N 
4.49
-1.97%
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¥41.76bn
FY2016FY2025
Net income
−CN¥1.76bn
FY2016FY2025
Free cash flow
−CN¥3.08bn
FY2016FY2025
Shareholders' equity
CN¥9.68bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥41.76bn | CN¥34.60bn | CN¥46.14bn | CN¥49.06bn | CN¥38.65bn | CN¥30.44bn | CN¥39.61bn | CN¥37.04bn | CN¥33.71bn | CN¥29.10bn |
| Gross profit | CN¥5.05bn | CN¥1.91bn | CN¥6.61bn | CN¥7.71bn | CN¥7.26bn | CN¥3.13bn | CN¥4.95bn | CN¥5.55bn | CN¥7.09bn | CN¥7.36bn |
| Research and development | CN¥129.8m | CN¥175.8m | CN¥159.5m | CN¥144.5m | CN¥124.7m | CN¥112.0m | CN¥100.2m | CN¥90.4m | CN¥89.9m | CN¥77.3m |
| Operating income | −CN¥1.40bn | −CN¥2.90bn | CN¥318.6m | CN¥1.05bn | CN¥1.56bn | CN¥724.4m | CN¥1.67bn | CN¥1.47bn | CN¥2.59bn | CN¥2.26bn |
| Net income | −CN¥1.76bn | −CN¥2.79bn | CN¥70.3m | CN¥529.2m | CN¥942.4m | CN¥324.5m | CN¥993.0m | CN¥1.14bn | CN¥1.85bn | CN¥1.80bn |
| Diluted earnings per share | -1.10 | -1.75 | 0.04 | 0.33 | 0.59 | 0.20 | 0.62 | 0.72 | 1.15 | 1.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥24.83bn | CN¥28.07bn | CN¥31.89bn | CN¥32.63bn | CN¥32.12bn | CN¥27.90bn | CN¥29.36bn | CN¥32.46bn | CN¥30.97bn | CN¥31.37bn |
| Cash and short-term investments | — | CN¥8.08bn | CN¥9.43bn | CN¥10.04bn | CN¥9.57bn | CN¥7.77bn | CN¥7.22bn | CN¥8.65bn | CN¥6.33bn | CN¥4.10bn |
| Total liabilities | CN¥14.47bn | CN¥15.95bn | CN¥16.91bn | CN¥17.53bn | CN¥17.23bn | CN¥13.79bn | CN¥15.21bn | CN¥18.73bn | CN¥18.30bn | CN¥20.29bn |
| Debt | CN¥4.32bn | CN¥8.14bn | CN¥10.84bn | CN¥11.85bn | CN¥11.53bn | CN¥11.42bn | CN¥12.51bn | CN¥13.84bn | CN¥14.10bn | CN¥15.93bn |
| Shareholders' equity | CN¥9.68bn | CN¥11.48bn | CN¥14.29bn | CN¥14.43bn | CN¥14.28bn | CN¥13.54bn | CN¥13.61bn | CN¥13.17bn | CN¥12.16bn | CN¥10.67bn |
| Shares outstanding | 1,599m | 1,599m | 1,599m | 1,616m | 1,599m | 1,599m | 1,600m | 1,600m | 1,599m | 1,599m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥2.57bn | CN¥459.7m | CN¥970.2m | CN¥1.75bn | CN¥2.80bn | CN¥2.81bn | CN¥2.72bn | CN¥2.37bn | CN¥2.97bn | CN¥4.22bn |
| Capital spending | −CN¥513.6m | −CN¥977.1m | −CN¥317.9m | −CN¥205.2m | −CN¥364.5m | −CN¥326.5m | −CN¥218.4m | −CN¥392.0m | −CN¥525.7m | −CN¥973.4m |
| Free cash flow | −CN¥3.08bn | −CN¥517.5m | CN¥652.3m | CN¥1.55bn | CN¥2.44bn | CN¥2.49bn | CN¥2.51bn | CN¥1.98bn | CN¥2.44bn | CN¥3.25bn |
| Dividends paid | −CN¥298.9m | −CN¥295.2m | −CN¥514.6m | −CN¥348.7m | −CN¥585.3m | −CN¥375.9m | −CN¥399.9m | −CN¥509.1m | −CN¥1.00bn | −CN¥725.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.14bn | CN¥8.37bn | CN¥11.47bn | CN¥10.19bn | CN¥10.94bn | CN¥9.16bn | CN¥10.10bn | CN¥3.34bn |
| Gross profit | CN¥1.88bn | CN¥1.50bn | CN¥1.56bn | CN¥1.30bn | CN¥997.8m | CN¥1.08bn | −CN¥329.7m | CN¥185.3m |
| Operating income | CN¥606.4m | CN¥168.2m | −CN¥163.7m | −CN¥337.8m | −CN¥634.7m | −CN¥293.7m | −CN¥924.7m | −CN¥1.26bn |
| Net income | CN¥320.8m | CN¥44.4m | −CN¥369.7m | −CN¥404.5m | −CN¥647.2m | −CN¥342.0m | −CN¥905.5m | −CN¥1.15bn |
| Diluted earnings per share | 0.20 | 0.03 | -0.23 | -0.25 | -0.40 | -0.21 | -0.57 | -0.72 |
| Cash from operations | — | — | — | −CN¥760.0m | CN¥2.47bn | −CN¥5.52bn | CN¥3.88bn | −CN¥364.0m |
| Capital spending | −CN¥84.0m | −CN¥40.0m | −CN¥194.0m | −CN¥74.0m | −CN¥98.0m | −CN¥146.0m | −CN¥531.0m | −CN¥353.0m |
| Free cash flow | — | — | — | −CN¥834.0m | CN¥2.37bn | −CN¥5.66bn | CN¥3.35bn | −CN¥717.0m |
| Total assets | CN¥24.96bn | CN¥26.57bn | CN¥24.83bn | CN¥24.47bn | CN¥27.37bn | CN¥28.49bn | CN¥28.07bn | CN¥27.25bn |
| Cash and short-term investments | — | — | — | CN¥3.33bn | CN¥6.49bn | CN¥4.57bn | CN¥8.08bn | CN¥4.90bn |
| Debt | CN¥7.34bn | CN¥4.96bn | CN¥4.32bn | CN¥7.53bn | CN¥7.10bn | CN¥8.48bn | CN¥7.62bn | CN¥10.12bn |
| Shareholders' equity | CN¥10.09bn | CN¥9.75bn | CN¥9.68bn | CN¥10.08bn | CN¥10.48bn | CN¥11.15bn | CN¥11.48bn | CN¥12.41bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | 6.5% | 3.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.1% | 12.4% | 13.2% | 14.7% |
| Operating margin | -5.6% | -1.7% | -0.3% | 1.9% |
| Net margin | -6.0% | -2.3% | -1.1% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -2.7 | 124.9 | 20.8 | 12.4 | 27.2 | 9.8 | 8.3 | 8.3 | 10.6 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 19 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.014 | 0.132 | 0.218 | 0.079 | 0.235 | 0.25 | 0.224 |
- 1-to-1 reverse split · 25 Oct 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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