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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¥2.61bn
FY2016FY2025
Net income
CN¥200.1m
FY2016FY2025
Free cash flow
−CN¥229.4m
FY2016FY2025
Shareholders' equity
CN¥1.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.61bn | CN¥1.82bn | CN¥1.40bn | CN¥1.02bn | CN¥763.7m | CN¥701.6m | CN¥700.4m | CN¥600.2m | CN¥358.4m | CN¥253.5m |
| Gross profit | CN¥546.3m | CN¥396.8m | CN¥310.4m | CN¥305.9m | CN¥211.1m | CN¥195.7m | CN¥185.4m | CN¥192.7m | CN¥101.8m | CN¥60.4m |
| Research and development | CN¥108.2m | CN¥73.9m | CN¥66.6m | CN¥47.6m | CN¥29.8m | CN¥28.0m | CN¥27.9m | CN¥26.5m | CN¥14.2m | CN¥9.8m |
| Operating income | CN¥265.8m | CN¥198.6m | CN¥79.3m | CN¥134.3m | CN¥87.9m | CN¥86.9m | CN¥110.8m | CN¥124.4m | CN¥59.6m | CN¥34.9m |
| Net income | CN¥200.1m | CN¥124.2m | CN¥87.1m | CN¥104.7m | CN¥102.1m | CN¥82.0m | CN¥81.2m | CN¥89.9m | CN¥45.0m | CN¥27.8m |
| Diluted earnings per share | 0.56 | 0.35 | 0.24 | 0.30 | 0.34 | 0.27 | 0.36 | 0.40 | 0.15 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.64bn | CN¥2.14bn | CN¥1.93bn | CN¥1.70bn | CN¥1.08bn | CN¥995.4m | CN¥614.8m | CN¥551.6m | CN¥384.4m | CN¥270.9m |
| Cash and short-term investments | CN¥503.4m | CN¥190.6m | CN¥120.3m | CN¥330.2m | CN¥207.9m | CN¥217.3m | CN¥70.0m | CN¥120.7m | CN¥50.7m | CN¥20.5m |
| Total liabilities | CN¥1.84bn | CN¥841.3m | CN¥822.0m | CN¥697.0m | CN¥459.6m | CN¥387.0m | CN¥240.9m | CN¥258.4m | CN¥180.4m | CN¥112.3m |
| Debt | CN¥1.48bn | CN¥607.3m | CN¥656.7m | CN¥515.4m | CN¥374.4m | CN¥269.1m | CN¥147.8m | CN¥152.8m | CN¥103.3m | CN¥31.7m |
| Shareholders' equity | CN¥1.65bn | CN¥1.18bn | CN¥1.03bn | CN¥940.8m | CN¥622.8m | CN¥608.4m | CN¥373.8m | CN¥293.3m | CN¥204.0m | CN¥158.6m |
| Shares outstanding | 360m | 358m | 359m | 351m | 300m | 300m | 225m | 225m | 300m | 300m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥78.0m | CN¥119.0m | −CN¥238.7m | −CN¥42.3m | CN¥112.0m | −CN¥108.6m | −CN¥5.5m | CN¥58.3m | −CN¥22.8m | CN¥17,491 |
| Capital spending | −CN¥151.4m | −CN¥21.3m | −CN¥72.1m | −CN¥166.6m | −CN¥144.9m | −CN¥20.9m | −CN¥30.2m | −CN¥36.1m | −CN¥21.4m | −CN¥6.5m |
| Free cash flow | −CN¥229.4m | CN¥97.7m | −CN¥310.8m | −CN¥208.9m | −CN¥33.0m | −CN¥129.5m | −CN¥35.7m | CN¥22.2m | −CN¥44.2m | −CN¥6.5m |
| Dividends paid | — | −CN¥3.2m | — | — | — | — | — | — | −CN¥39.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.70bn | CN¥1.50bn | CN¥1.11bn | CN¥919.5m | CN¥902.6m | CN¥770.5m | CN¥632.7m | CN¥549.9m |
| Gross profit | CN¥430.9m | CN¥282.4m | CN¥263.9m | CN¥206.2m | CN¥190.6m | CN¥160.8m | CN¥149.6m | CN¥142.4m |
| Operating income | CN¥298.5m | CN¥65.5m | CN¥127.4m | CN¥70.7m | CN¥56.3m | CN¥1.5m | CN¥74.0m | CN¥71.1m |
| Net income | CN¥215.5m | CN¥93.0m | CN¥107.1m | CN¥61.9m | CN¥62.3m | CN¥42.3m | CN¥44.8m | CN¥42.6m |
| Diluted earnings per share | 0.56 | 0.26 | 0.30 | 0.17 | 0.17 | 0.12 | 0.12 | 0.12 |
| Cash from operations | — | CN¥127.0m | −CN¥205.0m | −CN¥11.0m | CN¥130.0m | −CN¥195.0m | −CN¥43.0m | CN¥124.0m |
| Capital spending | — | −CN¥134.0m | −CN¥16.0m | −CN¥19.0m | −CN¥2.0m | −CN¥31.0m | −CN¥40.0m | −CN¥109.0m |
| Free cash flow | — | −CN¥7.0m | −CN¥221.0m | −CN¥30.0m | CN¥128.0m | −CN¥226.0m | −CN¥83.0m | CN¥15.0m |
| Total assets | CN¥4.86bn | CN¥3.64bn | CN¥2.78bn | CN¥2.50bn | CN¥2.35bn | CN¥1.93bn | CN¥1.92bn | CN¥1.91bn |
| Cash and short-term investments | CN¥984.3m | CN¥503.4m | CN¥180.7m | CN¥222.2m | CN¥272.1m | CN¥120.3m | CN¥184.1m | CN¥365.4m |
| Debt | CN¥878.6m | CN¥1.48bn | CN¥933.7m | CN¥708.1m | CN¥779.8m | CN¥656.7m | CN¥478.2m | CN¥515.4m |
| Shareholders' equity | CN¥2.38bn | CN¥1.65bn | CN¥1.45bn | CN¥1.37bn | CN¥1.28bn | CN¥1.03bn | CN¥1.07bn | CN¥1.06bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.9% | 21.8% | 22.1% | 30.0% | 27.6% | 27.9% |
| Operating margin | 10.2% | 9.7% | 10.1% | 14.2% | 17.1% | 15.8% |
| Net margin | 7.7% | 6.8% | 6.2% | 10.3% | 13.4% | 11.7% |
| Return on equity | 12.1% | 10.5% | 8.5% | 11.1% | 16.4% | 13.5% |
| Return on assets | 5.5% | 5.8% | 4.5% | 6.2% | 9.4% | 8.2% |
| Free cash flow yield | 2.1% | 4.8% | -5.6% | 4.3% | 10.4% | -3.0% |
| Revenue growth | 23.0% | 29.9% | 37.6% | 33.5% | 26.9% | 0.2% |
| Earnings growth | 38.2% | 42.5% | -16.8% | 2.6% | 45.2% | 0.9% |
| Current ratio | 1.97x | 2.26x | 1.91x | 2.31x | 1.78x | 2.40x |
| Debt to equity | 0.72x | 0.51x | 0.63x | 0.54x | 0.57x | 0.51x |
| Equity ratio | 45.2% | 55.0% | 53.4% | 55.4% | 57.5% | 61.1% |
| Interest coverage | 8.54x | 7.25x | 6.00x | 6.92x | 11.06x | 11.87x |
| R&D as a share of sales | 4.1% | 4.1% | 4.7% | 4.7% | 3.9% | 4.0% |
| Buybacks as a share of market value | -0.7% | 0.5% | -2.3% | -17.1% | 0.0% | -33.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.8% | 29.9% | — |
| Operating income | 25.6% | 25.1% | — |
| Net income | 24.1% | 19.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.3% | 22.7% | 23.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 10.1 | 7.5 | 13.5 | 11.9 | 7.3 | 4.2 |
| Price to sales | 0.8 | 0.5 | 0.9 | 1.3 | 1.0 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 2 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.056 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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