X 
4.57
-3.59%
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¥1.99bn
FY2016FY2025
Net income
CN¥38.0m
FY2016FY2025
Free cash flow
−CN¥247.0m
FY2016FY2025
Shareholders' equity
CN¥2.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.99bn | CN¥2.58bn | CN¥4.51bn | CN¥1.61bn | CN¥1.12bn | CN¥552.7m | CN¥430.8m | CN¥551.4m | CN¥356.0m | CN¥523.8m |
| Gross profit | CN¥244.9m | CN¥248.7m | CN¥272.1m | CN¥153.2m | CN¥100.2m | CN¥80.0m | CN¥34.2m | CN¥113.5m | CN¥30.4m | CN¥89.9m |
| Research and development | CN¥28.5m | CN¥31.5m | CN¥36.7m | CN¥27.1m | CN¥18.0m | CN¥6.6m | CN¥6.8m | CN¥7.9m | CN¥342,484 | CN¥342,484 |
| Operating income | CN¥102.7m | −CN¥490.1m | CN¥119.8m | CN¥362.3m | CN¥4.5m | CN¥99.3m | CN¥33.9m | CN¥97.4m | −CN¥71.9m | CN¥49.4m |
| Net income | CN¥38.0m | −CN¥438.8m | CN¥80.8m | CN¥297.9m | CN¥27.7m | CN¥88.7m | CN¥30.4m | CN¥59.9m | −CN¥66.3m | CN¥35.2m |
| Diluted earnings per share | 0.08 | -0.91 | 0.17 | 0.62 | 0.06 | 0.18 | 0.06 | 0.12 | -0.14 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.65bn | CN¥3.43bn | CN¥3.71bn | CN¥3.08bn | CN¥3.69bn | CN¥2.68bn | CN¥2.82bn | CN¥2.74bn | CN¥3.04bn | CN¥3.12bn |
| Cash and short-term investments | — | CN¥515.9m | CN¥325.2m | CN¥135.4m | CN¥113.3m | CN¥57.1m | CN¥488.3m | CN¥576.9m | CN¥732.8m | CN¥754.2m |
| Total liabilities | CN¥1.59bn | CN¥1.40bn | CN¥1.27bn | CN¥465.8m | CN¥1.43bn | CN¥485.4m | CN¥632.8m | CN¥598.6m | CN¥943.1m | CN¥912.2m |
| Debt | CN¥21.0m | CN¥671.9m | CN¥407.9m | CN¥229.8m | CN¥627.1m | CN¥351.1m | CN¥347.1m | CN¥300.1m | CN¥466.9m | CN¥420.0m |
| Shareholders' equity | CN¥2.06bn | CN¥2.02bn | CN¥2.44bn | CN¥2.53bn | CN¥2.22bn | CN¥2.21bn | CN¥2.20bn | CN¥2.15bn | CN¥2.08bn | CN¥2.19bn |
| Shares outstanding | 481m | 480m | 480m | 481m | 482m | 480m | 483m | 482m | 481m | 484m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥96.4m | CN¥447.8m | −CN¥41.5m | −CN¥326.2m | CN¥10.7m | −CN¥46.6m | −CN¥94.4m | −CN¥9.1m | −CN¥29.6m | −CN¥33.6m |
| Capital spending | −CN¥150.5m | −CN¥369.9m | −CN¥33.9m | −CN¥13.4m | −CN¥6.7m | −CN¥13.5m | −CN¥34.8m | −CN¥24.8m | −CN¥12.2m | −CN¥26.2m |
| Free cash flow | −CN¥247.0m | CN¥77.9m | −CN¥75.4m | −CN¥339.6m | CN¥4.1m | −CN¥60.1m | −CN¥129.2m | −CN¥34.0m | −CN¥41.7m | −CN¥59.8m |
| Dividends paid | −CN¥41.2m | −CN¥35.1m | −CN¥20.5m | −CN¥28.4m | −CN¥9.6m | −CN¥9.6m | −CN¥14.4m | −CN¥21.8m | −CN¥54.4m | −CN¥50.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥472.3m | CN¥450.1m | CN¥684.3m | CN¥355.5m | CN¥587.2m | CN¥358.6m | CN¥143.9m | CN¥542.5m |
| Gross profit | CN¥68.2m | CN¥54.2m | CN¥104.0m | CN¥35.2m | CN¥57.1m | CN¥47.7m | CN¥83.3m | CN¥72.4m |
| Operating income | CN¥39.4m | CN¥27.1m | CN¥59.0m | CN¥7.6m | CN¥22.3m | CN¥12.8m | CN¥15.9m | −CN¥461.3m |
| Net income | CN¥8.0m | CN¥7.3m | CN¥17.9m | −CN¥4.7m | CN¥16.2m | CN¥8.6m | CN¥13.3m | −CN¥473.2m |
| Diluted earnings per share | 0.02 | 0.02 | 0.04 | -0.01 | 0.03 | 0.02 | 0.03 | -0.99 |
| Cash from operations | — | — | — | −CN¥117.0m | CN¥47.0m | −CN¥87.0m | CN¥494.0m | CN¥76.0m |
| Capital spending | −CN¥3.0m | −CN¥80.0m | −CN¥126.0m | −CN¥14.0m | −CN¥3.0m | −CN¥6.0m | −CN¥354.0m | −CN¥7.0m |
| Free cash flow | — | — | — | −CN¥131.0m | CN¥44.0m | −CN¥93.0m | CN¥140.0m | CN¥69.0m |
| Total assets | CN¥4.07bn | CN¥3.68bn | CN¥3.65bn | CN¥3.60bn | CN¥3.51bn | CN¥3.46bn | CN¥3.43bn | CN¥3.55bn |
| Cash and short-term investments | — | — | — | CN¥619.5m | CN¥650.7m | CN¥440.0m | CN¥515.9m | CN¥378.0m |
| Debt | — | CN¥27.0m | CN¥21.0m | CN¥1.08bn | CN¥748.4m | CN¥653.4m | CN¥612.9m | CN¥588.4m |
| Shareholders' equity | CN¥2.06bn | CN¥2.06bn | CN¥2.06bn | CN¥2.04bn | CN¥2.04bn | CN¥2.03bn | CN¥2.02bn | CN¥2.01bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.3% | 9.7% | 6.0% | 9.5% | 9.0% | 14.5% |
| Operating margin | 5.2% | -15.1% | 2.7% | 23.9% | 13.0% | 23.1% |
| Net margin | 1.9% | -17.0% | 1.8% | 18.5% | 2.5% | 16.0% |
| Return on equity | 1.8% | -21.7% | 3.3% | 11.8% | 1.2% | 4.0% |
| Return on assets | 1.0% | -12.8% | 2.2% | 9.7% | 0.7% | 3.3% |
| Free cash flow yield | 2.2% | 33.6% | -0.3% | -12.8% | 0.7% | -1.4% |
| Revenue growth | -22.9% | -42.9% | 180.2% | 44.0% | 102.5% | 28.3% |
| Earnings growth | -108.7% | -643.0% | -72.9% | 976.8% | -68.8% | 191.7% |
| Current ratio | 1.14x | 1.22x | 1.81x | 4.03x | 1.09x | 3.78x |
| Debt to equity | 0.01x | 0.30x | 0.15x | 0.06x | 0.26x | 0.16x |
| Equity ratio | 56.4% | 59.0% | 65.7% | 82.1% | 60.2% | 82.5% |
| Interest coverage | 2.09x | -8.24x | 4.82x | 15.75x | 4.78x | 4.49x |
| R&D as a share of sales | 1.4% | 1.2% | 0.8% | 1.7% | 1.6% | 1.2% |
| Buybacks as a share of market value | -0.1% | 0.1% | 0.1% | 0.3% | -0.5% | 0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.2% | 29.2% | 11.3% |
| Operating income | -34.3% | 0.7% | 2.9% |
| Net income | -49.7% | -15.6% | -3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.8% | 8.6% | 8.9% | 10.1% |
| Operating margin | -8.5% | 0.9% | 1.6% | 2.6% |
| Net margin | -8.8% | -0.2% | 0.8% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 73.2 | -6.6 | 38.6 | 11.2 | 113.9 | 27.7 | 90.3 | 34.0 | -38.2 | 116.8 |
| Price to sales | 1.4 | 1.1 | 0.7 | 2.1 | 2.8 | 4.5 | 6.4 | 3.7 | 7.1 | 7.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.03 | 0.06 | 0.06 | 0.06 | 0.06 | 0.065 |
- 2-for-1 split · 3 Aug 2010
- 1-to-1 reverse split · 20 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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