Z 
8.05
-1.59%
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¥2.45bn
FY2016FY2025
Net income
CN¥10.2m
FY2016FY2025
Free cash flow
−CN¥265.5m
FY2016FY2025
Shareholders' equity
CN¥2.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.45bn | CN¥2.35bn | CN¥2.20bn | CN¥2.13bn | CN¥2.00bn | CN¥1.37bn | CN¥1.31bn | CN¥890.5m | CN¥710.9m | CN¥672.9m |
| Gross profit | CN¥503.6m | CN¥430.4m | CN¥507.7m | CN¥502.6m | CN¥744.8m | CN¥599.8m | CN¥557.7m | CN¥358.8m | CN¥266.2m | CN¥256.1m |
| Research and development | CN¥128.2m | CN¥140.7m | CN¥134.6m | CN¥132.6m | CN¥124.6m | CN¥87.8m | CN¥77.8m | CN¥66.1m | CN¥53.1m | CN¥49.1m |
| Operating income | CN¥137.1m | −CN¥53.5m | CN¥49.2m | −CN¥55.8m | CN¥399.8m | CN¥293.9m | CN¥230.3m | CN¥126.8m | CN¥106.9m | CN¥93.5m |
| Net income | CN¥10.2m | −CN¥49.1m | CN¥44.2m | −CN¥75.8m | CN¥323.8m | CN¥238.7m | CN¥170.3m | CN¥93.7m | CN¥83.1m | CN¥76.1m |
| Diluted earnings per share | 0.03 | -0.17 | 0.15 | -0.19 | 0.93 | 0.69 | 0.52 | 0.30 | 0.25 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.16bn | CN¥6.05bn | CN¥5.52bn | CN¥5.30bn | CN¥4.90bn | CN¥4.41bn | CN¥3.48bn | CN¥3.07bn | CN¥2.01bn | CN¥1.89bn |
| Cash and short-term investments | — | CN¥603.4m | CN¥565.2m | CN¥662.4m | CN¥845.9m | CN¥930.2m | CN¥433.8m | CN¥187.1m | CN¥197.6m | CN¥162.9m |
| Total liabilities | CN¥3.59bn | CN¥3.41bn | CN¥3.76bn | CN¥3.53bn | CN¥2.68bn | CN¥2.54bn | CN¥2.46bn | CN¥2.14bn | CN¥1.14bn | CN¥1.07bn |
| Debt | CN¥945.2m | CN¥1.98bn | CN¥2.59bn | CN¥2.78bn | CN¥1.91bn | CN¥2.08bn | CN¥2.08bn | CN¥1.85bn | CN¥1.02bn | CN¥925.7m |
| Shareholders' equity | CN¥2.56bn | CN¥2.63bn | CN¥1.75bn | CN¥1.77bn | CN¥2.17bn | CN¥1.82bn | CN¥995.8m | CN¥891.0m | CN¥857.2m | CN¥810.1m |
| Shares outstanding | 403m | 290m | 289m | 402m | 349m | 345m | 330m | 314m | 326m | 329m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.7m | CN¥193.5m | CN¥46.1m | −CN¥78.4m | CN¥508.8m | CN¥174.5m | CN¥246.8m | CN¥191.8m | CN¥18.1m | CN¥7.7m |
| Capital spending | −CN¥269.2m | −CN¥480.6m | −CN¥266.2m | −CN¥472.2m | −CN¥303.9m | −CN¥153.2m | −CN¥133.3m | −CN¥162.4m | −CN¥90.6m | −CN¥188.5m |
| Free cash flow | −CN¥265.5m | −CN¥287.1m | −CN¥220.1m | −CN¥550.6m | CN¥205.0m | CN¥21.3m | CN¥113.5m | CN¥29.4m | −CN¥72.5m | −CN¥180.8m |
| Dividends paid | −CN¥146.0m | −CN¥128.4m | −CN¥68.3m | −CN¥122.4m | −CN¥122.4m | −CN¥58.7m | −CN¥35.9m | −CN¥108.4m | −CN¥88.6m | −CN¥84.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥703.0m | CN¥711.3m | CN¥600.8m | CN¥447.3m | CN¥711.9m | CN¥685.9m | CN¥545.7m | CN¥474.1m |
| Gross profit | CN¥126.4m | CN¥158.3m | CN¥100.9m | CN¥131.5m | CN¥148.8m | CN¥122.4m | CN¥43.5m | CN¥106.7m |
| Operating income | CN¥32.6m | CN¥67.6m | CN¥13.4m | CN¥1.4m | CN¥25.7m | CN¥16.0m | −CN¥70.0m | −CN¥12.1m |
| Net income | CN¥19.0m | CN¥21.0m | −CN¥18.6m | −CN¥310,626 | CN¥14.8m | CN¥14.3m | −CN¥58.1m | −CN¥13.9m |
| Diluted earnings per share | 0.05 | 0.05 | -0.05 | -0.00 | 0.04 | 0.04 | -0.20 | -0.05 |
| Cash from operations | — | — | — | CN¥9.0m | CN¥52.0m | CN¥74.0m | — | −CN¥23.0m |
| Capital spending | −CN¥12.0m | −CN¥54.0m | −CN¥110.0m | −CN¥26.0m | −CN¥55.0m | −CN¥77.0m | −CN¥192.0m | −CN¥135.0m |
| Free cash flow | — | — | — | −CN¥17.0m | −CN¥3.0m | −CN¥3.0m | — | −CN¥158.0m |
| Total assets | CN¥6.00bn | CN¥6.27bn | CN¥6.16bn | CN¥5.85bn | CN¥5.92bn | CN¥6.23bn | CN¥6.05bn | CN¥5.88bn |
| Cash and short-term investments | — | — | — | CN¥257.7m | CN¥433.0m | CN¥411.4m | CN¥603.4m | CN¥686.2m |
| Debt | CN¥1.22bn | CN¥1.17bn | CN¥945.2m | CN¥1.76bn | CN¥2.29bn | CN¥2.13bn | CN¥1.98bn | CN¥2.67bn |
| Shareholders' equity | CN¥2.48bn | CN¥2.58bn | CN¥2.56bn | CN¥2.60bn | CN¥2.63bn | CN¥2.64bn | CN¥2.63bn | CN¥2.67bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.4% | 18.3% | 23.1% | 23.6% | 37.2% | 43.9% |
| Operating margin | 3.5% | 1.9% | 7.0% | 1.5% | 23.6% | 29.1% |
| Net margin | 0.4% | -2.1% | 2.0% | -3.6% | 16.2% | 17.5% |
| Return on equity | 0.4% | -1.9% | 2.5% | -4.3% | 14.9% | 13.1% |
| Return on assets | 0.2% | -0.8% | 0.8% | -1.4% | 6.6% | 5.4% |
| Free cash flow yield | 8.4% | 28.9% | 13.4% | 12.2% | 28.9% | 11.8% |
| Revenue growth | 4.1% | 7.0% | 3.0% | 6.6% | 46.3% | 4.5% |
| Earnings growth | -120.8% | -211.0% | -158.3% | -123.4% | 35.6% | 40.2% |
| Current ratio | 0.93x | 0.83x | 0.77x | 0.79x | 1.09x | 1.27x |
| Debt to equity | 0.37x | 0.96x | 1.48x | 1.58x | 0.75x | 0.91x |
| Equity ratio | 41.6% | 43.5% | 31.8% | 33.3% | 44.4% | 41.4% |
| Interest coverage | 1.09x | 0.44x | 1.42x | 0.32x | 6.20x | 4.24x |
| R&D as a share of sales | 5.2% | 6.0% | 6.1% | 6.2% | 6.2% | 6.4% |
| Buybacks as a share of market value | -38.8% | -0.5% | 28.2% | -15.2% | -1.2% | -4.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | 12.3% | 13.4% |
| Operating income | — | -14.2% | 3.9% |
| Net income | — | -46.7% | -17.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.5% | 21.3% | 26.3% | 29.7% |
| Operating margin | 1.7% | 0.8% | 6.2% | 8.5% |
| Net margin | -0.8% | -0.8% | 3.9% | 5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 370.7 | -51.4 | 91.9 | -103.7 | 50.0 | 67.9 | 42.0 | 32.3 | 41.3 | 75.6 |
| Price to sales | 1.6 | 1.1 | 1.9 | 3.7 | 8.1 | 11.8 | 5.5 | 3.4 | 4.8 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.15 | 0.05 | 0.20 | 0.50 | 0.357 | 0.179 | 0.109 |
- 7-for-5 split · 17 Jun 2022
- 7-for-5 split · 1 Jun 2020
- 7-for-5 split · 25 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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