G 
22.08
+4.05%
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¥13.31bn
FY2016FY2025
Net income
CN¥1.11bn
FY2016FY2025
Free cash flow
−CN¥1.55bn
FY2016FY2025
Shareholders' equity
CN¥31.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.31bn | CN¥12.02bn | CN¥11.59bn | CN¥10.86bn | CN¥9.10bn | CN¥6.68bn | CN¥4.80bn | CN¥3.25bn | CN¥1.88bn | CN¥1.23bn |
| Gross profit | CN¥3.01bn | CN¥2.59bn | CN¥2.24bn | CN¥2.25bn | CN¥2.07bn | CN¥1.81bn | CN¥1.21bn | CN¥724.8m | CN¥475.6m | CN¥309.3m |
| Research and development | CN¥38.1m | CN¥42.3m | CN¥44.4m | CN¥41.7m | CN¥45.8m | CN¥46.6m | CN¥25.2m | CN¥16.2m | CN¥8.5m | CN¥10.6m |
| Operating income | CN¥1.79bn | CN¥1.34bn | −CN¥2.75bn | CN¥642.5m | CN¥663.1m | CN¥783.6m | CN¥558.6m | CN¥196.0m | CN¥95.7m | −CN¥49.3m |
| Net income | CN¥1.11bn | CN¥3.85bn | −CN¥5.00bn | −CN¥1.48bn | −CN¥1.38bn | −CN¥779.2m | −CN¥514.7m | −CN¥501.0m | −CN¥380.6m | −CN¥321.8m |
| Diluted earnings per share | 0.71 | 2.59 | -3.40 | -1.01 | -0.95 | -0.56 | -0.45 | -0.50 | -0.45 | -0.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥93.21bn | CN¥85.75bn | CN¥86.68bn | CN¥87.11bn | CN¥83.41bn | CN¥66.67bn | CN¥36.67bn | CN¥24.32bn | CN¥15.31bn | CN¥9.55bn |
| Cash and short-term investments | CN¥17.43bn | CN¥9.16bn | CN¥8.98bn | CN¥10.02bn | CN¥11.61bn | CN¥18.93bn | CN¥6.77bn | CN¥2.52bn | CN¥2.18bn | CN¥2.11bn |
| Total liabilities | CN¥60.89bn | CN¥58.20bn | CN¥63.25bn | CN¥58.95bn | CN¥54.84bn | CN¥36.90bn | CN¥24.68bn | CN¥17.89bn | CN¥10.09bn | CN¥6.07bn |
| Debt | CN¥45.72bn | CN¥43.06bn | CN¥42.55bn | CN¥42.89bn | CN¥35.76bn | CN¥23.00bn | CN¥16.19bn | CN¥12.79bn | CN¥6.65bn | CN¥4.29bn |
| Shareholders' equity | CN¥31.27bn | CN¥27.41bn | CN¥23.24bn | CN¥28.02bn | CN¥28.50bn | CN¥29.77bn | CN¥11.99bn | CN¥6.43bn | CN¥5.21bn | CN¥3.48bn |
| Shares outstanding | 1,554m | 1,484m | 1,470m | 1,467m | 1,460m | 1,383m | 1,143m | 1,000m | 855m | 540m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.92bn | CN¥2.26bn | CN¥2.40bn | CN¥3.33bn | CN¥1.40bn | CN¥373.6m | CN¥341.7m | −CN¥15.0m | −CN¥203.3m | −CN¥174.9m |
| Capital spending | −CN¥5.46bn | −CN¥3.79bn | −CN¥7.28bn | −CN¥9.09bn | −CN¥11.29bn | −CN¥9.34bn | −CN¥5.30bn | −CN¥4.96bn | −CN¥2.05bn | −CN¥1.15bn |
| Free cash flow | −CN¥1.55bn | −CN¥1.53bn | −CN¥4.88bn | −CN¥5.76bn | −CN¥9.89bn | −CN¥8.97bn | −CN¥4.96bn | −CN¥4.97bn | −CN¥2.25bn | −CN¥1.32bn |
| Dividends paid | −CN¥63.0m | −CN¥63.1m | −CN¥62.8m | −CN¥60.1m | −CN¥57.3m | −CN¥76.3m | −CN¥29.1m | −CN¥29.1m | −CN¥29.1m | −CN¥89.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.59bn | CN¥3.92bn | CN¥3.35bn | CN¥3.36bn | CN¥3.38bn | CN¥3.17bn | CN¥3.13bn | CN¥3.45bn |
| Gross profit | CN¥698.5m | CN¥1.32bn | CN¥636.5m | CN¥744.3m | CN¥802.2m | CN¥750.8m | CN¥673.1m | CN¥764.9m |
| Operating income | CN¥509.9m | CN¥1.06bn | CN¥417.1m | CN¥859.2m | CN¥482.7m | CN¥939.3m | CN¥327.9m | CN¥372.9m |
| Net income | CN¥969.8m | CN¥3.08bn | −CN¥536.3m | CN¥845.3m | −CN¥84.2m | CN¥888.4m | CN¥4.88bn | −CN¥224.0m |
| Diluted earnings per share | 0.47 | 1.49 | -0.35 | 0.54 | -0.05 | 0.57 | 3.29 | -0.15 |
| Cash from operations | CN¥1.64bn | CN¥521.0m | CN¥1.12bn | CN¥857.0m | CN¥1.01bn | CN¥908.0m | CN¥1.08bn | CN¥746.0m |
| Capital spending | −CN¥1.45bn | −CN¥896.0m | −CN¥1.04bn | −CN¥1.66bn | −CN¥1.47bn | −CN¥1.18bn | −CN¥444.0m | −CN¥917.0m |
| Free cash flow | CN¥189.0m | −CN¥375.0m | CN¥75.0m | −CN¥798.0m | −CN¥465.0m | −CN¥267.0m | CN¥638.0m | −CN¥171.0m |
| Total assets | CN¥99.93bn | CN¥97.60bn | CN¥93.21bn | CN¥91.53bn | CN¥92.22bn | CN¥85.53bn | CN¥85.75bn | CN¥95.88bn |
| Cash and short-term investments | CN¥17.39bn | CN¥17.19bn | CN¥16.67bn | CN¥15.65bn | CN¥15.28bn | CN¥8.82bn | CN¥9.16bn | CN¥10.95bn |
| Debt | CN¥10.84bn | CN¥46.95bn | CN¥45.72bn | CN¥44.93bn | CN¥45.73bn | CN¥40.97bn | CN¥41.43bn | CN¥48.59bn |
| Shareholders' equity | CN¥37.67bn | CN¥36.59bn | CN¥31.27bn | CN¥31.05bn | CN¥29.66bn | CN¥28.31bn | CN¥27.41bn | CN¥22.91bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.6% | 21.5% | 19.3% | 20.8% | 22.8% | 27.0% |
| Operating margin | 13.2% | 11.2% | -24.7% | 5.9% | 7.3% | 11.7% |
| Net margin | 8.3% | 33.2% | -43.1% | -13.6% | -15.2% | -11.7% |
| Return on equity | 3.5% | 14.6% | -21.5% | -5.3% | -4.9% | -2.5% |
| Return on assets | 1.2% | 4.7% | -5.8% | -1.7% | -1.7% | -1.2% |
| Free cash flow yield | 16.5% | 10.9% | 18.6% | 23.9% | 24.6% | 19.9% |
| Revenue growth | 10.8% | 3.7% | 6.8% | 19.3% | 36.2% | 39.2% |
| Earnings growth | -72.3% | -179.8% | 238.8% | 6.3% | 78.0% | 51.4% |
| Current ratio | 2.60x | 1.28x | 1.32x | 1.13x | 1.07x | 2.40x |
| Debt to equity | 1.49x | 1.51x | 1.76x | 1.42x | 1.10x | 0.51x |
| Equity ratio | 33.6% | 32.0% | 26.8% | 32.2% | 34.2% | 46.6% |
| Interest coverage | 0.84x | 0.60x | -1.21x | 0.29x | 0.34x | 0.51x |
| R&D as a share of sales | 0.3% | 0.4% | 0.4% | 0.4% | 0.5% | 0.7% |
| Buybacks as a share of market value | -4.7% | -1.0% | -0.2% | -0.5% | -5.5% | -21.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.0% | 14.8% | 32.2% |
| Operating income | 40.7% | 18.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.1% | 21.1% | 22.0% | 22.4% |
| Operating margin | 12.4% | 2.1% | 3.9% | 4.3% |
| Net margin | 19.6% | -3.2% | -5.8% | -7.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 41.0 | 7.7 | -2.3 | -17.6 | -41.4 | -138.9 |
| Price to sales | 3.4 | 2.5 | 1.0 | 2.4 | 6.3 | 16.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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