N 
97.45
+0.05%
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¥9.04bn
FY2018FY2025
Net income
CN¥3.20bn
FY2018FY2025
Free cash flow
CN¥1.87bn
FY2018FY2025
Shareholders' equity
CN¥15.00bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.04bn | CN¥7.95bn | CN¥7.87bn | CN¥10.47bn | CN¥8.15bn | CN¥5.70bn | CN¥3.02bn | CN¥1.52bn |
| Gross profit | CN¥3.23bn | CN¥2.68bn | CN¥2.10bn | CN¥1.51bn | CN¥166.2m | −CN¥693.5m | −CN¥1.38bn | −CN¥1.75bn |
| Research and development | CN¥887.1m | CN¥779.7m | CN¥868.7m | CN¥1.18bn | CN¥1.01bn | CN¥671.5m | CN¥473.5m | CN¥352.7m |
| Operating income | CN¥1.89bn | CN¥1.17bn | CN¥330.2m | −CN¥447.9m | −CN¥1.57bn | −CN¥1.78bn | −CN¥2.15bn | −CN¥2.27bn |
| Net income | CN¥3.20bn | CN¥1.56bn | CN¥734.2m | −CN¥258.0m | −CN¥2.39bn | −CN¥3.44bn | −CN¥2.35bn | −CN¥2.66bn |
| Diluted earnings per share | 14.96 | 7.39 | 3.48 | -1.23 | -17.58 | -28.15 | -19.44 | -25.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥19.18bn | CN¥15.82bn | CN¥13.52bn | CN¥12.69bn | CN¥10.93bn | CN¥9.39bn | CN¥10.53bn | CN¥9.28bn |
| Cash and short-term investments | CN¥14.19bn | CN¥11.91bn | CN¥11.07bn | CN¥10.61bn | CN¥7.71bn | CN¥5.58bn | CN¥7.47bn | CN¥4.20bn |
| Total liabilities | CN¥4.19bn | CN¥3.96bn | CN¥3.69bn | CN¥3.58bn | CN¥2.34bn | CN¥15.57bn | CN¥13.96bn | CN¥10.33bn |
| Debt | CN¥2.3m | CN¥6.5m | CN¥6.4m | CN¥8.4m | CN¥10.5m | CN¥11.16bn | CN¥10.76bn | CN¥5.05bn |
| Shareholders' equity | CN¥15.00bn | CN¥11.86bn | CN¥9.83bn | CN¥9.11bn | CN¥8.60bn | −CN¥6.18bn | −CN¥3.43bn | −CN¥1.05bn |
| Shares outstanding | 214m | 211m | 211m | 210m | 136m | 122m | 121m | 103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.88bn | CN¥1.77bn | CN¥220.2m | CN¥2.15bn | −CN¥1.06bn | −CN¥1.13bn | −CN¥1.99bn | −CN¥3.20bn |
| Capital spending | −CN¥13.0m | −CN¥3.7m | −CN¥6.5m | −CN¥30.4m | −CN¥46.0m | −CN¥24.0m | −CN¥17.2m | −CN¥16.7m |
| Free cash flow | CN¥1.87bn | CN¥1.77bn | CN¥213.8m | CN¥2.12bn | −CN¥1.10bn | −CN¥1.15bn | −CN¥2.00bn | −CN¥3.22bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.31bn | CN¥2.31bn | CN¥2.29bn | CN¥2.29bn | CN¥2.23bn | CN¥2.23bn | CN¥1.94bn | CN¥2.26bn |
| Gross profit | CN¥858.7m | CN¥858.7m | CN¥802.0m | CN¥802.0m | CN¥811.0m | CN¥811.0m | CN¥627.9m | CN¥731.4m |
| Operating income | CN¥434.6m | CN¥434.6m | CN¥452.8m | CN¥452.8m | CN¥491.8m | CN¥491.8m | CN¥285.5m | CN¥332.5m |
| Net income | CN¥471.3m | CN¥471.3m | CN¥502.4m | CN¥502.4m | CN¥1.10bn | CN¥1.10bn | CN¥375.8m | CN¥437.8m |
| Diluted earnings per share | 2.24 | 2.24 | 2.35 | 2.35 | 5.13 | 5.13 | 1.78 | 2.07 |
| Cash from operations | — | — | CN¥635.0m | CN¥635.0m | CN¥307.0m | CN¥307.0m | CN¥596.0m | CN¥694.0m |
| Capital spending | — | — | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m | — | — |
| Free cash flow | — | — | CN¥632.0m | CN¥632.0m | CN¥304.0m | CN¥304.0m | — | — |
| Total assets | CN¥19.06bn | CN¥19.06bn | CN¥19.17bn | CN¥19.17bn | CN¥17.81bn | CN¥17.81bn | CN¥13.58bn | CN¥15.82bn |
| Cash and short-term investments | CN¥15.29bn | CN¥15.29bn | CN¥14.18bn | CN¥14.18bn | CN¥12.85bn | CN¥12.85bn | CN¥10.22bn | CN¥11.91bn |
| Debt | CN¥505,529 | CN¥505,529 | CN¥7.2m | CN¥2.3m | CN¥6.9m | CN¥1.9m | CN¥6.5m | CN¥2.0m |
| Shareholders' equity | CN¥14.73bn | CN¥14.73bn | CN¥14.99bn | CN¥14.99bn | CN¥14.11bn | CN¥14.11bn | CN¥10.18bn | CN¥11.86bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.7% | 33.7% | 26.7% | 14.4% | 2.0% | -12.2% |
| Operating margin | 20.9% | 14.7% | 4.2% | -4.3% | -19.2% | -31.1% |
| Net margin | 35.4% | 19.6% | 9.3% | -2.5% | -29.4% | -60.3% |
| Return on equity | 21.3% | 15.3% | 8.7% | -2.8% | -27.9% | 55.6% |
| Return on assets | 16.7% | 11.5% | 6.3% | -2.0% | -21.9% | -36.6% |
| Free cash flow yield | 9.0% | 9.9% | 1.1% | 10.5% | -7.5% | -9.2% |
| Revenue growth | -2.4% | 1.1% | -12.5% | 28.5% | 42.9% | 88.7% |
| Earnings growth | 76.0% | 112.7% | -431.5% | -89.2% | -30.3% | 46.6% |
| Current ratio | 4.04x | 3.61x | 3.65x | 3.48x | 4.50x | 3.16x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -2.10x |
| Equity ratio | 78.2% | 74.9% | 72.7% | 71.8% | 78.6% | -65.9% |
| Interest coverage | 8360.58x | 4898.94x | 1041.58x | -1101.76x | -376.55x | -1419.73x |
| R&D as a share of sales | 9.8% | 9.8% | 11.0% | 11.2% | 12.4% | 11.8% |
| Buybacks as a share of market value | -1.2% | -0.2% | -0.4% | -54.2% | -11.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | 9.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.8% | 26.9% | 18.3% | — |
| Operating margin | 18.0% | 8.3% | -0.8% | — |
| Net margin | 28.0% | 14.8% | -1.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 10.7 | 13.5 | 22.3 | -54.6 | -7.7 |
| Price to sales | 3.8 | 2.6 | 2.1 | 1.4 | 2.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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