Z 
11.39
+6.35%
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¥2.38bn
FY2016FY2025
Net income
CN¥87.8m
FY2016FY2025
Free cash flow
CN¥455.2m
FY2016FY2025
Shareholders' equity
CN¥3.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.38bn | CN¥1.84bn | CN¥1.94bn | CN¥2.84bn | CN¥2.96bn | CN¥2.51bn | CN¥2.14bn | CN¥1.80bn | CN¥1.71bn | CN¥1.62bn |
| Gross profit | CN¥596.5m | CN¥612.5m | CN¥482.6m | CN¥846.7m | CN¥897.3m | CN¥765.7m | CN¥685.8m | CN¥565.2m | CN¥508.2m | CN¥493.5m |
| Research and development | CN¥107.6m | CN¥104.2m | CN¥111.8m | CN¥128.8m | CN¥124.5m | CN¥113.0m | CN¥77.8m | CN¥70.0m | CN¥45.2m | CN¥44.5m |
| Operating income | CN¥23.6m | CN¥90.9m | CN¥109.3m | CN¥333.0m | CN¥459.8m | CN¥400.3m | CN¥273.7m | CN¥252.9m | CN¥258.2m | CN¥233.2m |
| Net income | CN¥87.8m | CN¥64.6m | CN¥101.0m | CN¥287.0m | CN¥390.9m | CN¥313.7m | CN¥236.2m | CN¥230.0m | CN¥229.1m | CN¥200.7m |
| Diluted earnings per share | 0.21 | 0.16 | 0.27 | 0.69 | 0.85 | 0.73 | 0.43 | 0.56 | 0.58 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.76bn | CN¥7.95bn | CN¥7.90bn | CN¥7.66bn | CN¥7.12bn | CN¥5.16bn | CN¥4.34bn | CN¥3.29bn | CN¥2.73bn | CN¥1.91bn |
| Cash and short-term investments | — | CN¥954.1m | CN¥951.7m | CN¥1.04bn | CN¥1.60bn | CN¥1.23bn | CN¥953.8m | CN¥777.4m | CN¥392.3m | CN¥216.2m |
| Total liabilities | CN¥4.53bn | CN¥5.03bn | CN¥4.96bn | CN¥4.76bn | CN¥4.46bn | CN¥2.84bn | CN¥2.29bn | CN¥1.57bn | CN¥1.20bn | CN¥1.03bn |
| Debt | CN¥1.57bn | CN¥1.86bn | CN¥2.47bn | CN¥2.50bn | CN¥2.11bn | CN¥1.02bn | CN¥653.8m | CN¥294.0m | CN¥113.0m | CN¥141.3m |
| Shareholders' equity | CN¥3.19bn | CN¥2.87bn | CN¥2.89bn | CN¥2.85bn | CN¥2.61bn | CN¥2.28bn | CN¥2.02bn | CN¥1.71bn | CN¥1.53bn | CN¥876.0m |
| Shares outstanding | 420m | 401m | 375m | 417m | 462m | 430m | 551m | 413m | 397m | 371m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥473.3m | CN¥105.3m | CN¥168.6m | −CN¥610.3m | −CN¥357.7m | CN¥209.4m | CN¥359.7m | CN¥205.5m | CN¥97.1m | CN¥225.8m |
| Capital spending | −CN¥18.1m | −CN¥109.4m | −CN¥240.5m | −CN¥169.0m | −CN¥237.7m | −CN¥539.3m | −CN¥339.6m | −CN¥262.4m | −CN¥11.1m | −CN¥29.0m |
| Free cash flow | CN¥455.2m | −CN¥4.1m | −CN¥71.9m | −CN¥779.3m | −CN¥595.5m | −CN¥329.8m | CN¥20.1m | −CN¥56.9m | CN¥86.0m | CN¥196.8m |
| Dividends paid | −CN¥127.2m | −CN¥108.4m | −CN¥160.0m | −CN¥81.8m | −CN¥60.3m | −CN¥50.6m | −CN¥60.9m | −CN¥59.2m | −CN¥55.2m | −CN¥77.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥839.9m | CN¥366.2m | CN¥689.0m | CN¥690.8m | CN¥713.6m | CN¥290.2m | CN¥676.0m | CN¥507.3m |
| Gross profit | CN¥208.7m | CN¥106.3m | CN¥142.1m | CN¥192.2m | CN¥192.8m | CN¥69.4m | CN¥244.6m | CN¥147.4m |
| Operating income | CN¥62.4m | −CN¥27.6m | −CN¥6.6m | CN¥24.3m | CN¥47.0m | CN¥42.3m | CN¥29.5m | CN¥13.2m |
| Net income | CN¥49.5m | CN¥3.8m | −CN¥4.3m | CN¥16.9m | CN¥42.4m | CN¥32.7m | CN¥12.0m | CN¥4.7m |
| Diluted earnings per share | 0.12 | 0.01 | -0.01 | 0.04 | 0.10 | 0.08 | 0.03 | 0.01 |
| Cash from operations | — | — | — | CN¥169.0m | −CN¥53.0m | CN¥45.0m | — | −CN¥67.0m |
| Capital spending | −CN¥1.0m | −CN¥4.0m | — | −CN¥4.0m | −CN¥7.0m | −CN¥8.0m | −CN¥40.0m | −CN¥21.0m |
| Free cash flow | — | — | — | CN¥165.0m | −CN¥60.0m | CN¥37.0m | — | −CN¥88.0m |
| Total assets | CN¥7.72bn | CN¥7.58bn | CN¥7.76bn | CN¥8.08bn | CN¥7.80bn | CN¥7.74bn | CN¥7.95bn | CN¥7.84bn |
| Cash and short-term investments | — | — | — | CN¥898.2m | CN¥761.5m | CN¥889.0m | CN¥954.1m | CN¥894.0m |
| Debt | CN¥971.3m | CN¥1.40bn | CN¥1.57bn | CN¥661.6m | CN¥2.00bn | CN¥2.18bn | CN¥1.84bn | CN¥3.06bn |
| Shareholders' equity | CN¥3.22bn | CN¥3.20bn | CN¥3.19bn | CN¥3.20bn | CN¥3.24bn | CN¥3.19bn | CN¥2.87bn | CN¥2.87bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.0% | 33.2% | 24.9% | 29.8% | 30.3% | 30.5% |
| Operating margin | 8.6% | 11.5% | 11.6% | 15.3% | 16.7% | 16.0% |
| Net margin | 3.7% | 3.5% | 5.2% | 10.1% | 13.2% | 12.5% |
| Return on equity | 2.7% | 2.3% | 3.5% | 10.1% | 15.0% | 13.8% |
| Return on assets | 1.1% | 0.8% | 1.3% | 3.7% | 5.5% | 6.1% |
| Free cash flow yield | 12.1% | 5.5% | 11.3% | -10.9% | -2.7% | 18.0% |
| Revenue growth | 29.3% | -4.9% | -31.8% | -3.9% | 17.9% | 17.2% |
| Earnings growth | 35.9% | -36.0% | -64.8% | -26.6% | 24.6% | 32.8% |
| Current ratio | 1.29x | 1.15x | 1.30x | 1.45x | 1.62x | 1.75x |
| Debt to equity | 0.49x | 0.64x | 0.89x | 0.83x | 0.78x | 0.44x |
| Equity ratio | 41.2% | 36.1% | 36.6% | 37.2% | 36.7% | 44.1% |
| Interest coverage | 2.53x | 1.74x | 1.90x | 4.03x | 13.60x | 12.44x |
| R&D as a share of sales | 4.5% | 5.7% | 5.8% | 4.5% | 4.2% | 4.5% |
| Buybacks as a share of market value | -4.8% | -7.1% | 10.3% | 9.6% | -7.4% | 21.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.7% | -1.0% | 5.5% |
| Operating income | -58.6% | -43.2% | -18.2% |
| Net income | -32.6% | -22.5% | -5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.6% | 28.2% | 29.0% | 29.9% |
| Operating margin | 2.7% | 6.2% | 9.8% | 11.3% |
| Net margin | 3.6% | 6.0% | 8.6% | 9.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 67.2 | 70.2 | 50.5 | 18.1 | 16.1 | 14.9 | 38.0 | 20.9 | 45.4 |
| Price to sales | 2.5 | 2.5 | 2.6 | 1.8 | 2.1 | 1.9 | 4.2 | 2.7 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 25 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.13 | 0.05 | 0.15 | 0.20 | 0.15 | 0.12 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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