P 
49.35
-1.40%
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¥10.60bn
FY2016FY2025
Net income
CN¥1.50bn
FY2016FY2025
Free cash flow
CN¥2.02bn
FY2016FY2025
Shareholders' equity
CN¥6.14bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.60bn | CN¥10.78bn | CN¥8.90bn | CN¥6.39bn | CN¥4.63bn | CN¥3.75bn | CN¥3.12bn | CN¥2.36bn | CN¥1.78bn | CN¥1.62bn |
| Gross profit | CN¥7.76bn | CN¥7.60bn | CN¥6.12bn | CN¥4.36bn | CN¥3.04bn | CN¥2.36bn | CN¥1.97bn | CN¥1.50bn | CN¥1.09bn | CN¥991.5m |
| Research and development | CN¥216.8m | CN¥210.4m | CN¥173.6m | CN¥128.0m | CN¥76.6m | CN¥72.2m | CN¥74.6m | CN¥51.3m | CN¥40.8m | CN¥47.5m |
| Operating income | CN¥1.86bn | CN¥1.89bn | CN¥1.50bn | CN¥1.06bn | CN¥671.4m | CN¥555.1m | CN¥461.6m | CN¥388.0m | CN¥238.7m | CN¥172.3m |
| Net income | CN¥1.50bn | CN¥1.55bn | CN¥1.19bn | CN¥817.4m | CN¥576.1m | CN¥476.0m | CN¥392.7m | CN¥287.2m | CN¥200.8m | CN¥153.6m |
| Diluted earnings per share | 3.82 | 3.93 | 3.00 | 2.05 | 1.36 | 1.21 | 1.00 | 0.72 | 0.61 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.49bn | CN¥7.53bn | CN¥7.32bn | CN¥5.78bn | CN¥4.63bn | CN¥3.64bn | CN¥2.98bn | CN¥2.86bn | CN¥2.30bn | CN¥1.50bn |
| Cash and short-term investments | — | CN¥4.08bn | CN¥4.01bn | CN¥3.16bn | CN¥2.39bn | CN¥1.42bn | CN¥1.32bn | CN¥1.46bn | CN¥1.09bn | CN¥307.0m |
| Total liabilities | CN¥2.22bn | CN¥2.04bn | CN¥2.92bn | CN¥2.24bn | CN¥1.75bn | CN¥1.16bn | CN¥909.3m | CN¥1.16bn | CN¥845.1m | CN¥941.7m |
| Debt | CN¥804.4m | CN¥791.0m | CN¥963.2m | CN¥931.0m | CN¥895.8m | CN¥299.3m | CN¥214.3m | CN¥344.9m | CN¥318.3m | CN¥441.5m |
| Shareholders' equity | CN¥6.14bn | CN¥5.40bn | CN¥4.35bn | CN¥3.52bn | CN¥2.88bn | CN¥2.39bn | CN¥2.03bn | CN¥1.69bn | CN¥1.46bn | CN¥560.6m |
| Shares outstanding | 393m | 395m | 398m | 399m | 424m | 395m | 395m | 400m | 331m | 295m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.19bn | CN¥1.11bn | CN¥1.47bn | CN¥1.11bn | CN¥829.7m | CN¥331.6m | CN¥236.0m | CN¥512.9m | CN¥334.2m | CN¥132.9m |
| Capital spending | −CN¥169.3m | −CN¥299.7m | −CN¥179.7m | −CN¥171.0m | −CN¥194.1m | −CN¥184.1m | −CN¥163.7m | −CN¥229.7m | −CN¥80.0m | −CN¥57.5m |
| Free cash flow | CN¥2.02bn | CN¥807.3m | CN¥1.29bn | CN¥940.2m | CN¥635.6m | CN¥147.5m | CN¥72.2m | CN¥283.2m | CN¥254.2m | CN¥75.4m |
| Dividends paid | −CN¥795.6m | −CN¥370.7m | −CN¥397.5m | −CN¥172.9m | −CN¥144.8m | −CN¥118.7m | −CN¥86.6m | −CN¥76.1m | −CN¥20.6m | −CN¥40.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.07bn | CN¥2.31bn | CN¥3.50bn | CN¥1.74bn | CN¥3.00bn | CN¥2.36bn | CN¥3.81bn | CN¥1.96bn |
| Gross profit | CN¥2.28bn | CN¥1.72bn | CN¥2.53bn | CN¥1.30bn | CN¥2.19bn | CN¥1.72bn | CN¥2.72bn | CN¥1.42bn |
| Operating income | CN¥412.9m | CN¥401.9m | CN¥591.2m | CN¥257.0m | CN¥505.2m | CN¥493.9m | CN¥638.1m | CN¥355.5m |
| Net income | CN¥801.2m | CN¥366.7m | CN¥472.1m | CN¥227.2m | CN¥408.2m | CN¥390.3m | CN¥552.8m | CN¥297.5m |
| Diluted earnings per share | 2.04 | 0.93 | 1.20 | 0.58 | 1.04 | 0.99 | 1.40 | 0.75 |
| Cash from operations | — | — | — | −CN¥78.0m | CN¥617.0m | CN¥675.0m | — | −CN¥258.0m |
| Capital spending | −CN¥41.0m | −CN¥24.0m | −CN¥77.0m | −CN¥45.0m | −CN¥17.0m | −CN¥29.0m | −CN¥145.0m | −CN¥40.0m |
| Free cash flow | — | — | — | −CN¥123.0m | CN¥600.0m | CN¥646.0m | — | −CN¥298.0m |
| Total assets | CN¥10.87bn | CN¥8.91bn | CN¥8.49bn | CN¥8.57bn | CN¥8.28bn | CN¥8.20bn | CN¥7.53bn | CN¥7.48bn |
| Cash and short-term investments | — | — | — | CN¥4.48bn | CN¥4.63bn | CN¥4.73bn | CN¥4.08bn | CN¥3.63bn |
| Debt | CN¥822.6m | CN¥813.4m | CN¥804.4m | CN¥84.8m | CN¥797.7m | CN¥788.8m | CN¥780.0m | CN¥878.9m |
| Shareholders' equity | CN¥6.71bn | CN¥6.41bn | CN¥6.14bn | CN¥5.67bn | CN¥5.73bn | CN¥5.80bn | CN¥5.40bn | CN¥4.84bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 73.3% | 70.5% | 68.7% | 68.2% | 65.6% | 62.8% |
| Operating margin | 17.6% | 17.5% | 16.9% | 16.6% | 14.5% | 14.8% |
| Net margin | 14.1% | 14.4% | 13.4% | 12.8% | 12.4% | 12.7% |
| Return on equity | 24.4% | 28.7% | 27.4% | 23.2% | 20.0% | 19.9% |
| Return on assets | 17.6% | 20.6% | 16.3% | 14.1% | 12.4% | 13.1% |
| Free cash flow yield | 10.7% | 6.3% | 7.3% | 5.7% | 4.3% | 2.3% |
| Revenue growth | -1.7% | 21.0% | 39.5% | 37.8% | 23.5% | 20.1% |
| Earnings growth | -3.5% | 30.0% | 46.1% | 41.9% | 21.0% | 21.2% |
| Current ratio | 4.47x | 4.63x | 2.62x | 2.90x | 3.08x | 2.07x |
| Debt to equity | 0.13x | 0.15x | 0.22x | 0.26x | 0.31x | 0.13x |
| Equity ratio | 72.4% | 71.7% | 59.4% | 61.0% | 62.1% | 65.8% |
| Interest coverage | 50.80x | 59.35x | 78.81x | 77.46x | 63.84x | 54.67x |
| R&D as a share of sales | 2.0% | 2.0% | 1.9% | 2.0% | 1.7% | 1.9% |
| Buybacks as a share of market value | 0.7% | 0.8% | 0.3% | 5.8% | -7.5% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.4% | 23.1% | 20.5% |
| Operating income | 20.7% | 27.4% | 28.8% |
| Net income | 22.4% | 25.8% | 26.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 71.9% | 70.5% | 69.3% | 68.1% |
| Operating margin | 17.6% | 17.2% | 16.7% | 16.1% |
| Net margin | 14.3% | 13.8% | 13.6% | 13.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.9 | 21.6 | 33.2 | 58.5 | 78.2 | 75.3 | 45.1 | 31.3 | 24.1 |
| Price to sales | 2.5 | 3.1 | 4.5 | 7.5 | 9.7 | 9.6 | 5.7 | 3.8 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 22 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.20 | 1.99 | 0.91 | 1.25 | 0.614 | 0.367 | 0.301 | 0.219 |
- 7-for-5 split · 29 May 2023
- 7-for-5 split · 30 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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