I 
12.12
+0.17%
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¥2.30bn
FY2017FY2025
Net income
CN¥625.8m
FY2017FY2025
Free cash flow
CN¥130.8m
FY2017FY2025
Shareholders' equity
CN¥7.73bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.30bn | CN¥859.5m | CN¥628.8m | CN¥625.4m | CN¥1.04bn | CN¥1.4m | CN¥1.1m | CN¥1.4m | CN¥86,849 |
| Gross profit | CN¥2.01bn | CN¥741.6m | CN¥519.5m | CN¥482.0m | CN¥977.4m | CN¥1.4m | CN¥1.1m | CN¥1.4m | CN¥86,849 |
| Research and development | CN¥849.2m | CN¥693.1m | CN¥639.6m | CN¥639.1m | CN¥721.6m | CN¥402.8m | CN¥181.5m | CN¥127.5m | CN¥53.5m |
| Operating income | CN¥440.6m | −CN¥447.7m | −CN¥554.4m | −CN¥770.4m | −CN¥193.9m | −CN¥559.0m | −CN¥237.5m | −CN¥126.6m | −CN¥57.1m |
| Net income | CN¥625.8m | −CN¥375.2m | −CN¥537.5m | −CN¥886.6m | −CN¥64.5m | −CN¥391.4m | −CN¥1.82bn | −CN¥468.3m | −CN¥291.0m |
| Diluted earnings per share | 0.36 | -0.23 | -0.32 | -0.53 | -0.04 | -0.34 | -1.45 | -0.37 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥10.83bn | CN¥9.41bn | CN¥9.92bn | CN¥10.32bn | CN¥7.40bn | CN¥4.54bn | CN¥2.23bn | CN¥1.87bn | CN¥91.4m |
| Cash and short-term investments | CN¥7.34bn | CN¥6.22bn | CN¥8.22bn | CN¥9.01bn | CN¥6.25bn | CN¥3.97bn | CN¥2.02bn | CN¥1.74bn | CN¥39.9m |
| Total liabilities | CN¥3.07bn | CN¥2.66bn | CN¥2.74bn | CN¥2.68bn | CN¥1.74bn | CN¥1.38bn | CN¥4.74bn | CN¥2.59bn | CN¥425.3m |
| Debt | CN¥1.61bn | CN¥1.27bn | CN¥1.35bn | CN¥1.54bn | CN¥1.27bn | CN¥1.17bn | CN¥4.61bn | CN¥2.61bn | CN¥338.6m |
| Shareholders' equity | CN¥7.73bn | CN¥6.73bn | CN¥7.15bn | CN¥7.60bn | CN¥5.60bn | CN¥3.10bn | −CN¥2.56bn | −CN¥770.0m | −CN¥333.8m |
| Shares outstanding | 1,762m | 1,599m | 1,684m | 1,677m | 1,500m | 1,160m | 1,252m | 1,252m | 1,765m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥199.1m | −CN¥311.3m | −CN¥671.3m | −CN¥565.6m | CN¥167.1m | −CN¥146.9m | −CN¥67.9m | −CN¥15.1m | −CN¥42.0m |
| Capital spending | −CN¥68.3m | −CN¥66.6m | −CN¥254.7m | −CN¥370.3m | −CN¥167.1m | −CN¥213.9m | −CN¥38.7m | −CN¥17.1m | −CN¥1.2m |
| Free cash flow | CN¥130.8m | −CN¥377.9m | −CN¥926.0m | −CN¥935.9m | −CN¥11,000 | −CN¥360.8m | −CN¥106.6m | −CN¥32.2m | −CN¥43.2m |
| Dividends paid | −CN¥32.9m | −CN¥309.0m | −CN¥1.2m | −CN¥3.3m | −CN¥3.3m | −CN¥2.8m | −CN¥2.8m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥605.8m | CN¥523.8m | CN¥1.24bn | CN¥383.8m | CN¥350.2m | CN¥381.3m | CN¥265.4m | CN¥278.0m |
| Gross profit | CN¥526.7m | CN¥461.7m | CN¥1.15bn | CN¥335.3m | CN¥309.5m | CN¥345.2m | CN¥231.0m | CN¥240.1m |
| Operating income | CN¥73.8m | CN¥67.1m | CN¥720.2m | −CN¥84.0m | −CN¥47.3m | CN¥16.4m | CN¥242.9m | −CN¥17.4m |
| Net income | CN¥139.9m | CN¥104.9m | CN¥696.5m | −CN¥34.3m | −CN¥48.1m | CN¥18.0m | −CN¥140.7m | −CN¥13.6m |
| Diluted earnings per share | 0.08 | 0.06 | 0.40 | -0.02 | -0.03 | 0.01 | -0.09 | -0.01 |
| Cash from operations | CN¥97.0m | CN¥15.0m | CN¥208.0m | −CN¥1.0m | −CN¥118.0m | CN¥56.0m | −CN¥574.0m | −CN¥50.0m |
| Capital spending | −CN¥19.0m | −CN¥19.0m | −CN¥31.0m | −CN¥14.0m | −CN¥9.0m | −CN¥15.0m | −CN¥5.0m | −CN¥16.0m |
| Free cash flow | CN¥78.0m | −CN¥4.0m | CN¥177.0m | −CN¥15.0m | −CN¥127.0m | CN¥41.0m | −CN¥579.0m | −CN¥66.0m |
| Total assets | CN¥11.22bn | CN¥10.35bn | CN¥10.83bn | CN¥9.52bn | CN¥9.36bn | CN¥9.41bn | CN¥8.01bn | CN¥9.46bn |
| Cash and short-term investments | CN¥8.37bn | CN¥7.07bn | CN¥7.34bn | CN¥7.02bn | CN¥7.24bn | CN¥7.01bn | CN¥5.30bn | CN¥7.08bn |
| Debt | CN¥1.24bn | CN¥524.9m | CN¥1.36bn | CN¥324.7m | CN¥1.23bn | CN¥175.5m | CN¥1.08bn | CN¥194.9m |
| Shareholders' equity | CN¥7.67bn | CN¥7.32bn | CN¥7.73bn | CN¥6.67bn | CN¥6.70bn | CN¥6.75bn | CN¥5.73bn | CN¥6.80bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 87.6% | 86.3% | 82.6% | 77.1% | 93.7% | 100.0% |
| Operating margin | 19.2% | -52.1% | -88.2% | -123.2% | -18.6% | -40981.4% |
| Net margin | 27.2% | -43.7% | -85.5% | -141.8% | -6.2% | -28694.6% |
| Return on equity | 8.1% | -6.6% | -8.8% | -11.7% | -1.2% | -12.6% |
| Return on assets | 5.8% | -4.7% | -6.4% | -8.6% | -0.9% | -8.6% |
| Free cash flow yield | 1.1% | -1.3% | -1.8% | -0.8% | 1.6% | 0.5% |
| Revenue growth | 127.6% | 36.7% | 18.1% | -40.0% | 76368.7% | 9.4% |
| Earnings growth | -242.0% | -30.2% | -28.8% | 1273.6% | -83.5% | -81.7% |
| Current ratio | 5.83x | 7.37x | 4.21x | 4.48x | 19.49x | 39.18x |
| Debt to equity | 0.17x | 0.18x | 0.18x | 0.16x | 0.22x | 0.37x |
| Equity ratio | 71.4% | 71.5% | 72.1% | 73.6% | 75.8% | 68.4% |
| Interest coverage | 8.21x | -15.56x | -18.59x | -45.20x | -73.38x | -490.77x |
| R&D as a share of sales | 37.0% | 80.6% | 101.7% | 102.2% | 69.2% | 29528.7% |
| Buybacks as a share of market value | -10.2% | 5.0% | -0.4% | -11.8% | -29.2% | 7.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 54.3% | 341.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 87.2% | 85.1% | 86.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 30.5 | -22.9 | -19.0 | -22.7 | -312.7 | -35.2 |
| Price to sales | 8.3 | 10.0 | 16.2 | 32.2 | 19.4 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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