Z 
52.09
+6.50%
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¥2.86bn
FY2017FY2025
Net income
CN¥77.3m
FY2017FY2025
Free cash flow
−CN¥51.4m
FY2017FY2025
Shareholders' equity
CN¥1.57bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.86bn | CN¥2.54bn | CN¥2.13bn | CN¥1.90bn | CN¥1.72bn | CN¥1.27bn | CN¥1.27bn | CN¥1.21bn | CN¥1.10bn |
| Gross profit | CN¥379.5m | CN¥331.1m | CN¥282.3m | CN¥240.8m | CN¥293.9m | CN¥261.8m | CN¥269.8m | CN¥247.2m | CN¥256.0m |
| Research and development | CN¥122.2m | CN¥92.8m | CN¥92.5m | CN¥65.7m | CN¥60.0m | CN¥43.2m | CN¥44.8m | CN¥44.3m | CN¥40.1m |
| Operating income | CN¥95.2m | CN¥168.3m | CN¥71.4m | CN¥77.8m | CN¥139.8m | CN¥133.0m | CN¥119.0m | CN¥98.8m | CN¥112.3m |
| Net income | CN¥77.3m | CN¥139.2m | CN¥70.1m | CN¥75.5m | CN¥127.5m | CN¥120.4m | CN¥102.7m | CN¥73.9m | CN¥84.2m |
| Diluted earnings per share | 0.28 | 0.49 | 0.28 | 0.31 | 0.52 | 0.68 | 0.37 | 0.27 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.63bn | CN¥3.50bn | CN¥2.89bn | CN¥1.86bn | CN¥1.60bn | CN¥812.7m | CN¥647.3m | CN¥626.1m | CN¥628.9m |
| Cash and short-term investments | — | CN¥435.1m | CN¥554.8m | CN¥471.0m | CN¥582.7m | CN¥152.7m | CN¥88.9m | CN¥98.5m | CN¥103.8m |
| Total liabilities | CN¥1.98bn | CN¥2.00bn | CN¥1.56bn | CN¥751.1m | CN¥506.2m | CN¥384.6m | CN¥279.9m | CN¥343.4m | CN¥370.1m |
| Debt | CN¥418.7m | CN¥1.08bn | CN¥805.8m | CN¥325.3m | CN¥16.1m | CN¥48.9m | CN¥47.6m | CN¥66.9m | CN¥53.8m |
| Shareholders' equity | CN¥1.57bn | CN¥1.42bn | CN¥1.27bn | CN¥1.05bn | CN¥1.03bn | CN¥427.8m | CN¥367.4m | CN¥282.7m | CN¥258.8m |
| Shares outstanding | 277m | 287m | 251m | 246m | 243m | 178m | 277m | 277m | 277m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥270.7m | −CN¥7.0m | CN¥88.3m | CN¥20.0m | CN¥102.8m | CN¥169.9m | CN¥145.5m | CN¥71.5m | CN¥54.6m |
| Capital spending | −CN¥322.0m | −CN¥704.8m | −CN¥672.2m | −CN¥353.6m | −CN¥139.8m | −CN¥46.8m | −CN¥55.3m | −CN¥33.5m | −CN¥27.5m |
| Free cash flow | −CN¥51.4m | −CN¥711.8m | −CN¥583.9m | −CN¥333.6m | −CN¥37.0m | CN¥123.0m | CN¥90.3m | CN¥38.0m | CN¥27.1m |
| Dividends paid | −CN¥82.2m | −CN¥64.9m | −CN¥53.6m | −CN¥60.0m | −CN¥60.0m | −CN¥60.0m | −CN¥59.0m | −CN¥15.0m | −CN¥2.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥896.1m | CN¥818.6m | CN¥759.0m | CN¥762.3m | CN¥731.3m | CN¥603.0m | CN¥765.1m | CN¥619.2m |
| Gross profit | CN¥135.1m | CN¥103.1m | CN¥90.6m | CN¥98.4m | CN¥94.1m | CN¥96.4m | CN¥64.7m | CN¥79.3m |
| Operating income | CN¥51.8m | CN¥34.6m | CN¥13.6m | CN¥12.2m | CN¥21.7m | CN¥35.6m | CN¥86.6m | CN¥427,398 |
| Net income | CN¥33.1m | CN¥18.8m | CN¥12.7m | CN¥13.7m | CN¥16.1m | CN¥34.9m | CN¥69.1m | CN¥6.8m |
| Diluted earnings per share | 0.12 | 0.07 | 0.05 | 0.05 | 0.06 | 0.13 | 0.24 | 0.02 |
| Cash from operations | — | — | — | CN¥59.0m | CN¥75.0m | −CN¥20.0m | — | CN¥4.0m |
| Capital spending | −CN¥51.0m | −CN¥41.0m | −CN¥62.0m | −CN¥63.0m | −CN¥82.0m | −CN¥113.0m | −CN¥235.0m | −CN¥179.0m |
| Free cash flow | — | — | — | −CN¥4.0m | −CN¥7.0m | −CN¥133.0m | — | −CN¥175.0m |
| Total assets | CN¥4.33bn | CN¥4.33bn | CN¥3.63bn | CN¥3.70bn | CN¥3.57bn | CN¥3.59bn | CN¥3.50bn | CN¥3.44bn |
| Cash and short-term investments | — | — | — | CN¥384.6m | CN¥350.4m | CN¥382.6m | CN¥435.1m | CN¥434.8m |
| Debt | CN¥445.4m | CN¥432.2m | CN¥418.7m | CN¥1.13bn | CN¥1.09bn | CN¥1.12bn | CN¥1.08bn | CN¥1.09bn |
| Shareholders' equity | CN¥2.27bn | CN¥2.28bn | CN¥1.57bn | CN¥1.55bn | CN¥1.54bn | CN¥1.55bn | CN¥1.42bn | CN¥1.31bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.3% | 13.0% | 13.2% | 12.7% | 17.1% | 20.6% |
| Operating margin | 3.3% | 6.6% | 3.4% | 4.1% | 8.1% | 10.5% |
| Net margin | 2.7% | 5.5% | 3.3% | 4.0% | 7.4% | 9.5% |
| Return on equity | 4.9% | 9.8% | 5.5% | 7.2% | 12.4% | 28.1% |
| Return on assets | 2.1% | 4.0% | 2.4% | 4.1% | 8.0% | 14.8% |
| Free cash flow yield | 7.3% | 8.3% | 10.3% | 5.2% | 3.4% | 4.1% |
| Revenue growth | 12.4% | 19.2% | 12.1% | 10.9% | 35.2% | 0.0% |
| Earnings growth | -44.5% | 98.4% | -7.1% | -40.8% | 5.9% | 17.2% |
| Current ratio | 0.92x | 1.06x | 1.31x | 1.85x | 2.38x | 1.49x |
| Debt to equity | 0.27x | 0.76x | 0.63x | 0.31x | 0.04x | 0.01x |
| Equity ratio | 43.3% | 40.7% | 44.0% | 56.3% | 64.5% | 52.6% |
| Interest coverage | 4.49x | 7.14x | 4.41x | 45.82x | 73.11x | 48.58x |
| R&D as a share of sales | 4.3% | 3.7% | 4.3% | 3.5% | 3.5% | 3.4% |
| Buybacks as a share of market value | 3.6% | -14.2% | -2.0% | -1.2% | -36.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.5% | 17.6% | — |
| Operating income | 7.0% | -6.5% | — |
| Net income | 0.8% | -8.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.2% | 13.1% | 14.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 123.0 | 31.1 | 42.5 | 31.1 | 25.1 |
| Price to sales | 3.3 | 1.7 | 1.4 | 1.2 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 12 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.107 | 0.214 | 0.143 | 0.357 | 0.246 |
- 7-for-5 split · 30 May 2025
- 1.45-for-1 split · 8 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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