A 
8.27
-0.72%
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¥11.05bn
FY2016FY2025
Net income
CN¥63.1m
FY2016FY2025
Free cash flow
−CN¥462.8m
FY2016FY2025
Shareholders' equity
CN¥2.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥11.05bn | CN¥9.32bn | CN¥7.58bn | CN¥7.13bn | CN¥6.78bn | CN¥3.84bn | CN¥3.22bn | CN¥3.21bn | CN¥2.98bn | CN¥2.15bn |
| Gross profit | CN¥130.0m | CN¥257.1m | CN¥272.0m | CN¥283.6m | CN¥305.6m | CN¥168.6m | CN¥199.3m | CN¥210.6m | CN¥223.7m | CN¥208.2m |
| Research and development | CN¥103.7m | CN¥80.1m | CN¥74.6m | CN¥67.6m | CN¥57.2m | CN¥37.1m | CN¥34.2m | CN¥44.2m | CN¥58.2m | CN¥60.4m |
| Operating income | CN¥115.4m | CN¥142.0m | CN¥132.9m | CN¥165.0m | CN¥167.1m | CN¥74.1m | CN¥105.9m | CN¥106.0m | CN¥97.2m | CN¥93.2m |
| Net income | CN¥63.1m | CN¥127.3m | CN¥114.9m | CN¥140.4m | CN¥137.5m | CN¥62.7m | CN¥92.8m | CN¥93.6m | CN¥85.6m | CN¥74.5m |
| Diluted earnings per share | 0.21 | 0.39 | 0.38 | 0.60 | 0.55 | 0.27 | 0.37 | 0.39 | 0.36 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.00bn | CN¥4.10bn | CN¥3.06bn | CN¥2.17bn | CN¥1.92bn | CN¥1.41bn | CN¥1.21bn | CN¥1.10bn | CN¥1.12bn | CN¥651.4m |
| Cash and short-term investments | — | CN¥183.0m | CN¥385.8m | CN¥216.7m | CN¥188.6m | CN¥113.0m | CN¥288.4m | CN¥386.1m | CN¥397.4m | CN¥120.6m |
| Total liabilities | CN¥2.81bn | CN¥2.05bn | CN¥1.10bn | CN¥982.8m | CN¥853.8m | CN¥459.6m | CN¥286.0m | CN¥230.8m | CN¥309.1m | CN¥274.0m |
| Debt | CN¥137.1m | CN¥1.17bn | CN¥632.6m | CN¥480.0m | CN¥594.7m | CN¥355.4m | CN¥170.2m | CN¥155.0m | CN¥215.0m | CN¥160.0m |
| Shareholders' equity | CN¥2.08bn | CN¥2.01bn | CN¥1.93bn | CN¥1.15bn | CN¥1.05bn | CN¥948.4m | CN¥925.2m | CN¥868.6m | CN¥806.7m | CN¥377.4m |
| Shares outstanding | 303m | 325m | 305m | 233m | 252m | 233m | 248m | 241m | 241m | 177m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥298.4m | −CN¥627.7m | −CN¥351.4m | CN¥443.6m | −CN¥17.9m | −CN¥218.7m | CN¥22.6m | CN¥137.5m | −CN¥101.7m | CN¥70.7m |
| Capital spending | −CN¥164.4m | −CN¥149.3m | −CN¥330.6m | −CN¥296.7m | −CN¥83.0m | −CN¥83.0m | −CN¥97.1m | −CN¥55.4m | −CN¥11.0m | −CN¥9.5m |
| Free cash flow | −CN¥462.8m | −CN¥777.0m | −CN¥682.0m | CN¥147.0m | −CN¥100.8m | −CN¥301.7m | −CN¥74.5m | CN¥82.1m | −CN¥112.6m | CN¥61.1m |
| Dividends paid | −CN¥91.8m | −CN¥81.4m | −CN¥85.6m | −CN¥48.8m | −CN¥29.3m | −CN¥38.3m | −CN¥34.8m | −CN¥40.6m | −CN¥30.4m | −CN¥27.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.55bn | CN¥3.79bn | CN¥3.32bn | CN¥2.93bn | CN¥2.61bn | CN¥2.20bn | CN¥2.67bn | CN¥2.60bn |
| Gross profit | CN¥88.0m | CN¥154.4m | CN¥36.7m | CN¥39.3m | CN¥35.9m | CN¥18.1m | CN¥39.9m | CN¥67.1m |
| Operating income | CN¥36.6m | CN¥110.4m | −CN¥20.4m | CN¥2.9m | CN¥35.7m | CN¥93.8m | CN¥37.4m | CN¥34.4m |
| Net income | CN¥24.1m | CN¥38.4m | −CN¥37.0m | CN¥4.9m | CN¥23.2m | CN¥72.1m | CN¥35.6m | CN¥26.5m |
| Diluted earnings per share | 0.08 | 0.13 | -0.12 | 0.02 | 0.08 | 0.24 | 0.11 | 0.08 |
| Cash from operations | — | — | — | −CN¥289.0m | CN¥152.0m | CN¥19.0m | — | −CN¥244.0m |
| Capital spending | −CN¥13.0m | −CN¥9.0m | −CN¥24.0m | −CN¥33.0m | −CN¥59.0m | −CN¥47.0m | −CN¥22.0m | −CN¥53.0m |
| Free cash flow | — | — | — | −CN¥322.0m | CN¥93.0m | −CN¥28.0m | — | −CN¥297.0m |
| Total assets | CN¥5.96bn | CN¥5.27bn | CN¥5.00bn | CN¥5.03bn | CN¥4.62bn | CN¥4.30bn | CN¥4.10bn | CN¥4.04bn |
| Cash and short-term investments | — | — | — | CN¥762.4m | CN¥689.8m | CN¥319.5m | CN¥183.0m | CN¥227.4m |
| Debt | CN¥132.1m | CN¥163.0m | CN¥137.1m | CN¥2.20bn | CN¥1.32bn | CN¥1.27bn | CN¥1.17bn | CN¥1.21bn |
| Shareholders' equity | CN¥2.11bn | CN¥2.12bn | CN¥2.08bn | CN¥2.06bn | CN¥2.06bn | CN¥2.08bn | CN¥2.01bn | CN¥1.97bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 1.2% | 2.8% | 3.6% | 4.0% | 4.5% | 4.4% |
| Operating margin | 1.1% | 1.9% | 2.1% | 2.7% | 2.8% | 2.2% |
| Net margin | 0.6% | 1.4% | 1.5% | 2.0% | 2.0% | 1.6% |
| Return on equity | 3.0% | 6.3% | 6.0% | 12.2% | 13.0% | 6.6% |
| Return on assets | 1.3% | 3.1% | 3.8% | 6.5% | 7.2% | 4.4% |
| Free cash flow yield | -5.0% | -16.6% | -0.8% | 35.8% | 2.9% | -6.6% |
| Revenue growth | 18.5% | 22.9% | 6.4% | 5.2% | 76.7% | 19.0% |
| Earnings growth | -50.4% | 10.8% | -18.2% | 2.1% | 119.4% | -32.4% |
| Current ratio | 1.37x | 1.55x | 2.32x | 1.81x | 1.85x | 2.39x |
| Debt to equity | 0.07x | 0.58x | 0.33x | 0.41x | 0.55x | 0.37x |
| Equity ratio | 41.7% | 49.0% | 63.1% | 53.2% | 54.9% | 67.1% |
| Interest coverage | 3.19x | 5.09x | 6.35x | 7.73x | 8.70x | 7.95x |
| R&D as a share of sales | 0.9% | 0.9% | 1.0% | 0.9% | 0.8% | 1.0% |
| Buybacks as a share of market value | 6.5% | -6.5% | -30.7% | 7.4% | -7.9% | 5.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.7% | 23.6% | 17.5% |
| Operating income | -11.2% | 9.3% | 5.9% |
| Net income | -23.4% | 0.1% | 0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.9% | 2.7% | 3.1% | 4.1% |
| Operating margin | 1.3% | 1.6% | 1.7% | 2.1% |
| Net margin | 0.9% | 1.3% | 1.4% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 53.3 | 24.5 | 28.7 | 23.4 | 22.1 | 29.9 | 22.6 | 19.1 | 42.9 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.7 | 0.6 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 22 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.16 | 0.15 | 0.20 | 0.20 | 0.12 | 0.157 | 0.143 |
- 7-for-5 split · 8 Jun 2020
- 7-for-5 split · 24 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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