S 
4.00
-1.23%
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¥7.93bn
FY2020FY2025
Net income
CN¥498.7m
FY2020FY2025
Free cash flow
−CN¥471.3m
FY2020FY2025
Shareholders' equity
CN¥4.44bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥7.93bn | CN¥5.75bn | CN¥4.87bn | CN¥4.53bn | CN¥3.60bn | CN¥2.33bn |
| Gross profit | CN¥1.58bn | CN¥1.02bn | CN¥618.7m | CN¥779.5m | CN¥537.5m | CN¥404.7m |
| Operating income | CN¥700.0m | CN¥393.4m | CN¥144.1m | −CN¥554.4m | CN¥89.6m | CN¥246.5m |
| Net income | CN¥498.7m | CN¥204.4m | −CN¥64.9m | −CN¥564.2m | −CN¥172.9m | CN¥14.0m |
| Diluted earnings per share | 0.47 | 0.19 | -0.07 | -0.53 | -0.16 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥6.14bn | CN¥5.37bn | CN¥5.51bn | CN¥3.06bn | CN¥2.38bn | CN¥1.14bn |
| Cash and short-term investments | CN¥510.6m | CN¥830.2m | CN¥1.67bn | CN¥120.4m | CN¥138.2m | CN¥44.1m |
| Total liabilities | CN¥1.70bn | CN¥1.23bn | CN¥1.57bn | CN¥3.17bn | CN¥2.17bn | CN¥853.1m |
| Debt | CN¥1.19bn | CN¥782.5m | CN¥1.19bn | CN¥2.80bn | CN¥1.94bn | CN¥654.0m |
| Shareholders' equity | CN¥4.44bn | CN¥4.14bn | CN¥3.94bn | −CN¥106.4m | CN¥218.6m | CN¥282.5m |
| Shares outstanding | 1,068m | 1,068m | 874m | 1,068m | 1,068m | 1,068m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥134.4m | CN¥692.9m | −CN¥28.7m | CN¥177.2m | −CN¥495.2m | CN¥90.2m |
| Capital spending | −CN¥336.9m | −CN¥216.9m | −CN¥257.5m | −CN¥354.4m | −CN¥357.4m | −CN¥177.7m |
| Free cash flow | −CN¥471.3m | CN¥476.0m | −CN¥286.3m | −CN¥177.2m | −CN¥852.6m | −CN¥87.4m |
| Dividends paid | −CN¥198.7m | −CN¥33.1m | — | −CN¥200.0m | — | −CN¥50.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.22bn | CN¥2.22bn | CN¥2.18bn | CN¥2.18bn | CN¥1.78bn | CN¥1.78bn | CN¥1.56bn | CN¥1.82bn |
| Gross profit | CN¥405.3m | CN¥405.3m | CN¥400.3m | CN¥400.3m | CN¥388.3m | CN¥388.3m | CN¥285.8m | CN¥332.8m |
| Operating income | CN¥139.3m | CN¥139.3m | CN¥169.4m | CN¥169.4m | CN¥180.6m | CN¥180.6m | CN¥126.2m | CN¥147.0m |
| Net income | CN¥91.6m | CN¥91.6m | CN¥181.7m | CN¥181.7m | CN¥67.7m | CN¥67.7m | CN¥39.3m | CN¥45.8m |
| Diluted earnings per share | 0.04 | 0.04 | 0.17 | 0.17 | 0.06 | 0.06 | 0.04 | 0.04 |
| Cash from operations | — | — | — | — | — | — | CN¥6.0m | CN¥6.0m |
| Capital spending | — | — | — | — | — | — | −CN¥74.0m | −CN¥74.0m |
| Free cash flow | — | — | — | — | — | — | −CN¥68.0m | −CN¥68.0m |
| Total assets | CN¥6.14bn | CN¥6.14bn | CN¥6.13bn | CN¥6.13bn | CN¥4.93bn | CN¥4.93bn | CN¥4.61bn | CN¥5.37bn |
| Cash and short-term investments | CN¥1.22bn | CN¥1.22bn | CN¥510.4m | CN¥540.7m | CN¥937.9m | CN¥937.9m | CN¥726.6m | CN¥846.1m |
| Debt | CN¥1.13bn | CN¥1.13bn | CN¥1.21bn | CN¥1.19bn | CN¥284.2m | CN¥264.4m | CN¥702.7m | CN¥782.5m |
| Shareholders' equity | CN¥4.12bn | CN¥4.12bn | CN¥4.43bn | CN¥4.43bn | CN¥4.07bn | CN¥4.07bn | CN¥3.55bn | CN¥4.14bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.9% | 17.7% | 12.7% | 17.2% | 14.9% | 17.4% |
| Operating margin | 8.8% | 6.8% | 3.0% | -12.2% | 2.5% | 10.6% |
| Net margin | 6.3% | 3.6% | -1.3% | -12.4% | -4.8% | 0.6% |
| Return on equity | 11.2% | 5.7% | -1.9% | 530.4% | -79.1% | 4.9% |
| Return on assets | 8.1% | 4.4% | -1.4% | -18.4% | -7.3% | 1.2% |
| Free cash flow yield | 4.0% | 20.8% | 6.4% | 12.1% | — | — |
| Revenue growth | 18.5% | 18.0% | 7.4% | 26.0% | 54.6% | — |
| Earnings growth | 109.6% | -415.1% | -88.5% | 226.4% | -1337.0% | — |
| Current ratio | 2.39x | 2.74x | 2.78x | 2.76x | 6.90x | 1.77x |
| Debt to equity | 0.27x | 0.19x | 0.30x | -26.17x | 8.83x | 2.29x |
| Equity ratio | 72.3% | 77.0% | 71.5% | -3.5% | 9.2% | 24.9% |
| Interest coverage | 54.41x | 17.58x | 12.74x | -141.83x | 8.88x | 12.20x |
| Buybacks as a share of market value | 0.0% | -22.2% | 18.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.5% | 27.8% | — |
| Operating income | — | 23.2% | — |
| Net income | — | 104.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.0% | 17.3% | 17.0% | — |
| Operating margin | 8.0% | 3.0% | 3.5% | — |
| Net margin | 5.1% | 0.3% | -0.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 13.7 | 29.4 | -312.4 |
| Price to sales | 0.9 | 1.1 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Jun 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.18 | 0.034 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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