B 
14.31
-2.39%
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¥29.52bn
FY2016FY2025
Net income
CN¥1.16bn
FY2016FY2025
Free cash flow
CN¥5.32bn
FY2016FY2025
Shareholders' equity
CN¥15.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥29.52bn | CN¥26.83bn | CN¥22.53bn | CN¥21.90bn | CN¥19.38bn | CN¥12.00bn | CN¥6.78bn | CN¥4.13bn | CN¥2.47bn | CN¥523.3m |
| Gross profit | CN¥10.95bn | CN¥8.77bn | CN¥5.44bn | CN¥3.85bn | CN¥4.04bn | CN¥2.84bn | CN¥1.19bn | CN¥855.4m | CN¥549.2m | −CN¥249.5m |
| Research and development | CN¥3.44bn | CN¥3.69bn | CN¥4.47bn | CN¥4.77bn | CN¥2.84bn | CN¥1.51bn | CN¥894.4m | CN¥537.5m | CN¥280.1m | CN¥91.2m |
| Operating income | CN¥1.09bn | −CN¥1.34bn | −CN¥5.06bn | −CN¥8.36bn | −CN¥6.63bn | −CN¥3.14bn | −CN¥1.50bn | −CN¥729.0m | −CN¥224.3m | −CN¥894.7m |
| Net income | CN¥1.16bn | −CN¥1.35bn | −CN¥4.82bn | −CN¥7.51bn | −CN¥6.81bn | −CN¥3.01bn | −CN¥1.29bn | −CN¥551.7m | −CN¥183.8m | −CN¥910.1m |
| Diluted earnings per share | 2.54 | -3.17 | -11.63 | -18.95 | -17.40 | -8.51 | -3.93 | -1.80 | -0.66 | -1.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥41.19bn | CN¥32.70bn | CN¥33.16bn | CN¥41.83bn | CN¥52.05bn | CN¥23.87bn | CN¥15.52bn | CN¥10.49bn | CN¥3.47bn | CN¥2.17bn |
| Cash and short-term investments | CN¥24.22bn | CN¥16.68bn | CN¥15.12bn | CN¥19.60bn | CN¥30.32bn | CN¥12.76bn | CN¥8.07bn | CN¥5.23bn | CN¥1.25bn | CN¥1.11bn |
| Total liabilities | CN¥25.64bn | CN¥18.59bn | CN¥18.75bn | CN¥26.59bn | CN¥30.34bn | CN¥16.08bn | CN¥7.88bn | CN¥3.30bn | CN¥1.40bn | CN¥628.1m |
| Debt | CN¥9.64bn | CN¥5.15bn | CN¥7.64bn | CN¥15.54bn | CN¥19.22bn | CN¥8.59bn | CN¥3.51bn | CN¥38.5m | CN¥25.0m | CN¥11.0m |
| Shareholders' equity | CN¥15.58bn | CN¥14.11bn | CN¥14.39bn | CN¥15.24bn | CN¥21.70bn | CN¥7.78bn | CN¥7.64bn | CN¥7.19bn | CN¥2.08bn | CN¥1.54bn |
| Shares outstanding | 458m | 424m | 415m | 396m | 391m | 354m | 328m | 307m | 278m | 620m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥7.15bn | CN¥6.01bn | CN¥266.6m | −CN¥3.91bn | −CN¥2.65bn | CN¥753.1m | CN¥194.6m | CN¥737.3m | CN¥464.6m | −CN¥199.0m |
| Capital spending | −CN¥1.83bn | −CN¥1.76bn | −CN¥1.33bn | −CN¥2.74bn | −CN¥3.69bn | −CN¥2.24bn | −CN¥1.56bn | −CN¥1.33bn | −CN¥630.8m | −CN¥288.4m |
| Free cash flow | CN¥5.32bn | CN¥4.26bn | −CN¥1.06bn | −CN¥6.65bn | −CN¥6.33bn | −CN¥1.49bn | −CN¥1.37bn | −CN¥596.4m | −CN¥166.3m | −CN¥487.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.92bn | CN¥7.43bn | CN¥8.21bn | CN¥7.69bn | CN¥7.34bn | CN¥7.00bn | CN¥7.73bn | CN¥7.31bn |
| Gross profit | CN¥2.99bn | CN¥2.76bn | CN¥3.07bn | CN¥2.82bn | CN¥2.68bn | CN¥2.54bn | CN¥2.79bn | CN¥2.55bn |
| Operating income | CN¥371.8m | CN¥165.7m | CN¥496.9m | CN¥353.9m | CN¥251.6m | CN¥15.0m | CN¥126.4m | −CN¥66.7m |
| Net income | CN¥342.8m | CN¥208.5m | CN¥506.3m | CN¥470.2m | CN¥219.0m | −CN¥9.1m | CN¥90.0m | −CN¥79.5m |
| Diluted earnings per share | 0.76 | 0.46 | 1.11 | 1.03 | 0.48 | -0.02 | 0.21 | -0.19 |
| Cash from operations | — | — | — | — | CN¥1.99bn | CN¥1.30bn | — | — |
| Capital spending | — | — | — | — | −CN¥35.0m | −CN¥35.0m | — | — |
| Free cash flow | — | — | — | — | CN¥1.95bn | CN¥1.27bn | — | — |
| Total assets | CN¥42.49bn | CN¥41.27bn | CN¥41.19bn | CN¥39.93bn | CN¥38.79bn | CN¥33.28bn | CN¥32.70bn | CN¥32.02bn |
| Cash and short-term investments | CN¥24.31bn | CN¥24.10bn | CN¥24.22bn | CN¥23.49bn | CN¥22.29bn | CN¥17.53bn | CN¥16.68bn | CN¥15.23bn |
| Debt | CN¥9.52bn | CN¥9.55bn | CN¥9.64bn | CN¥9.69bn | CN¥10.04bn | CN¥5.30bn | CN¥5.05bn | CN¥4.30bn |
| Shareholders' equity | CN¥15.96bn | CN¥15.58bn | CN¥15.58bn | CN¥14.90bn | CN¥14.16bn | CN¥14.39bn | CN¥14.11bn | CN¥13.73bn |
Financial ratios
Data as of 10 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 37.1% | 32.7% | 24.2% | 17.6% | 20.9% | 23.7% |
| Operating margin | 3.7% | -5.0% | -22.5% | -38.2% | -34.2% | -26.2% |
| Net margin | 3.9% | -5.0% | -21.4% | -34.3% | -35.1% | -25.1% |
| Return on equity | 7.5% | -9.5% | -33.5% | -49.3% | -31.4% | -38.7% |
| Return on assets | 2.8% | -4.1% | -14.5% | -17.9% | -13.1% | -12.6% |
| Free cash flow yield | 123.3% | 115.1% | 24.2% | -18.6% | 16.7% | 53.2% |
| Revenue growth | 10.0% | 19.1% | 2.9% | 13.0% | 61.5% | 77.0% |
| Earnings growth | -186.2% | -72.1% | -35.8% | 10.3% | 126.1% | 133.7% |
| Current ratio | 1.36x | 1.34x | 1.03x | 1.43x | 3.02x | 2.13x |
| Debt to equity | 0.62x | 0.36x | 0.53x | 1.02x | 0.89x | 1.10x |
| Equity ratio | 37.8% | 43.1% | 43.4% | 36.4% | 41.7% | 32.6% |
| Interest coverage | 7.47x | -15.07x | -30.71x | -33.31x | -42.64x | -28.94x |
| R&D as a share of sales | 11.6% | 13.7% | 19.8% | 21.8% | 14.7% | 12.6% |
| Buybacks as a share of market value | -7.9% | -2.3% | -4.7% | -1.2% | -10.6% | -7.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.5% | 19.7% | 71.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.0% | 28.8% | 27.2% | 26.0% |
| Operating margin | -0.4% | -13.6% | -17.7% | -18.6% |
| Net margin | -0.3% | -12.4% | -16.9% | -17.5% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 67.8 |
| Price to sales | 2.7 |
Market value over time
29 Mar 2018 to 9 Sept 2026, in CNY
CN¥759.0mCN¥7.22bn
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 39% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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