| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 807.0M | −12.5% |
| Gross Profit | CNY 547.6M | −14.5% |
| EBITDA | CNY 74.5M | −12.9% |
| Net Income | CNY 95.4M | −3.2% |
| Diluted EPS | CNY 0.36 | 0.0% |
| Free Cash Flow | CNY 46.4M | −9.2% |
| DPS (FY2025) | $0.15derived |
| Trailing yield | 10.43% |
| Payout ratio | 41.0% |
| Growth streak | 1 yr |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.15 | +12.3% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $0.13 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-04-17 | $0.1000 |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 68.70% | 69.93% | 70.13% | 70.84% | 69.42% | 67.86% | 8% | 92% | |
| Operating Margin | −8.36% | −5.74% | 11.32% | 15.70% | 7.80% | 8.27% | 58% | 70% | |
| EBITDA Margin | −7.83% | −5.06% | 12.42% | 16.85% | 9.28% | 9.23% | 42% | 56% | |
| NOPAT Margin | −6.60% | −4.54% | 9.36% | 14.02% | 6.95% | 7.75% | 58% | 76% | |
| Net Margin | −7.05% | −3.92% | 11.14% | 17.77% | 10.69% | 11.82% | 75% | 89% | |
| FCF Margin | 38.93% | 0.63% | 18.46% | 16.27% | 5.54% | 5.75% | 42% | 64% | |
| OCF Margin | 41.92% | 4.04% | 19.12% | 16.91% | 6.35% | 6.36% | 42% | 47% | |
| Gross Profitability | 34.91% | 60.01% | 51.84% | 49.73% | 45.09% | 40.02% | 25% | 56% | |
| Capex Intensity | 2.99% | 3.42% | 0.67% | 0.64% | 0.81% | 0.61% | 8% | 15% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 3 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Per share · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 9.4% vs reported ROE 9.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 531.9M | CNY 944.7M | CNY 985.5M | CNY 1.02B | CNY 922.2M | CNY 807.0M |
| YoY % | +77.6% | +4.3% | +3.3% | -9.4% | -12.5% | |
| Cost of Revenue | CNY 166.5M | CNY 284.1M | CNY 294.3M | CNY 296.9M | CNY 282.0M | CNY 259.4M |
| YoY % | +70.7% | +3.6% | +0.9% | -5.0% | -8.0% | |
| Gross Profit | CNY 365.4M | CNY 660.6M | CNY 691.2M | CNY 721.3M | CNY 640.2M | CNY 547.6M |
| YoY % | +80.8% | +4.6% | +4.4% | -11.2% | -14.5% | |
| R&D Expense | CNY 199.5M | CNY 415.3M | CNY 313.5M | CNY 257.5M | CNY 247.8M | CNY 208.4M |
| YoY % | +108.2% | -24.5% | -17.8% | -3.8% | -15.9% | |
| Selling & Marketing Expense | CNY 95.7M | CNY 202.1M | CNY 156.9M | CNY 199.5M | CNY 221.2M | CNY 181.0M |
| YoY % | +111.1% | -22.4% | +27.1% | +10.9% | -18.2% | |
| SG&A Expense | CNY 114.7M | CNY 97.4M | CNY 109.2M | CNY 104.3M | CNY 99.3M | CNY 91.4M |
| YoY % | -15.0% | +12.1% | -4.5% | -4.9% | -7.9% | |
| Total Operating Expenses | CNY 409.9M | CNY 714.9M | CNY 579.6M | CNY 561.4M | CNY 568.2M | CNY 480.9M |
| YoY % | +74.4% | -18.9% | -3.1% | +1.2% | -15.4% | |
| Operating Income | -CNY 44.5M | -CNY 54.2M | CNY 111.6M | CNY 159.9M | CNY 71.9M | CNY 66.8M |
| YoY % | +43.3% | -55.0% | -7.2% | |||
| Other Non-Operating Income | CNY 7.4M | CNY 17.1M | CNY 21.2M | CNY 42.7M | CNY 38.7M | CNY 35.0M |
| YoY % | +129.2% | +24.3% | +101.4% | -9.4% | -9.4% | |
| Impairment of Real Estate | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 |
| Pretax Income | -CNY 37.0M | -CNY 37.2M | CNY 132.8M | CNY 202.6M | CNY 110.6M | CNY 101.8M |
| YoY % | +52.6% | -45.4% | -8.0% | |||
| Income Tax | CNY 466,000 | -CNY 145,000 | CNY 23.0M | CNY 21.7M | CNY 12.0M | CNY 6.4M |
| YoY % | -5.6% | -44.6% | -46.8% | |||
| Net Income (incl. NCI) | -CNY 37.5M | -CNY 37.1M | — | — | — | — |
| Net Income | -CNY 37.5M | -CNY 37.1M | CNY 109.8M | CNY 180.9M | CNY 98.6M | CNY 95.4M |
| YoY % | +64.7% | -45.5% | -3.2% | |||
| Net Income to Common | -CNY 48.3M | -CNY 37.1M | CNY 109.8M | — | — | — |
| EPS (Basic) | -CNY 0.21 | -CNY 0.14 | CNY 0.41 | CNY 0.69 | CNY 0.38 | CNY 0.37 |
| YoY % | +68.3% | -44.9% | -2.6% | |||
| EPS (Diluted) | -CNY 0.21 | -CNY 0.14 | CNY 0.41 | CNY 0.66 | CNY 0.36 | CNY 0.36 |
| YoY % | +61.0% | -45.5% | 0.0% | |||
| Weighted Avg Shares (Basic) | 226.3M | 266.6M | 266.5M | 264.1M | 262.0M | 257.0M |
| YoY % | +17.8% | -0.0% | -0.9% | -0.8% | -1.9% | |
| Weighted Avg Shares (Diluted) | 226.3M | 266.6M | 270.2M | 273.8M | 271.2M | 267.6M |
| YoY % | +17.8% | +1.3% | +1.3% | -0.9% | -1.3% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| — |
| annual |
| licensed |
| 2025-04-17 | $0.1000 | 2025-05-15 | ir | licensed |
| 2024-03-27 | $0.1000 | — | annual | licensed |
