W 
12.17
-1.78%
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¥8.88bn
FY2016FY2025
Net income
CN¥244.7m
FY2016FY2025
Free cash flow
−CN¥1.90bn
FY2016FY2025
Shareholders' equity
CN¥3.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.88bn | CN¥7.66bn | CN¥6.52bn | CN¥5.96bn | CN¥3.69bn | CN¥2.63bn | CN¥2.38bn | CN¥2.15bn | CN¥1.86bn | CN¥1.64bn |
| Gross profit | CN¥1.13bn | CN¥751.2m | CN¥622.6m | CN¥519.4m | CN¥634.6m | CN¥500.3m | CN¥451.0m | CN¥357.6m | CN¥372.6m | CN¥308.1m |
| Research and development | CN¥93.5m | CN¥102.7m | CN¥88.0m | CN¥64.8m | CN¥53.8m | CN¥11.1m | CN¥11.3m | CN¥11.4m | CN¥9.2m | CN¥5.7m |
| Operating income | CN¥476.2m | CN¥532.1m | CN¥383.4m | CN¥329.1m | CN¥501.7m | CN¥460.5m | CN¥279.7m | CN¥186.4m | CN¥227.6m | CN¥137.2m |
| Net income | CN¥244.7m | CN¥361.8m | CN¥271.7m | CN¥205.2m | CN¥390.2m | CN¥338.6m | CN¥199.3m | CN¥165.4m | CN¥171.6m | CN¥103.3m |
| Diluted earnings per share | 0.50 | 0.91 | 0.63 | 0.50 | 0.98 | 0.89 | 0.54 | 0.34 | 0.35 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.62bn | CN¥11.47bn | CN¥7.70bn | CN¥6.57bn | CN¥4.55bn | CN¥3.40bn | CN¥2.52bn | CN¥1.98bn | CN¥1.48bn | CN¥1.44bn |
| Cash and short-term investments | — | CN¥1.31bn | CN¥568.1m | CN¥1.30bn | CN¥757.0m | CN¥384.2m | CN¥201.6m | CN¥184.0m | CN¥124.1m | CN¥209.6m |
| Total liabilities | CN¥8.94bn | CN¥7.92bn | CN¥5.26bn | CN¥4.36bn | CN¥2.43bn | CN¥1.71bn | CN¥1.51bn | CN¥1.17bn | CN¥1.02bn | CN¥1.14bn |
| Debt | CN¥2.53bn | CN¥5.03bn | CN¥3.31bn | CN¥3.11bn | CN¥1.71bn | CN¥921.1m | CN¥897.1m | CN¥638.7m | CN¥465.2m | CN¥535.7m |
| Shareholders' equity | CN¥3.65bn | CN¥3.53bn | CN¥2.42bn | CN¥2.20bn | CN¥2.12bn | CN¥1.69bn | CN¥1.01bn | CN¥809.4m | CN¥461.0m | CN¥301.3m |
| Shares outstanding | 493m | 397m | 434m | 409m | 400m | 379m | 369m | 493m | 493m | 493m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥57.4m | −CN¥95.7m | CN¥1.08bn | CN¥36.2m | CN¥272.2m | CN¥181.3m | CN¥99.0m | CN¥26.7m | CN¥186.7m | CN¥196.4m |
| Capital spending | −CN¥1.84bn | −CN¥2.06bn | −CN¥1.59bn | −CN¥989.1m | −CN¥604.4m | −CN¥314.9m | −CN¥292.5m | −CN¥209.9m | −CN¥164.6m | −CN¥77.3m |
| Free cash flow | −CN¥1.90bn | −CN¥2.16bn | −CN¥512.9m | −CN¥952.9m | −CN¥332.2m | −CN¥133.7m | −CN¥193.5m | −CN¥183.2m | CN¥22.1m | CN¥119.0m |
| Dividends paid | −CN¥274.0m | −CN¥224.0m | −CN¥144.4m | −CN¥120.0m | −CN¥120.0m | −CN¥35.2m | −CN¥36.5m | −CN¥26.2m | −CN¥20.8m | −CN¥23.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.62bn | CN¥2.28bn | CN¥2.43bn | CN¥2.34bn | CN¥2.13bn | CN¥1.99bn | CN¥2.19bn | CN¥2.03bn |
| Gross profit | CN¥284.5m | CN¥214.1m | CN¥185.0m | CN¥180.1m | CN¥161.7m | CN¥174.2m | CN¥118.6m | CN¥220.1m |
| Operating income | CN¥193.1m | CN¥158.9m | CN¥114.4m | CN¥74.6m | CN¥57.5m | CN¥127.2m | CN¥52.0m | CN¥119.9m |
| Net income | CN¥130.4m | CN¥99.5m | CN¥63.8m | CN¥59.3m | CN¥57.0m | CN¥64.7m | CN¥34.9m | CN¥94.9m |
| Diluted earnings per share | 0.26 | 0.20 | 0.13 | 0.12 | 0.12 | 0.13 | 0.09 | 0.24 |
| Cash from operations | — | — | — | CN¥255.0m | −CN¥16.0m | −CN¥57.0m | — | CN¥125.0m |
| Capital spending | −CN¥606.0m | −CN¥752.0m | −CN¥424.0m | −CN¥460.0m | −CN¥391.0m | −CN¥565.0m | −CN¥147.0m | −CN¥602.0m |
| Free cash flow | — | — | — | −CN¥205.0m | −CN¥407.0m | −CN¥622.0m | — | −CN¥477.0m |
| Total assets | CN¥14.42bn | CN¥13.43bn | CN¥12.62bn | CN¥12.12bn | CN¥11.82bn | CN¥11.68bn | CN¥11.47bn | CN¥9.64bn |
| Cash and short-term investments | — | — | — | CN¥486.7m | CN¥714.9m | CN¥1.10bn | CN¥1.31bn | CN¥499.6m |
| Debt | CN¥3.10bn | CN¥2.87bn | CN¥2.53bn | CN¥4.53bn | CN¥5.77bn | CN¥5.49bn | CN¥5.00bn | CN¥4.65bn |
| Shareholders' equity | CN¥3.80bn | CN¥3.75bn | CN¥3.65bn | CN¥3.59bn | CN¥3.53bn | CN¥3.60bn | CN¥3.53bn | CN¥2.67bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.8% | 9.8% | 9.6% | 8.7% | 17.2% | 19.0% |
| Operating margin | 5.1% | 7.2% | 6.3% | 6.1% | 14.3% | 18.8% |
| Net margin | 2.8% | 4.7% | 4.2% | 3.4% | 10.6% | 12.9% |
| Return on equity | 6.7% | 10.2% | 11.2% | 9.3% | 18.4% | 20.1% |
| Return on assets | 1.9% | 3.2% | 3.5% | 3.1% | 8.6% | 10.0% |
| Free cash flow yield | 23.6% | 32.3% | 40.0% | 16.3% | 14.3% | 8.5% |
| Revenue growth | 16.1% | 17.4% | 9.3% | 61.6% | 40.0% | 10.9% |
| Earnings growth | -32.4% | 33.2% | 32.4% | -47.4% | 15.2% | 69.9% |
| Current ratio | 0.55x | 0.79x | 0.73x | 0.99x | 1.23x | 1.13x |
| Debt to equity | 0.69x | 1.42x | 1.45x | 1.41x | 0.77x | 0.52x |
| Equity ratio | 28.9% | 30.8% | 31.4% | 33.6% | 46.5% | 49.7% |
| Interest coverage | 2.41x | 4.20x | 4.22x | 3.05x | 8.68x | 9.40x |
| R&D as a share of sales | 1.1% | 1.3% | 1.4% | 1.1% | 1.5% | 0.4% |
| Buybacks as a share of market value | -24.0% | 8.5% | -6.0% | -2.5% | -5.4% | -2.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.2% | 27.5% | — |
| Operating income | 13.1% | 0.7% | — |
| Net income | 6.1% | -6.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.4% | 10.4% | 11.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 27.2 | 14.0 | 23.5 | 37.6 | 23.6 | 27.1 |
| Price to sales | 0.8 | 0.7 | 1.0 | 1.3 | 2.5 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.16 | 0.25 | 0.22 | 0.16 | 0.30 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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