X 
43.82
-2.82%
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¥3.70bn
FY2016FY2025
Net income
CN¥1.04bn
FY2016FY2025
Free cash flow
CN¥473.2m
FY2016FY2025
Shareholders' equity
CN¥3.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.70bn | CN¥2.82bn | CN¥2.10bn | CN¥1.53bn | CN¥1.13bn | CN¥793.9m | CN¥729.7m | CN¥448.3m | CN¥323.1m | CN¥280.4m |
| Gross profit | CN¥3.70bn | CN¥2.63bn | CN¥1.96bn | CN¥1.36bn | CN¥1.01bn | CN¥708.3m | CN¥647.9m | CN¥389.9m | CN¥280.2m | CN¥248.2m |
| Research and development | CN¥388.0m | CN¥294.7m | CN¥230.0m | CN¥142.6m | CN¥81.5m | CN¥76.7m | CN¥53.4m | CN¥40.6m | CN¥19.7m | CN¥9.8m |
| Operating income | CN¥1.25bn | CN¥970.7m | CN¥680.7m | CN¥406.9m | CN¥248.5m | CN¥158.1m | CN¥116.1m | CN¥34.7m | CN¥16.4m | CN¥35.0m |
| Net income | CN¥1.04bn | CN¥827.6m | CN¥555.4m | CN¥287.0m | CN¥181.2m | CN¥116.6m | CN¥64.3m | CN¥16.0m | CN¥5.2m | CN¥29.3m |
| Diluted earnings per share | 2.54 | 2.03 | 1.37 | 0.74 | 0.48 | 0.29 | 0.17 | 0.03 | 0.01 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.37bn | CN¥3.05bn | CN¥2.36bn | CN¥1.77bn | CN¥1.42bn | CN¥1.19bn | CN¥789.8m | CN¥707.8m | CN¥637.1m | CN¥642.6m |
| Cash and short-term investments | CN¥825.5m | CN¥661.8m | CN¥670.0m | CN¥572.0m | CN¥481.8m | CN¥465.4m | CN¥205.9m | CN¥145.1m | CN¥83.8m | CN¥134.7m |
| Total liabilities | −CN¥3.01bn | CN¥497.1m | CN¥479.7m | CN¥361.0m | CN¥262.9m | CN¥192.3m | CN¥226.3m | CN¥208.5m | CN¥153.9m | CN¥164.5m |
| Debt | CN¥104.0m | CN¥3.3m | CN¥7.9m | CN¥9.7m | CN¥25.2m | CN¥18.9m | CN¥60.1m | CN¥70.0m | CN¥80.0m | CN¥88.2m |
| Shareholders' equity | CN¥3.01bn | CN¥2.55bn | CN¥1.88bn | CN¥1.41bn | CN¥1.16bn | CN¥1.00bn | CN¥563.6m | CN¥499.3m | CN¥483.3m | CN¥478.1m |
| Shares outstanding | 409m | 408m | 406m | 390m | 375m | 404m | 377m | 612m | 409m | 409m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥729.4m | CN¥430.6m | CN¥512.1m | CN¥363.2m | CN¥234.8m | CN¥92.6m | CN¥123.3m | CN¥89.1m | −CN¥11.4m | CN¥42.4m |
| Capital spending | −CN¥256.1m | −CN¥251.4m | −CN¥288.5m | −CN¥219.2m | −CN¥190.9m | −CN¥118.8m | −CN¥44.8m | −CN¥14.6m | −CN¥26.9m | −CN¥87.0m |
| Free cash flow | CN¥473.2m | CN¥179.3m | CN¥223.6m | CN¥144.0m | CN¥43.9m | −CN¥26.2m | CN¥78.5m | CN¥74.5m | −CN¥38.3m | −CN¥44.6m |
| Dividends paid | −CN¥252.9m | −CN¥166.8m | −CN¥86.6m | −CN¥40.7m | −CN¥20.3m | −CN¥10.2m | −CN¥3.4m | −CN¥3.8m | −CN¥4.0m | −CN¥4.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.04bn | CN¥797.8m | CN¥1.22bn | CN¥968.9m | CN¥837.3m | CN¥673.3m | CN¥862.5m | CN¥764.9m |
| Gross profit | CN¥919.8m | CN¥713.7m | CN¥1.40bn | CN¥891.3m | CN¥776.4m | CN¥627.4m | CN¥807.9m | CN¥714.2m |
| Operating income | CN¥371.9m | CN¥195.9m | CN¥472.2m | CN¥284.2m | CN¥277.2m | CN¥220.0m | CN¥297.8m | CN¥287.7m |
| Net income | CN¥312.0m | CN¥164.5m | CN¥371.6m | CN¥238.2m | CN¥245.8m | CN¥182.1m | CN¥273.5m | CN¥249.8m |
| Diluted earnings per share | 0.76 | 0.40 | 0.91 | 0.58 | 0.60 | 0.44 | 0.67 | 0.61 |
| Cash from operations | — | — | — | CN¥110.0m | CN¥153.0m | CN¥206.0m | — | CN¥219.0m |
| Capital spending | −CN¥69.0m | −CN¥74.0m | −CN¥87.0m | −CN¥69.0m | −CN¥38.0m | −CN¥59.0m | −CN¥60.0m | −CN¥59.0m |
| Free cash flow | — | — | — | CN¥41.0m | CN¥115.0m | CN¥147.0m | — | CN¥160.0m |
| Total assets | CN¥4.50bn | CN¥4.46bn | CN¥4.37bn | CN¥3.79bn | CN¥3.21bn | CN¥3.18bn | CN¥3.05bn | CN¥2.68bn |
| Cash and short-term investments | — | — | CN¥825.5m | CN¥825.5m | CN¥679.6m | CN¥818.1m | CN¥661.8m | CN¥584.5m |
| Debt | CN¥683.9m | CN¥135.0m | CN¥104.0m | CN¥32.5m | CN¥9.9m | CN¥9.9m | — | — |
| Shareholders' equity | CN¥3.10bn | CN¥3.63bn | CN¥3.01bn | CN¥3.01bn | CN¥2.76bn | CN¥2.75bn | CN¥2.55bn | CN¥2.26bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 93.5% | 93.3% | 88.8% | 88.8% | 89.2% |
| Operating margin | 33.9% | 34.5% | 32.4% | 26.7% | 22.0% | 19.9% |
| Net margin | 28.1% | 29.4% | 26.4% | 18.8% | 16.0% | 14.7% |
| Return on equity | 34.5% | 32.4% | 29.6% | 20.4% | 15.6% | 11.7% |
| Return on assets | 23.7% | 27.1% | 23.6% | 16.2% | 12.7% | 9.8% |
| Free cash flow yield | 4.5% | 3.1% | 3.7% | 2.8% | 2.1% | 1.0% |
| Revenue growth | 31.2% | 34.1% | 37.6% | 34.9% | 42.6% | 8.8% |
| Earnings growth | 25.4% | 49.0% | 93.5% | 58.4% | 55.4% | 81.3% |
| Current ratio | 3.86x | 4.34x | 3.32x | 3.57x | 4.71x | 6.72x |
| Debt to equity | 0.03x | 0.00x | -0.00x | 0.00x | 0.01x | 0.02x |
| Equity ratio | 68.8% | 83.7% | 79.6% | 79.6% | 81.5% | 83.9% |
| Interest coverage | 880.01x | 1498.98x | 868.19x | 468.83x | 192.56x | 58.87x |
| R&D as a share of sales | 10.5% | 10.5% | 10.9% | 9.3% | 7.2% | 9.7% |
| Buybacks as a share of market value | -0.2% | -0.7% | -4.0% | -4.0% | 7.1% | -7.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.3% | 36.1% | — |
| Operating income | 45.5% | 51.3% | — |
| Net income | 53.5% | 54.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 97.2% | 95.1% | 94.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 33.0 | 36.2 | 38.2 | 52.9 | 60.6 | 118.1 |
| Price to sales | 9.3 | 10.6 | 10.1 | 9.9 | 9.7 | 17.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.62 | 0.62 | 0.41 | 0.213 | 0.10 | 0.05 | 0.025 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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