Z 
28.08
-0.81%
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¥5.21bn
FY2017FY2025
Net income
CN¥561.6m
FY2017FY2025
Free cash flow
−CN¥6.2m
FY2017FY2025
Shareholders' equity
CN¥5.75bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.21bn | CN¥4.61bn | CN¥4.37bn | CN¥3.80bn | CN¥2.99bn | CN¥1.95bn | CN¥1.88bn | CN¥2.07bn | CN¥1.52bn |
| Gross profit | CN¥1.72bn | CN¥802.7m | CN¥620.8m | CN¥689.1m | CN¥667.7m | CN¥407.9m | CN¥440.2m | CN¥473.4m | CN¥389.5m |
| Research and development | CN¥118.5m | CN¥104.3m | CN¥90.2m | CN¥52.1m | CN¥28.8m | CN¥16.4m | CN¥21.4m | CN¥26.0m | CN¥21.2m |
| Operating income | CN¥791.4m | CN¥285.2m | CN¥219.9m | CN¥334.5m | CN¥371.4m | CN¥129.8m | CN¥181.3m | CN¥204.6m | CN¥139.5m |
| Net income | CN¥561.6m | CN¥251.3m | CN¥183.7m | CN¥300.2m | CN¥277.9m | CN¥101.8m | CN¥139.0m | CN¥155.5m | CN¥108.4m |
| Diluted earnings per share | 1.17 | 0.67 | 0.49 | 0.79 | 0.76 | 0.38 | 0.29 | 0.32 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.95bn | CN¥7.14bn | CN¥6.74bn | CN¥5.35bn | CN¥3.51bn | CN¥2.44bn | CN¥2.40bn | CN¥2.17bn | CN¥1.54bn |
| Cash and short-term investments | — | CN¥132.5m | CN¥218.9m | CN¥225.0m | CN¥167.3m | CN¥235.2m | CN¥365.9m | CN¥518.7m | CN¥343.0m |
| Total liabilities | CN¥2.20bn | CN¥4.29bn | CN¥4.10bn | CN¥2.84bn | CN¥1.47bn | CN¥1.11bn | CN¥1.18bn | CN¥1.19bn | CN¥914.1m |
| Debt | CN¥448.7m | CN¥2.58bn | CN¥2.22bn | CN¥1.36bn | CN¥278.1m | CN¥366.1m | CN¥296.0m | CN¥209.9m | CN¥234.1m |
| Shareholders' equity | CN¥5.75bn | CN¥2.85bn | CN¥2.64bn | CN¥2.51bn | CN¥2.04bn | CN¥1.33bn | CN¥1.22bn | CN¥979.4m | CN¥628.8m |
| Shares outstanding | 481m | 374m | 373m | 381m | 365m | 268m | 481m | 481m | 481m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥680.0m | CN¥582.5m | CN¥523.8m | CN¥441.9m | CN¥179.8m | CN¥80.1m | CN¥94.3m | CN¥219.6m | CN¥198.5m |
| Capital spending | −CN¥686.2m | −CN¥956.2m | −CN¥1.43bn | −CN¥1.27bn | −CN¥679.4m | −CN¥213.5m | −CN¥412.3m | −CN¥290.2m | −CN¥131.5m |
| Free cash flow | −CN¥6.2m | −CN¥373.6m | −CN¥908.7m | −CN¥830.9m | −CN¥499.6m | −CN¥133.3m | −CN¥318.0m | −CN¥70.7m | CN¥67.0m |
| Dividends paid | −CN¥152.5m | −CN¥125.4m | −CN¥119.0m | −CN¥67.4m | −CN¥13.9m | −CN¥17.5m | −CN¥5.7m | −CN¥25.7m | −CN¥17.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.81bn | CN¥1.32bn | CN¥1.42bn | CN¥1.34bn | CN¥1.31bn | CN¥1.14bn | CN¥1.23bn | CN¥1.20bn |
| Gross profit | CN¥593.5m | CN¥360.3m | CN¥322.7m | CN¥378.7m | CN¥340.1m | CN¥266.7m | CN¥235.2m | CN¥181.8m |
| Operating income | CN¥475.4m | CN¥231.2m | CN¥175.0m | CN¥234.8m | CN¥207.3m | CN¥138.1m | CN¥114.4m | CN¥37.4m |
| Net income | CN¥332.6m | CN¥180.3m | CN¥92.4m | CN¥197.9m | CN¥174.0m | CN¥97.4m | CN¥104.9m | CN¥33.8m |
| Diluted earnings per share | 0.69 | 0.37 | 0.19 | 0.41 | 0.36 | 0.20 | 0.28 | 0.09 |
| Cash from operations | — | — | — | CN¥171.0m | CN¥311.0m | CN¥25.0m | CN¥313.0m | CN¥160.0m |
| Capital spending | −CN¥203.0m | −CN¥247.0m | −CN¥242.0m | −CN¥171.0m | −CN¥119.0m | −CN¥152.0m | −CN¥262.0m | −CN¥152.0m |
| Free cash flow | — | — | — | CN¥0 | CN¥192.0m | −CN¥127.0m | CN¥51.0m | CN¥8.0m |
| Total assets | CN¥9.01bn | CN¥8.67bn | CN¥7.95bn | CN¥7.90bn | CN¥7.87bn | CN¥8.79bn | CN¥7.14bn | CN¥7.23bn |
| Cash and short-term investments | — | — | — | CN¥378.4m | CN¥572.2m | CN¥1.59bn | CN¥132.5m | CN¥257.9m |
| Debt | CN¥426.6m | CN¥446.5m | CN¥448.7m | CN¥469.9m | CN¥1.62bn | CN¥2.36bn | CN¥2.58bn | CN¥2.83bn |
| Shareholders' equity | CN¥6.04bn | CN¥5.93bn | CN¥5.75bn | CN¥5.65bn | CN¥4.74bn | CN¥4.68bn | CN¥2.85bn | CN¥2.74bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.1% | 17.4% | 14.2% | 18.1% | 22.3% | 20.9% |
| Operating margin | 15.2% | 6.2% | 5.0% | 8.8% | 12.4% | 6.6% |
| Net margin | 10.8% | 5.5% | 4.2% | 7.9% | 9.3% | 5.2% |
| Return on equity | 9.8% | 8.8% | 7.0% | 12.0% | 13.6% | 7.6% |
| Return on assets | 7.1% | 3.5% | 2.7% | 5.6% | 7.9% | 4.2% |
| Free cash flow yield | 9.4% | 13.6% | 17.3% | 14.9% | 7.8% | 3.6% |
| Revenue growth | 13.0% | 5.4% | 14.9% | 27.2% | 53.2% | 3.7% |
| Earnings growth | 123.5% | 36.8% | -38.8% | 8.0% | 173.0% | -26.8% |
| Current ratio | 1.26x | 0.55x | 0.63x | 0.92x | 1.00x | 0.89x |
| Debt to equity | 0.08x | 0.90x | 0.84x | 0.54x | 0.11x | 0.32x |
| Equity ratio | 72.3% | 39.9% | 39.2% | 46.9% | 58.1% | 54.5% |
| Interest coverage | 14.46x | 3.01x | 3.33x | 11.35x | 34.19x | 7.49x |
| R&D as a share of sales | 2.3% | 2.3% | 2.1% | 1.4% | 1.0% | 0.8% |
| Buybacks as a share of market value | -28.8% | -0.2% | 1.9% | -4.2% | -36.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.0% | 21.7% | — |
| Operating income | 33.2% | 43.6% | — |
| Net income | 23.2% | 40.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.7% | 21.3% | 21.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 23.0 | 30.2 | 50.8 | 35.6 | 28.8 |
| Price to sales | 2.5 | 1.6 | 2.1 | 2.8 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.45 | 0.25 | 0.15 | 0.25 | 0.179 |
- 7-for-5 split · 16 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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