H 
6.50
-2.99%
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¥60.92bn
FY2018FY2025
Net income
CN¥349.8m
FY2018FY2025
Free cash flow
CN¥2.05bn
FY2018FY2025
Shareholders' equity
CN¥9.35bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥60.92bn | CN¥60.06bn | CN¥82.43bn | CN¥95.64bn | CN¥76.61bn | CN¥57.81bn | CN¥50.83bn | CN¥34.71bn |
| Gross profit | CN¥2.72bn | CN¥2.31bn | CN¥2.74bn | CN¥3.01bn | CN¥2.18bn | CN¥1.57bn | CN¥1.49bn | CN¥1.17bn |
| Research and development | CN¥69.7m | CN¥67.1m | CN¥93.5m | CN¥131.9m | CN¥91.5m | CN¥67.9m | CN¥57.4m | CN¥40.4m |
| Operating income | CN¥806.1m | CN¥597.9m | CN¥794.0m | CN¥832.5m | CN¥744.0m | CN¥473.8m | CN¥389.3m | CN¥241.2m |
| Net income | CN¥349.8m | CN¥269.7m | CN¥448.3m | CN¥368.5m | −CN¥407.6m | −CN¥472.1m | −CN¥355.1m | −CN¥344.5m |
| Diluted earnings per share | 0.63 | 0.49 | 0.80 | 0.65 | -0.73 | -0.84 | -0.63 | -0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥35.55bn | CN¥33.19bn | CN¥33.91bn | CN¥34.23bn | CN¥29.82bn | CN¥25.27bn | CN¥22.30bn | CN¥18.08bn |
| Cash and short-term investments | CN¥14.36bn | CN¥8.23bn | CN¥8.19bn | CN¥9.62bn | CN¥6.61bn | CN¥6.46bn | CN¥5.56bn | CN¥4.50bn |
| Total liabilities | CN¥23.87bn | CN¥21.99bn | CN¥22.85bn | CN¥23.04bn | CN¥31.82bn | CN¥27.65bn | CN¥23.99bn | CN¥19.57bn |
| Debt | CN¥18.77bn | CN¥1.40bn | CN¥701.8m | CN¥816.6m | CN¥254.3m | CN¥389.4m | CN¥716.1m | CN¥489.2m |
| Shareholders' equity | CN¥9.35bn | CN¥9.07bn | CN¥9.05bn | CN¥9.44bn | −CN¥3.58bn | −CN¥3.84bn | −CN¥2.98bn | −CN¥2.46bn |
| Shares outstanding | 554m | 554m | 561m | 563m | 560m | 560m | 560m | 560m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.07bn | CN¥275.3m | CN¥548.4m | CN¥318.4m | CN¥1.60bn | CN¥550.1m | CN¥715.2m | −CN¥628.6m |
| Capital spending | −CN¥25.2m | −CN¥27.9m | −CN¥38.4m | −CN¥64.0m | −CN¥31.6m | −CN¥32.1m | −CN¥28.2m | −CN¥25.7m |
| Free cash flow | CN¥2.05bn | CN¥247.4m | CN¥510.0m | CN¥254.4m | CN¥1.57bn | CN¥518.0m | CN¥686.9m | −CN¥654.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥27.09bn | CN¥32.56bn | CN¥28.36bn | CN¥27.20bn | CN¥15.84bn | CN¥32.86bn | CN¥19.14bn | CN¥39.06bn |
| Gross profit | CN¥1.39bn | CN¥1.40bn | CN¥1.32bn | CN¥1.17bn | CN¥679.5m | CN¥1.14bn | CN¥665.3m | CN¥1.45bn |
| Operating income | CN¥459.5m | CN¥391.3m | CN¥414.8m | CN¥290.6m | CN¥169.3m | CN¥307.3m | CN¥179.0m | CN¥327.3m |
| Net income | CN¥175.9m | CN¥188.3m | CN¥161.5m | CN¥144.7m | CN¥84.2m | CN¥125.1m | CN¥72.9m | CN¥203.1m |
| Diluted earnings per share | 0.32 | 0.34 | 0.29 | 0.26 | 0.15 | 0.23 | 0.13 | 0.36 |
| Cash from operations | — | CN¥1.75bn | CN¥480.0m | CN¥26.0m | CN¥15.0m | CN¥248.0m | CN¥145.0m | −CN¥150.0m |
| Capital spending | — | −CN¥1.75bn | — | −CN¥27.0m | — | — | — | −CN¥38.0m |
| Free cash flow | — | CN¥0 | — | −CN¥1.0m | — | — | — | −CN¥188.0m |
| Total assets | CN¥37.94bn | CN¥35.55bn | CN¥36.17bn | CN¥28.49bn | CN¥33.19bn | CN¥30.34bn | CN¥35.34bn | CN¥29.11bn |
| Cash and short-term investments | CN¥14.02bn | CN¥14.36bn | CN¥9.25bn | CN¥7.07bn | CN¥8.23bn | CN¥7.98bn | CN¥9.30bn | CN¥7.03bn |
| Debt | CN¥18.84bn | CN¥18.77bn | CN¥1.82bn | CN¥1.40bn | CN¥1.36bn | CN¥1.73bn | CN¥1.72bn | CN¥701.8m |
| Shareholders' equity | CN¥9.28bn | CN¥9.35bn | CN¥9.24bn | CN¥7.79bn | CN¥9.07bn | CN¥7.64bn | CN¥8.90bn | CN¥7.77bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.5% | 3.8% | 3.3% | 3.2% | 2.8% | 2.7% |
| Operating margin | 1.2% | 0.9% | 1.3% | 0.6% | 0.8% | 1.0% |
| Net margin | 0.6% | 0.4% | 0.5% | 0.4% | -0.5% | -0.8% |
| Return on equity | 3.7% | 3.5% | 5.8% | 3.9% | 11.4% | 12.3% |
| Return on assets | 1.0% | 0.9% | 1.5% | 1.1% | -1.4% | -1.9% |
| Free cash flow yield | 47.9% | 8.1% | 13.2% | 8.6% | 36.8% | 13.1% |
| Revenue growth | -12.9% | -27.1% | 0.4% | 24.9% | 32.5% | 13.7% |
| Earnings growth | 11.3% | -39.8% | 41.7% | -190.4% | -13.7% | 33.0% |
| Current ratio | 1.34x | 1.38x | 1.42x | 1.39x | 0.86x | 0.86x |
| Debt to equity | 2.00x | 0.17x | 0.09x | 0.09x | -0.06x | -0.09x |
| Equity ratio | 26.3% | 27.3% | 26.7% | 27.6% | -12.0% | -15.2% |
| Interest coverage | 3.42x | 2.28x | 4.07x | 1.63x | 0.57x | 0.72x |
| R&D as a share of sales | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | 1.2% | 0.4% | -0.5% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.0% | 1.2% | — |
| Operating income | -1.1% | 11.2% | — |
| Net income | -1.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.2% | 3.6% | 3.4% | — |
| Operating margin | 1.2% | 1.0% | 1.0% | — |
| Net margin | 0.5% | 0.5% | 0.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 13.7 | 32.6 | 33.0 | 53.5 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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