A 
4.20
-4.55%
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¥2.64bn
FY2020FY2025
Net income
CN¥18.4m
FY2020FY2025
Free cash flow
CN¥117.5m
FY2020FY2025
Shareholders' equity
CN¥1.72bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥2.64bn | CN¥2.47bn | CN¥2.80bn | CN¥4.13bn | CN¥2.87bn | CN¥2.33bn |
| Gross profit | CN¥1.14bn | CN¥930.9m | CN¥1.20bn | CN¥1.61bn | CN¥1.22bn | CN¥948.1m |
| Research and development | CN¥103.7m | CN¥101.9m | CN¥121.9m | CN¥138.2m | CN¥106.5m | — |
| Operating income | CN¥100.5m | CN¥122.5m | CN¥369.9m | CN¥762.2m | CN¥368.1m | CN¥320.8m |
| Net income | CN¥18.4m | CN¥39.9m | CN¥199.4m | CN¥578.1m | CN¥267.9m | CN¥241.2m |
| Diluted earnings per share | 0.03 | 0.06 | 0.27 | 0.81 | 0.37 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥4.80bn | CN¥4.69bn | CN¥4.55bn | CN¥4.85bn | CN¥2.64bn | CN¥2.31bn |
| Cash and short-term investments | — | CN¥1.04bn | CN¥1.01bn | CN¥1.68bn | CN¥941.8m | CN¥1.04bn |
| Total liabilities | CN¥2.95bn | CN¥3.04bn | CN¥2.85bn | CN¥4.34bn | CN¥1.96bn | CN¥1.44bn |
| Debt | CN¥704.7m | CN¥962.5m | CN¥944.8m | CN¥1.79bn | CN¥729.3m | CN¥572.2m |
| Shareholders' equity | CN¥1.72bn | CN¥1.65bn | CN¥1.71bn | CN¥510.8m | CN¥682.9m | CN¥869.8m |
| Shares outstanding | 718m | 714m | 727m | 715m | 715m | 715m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | CN¥225.7m | CN¥230.4m | −CN¥1.36bn | CN¥892.9m | CN¥479.1m | CN¥409.3m |
| Capital spending | −CN¥108.2m | −CN¥117.6m | −CN¥165.4m | −CN¥297.4m | −CN¥132.6m | −CN¥90.6m |
| Free cash flow | CN¥117.5m | CN¥112.9m | −CN¥1.53bn | CN¥595.6m | CN¥346.6m | CN¥318.7m |
| Dividends paid | — | — | — | −CN¥865.0m | −CN¥384.3m | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.37bn | CN¥1.27bn | CN¥1.23bn | CN¥1.24bn | CN¥1.40bn | CN¥1.40bn | CN¥2.05bn | CN¥2.08bn |
| Gross profit | CN¥498.0m | CN¥454.5m | CN¥457.6m | CN¥475.3m | CN¥608.9m | CN¥608.8m | CN¥770.2m | CN¥839.8m |
| Operating income | CN¥33.0m | CN¥67.5m | −CN¥14.3m | CN¥136.8m | CN¥202.2m | CN¥167.8m | CN¥383.6m | CN¥378.6m |
| Net income | −CN¥8.8m | CN¥27.3m | −CN¥46.3m | CN¥86.3m | CN¥104.5m | CN¥94.9m | CN¥255.0m | CN¥323.0m |
| Diluted earnings per share | -0.01 | 0.04 | -0.06 | 0.12 | 0.14 | 0.13 | 0.36 | 0.45 |
| Cash from operations | — | −CN¥164.0m | CN¥195.0m | −CN¥138.0m | −CN¥1.16bn | CN¥4.0m | CN¥758.0m | −CN¥4.0m |
| Capital spending | — | −CN¥57.0m | −CN¥99.0m | −CN¥45.0m | −CN¥140.0m | −CN¥64.0m | −CN¥252.0m | −CN¥91.0m |
| Free cash flow | — | −CN¥221.0m | CN¥96.0m | −CN¥183.0m | −CN¥1.30bn | −CN¥60.0m | CN¥506.0m | −CN¥95.0m |
| Total assets | CN¥4.80bn | CN¥4.51bn | CN¥3.98bn | CN¥3.96bn | CN¥3.87bn | CN¥4.04bn | — | — |
| Cash and short-term investments | CN¥1.11bn | CN¥751.1m | CN¥886.3m | CN¥652.1m | CN¥857.8m | CN¥1.44bn | — | — |
| Debt | CN¥828.0m | CN¥846.4m | CN¥817.2m | CN¥978.8m | CN¥802.2m | CN¥1.04bn | — | — |
| Shareholders' equity | CN¥1.72bn | CN¥1.64bn | CN¥1.40bn | CN¥1.52bn | CN¥1.45bn | CN¥1.16bn | — | — |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 43.1% | 37.6% | 43.0% | 39.0% | 42.7% | 40.7% |
| Operating margin | 3.8% | 5.0% | 13.2% | 18.2% | 12.8% | 13.8% |
| Net margin | 0.7% | 1.6% | 7.1% | 14.0% | 9.3% | 10.4% |
| Return on equity | 1.1% | 2.9% | 13.8% | 133.3% | 39.2% | 27.7% |
| Return on assets | 0.4% | 1.0% | 5.2% | 14.0% | 10.1% | 10.4% |
| Free cash flow yield | 7.1% | 7.3% | -42.2% | — | — | — |
| Revenue growth | -9.5% | -11.6% | -32.2% | 43.8% | 23.3% | — |
| Earnings growth | -60.8% | -80.0% | -65.5% | 115.8% | 11.1% | — |
| Current ratio | 1.44x | 1.58x | 1.88x | 1.61x | 1.83x | 2.31x |
| Debt to equity | 0.41x | 0.51x | 0.46x | 3.16x | 0.89x | 0.53x |
| Equity ratio | 35.8% | 35.2% | 37.5% | 10.5% | 25.9% | 37.6% |
| Interest coverage | 2.07x | 5.38x | 61.81x | 88.80x | 69.49x | 72.77x |
| R&D as a share of sales | 3.9% | 4.1% | 4.4% | 3.3% | 3.7% | — |
| Buybacks as a share of market value | -0.5% | 1.8% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.9% | 2.5% | — |
| Operating income | -49.1% | -20.7% | — |
| Net income | -68.3% | -40.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.5% | 40.5% | 40.9% | — |
| Operating margin | 4.4% | 11.3% | 11.9% | — |
| Net margin | 1.1% | 6.9% | 7.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 143.3 | 141.2 | 41.2 |
| Price to sales | 1.0 | 2.3 | 2.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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