G 
1.70
0.00%
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¥4.79bn
FY2016FY2025
Net income
CN¥14.8m
FY2016FY2025
Free cash flow
CN¥111.0m
FY2016FY2025
Shareholders' equity
CN¥698.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.79bn | CN¥3.86bn | CN¥3.22bn | CN¥3.38bn | CN¥2.83bn | CN¥2.45bn | CN¥2.29bn | CN¥2.51bn | CN¥2.54bn | CN¥1.87bn |
| Gross profit | CN¥420.5m | CN¥391.0m | CN¥337.0m | CN¥657.9m | CN¥476.1m | CN¥318.4m | CN¥286.3m | CN¥360.7m | CN¥370.1m | CN¥192.2m |
| Research and development | CN¥66.6m | CN¥48.9m | CN¥75.2m | CN¥77.3m | CN¥59.2m | CN¥50.5m | CN¥40.5m | CN¥47.1m | CN¥38.2m | CN¥26.5m |
| Operating income | CN¥25.9m | CN¥31.5m | CN¥9.5m | CN¥323.1m | CN¥175.9m | CN¥33.5m | CN¥54.4m | CN¥131.9m | CN¥142.2m | CN¥35.3m |
| Net income | CN¥14.8m | CN¥12.8m | CN¥2.7m | CN¥274.6m | CN¥130.7m | −CN¥6.0m | CN¥33.9m | CN¥86.5m | CN¥91.1m | CN¥22.3m |
| Diluted earnings per share | 0.02 | 0.01 | 0.00 | 0.27 | 0.13 | -0.01 | 0.05 | 0.12 | 0.09 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.41bn | CN¥2.05bn | CN¥1.74bn | CN¥1.68bn | CN¥1.37bn | CN¥1.19bn | CN¥996.5m | CN¥755.9m | CN¥690.7m | CN¥601.9m |
| Cash and short-term investments | CN¥195.2m | CN¥101.7m | CN¥77.8m | CN¥103.3m | CN¥58.0m | CN¥72.9m | CN¥41.6m | CN¥35.3m | CN¥40.3m | CN¥47.6m |
| Total liabilities | CN¥1.67bn | CN¥1.42bn | CN¥1.16bn | CN¥1.08bn | CN¥1.03bn | CN¥951.0m | CN¥863.0m | CN¥652.2m | CN¥583.0m | CN¥526.6m |
| Debt | CN¥957.6m | CN¥862.4m | CN¥718.3m | CN¥663.4m | CN¥700.0m | CN¥572.2m | CN¥513.4m | CN¥198.4m | CN¥178.9m | CN¥159.5m |
| Shareholders' equity | CN¥698.4m | CN¥585.8m | CN¥581.4m | CN¥602.6m | CN¥339.1m | CN¥239.4m | CN¥133.5m | CN¥103.7m | CN¥107.7m | CN¥71.4m |
| Shares outstanding | 946m | 939m | 950m | 1,000m | 1,000m | 1,000m | 750m | 750m | 1,000m | 1,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥280.2m | CN¥61.0m | CN¥120.1m | CN¥234.1m | −CN¥122.5m | −CN¥145.9m | CN¥23.5m | CN¥23.1m | CN¥63.3m | CN¥80.4m |
| Capital spending | −CN¥169.1m | −CN¥124.4m | −CN¥139.9m | −CN¥274.4m | −CN¥215.0m | −CN¥102.6m | −CN¥66.8m | −CN¥45.5m | −CN¥52.5m | −CN¥58.4m |
| Free cash flow | CN¥111.0m | −CN¥63.4m | −CN¥19.8m | −CN¥40.3m | −CN¥337.5m | −CN¥248.5m | −CN¥43.3m | −CN¥22.4m | CN¥10.8m | CN¥22.0m |
| Dividends paid | — | — | — | — | — | −CN¥2.1m | −CN¥63.7m | −CN¥10.4m | −CN¥12.2m | −CN¥12.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.60bn | CN¥2.63bn | CN¥2.16bn | CN¥2.07bn | CN¥1.79bn | CN¥1.74bn | CN¥1.48bn | CN¥1.78bn |
| Gross profit | CN¥290.7m | CN¥221.8m | CN¥198.6m | CN¥196.5m | CN¥194.5m | CN¥170.4m | CN¥166.6m | CN¥280.8m |
| Operating income | CN¥76.9m | CN¥15.4m | CN¥10.5m | CN¥7.2m | CN¥24.3m | −CN¥3.5m | CN¥13.0m | CN¥119.6m |
| Net income | CN¥34.2m | CN¥6.6m | CN¥8.2m | CN¥8.3m | CN¥4.4m | CN¥1.8m | CN¥881,000 | CN¥103.8m |
| Diluted earnings per share | 0.04 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 |
| Cash from operations | — | CN¥180.0m | CN¥64.0m | CN¥21.0m | CN¥39.0m | CN¥93.0m | CN¥26.0m | CN¥320.0m |
| Capital spending | — | −CN¥81.0m | −CN¥94.0m | −CN¥56.0m | −CN¥67.0m | −CN¥63.0m | −CN¥75.0m | −CN¥166.0m |
| Free cash flow | — | CN¥99.0m | −CN¥30.0m | −CN¥35.0m | −CN¥28.0m | CN¥30.0m | −CN¥49.0m | CN¥154.0m |
| Total assets | CN¥2.53bn | CN¥2.41bn | CN¥2.44bn | CN¥2.05bn | CN¥1.95bn | CN¥1.74bn | CN¥1.74bn | CN¥1.68bn |
| Cash and short-term investments | CN¥159.5m | CN¥195.2m | CN¥181.2m | CN¥101.7m | CN¥97.3m | CN¥77.8m | CN¥101.3m | CN¥103.3m |
| Debt | CN¥725.8m | CN¥957.6m | CN¥1.09bn | CN¥862.4m | CN¥779.0m | CN¥718.3m | CN¥749.3m | CN¥663.4m |
| Shareholders' equity | CN¥731.0m | CN¥698.4m | CN¥694.1m | CN¥585.8m | CN¥582.0m | CN¥581.4m | CN¥602.3m | CN¥602.6m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.8% | 10.1% | 10.5% | 19.5% | 16.8% | 13.0% |
| Operating margin | 0.5% | 0.8% | 0.3% | 9.6% | 6.2% | 1.4% |
| Net margin | 0.3% | 0.3% | 0.1% | 8.1% | 4.6% | -0.2% |
| Return on equity | 2.1% | 2.2% | 0.5% | 45.6% | 38.5% | -2.5% |
| Return on assets | 0.6% | 0.6% | 0.2% | 16.4% | 9.6% | -0.5% |
| Free cash flow yield | 24.1% | 11.7% | 16.2% | 30.1% | 5.5% | -2.2% |
| Revenue growth | 6.5% | 20.0% | -4.8% | 19.3% | 34.7% | 7.0% |
| Earnings growth | -0.3% | 368.2% | -99.0% | 110.1% | -2625.9% | -117.8% |
| Current ratio | 0.93x | 0.90x | 1.01x | 1.17x | 1.08x | 1.07x |
| Debt to equity | 1.36x | 1.46x | 1.23x | 1.10x | 2.05x | 2.74x |
| Equity ratio | 29.0% | 28.6% | 33.4% | 35.9% | 24.8% | 20.1% |
| Interest coverage | 0.61x | 0.79x | 0.24x | 8.74x | 5.90x | 1.10x |
| R&D as a share of sales | 1.4% | 1.3% | 2.3% | 2.3% | 2.1% | 2.1% |
| Buybacks as a share of market value | -0.7% | 1.1% | 5.0% | 0.0% | 0.0% | -33.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.5% | 14.5% | — |
| Operating income | -56.9% | -5.0% | — |
| Net income | -62.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.4% | 11.8% | 12.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 103.2 | 183.3 | 259.8 | 1.4 | 2.4 | -29.9 |
| Price to sales | 0.3 | 0.6 | 0.2 | 0.1 | 0.1 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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