M 
21.46
-0.56%
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¥16.99bn
FY2018FY2024
Net income
CN¥2.62bn
FY2018FY2024
Free cash flow
CN¥1.41bn
FY2018FY2024
Shareholders' equity
CN¥10.31bn
FY2018FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.99bn | CN¥7.63bn | CN¥11.47bn | CN¥10.09bn | CN¥9.07bn | CN¥8.98bn | CN¥9.39bn |
| Gross profit | CN¥7.64bn | CN¥3.24bn | CN¥4.44bn | CN¥3.07bn | CN¥2.43bn | CN¥2.73bn | CN¥2.51bn |
| Operating income | CN¥3.23bn | CN¥1.53bn | CN¥2.11bn | CN¥803.0m | CN¥404.1m | CN¥730.2m | CN¥1.02bn |
| Net income | CN¥2.62bn | CN¥1.25bn | CN¥1.77bn | CN¥638.2m | −CN¥1.42bn | −CN¥262.3m | −CN¥290.6m |
| Diluted earnings per share | 2.10 | 1.00 | 1.41 | 0.52 | -1.28 | -0.21 | -0.23 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥18.12bn | CN¥14.49bn | CN¥13.45bn | CN¥11.28bn | CN¥10.71bn | CN¥5.84bn | CN¥5.23bn |
| Cash and short-term investments | CN¥6.70bn | CN¥6.88bn | CN¥7.28bn | CN¥5.80bn | CN¥6.87bn | CN¥2.85bn | CN¥1.90bn |
| Total liabilities | CN¥7.81bn | CN¥5.32bn | CN¥4.55bn | CN¥4.25bn | CN¥4.05bn | CN¥6.17bn | CN¥5.35bn |
| Debt | CN¥3.11bn | CN¥1.25bn | CN¥892.9m | CN¥658.0m | CN¥825.0m | CN¥3.40bn | CN¥2.21bn |
| Shareholders' equity | CN¥10.31bn | CN¥9.17bn | CN¥8.90bn | CN¥7.03bn | CN¥6.66bn | −CN¥336.6m | −CN¥124.8m |
| Shares outstanding | 1,247m | 1,252m | 1,251m | 1,217m | 1,104m | 1,216m | 1,216m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.17bn | CN¥1.10bn | CN¥1.67bn | CN¥1.41bn | CN¥916.3m | CN¥826.5m | CN¥1.04bn |
| Capital spending | −CN¥762.5m | −CN¥264.8m | −CN¥174.1m | −CN¥290.1m | −CN¥180.3m | −CN¥57.0m | −CN¥116.1m |
| Free cash flow | CN¥1.41bn | CN¥832.8m | CN¥1.49bn | CN¥1.12bn | CN¥736.0m | CN¥769.5m | CN¥922.3m |
| Dividends paid | −CN¥1.24bn | −CN¥923.7m | −CN¥370.8m | −CN¥306.3m | — | — | — |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.80bn | CN¥4.97bn | CN¥4.43bn | CN¥4.71bn | CN¥4.52bn | CN¥4.04bn | CN¥3.72bn | CN¥3.84bn |
| Gross profit | CN¥2.59bn | CN¥2.20bn | CN¥1.96bn | CN¥2.22bn | CN¥2.03bn | CN¥1.77bn | CN¥1.62bn | CN¥1.66bn |
| Operating income | CN¥846.6m | CN¥852.6m | CN¥709.8m | CN¥972.2m | CN¥852.6m | CN¥753.0m | CN¥746.9m | CN¥769.9m |
| Net income | CN¥440.5m | CN¥489.7m | CN¥416.3m | CN¥805.7m | CN¥641.8m | CN¥587.6m | CN¥582.5m | CN¥635.8m |
| Diluted earnings per share | 0.36 | 0.40 | 0.34 | 0.65 | 0.52 | 0.47 | 0.47 | 0.51 |
| Total assets | CN¥28.67bn | CN¥26.65bn | CN¥26.19bn | CN¥18.12bn | CN¥16.13bn | CN¥15.71bn | CN¥14.91bn | CN¥14.49bn |
| Cash and short-term investments | CN¥7.76bn | CN¥7.46bn | CN¥7.25bn | CN¥6.70bn | CN¥5.67bn | CN¥6.87bn | CN¥7.26bn | CN¥6.88bn |
| Debt | CN¥7.93bn | CN¥7.77bn | CN¥7.84bn | CN¥1.91bn | CN¥1.61bn | CN¥1.49bn | CN¥866.2m | CN¥804.5m |
| Shareholders' equity | CN¥10.74bn | CN¥10.85bn | CN¥10.63bn | CN¥10.31bn | CN¥9.52bn | CN¥9.70bn | CN¥9.07bn | CN¥9.17bn |
Financial ratios
Data as of 19 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 45.0% | 44.9% | 42.5% | 38.7% | 30.4% | 26.8% |
| Operating margin | 14.7% | 19.5% | 22.0% | 19.4% | 8.7% | 4.4% |
| Net margin | 5.6% | 15.4% | 16.4% | 15.4% | 6.3% | -15.6% |
| Return on equity | 64.8% | 25.4% | 25.4% | 19.9% | 9.1% | -21.2% |
| Return on assets | 4.0% | 14.4% | 16.1% | 13.2% | 5.7% | -13.2% |
| Free cash flow yield | 7.5% | 14.1% | 7.0% | 8.7% | 12.4% | 5.2% |
| Revenue growth | 26.2% | 19.6% | 23.8% | 13.8% | 11.2% | 1.0% |
| Earnings growth | -54.0% | 12.6% | 31.4% | 177.2% | -145.1% | 439.5% |
| Current ratio | 0.55x | 2.04x | 2.34x | 2.55x | 2.13x | 2.64x |
| Debt to equity | 5.37x | 0.12x | 0.10x | 0.04x | 0.04x | 0.05x |
| Equity ratio | 6.1% | 56.9% | 63.3% | 66.2% | 62.3% | 62.2% |
| Interest coverage | 6.42x | 35.69x | 60.28x | 64.21x | 26.41x | 14.14x |
| R&D as a share of sales | 0.0% | — | — | — | — | — |
| Buybacks as a share of market value | 1.7% | 1.5% | 0.6% | 1.0% | -2.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.0% | 13.6% | — |
| Operating income | 59.0% | 34.6% | — |
| Net income | 60.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.2% | 39.8% | 36.7% | — |
| Operating margin | 19.3% | 16.6% | 13.7% | — |
| Net margin | 15.7% | 13.6% | 7.2% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Price to earnings | 19.5 | 34.9 | 12.8 |
| Price to sales | 3.0 | 5.7 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 17 Apr 2026.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 0.154 | 0.141 | 0.146 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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