Z 
7.93
+0.63%
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¥4.25bn
FY2020FY2025
Net income
CN¥627.1m
FY2020FY2025
Free cash flow
−CN¥530.7m
FY2020FY2025
Shareholders' equity
CN¥15.86bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥4.25bn | CN¥7.07bn | CN¥7.03bn | CN¥5.86bn | CN¥5.94bn | CN¥2.79bn |
| Operating income | CN¥879.1m | CN¥1.91bn | CN¥2.12bn | CN¥1.63bn | CN¥1.71bn | CN¥863.3m |
| Net income | CN¥627.1m | CN¥1.32bn | CN¥2.33bn | CN¥1.03bn | CN¥1.20bn | CN¥605.6m |
| Diluted earnings per share | 0.19 | 0.40 | 0.71 | 0.34 | 0.41 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥23.46bn | CN¥19.61bn | CN¥17.58bn | CN¥11.06bn | CN¥8.90bn | CN¥5.41bn |
| Cash and short-term investments | CN¥6.22bn | CN¥5.65bn | CN¥6.05bn | CN¥1.68bn | CN¥1.80bn | CN¥366.3m |
| Total liabilities | CN¥7.60bn | CN¥5.65bn | CN¥4.90bn | CN¥14.87bn | CN¥16.84bn | CN¥4.10bn |
| Debt | CN¥1.14bn | CN¥539.8m | CN¥75.7m | CN¥102.0m | CN¥966.0m | CN¥997.0m |
| Shareholders' equity | CN¥15.86bn | CN¥13.95bn | CN¥12.68bn | −CN¥3.82bn | −CN¥7.94bn | CN¥1.32bn |
| Shares outstanding | 3,308m | 3,310m | 3,276m | 3,018m | 2,944m | 2,944m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥9.9m | CN¥781.0m | CN¥361.2m | −CN¥710.6m | CN¥1.13bn | CN¥1.77bn |
| Capital spending | −CN¥520.8m | −CN¥1.08bn | −CN¥858.3m | −CN¥1.07bn | −CN¥740.4m | −CN¥235.1m |
| Free cash flow | −CN¥530.7m | −CN¥295.3m | −CN¥497.0m | −CN¥1.78bn | CN¥388.0m | CN¥1.54bn |
| Dividends paid | −CN¥739.8m | −CN¥692.8m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.92bn | CN¥1.34bn | CN¥2.91bn | CN¥2.93bn | CN¥1.71bn | CN¥4.13bn | CN¥2.41bn | CN¥3.51bn |
| Operating income | CN¥552.1m | −CN¥49.8m | CN¥928.8m | CN¥782.2m | CN¥455.4m | CN¥1.13bn | CN¥655.0m | CN¥1.08bn |
| Net income | CN¥666.9m | −CN¥42.3m | CN¥669.3m | CN¥571.9m | CN¥333.0m | CN¥751.7m | CN¥437.7m | CN¥742.2m |
| Diluted earnings per share | 0.20 | -0.01 | 0.20 | 0.17 | 0.10 | 0.23 | 0.13 | 0.23 |
| Cash from operations | — | CN¥189.0m | −CN¥375.0m | CN¥206.0m | — | CN¥574.0m | CN¥334.0m | CN¥145.0m |
| Capital spending | — | −CN¥241.0m | −CN¥278.0m | −CN¥413.0m | — | −CN¥512.0m | −CN¥298.0m | −CN¥397.0m |
| Free cash flow | — | −CN¥52.0m | −CN¥653.0m | −CN¥207.0m | — | CN¥62.0m | CN¥36.0m | −CN¥252.0m |
| Total assets | CN¥23.67bn | CN¥23.46bn | CN¥22.32bn | CN¥19.61bn | CN¥22.83bn | CN¥18.06bn | CN¥21.03bn | CN¥17.58bn |
| Cash and short-term investments | CN¥6.02bn | CN¥6.22bn | CN¥6.16bn | CN¥5.65bn | CN¥7.22bn | CN¥6.11bn | CN¥7.12bn | CN¥6.05bn |
| Debt | CN¥1.37bn | CN¥1.14bn | CN¥776.2m | CN¥539.8m | CN¥606.3m | CN¥319.9m | CN¥350.0m | CN¥75.7m |
| Shareholders' equity | CN¥16.06bn | CN¥15.86bn | CN¥16.16bn | CN¥13.95bn | CN¥16.25bn | CN¥13.19bn | CN¥15.36bn | CN¥12.68bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 20.7% | 27.0% | 30.1% | 27.9% | 28.7% | 30.8% |
| Net margin | 14.8% | 18.7% | 33.1% | 17.6% | 20.2% | 21.7% |
| Return on equity | 4.0% | 9.5% | 18.4% | -27.0% | -15.1% | 46.0% |
| Return on assets | 2.7% | 6.8% | 13.2% | 9.3% | 13.5% | 11.2% |
| Free cash flow yield | 1.7% | 7.1% | 4.7% | 1.5% | 6.9% | — |
| Revenue growth | -48.3% | 0.5% | 20.1% | 14.8% | 112.7% | — |
| Earnings growth | -59.3% | -43.1% | 126.0% | -0.2% | 98.5% | — |
| Current ratio | 2.44x | 2.58x | 2.65x | 1.58x | 0.97x | 1.11x |
| Debt to equity | 0.07x | 0.04x | 0.00x | -0.02x | -0.14x | 0.81x |
| Equity ratio | 67.6% | 71.2% | 72.1% | -34.5% | -89.1% | 24.3% |
| Interest coverage | 22.85x | 148.04x | 479.29x | 55.42x | 40.27x | 18.62x |
| Buybacks as a share of market value | 0.1% | -1.0% | -8.6% | -2.5% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.1% | 8.8% | — |
| Operating income | -18.6% | 0.4% | — |
| Net income | -15.2% | 0.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 24.6% | 27.0% | 27.6% | — |
| Net margin | 17.2% | 21.9% | 21.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 39.7 | 14.7 | 12.0 |
| Price to sales | 5.8 | 2.8 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 13 May 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.21 | 0.18 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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