L 
34.83
+2.44%
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¥47.95bn
FY2017FY2025
Net income
CN¥3.50bn
FY2017FY2025
Free cash flow
CN¥3.39bn
FY2017FY2025
Shareholders' equity
CN¥17.15bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥47.95bn | CN¥34.96bn | CN¥24.90bn | CN¥13.53bn | CN¥7.86bn | CN¥3.02bn | CN¥3.02bn | CN¥873.5m | CN¥500,000 |
| Research and development | CN¥612.6m | CN¥500.8m | CN¥338.8m | CN¥306.7m | CN¥248.4m | CN¥219.0m | — | CN¥78.0m | CN¥10.2m |
| Operating income | CN¥5.03bn | CN¥3.52bn | CN¥3.11bn | CN¥1.52bn | CN¥971.9m | −CN¥2.92bn | −CN¥3.21bn | −CN¥1.56bn | −CN¥112.4m |
| Net income | CN¥3.50bn | CN¥2.97bn | CN¥2.85bn | CN¥496.8m | CN¥571.1m | −CN¥3.15bn | −CN¥3.16bn | −CN¥1.68bn | −CN¥112.7m |
| Diluted earnings per share | 87.30 | 74.65 | 71.97 | 12.60 | 16.50 | -12.44 | -13.15 | -56.00 | -2.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥30.32bn | CN¥23.10bn | CN¥18.29bn | CN¥10.48bn | CN¥12.31bn | CN¥9.76bn | CN¥9.76bn | CN¥3.49bn | CN¥337.0m |
| Cash and short-term investments | CN¥8.21bn | CN¥5.74bn | CN¥3.49bn | CN¥3.53bn | CN¥6.48bn | CN¥5.37bn | CN¥5.37bn | CN¥1.76bn | CN¥219.1m |
| Total liabilities | CN¥13.17bn | CN¥10.05bn | CN¥10.16bn | CN¥5.43bn | CN¥8.68bn | CN¥4.62bn | CN¥4.62bn | CN¥1.13bn | CN¥388.3m |
| Debt | CN¥7.26bn | CN¥6.01bn | CN¥4.97bn | CN¥1.91bn | CN¥4.10bn | CN¥678.7m | CN¥678.7m | CN¥416.4m | CN¥382.2m |
| Shareholders' equity | CN¥17.15bn | CN¥13.05bn | CN¥8.14bn | CN¥5.05bn | CN¥5.15bn | CN¥5.06bn | CN¥5.14bn | CN¥2.35bn | −CN¥51.4m |
| Shares outstanding | 40m | 40m | 40m | 39m | 35m | 253m | 240m | 30m | 40m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.94bn | CN¥4.23bn | CN¥2.90bn | CN¥19.8m | CN¥123.4m | −CN¥2.17bn | −CN¥2.17bn | −CN¥1.31bn | −CN¥190.1m |
| Capital spending | −CN¥2.55bn | −CN¥2.30bn | −CN¥2.76bn | −CN¥801.0m | −CN¥173.2m | −CN¥1.61bn | −CN¥1.61bn | −CN¥1.01bn | −CN¥145.8m |
| Free cash flow | CN¥3.39bn | CN¥1.93bn | CN¥143.7m | −CN¥781.2m | −CN¥49.8m | −CN¥3.78bn | −CN¥3.78bn | −CN¥2.32bn | −CN¥335.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.84bn | CN¥12.00bn | CN¥12.60bn | CN¥15.21bn | CN¥12.24bn | CN¥8.85bn | CN¥9.76bn | CN¥9.96bn |
| Operating income | CN¥2.14bn | CN¥738.0m | CN¥839.7m | CN¥1.80bn | CN¥1.70bn | CN¥757.5m | CN¥1.03bn | CN¥1.46bn |
| Net income | CN¥1.48bn | CN¥506.1m | CN¥511.0m | CN¥1.27bn | CN¥1.24bn | CN¥524.1m | CN¥854.0m | CN¥1.29bn |
| Diluted earnings per share | 36.85 | 12.58 | 12.74 | 31.70 | 30.87 | 13.06 | 21.44 | 32.27 |
| Cash from operations | CN¥2.63bn | CN¥790.0m | CN¥560.0m | CN¥2.07bn | CN¥2.56bn | CN¥896.0m | CN¥1.63bn | CN¥1.32bn |
| Capital spending | — | — | −CN¥560.0m | — | — | — | −CN¥2.30bn | — |
| Free cash flow | — | — | CN¥0 | — | — | — | −CN¥673.0m | — |
| Total assets | CN¥35.44bn | CN¥31.89bn | CN¥30.32bn | CN¥29.68bn | CN¥27.00bn | CN¥23.71bn | CN¥23.10bn | CN¥22.09bn |
| Cash and short-term investments | CN¥10.17bn | CN¥8.29bn | CN¥8.21bn | CN¥8.58bn | CN¥7.41bn | CN¥5.93bn | CN¥5.74bn | CN¥4.56bn |
| Debt | CN¥5.12bn | CN¥5.99bn | CN¥5.90bn | CN¥2.83bn | CN¥2.61bn | CN¥2.42bn | CN¥2.68bn | CN¥2.52bn |
| Shareholders' equity | CN¥18.19bn | CN¥17.79bn | CN¥17.15bn | CN¥15.02bn | CN¥13.56bn | CN¥12.18bn | CN¥13.05bn | CN¥10.50bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 10.5% | 10.1% | 12.5% | 11.2% | 12.4% | -96.9% | — |
| Net margin | 7.3% | 8.5% | 11.4% | 3.7% | 7.3% | -104.4% | — |
| Return on equity | 20.4% | 22.8% | 35.0% | 9.8% | 11.1% | -62.2% | — |
| Return on assets | 11.6% | 12.9% | 15.6% | 4.7% | 4.6% | -32.3% | — |
| Free cash flow yield | 611.0% | 473.4% | 412.7% | 60.1% | 24.7% | -6.3% | — |
| Revenue growth | 37.1% | 40.4% | 84.1% | 72.0% | 160.6% | -0.3% | — |
| Earnings growth | 17.8% | 4.4% | 473.2% | -13.0% | -118.1% | -0.3% | — |
| Current ratio | 1.70x | 1.60x | 1.39x | 2.13x | 1.27x | 1.75x | — |
| Debt to equity | 0.34x | 0.21x | 0.23x | 0.17x | 0.69x | 0.67x | — |
| Equity ratio | 56.6% | 56.5% | 44.5% | 48.2% | 41.8% | 51.8% | — |
| Interest coverage | 41390.97x | 883.53x | — | 63.41x | 27.75x | -92.68x | -101.56x |
| R&D as a share of sales | 1.3% | 1.4% | 1.4% | 2.3% | 3.2% | 7.3% | — |
| Buybacks as a share of market value | -0.7% | -0.7% | -0.3% | -13.9% | 86.3% | -5.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 52.5% | 73.9% | — |
| Operating income | 49.2% | — | — |
| Net income | 91.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 2.6 | 2.4 | 2.6 | 12.1 | 3.9 | -2.6 | -7.3 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 2.7 | 7.6 |
Market value over time
31 May 2019 to 11 Sept 2026, in CNY
CN¥471.4mCN¥1.39bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 47% | -17% | 17% | 140% | 124% | -60% | 58% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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