Z 
15.19
-0.72%
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¥1.19bn
FY2014FY2025
Net income
CN¥64.2m
FY2014FY2025
Free cash flow
−CN¥21.6m
FY2014FY2025
Shareholders' equity
CN¥869.1m
FY2014FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.19bn | CN¥970.7m | CN¥798.1m | CN¥671.2m | CN¥656.0m | CN¥502.2m | CN¥328.5m | CN¥219.4m | CN¥136.8m | CN¥43.1m |
| Research and development | CN¥116.5m | CN¥111.2m | CN¥100.8m | CN¥87.4m | CN¥69.0m | CN¥39.3m | CN¥29.4m | CN¥22.4m | CN¥15.4m | — |
| Operating income | CN¥66.3m | CN¥53.5m | CN¥44.9m | CN¥26.3m | CN¥77.8m | CN¥107.8m | CN¥99.0m | CN¥45.4m | CN¥32.1m | CN¥7.0m |
| Net income | CN¥64.2m | CN¥51.3m | CN¥41.5m | CN¥28.0m | CN¥70.5m | CN¥92.2m | CN¥85.3m | CN¥40.0m | CN¥28.4m | CN¥7.5m |
| Diluted earnings per share | 0.29 | 0.24 | 0.18 | 0.11 | 0.31 | 0.52 | 0.51 | 0.18 | 0.13 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.79bn | CN¥1.52bn | CN¥1.41bn | CN¥1.22bn | CN¥1.25bn | CN¥717.5m | CN¥514.5m | CN¥352.3m | CN¥206.0m | CN¥48.8m |
| Cash and short-term investments | — | CN¥253.3m | CN¥381.2m | CN¥361.3m | CN¥373.1m | CN¥205.3m | CN¥143.0m | CN¥111.5m | CN¥66.1m | CN¥4.5m |
| Total liabilities | CN¥920.4m | CN¥634.1m | CN¥537.6m | CN¥386.4m | CN¥432.3m | CN¥323.2m | CN¥212.4m | CN¥130.9m | CN¥74.3m | CN¥18.3m |
| Debt | CN¥58.6m | CN¥4.9m | CN¥51.8m | CN¥31.2m | CN¥1.2m | CN¥22.3m | CN¥15.9m | CN¥11.2m | CN¥8.0m | CN¥7.6m |
| Shareholders' equity | CN¥869.1m | CN¥886.7m | CN¥869.0m | CN¥829.4m | CN¥816.5m | CN¥394.3m | CN¥302.1m | CN¥221.3m | CN¥131.7m | CN¥30.6m |
| Shares outstanding | 225m | 214m | 233m | 249m | 224m | 177m | 168m | 225m | 225m | 225m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥17.5m | CN¥73.2m | CN¥110.0m | CN¥27.5m | −CN¥50.8m | CN¥52.9m | CN¥34.4m | CN¥3.0m | CN¥21.7m | −CN¥7.1m |
| Capital spending | −CN¥39.1m | −CN¥30.3m | −CN¥41.6m | −CN¥16.1m | −CN¥115.9m | −CN¥16.5m | −CN¥1.8m | −CN¥5.3m | −CN¥1.5m | −CN¥2.6m |
| Free cash flow | −CN¥21.6m | CN¥42.9m | CN¥68.4m | CN¥11.4m | −CN¥166.7m | CN¥36.5m | CN¥32.6m | −CN¥2.3m | CN¥20.2m | −CN¥9.7m |
| Dividends paid | −CN¥102.1m | −CN¥46.1m | −CN¥19.3m | −CN¥23.0m | −CN¥30.6m | −CN¥725,878 | −CN¥24.5m | −CN¥13,823 | −CN¥478,980 | −CN¥1.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥259.9m | CN¥149.2m | CN¥437.3m | CN¥290.4m | CN¥325.9m | CN¥136.7m | CN¥294.7m | CN¥241.8m |
| Operating income | −CN¥32.7m | −CN¥15.1m | CN¥13.0m | CN¥30.5m | CN¥30.5m | −CN¥7.2m | CN¥10.0m | CN¥16.6m |
| Net income | −CN¥34.7m | −CN¥11.2m | CN¥18.3m | CN¥26.9m | CN¥30.2m | −CN¥11.1m | CN¥14.6m | CN¥11.4m |
| Diluted earnings per share | -0.15 | -0.05 | 0.08 | 0.12 | 0.13 | -0.05 | 0.07 | 0.05 |
| Cash from operations | — | — | — | −CN¥23.0m | −CN¥19.0m | −CN¥27.0m | — | −CN¥21.0m |
| Capital spending | −CN¥18.0m | −CN¥20.0m | −CN¥19.0m | −CN¥13.0m | −CN¥6.0m | — | −CN¥10.0m | −CN¥15.0m |
| Free cash flow | — | — | — | −CN¥36.0m | −CN¥25.0m | — | — | −CN¥36.0m |
| Total assets | CN¥2.05bn | CN¥1.80bn | CN¥1.79bn | CN¥1.49bn | CN¥1.49bn | CN¥1.55bn | CN¥1.52bn | CN¥1.50bn |
| Cash and short-term investments | — | — | — | CN¥246.2m | CN¥229.8m | CN¥288.6m | CN¥253.3m | CN¥283.8m |
| Debt | CN¥355.8m | CN¥157.6m | CN¥58.6m | CN¥104.4m | CN¥60.0m | CN¥60.0m | CN¥4.4m | CN¥100.1m |
| Shareholders' equity | CN¥836.8m | CN¥858.8m | CN¥869.1m | CN¥873.5m | CN¥845.0m | CN¥880.5m | CN¥886.7m | CN¥887.6m |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.5% | 5.9% | 5.9% | 3.8% | 11.8% | 21.3% |
| Net margin | 5.4% | 5.3% | 5.2% | 4.2% | 10.7% | 18.4% |
| Return on equity | 7.4% | 5.8% | 4.8% | 3.4% | 8.6% | 23.4% |
| Return on assets | 3.6% | 3.4% | 2.9% | 2.3% | 5.6% | 12.8% |
| Free cash flow yield | 1.3% | 2.5% | 3.3% | 0.9% | 1.5% | 2.0% |
| Revenue growth | 22.6% | 21.6% | 18.9% | 2.3% | 30.6% | 52.9% |
| Earnings growth | 25.1% | 23.6% | 48.4% | -60.3% | -23.6% | 8.1% |
| Current ratio | 1.71x | 1.89x | 2.17x | 2.84x | 2.66x | 2.13x |
| Debt to equity | 0.07x | 0.00x | 0.06x | 0.04x | 0.00x | 0.06x |
| Equity ratio | 48.5% | 58.3% | 61.7% | 68.1% | 65.4% | 55.0% |
| Interest coverage | 42.06x | 16.95x | 18.08x | 11.77x | 53.24x | 56.19x |
| R&D as a share of sales | 9.8% | 11.5% | 12.6% | 13.0% | 10.5% | 7.8% |
| Buybacks as a share of market value | -5.1% | 8.4% | 6.4% | -11.0% | -26.5% | -5.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.0% | 18.8% | 44.1% |
| Operating income | 36.1% | -9.3% | 83.6% |
| Net income | 31.9% | -7.0% | 48.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.5% | 5.3% | 7.9% | 10.1% |
| Net margin | 5.3% | 5.1% | 7.3% | 9.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 112.5 | 47.5 | 69.7 | 75.7 | 47.2 |
| Price to sales | 6.1 | 2.5 | 3.6 | 3.2 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.311 | 0.144 | 0.058 | 0.072 | 0.096 |
- 1.49-for-1 split · 6 Jun 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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