Z 
10.18
-1.74%
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¥4.19bn
FY2016FY2025
Net income
CN¥200.3m
FY2016FY2025
Free cash flow
−CN¥59.0m
FY2016FY2025
Shareholders' equity
CN¥3.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.19bn | CN¥2.81bn | CN¥2.78bn | CN¥2.20bn | CN¥1.59bn | CN¥1.32bn | CN¥1.51bn | CN¥1.40bn | CN¥924.6m | CN¥763.3m |
| Gross profit | CN¥921.7m | CN¥610.8m | CN¥671.8m | CN¥503.7m | CN¥367.1m | CN¥461.5m | CN¥511.4m | CN¥378.5m | CN¥226.6m | CN¥162.5m |
| Research and development | CN¥144.9m | CN¥128.4m | CN¥124.3m | CN¥99.7m | CN¥84.2m | CN¥65.0m | CN¥53.8m | CN¥43.9m | CN¥28.1m | CN¥21.7m |
| Operating income | CN¥323.3m | CN¥289.3m | CN¥427.1m | CN¥349.2m | CN¥256.6m | CN¥356.1m | CN¥310.5m | CN¥224.3m | CN¥62.8m | CN¥31.1m |
| Net income | CN¥200.3m | CN¥268.5m | CN¥371.5m | CN¥319.3m | CN¥236.7m | CN¥307.2m | CN¥270.1m | CN¥199.4m | CN¥55.9m | CN¥28.7m |
| Diluted earnings per share | 0.69 | 0.69 | 1.27 | 1.10 | 0.80 | 1.37 | 1.21 | 0.68 | 0.19 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.04bn | CN¥6.99bn | CN¥6.18bn | CN¥3.91bn | CN¥3.00bn | CN¥1.43bn | CN¥1.15bn | CN¥1.05bn | CN¥702.2m | CN¥682.1m |
| Cash and short-term investments | — | CN¥1.02bn | CN¥2.59bn | CN¥1.04bn | CN¥1.31bn | CN¥248.8m | CN¥175.2m | CN¥184.3m | CN¥68.6m | CN¥61.9m |
| Total liabilities | CN¥4.79bn | CN¥3.74bn | CN¥3.08bn | CN¥1.25bn | CN¥569.6m | CN¥490.2m | CN¥469.2m | CN¥607.2m | CN¥514.2m | CN¥546.0m |
| Debt | CN¥2.11bn | CN¥2.01bn | CN¥2.42bn | CN¥667.2m | CN¥142.1m | CN¥165.9m | CN¥168.3m | CN¥279.1m | CN¥241.6m | CN¥278.5m |
| Shareholders' equity | CN¥3.24bn | CN¥3.24bn | CN¥3.09bn | CN¥2.66bn | CN¥2.43bn | CN¥939.5m | CN¥684.8m | CN¥440.9m | CN¥187.8m | CN¥135.9m |
| Shares outstanding | 292m | 391m | 293m | 291m | 298m | 225m | 223m | 292m | 292m | 292m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥424.4m | CN¥146.5m | CN¥619.5m | CN¥272.0m | CN¥264.3m | CN¥335.2m | CN¥281.3m | CN¥141.0m | CN¥80.6m | CN¥93.0m |
| Capital spending | −CN¥483.4m | −CN¥1.43bn | −CN¥690.7m | −CN¥539.8m | −CN¥360.9m | −CN¥252.9m | −CN¥132.2m | −CN¥121.4m | −CN¥16.5m | −CN¥25.3m |
| Free cash flow | −CN¥59.0m | −CN¥1.28bn | −CN¥71.2m | −CN¥267.8m | −CN¥96.6m | CN¥82.3m | CN¥149.1m | CN¥19.6m | CN¥64.1m | CN¥67.7m |
| Dividends paid | −CN¥253.5m | −CN¥196.6m | −CN¥173.1m | −CN¥97.9m | −CN¥116.6m | −CN¥52.5m | −CN¥26.2m | −CN¥46.5m | −CN¥23.5m | −CN¥22.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.29bn | CN¥1.19bn | CN¥1.23bn | CN¥1.09bn | CN¥1.05bn | CN¥816.5m | CN¥702.6m | CN¥747.1m |
| Gross profit | CN¥166.4m | CN¥135.2m | CN¥157.8m | CN¥141.1m | CN¥172.1m | CN¥158.4m | CN¥171.0m | CN¥146.1m |
| Operating income | CN¥74.0m | CN¥63.5m | CN¥83.6m | CN¥42.4m | CN¥61.9m | CN¥99.8m | CN¥93.0m | CN¥48.8m |
| Net income | CN¥19.8m | CN¥22.2m | CN¥31.9m | CN¥34.7m | CN¥52.7m | CN¥81.0m | CN¥81.6m | CN¥48.5m |
| Diluted earnings per share | 0.07 | 0.08 | 0.11 | 0.12 | 0.18 | 0.28 | 0.21 | 0.12 |
| Cash from operations | — | — | — | CN¥254.0m | CN¥118.0m | −CN¥35.0m | — | CN¥125.0m |
| Capital spending | −CN¥185.0m | −CN¥184.0m | −CN¥146.0m | −CN¥85.0m | −CN¥141.0m | −CN¥110.0m | −CN¥289.0m | −CN¥303.0m |
| Free cash flow | — | — | — | CN¥169.0m | −CN¥23.0m | −CN¥145.0m | — | −CN¥178.0m |
| Total assets | CN¥7.94bn | CN¥8.08bn | CN¥8.04bn | CN¥7.76bn | CN¥7.56bn | CN¥7.61bn | CN¥6.99bn | CN¥6.19bn |
| Cash and short-term investments | — | — | — | CN¥1.20bn | CN¥830.6m | CN¥809.7m | CN¥434.2m | CN¥447.3m |
| Debt | CN¥2.13bn | CN¥2.05bn | CN¥2.11bn | CN¥1.24bn | CN¥2.76bn | CN¥2.57bn | CN¥2.01bn | CN¥1.71bn |
| Shareholders' equity | CN¥3.18bn | CN¥3.26bn | CN¥3.24bn | CN¥3.21bn | CN¥3.23bn | CN¥3.33bn | CN¥3.24bn | CN¥3.14bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.0% | 21.7% | 24.1% | 22.9% | 23.0% | 35.0% |
| Operating margin | 7.8% | 11.4% | 16.5% | 16.3% | 16.2% | 27.1% |
| Net margin | 4.8% | 9.6% | 13.3% | 14.5% | 14.8% | 23.3% |
| Return on equity | 6.2% | 8.3% | 12.0% | 12.0% | 9.7% | 32.7% |
| Return on assets | 2.5% | 3.8% | 6.0% | 8.2% | 7.9% | 21.5% |
| Free cash flow yield | 28.2% | 36.6% | 40.7% | 25.3% | 19.1% | 23.8% |
| Revenue growth | 49.1% | 0.9% | 26.5% | 38.0% | 20.8% | -12.7% |
| Earnings growth | -25.4% | -27.7% | 16.3% | 34.9% | -22.9% | 13.7% |
| Current ratio | 1.40x | 1.54x | 3.34x | 2.78x | 3.96x | 1.58x |
| Debt to equity | 0.65x | 0.62x | 0.78x | 0.25x | 0.06x | 0.16x |
| Equity ratio | 40.3% | 46.4% | 50.0% | 68.0% | 81.0% | 65.7% |
| Interest coverage | 3.23x | 9.30x | 12.11x | 23.96x | 59.53x | 40.61x |
| R&D as a share of sales | 3.5% | 4.6% | 4.5% | 4.5% | 5.3% | 4.9% |
| Buybacks as a share of market value | 25.3% | -33.6% | -0.5% | 2.1% | -32.4% | -0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.9% | 26.0% | — |
| Operating income | -2.5% | -1.9% | — |
| Net income | -14.4% | -8.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.9% | 22.6% | 23.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 21.5 | 21.4 | 13.1 | 21.3 | 28.9 |
| Price to sales | 1.0 | 2.0 | 1.8 | 3.1 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 17 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.70 | 0.70 | 0.462 | 0.462 | 0.393 |
- 13-for-10 split · 28 May 2024
- 7-for-5 split · 26 May 2022
- 7-for-5 split · 19 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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