A 
21.90
+4.68%
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¥25.09bn
FY2016FY2025
Net income
CN¥2.03bn
FY2016FY2025
Free cash flow
CN¥1.07bn
FY2016FY2025
Shareholders' equity
CN¥9.99bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.09bn | CN¥21.61bn | CN¥21.04bn | CN¥20.80bn | CN¥15.40bn | CN¥12.90bn | CN¥10.42bn | CN¥8.99bn | CN¥7.79bn | CN¥6.44bn |
| Gross profit | CN¥4.59bn | CN¥3.82bn | CN¥3.47bn | CN¥3.40bn | CN¥1.80bn | CN¥1.47bn | CN¥1.42bn | CN¥1.17bn | CN¥1.01bn | CN¥1.09bn |
| Research and development | CN¥771.1m | CN¥658.7m | CN¥589.5m | CN¥506.7m | CN¥404.1m | CN¥239.4m | CN¥197.0m | CN¥149.8m | CN¥116.3m | CN¥96.2m |
| Operating income | CN¥2.12bn | CN¥2.31bn | CN¥2.19bn | CN¥2.23bn | CN¥738.9m | CN¥764.2m | CN¥666.1m | CN¥551.8m | CN¥369.3m | CN¥540.4m |
| Net income | CN¥2.03bn | CN¥1.99bn | CN¥1.88bn | CN¥1.87bn | CN¥664.0m | CN¥598.5m | CN¥521.5m | CN¥428.3m | CN¥262.8m | CN¥449.1m |
| Diluted earnings per share | 2.11 | 2.26 | 2.00 | 2.24 | 0.79 | 0.84 | 0.73 | 0.44 | 0.27 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥25.58bn | CN¥23.32bn | CN¥19.89bn | CN¥18.47bn | CN¥13.40bn | CN¥9.56bn | CN¥7.83bn | CN¥6.10bn | CN¥5.55bn | CN¥5.64bn |
| Cash and short-term investments | — | CN¥6.58bn | CN¥6.84bn | CN¥6.78bn | CN¥4.11bn | CN¥1.71bn | CN¥3.65bn | CN¥2.24bn | CN¥2.59bn | CN¥2.17bn |
| Total liabilities | CN¥15.49bn | CN¥14.18bn | CN¥12.11bn | CN¥11.74bn | CN¥8.42bn | CN¥6.91bn | CN¥5.79bn | CN¥4.56bn | CN¥4.48bn | CN¥4.62bn |
| Debt | CN¥1.85bn | CN¥1.84bn | CN¥1.71bn | CN¥570.5m | CN¥52.5m | CN¥4.62bn | — | CN¥2.62bn | CN¥2.54bn | CN¥2.97bn |
| Shareholders' equity | CN¥9.99bn | CN¥9.03bn | CN¥7.71bn | CN¥6.72bn | CN¥4.97bn | CN¥2.63bn | CN¥2.03bn | CN¥1.51bn | CN¥1.05bn | CN¥1.01bn |
| Shares outstanding | 965m | 880m | 939m | 836m | 841m | 712m | 713m | 965m | 965m | 965m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.78bn | CN¥3.17bn | CN¥2.26bn | CN¥5.05bn | CN¥2.09bn | CN¥1.15bn | CN¥1.41bn | CN¥727.3m | CN¥1.41bn | CN¥873.4m |
| Capital spending | −CN¥2.72bn | −CN¥3.39bn | −CN¥1.96bn | −CN¥842.3m | −CN¥659.6m | −CN¥363.5m | −CN¥605.9m | −CN¥907.2m | −CN¥178.7m | −CN¥297.1m |
| Free cash flow | CN¥1.07bn | −CN¥228.6m | CN¥304.5m | CN¥4.21bn | CN¥1.43bn | CN¥791.1m | CN¥807.8m | −CN¥179.9m | CN¥1.23bn | CN¥576.3m |
| Dividends paid | −CN¥1.06bn | −CN¥751.7m | −CN¥1.05bn | −CN¥205.3m | — | — | — | −CN¥80.0m | −CN¥707.4m | −CN¥240.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.36bn | CN¥5.08bn | CN¥4.00bn | CN¥8.06bn | CN¥6.80bn | CN¥6.23bn | CN¥4.14bn | CN¥6.87bn |
| Gross profit | CN¥1.19bn | CN¥804.4m | CN¥630.7m | CN¥1.45bn | CN¥1.28bn | CN¥1.22bn | CN¥780.5m | CN¥1.15bn |
| Operating income | CN¥472.5m | CN¥198.2m | CN¥47.2m | CN¥709.3m | CN¥710.2m | CN¥732.1m | CN¥500.6m | CN¥687.6m |
| Net income | CN¥468.9m | CN¥196.1m | CN¥127.1m | CN¥694.8m | CN¥607.9m | CN¥604.7m | CN¥434.4m | CN¥602.9m |
| Diluted earnings per share | 0.49 | 0.20 | 0.13 | 0.72 | 0.63 | 0.63 | 0.49 | 0.69 |
| Cash from operations | — | — | — | CN¥3.03bn | CN¥1.28bn | CN¥1.30bn | — | CN¥2.77bn |
| Capital spending | −CN¥379.0m | −CN¥765.0m | −CN¥614.0m | −CN¥917.0m | −CN¥632.0m | −CN¥550.0m | −CN¥1.10bn | −CN¥889.0m |
| Free cash flow | — | — | — | CN¥2.12bn | CN¥652.0m | CN¥751.0m | — | CN¥1.88bn |
| Total assets | CN¥24.55bn | CN¥24.94bn | CN¥25.58bn | CN¥27.47bn | CN¥25.26bn | CN¥24.26bn | CN¥23.32bn | CN¥23.90bn |
| Cash and short-term investments | — | — | — | CN¥7.93bn | CN¥7.27bn | CN¥7.49bn | CN¥6.58bn | CN¥8.23bn |
| Debt | CN¥2.18bn | CN¥1.87bn | CN¥1.85bn | CN¥7.19bn | CN¥1.82bn | CN¥1.84bn | CN¥1.82bn | CN¥1.78bn |
| Shareholders' equity | CN¥10.12bn | CN¥10.21bn | CN¥9.99bn | CN¥9.95bn | CN¥9.76bn | CN¥9.64bn | CN¥9.03bn | CN¥8.72bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 18.3% | 17.7% | 16.5% | 16.4% | 11.7% | 11.4% | — |
| Operating margin | 8.4% | 10.7% | 10.4% | 10.7% | 4.8% | 5.9% | — |
| Net margin | 8.1% | 9.2% | 8.9% | 9.0% | 4.3% | 4.6% | — |
| Return on equity | 20.4% | 22.0% | 24.4% | 27.9% | 13.3% | 22.8% | — |
| Return on assets | 8.0% | 8.5% | 9.5% | 10.1% | 5.0% | 6.3% | — |
| Free cash flow yield | 32.3% | 35.7% | 21.6% | 33.8% | 15.7% | 10.2% | — |
| Revenue growth | 16.1% | 2.7% | 1.1% | 35.1% | 19.3% | 23.8% | — |
| Earnings growth | 2.3% | 5.7% | 0.4% | 182.1% | 10.9% | 14.8% | — |
| Current ratio | 0.87x | 0.86x | 0.95x | 1.01x | 0.67x | 0.54x | — |
| Debt to equity | 0.18x | 0.20x | 0.21x | 0.08x | 0.00x | — | 0.00x |
| Equity ratio | 39.1% | 38.7% | 38.8% | 36.4% | 37.1% | 27.5% | — |
| Interest coverage | 27.27x | 55.73x | 88.78x | 256.93x | 395.14x | 57.63x | — |
| R&D as a share of sales | 3.1% | 3.0% | 2.8% | 2.4% | 2.6% | 1.9% | — |
| Buybacks as a share of market value | -9.7% | 6.3% | -12.3% | 0.6% | -18.2% | 0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.5% | 14.2% | 15.6% |
| Operating income | -1.8% | 22.6% | 16.8% |
| Net income | 2.8% | 27.7% | 18.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 17.3% | 15.9% | 15.5% |
| Operating margin | 9.5% | 10.0% | 8.9% | 8.3% |
| Net margin | 8.6% | 8.8% | 7.7% | 7.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 14.1 | 18.1 | 12.5 | 13.7 | 27.5 |
| Price to sales | 1.1 | 1.7 | 1.1 | 1.2 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.544 | 1.22 | 0.866 | 1.652 | 0.333 |
- 3-for-2 split · 19 May 2023
- 7-for-5 split · 28 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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