Z 
10.19
+1.19%
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¥1.41bn
FY2016FY2025
Net income
−CN¥225.6m
FY2016FY2025
Free cash flow
−CN¥15.9m
FY2016FY2025
Shareholders' equity
CN¥1.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.41bn | CN¥1.53bn | CN¥1.44bn | CN¥1.29bn | CN¥1.22bn | CN¥967.6m | CN¥852.1m | CN¥774.5m | CN¥727.6m | CN¥549.2m |
| Gross profit | CN¥436.7m | CN¥300.7m | CN¥325.5m | CN¥240.3m | CN¥251.7m | CN¥237.5m | CN¥207.6m | CN¥191.3m | CN¥185.9m | CN¥146.3m |
| Research and development | CN¥52.6m | CN¥48.8m | CN¥43.3m | CN¥45.3m | CN¥37.4m | CN¥28.0m | CN¥26.7m | CN¥24.7m | CN¥20.9m | CN¥17.0m |
| Operating income | CN¥121.1m | CN¥3.7m | CN¥149.5m | CN¥111.0m | CN¥136.6m | CN¥99.6m | CN¥89.5m | CN¥87.4m | CN¥74.3m | CN¥74.9m |
| Net income | −CN¥225.6m | CN¥33.0m | CN¥118.9m | CN¥67.4m | CN¥91.8m | CN¥81.5m | CN¥74.7m | CN¥70.5m | CN¥62.9m | CN¥55.6m |
| Diluted earnings per share | -1.17 | 0.15 | 0.60 | 0.38 | 0.55 | 0.46 | 0.43 | 0.40 | 0.34 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.04bn | CN¥3.26bn | CN¥3.25bn | CN¥2.11bn | CN¥2.09bn | CN¥1.89bn | CN¥1.50bn | CN¥1.09bn | CN¥1.03bn | CN¥722.2m |
| Cash and short-term investments | — | CN¥225.2m | CN¥387.9m | CN¥113.2m | CN¥134.5m | CN¥193.7m | CN¥183.7m | CN¥67.2m | CN¥72.4m | CN¥27.2m |
| Total liabilities | CN¥2.03bn | CN¥1.95bn | CN¥1.92bn | CN¥1.11bn | CN¥1.12bn | CN¥937.6m | CN¥663.9m | CN¥367.3m | CN¥350.5m | CN¥363.1m |
| Debt | CN¥166.2m | CN¥828.1m | CN¥551.7m | CN¥682.2m | CN¥726.0m | CN¥598.9m | CN¥420.0m | CN¥221.7m | CN¥240.2m | CN¥251.6m |
| Shareholders' equity | CN¥1.04bn | CN¥1.28bn | CN¥1.28bn | CN¥930.4m | CN¥895.3m | CN¥873.6m | CN¥762.2m | CN¥718.3m | CN¥678.0m | CN¥355.4m |
| Shares outstanding | 193m | 221m | 198m | 176m | 168m | 178m | 174m | 177m | 183m | 137m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥281.8m | CN¥178.5m | CN¥285.8m | CN¥180.2m | −CN¥4.8m | CN¥9.3m | CN¥34.9m | CN¥38.1m | −CN¥93.9m | CN¥95.1m |
| Capital spending | −CN¥297.8m | −CN¥489.8m | −CN¥257.5m | −CN¥142.8m | −CN¥218.8m | −CN¥288.9m | −CN¥300.7m | −CN¥115.9m | −CN¥55.3m | −CN¥45.1m |
| Free cash flow | −CN¥15.9m | −CN¥311.3m | CN¥28.3m | CN¥37.4m | −CN¥223.6m | −CN¥279.6m | −CN¥265.7m | −CN¥77.8m | −CN¥149.3m | CN¥50.0m |
| Dividends paid | −CN¥36.6m | −CN¥62.9m | −CN¥22.2m | −CN¥44.5m | −CN¥35.6m | −CN¥30.0m | −CN¥30.0m | −CN¥37.1m | −CN¥12.6m | −CN¥13.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥357.4m | CN¥330.9m | CN¥303.8m | CN¥330.2m | CN¥386.6m | CN¥388.1m | CN¥423.3m | CN¥334.8m |
| Gross profit | CN¥67.6m | CN¥67.6m | CN¥62.8m | CN¥82.1m | CN¥72.3m | CN¥83.1m | CN¥59.6m | CN¥72.4m |
| Operating income | CN¥19.6m | CN¥24.9m | CN¥16.3m | CN¥16.5m | CN¥25.5m | CN¥23.3m | CN¥2.6m | −CN¥50.3m |
| Net income | CN¥101.4m | CN¥606,574 | −CN¥285.4m | CN¥15.5m | CN¥22.7m | CN¥21.5m | CN¥11.6m | −CN¥34.1m |
| Diluted earnings per share | 0.53 | 0.00 | -1.48 | 0.08 | 0.12 | 0.11 | 0.05 | -0.15 |
| Cash from operations | — | — | — | CN¥114.0m | CN¥114.0m | CN¥46.0m | — | CN¥41.0m |
| Capital spending | −CN¥72.0m | −CN¥113.0m | −CN¥77.0m | −CN¥92.0m | −CN¥84.0m | −CN¥43.0m | −CN¥30.0m | −CN¥72.0m |
| Free cash flow | — | — | — | CN¥22.0m | CN¥30.0m | CN¥3.0m | — | −CN¥31.0m |
| Total assets | CN¥3.23bn | CN¥3.16bn | CN¥3.04bn | CN¥3.32bn | CN¥3.40bn | CN¥3.34bn | CN¥3.26bn | CN¥3.13bn |
| Cash and short-term investments | — | — | — | CN¥219.5m | CN¥301.6m | CN¥272.2m | CN¥225.2m | CN¥157.1m |
| Debt | CN¥308.0m | CN¥237.8m | CN¥166.2m | CN¥730.4m | CN¥584.5m | CN¥643.3m | CN¥619.5m | CN¥638.0m |
| Shareholders' equity | CN¥1.14bn | CN¥1.04bn | CN¥1.04bn | CN¥1.33bn | CN¥1.31bn | CN¥1.30bn | CN¥1.28bn | CN¥1.27bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.3% | 19.6% | 22.6% | 18.7% | 20.7% | 24.5% |
| Operating margin | -11.4% | 2.5% | 11.3% | 8.8% | 11.5% | 13.2% |
| Net margin | -16.0% | 2.2% | 8.3% | 5.2% | 7.5% | 8.4% |
| Return on equity | -21.7% | 2.6% | 9.3% | 7.2% | 10.3% | 9.3% |
| Return on assets | -7.4% | 1.0% | 3.7% | 3.2% | 4.4% | 4.3% |
| Free cash flow yield | 25.0% | 25.1% | 22.8% | 15.3% | 10.6% | 13.9% |
| Revenue growth | -8.2% | 6.6% | 11.8% | 5.7% | 25.9% | 13.6% |
| Earnings growth | -783.4% | -72.2% | 76.5% | -26.7% | 12.7% | 9.1% |
| Current ratio | 0.81x | 0.89x | 0.86x | 1.20x | 1.19x | 1.40x |
| Debt to equity | 0.16x | 0.52x | 0.48x | 0.73x | 0.81x | 0.67x |
| Equity ratio | 34.2% | 39.4% | 39.5% | 44.0% | 42.8% | 46.3% |
| Interest coverage | -4.19x | 1.09x | 8.41x | 3.46x | 4.36x | 4.42x |
| R&D as a share of sales | 3.7% | 3.2% | 3.0% | 3.5% | 3.1% | 2.9% |
| Buybacks as a share of market value | 12.8% | -11.7% | -12.7% | -4.9% | 5.9% | -2.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 7.8% | 11.5% |
| Operating income | 2.9% | 4.0% | 11.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.0% | 23.0% | 22.8% | 23.6% |
| Operating margin | 4.2% | 6.8% | 7.9% | 8.8% |
| Net margin | -6.5% | -0.1% | 2.1% | 4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.2 | 60.4 | 21.9 | 30.4 | 23.4 | 22.8 | 27.2 | 26.3 | 41.1 |
| Price to sales | 1.9 | 1.3 | 1.8 | 1.6 | 1.8 | 1.9 | 2.4 | 2.4 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 May 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.25 | 0.20 | 0.169 | 0.169 | 0.143 |
- 7-for-5 split · 20 Jul 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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