M 
32.48
-3.04%
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¥1.71bn
FY2019FY2025
Net income
CN¥210.2m
FY2019FY2025
Free cash flow
CN¥138.8m
FY2019FY2025
Shareholders' equity
CN¥2.09bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.71bn | CN¥2.14bn | CN¥1.14bn | CN¥1.39bn | CN¥1.99bn | CN¥940.8m | CN¥700.5m |
| Gross profit | CN¥407.4m | CN¥436.8m | CN¥338.4m | CN¥433.3m | CN¥623.0m | CN¥370.7m | CN¥176.8m |
| Research and development | CN¥45.6m | CN¥59.7m | CN¥51.9m | CN¥62.7m | CN¥67.5m | CN¥34.6m | CN¥26.1m |
| Operating income | CN¥210.6m | CN¥247.4m | CN¥195.6m | CN¥306.7m | CN¥389.9m | CN¥213.1m | CN¥35.9m |
| Net income | CN¥210.2m | CN¥210.9m | CN¥167.0m | CN¥260.0m | CN¥325.6m | CN¥175.6m | CN¥29.1m |
| Diluted earnings per share | 1.98 | 2.01 | 1.70 | 3.20 | 3.06 | 1.65 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.99bn | CN¥3.36bn | CN¥2.73bn | CN¥1.23bn | CN¥1.75bn | CN¥1.02bn | CN¥840.1m |
| Cash and short-term investments | — | CN¥1.25bn | CN¥1.44bn | CN¥250.9m | CN¥172.2m | CN¥101.5m | CN¥79.9m |
| Total liabilities | CN¥895.9m | CN¥1.30bn | CN¥614.8m | CN¥584.1m | CN¥1.24bn | CN¥764.1m | CN¥568.5m |
| Debt | CN¥1.5m | CN¥151.0m | CN¥23.4m | CN¥95.6m | CN¥486.4m | CN¥269.1m | CN¥135.6m |
| Shareholders' equity | CN¥2.09bn | CN¥2.06bn | CN¥2.12bn | CN¥642.3m | CN¥507.7m | CN¥252.9m | CN¥271.6m |
| Shares outstanding | 106m | 105m | 98m | 81m | 106m | 106m | 106m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥222.6m | CN¥55.1m | −CN¥41.4m | CN¥283.0m | −CN¥431.4m | −CN¥11.9m | −CN¥90.5m |
| Capital spending | −CN¥83.8m | −CN¥130.7m | −CN¥15.1m | −CN¥16.1m | −CN¥39.5m | −CN¥10.3m | −CN¥7.4m |
| Free cash flow | CN¥138.8m | −CN¥75.6m | −CN¥56.6m | CN¥266.9m | −CN¥470.9m | −CN¥22.2m | −CN¥97.9m |
| Dividends paid | −CN¥189.0m | −CN¥201.4m | −CN¥132.4m | −CN¥149.9m | −CN¥135.8m | −CN¥14.2m | −CN¥10.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥475.3m | CN¥358.9m | CN¥363.1m | CN¥461.0m | CN¥463.5m | CN¥424.3m | CN¥745.1m | CN¥636.1m |
| Gross profit | CN¥90.4m | CN¥71.1m | CN¥86.1m | CN¥116.9m | CN¥103.6m | CN¥100.8m | CN¥150.8m | CN¥139.4m |
| Operating income | CN¥31.4m | CN¥13.4m | CN¥29.1m | CN¥65.9m | CN¥73.6m | CN¥62.9m | CN¥84.1m | CN¥78.3m |
| Net income | CN¥27.8m | CN¥10.1m | CN¥44.8m | CN¥55.3m | CN¥60.0m | CN¥50.1m | CN¥70.8m | CN¥66.0m |
| Diluted earnings per share | 0.26 | 0.09 | 0.42 | 0.52 | 0.56 | 0.47 | 0.67 | 0.63 |
| Cash from operations | — | — | — | −CN¥59.0m | CN¥156.0m | CN¥23.0m | CN¥207.0m | — |
| Capital spending | −CN¥23.0m | −CN¥47.0m | −CN¥21.0m | −CN¥25.0m | −CN¥22.0m | −CN¥13.0m | −CN¥29.0m | −CN¥50.0m |
| Free cash flow | — | — | — | −CN¥84.0m | CN¥134.0m | CN¥10.0m | CN¥178.0m | — |
| Total assets | CN¥2.92bn | CN¥2.92bn | CN¥2.99bn | CN¥2.96bn | CN¥3.02bn | CN¥3.20bn | CN¥3.36bn | CN¥2.93bn |
| Cash and short-term investments | — | — | — | CN¥1.19bn | CN¥1.30bn | CN¥1.26bn | CN¥1.25bn | CN¥1.00bn |
| Debt | CN¥2.6m | CN¥2.8m | CN¥1.5m | CN¥613.4m | CN¥29.0m | CN¥68.4m | CN¥149.7m | CN¥14.7m |
| Shareholders' equity | CN¥2.03bn | CN¥2.10bn | CN¥2.09bn | CN¥2.04bn | CN¥2.06bn | CN¥2.11bn | CN¥2.06bn | CN¥2.00bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.8% | 20.4% | 29.7% | 31.2% | 31.3% | 39.4% |
| Operating margin | 14.8% | 11.6% | 17.4% | 23.8% | 20.5% | 23.7% |
| Net margin | 12.3% | 9.9% | 14.6% | 18.7% | 16.4% | 18.7% |
| Return on equity | 10.1% | 10.2% | 7.9% | 40.5% | 64.1% | 69.5% |
| Return on assets | 7.0% | 6.3% | 6.1% | 21.2% | 18.6% | 17.3% |
| Free cash flow yield | 8.5% | 5.2% | -0.8% | 10.9% | — | — |
| Revenue growth | -20.0% | 87.6% | -17.7% | -30.3% | 111.5% | 34.3% |
| Earnings growth | -0.3% | 26.3% | -35.8% | -20.2% | 85.4% | 502.7% |
| Current ratio | 2.84x | 2.33x | 4.12x | 1.83x | 1.28x | 1.22x |
| Debt to equity | 0.00x | 0.07x | 0.01x | 0.15x | 1.06x | 1.42x |
| Equity ratio | 70.0% | 61.3% | 77.5% | 52.4% | 29.1% | 24.9% |
| Interest coverage | 94.18x | 110.40x | 57.85x | 23.19x | 15.90x | 15.78x |
| R&D as a share of sales | 2.7% | 2.8% | 4.5% | 4.5% | 3.4% | 3.7% |
| Buybacks as a share of market value | -1.3% | -7.1% | -20.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 12.7% | — |
| Operating income | -11.8% | -0.2% | — |
| Net income | -6.8% | 3.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.9% | 25.3% | 28.0% | — |
| Operating margin | 11.9% | 15.1% | 16.8% | — |
| Net margin | 10.9% | 13.3% | 14.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 23.9 | 17.9 | 36.7 |
| Price to sales | 2.9 | 1.8 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 15 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 1.03 | 1.76 | 1.86 | 1.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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