G 
27.90
-2.55%
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¥6.03bn
FY2016FY2025
Net income
−CN¥173.2m
FY2016FY2025
Free cash flow
CN¥778.6m
FY2016FY2025
Shareholders' equity
CN¥6.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.03bn | CN¥7.19bn | CN¥8.54bn | CN¥15.48bn | CN¥11.94bn | CN¥8.24bn | CN¥5.27bn | CN¥4.53bn | CN¥3.79bn | CN¥3.22bn |
| Gross profit | CN¥2.10bn | CN¥2.38bn | CN¥3.12bn | CN¥6.67bn | CN¥5.65bn | CN¥3.85bn | CN¥2.08bn | CN¥1.76bn | CN¥1.55bn | CN¥1.36bn |
| Research and development | CN¥341.3m | CN¥400.5m | CN¥467.1m | CN¥632.6m | CN¥517.9m | CN¥397.2m | CN¥324.0m | CN¥290.8m | CN¥256.0m | CN¥238.2m |
| Operating income | CN¥242.3m | −CN¥273.2m | CN¥759.8m | CN¥3.35bn | CN¥2.78bn | CN¥1.82bn | CN¥437.8m | CN¥304.0m | CN¥247.7m | CN¥217.8m |
| Net income | −CN¥173.2m | −CN¥381.2m | CN¥643.4m | CN¥2.75bn | CN¥2.22bn | CN¥1.51bn | CN¥402.3m | CN¥233.3m | CN¥188.5m | CN¥170.0m |
| Diluted earnings per share | -0.37 | -0.82 | 1.37 | 5.90 | 4.83 | 3.30 | 0.87 | 0.51 | 0.48 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.60bn | CN¥10.39bn | CN¥11.77bn | CN¥13.89bn | CN¥10.75bn | CN¥6.64bn | CN¥4.40bn | CN¥3.96bn | CN¥3.32bn | CN¥2.67bn |
| Cash and short-term investments | — | CN¥2.43bn | CN¥2.46bn | CN¥2.93bn | CN¥2.65bn | CN¥1.64bn | CN¥954.9m | CN¥842.0m | CN¥649.4m | CN¥529.8m |
| Total liabilities | CN¥2.75bn | CN¥2.92bn | CN¥3.22bn | CN¥5.02bn | CN¥4.23bn | CN¥2.76bn | CN¥2.07bn | CN¥2.00bn | CN¥1.58bn | CN¥1.53bn |
| Debt | CN¥575.7m | CN¥634.3m | CN¥448.9m | CN¥568.3m | CN¥622.1m | CN¥461.5m | CN¥614.7m | CN¥745.8m | CN¥576.8m | CN¥706.4m |
| Shareholders' equity | CN¥6.73bn | CN¥7.33bn | CN¥8.36bn | CN¥8.63bn | CN¥6.30bn | CN¥3.79bn | CN¥2.27bn | CN¥1.91bn | CN¥1.70bn | CN¥1.10bn |
| Shares outstanding | 463m | 463m | 469m | 467m | 460m | 458m | 460m | 456m | 397m | 378m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.20bn | CN¥906.3m | CN¥1.23bn | CN¥1.95bn | CN¥2.09bn | CN¥1.52bn | CN¥661.4m | CN¥529.6m | CN¥283.5m | CN¥292.1m |
| Capital spending | −CN¥423.5m | −CN¥446.4m | −CN¥714.7m | −CN¥840.5m | −CN¥952.4m | −CN¥550.7m | −CN¥274.9m | −CN¥346.3m | −CN¥379.9m | −CN¥429.7m |
| Free cash flow | CN¥778.6m | CN¥460.0m | CN¥516.1m | CN¥1.11bn | CN¥1.14bn | CN¥972.5m | CN¥386.5m | CN¥183.4m | −CN¥96.3m | −CN¥137.6m |
| Dividends paid | −CN¥413.9m | −CN¥419.6m | −CN¥839.3m | −CN¥596.2m | −CN¥152.2m | −CN¥62.3m | −CN¥49.5m | −CN¥40.5m | −CN¥35.2m | −CN¥32.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.53bn | CN¥1.35bn | CN¥1.49bn | CN¥1.54bn | CN¥1.53bn | CN¥1.47bn | CN¥1.57bn | CN¥1.74bn |
| Gross profit | CN¥587.5m | CN¥471.4m | CN¥514.8m | CN¥563.3m | CN¥529.4m | CN¥487.6m | CN¥407.8m | CN¥626.3m |
| Operating income | CN¥172.4m | CN¥63.5m | −CN¥32.5m | CN¥38.1m | −CN¥69.9m | −CN¥36.2m | −CN¥383.5m | CN¥8.1m |
| Net income | CN¥147.4m | CN¥42.8m | −CN¥93.6m | CN¥5.2m | −CN¥57.0m | −CN¥27.8m | −CN¥475.1m | CN¥4.2m |
| Diluted earnings per share | 0.32 | 0.09 | -0.20 | 0.01 | -0.12 | -0.06 | -1.03 | 0.01 |
| Cash from operations | — | — | — | CN¥327.0m | CN¥295.0m | CN¥55.0m | — | CN¥277.0m |
| Capital spending | −CN¥94.0m | −CN¥108.0m | −CN¥131.0m | −CN¥117.0m | −CN¥67.0m | −CN¥106.0m | −CN¥99.0m | −CN¥139.0m |
| Free cash flow | — | — | — | CN¥210.0m | CN¥228.0m | −CN¥51.0m | — | CN¥138.0m |
| Total assets | CN¥9.14bn | CN¥9.20bn | CN¥9.60bn | CN¥9.71bn | CN¥9.78bn | CN¥9.85bn | CN¥10.39bn | CN¥10.98bn |
| Cash and short-term investments | — | — | — | CN¥2.44bn | CN¥2.18bn | CN¥1.99bn | CN¥2.43bn | CN¥1.94bn |
| Debt | CN¥575.0m | CN¥589.2m | CN¥575.7m | CN¥209.0m | CN¥607.8m | CN¥638.4m | CN¥515.9m | CN¥439.8m |
| Shareholders' equity | CN¥6.31bn | CN¥6.35bn | CN¥6.73bn | CN¥6.83bn | CN¥6.82bn | CN¥6.89bn | CN¥7.33bn | CN¥7.83bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.7% | 33.1% | 36.5% | 43.1% | 47.3% | 46.7% |
| Operating margin | 4.0% | -3.8% | 8.9% | 21.6% | 23.2% | 22.0% |
| Net margin | -2.9% | -5.3% | 7.5% | 17.8% | 18.6% | 18.3% |
| Return on equity | -2.6% | -5.2% | 7.7% | 31.9% | 35.2% | 39.9% |
| Return on assets | -1.8% | -3.7% | 5.5% | 19.8% | 20.6% | 22.7% |
| Free cash flow yield | 12.1% | 10.0% | 14.3% | 20.5% | 22.7% | 15.6% |
| Revenue growth | -16.1% | -15.8% | -44.8% | 29.6% | 44.9% | 56.4% |
| Earnings growth | -54.6% | -159.3% | -76.6% | 24.1% | 47.0% | 275.2% |
| Current ratio | 3.24x | 3.28x | 3.07x | 2.33x | 2.13x | 2.06x |
| Debt to equity | 0.09x | 0.07x | 0.03x | 0.02x | 0.04x | 0.11x |
| Equity ratio | 70.1% | 70.5% | 71.1% | 62.1% | 58.6% | 57.0% |
| Interest coverage | 16.50x | -13.07x | 32.02x | 124.11x | 92.06x | 58.40x |
| R&D as a share of sales | 5.7% | 5.6% | 5.5% | 4.1% | 4.3% | 4.8% |
| Buybacks as a share of market value | 0.0% | 1.2% | -0.3% | -1.5% | -0.5% | 0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.0% | -6.1% | 9.7% |
| Operating income | -58.3% | -33.2% | 3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.9% | 38.3% | 41.4% | 41.3% |
| Operating margin | -0.2% | 10.9% | 15.1% | 13.1% |
| Net margin | -4.2% | 7.6% | 11.4% | 10.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -75.8 | -33.5 | 45.6 | 13.3 | 23.1 | 38.9 | 58.6 | 43.5 | 66.6 |
| Price to sales | 2.2 | 1.8 | 3.4 | 2.4 | 4.3 | 7.1 | 4.5 | 2.2 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 5 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.88 | 0.88 | 0.88 | 1.78 | 1.28 | 0.329 | 0.136 | 0.108 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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