A 
105.38
-3.72%
Close of 9 Nov 2026, in USD
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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¥1.02trn
FY2017FY2026
Net income
CN¥103.59bn
FY2017FY2026
Free cash flow
−CN¥50.72bn
FY2017FY2026
Shareholders' equity
CN¥1.06trn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.02trn | CN¥852.69bn | CN¥941.17bn | CN¥868.69bn | CN¥853.06bn | CN¥717.29bn | CN¥509.71bn | CN¥376.84bn | CN¥250.27bn | CN¥158.27bn |
| Gross profit | CN¥407.53bn | CN¥340.67bn | CN¥354.85bn | CN¥318.99bn | CN¥313.61bn | CN¥296.08bn | CN¥227.34bn | CN¥169.91bn | CN¥143.22bn | CN¥98.79bn |
| Research and development | CN¥66.53bn | CN¥48.91bn | CN¥52.26bn | CN¥56.74bn | CN¥55.47bn | CN¥57.24bn | CN¥43.08bn | CN¥37.44bn | CN¥22.75bn | CN¥17.06bn |
| Operating income | CN¥59.66bn | CN¥120.59bn | CN¥119.51bn | CN¥106.17bn | CN¥80.16bn | CN¥89.68bn | CN¥91.43bn | CN¥57.08bn | CN¥69.31bn | CN¥48.05bn |
| Net income | CN¥103.59bn | CN¥111.35bn | CN¥80.01bn | CN¥72.78bn | CN¥62.25bn | CN¥150.58bn | CN¥149.43bn | CN¥87.89bn | CN¥64.09bn | CN¥43.67bn |
| Diluted earnings per share | 42.89 | 46.13 | 33.34 | 28.65 | 23.85 | 56.29 | 54.29 | 32.87 | 24.52 | 16.70 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.90trn | CN¥1.80trn | CN¥1.76trn | CN¥1.75trn | CN¥1.70trn | CN¥1.69trn | CN¥1.31trn | CN¥965.08bn | CN¥717.12bn | CN¥506.81bn |
| Cash and short-term investments | CN¥357.73bn | CN¥428.09bn | CN¥571.03bn | CN¥524.47bn | CN¥455.08bn | CN¥483.44bn | CN¥363.21bn | CN¥203.16bn | CN¥210.21bn | CN¥150.80bn |
| Total liabilities | CN¥780.68bn | CN¥714.12bn | CN¥652.23bn | CN¥630.12bn | CN¥613.36bn | CN¥606.58bn | CN¥433.33bn | CN¥349.67bn | CN¥277.69bn | CN¥182.69bn |
| Debt | CN¥259.90bn | CN¥230.70bn | CN¥170.78bn | CN¥161.35bn | CN¥141.34bn | CN¥149.15bn | CN¥125.43bn | CN¥134.30bn | CN¥125.55bn | CN¥91.73bn |
| Shareholders' equity | CN¥1.06trn | CN¥1.09trn | CN¥1.11trn | CN¥1.12trn | CN¥1.08trn | CN¥1.08trn | CN¥879.65bn | CN¥615.40bn | CN¥439.44bn | CN¥324.12bn |
| Shares outstanding | 2,416m | 2,414m | 2,400m | 2,540m | 2,610m | 2,675m | 2,753m | 2,674m | 2,614m | 2,615m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥76.21bn | CN¥141.06bn | CN¥184.01bn | CN¥199.90bn | CN¥140.39bn | CN¥223.63bn | CN¥185.21bn | CN¥151.01bn | CN¥118.04bn | CN¥82.02bn |
| Capital spending | −CN¥126.94bn | −CN¥74.17bn | −CN¥33.18bn | −CN¥34.38bn | −CN¥52.44bn | −CN¥41.67bn | −CN¥46.54bn | −CN¥49.65bn | −CN¥28.14bn | −CN¥17.92bn |
| Free cash flow | −CN¥50.72bn | CN¥66.89bn | CN¥150.82bn | CN¥165.52bn | CN¥87.95bn | CN¥181.96bn | CN¥138.67bn | CN¥101.36bn | CN¥89.91bn | CN¥64.11bn |
| Dividends paid | −CN¥33.73bn | −CN¥25.08bn | −CN¥18.08bn | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥267.81bn | CN¥243.38bn | CN¥284.84bn | CN¥247.79bn | CN¥247.65bn | CN¥202.36bn | CN¥239.76bn | CN¥202.40bn |
| Gross profit | CN¥101.76bn | CN¥83.99bn | CN¥115.31bn | CN¥97.01bn | CN¥111.22bn | CN¥77.73bn | CN¥100.67bn | CN¥79.14bn |
| Operating income | CN¥19.25bn | −CN¥848.0m | CN¥20.16bn | CN¥5.37bn | CN¥34.99bn | CN¥24.36bn | CN¥35.26bn | CN¥30.16bn |
| Net income | CN¥10.57bn | CN¥25.54bn | CN¥16.38bn | CN¥21.02bn | CN¥40.65bn | CN¥10.75bn | CN¥42.04bn | CN¥37.68bn |
| Diluted earnings per share | 4.38 | 10.57 | 6.79 | 8.71 | 16.84 | 4.45 | 17.52 | 15.70 |
| Cash from operations | CN¥22.95bn | CN¥11.17bn | CN¥35.62bn | CN¥10.36bn | CN¥20.35bn | CN¥22.18bn | CN¥71.62bn | CN¥31.11bn |
| Capital spending | −CN¥67.68bn | −CN¥30.25bn | −CN¥28.84bn | −CN¥31.98bn | −CN¥38.07bn | −CN¥45.99bn | −CN¥2.04bn | −CN¥17.26bn |
| Free cash flow | −CN¥44.73bn | −CN¥19.08bn | CN¥6.78bn | −CN¥21.62bn | −CN¥17.72bn | −CN¥23.81bn | CN¥69.58bn | CN¥13.86bn |
| Total assets | CN¥1.96trn | CN¥1.90trn | CN¥1.88trn | CN¥1.88trn | CN¥1.85trn | CN¥1.54trn | CN¥1.85trn | CN¥1.76trn |
| Cash and short-term investments | CN¥428.20bn | CN¥357.73bn | CN¥380.62bn | CN¥373.57bn | CN¥416.42bn | CN¥366.37bn | CN¥453.28bn | CN¥388.79bn |
| Debt | CN¥266.52bn | CN¥259.90bn | CN¥262.75bn | CN¥281.59bn | CN¥232.10bn | CN¥200.82bn | CN¥231.53bn | CN¥202.26bn |
| Shareholders' equity | CN¥1.05trn | CN¥1.06trn | CN¥1.04trn | CN¥1.03trn | CN¥1.09trn | CN¥932.93bn | CN¥1.09trn | CN¥1.06trn |
Financial ratios
Data as of 27 Aug 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.8% | 40.0% | 37.7% | 36.7% | 36.8% | 41.3% |
| Operating margin | 5.8% | 14.1% | 12.7% | 12.2% | 9.4% | 12.5% |
| Net margin | 10.1% | 13.1% | 8.5% | 8.4% | 7.3% | 21.0% |
| Return on equity | 9.8% | 12.9% | 7.2% | 6.5% | 5.8% | 13.9% |
| Return on assets | 5.4% | 7.2% | 4.5% | 4.2% | 3.7% | 8.9% |
| Free cash flow yield | 70.2% | 86.9% | 75.5% | 76.9% | 62.7% | 85.8% |
| Revenue growth | 2.7% | 5.9% | 8.3% | 1.8% | 18.9% | 40.7% |
| Earnings growth | -20.4% | 62.6% | 9.9% | 16.9% | -58.7% | 0.8% |
| Current ratio | 1.28x | 1.54x | 1.79x | 1.81x | 1.66x | 1.70x |
| Debt to equity | 0.25x | 0.23x | 0.16x | 0.15x | 0.14x | 0.14x |
| Equity ratio | 55.6% | 56.0% | 63.0% | 64.1% | 63.8% | 64.1% |
| Interest coverage | 6.09x | 14.68x | 6.67x | 6.25x | 3.89x | 4.35x |
| R&D as a share of sales | 6.5% | 5.7% | 5.6% | 6.5% | 6.5% | 8.0% |
| Buybacks as a share of market value | -0.1% | -0.6% | 5.5% | 2.7% | 2.4% | 2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 7.4% | 26.0% |
| Operating income | -17.5% | -7.8% | 7.4% |
| Net income | 12.5% | -7.2% | 3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.9% | 38.6% | 38.7% | 41.2% |
| Operating margin | 9.6% | 11.0% | 11.0% | 13.1% |
| Net margin | 11.5% | 10.0% | 11.0% | 15.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | |
|---|---|---|
| Price to earnings | 16.4 | 22.3 |
| Price to sales | 1.7 | 2.9 |
Market value over time
30 Sept 2016 to 26 Aug 2026, in CNY
CN¥271.46bnCN¥289.45bn
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 67% |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 11 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Paid in the year | 7.116 | 0.95 | 0.66 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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