B 
4.66
-2.71%
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¥52.92bn
FY2016FY2025
Net income
−CN¥405.9m
FY2016FY2025
Free cash flow
−CN¥21.2m
FY2016FY2025
Shareholders' equity
CN¥29.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥52.92bn | CN¥38.43bn | CN¥33.67bn | CN¥31.92bn | CN¥26.79bn | CN¥27.42bn | CN¥38.80bn | CN¥41.29bn | CN¥35.93bn | CN¥24.26bn |
| Gross profit | CN¥25.35bn | CN¥15.59bn | CN¥14.61bn | CN¥11.97bn | CN¥10.36bn | CN¥9.52bn | CN¥14.42bn | CN¥15.10bn | CN¥14.77bn | CN¥8.88bn |
| Operating income | CN¥11.94bn | CN¥12.09bn | CN¥2.73bn | CN¥6.07bn | −CN¥1.58bn | −CN¥1.89bn | CN¥3.78bn | CN¥2.71bn | CN¥4.09bn | CN¥6.93bn |
| Net income | −CN¥405.9m | CN¥903.9m | CN¥1.28bn | −CN¥1.99bn | −CN¥1.23bn | −CN¥7.70bn | CN¥1.85bn | CN¥2.28bn | CN¥2.63bn | CN¥2.28bn |
| Diluted earnings per share | -0.07 | 0.15 | 0.21 | -0.32 | -0.20 | -1.26 | 0.30 | 0.37 | 0.43 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥249.87bn | CN¥286.40bn | CN¥261.54bn | CN¥263.64bn | CN¥248.23bn | CN¥250.75bn | CN¥265.54bn | CN¥285.82bn | CN¥300.39bn | CN¥216.63bn |
| Cash and short-term investments | — | CN¥26.55bn | CN¥7.34bn | CN¥7.06bn | CN¥7.32bn | CN¥18.07bn | CN¥8.17bn | CN¥11.29bn | CN¥26.66bn | CN¥19.38bn |
| Total liabilities | CN¥203.04bn | CN¥237.63bn | CN¥215.93bn | CN¥220.37bn | CN¥208.35bn | CN¥209.20bn | CN¥210.96bn | CN¥230.73bn | CN¥264.98bn | CN¥178.90bn |
| Debt | CN¥156.66bn | CN¥193.10bn | CN¥150.86bn | CN¥170.33bn | CN¥163.46bn | CN¥161.34bn | CN¥168.20bn | CN¥164.47bn | CN¥211.74bn | CN¥150.90bn |
| Shareholders' equity | CN¥29.44bn | CN¥31.47bn | CN¥29.60bn | CN¥27.73bn | CN¥25.59bn | CN¥27.17bn | CN¥37.75bn | CN¥35.74bn | CN¥31.64bn | CN¥31.15bn |
| Shares outstanding | 6,185m | 6,183m | 6,185m | 6,185m | 6,173m | 6,126m | 6,180m | 6,184m | 6,183m | 6,186m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥23.32bn | CN¥25.47bn | CN¥25.60bn | CN¥21.01bn | CN¥16.09bn | CN¥14.45bn | CN¥19.88bn | CN¥20.43bn | CN¥21.02bn | CN¥13.94bn |
| Capital spending | −CN¥23.35bn | −CN¥18.62bn | −CN¥16.66bn | −CN¥15.43bn | −CN¥24.61bn | −CN¥15.23bn | −CN¥21.27bn | −CN¥18.02bn | −CN¥42.51bn | −CN¥61.43bn |
| Free cash flow | −CN¥21.2m | CN¥6.84bn | CN¥8.94bn | CN¥5.58bn | −CN¥8.52bn | −CN¥780.5m | −CN¥1.40bn | CN¥2.42bn | −CN¥21.49bn | −CN¥47.48bn |
| Dividends paid | −CN¥10.12bn | −CN¥9.80bn | −CN¥9.08bn | −CN¥6.85bn | −CN¥7.05bn | −CN¥7.15bn | −CN¥8.47bn | −CN¥10.08bn | −CN¥8.68bn | −CN¥4.16bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.71bn | CN¥8.95bn | CN¥12.64bn | CN¥11.82bn | CN¥11.34bn | CN¥17.12bn | CN¥13.34bn | CN¥8.91bn |
| Gross profit | CN¥4.08bn | CN¥3.87bn | CN¥3.83bn | CN¥4.18bn | CN¥3.76bn | CN¥4.24bn | CN¥3.95bn | CN¥4.20bn |
| Operating income | CN¥3.70bn | CN¥3.44bn | CN¥3.25bn | CN¥3.70bn | CN¥148.3m | CN¥1.27bn | CN¥3.17bn | CN¥1.52bn |
| Net income | CN¥2.30bn | CN¥907.5m | CN¥966.5m | CN¥646.4m | −CN¥2.69bn | CN¥669.4m | −CN¥686.2m | CN¥873.8m |
| Diluted earnings per share | 0.37 | 0.15 | 0.16 | 0.10 | -0.43 | 0.11 | -0.11 | 0.14 |
| Cash from operations | — | — | — | CN¥6.37bn | CN¥6.43bn | CN¥4.75bn | CN¥6.78bn | CN¥6.90bn |
| Capital spending | −CN¥5.46bn | −CN¥4.24bn | −CN¥8.14bn | −CN¥6.56bn | −CN¥5.38bn | −CN¥3.26bn | −CN¥2.87bn | −CN¥4.02bn |
| Free cash flow | — | — | — | −CN¥197.0m | CN¥1.04bn | CN¥1.49bn | CN¥3.91bn | CN¥2.87bn |
| Total assets | CN¥240.97bn | CN¥251.66bn | CN¥249.87bn | CN¥286.33bn | CN¥286.25bn | CN¥295.13bn | CN¥286.40bn | CN¥267.94bn |
| Cash and short-term investments | — | — | — | CN¥7.86bn | CN¥7.77bn | CN¥12.10bn | CN¥26.55bn | CN¥8.64bn |
| Debt | CN¥153.86bn | CN¥158.65bn | CN¥156.66bn | CN¥37.99bn | CN¥176.75bn | CN¥220.36bn | CN¥192.64bn | CN¥177.57bn |
| Shareholders' equity | CN¥31.21bn | CN¥29.86bn | CN¥29.44bn | CN¥28.86bn | CN¥28.51bn | CN¥31.66bn | CN¥31.47bn | CN¥30.47bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 47.9% | 40.6% | 43.4% | 37.5% | 38.7% | 34.7% | — |
| Operating margin | 22.6% | 31.4% | 8.1% | 19.0% | -5.9% | -6.9% | — |
| Net margin | -0.8% | 2.4% | 3.8% | -6.2% | -4.6% | -28.1% | — |
| Return on equity | -1.4% | 2.9% | 4.3% | -7.2% | -4.8% | -28.4% | — |
| Return on assets | -0.2% | 0.3% | 0.5% | -0.8% | -0.5% | -3.1% | — |
| Free cash flow yield | 175.1% | 165.5% | 158.5% | 136.7% | 153.0% | 112.4% | — |
| Revenue growth | 37.7% | 14.1% | 5.5% | 19.2% | -2.3% | -29.3% | — |
| Earnings growth | -144.9% | -29.5% | -164.5% | 61.2% | -84.0% | -516.8% | — |
| Current ratio | 0.66x | 1.44x | 0.31x | 0.33x | 0.42x | 0.75x | — |
| Debt to equity | 5.32x | 6.76x | 6.54x | 6.12x | 6.37x | 5.92x | — |
| Equity ratio | 11.8% | 11.0% | 11.3% | 10.5% | 10.3% | 10.8% | — |
| Interest coverage | 1.09x | 1.20x | 0.30x | 0.74x | -0.19x | -0.23x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.3% |
| Buybacks as a share of market value | -0.0% | 0.0% | -0.0% | -0.2% | -0.8% | 0.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.4% | 14.1% | 18.3% |
| Operating income | 25.3% | — | 20.2% |
| Net income | -41.1% | -44.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.8% | 43.0% | 41.4% | 40.3% |
| Operating margin | 26.3% | 20.9% | 13.9% | 13.5% |
| Net margin | 0.5% | -0.1% | -4.3% | 0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -61.7 | 25.8 | 10.3 | -6.9 | -14.6 | -1.9 | 12.7 | 9.8 | 13.5 | 19.4 |
| Price to sales | 0.5 | 0.6 | 0.4 | 0.4 | 0.7 | 0.5 | 0.6 | 0.5 | 1.0 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jul 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.05 | 0.05 | 0.075 | 0.006 | 0.009 |
- 2-for-1 split · 3 Jun 2015
- 13-for-10 split · 21 May 2012
- 1.288-for-1 split · 27 Jun 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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