G 
2.12
-0.93%
Close of 9 Nov 2026, in CNY
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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¥30.89bn
FY2016FY2025
Net income
−CN¥2.35bn
FY2016FY2025
Free cash flow
CN¥2.33bn
FY2016FY2025
Shareholders' equity
CN¥10.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥30.89bn | CN¥35.79bn | CN¥36.78bn | CN¥39.58bn | CN¥42.61bn | CN¥38.45bn | CN¥33.79bn | CN¥22.17bn | CN¥14.04bn | CN¥18.03bn |
| Research and development | CN¥13.9m | CN¥7.5m | CN¥4.7m | CN¥14.6m | CN¥14.5m | CN¥19.0m | — | — | — | — |
| Operating income | CN¥5.16bn | −CN¥290.5m | CN¥1.61bn | −CN¥579.1m | CN¥5.14bn | CN¥5.68bn | CN¥5.68bn | CN¥5.20bn | CN¥3.31bn | CN¥2.72bn |
| Net income | −CN¥2.35bn | −CN¥2.98bn | −CN¥1.47bn | −CN¥2.88bn | CN¥107.5m | −CN¥386.8m | CN¥2.05bn | CN¥2.06bn | CN¥945.3m | CN¥720.2m |
| Diluted earnings per share | -0.55 | -0.69 | -0.34 | -0.67 | 0.02 | -0.10 | 0.53 | 1.16 | 0.51 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥157.02bn | CN¥178.57bn | CN¥198.06bn | CN¥214.43bn | CN¥212.73bn | CN¥199.87bn | CN¥183.18bn | CN¥91.17bn | CN¥75.75bn | CN¥61.28bn |
| Cash and short-term investments | — | CN¥27.09bn | CN¥30.08bn | CN¥36.53bn | CN¥24.89bn | CN¥31.80bn | CN¥27.65bn | CN¥12.00bn | CN¥10.28bn | CN¥13.62bn |
| Total liabilities | CN¥121.33bn | CN¥137.02bn | CN¥151.97bn | CN¥166.93bn | CN¥160.64bn | CN¥154.23bn | CN¥140.64bn | CN¥77.41bn | CN¥64.01bn | CN¥49.99bn |
| Debt | CN¥48.62bn | CN¥52.38bn | CN¥52.06bn | CN¥75.21bn | CN¥68.78bn | CN¥71.39bn | CN¥69.29bn | CN¥35.56bn | CN¥26.55bn | CN¥24.18bn |
| Shareholders' equity | CN¥10.28bn | CN¥10.60bn | CN¥13.84bn | CN¥15.40bn | CN¥18.84bn | CN¥18.35bn | CN¥19.41bn | CN¥7.86bn | CN¥6.63bn | CN¥5.89bn |
| Shares outstanding | 4,286m | 4,286m | 4,286m | 4,286m | 5,043m | 3,895m | 3,875m | 1,775m | 1,853m | 1,684m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.02bn | CN¥6.62bn | CN¥10.64bn | CN¥2.71bn | −CN¥8.46bn | CN¥9.81bn | CN¥4.06bn | −CN¥1.86bn | CN¥1.72bn | CN¥6.84bn |
| Capital spending | −CN¥693.6m | −CN¥1.52bn | −CN¥1.79bn | −CN¥1.57bn | −CN¥2.89bn | −CN¥1.62bn | −CN¥2.39bn | −CN¥50.7m | −CN¥36.4m | −CN¥195.6m |
| Free cash flow | CN¥2.33bn | CN¥5.10bn | CN¥8.85bn | CN¥1.14bn | −CN¥11.35bn | CN¥8.19bn | CN¥1.68bn | −CN¥1.91bn | CN¥1.68bn | CN¥6.64bn |
| Dividends paid | −CN¥2.49bn | −CN¥3.37bn | −CN¥4.56bn | −CN¥3.84bn | −CN¥3.97bn | −CN¥728.7m | −CN¥431.8m | −CN¥1.98bn | −CN¥1.49bn | −CN¥1.71bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.73bn | CN¥7.50bn | CN¥10.24bn | CN¥5.12bn | CN¥10.12bn | CN¥5.11bn | CN¥15.31bn | CN¥4.39bn |
| Operating income | CN¥372.2m | CN¥991.9m | CN¥1.15bn | CN¥75.5m | CN¥2.23bn | CN¥852.8m | −CN¥2.05bn | CN¥854.7m |
| Net income | −CN¥501.4m | −CN¥221.1m | −CN¥1.82bn | −CN¥641.6m | CN¥366.3m | −CN¥257.7m | −CN¥2.39bn | −CN¥223.1m |
| Diluted earnings per share | -0.12 | -0.05 | -0.42 | -0.15 | 0.09 | -0.06 | -0.56 | -0.05 |
| Cash from operations | — | — | — | −CN¥942.0m | CN¥2.04bn | CN¥643.0m | CN¥3.28bn | CN¥1.40bn |
| Capital spending | −CN¥471.0m | −CN¥332.0m | −CN¥283.0m | −CN¥121.0m | −CN¥28.0m | −CN¥259.0m | −CN¥294.0m | −CN¥359.0m |
| Free cash flow | — | — | — | −CN¥1.06bn | CN¥2.02bn | CN¥384.0m | CN¥2.99bn | CN¥1.04bn |
| Total assets | CN¥150.94bn | CN¥151.84bn | CN¥157.02bn | CN¥167.28bn | CN¥169.39bn | CN¥177.50bn | CN¥178.57bn | CN¥190.86bn |
| Cash and short-term investments | — | — | — | CN¥22.44bn | CN¥24.04bn | CN¥27.00bn | CN¥27.09bn | CN¥26.34bn |
| Debt | CN¥51.27bn | CN¥50.74bn | CN¥48.62bn | CN¥15.17bn | CN¥45.98bn | CN¥54.06bn | CN¥51.93bn | CN¥56.69bn |
| Shareholders' equity | CN¥9.86bn | CN¥10.23bn | CN¥10.28bn | CN¥10.13bn | CN¥10.78bn | CN¥10.35bn | CN¥10.60bn | CN¥13.15bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 16.7% | -0.8% | 4.4% | -1.5% | 12.1% | 14.8% |
| Net margin | -7.6% | -8.3% | -4.0% | -7.3% | 0.3% | -1.0% |
| Return on equity | -22.9% | -28.1% | -10.6% | -18.7% | 0.6% | -2.1% |
| Return on assets | -1.5% | -1.7% | -0.7% | -1.3% | 0.1% | -0.2% |
| Free cash flow yield | 35.2% | 77.1% | 117.9% | 40.6% | -45.0% | 119.3% |
| Revenue growth | -13.7% | -2.7% | -7.1% | -7.1% | 10.8% | 13.8% |
| Earnings growth | -21.0% | 103.1% | -49.2% | -2781.4% | -127.8% | -118.9% |
| Current ratio | 1.50x | 1.54x | 1.51x | 1.52x | 1.53x | 1.52x |
| Debt to equity | 4.73x | 4.90x | 3.74x | 4.85x | 3.62x | 3.86x |
| Equity ratio | 6.5% | 5.9% | 7.0% | 7.2% | 8.9% | 9.2% |
| Interest coverage | 2.31x | -0.11x | 0.56x | -0.22x | 2.36x | 2.39x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 15.0% | -29.5% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.9% | -4.3% | 8.5% |
| Operating income | — | -1.9% | 15.0% |
| Net income | -6.6% | 43.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.3% | 4.1% | 7.5% | 10.7% |
| Net margin | -8.0% | -6.8% | -4.4% | -1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | -4.4 | -8.7 | -5.6 | 175.0 | -44.3 | 13.6 | 4.2 | 15.7 | 20.9 |
| Price to sales | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.5 | 0.8 | 0.4 | 1.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.17 | 0.11 | 0.055 | 0.04 | 0.04 | 0.035 | 0.03 | 0.03 |
- 2-for-1 split · 23 Jul 2008
- 3-for-2 split · 18 May 2006
- 1-to-1 reverse split · 14 Feb 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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