Z 
13.95
-0.71%
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¥2.63bn
FY2017FY2025
Net income
CN¥75.6m
FY2017FY2025
Free cash flow
CN¥68.5m
FY2017FY2025
Shareholders' equity
CN¥1.94bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.63bn | CN¥2.90bn | CN¥2.11bn | CN¥2.56bn | CN¥2.12bn | CN¥1.15bn | CN¥1.14bn | CN¥1.15bn | CN¥1.18bn |
| Gross profit | CN¥243.7m | CN¥366.6m | CN¥387.3m | CN¥591.2m | CN¥667.0m | CN¥198.3m | CN¥247.5m | CN¥242.3m | CN¥268.7m |
| Research and development | CN¥54.4m | CN¥60.8m | CN¥42.5m | CN¥39.7m | CN¥21.1m | CN¥11.3m | CN¥10.6m | CN¥13.3m | CN¥12.7m |
| Operating income | — | CN¥262.7m | CN¥317.2m | CN¥500.3m | CN¥615.4m | CN¥183.3m | CN¥165.0m | CN¥143.8m | CN¥145.5m |
| Net income | CN¥75.6m | CN¥191.1m | CN¥248.8m | CN¥379.4m | CN¥496.8m | CN¥129.7m | CN¥127.1m | CN¥108.3m | CN¥103.8m |
| Diluted earnings per share | 0.18 | 0.35 | 0.54 | 0.86 | 1.26 | 0.34 | 0.30 | 0.26 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.40bn | CN¥3.27bn | CN¥2.97bn | CN¥2.55bn | CN¥2.08bn | CN¥1.14bn | CN¥863.1m | CN¥692.6m | CN¥828.8m |
| Cash and short-term investments | — | CN¥189.6m | CN¥79.0m | CN¥418.6m | CN¥472.7m | CN¥224.2m | CN¥167.2m | CN¥133.4m | CN¥106.8m |
| Total liabilities | CN¥1.46bn | CN¥1.34bn | CN¥1.19bn | CN¥826.0m | CN¥494.4m | CN¥337.6m | CN¥177.8m | CN¥392.5m | CN¥551.8m |
| Debt | CN¥661.0m | CN¥680.0m | CN¥288.1m | CN¥5.0m | CN¥50.1m | CN¥107.1m | CN¥3.1m | CN¥228.1m | CN¥354.9m |
| Shareholders' equity | CN¥1.94bn | CN¥1.93bn | CN¥1.78bn | CN¥1.71bn | CN¥1.58bn | CN¥790.5m | CN¥683.7m | CN¥298.8m | CN¥247.9m |
| Shares outstanding | 423m | 546m | 458m | 441m | 395m | 379m | 423m | 423m | 423m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥320.2m | −CN¥19.0m | CN¥47.3m | CN¥526.9m | CN¥129.6m | CN¥63.6m | CN¥93.7m | CN¥221.4m | CN¥198.0m |
| Capital spending | −CN¥251.7m | −CN¥180.7m | −CN¥498.9m | −CN¥308.2m | −CN¥135.8m | −CN¥92.6m | −CN¥86.0m | −CN¥52.4m | −CN¥16.4m |
| Free cash flow | CN¥68.5m | −CN¥199.7m | −CN¥451.6m | CN¥218.7m | −CN¥6.2m | −CN¥29.0m | CN¥7.7m | CN¥169.0m | CN¥181.6m |
| Dividends paid | −CN¥122.0m | −CN¥133.1m | −CN¥190.6m | −CN¥250.4m | −CN¥59.9m | −CN¥24.2m | −CN¥7.4m | −CN¥15.6m | −CN¥18.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥561.8m | CN¥604.4m | CN¥652.3m | CN¥636.8m | CN¥750.0m | CN¥586.0m | CN¥886.9m | CN¥869.1m |
| Gross profit | CN¥11.7m | CN¥87.4m | CN¥51.6m | CN¥62.4m | CN¥53.8m | CN¥75.9m | CN¥96.4m | CN¥90.4m |
| Operating income | −CN¥14.3m | CN¥61.4m | CN¥25.2m | CN¥4.7m | CN¥26.3m | CN¥50.7m | CN¥59.2m | CN¥54.9m |
| Net income | −CN¥29.9m | CN¥32.7m | CN¥24.9m | CN¥49,154 | CN¥17.5m | CN¥33.1m | CN¥41.7m | CN¥42.5m |
| Diluted earnings per share | -0.07 | 0.08 | 0.06 | 0.00 | 0.04 | 0.08 | 0.08 | 0.08 |
| Cash from operations | — | — | — | CN¥129.0m | CN¥64.0m | CN¥25.0m | CN¥87.0m | CN¥18.0m |
| Capital spending | −CN¥25.0m | −CN¥12.0m | −CN¥10.0m | −CN¥176.0m | −CN¥30.0m | −CN¥34.0m | −CN¥13.0m | −CN¥41.0m |
| Free cash flow | — | — | — | −CN¥47.0m | CN¥34.0m | −CN¥9.0m | CN¥74.0m | −CN¥23.0m |
| Total assets | CN¥3.29bn | CN¥3.41bn | CN¥3.40bn | CN¥3.31bn | CN¥3.30bn | CN¥3.35bn | CN¥3.27bn | CN¥3.29bn |
| Cash and short-term investments | — | — | — | CN¥174.1m | CN¥187.8m | CN¥194.4m | CN¥189.6m | CN¥159.1m |
| Debt | CN¥657.2m | CN¥670.0m | CN¥661.0m | CN¥289.6m | CN¥740.1m | CN¥840.1m | CN¥680.0m | CN¥837.8m |
| Shareholders' equity | CN¥1.86bn | CN¥1.98bn | CN¥1.94bn | CN¥1.93bn | CN¥1.86bn | CN¥1.96bn | CN¥1.93bn | CN¥1.90bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.6% | 12.6% | 18.3% | 23.1% | 31.5% | 17.2% |
| Operating margin | 4.5% | 9.1% | 15.4% | 19.6% | 28.4% | 15.8% |
| Net margin | 2.9% | 6.6% | 11.8% | 14.8% | 23.5% | 11.3% |
| Return on equity | 3.9% | 9.9% | 14.0% | 22.1% | 31.4% | 16.4% |
| Return on assets | 2.2% | 5.8% | 8.4% | 14.9% | 23.8% | 11.4% |
| Free cash flow yield | 9.8% | 2.1% | 8.6% | 13.7% | 4.9% | 3.0% |
| Revenue growth | -9.5% | 37.1% | -17.5% | 21.1% | 83.7% | 1.4% |
| Earnings growth | -60.4% | -23.2% | -34.4% | -23.6% | 283.1% | 2.0% |
| Current ratio | 0.95x | 1.46x | 0.58x | 1.21x | 2.98x | 1.67x |
| Debt to equity | 0.34x | 0.35x | 0.16x | 0.06x | 0.03x | 0.14x |
| Equity ratio | 57.1% | 58.9% | 59.8% | 67.3% | 76.0% | 69.3% |
| Interest coverage | 4.92x | 14.79x | 65.02x | 115.13x | 196.60x | 122.74x |
| R&D as a share of sales | 2.1% | 2.1% | 2.0% | 1.5% | 1.0% | 1.0% |
| Buybacks as a share of market value | 22.6% | -19.4% | -3.9% | -11.5% | -4.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 17.9% | — |
| Net income | -41.6% | -10.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.0% | 15.6% | 18.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 73.5 | 24.9 | 19.9 | 15.4 | 18.4 |
| Price to sales | 2.1 | 1.6 | 2.3 | 2.3 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 25 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.265 | 0.282 | 0.432 | 0.576 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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