W 
11.74
-0.84%
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¥2.37bn
FY2016FY2025
Net income
CN¥22.2m
FY2016FY2025
Free cash flow
−CN¥384.2m
FY2016FY2025
Shareholders' equity
CN¥1.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.37bn | CN¥2.03bn | CN¥1.57bn | CN¥1.36bn | CN¥1.20bn | CN¥1.10bn | CN¥1.23bn | CN¥1.56bn | CN¥1.47bn | CN¥1.24bn |
| Gross profit | CN¥263.5m | CN¥249.8m | CN¥278.3m | CN¥245.6m | CN¥200.7m | CN¥247.4m | CN¥277.4m | CN¥306.5m | CN¥340.9m | CN¥280.7m |
| Research and development | CN¥131.5m | CN¥121.7m | CN¥100.0m | CN¥102.0m | CN¥82.1m | CN¥66.4m | CN¥68.5m | CN¥62.8m | CN¥66.1m | CN¥59.3m |
| Operating income | CN¥14.1m | CN¥45.6m | CN¥124.6m | CN¥96.5m | CN¥48.0m | CN¥86.8m | CN¥110.6m | CN¥153.6m | CN¥74.0m | CN¥146.0m |
| Net income | CN¥22.2m | CN¥56.0m | CN¥118.0m | CN¥96.1m | CN¥52.4m | CN¥81.7m | CN¥104.1m | CN¥138.8m | CN¥52.1m | CN¥122.4m |
| Diluted earnings per share | 0.10 | 0.26 | 0.57 | 0.46 | 0.25 | 0.38 | 0.65 | 0.65 | 0.25 | 0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.76bn | CN¥2.35bn | CN¥1.78bn | CN¥1.51bn | CN¥1.47bn | CN¥1.44bn | CN¥764.2m | CN¥732.9m | CN¥782.9m | CN¥818.6m |
| Cash and short-term investments | — | CN¥489.6m | CN¥513.8m | CN¥700.6m | CN¥547.0m | CN¥727.5m | CN¥252.2m | CN¥124.0m | CN¥278.1m | CN¥301.3m |
| Total liabilities | CN¥1.44bn | CN¥1.05bn | CN¥510.6m | CN¥312.5m | CN¥325.2m | CN¥339.9m | CN¥266.7m | CN¥339.4m | CN¥505.7m | CN¥423.2m |
| Debt | CN¥198.1m | CN¥185.0m | CN¥30.9m | CN¥8.6m | CN¥9.6m | CN¥20.6m | CN¥13.4m | CN¥15.9m | CN¥19.3m | CN¥37.4m |
| Shareholders' equity | CN¥1.32bn | CN¥1.30bn | CN¥1.27bn | CN¥1.20bn | CN¥1.14bn | CN¥1.11bn | CN¥497.6m | CN¥393.5m | CN¥277.2m | CN¥395.4m |
| Shares outstanding | 212m | 213m | 208m | 209m | 213m | 213m | 160m | 212m | 212m | 212m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥42.0m | CN¥187.3m | CN¥33.6m | CN¥145.7m | CN¥18.9m | −CN¥6.4m | CN¥212.3m | CN¥114.8m | CN¥158.8m | CN¥76.3m |
| Capital spending | −CN¥342.2m | −CN¥322.4m | −CN¥175.8m | −CN¥53.0m | −CN¥60.9m | −CN¥55.8m | −CN¥63.3m | −CN¥79.2m | −CN¥77.2m | −CN¥20.5m |
| Free cash flow | −CN¥384.2m | −CN¥135.2m | −CN¥142.2m | CN¥92.6m | −CN¥42.0m | −CN¥62.2m | CN¥149.0m | CN¥35.6m | CN¥81.6m | CN¥55.9m |
| Dividends paid | −CN¥16.6m | −CN¥28.9m | −CN¥51.0m | −CN¥10.7m | −CN¥25.7m | −CN¥149,678 | −CN¥659,305 | −CN¥177.0m | −CN¥151.4m | −CN¥22.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥596.3m | CN¥536.5m | CN¥734.3m | CN¥663.3m | CN¥517.5m | CN¥459.2m | CN¥557.3m | CN¥580.7m |
| Gross profit | CN¥42.1m | CN¥35.4m | CN¥61.8m | CN¥79.8m | CN¥66.8m | CN¥55.0m | CN¥59.0m | CN¥78.5m |
| Operating income | −CN¥20.6m | −CN¥23.3m | CN¥1.4m | CN¥942,255 | CN¥1.5m | CN¥11.0m | CN¥20.8m | CN¥10.6m |
| Net income | −CN¥26.1m | −CN¥25.6m | −CN¥2.1m | CN¥4.8m | CN¥5.8m | CN¥13.7m | CN¥24.6m | CN¥12.1m |
| Diluted earnings per share | -0.12 | -0.12 | -0.01 | 0.02 | 0.03 | 0.06 | 0.12 | 0.06 |
| Cash from operations | — | — | — | CN¥8.0m | −CN¥17.0m | −CN¥35.0m | CN¥127.0m | CN¥48.0m |
| Capital spending | −CN¥27.0m | −CN¥37.0m | −CN¥80.0m | −CN¥53.0m | −CN¥104.0m | −CN¥104.0m | −CN¥89.0m | −CN¥114.0m |
| Free cash flow | — | — | — | −CN¥45.0m | −CN¥121.0m | −CN¥139.0m | CN¥38.0m | −CN¥66.0m |
| Total assets | CN¥2.84bn | CN¥2.88bn | CN¥2.76bn | CN¥2.60bn | CN¥2.41bn | CN¥2.31bn | CN¥2.35bn | CN¥2.14bn |
| Cash and short-term investments | — | — | — | CN¥380.2m | CN¥412.4m | CN¥456.1m | CN¥489.6m | CN¥450.3m |
| Debt | CN¥143.4m | CN¥236.7m | CN¥198.1m | CN¥262.8m | CN¥326.8m | CN¥241.0m | CN¥272.1m | CN¥140.0m |
| Shareholders' equity | CN¥1.74bn | CN¥1.77bn | CN¥1.32bn | CN¥1.32bn | CN¥1.32bn | CN¥1.32bn | CN¥1.30bn | CN¥1.28bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.1% | 12.3% | 17.7% | 18.1% | 16.7% | 22.5% |
| Operating margin | 0.7% | 2.4% | 7.9% | 7.1% | 4.1% | 8.1% |
| Net margin | 0.9% | 2.8% | 7.5% | 7.1% | 4.4% | 7.4% |
| Return on equity | 1.7% | 4.3% | 9.3% | 8.0% | 4.6% | 7.3% |
| Return on assets | 0.8% | 2.4% | 6.6% | 6.4% | 3.6% | 5.7% |
| Free cash flow yield | 11.1% | 18.8% | 7.9% | 7.5% | 2.9% | 1.8% |
| Revenue growth | 17.1% | 29.3% | 15.4% | 13.2% | 9.0% | -10.5% |
| Earnings growth | -60.4% | -52.6% | 22.7% | 83.5% | -35.9% | -21.5% |
| Current ratio | 1.33x | 1.66x | 2.44x | 3.70x | 3.25x | 3.66x |
| Debt to equity | 0.15x | 0.11x | 0.00x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 47.9% | 55.5% | 71.3% | 79.4% | 77.8% | 77.6% |
| Interest coverage | 2.41x | 20.60x | 74.65x | 92.18x | 30.65x | 115.58x |
| R&D as a share of sales | 5.5% | 6.0% | 6.4% | 7.5% | 6.8% | 6.0% |
| Buybacks as a share of market value | 0.3% | -2.1% | 0.3% | 1.9% | -0.0% | -33.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.4% | 16.6% | — |
| Operating income | -47.3% | -30.4% | — |
| Net income | -38.7% | -22.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.7% | 14.2% | 15.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 176.3 | 101.2 | 46.1 | 30.0 | 66.6 | 37.3 |
| Price to sales | 1.6 | 2.8 | 3.5 | 2.1 | 2.9 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 2 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.055 | 0.136 | 0.242 | 0.05 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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