Z 
18.94
-3.56%
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¥3.93bn
FY2016FY2025
Net income
CN¥509.5m
FY2016FY2025
Free cash flow
−CN¥168.5m
FY2016FY2025
Shareholders' equity
CN¥4.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.93bn | CN¥4.13bn | CN¥3.73bn | CN¥3.20bn | CN¥1.76bn | CN¥1.58bn | CN¥2.46bn | CN¥1.39bn | CN¥1.77bn | CN¥1.60bn |
| Gross profit | CN¥1.73bn | CN¥1.90bn | CN¥1.71bn | CN¥1.48bn | CN¥570.9m | CN¥196.7m | CN¥507.4m | CN¥329.9m | CN¥796.6m | CN¥742.2m |
| Research and development | CN¥137.3m | CN¥131.4m | CN¥135.2m | CN¥116.5m | CN¥60.5m | CN¥70.5m | CN¥101.0m | CN¥54.8m | CN¥78.6m | CN¥67.7m |
| Operating income | CN¥997.2m | CN¥968.1m | CN¥1.03bn | CN¥693.0m | CN¥128.4m | −CN¥360.4m | CN¥185.1m | CN¥128.1m | CN¥507.8m | CN¥533.3m |
| Net income | CN¥509.5m | CN¥725.8m | CN¥811.7m | CN¥482.4m | CN¥74.0m | −CN¥486.1m | CN¥17.2m | CN¥30.0m | CN¥394.5m | CN¥394.1m |
| Diluted earnings per share | 0.85 | 1.58 | 2.04 | 1.22 | 0.17 | -1.22 | 0.03 | 0.06 | 0.98 | 1.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.50bn | CN¥11.96bn | CN¥9.13bn | CN¥7.15bn | CN¥5.87bn | CN¥5.04bn | CN¥5.43bn | CN¥4.32bn | CN¥3.71bn | CN¥2.61bn |
| Cash and short-term investments | — | CN¥2.54bn | CN¥1.25bn | CN¥763.6m | CN¥317.8m | CN¥355.8m | CN¥460.7m | CN¥490.3m | CN¥899.3m | CN¥363.3m |
| Total liabilities | CN¥7.89bn | CN¥7.69bn | CN¥6.27bn | CN¥4.86bn | CN¥3.90bn | CN¥3.14bn | CN¥3.06bn | CN¥1.94bn | CN¥1.20bn | CN¥1.34bn |
| Debt | CN¥1.87bn | CN¥3.21bn | CN¥2.58bn | CN¥2.34bn | CN¥1.76bn | CN¥1.54bn | CN¥1.25bn | CN¥891.9m | CN¥375.9m | CN¥327.6m |
| Shareholders' equity | CN¥4.32bn | CN¥4.00bn | CN¥2.63bn | CN¥2.30bn | CN¥1.97bn | CN¥1.90bn | CN¥2.36bn | CN¥2.37bn | CN¥2.51bn | CN¥1.28bn |
| Shares outstanding | 598m | 458m | 397m | 396m | 442m | 399m | 584m | 488m | 401m | 362m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.30bn | CN¥1.54bn | CN¥1.58bn | CN¥599.6m | CN¥514.7m | CN¥217.8m | CN¥296.6m | CN¥106.4m | CN¥251.7m | CN¥242.4m |
| Capital spending | −CN¥1.47bn | −CN¥1.15bn | −CN¥1.25bn | −CN¥854.8m | −CN¥553.0m | −CN¥334.2m | −CN¥496.8m | −CN¥715.7m | −CN¥481.3m | −CN¥227.5m |
| Free cash flow | −CN¥168.5m | CN¥396.8m | CN¥331.2m | −CN¥255.3m | −CN¥38.3m | −CN¥116.5m | −CN¥200.2m | −CN¥609.3m | −CN¥229.6m | CN¥14.8m |
| Dividends paid | −CN¥380.5m | −CN¥597.1m | −CN¥100.0m | −CN¥79.5m | −CN¥86.9m | −CN¥75.2m | −CN¥71.0m | −CN¥157.6m | −CN¥64.5m | −CN¥28.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥934.5m | CN¥771.4m | CN¥941.2m | CN¥1.00bn | CN¥1.04bn | CN¥943.3m | CN¥1.08bn | CN¥1.13bn |
| Gross profit | CN¥409.3m | CN¥300.2m | CN¥403.7m | CN¥459.6m | CN¥437.9m | CN¥433.7m | CN¥445.8m | CN¥556.3m |
| Operating income | CN¥152.6m | CN¥142.0m | CN¥153.0m | CN¥252.5m | CN¥120.6m | CN¥321.1m | CN¥84.6m | CN¥379.8m |
| Net income | CN¥67.3m | CN¥31.7m | CN¥56.1m | CN¥153.2m | CN¥70.5m | CN¥229.7m | CN¥57.3m | CN¥240.8m |
| Diluted earnings per share | 0.11 | 0.05 | 0.09 | 0.26 | 0.12 | 0.38 | 0.13 | 0.53 |
| Cash from operations | — | — | — | CN¥584.0m | CN¥214.0m | CN¥214.0m | — | CN¥384.0m |
| Capital spending | −CN¥423.0m | −CN¥272.0m | −CN¥419.0m | −CN¥479.0m | −CN¥382.0m | −CN¥190.0m | −CN¥569.0m | −CN¥147.0m |
| Free cash flow | — | — | — | CN¥105.0m | −CN¥168.0m | CN¥24.0m | — | CN¥237.0m |
| Total assets | CN¥13.14bn | CN¥13.03bn | CN¥12.50bn | CN¥12.68bn | CN¥12.48bn | CN¥12.23bn | CN¥11.96bn | CN¥10.85bn |
| Cash and short-term investments | — | — | — | CN¥2.52bn | CN¥2.46bn | CN¥2.57bn | CN¥2.54bn | CN¥2.30bn |
| Debt | CN¥2.15bn | CN¥2.36bn | CN¥1.87bn | CN¥2.50bn | CN¥3.39bn | CN¥3.22bn | CN¥3.21bn | CN¥2.93bn |
| Shareholders' equity | CN¥4.37bn | CN¥4.37bn | CN¥4.32bn | CN¥4.35bn | CN¥4.19bn | CN¥4.25bn | CN¥4.00bn | CN¥3.86bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 44.2% | 46.0% | 45.7% | 46.4% | 32.4% | 12.4% |
| Operating margin | 25.4% | 23.4% | 27.6% | 21.7% | 7.3% | -22.7% |
| Net margin | 13.0% | 17.6% | 21.7% | 15.1% | 4.2% | -30.7% |
| Return on equity | 11.8% | 18.1% | 30.9% | 21.0% | 3.8% | -25.5% |
| Return on assets | 4.1% | 6.1% | 8.9% | 6.7% | 1.3% | -9.6% |
| Free cash flow yield | 22.4% | 28.3% | 34.5% | 17.7% | 11.7% | 6.7% |
| Revenue growth | -5.1% | 10.8% | 16.7% | 81.6% | 11.2% | -35.7% |
| Earnings growth | -29.8% | -10.6% | 68.3% | 552.1% | -115.2% | -2922.0% |
| Current ratio | 0.95x | 0.97x | 0.78x | 0.87x | 0.65x | 0.68x |
| Debt to equity | 0.43x | 0.80x | 0.97x | 0.96x | 0.71x | 0.71x |
| Equity ratio | 34.5% | 33.5% | 28.8% | 32.1% | 33.6% | 37.8% |
| Interest coverage | 4.43x | 4.69x | 6.43x | 6.95x | 1.22x | -4.00x |
| R&D as a share of sales | 3.5% | 3.2% | 3.6% | 3.6% | 3.4% | 4.5% |
| Buybacks as a share of market value | -30.5% | -15.4% | -0.2% | 10.3% | -10.6% | 31.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.1% | 19.9% | 9.2% |
| Operating income | 12.9% | — | 14.4% |
| Net income | 1.8% | — | 10.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.1% | 45.5% | 41.4% | 38.7% |
| Operating margin | 24.4% | 24.6% | 18.8% | 18.6% |
| Net margin | 15.3% | 16.9% | 11.5% | 11.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.1 | 12.2 | 9.1 | 14.7 | 89.5 | -7.5 | 472.3 | 252.8 | 35.4 |
| Price to sales | 3.5 | 2.1 | 2.0 | 2.2 | 3.8 | 2.3 | 3.3 | 5.5 | 7.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.14 | 0.50 | 1.05 | 0.25 | 0.20 | 0.023 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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