Z 
5.52
-2.99%
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¥4.36bn
FY2016FY2025
Net income
CN¥204.7m
FY2016FY2025
Free cash flow
−CN¥187.3m
FY2016FY2025
Shareholders' equity
CN¥3.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.36bn | CN¥5.26bn | CN¥6.12bn | CN¥5.39bn | CN¥5.15bn | CN¥3.84bn | CN¥2.96bn | CN¥2.43bn | CN¥2.16bn | CN¥1.57bn |
| Gross profit | CN¥1.45bn | CN¥1.90bn | CN¥2.26bn | CN¥2.00bn | CN¥1.86bn | CN¥1.46bn | CN¥1.14bn | CN¥871.1m | CN¥748.3m | CN¥574.9m |
| Research and development | CN¥215.8m | CN¥265.2m | CN¥318.5m | CN¥278.9m | CN¥281.5m | CN¥225.8m | CN¥134.4m | CN¥92.5m | CN¥66.4m | CN¥52.0m |
| Operating income | CN¥261.8m | CN¥417.2m | CN¥619.4m | CN¥576.3m | CN¥551.8m | CN¥436.2m | CN¥384.8m | CN¥321.8m | CN¥279.9m | CN¥206.8m |
| Net income | CN¥204.7m | CN¥385.4m | CN¥595.1m | CN¥537.3m | CN¥505.5m | CN¥395.4m | CN¥329.4m | CN¥272.9m | CN¥234.2m | CN¥177.8m |
| Diluted earnings per share | 0.47 | 0.91 | 1.36 | 1.33 | 1.18 | 0.86 | 0.75 | 0.63 | 0.53 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.53bn | CN¥6.71bn | CN¥6.39bn | CN¥5.78bn | CN¥5.30bn | CN¥4.13bn | CN¥3.10bn | CN¥2.78bn | CN¥2.62bn | CN¥1.40bn |
| Cash and short-term investments | — | CN¥1.36bn | CN¥1.29bn | CN¥985.0m | CN¥870.2m | CN¥1.15bn | CN¥848.9m | CN¥729.3m | CN¥713.0m | CN¥426.1m |
| Total liabilities | CN¥3.13bn | CN¥3.32bn | CN¥3.10bn | CN¥2.90bn | CN¥2.71bn | CN¥1.90bn | CN¥1.17bn | CN¥912.3m | CN¥920.8m | CN¥738.4m |
| Debt | CN¥615.7m | CN¥449.0m | CN¥258.2m | CN¥380.4m | CN¥511.9m | CN¥108.2m | CN¥11.2m | CN¥105.5m | CN¥82.0m | CN¥1.1m |
| Shareholders' equity | CN¥3.40bn | CN¥3.40bn | CN¥3.29bn | CN¥2.88bn | CN¥2.59bn | CN¥2.23bn | CN¥1.93bn | CN¥1.87bn | CN¥1.70bn | CN¥666.3m |
| Shares outstanding | 433m | 423m | 439m | 405m | 428m | 459m | 439m | 437m | 439m | 329m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥15.8m | CN¥490.7m | CN¥756.4m | CN¥765.9m | CN¥496.0m | CN¥649.1m | CN¥344.4m | CN¥369.8m | CN¥396.1m | CN¥297.5m |
| Capital spending | −CN¥203.2m | −CN¥275.1m | −CN¥423.7m | −CN¥399.4m | −CN¥524.2m | −CN¥421.2m | −CN¥333.9m | −CN¥379.4m | −CN¥275.2m | −CN¥136.8m |
| Free cash flow | −CN¥187.3m | CN¥215.6m | CN¥332.7m | CN¥366.5m | −CN¥28.2m | CN¥227.9m | CN¥10.5m | −CN¥9.5m | CN¥120.9m | CN¥160.6m |
| Dividends paid | −CN¥268.7m | −CN¥318.9m | −CN¥231.0m | −CN¥185.2m | −CN¥178.2m | −CN¥147.0m | −CN¥136.2m | −CN¥96.0m | −CN¥50.4m | −CN¥33.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥889.5m | CN¥575.3m | CN¥1.28bn | CN¥1.17bn | CN¥1.08bn | CN¥817.6m | CN¥1.58bn | CN¥1.46bn |
| Gross profit | CN¥242.9m | CN¥148.8m | CN¥394.7m | CN¥372.0m | CN¥417.7m | CN¥262.9m | CN¥547.2m | CN¥544.9m |
| Operating income | −CN¥27.3m | −CN¥91.9m | CN¥98.2m | CN¥22.9m | CN¥108.4m | CN¥41.3m | CN¥137.0m | CN¥122.3m |
| Net income | −CN¥63.1m | −CN¥94.3m | CN¥31.5m | CN¥35.1m | CN¥96.0m | CN¥42.1m | CN¥119.2m | CN¥117.4m |
| Diluted earnings per share | -0.15 | -0.22 | 0.07 | 0.08 | 0.22 | 0.10 | 0.28 | 0.28 |
| Cash from operations | — | — | — | CN¥284.0m | CN¥72.0m | −CN¥481.0m | — | CN¥285.0m |
| Capital spending | −CN¥50.0m | −CN¥74.0m | −CN¥66.0m | −CN¥41.0m | −CN¥50.0m | −CN¥44.0m | −CN¥69.0m | −CN¥67.0m |
| Free cash flow | — | — | — | CN¥243.0m | CN¥22.0m | −CN¥525.0m | — | CN¥218.0m |
| Total assets | CN¥6.01bn | CN¥6.15bn | CN¥6.53bn | CN¥6.39bn | CN¥6.37bn | CN¥6.72bn | CN¥6.71bn | CN¥6.33bn |
| Cash and short-term investments | — | — | — | CN¥1.24bn | CN¥1.15bn | CN¥1.56bn | CN¥1.36bn | CN¥1.24bn |
| Debt | CN¥711.9m | CN¥707.9m | CN¥615.7m | CN¥607.2m | CN¥796.7m | CN¥995.8m | CN¥403.6m | CN¥1.06bn |
| Shareholders' equity | CN¥2.96bn | CN¥3.20bn | CN¥3.40bn | CN¥3.41bn | CN¥3.37bn | CN¥3.53bn | CN¥3.40bn | CN¥3.30bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.2% | 36.1% | 36.9% | 37.1% | 36.1% | 37.9% |
| Operating margin | 5.4% | 8.3% | 10.4% | 11.1% | 11.0% | 11.4% |
| Net margin | 4.7% | 7.3% | 9.7% | 10.0% | 9.8% | 10.3% |
| Return on equity | 6.0% | 11.3% | 18.1% | 18.7% | 19.5% | 17.7% |
| Return on assets | 3.1% | 5.7% | 9.3% | 9.3% | 9.5% | 9.6% |
| Free cash flow yield | 8.4% | 30.2% | 44.8% | 48.0% | 39.7% | 38.8% |
| Revenue growth | -17.1% | -14.0% | 13.5% | 4.6% | 34.2% | 29.7% |
| Earnings growth | -46.9% | -35.2% | 10.8% | 6.3% | 27.8% | 20.0% |
| Current ratio | 1.33x | 1.09x | 1.21x | 1.07x | 1.15x | 1.37x |
| Debt to equity | 0.18x | 0.12x | 0.08x | 0.13x | 0.19x | 0.05x |
| Equity ratio | 52.0% | 50.6% | 51.5% | 49.8% | 48.9% | 54.0% |
| Interest coverage | 10.89x | 29.64x | 42.90x | 27.35x | 27.25x | 50.51x |
| R&D as a share of sales | 5.0% | 5.0% | 5.2% | 5.2% | 5.5% | 5.9% |
| Buybacks as a share of market value | -2.3% | 3.5% | -8.4% | 5.5% | 6.8% | -4.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.8% | 2.6% | 13.9% |
| Operating income | -23.1% | -9.7% | 5.6% |
| Net income | -27.5% | -12.3% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.8% | 36.0% | 36.3% | 36.4% |
| Operating margin | 7.1% | 8.9% | 9.5% | 10.4% |
| Net margin | 6.1% | 8.2% | 8.7% | 9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.3 | 14.1 | 12.4 | 14.5 | 18.4 | 20.4 | 15.8 | 14.0 | 35.4 |
| Price to sales | 0.9 | 1.0 | 1.2 | 1.4 | 1.8 | 2.1 | 1.8 | 1.6 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 23 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.60 | 0.70 | 0.70 | 0.429 | 0.408 | 0.337 | 0.313 |
- 7-for-5 split · 5 Jul 2023
- 7-for-5 split · 19 May 2021
- 7-for-5 split · 21 May 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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