Z 
11.17
-0.62%
Close of 9 Nov 2026, in HKD
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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¥6.79bn
FY2016FY2025
Net income
CN¥897.1m
FY2016FY2025
Free cash flow
−CN¥70.3m
FY2016FY2025
Shareholders' equity
CN¥4.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.79bn | CN¥6.66bn | CN¥6.00bn | CN¥3.61bn | CN¥69.0m | CN¥36.5m | CN¥115.3m | CN¥236.1m | CN¥200.2m | CN¥352.5m |
| Gross profit | CN¥1.87bn | CN¥1.72bn | CN¥1.57bn | CN¥1.40bn | CN¥20.7m | −CN¥33.9m | −CN¥7.2m | CN¥79.2m | −CN¥47.9m | −CN¥53.6m |
| Research and development | CN¥20.8m | CN¥14.6m | CN¥11.6m | CN¥11.0m | CN¥1.4m | CN¥2.6m | CN¥8.3m | CN¥2.3m | CN¥2.5m | CN¥7.5m |
| Operating income | CN¥1.13bn | CN¥1.03bn | CN¥929.9m | CN¥839.5m | CN¥7.2m | −CN¥830.7m | −CN¥139.6m | −CN¥10.0m | −CN¥152.6m | −CN¥225.2m |
| Net income | CN¥897.1m | CN¥822.6m | CN¥768.3m | CN¥669.9m | −CN¥65.7m | −CN¥874.6m | −CN¥190.6m | −CN¥263.5m | −CN¥208.4m | −CN¥294.9m |
| Diluted earnings per share | 2.04 | 1.93 | 1.81 | 1.57 | -0.02 | -0.36 | -0.08 | -0.13 | -0.20 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.79bn | CN¥3.96bn | CN¥3.58bn | CN¥3.01bn | CN¥308.2m | CN¥299.8m | CN¥1.08bn | CN¥1.37bn | CN¥1.62bn | CN¥1.66bn |
| Cash and short-term investments | CN¥1.27bn | CN¥580.5m | CN¥207.3m | CN¥242.0m | CN¥15.6m | CN¥65.8m | CN¥77.7m | CN¥91.5m | CN¥237.5m | CN¥149.1m |
| Total liabilities | CN¥1.53bn | CN¥1.38bn | CN¥945.2m | CN¥791.7m | CN¥798.3m | CN¥842.1m | CN¥833.4m | CN¥1.09bn | CN¥1.24bn | CN¥1.16bn |
| Debt | CN¥457.0m | CN¥729.8m | CN¥119.7m | CN¥39.3m | CN¥491.0m | CN¥464.5m | CN¥457.3m | CN¥416.0m | CN¥584.7m | CN¥655.7m |
| Shareholders' equity | CN¥4.25bn | CN¥2.58bn | CN¥2.64bn | CN¥2.22bn | −CN¥476.3m | −CN¥526.2m | CN¥178.7m | CN¥220.1m | CN¥391.3m | CN¥505.1m |
| Shares outstanding | 440m | 426m | 426m | 426m | 2,860m | 2,443m | 2,443m | 2,047m | 1,020m | 1,841m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥200.5m | CN¥454.3m | CN¥470.4m | CN¥161.8m | −CN¥55.4m | CN¥48.6m | CN¥47.5m | −CN¥86.7m | −CN¥73.1m | −CN¥141.3m |
| Capital spending | −CN¥270.7m | −CN¥391.7m | −CN¥39.1m | −CN¥210.4m | — | −CN¥6.5m | −CN¥1.6m | −CN¥7.4m | −CN¥5.1m | −CN¥32.5m |
| Free cash flow | −CN¥70.3m | CN¥62.6m | CN¥431.3m | −CN¥48.5m | −CN¥55.4m | CN¥42.1m | CN¥45.9m | −CN¥94.0m | −CN¥78.3m | −CN¥173.8m |
| Dividends paid | −CN¥448.4m | −CN¥750.6m | −CN¥349.7m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.72bn | CN¥1.56bn | CN¥1.56bn | CN¥1.83bn | CN¥1.83bn | CN¥6.66bn | CN¥1.74bn | CN¥1.74bn |
| Gross profit | CN¥941.3m | CN¥452.5m | CN¥452.5m | CN¥481.7m | CN¥481.7m | CN¥1.72bn | CN¥443.2m | CN¥443.2m |
| Operating income | CN¥572.6m | CN¥263.7m | CN¥263.7m | CN¥299.4m | CN¥299.4m | CN¥1.04bn | CN¥264.5m | CN¥264.5m |
| Net income | CN¥434.4m | CN¥206.7m | CN¥206.7m | CN¥241.8m | CN¥241.8m | CN¥822.6m | CN¥216.2m | CN¥216.2m |
| Diluted earnings per share | 0.99 | 0.47 | 0.47 | 0.55 | 0.55 | 1.93 | 0.51 | 0.51 |
| Cash from operations | — | −CN¥367.0m | −CN¥251.0m | CN¥273.0m | CN¥273.0m | — | CN¥209.0m | CN¥209.0m |
| Capital spending | — | −CN¥185.0m | −CN¥93.0m | −CN¥45.0m | — | — | — | — |
| Free cash flow | — | −CN¥552.0m | −CN¥344.0m | CN¥228.0m | — | — | — | — |
| Total assets | CN¥5.85bn | CN¥6.74bn | CN¥5.78bn | CN¥5.92bn | CN¥5.09bn | CN¥4.61bn | — | — |
| Cash and short-term investments | CN¥734.6m | CN¥1.48bn | CN¥1.49bn | CN¥1.89bn | CN¥1.68bn | CN¥676.1m | — | CN¥201.9m |
| Debt | CN¥504.4m | CN¥532.3m | CN¥361.4m | CN¥519.1m | CN¥374.1m | CN¥825.5m | — | — |
| Shareholders' equity | CN¥4.23bn | CN¥4.95bn | CN¥4.25bn | CN¥4.56bn | CN¥3.91bn | CN¥3.00bn | — | CN¥2.26bn |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 27.5% | 25.9% | 26.2% | 38.7% | 98.6% | -92.6% | — | — |
| Operating margin | 15.7% | 15.6% | 16.2% | 24.0% | 0.5% | 1527.1% | — | — |
| Net margin | 13.2% | 12.4% | 12.8% | 18.5% | -2.0% | -2393.2% | — | — |
| Return on equity | 18.1% | 27.4% | 29.1% | 30.2% | 11.8% | 166.2% | — | — |
| Return on assets | 13.3% | 17.8% | 21.5% | 22.3% | -18.3% | -291.7% | — | — |
| Free cash flow yield | 8.0% | 16.6% | — | 6.5% | — | 0.2% | 0.1% | 1.1% |
| Revenue growth | 2.0% | 11.0% | 66.0% | 11.1% | 8795.9% | -98.6% | — | — |
| Earnings growth | 9.1% | 7.1% | 14.7% | -1120.2% | -92.5% | 358.9% | — | — |
| Current ratio | 3.52x | 2.48x | 3.13x | 3.28x | 0.33x | 0.35x | — | — |
| Debt to equity | 0.10x | 0.27x | 0.05x | 0.02x | -0.03x | -1.03x | — | — |
| Equity ratio | 73.5% | 65.1% | 73.6% | 73.7% | -154.5% | -175.5% | — | — |
| Interest coverage | 89.06x | 95.20x | 341.32x | 347.55x | 0.36x | 8.65x | — | — |
| R&D as a share of sales | 0.3% | 0.2% | 0.2% | 0.3% | 0.0% | 7.0% | — | — |
| Buybacks as a share of market value | -16.1% | 11.0% | — | 82.6% | — | 0.0% | -139.4% | 39.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.4% | 184.4% | 28.5% |
| Operating income | 10.3% | — | 29.9% |
| Net income | 10.2% | — | 31.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.7% | 28.4% | 28.3% | 27.2% |
| Operating margin | 16.0% | 17.0% | 13.4% | 10.8% |
| Net margin | 12.8% | 13.7% | 9.6% | 5.3% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 12.3 |
| Price to sales | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 23 Sept 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.49 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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