N 
44.78
-0.97%
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¥61.23bn
FY2017FY2025
Net income
CN¥18.49bn
FY2017FY2025
Free cash flow
CN¥16.39bn
FY2017FY2025
Shareholders' equity
CN¥46.01bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥61.23bn | CN¥42.90bn | CN¥42.67bn | CN¥38.73bn | CN¥34.60bn | CN¥22.88bn | CN¥24.02bn | CN¥20.48bn | CN¥17.49bn |
| Gross profit | CN¥37.06bn | CN¥24.92bn | CN¥25.41bn | CN¥22.25bn | CN¥20.57bn | CN¥13.51bn | CN¥13.31bn | CN¥10.92bn | CN¥9.81bn |
| Research and development | CN¥361.9m | CN¥306.4m | CN¥385.8m | CN¥322.9m | CN¥145.5m | CN¥133.6m | CN¥115.1m | CN¥107.0m | CN¥47.0m |
| Operating income | CN¥22.42bn | CN¥14.69bn | CN¥14.59bn | CN¥10.68bn | CN¥9.96bn | CN¥6.54bn | CN¥6.11bn | CN¥5.15bn | CN¥4.45bn |
| Net income | CN¥18.49bn | CN¥12.12bn | CN¥12.08bn | CN¥9.90bn | CN¥8.34bn | CN¥5.28bn | CN¥4.95bn | CN¥3.61bn | CN¥3.38bn |
| Diluted earnings per share | 1.64 | 1.08 | 1.07 | 0.88 | 0.74 | 0.48 | 0.46 | 0.32 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥75.96bn | CN¥61.94bn | CN¥57.25bn | CN¥45.74bn | CN¥38.33bn | CN¥25.86bn | CN¥17.80bn | CN¥20.95bn | CN¥16.62bn |
| Cash and short-term investments | CN¥21.84bn | CN¥14.27bn | CN¥28.23bn | CN¥17.82bn | CN¥17.46bn | CN¥9.12bn | CN¥1.28bn | CN¥5.54bn | CN¥4.60bn |
| Total liabilities | CN¥29.96bn | CN¥24.32bn | CN¥23.96bn | CN¥17.68bn | CN¥14.16bn | CN¥10.37bn | CN¥7.91bn | CN¥6.53bn | CN¥5.46bn |
| Debt | CN¥5.23bn | CN¥3.75bn | CN¥3.21bn | CN¥2.52bn | CN¥2.59bn | CN¥2.47bn | CN¥1.04bn | CN¥45.7m | CN¥102.5m |
| Shareholders' equity | CN¥46.01bn | CN¥37.62bn | CN¥33.29bn | CN¥28.06bn | CN¥24.17bn | CN¥15.49bn | CN¥9.88bn | CN¥14.37bn | CN¥11.13bn |
| Shares outstanding | 11,251m | 11,246m | 11,248m | 11,246m | 11,246m | 11,074m | 10,800m | 11,188m | 11,188m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥24.00bn | CN¥11.02bn | CN¥20.16bn | CN¥14.03bn | CN¥13.28bn | CN¥8.43bn | CN¥7.47bn | CN¥4.63bn | CN¥4.70bn |
| Capital spending | −CN¥7.60bn | −CN¥6.41bn | −CN¥5.67bn | −CN¥5.07bn | −CN¥2.90bn | −CN¥2.28bn | −CN¥3.31bn | −CN¥3.45bn | −CN¥2.37bn |
| Free cash flow | CN¥16.39bn | CN¥4.62bn | CN¥14.50bn | CN¥8.96bn | CN¥10.38bn | CN¥6.15bn | CN¥4.16bn | CN¥1.18bn | CN¥2.33bn |
| Dividends paid | −CN¥9.70bn | −CN¥8.43bn | −CN¥8.91bn | −CN¥5.89bn | −CN¥2.23bn | −CN¥7.98bn | −CN¥9.60bn | −CN¥462.2m | −CN¥367.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥34.15bn | CN¥31.38bn | CN¥29.85bn | CN¥20.72bn | CN¥22.17bn | CN¥22.20bn | CN¥23.84bn | CN¥19.39bn |
| Gross profit | CN¥20.78bn | CN¥19.05bn | CN¥18.01bn | CN¥11.88bn | CN¥13.03bn | CN¥13.10bn | CN¥14.34bn | CN¥10.79bn |
| Operating income | CN¥12.79bn | CN¥11.63bn | CN¥10.79bn | CN¥6.47bn | CN¥7.01bn | CN¥7.08bn | CN¥7.76bn | CN¥4.77bn |
| Net income | CN¥10.21bn | CN¥9.61bn | CN¥8.88bn | CN¥5.88bn | CN¥6.24bn | CN¥6.30bn | CN¥6.73bn | CN¥4.53bn |
| Diluted earnings per share | 0.91 | 0.85 | 0.79 | 0.52 | 0.55 | 0.56 | 0.60 | 0.40 |
| Cash from operations | — | CN¥12.52bn | CN¥12.12bn | CN¥5.49bn | CN¥5.54bn | CN¥10.85bn | CN¥9.31bn | CN¥7.07bn |
| Capital spending | — | −CN¥3.77bn | −CN¥3.73bn | −CN¥3.62bn | −CN¥2.78bn | −CN¥3.45bn | −CN¥2.04bn | −CN¥2.69bn |
| Free cash flow | — | CN¥8.75bn | CN¥8.40bn | CN¥1.86bn | CN¥2.75bn | CN¥7.40bn | CN¥7.27bn | CN¥4.38bn |
| Total assets | CN¥89.20bn | CN¥75.96bn | CN¥75.03bn | CN¥53.16bn | CN¥56.07bn | CN¥49.14bn | CN¥57.21bn | CN¥45.74bn |
| Cash and short-term investments | CN¥37.51bn | CN¥21.84bn | CN¥22.30bn | CN¥12.25bn | CN¥19.03bn | CN¥24.13bn | CN¥28.72bn | CN¥17.72bn |
| Debt | CN¥6.12bn | CN¥5.23bn | CN¥5.30bn | CN¥3.75bn | CN¥3.95bn | CN¥3.21bn | CN¥4.66bn | CN¥2.94bn |
| Shareholders' equity | CN¥43.30bn | CN¥46.01bn | CN¥36.55bn | CN¥32.29bn | CN¥26.40bn | CN¥28.57bn | CN¥25.93bn | CN¥28.06bn |
Financial ratios
Data as of 1 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 60.5% | 58.1% | 59.5% | 57.4% | 59.5% | 59.0% |
| Operating margin | 36.6% | 34.3% | 34.2% | 27.6% | 28.8% | 28.6% |
| Net margin | 30.2% | 28.3% | 28.3% | 25.6% | 24.1% | 23.1% |
| Return on equity | 40.2% | 37.5% | 42.3% | 35.3% | 34.5% | 34.1% |
| Return on assets | 24.3% | 22.8% | 24.6% | 21.6% | 21.8% | 20.4% |
| Free cash flow yield | 5.8% | 3.7% | 4.7% | 3.5% | 3.0% | 2.3% |
| Revenue growth | 22.5% | 0.5% | 28.4% | 11.9% | 29.8% | -4.8% |
| Earnings growth | 30.9% | 0.4% | 42.2% | 18.6% | 35.7% | 6.6% |
| Current ratio | 1.07x | 0.95x | 1.43x | 1.26x | 1.54x | 1.24x |
| Debt to equity | 0.11x | 0.11x | 0.11x | 0.10x | 0.12x | 0.16x |
| Equity ratio | 60.6% | 60.7% | 58.1% | 61.4% | 63.1% | 59.9% |
| Interest coverage | 287.67x | 160.62x | 146.29x | 120.51x | 161.44x | 82.82x |
| R&D as a share of sales | 0.6% | 0.7% | 0.9% | 0.8% | 0.4% | 0.6% |
| Buybacks as a share of market value | -0.0% | 0.0% | -0.0% | 0.0% | -1.6% | -2.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.3% | 22.0% | — |
| Operating income | 28.1% | 27.9% | — |
| Net income | 23.2% | 28.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.5% | 59.1% | 59.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 25.6 | 29.6 | 38.2 | 44.8 | 56.7 | 97.0 |
| Price to sales | 7.7 | 8.2 | 10.6 | 11.3 | 13.6 | 22.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 21 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.981 | 0.82 | 0.82 | 0.77 | 0.53 | 0.204 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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