J 
10.20
-2.02%
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¥125.59bn
FY2016FY2025
Net income
CN¥133.7m
FY2016FY2025
Free cash flow
CN¥7.39bn
FY2016FY2025
Shareholders' equity
CN¥34.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥125.59bn | CN¥137.67bn | CN¥140.44bn | CN¥63.87bn | CN¥52.69bn | CN¥33.70bn | CN¥24.89bn | CN¥23.26bn | CN¥16.30bn | CN¥793.1m |
| Research and development | CN¥969.3m | CN¥832.0m | CN¥671.3m | CN¥1.60bn | CN¥1.43bn | CN¥1.01bn | CN¥749.2m | CN¥703.7m | CN¥157.0m | — |
| Operating income | CN¥4.03bn | CN¥1.23bn | CN¥3.75bn | CN¥1.93bn | CN¥7.04bn | CN¥1.59bn | CN¥2.18bn | CN¥1.47bn | CN¥1.78bn | CN¥203.9m |
| Net income | CN¥133.7m | −CN¥2.30bn | CN¥717.0m | CN¥611.0m | CN¥4.57bn | CN¥766.6m | CN¥1.61bn | CN¥965.3m | CN¥1.43bn | CN¥147.4m |
| Diluted earnings per share | 0.02 | -0.35 | 0.10 | 0.10 | 0.73 | 0.18 | 0.41 | 0.25 | 1.17 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥205.23bn | CN¥204.31bn | CN¥190.21bn | CN¥170.78bn | CN¥132.05bn | CN¥84.03bn | CN¥35.04bn | CN¥29.65bn | CN¥13.50bn | CN¥4.97bn |
| Cash and short-term investments | — | CN¥13.74bn | CN¥10.09bn | CN¥12.49bn | CN¥13.54bn | CN¥19.12bn | CN¥6.01bn | CN¥5.11bn | CN¥2.03bn | CN¥744.0m |
| Total liabilities | CN¥167.02bn | CN¥166.84bn | CN¥154.72bn | CN¥134.43bn | CN¥102.60bn | CN¥53.88bn | CN¥19.74bn | CN¥13.94bn | CN¥6.90bn | CN¥1.50bn |
| Debt | — | CN¥144.82bn | CN¥130.15bn | CN¥110.25bn | CN¥79.79bn | CN¥33.00bn | CN¥14.87bn | CN¥9.58bn | CN¥318.0m | CN¥597.0m |
| Shareholders' equity | CN¥34.11bn | CN¥34.03bn | CN¥35.45bn | CN¥36.30bn | CN¥27.65bn | CN¥24.04bn | CN¥14.02bn | CN¥15.70bn | CN¥6.60bn | CN¥3.46bn |
| Shares outstanding | 6,611m | 6,611m | 6,934m | 6,120m | 6,258m | 4,320m | 3,923m | 3,878m | 1,220m | 1,217m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥16.05bn | CN¥10.47bn | CN¥8.34bn | CN¥1.74bn | CN¥5.33bn | CN¥3.98bn | CN¥5.22bn | CN¥2.11bn | CN¥1.31bn | CN¥855.6m |
| Capital spending | −CN¥8.66bn | −CN¥12.70bn | −CN¥23.77bn | −CN¥31.37bn | −CN¥41.72bn | −CN¥16.78bn | −CN¥6.03bn | −CN¥1.46bn | −CN¥178.8m | −CN¥489.8m |
| Free cash flow | CN¥7.39bn | −CN¥2.23bn | −CN¥15.42bn | −CN¥29.62bn | −CN¥36.38bn | −CN¥12.80bn | −CN¥810.3m | CN¥651.6m | CN¥1.13bn | CN¥365.8m |
| Dividends paid | −CN¥4.34bn | −CN¥5.44bn | −CN¥5.20bn | −CN¥892.0m | −CN¥1.05bn | −CN¥969.0m | −CN¥402.9m | −CN¥121.8m | −CN¥948.7m | −CN¥60.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥37.90bn | CN¥32.02bn | CN¥33.43bn | CN¥31.25bn | CN¥30.61bn | CN¥30.31bn | CN¥29.37bn | CN¥35.47bn |
| Operating income | CN¥5.43bn | CN¥2.80bn | CN¥629.7m | CN¥506.1m | −CN¥90.8m | CN¥1.45bn | −CN¥1.45bn | −CN¥152.6m |
| Net income | CN¥3.07bn | CN¥1.43bn | CN¥7.3m | −CN¥259.8m | CN¥45.1m | CN¥341.2m | −CN¥877.8m | −CN¥1.74bn |
| Diluted earnings per share | 0.46 | 0.22 | 0.00 | -0.04 | 0.01 | 0.05 | -0.13 | -0.26 |
| Cash from operations | — | — | — | CN¥8.98bn | CN¥5.50bn | −CN¥2.69bn | CN¥7.12bn | CN¥1.33bn |
| Capital spending | −CN¥1.69bn | −CN¥1.54bn | −CN¥1.97bn | −CN¥2.90bn | −CN¥1.66bn | −CN¥2.12bn | −CN¥2.42bn | −CN¥3.47bn |
| Free cash flow | — | — | — | CN¥6.07bn | CN¥3.84bn | −CN¥4.81bn | CN¥4.70bn | −CN¥2.14bn |
| Total assets | CN¥208.63bn | CN¥210.36bn | CN¥205.23bn | CN¥212.80bn | CN¥213.33bn | CN¥214.81bn | CN¥204.31bn | CN¥208.03bn |
| Cash and short-term investments | — | — | — | CN¥17.72bn | CN¥15.47bn | CN¥16.12bn | CN¥13.74bn | CN¥14.56bn |
| Debt | CN¥52.11bn | CN¥55.82bn | CN¥63.17bn | CN¥78.78bn | CN¥122.15bn | CN¥125.09bn | CN¥118.24bn | CN¥129.89bn |
| Shareholders' equity | CN¥38.79bn | CN¥35.64bn | CN¥34.11bn | CN¥34.33bn | CN¥34.54bn | CN¥34.57bn | CN¥34.03bn | CN¥33.29bn |
Financial ratios
Data as of 12 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 3.2% | 0.9% | 2.7% | 3.0% | 13.4% | 4.7% |
| Net margin | 0.1% | -1.7% | 0.5% | 1.0% | 8.7% | 2.3% |
| Return on equity | 0.4% | -6.7% | 2.0% | 1.7% | 16.5% | 3.2% |
| Return on assets | 0.1% | -1.1% | 0.4% | 0.4% | 3.5% | 0.9% |
| Free cash flow yield | 27.9% | 26.2% | 34.6% | 40.4% | 56.2% | 35.9% |
| Revenue growth | -8.8% | -2.0% | 119.9% | 21.2% | 56.4% | 35.4% |
| Earnings growth | -105.8% | -420.3% | 17.4% | -86.6% | 496.7% | -52.5% |
| Current ratio | 0.40x | 0.40x | 0.40x | 0.60x | 0.63x | 1.06x |
| Debt to equity | 1.85x | 3.47x | 3.07x | 2.66x | 2.46x | 1.14x |
| Equity ratio | 16.6% | 16.7% | 18.6% | 21.3% | 20.9% | 28.6% |
| Interest coverage | 0.87x | 0.24x | 1.02x | 0.89x | 5.83x | 1.57x |
| R&D as a share of sales | 0.8% | 0.6% | 0.5% | 2.5% | 2.7% | 3.0% |
| Buybacks as a share of market value | -0.0% | 4.7% | -13.3% | 2.2% | -44.8% | -10.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.3% | 30.1% | 68.8% |
| Operating income | 27.8% | 20.4% | 32.7% |
| Net income | -39.7% | -29.5% | -2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.0% | 2.3% | 3.5% | 4.1% |
| Net margin | -0.8% | -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 | — | -23.6 | 92.8 | 130.6 | 26.4 | 53.4 | 12.6 | 21.9 | 4.5 | 44.2 |
| Price to sales | 0.6 | 0.4 | 0.5 | 1.3 | 2.3 | 1.2 | 0.8 | 0.9 | 0.4 | 8.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.15 | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 |
- 1-to-1 reverse split · 24 May 2007
- 17-for-10 split · 31 Oct 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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