Q 
5.10
-2.67%
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¥1.78bn
FY2016FY2025
Net income
CN¥85.9m
FY2016FY2025
Free cash flow
−CN¥164.5m
FY2016FY2025
Shareholders' equity
CN¥2.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.78bn | CN¥1.53bn | CN¥1.18bn | CN¥796.9m | CN¥614.9m | CN¥1.16bn | CN¥1.61bn | CN¥1.51bn | CN¥1.15bn | CN¥898.0m |
| Gross profit | CN¥531.7m | CN¥420.2m | CN¥373.9m | CN¥123.7m | CN¥57.4m | CN¥370.7m | CN¥610.3m | CN¥599.4m | CN¥517.0m | CN¥400.4m |
| Research and development | CN¥106.5m | CN¥104.8m | CN¥84.4m | CN¥66.4m | CN¥63.1m | CN¥60.0m | CN¥72.1m | CN¥75.2m | CN¥52.7m | CN¥45.4m |
| Operating income | CN¥156.1m | CN¥68.8m | CN¥313.2m | −CN¥141.4m | −CN¥253.6m | CN¥170.1m | CN¥296.1m | CN¥243.6m | CN¥172.4m | CN¥168.6m |
| Net income | CN¥85.9m | CN¥55.4m | CN¥256.4m | −CN¥113.7m | −CN¥206.4m | CN¥165.4m | CN¥235.7m | CN¥211.7m | CN¥152.6m | CN¥118.2m |
| Diluted earnings per share | 0.23 | 0.13 | 0.65 | -0.29 | -0.57 | 0.38 | 0.82 | 0.56 | 0.40 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.10bn | CN¥4.75bn | CN¥4.86bn | CN¥4.45bn | CN¥4.54bn | CN¥4.88bn | CN¥2.99bn | CN¥2.75bn | CN¥2.86bn | CN¥2.05bn |
| Cash and short-term investments | — | CN¥436.0m | CN¥797.5m | CN¥951.9m | CN¥1.18bn | CN¥1.47bn | CN¥343.4m | CN¥351.0m | CN¥628.4m | CN¥380.7m |
| Total liabilities | CN¥2.37bn | CN¥2.05bn | CN¥2.10bn | CN¥1.93bn | CN¥1.92bn | CN¥2.00bn | CN¥1.41bn | CN¥1.40bn | CN¥1.98bn | CN¥1.32bn |
| Debt | CN¥221.3m | CN¥1.15bn | CN¥1.32bn | CN¥1.33bn | CN¥1.21bn | CN¥995.9m | CN¥699.1m | CN¥498.6m | CN¥1.01bn | CN¥781.4m |
| Shareholders' equity | CN¥2.72bn | CN¥2.70bn | CN¥2.74bn | CN¥2.50bn | CN¥2.61bn | CN¥2.87bn | CN¥1.58bn | CN¥1.34bn | CN¥877.3m | CN¥727.9m |
| Shares outstanding | 377m | 436m | 395m | 386m | 363m | 434m | 288m | 377m | 377m | 377m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥28.9m | CN¥227.0m | −CN¥87.8m | −CN¥101.6m | −CN¥134.7m | −CN¥67.7m | −CN¥35.8m | CN¥338.1m | CN¥73.0m | CN¥278.9m |
| Capital spending | −CN¥135.6m | −CN¥178.3m | −CN¥58.2m | −CN¥76.0m | −CN¥97.4m | −CN¥151.3m | −CN¥114.1m | −CN¥64.8m | −CN¥109.3m | −CN¥78.0m |
| Free cash flow | −CN¥164.5m | CN¥48.6m | −CN¥145.9m | −CN¥177.6m | −CN¥232.1m | −CN¥219.0m | −CN¥149.9m | CN¥273.3m | −CN¥36.3m | CN¥200.9m |
| Dividends paid | −CN¥133.6m | −CN¥130.1m | −CN¥48.2m | −CN¥53.6m | −CN¥60.4m | −CN¥30.9m | −CN¥32.5m | −CN¥27.7m | −CN¥46.4m | −CN¥324.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥422.6m | CN¥454.9m | CN¥531.9m | CN¥407.6m | CN¥442.8m | CN¥401.7m | CN¥734.7m | CN¥201.9m |
| Gross profit | CN¥83.0m | CN¥118.5m | CN¥158.5m | CN¥146.2m | CN¥124.3m | CN¥102.8m | CN¥186.2m | CN¥44.8m |
| Operating income | −CN¥13.0m | CN¥28.7m | CN¥43.5m | CN¥21.4m | CN¥34.3m | CN¥28.2m | CN¥64.1m | −CN¥12.1m |
| Net income | −CN¥52.5m | CN¥12.2m | CN¥23.2m | CN¥18.8m | CN¥27.5m | CN¥16.5m | CN¥43.9m | −CN¥18.9m |
| Diluted earnings per share | -0.14 | 0.03 | 0.06 | 0.05 | 0.07 | 0.04 | 0.10 | -0.04 |
| Cash from operations | — | — | — | −CN¥203.0m | CN¥222.0m | −CN¥139.0m | — | −CN¥195.0m |
| Capital spending | −CN¥19.0m | −CN¥9.0m | −CN¥38.0m | −CN¥37.0m | −CN¥33.0m | −CN¥26.0m | −CN¥48.0m | −CN¥32.0m |
| Free cash flow | — | — | — | −CN¥240.0m | CN¥189.0m | −CN¥165.0m | — | −CN¥227.0m |
| Total assets | CN¥5.17bn | CN¥5.32bn | CN¥5.10bn | CN¥5.16bn | CN¥5.15bn | CN¥4.91bn | CN¥4.75bn | CN¥4.64bn |
| Cash and short-term investments | — | — | — | CN¥601.8m | CN¥749.6m | CN¥379.0m | CN¥436.0m | CN¥420.7m |
| Debt | CN¥285.1m | CN¥272.6m | CN¥221.3m | CN¥1.50bn | CN¥1.14bn | CN¥1.23bn | CN¥1.10bn | CN¥1.13bn |
| Shareholders' equity | CN¥2.64bn | CN¥2.74bn | CN¥2.72bn | CN¥2.69bn | CN¥2.71bn | CN¥2.72bn | CN¥2.70bn | CN¥2.66bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.8% | 27.5% | 31.7% | 15.5% | 9.3% | 31.9% |
| Operating margin | 9.0% | 8.5% | 26.8% | -13.6% | -36.1% | 17.4% |
| Net margin | 4.8% | 3.6% | 21.7% | -14.3% | -33.6% | 14.2% |
| Return on equity | 3.2% | 2.1% | 9.3% | -4.6% | -7.9% | 5.8% |
| Return on assets | 1.7% | 1.2% | 5.3% | -2.6% | -4.5% | 3.4% |
| Free cash flow yield | 5.2% | 17.1% | -1.4% | -1.2% | -1.9% | 3.5% |
| Revenue growth | 16.8% | 29.5% | 48.0% | 29.6% | -47.1% | -27.7% |
| Earnings growth | 55.2% | -78.4% | -325.6% | -44.9% | -224.8% | -29.8% |
| Current ratio | 1.58x | 1.76x | 1.80x | 1.75x | 1.86x | 2.29x |
| Debt to equity | 0.08x | 0.41x | 0.48x | 0.53x | 0.42x | 0.36x |
| Equity ratio | 53.3% | 56.8% | 56.5% | 56.2% | 57.4% | 58.9% |
| Interest coverage | 2.96x | 2.07x | 5.42x | -2.14x | -5.16x | 5.78x |
| R&D as a share of sales | 6.0% | 6.9% | 7.2% | 8.3% | 10.3% | 5.2% |
| Buybacks as a share of market value | 13.4% | -10.3% | -2.4% | -6.3% | 16.4% | -50.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.5% | 8.8% | — |
| Operating income | — | -1.7% | — |
| Net income | — | -12.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.7% | 27.4% | 26.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 33.6 | 51.3 | 10.3 | -27.1 | -14.7 | 34.7 |
| Price to sales | 1.7 | 1.9 | 2.4 | 4.2 | 5.3 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 1 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.10 | 0.20 | 0.20 | 0.154 |
- 13-for-10 split · 22 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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