H 
6.13
-2.08%
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¥8.91bn
FY2016FY2025
Net income
−CN¥9.8m
FY2016FY2025
Free cash flow
CN¥496.8m
FY2016FY2025
Shareholders' equity
CN¥3.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.91bn | CN¥8.45bn | CN¥7.98bn | CN¥8.02bn | CN¥8.14bn | CN¥6.53bn | CN¥3.83bn | CN¥3.05bn | CN¥2.34bn | CN¥1.72bn |
| Gross profit | CN¥3.50bn | CN¥3.09bn | CN¥3.03bn | CN¥2.47bn | CN¥2.26bn | CN¥2.18bn | CN¥1.50bn | CN¥964.1m | CN¥681.1m | CN¥568.0m |
| Research and development | CN¥136.8m | CN¥141.5m | CN¥115.7m | CN¥95.3m | CN¥124.2m | CN¥110.2m | CN¥101.2m | CN¥88.8m | CN¥80.1m | CN¥52.9m |
| Operating income | CN¥306.2m | −CN¥293.0m | CN¥168.4m | CN¥96.8m | −CN¥39.2m | CN¥515.3m | CN¥496.0m | CN¥241.8m | CN¥183.9m | CN¥231.6m |
| Net income | −CN¥9.8m | −CN¥151.4m | CN¥106.6m | CN¥41.4m | −CN¥275.5m | CN¥378.6m | CN¥373.7m | CN¥186.1m | CN¥155.8m | CN¥200.4m |
| Diluted earnings per share | -0.02 | -0.28 | 0.23 | 0.12 | -0.38 | 0.86 | 0.83 | 0.47 | 0.39 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.63bn | CN¥9.62bn | CN¥10.07bn | CN¥9.08bn | CN¥9.20bn | CN¥7.08bn | CN¥4.62bn | CN¥3.38bn | CN¥2.31bn | CN¥1.99bn |
| Cash and short-term investments | — | CN¥1.10bn | CN¥1.12bn | CN¥577.5m | CN¥1.06bn | CN¥1.11bn | CN¥810.7m | CN¥1.06bn | CN¥617.0m | CN¥602.2m |
| Total liabilities | CN¥6.09bn | CN¥5.94bn | CN¥6.12bn | CN¥6.01bn | CN¥6.20bn | CN¥3.38bn | CN¥2.22bn | CN¥1.49bn | CN¥763.8m | CN¥322.9m |
| Debt | CN¥238.5m | CN¥3.35bn | CN¥4.05bn | CN¥4.06bn | CN¥4.06bn | CN¥1.94bn | CN¥1.48bn | CN¥1.04bn | CN¥401.2m | CN¥96.8m |
| Shareholders' equity | CN¥3.50bn | CN¥3.63bn | CN¥3.88bn | CN¥2.98bn | CN¥2.91bn | CN¥3.56bn | CN¥2.33bn | CN¥1.85bn | CN¥1.53bn | CN¥1.66bn |
| Shares outstanding | 578m | 543m | 465m | 357m | 733m | 442m | 450m | 396m | 396m | 405m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥883.1m | CN¥963.9m | CN¥916.6m | CN¥565.4m | CN¥67.9m | CN¥582.5m | CN¥129.8m | CN¥175.0m | CN¥58.8m | CN¥149.7m |
| Capital spending | −CN¥386.3m | −CN¥379.3m | −CN¥414.5m | −CN¥631.1m | −CN¥539.4m | −CN¥915.4m | −CN¥784.1m | −CN¥418.6m | −CN¥190.1m | −CN¥108.5m |
| Free cash flow | CN¥496.8m | CN¥584.6m | CN¥502.1m | −CN¥65.7m | −CN¥471.5m | −CN¥332.9m | −CN¥654.3m | −CN¥243.6m | −CN¥131.3m | CN¥41.2m |
| Dividends paid | −CN¥109.8m | −CN¥125.8m | −CN¥151.8m | −CN¥135.5m | −CN¥258.4m | −CN¥71.3m | −CN¥98.2m | −CN¥23.1m | −CN¥298.9m | −CN¥50.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.40bn | CN¥2.25bn | CN¥2.16bn | CN¥2.44bn | CN¥2.27bn | CN¥2.04bn | CN¥2.32bn | CN¥2.18bn |
| Gross profit | CN¥965.1m | CN¥869.1m | CN¥832.9m | CN¥977.6m | CN¥885.7m | CN¥804.2m | CN¥811.6m | CN¥779.7m |
| Operating income | CN¥135.5m | CN¥88.7m | CN¥37.5m | CN¥51.0m | CN¥104.4m | CN¥74.6m | CN¥65.7m | −CN¥277.3m |
| Net income | CN¥43.4m | −CN¥38.1m | −CN¥170.7m | CN¥46.3m | CN¥55.8m | CN¥58.7m | CN¥1.6m | −CN¥205.6m |
| Diluted earnings per share | 0.08 | -0.07 | -0.30 | 0.08 | 0.10 | 0.10 | 0.00 | -0.38 |
| Cash from operations | — | — | — | CN¥374.0m | CN¥97.0m | CN¥150.0m | — | CN¥293.0m |
| Capital spending | −CN¥90.0m | −CN¥92.0m | −CN¥166.0m | −CN¥59.0m | −CN¥105.0m | −CN¥55.0m | −CN¥119.0m | −CN¥71.0m |
| Free cash flow | — | — | — | CN¥315.0m | −CN¥8.0m | CN¥95.0m | — | CN¥222.0m |
| Total assets | CN¥9.47bn | CN¥9.60bn | CN¥9.63bn | CN¥9.79bn | CN¥9.76bn | CN¥9.57bn | CN¥9.62bn | CN¥9.93bn |
| Cash and short-term investments | — | — | — | CN¥934.0m | CN¥1.02bn | CN¥1.04bn | CN¥1.10bn | CN¥931.0m |
| Debt | CN¥238.1m | CN¥262.9m | CN¥238.5m | CN¥2.15bn | CN¥2.08bn | CN¥1.99bn | CN¥1.93bn | CN¥1.96bn |
| Shareholders' equity | CN¥3.40bn | CN¥3.40bn | CN¥3.50bn | CN¥3.69bn | CN¥3.75bn | CN¥3.70bn | CN¥3.63bn | CN¥3.76bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.3% | 36.6% | 38.0% | 30.8% | 27.8% | 33.4% |
| Operating margin | 2.2% | 1.7% | 6.3% | 3.3% | -0.5% | 9.7% |
| Net margin | -0.1% | -1.8% | 1.3% | 0.5% | -3.4% | 5.8% |
| Return on equity | -0.3% | -4.2% | 2.7% | 1.4% | -9.5% | 10.6% |
| Return on assets | -0.1% | -1.6% | 1.1% | 0.5% | -3.0% | 5.4% |
| Free cash flow yield | 34.8% | 39.2% | 45.4% | 53.2% | 13.2% | 53.8% |
| Revenue growth | 5.5% | 5.9% | -0.5% | -1.5% | 24.6% | 70.4% |
| Earnings growth | -93.5% | -242.0% | 157.7% | -115.0% | -172.8% | 1.3% |
| Current ratio | 1.03x | 1.01x | 1.09x | 0.99x | 1.06x | 1.43x |
| Debt to equity | 0.07x | 0.53x | 0.45x | 0.91x | 0.82x | 0.48x |
| Equity ratio | 36.3% | 37.7% | 38.6% | 32.8% | 31.6% | 50.3% |
| Interest coverage | 1.34x | 0.47x | 1.49x | 1.45x | -0.17x | 4.02x |
| R&D as a share of sales | 1.5% | 1.7% | 1.5% | 1.2% | 1.5% | 1.7% |
| Buybacks as a share of market value | -6.4% | -16.8% | -30.3% | 51.3% | -65.9% | 1.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 6.4% | 20.5% |
| Operating income | 46.8% | -9.9% | 4.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.0% | 36.2% | 34.4% | 34.3% |
| Operating margin | 0.1% | 0.8% | 1.6% | 3.5% |
| Net margin | -0.9% | -0.0% | 0.2% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -525.9 | -24.2 | 45.8 | 91.5 | -46.0 | 29.1 | 19.6 | 26.4 | 40.3 | 45.9 |
| Price to sales | 0.6 | 0.4 | 0.6 | 0.5 | 1.6 | 1.7 | 1.9 | 1.6 | 2.7 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 9 Jan 2025.
| FY2024 | FY2021 | FY2019 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.269 | 0.237 | 0.71 |
- 13-for-10 split · 14 Jul 2021
- 13-for-10 split · 3 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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