C 
8.76
-2.99%
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¥40.26bn
FY2020FY2025
Net income
CN¥1.02bn
FY2020FY2025
Free cash flow
CN¥263.4m
FY2020FY2025
Shareholders' equity
CN¥23.39bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥40.26bn | CN¥46.17bn | CN¥51.31bn | CN¥47.54bn | CN¥28.01bn | CN¥23.28bn |
| Research and development | CN¥650.6m | CN¥856.6m | CN¥704.1m | CN¥466.8m | CN¥373.4m | CN¥271.0m |
| Operating income | CN¥2.74bn | CN¥4.32bn | CN¥4.28bn | CN¥2.95bn | CN¥28.01bn | CN¥1.98bn |
| Net income | CN¥1.02bn | CN¥2.25bn | CN¥2.90bn | CN¥2.16bn | CN¥35.0m | CN¥1.61bn |
| Diluted earnings per share | 0.28 | 0.61 | 0.79 | 0.58 | 0.01 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥64.38bn | CN¥65.36bn | CN¥65.78bn | CN¥48.30bn | CN¥34.12bn | CN¥29.22bn |
| Cash and short-term investments | — | — | — | — | — | CN¥6.14bn |
| Total liabilities | CN¥40.98bn | CN¥42.48bn | CN¥44.30bn | CN¥36.56bn | CN¥24.65bn | CN¥19.71bn |
| Debt | — | CN¥17.99bn | CN¥13.85bn | CN¥19.55bn | CN¥13.65bn | CN¥10.06bn |
| Shareholders' equity | CN¥23.39bn | CN¥22.90bn | CN¥21.42bn | CN¥11.66bn | — | CN¥9.51bn |
| Shares outstanding | 3,688m | 3,688m | 3,688m | 3,688m | 3,688m | 3,607m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | CN¥7.08bn | CN¥2.43bn | CN¥8.23bn | CN¥5.66bn | −CN¥1.66bn | CN¥6.74bn |
| Capital spending | −CN¥6.81bn | −CN¥7.87bn | −CN¥8.20bn | −CN¥4.22bn | −CN¥2.84bn | −CN¥2.60bn |
| Free cash flow | CN¥263.4m | −CN¥5.44bn | CN¥30.5m | CN¥1.44bn | −CN¥4.51bn | CN¥4.14bn |
| Dividends paid | −CN¥870.5m | −CN¥831.4m | −CN¥440.9m | −CN¥359.2m | −CN¥157.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.65bn | CN¥7.13bn | CN¥8.99bn | CN¥10.22bn | CN¥12.47bn | CN¥8.59bn | CN¥11.99bn | CN¥12.22bn |
| Operating income | −CN¥204.2m | CN¥867.0m | CN¥503.3m | CN¥335.5m | CN¥1.50bn | CN¥152.9m | CN¥1.27bn | CN¥993.1m |
| Net income | −CN¥219.8m | CN¥519.4m | CN¥26.8m | CN¥257.9m | CN¥683.7m | CN¥47.3m | CN¥292.4m | CN¥715.6m |
| Diluted earnings per share | -0.06 | 0.14 | 0.01 | 0.07 | 0.19 | 0.01 | 0.08 | 0.19 |
| Capital spending | −CN¥595.0m | −CN¥1.04bn | −CN¥1.73bn | — | −CN¥1.25bn | −CN¥1.84bn | −CN¥1.51bn | −CN¥1.69bn |
| Total assets | CN¥60.08bn | CN¥63.08bn | CN¥64.38bn | CN¥68.97bn | CN¥68.94bn | CN¥66.41bn | CN¥65.36bn | CN¥66.83bn |
| Cash and short-term investments | — | — | — | CN¥14.71bn | — | — | — | — |
| Debt | CN¥4.96bn | CN¥7.99bn | CN¥7.19bn | CN¥16.90bn | CN¥6.94bn | CN¥6.51bn | CN¥6.37bn | CN¥6.00bn |
| Shareholders' equity | CN¥22.73bn | CN¥23.64bn | CN¥23.39bn | CN¥23.48bn | CN¥23.31bn | CN¥22.90bn | CN¥22.90bn | CN¥22.72bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | 6.8% | 9.4% | 8.3% | 6.2% | 100.0% |
| Net margin | 2.5% | 4.9% | 5.7% | 4.5% | 0.1% |
| Return on equity | 4.3% | 9.8% | 13.6% | 18.5% | — |
| Return on assets | 1.6% | 3.4% | 4.4% | 4.5% | 0.1% |
| Free cash flow yield | 46.3% | 34.3% | — | — | — |
| Revenue growth | -12.8% | -10.0% | 7.9% | 69.7% | — |
| Earnings growth | -54.8% | -22.6% | 34.6% | 6065.4% | — |
| Current ratio | 1.25x | 1.14x | 1.05x | 1.02x | 1.03x |
| Debt to equity | 0.31x | 0.28x | 0.16x | 0.21x | — |
| Equity ratio | 36.3% | 35.0% | 32.6% | 24.1% | — |
| Interest coverage | 3.43x | 8.89x | 9.53x | 8.09x | 107.43x |
| R&D as a share of sales | 1.6% | 1.9% | 1.4% | 1.0% | 1.3% |
| Buybacks as a share of market value | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.4% | 11.6% | — |
| Operating income | -2.4% | 6.8% | — |
| Net income | -22.2% | -8.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.2% | 7.7% | 18.7% | — |
| Net margin | 3.8% | 4.5% | 4.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 54.1 | 20.6 | 16.0 |
| Price to sales | 1.4 | 1.0 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jul 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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