W 
24.67
-0.52%
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¥3.85bn
FY2016FY2025
Net income
CN¥31.8m
FY2016FY2025
Free cash flow
−CN¥401.3m
FY2016FY2025
Shareholders' equity
CN¥1.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.85bn | CN¥3.48bn | CN¥2.85bn | CN¥1.64bn | CN¥1.25bn | CN¥948.0m | CN¥908.2m | CN¥934.6m | CN¥737.2m | CN¥634.4m |
| Research and development | CN¥97.7m | CN¥103.8m | CN¥92.0m | CN¥59.4m | CN¥37.2m | CN¥28.4m | CN¥26.1m | CN¥28.2m | CN¥20.6m | — |
| Operating income | CN¥37.6m | CN¥123.1m | CN¥158.3m | CN¥97.9m | CN¥84.1m | CN¥69.2m | CN¥68.0m | CN¥64.5m | CN¥59.4m | CN¥59.9m |
| Net income | CN¥31.8m | CN¥94.9m | CN¥120.5m | CN¥69.9m | CN¥59.8m | CN¥47.5m | CN¥54.7m | CN¥50.7m | CN¥43.3m | CN¥47.3m |
| Diluted earnings per share | 0.20 | 0.61 | 0.78 | 0.47 | 0.40 | 0.42 | 0.34 | 0.31 | 0.40 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.35bn | CN¥4.91bn | CN¥3.10bn | CN¥1.87bn | CN¥1.46bn | CN¥1.18bn | CN¥1.01bn | CN¥972.1m | CN¥827.1m | CN¥749.7m |
| Cash and short-term investments | CN¥691.9m | CN¥896.4m | CN¥305.9m | CN¥300.3m | CN¥271.9m | CN¥81.8m | CN¥109.9m | CN¥92.6m | CN¥121.5m | CN¥62.5m |
| Total liabilities | −CN¥1.79bn | CN¥3.17bn | CN¥2.02bn | CN¥922.8m | CN¥564.6m | CN¥546.6m | CN¥419.7m | CN¥443.6m | CN¥339.2m | CN¥412.1m |
| Debt | CN¥777.8m | CN¥1.31bn | CN¥1.10bn | CN¥504.6m | CN¥261.6m | CN¥236.7m | CN¥200.5m | CN¥245.0m | CN¥152.9m | CN¥243.7m |
| Shareholders' equity | CN¥1.79bn | CN¥1.67bn | CN¥1.03bn | CN¥913.3m | CN¥863.5m | CN¥608.5m | CN¥560.3m | CN¥506.2m | CN¥467.9m | CN¥318.4m |
| Shares outstanding | 163m | 155m | 155m | 149m | 150m | 112m | 163m | 163m | 107m | 102m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥231.8m | CN¥116.5m | −CN¥219.3m | −CN¥77.3m | CN¥3.6m | −CN¥34.1m | CN¥83.4m | −CN¥60.8m | CN¥51.4m | CN¥43.5m |
| Capital spending | −CN¥633.0m | −CN¥357.9m | −CN¥353.8m | −CN¥102.7m | −CN¥11.2m | −CN¥23.2m | −CN¥20.0m | −CN¥18.6m | −CN¥25.1m | −CN¥35.3m |
| Free cash flow | −CN¥401.3m | −CN¥241.4m | −CN¥573.1m | −CN¥180.0m | −CN¥7.7m | −CN¥57.3m | CN¥63.3m | −CN¥79.4m | CN¥26.3m | CN¥8.2m |
| Dividends paid | −CN¥91.5m | −CN¥80.2m | −CN¥50.7m | −CN¥19.5m | −CN¥11.7m | −CN¥10.2m | −CN¥10.0m | −CN¥21.5m | −CN¥10.0m | −CN¥12.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.21bn | CN¥1.08bn | CN¥1.25bn | CN¥864.7m | CN¥858.5m | CN¥873.6m | CN¥735.8m | CN¥892.8m |
| Operating income | CN¥66.7m | CN¥39.8m | CN¥21.8m | −CN¥2.4m | CN¥11.2m | CN¥18.5m | CN¥4.0m | CN¥39.2m |
| Net income | CN¥10.6m | CN¥7.0m | CN¥18.1m | −CN¥2.8m | CN¥3.2m | CN¥13.3m | −CN¥14.2m | CN¥30.3m |
| Diluted earnings per share | 0.07 | 0.04 | 0.11 | -0.02 | 0.02 | 0.08 | -0.09 | 0.20 |
| Cash from operations | — | — | — | CN¥18.0m | CN¥99.0m | −CN¥215.0m | — | CN¥32.0m |
| Capital spending | −CN¥84.0m | −CN¥58.0m | −CN¥62.0m | −CN¥78.0m | −CN¥353.0m | −CN¥138.0m | −CN¥119.0m | −CN¥98.0m |
| Free cash flow | — | — | — | −CN¥60.0m | −CN¥254.0m | −CN¥353.0m | — | −CN¥66.0m |
| Total assets | CN¥5.92bn | CN¥5.42bn | CN¥5.35bn | CN¥5.10bn | CN¥4.99bn | CN¥4.86bn | CN¥4.91bn | CN¥4.00bn |
| Cash and short-term investments | — | — | CN¥691.9m | CN¥691.9m | CN¥756.7m | CN¥700.7m | CN¥896.4m | CN¥245.4m |
| Debt | CN¥782.8m | CN¥980.6m | CN¥777.8m | CN¥1.46bn | CN¥1.64bn | CN¥1.59bn | CN¥1.29bn | CN¥1.43bn |
| Shareholders' equity | CN¥2.01bn | CN¥1.71bn | CN¥1.79bn | CN¥1.67bn | CN¥1.67bn | CN¥1.69bn | CN¥1.67bn | CN¥1.10bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 0.9% | 5.3% | 6.6% | 6.1% | 6.9% | 7.5% |
| Net margin | 0.8% | 2.7% | 4.2% | 4.3% | 4.8% | 5.0% |
| Return on equity | 1.8% | 5.7% | 11.7% | 7.7% | 6.9% | 7.8% |
| Return on assets | 0.6% | 1.9% | 3.9% | 3.7% | 4.1% | 4.0% |
| Free cash flow yield | 18.8% | 10.8% | 3.1% | 0.6% | 0.3% | -0.3% |
| Revenue growth | 10.6% | 22.2% | 74.0% | 30.5% | 32.3% | 4.4% |
| Earnings growth | -66.5% | -21.2% | 72.3% | 16.9% | 25.9% | -13.2% |
| Current ratio | 1.34x | 1.26x | 1.33x | 1.78x | 2.27x | 1.80x |
| Debt to equity | 0.44x | 0.77x | 1.05x | 0.55x | 0.30x | 0.37x |
| Equity ratio | 33.4% | 34.0% | 33.3% | 48.9% | 59.2% | 51.4% |
| Interest coverage | 0.79x | 2.82x | 5.95x | 5.20x | 5.06x | 4.64x |
| R&D as a share of sales | 2.5% | 3.0% | 3.2% | 3.6% | 3.0% | 3.0% |
| Buybacks as a share of market value | -5.1% | 0.0% | -3.9% | 0.7% | -33.9% | -4.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 33.0% | 32.3% | 19.4% |
| Operating income | -27.3% | -11.5% | -4.1% |
| Net income | -23.1% | -7.7% | -4.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.2% | 3.5% | 4.1% | 4.9% |
| Net margin | 1.7% | 2.7% | 3.0% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 189.8 | 41.0 | 24.2 | 56.0 | 39.9 |
| Price to sales | 1.6 | 1.1 | 1.0 | 2.4 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 16 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.051 | 0.152 | 0.233 | 0.138 | 0.125 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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