H 
25.58
+1.31%
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¥7.53bn
FY2016FY2025
Net income
CN¥285.7m
FY2016FY2025
Free cash flow
−CN¥1.03bn
FY2016FY2025
Shareholders' equity
CN¥3.34bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.53bn | CN¥6.35bn | CN¥5.36bn | CN¥5.19bn | CN¥4.40bn | CN¥3.38bn | CN¥2.95bn | CN¥2.61bn | CN¥1.90bn | CN¥1.31bn |
| Gross profit | CN¥1.15bn | CN¥915.9m | CN¥903.1m | CN¥730.9m | CN¥513.7m | CN¥534.3m | CN¥562.4m | CN¥449.4m | CN¥363.7m | CN¥268.2m |
| Research and development | CN¥104.0m | CN¥96.7m | CN¥88.9m | CN¥93.4m | CN¥63.6m | CN¥128.3m | CN¥106.9m | CN¥103.2m | CN¥74.2m | CN¥61.3m |
| Operating income | CN¥609.1m | CN¥382.8m | CN¥432.0m | CN¥300.7m | CN¥162.4m | CN¥213.1m | CN¥152.3m | CN¥119.1m | CN¥109.1m | CN¥77.6m |
| Net income | CN¥285.7m | CN¥319.3m | CN¥364.1m | CN¥256.9m | CN¥115.4m | CN¥154.3m | CN¥123.3m | CN¥88.9m | CN¥88.2m | CN¥72.2m |
| Diluted earnings per share | 0.55 | 0.62 | 0.69 | 0.52 | 0.25 | 0.37 | 0.24 | 0.17 | 0.24 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.82bn | CN¥7.09bn | CN¥5.52bn | CN¥5.44bn | CN¥4.39bn | CN¥3.03bn | CN¥2.69bn | CN¥2.32bn | CN¥1.85bn | CN¥1.71bn |
| Cash and short-term investments | — | CN¥970.1m | CN¥986.2m | CN¥1.31bn | CN¥575.1m | CN¥411.7m | CN¥279.8m | CN¥116.7m | CN¥108.9m | CN¥234.7m |
| Total liabilities | CN¥6.49bn | CN¥3.94bn | CN¥2.68bn | CN¥2.97bn | CN¥2.19bn | CN¥1.28bn | CN¥1.08bn | CN¥822.9m | CN¥746.0m | CN¥709.2m |
| Debt | CN¥451.9m | CN¥2.40bn | CN¥1.74bn | CN¥2.04bn | CN¥1.26bn | CN¥721.1m | CN¥566.2m | CN¥452.0m | CN¥477.0m | CN¥497.5m |
| Shareholders' equity | CN¥3.34bn | CN¥3.15bn | CN¥2.84bn | CN¥2.47bn | CN¥2.19bn | CN¥1.76bn | CN¥1.61bn | CN¥1.49bn | CN¥1.11bn | CN¥1.00bn |
| Shares outstanding | 523m | 517m | 526m | 499m | 456m | 411m | 523m | 523m | 361m | 284m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥38.3m | −CN¥149.7m | CN¥403.6m | CN¥245.5m | −CN¥578.9m | CN¥51.3m | CN¥193.5m | −CN¥172.1m | −CN¥14.6m | −CN¥27.0m |
| Capital spending | −CN¥1.07bn | −CN¥836.1m | −CN¥495.8m | −CN¥186.0m | −CN¥170.9m | −CN¥109.4m | −CN¥99.4m | −CN¥93.3m | −CN¥81.4m | −CN¥94.6m |
| Free cash flow | −CN¥1.03bn | −CN¥985.8m | −CN¥92.3m | CN¥59.4m | −CN¥749.8m | −CN¥58.1m | CN¥94.0m | −CN¥265.4m | −CN¥96.1m | −CN¥121.6m |
| Dividends paid | −CN¥155.7m | −CN¥107.2m | −CN¥91.3m | −CN¥12.2m | −CN¥56.9m | −CN¥28.8m | −CN¥23.8m | −CN¥21.3m | −CN¥19.6m | −CN¥18.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.71bn | CN¥2.13bn | CN¥2.19bn | CN¥1.92bn | CN¥1.89bn | CN¥1.54bn | CN¥1.63bn | CN¥1.68bn |
| Gross profit | CN¥514.6m | CN¥334.1m | CN¥335.2m | CN¥320.3m | CN¥249.8m | CN¥240.0m | CN¥140.6m | CN¥279.9m |
| Operating income | CN¥330.6m | CN¥207.9m | CN¥167.0m | CN¥128.0m | CN¥108.1m | CN¥61.5m | CN¥58.6m | CN¥94.7m |
| Net income | CN¥98.9m | CN¥64.5m | CN¥28.4m | CN¥119.5m | CN¥96.1m | CN¥41.7m | CN¥41.5m | CN¥82.9m |
| Diluted earnings per share | 0.19 | 0.12 | 0.05 | 0.23 | 0.18 | 0.08 | 0.08 | 0.16 |
| Cash from operations | — | — | — | −CN¥2.0m | CN¥35.0m | CN¥58.0m | — | CN¥64.0m |
| Capital spending | −CN¥152.0m | −CN¥160.0m | −CN¥319.0m | −CN¥46.0m | −CN¥275.0m | −CN¥430.0m | −CN¥378.0m | −CN¥265.0m |
| Free cash flow | — | — | — | −CN¥48.0m | −CN¥240.0m | −CN¥372.0m | — | −CN¥201.0m |
| Total assets | CN¥11.50bn | CN¥10.28bn | CN¥9.82bn | CN¥9.34bn | CN¥8.25bn | CN¥7.70bn | CN¥7.09bn | CN¥6.57bn |
| Cash and short-term investments | — | — | — | CN¥913.1m | CN¥813.7m | CN¥1.00bn | CN¥970.1m | CN¥1.08bn |
| Debt | CN¥938.6m | CN¥693.0m | CN¥451.9m | CN¥3.31bn | CN¥2.50bn | CN¥2.30bn | CN¥2.33bn | CN¥2.12bn |
| Shareholders' equity | CN¥3.42bn | CN¥3.39bn | CN¥3.34bn | CN¥3.30bn | CN¥3.21bn | CN¥3.20bn | CN¥3.15bn | CN¥3.07bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.2% | 14.4% | 16.8% | 14.1% | 11.7% | 15.8% |
| Operating margin | 8.1% | 6.0% | 8.1% | 5.8% | 3.7% | 6.3% |
| Net margin | 3.8% | 5.0% | 6.8% | 4.9% | 2.6% | 4.6% |
| Return on equity | 8.6% | 10.1% | 12.8% | 10.4% | 5.3% | 8.8% |
| Return on assets | 2.9% | 4.5% | 6.6% | 4.7% | 2.6% | 5.1% |
| Free cash flow yield | 6.1% | 3.8% | 4.9% | 2.5% | -2.6% | 1.1% |
| Revenue growth | 18.6% | 18.3% | 3.3% | 18.1% | 30.3% | 14.3% |
| Earnings growth | -10.5% | -12.3% | 41.7% | 122.6% | -25.2% | 25.2% |
| Current ratio | 1.00x | 1.58x | 1.64x | 1.54x | 1.80x | 1.85x |
| Debt to equity | 0.14x | 0.74x | 0.62x | 0.82x | 0.57x | 0.35x |
| Equity ratio | 34.0% | 44.4% | 51.4% | 45.4% | 50.0% | 57.9% |
| Interest coverage | 4.36x | 3.71x | 7.17x | 3.69x | 2.39x | 4.90x |
| R&D as a share of sales | 1.4% | 1.5% | 1.7% | 1.8% | 1.4% | 3.8% |
| Buybacks as a share of market value | -1.3% | 1.9% | -5.6% | -9.4% | -10.8% | -14.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 17.4% | 19.0% |
| Operating income | 26.5% | 23.4% | 23.8% |
| Net income | 3.6% | 13.1% | 14.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.9% | 15.1% | 14.7% | 15.6% |
| Operating margin | 7.1% | 7.1% | 6.5% | 6.2% |
| Net margin | 4.4% | 5.0% | 4.6% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 63.6 | 18.9 | 11.1 | 13.6 | 42.4 |
| Price to sales | 2.4 | 0.9 | 0.8 | 0.7 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 8 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.064 | 0.071 | 0.051 | 0.024 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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