 874m | 874m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥1.90bn | CN¥3.04bn | CN¥2.61bn | CN¥838.5m | CN¥395.9m |
| Capital spending | −CN¥3.51bn | −CN¥2.34bn | −CN¥1.61bn | −CN¥2.94bn | −CN¥862.3m |
| Free cash flow | −CN¥1.60bn | CN¥698.2m | CN¥996.3m | −CN¥2.11bn | −CN¥466.4m |
| Dividends paid | −CN¥1.45bn | −CN¥1.04bn | −CN¥799.1m | −CN¥626.4m | −CN¥589.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.28bn | CN¥11.27bn | CN¥11.21bn | CN¥10.64bn | CN¥9.96bn | CN¥10.78bn | CN¥9.43bn |
| Gross profit | CN¥2.31bn | CN¥1.90bn | CN¥2.21bn | CN¥2.28bn | −CN¥21.65bn | CN¥10.78bn | CN¥2.12bn |
| Operating income | CN¥1.46bn | CN¥903.7m | CN¥1.40bn | CN¥1.29bn | −CN¥25.40bn | CN¥10.78bn | CN¥1.26bn |
| Net income | CN¥1.22bn | CN¥634.3m | CN¥1.17bn | CN¥1.15bn | CN¥572.9m | CN¥674.5m | CN¥1.12bn |
| Diluted earnings per share | 1.40 | 0.73 | 1.34 | 1.32 | 0.73 | 0.86 | 1.42 |
| Capital spending | −CN¥904.0m | −CN¥643.0m | −CN¥1.03bn | −CN¥1.18bn | — | — | −CN¥1.06bn |
| Total assets | CN¥55.75bn | CN¥52.22bn | CN¥51.77bn | CN¥46.61bn | CN¥44.82bn | CN¥43.83bn | CN¥41.87bn |
| Debt | CN¥3.96bn | CN¥3.22bn | CN¥3.01bn | CN¥4.03bn | CN¥4.03bn | — | CN¥3.76bn |
| Shareholders' equity | CN¥25.16bn | CN¥24.81bn | CN¥22.93bn | CN¥18.65bn | CN¥17.48bn | CN¥17.13bn | CN¥15.65bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 24.5% | 24.5% | 24.4% | 20.0% | 16.2% |
| Operating margin | 10.8% | 9.9% | 9.0% | 5.4% | 6.0% |
| Net margin | 9.2% | 9.6% | 7.5% | 3.8% | 4.5% |
| Return on equity | 16.7% | 21.7% | 18.6% | 10.4% | 13.1% |
| Return on assets | 7.9% | 8.4% | 6.7% | 3.3% | 4.0% |
| Free cash flow yield | 13.8% | 15.2% | — | — | — |
| Revenue growth | 14.5% | 11.4% | 10.5% | 4.2% | — |
| Earnings growth | 9.5% | 43.6% | 115.4% | -10.9% | — |
| Current ratio | 1.08x | 0.96x | 0.89x | 0.85x | 0.96x |
| Debt to equity | 0.13x | 0.23x | 0.23x | 0.29x | 0.35x |
| Equity ratio | 47.5% | 39.0% | 36.2% | 31.4% | 30.9% |
| Interest coverage | 14.85x | 11.19x | 4.55x | 2.36x | 6.87x |
| R&D as a share of sales | 3.4% | 3.8% | 4.0% | 3.9% | 3.9% |
| Buybacks as a share of market value | -11.1% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | — | — |
| Operating income | 41.5% | — | — |
| Net income | 50.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.5% | 23.5% | — | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 11.8 |
| Price to sales | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 16 Jul 2025.
| FY2025 | |
|---|---|
| Paid in the year | 1.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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