11.13
-0.27%
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.
Net income
−CN¥127.1m
FY2016FY2025
Free cash flow
−CN¥679.2m
FY2016FY2025
Shareholders' equity
CN¥7.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥4.77bn | CN¥6.83bn | CN¥6.33bn | CN¥5.81bn | CN¥5.26bn | CN¥4.20bn | CN¥3.16bn | CN¥2.10bn | CN¥325.8m | CN¥249.0m |
| Research and development | CN¥1.41bn | CN¥2.07bn | CN¥1.84bn | CN¥1.53bn | CN¥1.06bn | CN¥721.1m | CN¥478.9m | CN¥322.4m | CN¥33.2m | CN¥32.8m |
| Operating income | CN¥802.3m | CN¥1.56bn | CN¥1.48bn | CN¥1.51bn | CN¥1.62bn | CN¥1.29bn | CN¥1.06bn | CN¥619.4m | CN¥58.9m | CN¥51.2m |
| Net income | −CN¥127.1m | CN¥329.7m | CN¥329.6m | −CN¥158.4m | CN¥387.0m | CN¥213.7m | CN¥245.6m | CN¥107.0m | CN¥37.3m | CN¥60.7m |
| Diluted earnings per share | -0.11 | 0.29 | 0.29 | -0.14 | 0.35 | 0.30 | 0.59 | 0.26 | 0.09 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥73.05bn | CN¥70.31bn | CN¥56.52bn | CN¥52.84bn | CN¥45.93bn | CN¥36.17bn | CN¥2.34bn | CN¥2.15bn | CN¥2.19bn | CN¥1.96bn |
| Cash and short-term investments | — | CN¥12.25bn | CN¥10.15bn | CN¥9.62bn | CN¥8.41bn | CN¥6.89bn | CN¥1.03bn | CN¥1.02bn | CN¥948.4m | CN¥733.0m |
| Total liabilities | CN¥59.71bn | CN¥57.91bn | CN¥44.64bn | CN¥42.72bn | CN¥36.22bn | CN¥28.96bn | CN¥684.0m | CN¥637.4m | CN¥521.2m | CN¥405.8m |
| Debt | CN¥8.32bn | CN¥8.22bn | CN¥7.57bn | CN¥7.75bn | CN¥5.32bn | CN¥5.95bn | CN¥60.1m | CN¥33.6m | CN¥31.1m | CN¥29.7m |
| Shareholders' equity | CN¥7.46bn | CN¥6.49bn | CN¥6.49bn | CN¥5.57bn | CN¥6.20bn | CN¥2.87bn | CN¥1.47bn | CN¥1.37bn | CN¥1.50bn | CN¥1.44bn |
| Shares outstanding | 1,139m | 1,138m | 1,138m | 1,139m | 1,091m | 710m | 413m | 413m | 423m | 422m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥296.6m | CN¥820.8m | CN¥655.3m | −CN¥246.9m | CN¥285.9m | CN¥1.40bn | CN¥73.7m | CN¥206.1m | CN¥133.8m | CN¥78.6m |
| Capital spending | −CN¥382.7m | −CN¥534.7m | −CN¥655.4m | −CN¥640.8m | −CN¥582.5m | −CN¥2.9m | −CN¥21.0m | −CN¥8.7m | −CN¥13.8m | −CN¥9.4m |
| Free cash flow | −CN¥679.2m | CN¥286.1m | −CN¥73,000 | −CN¥887.6m | −CN¥296.7m | CN¥1.40bn | CN¥52.7m | CN¥197.4m | CN¥120.0m | CN¥69.2m |
| Dividends paid | −CN¥474.7m | −CN¥537.3m | −CN¥522.1m | −CN¥504.6m | −CN¥349.9m | −CN¥33.0m | −CN¥33.0m | −CN¥7.9m | −CN¥8.4m | −CN¥10.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥982.4m | CN¥850.8m | CN¥2.13bn | CN¥484.3m | CN¥1.10bn | CN¥1.06bn | CN¥2.41bn | CN¥1.20bn |
| Operating income | CN¥160.3m | CN¥92.4m | CN¥1.16bn | −CN¥266.7m | CN¥98.3m | CN¥200.1m | CN¥963.9m | −CN¥35.7m |
| Net income | −CN¥126.0m | −CN¥82.4m | CN¥171.8m | −CN¥201.3m | −CN¥63.4m | −CN¥34.1m | CN¥456.3m | −CN¥88.7m |
| Diluted earnings per share | -0.11 | -0.07 | 0.15 | -0.18 | -0.06 | -0.03 | 0.40 | -0.08 |
| Cash from operations | — | — | — | −CN¥200.0m | −CN¥2.55bn | −CN¥1.91bn | CN¥3.18bn | CN¥478.0m |
| Capital spending | −CN¥23.0m | −CN¥105.0m | −CN¥159.0m | −CN¥36.0m | −CN¥58.0m | −CN¥128.0m | −CN¥252.0m | −CN¥113.0m |
| Free cash flow | — | — | — | −CN¥236.0m | −CN¥2.60bn | −CN¥2.04bn | CN¥2.93bn | CN¥365.0m |
| Total assets | CN¥72.25bn | CN¥73.31bn | CN¥73.05bn | CN¥67.22bn | CN¥67.91bn | CN¥68.05bn | CN¥70.31bn | CN¥65.80bn |
| Cash and short-term investments | — | — | — | CN¥8.28bn | CN¥8.12bn | CN¥10.41bn | CN¥12.25bn | CN¥9.34bn |
| Debt | CN¥7.71bn | CN¥8.21bn | CN¥8.32bn | CN¥9.81bn | CN¥9.44bn | CN¥9.38bn | CN¥8.10bn | CN¥8.66bn |
| Shareholders' equity | CN¥7.24bn | CN¥7.39bn | CN¥7.46bn | CN¥6.12bn | CN¥6.25bn | CN¥6.46bn | CN¥6.49bn | CN¥6.06bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.7% | 10.1% | 11.2% | 11.4% | 11.9% | 13.1% |
| Operating margin | 1.6% | 2.3% | 2.6% | 3.0% | 3.7% | 4.0% |
| Net margin | -0.3% | 0.5% | 0.6% | -0.3% | 0.9% | 0.7% |
| Return on equity | -1.7% | 5.1% | 5.1% | -2.8% | 6.2% | 7.4% |
| Return on assets | -0.2% | 0.5% | 0.6% | -0.3% | 0.8% | 0.6% |
| Free cash flow yield | 0.5% | 8.4% | 8.1% | 2.4% | 5.6% | 13.9% |
| Revenue growth | -27.0% | 19.7% | 10.2% | 15.7% | 37.7% | 19.9% |
| Earnings growth | -138.5% | 0.0% | -308.1% | -140.9% | 81.1% | -13.0% |
| Current ratio | 1.25x | 1.21x | 1.23x | 1.20x | 1.17x | 1.19x |
| Debt to equity | 1.11x | 1.25x | 1.13x | 1.36x | 0.82x | 2.05x |
| Equity ratio | 10.2% | 9.2% | 11.5% | 10.5% | 13.5% | 7.9% |
| Interest coverage | 2.05x | 2.89x | 2.79x | 3.36x | 4.07x | 3.78x |
| R&D as a share of sales | 2.9% | 3.1% | 3.3% | 3.0% | 2.4% | 2.2% |
| Buybacks as a share of market value | -0.0% | -0.0% | 0.1% | -4.4% | -53.7% | -71.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 8.9% | 38.0% |
| Operating income | -18.9% | -9.0% | 38.5% |
| Net income | -7.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.0% | 10.6% | 11.1% | 11.1% |
| Operating margin | 2.0% | 2.4% | 2.8% | 2.9% |
| Net margin | 0.2% | 0.2% | 0.3% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -173.4 | 60.9 | 73.1 | -144.9 | 58.5 | 59.5 | 23.9 | 27.1 | 113.8 | 103.9 |
| Price to sales | 0.5 | 0.3 | 0.4 | 0.5 | 0.5 | 0.4 | 0.2 | 0.1 | 2.3 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.12 | 0.11 | 0.08 | 0.10 | 0.08 | 0.08 | 0.02 |
- 6-for-5 split · 16 Jun 2016
- 6-for-5 split · 27 Jun 2008
- 1-to-1 reverse split · 7 Feb 2006
- 13-for-10 split · 13 Jun 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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