N 
11.24
+0.45%
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¥22.78bn
FY2016FY2025
Net income
CN¥453.6m
FY2016FY2025
Free cash flow
CN¥528.2m
FY2016FY2025
Shareholders' equity
CN¥5.36bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥22.78bn | CN¥22.26bn | CN¥21.57bn | CN¥17.97bn | CN¥16.83bn | CN¥15.73bn | CN¥18.00bn | CN¥7.28bn | CN¥1.90bn | CN¥1.47bn |
| Gross profit | CN¥3.66bn | CN¥3.02bn | CN¥3.09bn | CN¥2.27bn | CN¥2.31bn | CN¥1.93bn | CN¥2.74bn | CN¥1.39bn | CN¥624.4m | CN¥519.3m |
| Research and development | CN¥692.3m | CN¥528.6m | CN¥421.9m | CN¥376.4m | CN¥321.4m | CN¥255.6m | CN¥268.7m | CN¥134.8m | CN¥54.4m | CN¥40.3m |
| Operating income | CN¥972.2m | −CN¥518.2m | CN¥647.8m | −CN¥1.44bn | CN¥352.0m | −CN¥66.2m | CN¥732.0m | CN¥183.3m | CN¥358.3m | CN¥294.4m |
| Net income | CN¥453.6m | −CN¥566.8m | CN¥203.9m | −CN¥1.42bn | CN¥126.4m | −CN¥258.2m | CN¥297.7m | CN¥164.9m | CN¥292.8m | CN¥249.7m |
| Diluted earnings per share | 0.36 | -0.45 | 0.18 | -1.28 | 0.10 | -0.25 | 0.47 | 0.26 | 0.49 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥23.40bn | CN¥20.28bn | CN¥17.95bn | CN¥15.45bn | CN¥16.21bn | CN¥17.33bn | CN¥17.57bn | CN¥2.53bn | CN¥2.19bn | CN¥1.93bn |
| Cash and short-term investments | — | CN¥2.73bn | CN¥1.42bn | CN¥1.16bn | CN¥1.41bn | CN¥1.50bn | CN¥2.05bn | CN¥707.5m | CN¥470.8m | CN¥232.2m |
| Total liabilities | CN¥17.77bn | CN¥15.38bn | CN¥13.50bn | CN¥11.68bn | CN¥11.21bn | CN¥12.76bn | CN¥12.65bn | CN¥622.5m | CN¥431.6m | CN¥388.9m |
| Debt | CN¥5.56bn | CN¥6.79bn | CN¥6.49bn | CN¥6.11bn | CN¥5.92bn | CN¥6.62bn | CN¥6.69bn | CN¥96.9m | CN¥39.0m | CN¥5.6m |
| Shareholders' equity | CN¥5.36bn | CN¥4.65bn | CN¥4.10bn | CN¥3.46bn | CN¥4.64bn | CN¥4.27bn | CN¥4.53bn | CN¥1.87bn | CN¥1.72bn | CN¥1.53bn |
| Shares outstanding | 1,262m | 1,260m | 1,155m | 1,111m | 1,255m | 1,043m | 627m | 624m | 603m | 627m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.75bn | CN¥269.6m | CN¥1.65bn | CN¥1.05bn | CN¥718.9m | CN¥809.9m | CN¥1.17bn | CN¥463.0m | CN¥257.6m | CN¥42.9m |
| Capital spending | −CN¥1.22bn | −CN¥1.39bn | −CN¥1.28bn | −CN¥852.6m | −CN¥740.3m | −CN¥726.1m | −CN¥1.01bn | −CN¥160.2m | −CN¥82.0m | −CN¥69.9m |
| Free cash flow | CN¥528.2m | −CN¥1.12bn | CN¥370.0m | CN¥199.8m | −CN¥21.4m | CN¥83.9m | CN¥162.6m | CN¥302.8m | CN¥175.7m | −CN¥27.0m |
| Dividends paid | −CN¥362.4m | −CN¥367.7m | −CN¥347.1m | −CN¥230.9m | −CN¥194.7m | −CN¥203.0m | −CN¥209.1m | −CN¥180.0m | −CN¥101.2m | −CN¥54.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.84bn | CN¥6.24bn | CN¥6.65bn | CN¥5.61bn | CN¥5.49bn | CN¥5.04bn | CN¥5.35bn | CN¥5.90bn |
| Gross profit | CN¥1.11bn | CN¥928.6m | CN¥1.13bn | CN¥924.0m | CN¥751.9m | CN¥822.1m | CN¥588.5m | CN¥876.4m |
| Operating income | CN¥412.7m | CN¥232.9m | CN¥396.8m | CN¥226.0m | −CN¥26.3m | CN¥189.1m | CN¥54.1m | −CN¥432.2m |
| Net income | CN¥233.4m | CN¥131.6m | CN¥202.5m | CN¥97.2m | CN¥49.4m | CN¥104.4m | −CN¥34.9m | −CN¥585.1m |
| Diluted earnings per share | 0.18 | 0.10 | 0.16 | 0.08 | 0.04 | 0.08 | -0.03 | -0.46 |
| Cash from operations | — | — | — | CN¥608.0m | CN¥231.0m | −CN¥108.0m | CN¥697.0m | −CN¥317.0m |
| Capital spending | −CN¥343.0m | −CN¥281.0m | −CN¥422.0m | −CN¥371.0m | −CN¥189.0m | −CN¥239.0m | −CN¥477.0m | −CN¥338.0m |
| Free cash flow | — | — | — | CN¥237.0m | CN¥42.0m | −CN¥347.0m | CN¥220.0m | −CN¥655.0m |
| Total assets | CN¥24.51bn | CN¥23.68bn | CN¥23.40bn | CN¥22.22bn | CN¥21.59bn | CN¥20.38bn | CN¥20.28bn | CN¥19.89bn |
| Cash and short-term investments | — | — | — | CN¥2.26bn | CN¥2.28bn | CN¥2.25bn | CN¥2.73bn | CN¥2.10bn |
| Debt | CN¥3.71bn | CN¥5.09bn | CN¥5.56bn | CN¥2.55bn | CN¥6.87bn | CN¥7.39bn | CN¥6.23bn | CN¥5.69bn |
| Shareholders' equity | CN¥5.50bn | CN¥5.41bn | CN¥5.36bn | CN¥5.15bn | CN¥5.01bn | CN¥4.83bn | CN¥4.65bn | CN¥4.76bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.1% | 13.6% | 14.3% | 12.7% | 13.7% | 12.3% |
| Operating margin | 4.3% | -2.3% | 3.0% | -8.0% | 2.1% | -0.4% |
| Net margin | 2.0% | -2.5% | 0.9% | -7.9% | 0.8% | -1.6% |
| Return on equity | 8.5% | -12.2% | 5.0% | -41.0% | 2.7% | -6.0% |
| Return on assets | 1.9% | -2.8% | 1.1% | -9.2% | 0.8% | -1.5% |
| Free cash flow yield | 17.3% | 9.7% | 18.6% | 12.6% | 8.5% | 10.8% |
| Revenue growth | 2.4% | 3.2% | 20.1% | 6.7% | 7.0% | -12.6% |
| Earnings growth | -180.0% | -378.0% | -114.4% | -1221.6% | -148.9% | -186.7% |
| Current ratio | 1.22x | 1.19x | 0.87x | 1.00x | 1.07x | 0.97x |
| Debt to equity | 1.04x | 1.34x | 1.38x | 1.48x | 1.19x | 1.35x |
| Equity ratio | 22.9% | 22.9% | 22.8% | 22.4% | 28.7% | 24.6% |
| Interest coverage | 2.50x | -1.25x | 1.65x | -5.32x | 1.29x | -0.22x |
| R&D as a share of sales | 3.0% | 2.4% | 2.0% | 2.1% | 1.9% | 1.6% |
| Buybacks as a share of market value | -0.2% | -9.1% | -4.0% | 11.4% | -20.3% | -66.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.2% | 7.7% | 36.1% |
| Operating income | — | — | 17.6% |
| Net income | — | — | 9.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.8% | 14.2% | 13.9% | 14.9% |
| Operating margin | 1.0% | -0.4% | -0.0% | 1.2% |
| Net margin | -0.3% | -1.6% | -1.2% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 38.7 | -25.5 | 76.3 | -12.0 | 159.7 | -30.4 | 17.0 | 29.0 | 23.3 | 32.8 |
| Price to sales | 0.8 | 0.7 | 0.7 | 0.9 | 1.2 | 0.5 | 0.3 | 0.7 | 3.6 | 5.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Sept 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.18 | 0.20 | 0.312 | 0.28 | 0.16 | 0.087 | 0.10 |
- 3-for-2 split · 25 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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