Z 
23.40
-0.89%
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¥1.13bn
FY2016FY2025
Net income
CN¥22.0m
FY2016FY2025
Free cash flow
−CN¥13.9m
FY2016FY2025
Shareholders' equity
CN¥2.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.13bn | CN¥1.27bn | CN¥1.24bn | CN¥1.16bn | CN¥1.55bn | CN¥1.17bn | CN¥1.12bn | CN¥877.1m | CN¥776.8m | CN¥581.5m |
| Research and development | CN¥34.2m | CN¥41.5m | CN¥46.3m | CN¥45.9m | CN¥68.2m | CN¥51.3m | CN¥50.2m | CN¥39.1m | CN¥30.8m | CN¥21.7m |
| Operating income | CN¥69.2m | CN¥2.8m | CN¥93.8m | −CN¥27.3m | CN¥124.7m | CN¥123.5m | CN¥146.0m | CN¥119.6m | CN¥130.7m | CN¥108.4m |
| Net income | CN¥22.0m | CN¥11.1m | CN¥83.9m | −CN¥40.5m | CN¥100.5m | CN¥101.5m | CN¥112.0m | CN¥104.5m | CN¥112.0m | CN¥92.5m |
| Diluted earnings per share | 0.12 | 0.10 | 0.58 | -0.22 | 0.56 | 0.60 | 0.67 | 0.63 | 0.80 | 0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.79bn | CN¥3.62bn | CN¥3.39bn | CN¥2.20bn | CN¥2.49bn | CN¥1.77bn | CN¥1.55bn | CN¥1.37bn | CN¥986.1m | CN¥459.4m |
| Cash and short-term investments | — | CN¥192.1m | CN¥323.1m | CN¥333.2m | CN¥522.3m | CN¥248.3m | CN¥384.2m | CN¥212.7m | CN¥230.1m | CN¥44.9m |
| Total liabilities | CN¥1.76bn | CN¥2.44bn | CN¥2.19bn | CN¥1.07bn | CN¥1.27bn | CN¥663.1m | CN¥463.3m | CN¥368.2m | CN¥85.1m | CN¥118.6m |
| Debt | CN¥887.0m | CN¥1.67bn | CN¥1.43bn | CN¥835.8m | CN¥976.7m | CN¥329.9m | CN¥162.6m | CN¥116.0m | CN¥500,000 | CN¥38.5m |
| Shareholders' equity | CN¥2.01bn | CN¥1.15bn | CN¥1.18bn | CN¥1.10bn | CN¥1.17bn | CN¥1.07bn | CN¥1.05bn | CN¥970.5m | CN¥901.0m | CN¥340.8m |
| Shares outstanding | 178m | 109m | 144m | 186m | 179m | 169m | 167m | 167m | 140m | 126m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥372.2m | CN¥202.2m | CN¥113.4m | CN¥306.6m | −CN¥11.8m | −CN¥22.3m | CN¥44.7m | CN¥151.4m | CN¥6.6m | CN¥28.0m |
| Capital spending | −CN¥386.1m | −CN¥304.9m | −CN¥185.6m | −CN¥237.2m | −CN¥237.9m | −CN¥175.3m | −CN¥148.4m | −CN¥142.3m | −CN¥36.5m | −CN¥32.3m |
| Free cash flow | −CN¥13.9m | −CN¥102.6m | −CN¥72.2m | CN¥69.4m | −CN¥249.7m | −CN¥197.6m | −CN¥103.7m | CN¥9.1m | −CN¥29.9m | −CN¥4.4m |
| Dividends paid | −CN¥51.7m | −CN¥83.6m | −CN¥26.4m | −CN¥20.3m | −CN¥33.8m | −CN¥50.7m | −CN¥32.5m | −CN¥36.1m | −CN¥17.0m | −CN¥2.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥279.7m | CN¥242.4m | CN¥255.3m | CN¥293.8m | CN¥321.3m | CN¥258.9m | CN¥337.1m | CN¥302.7m |
| Operating income | CN¥23.2m | CN¥25.8m | CN¥12.2m | CN¥5.3m | CN¥29.9m | CN¥10.8m | CN¥9.9m | CN¥12.8m |
| Net income | CN¥10.6m | CN¥10.0m | −CN¥2.4m | CN¥10.6m | CN¥17.4m | −CN¥3.6m | −CN¥2.9m | CN¥706,080 |
| Diluted earnings per share | 0.06 | 0.06 | -0.01 | 0.06 | 0.10 | -0.02 | -0.03 | 0.01 |
| Cash from operations | — | — | — | CN¥53.0m | CN¥86.0m | CN¥79.0m | — | CN¥58.0m |
| Capital spending | −CN¥122.0m | −CN¥58.0m | −CN¥242.0m | −CN¥117.0m | −CN¥18.0m | −CN¥6.0m | −CN¥191.0m | −CN¥59.0m |
| Free cash flow | — | — | — | −CN¥64.0m | CN¥68.0m | CN¥73.0m | — | −CN¥1.0m |
| Total assets | CN¥3.89bn | CN¥3.87bn | CN¥3.79bn | CN¥3.46bn | CN¥3.64bn | CN¥3.67bn | CN¥3.62bn | CN¥3.53bn |
| Cash and short-term investments | — | — | — | CN¥252.8m | CN¥253.7m | CN¥270.2m | CN¥192.1m | CN¥254.9m |
| Debt | CN¥959.0m | CN¥881.9m | CN¥887.0m | CN¥659.9m | CN¥1.64bn | CN¥1.69bn | CN¥1.67bn | CN¥1.65bn |
| Shareholders' equity | CN¥2.00bn | CN¥2.00bn | CN¥2.01bn | CN¥1.27bn | CN¥1.17bn | CN¥1.15bn | CN¥1.15bn | CN¥1.15bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.8% | 5.8% | 10.8% | -2.0% | 9.5% | 11.3% |
| Net margin | 2.0% | 0.9% | 6.7% | -3.5% | 6.5% | 8.7% |
| Return on equity | 1.1% | 1.0% | 7.1% | -3.7% | 8.6% | 9.5% |
| Return on assets | 0.6% | 0.3% | 2.5% | -1.8% | 4.0% | 5.7% |
| Free cash flow yield | 15.2% | 16.5% | 7.4% | 10.4% | 4.5% | 3.2% |
| Revenue growth | -10.8% | 1.8% | 6.9% | -24.9% | 32.0% | 5.0% |
| Earnings growth | 98.8% | -86.8% | -307.3% | -140.2% | -0.9% | -9.4% |
| Current ratio | 1.41x | 0.96x | 1.35x | 1.66x | 1.68x | 1.72x |
| Debt to equity | 0.44x | 1.45x | 1.21x | 0.75x | 0.79x | 0.30x |
| Equity ratio | 53.0% | 31.8% | 34.6% | 49.9% | 47.0% | 60.5% |
| Interest coverage | 1.21x | 0.99x | 3.29x | -0.68x | 6.56x | 13.24x |
| R&D as a share of sales | 3.0% | 3.3% | 3.7% | 3.9% | 4.4% | 4.4% |
| Buybacks as a share of market value | -62.5% | 23.8% | 22.8% | -3.8% | -5.8% | -1.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.0% | -0.8% | 9.3% |
| Operating income | — | -10.9% | -0.4% |
| Net income | — | -26.3% | -9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.0% | 2.9% | 5.1% | 8.5% |
| Net margin | 1.4% | 1.6% | 3.7% | 6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 157.1 | 116.0 | 26.2 | -43.2 | 22.3 | 18.5 | 19.7 | 17.6 | 26.1 |
| Price to sales | 3.1 | 1.0 | 1.8 | 1.5 | 1.4 | 1.6 | 2.0 | 2.1 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 9 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.008 | 0.164 | 0.12 | 0.20 | 0.30 | 0.192 | 0.207 |
- 13-for-10 split · 30 May 2019
- 13-for-10 split · 31 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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