T 
11.68
-0.85%
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¥19.18bn
FY2019FY2025
Net income
CN¥489.8m
FY2019FY2025
Free cash flow
CN¥1.11bn
FY2019FY2025
Shareholders' equity
CN¥5.89bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥19.18bn | CN¥14.76bn | CN¥13.60bn | CN¥11.55bn | CN¥11.72bn | CN¥8.75bn | CN¥8.20bn |
| Gross profit | CN¥4.62bn | CN¥3.75bn | CN¥3.36bn | CN¥2.27bn | CN¥1.87bn | CN¥1.08bn | CN¥609.8m |
| Research and development | CN¥889.8m | CN¥639.8m | CN¥579.6m | CN¥621.4m | CN¥619.6m | CN¥369.5m | CN¥260.1m |
| Operating income | CN¥293.9m | CN¥331.0m | CN¥161.5m | −CN¥763.9m | −CN¥5.75bn | −CN¥912.9m | −CN¥1.32bn |
| Net income | CN¥489.8m | CN¥483.8m | CN¥6.70bn | −CN¥2.14bn | −CN¥5.84bn | −CN¥3.93bn | −CN¥3.99bn |
| Diluted earnings per share | 0.60 | 0.58 | 7.85 | -14.82 | -40.52 | -27.25 | -27.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥15.74bn | CN¥12.80bn | CN¥11.76bn | CN¥9.01bn | CN¥9.83bn | CN¥9.03bn | CN¥7.18bn |
| Cash and short-term investments | CN¥6.73bn | CN¥4.45bn | CN¥4.30bn | CN¥3.23bn | CN¥1.79bn | CN¥1.86bn | CN¥3.76bn |
| Total liabilities | CN¥9.85bn | CN¥7.94bn | CN¥7.31bn | CN¥27.97bn | CN¥25.20bn | CN¥18.94bn | CN¥14.75bn |
| Debt | CN¥331.6m | CN¥311.9m | CN¥364.7m | CN¥22.07bn | CN¥19.30bn | CN¥14.30bn | CN¥134.4m |
| Shareholders' equity | CN¥5.89bn | CN¥4.86bn | CN¥4.46bn | −CN¥18.96bn | −CN¥15.37bn | −CN¥9.91bn | −CN¥7.57bn |
| Shares outstanding | 817m | 833m | 853m | 144m | 144m | 144m | 144m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.38bn | CN¥1.32bn | CN¥1.02bn | −CN¥312.7m | −CN¥98.8m | CN¥331.3m | −CN¥293.1m |
| Capital spending | −CN¥274.8m | −CN¥321.7m | −CN¥362.0m | −CN¥400.6m | −CN¥346.8m | −CN¥168.3m | −CN¥195.8m |
| Free cash flow | CN¥1.11bn | CN¥997.5m | CN¥659.3m | −CN¥713.4m | −CN¥445.6m | CN¥163.0m | −CN¥488.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.11bn | CN¥5.11bn | CN¥5.00bn | CN¥5.00bn | CN¥4.59bn | CN¥4.59bn | CN¥3.82bn | CN¥4.45bn |
| Gross profit | CN¥1.19bn | CN¥1.19bn | CN¥1.16bn | CN¥1.16bn | CN¥1.15bn | CN¥1.15bn | CN¥950.1m | CN¥1.11bn |
| Operating income | CN¥62.8m | CN¥62.8m | CN¥17.6m | CN¥17.6m | CN¥129.3m | CN¥129.3m | CN¥59.6m | CN¥69.4m |
| Net income | CN¥107.4m | CN¥107.4m | CN¥66.0m | CN¥66.0m | CN¥178.9m | CN¥178.9m | CN¥99.1m | CN¥115.5m |
| Diluted earnings per share | 0.13 | 0.13 | 0.08 | 0.08 | 0.22 | 0.22 | 0.12 | 0.14 |
| Cash from operations | CN¥27.0m | CN¥27.0m | CN¥430.0m | CN¥430.0m | CN¥150.0m | CN¥150.0m | CN¥300.0m | CN¥349.0m |
| Capital spending | −CN¥59.0m | −CN¥59.0m | −CN¥63.0m | −CN¥63.0m | −CN¥77.0m | −CN¥77.0m | −CN¥93.0m | −CN¥108.0m |
| Free cash flow | −CN¥32.0m | −CN¥32.0m | CN¥367.0m | CN¥367.0m | CN¥73.0m | CN¥73.0m | CN¥207.0m | CN¥241.0m |
| Total assets | — | — | CN¥15.73bn | CN¥15.73bn | CN¥14.69bn | CN¥14.69bn | CN¥12.80bn | CN¥14.91bn |
| Cash and short-term investments | — | — | CN¥5.46bn | CN¥5.56bn | CN¥5.12bn | CN¥5.12bn | CN¥4.45bn | CN¥5.30bn |
| Debt | — | — | CN¥331.6m | CN¥124.5m | CN¥301.5m | CN¥132.2m | CN¥311.9m | CN¥147.2m |
| Shareholders' equity | — | — | CN¥5.89bn | CN¥5.89bn | CN¥5.86bn | CN¥5.86bn | CN¥4.86bn | CN¥5.67bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.1% | 25.4% | 24.7% | 19.7% | 16.0% | 12.3% |
| Operating margin | 1.5% | 2.2% | 1.2% | -6.6% | -49.1% | -44.0% |
| Net margin | 2.6% | 3.3% | 49.3% | -18.5% | -49.8% | -44.9% |
| Return on equity | 8.3% | 9.9% | 150.3% | 11.3% | 38.0% | 39.6% |
| Return on assets | 3.1% | 3.8% | 57.0% | -23.7% | -59.4% | -43.5% |
| Free cash flow yield | 14.8% | 16.7% | 13.8% | 5.2% | 2.6% | 5.2% |
| Revenue growth | 11.5% | 8.5% | 17.8% | -1.5% | 33.9% | 24.3% |
| Earnings growth | -13.1% | -92.8% | -413.8% | -63.4% | 48.7% | 14.6% |
| Current ratio | 1.16x | 1.16x | 1.25x | 1.24x | 1.35x | 1.20x |
| Debt to equity | 0.02x | 0.03x | 0.03x | -1.16x | -1.24x | -1.42x |
| Equity ratio | 37.5% | 38.0% | 37.9% | -210.3% | -156.3% | -109.7% |
| Interest coverage | 21.65x | 21.08x | 8.58x | -27.41x | -99.28x | -76.25x |
| R&D as a share of sales | 4.6% | 4.3% | 4.3% | 5.4% | 5.3% | 4.2% |
| Buybacks as a share of market value | 1.9% | 2.4% | -492.0% | 82.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.4% | 17.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.7% | 23.7% | 21.3% | — |
| Operating margin | 1.8% | 0.0% | -8.3% | — |
| Net margin | 2.9% | 9.4% | -5.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 23.3 | 26.8 | 2.0 |
| Price to sales | 0.6 | 0.9 | 1.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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