H 
3.59
-0.55%
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¥528.2m
FY2016FY2025
Net income
−CN¥210.2m
FY2016FY2025
Free cash flow
CN¥19.8m
FY2016FY2025
Shareholders' equity
CN¥1.34bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥528.2m | CN¥603.9m | CN¥687.6m | CN¥473.6m | CN¥594.1m | CN¥515.4m | CN¥1.11bn | CN¥958.1m | CN¥1.06bn | CN¥1.00bn |
| Research and development | CN¥2.8m | CN¥2.0m | — | — | — | — | — | — | — | — |
| Operating income | −CN¥167.5m | −CN¥243.6m | −CN¥4.7m | −CN¥217.3m | CN¥217.8m | −CN¥394.7m | CN¥7.0m | −CN¥438.5m | CN¥62.3m | −CN¥150.5m |
| Net income | −CN¥210.2m | −CN¥181.3m | −CN¥121.7m | −CN¥310.7m | CN¥84.2m | −CN¥513.3m | CN¥50.2m | −CN¥477.6m | CN¥109.0m | −CN¥288.5m |
| Diluted earnings per share | -0.21 | -0.18 | -0.12 | -0.31 | 0.08 | -0.50 | 0.05 | -0.47 | 0.11 | -0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.40bn | CN¥4.63bn | CN¥4.82bn | CN¥5.30bn | CN¥5.63bn | CN¥6.12bn | CN¥6.57bn | CN¥7.20bn | CN¥9.03bn | CN¥8.91bn |
| Cash and short-term investments | — | CN¥143.6m | CN¥170.8m | CN¥185.8m | CN¥193.4m | CN¥96.8m | CN¥151.8m | CN¥331.4m | CN¥804.0m | CN¥471.3m |
| Total liabilities | CN¥3.63bn | CN¥3.59bn | CN¥3.60bn | CN¥3.91bn | CN¥3.84bn | CN¥4.28bn | CN¥4.11bn | CN¥4.74bn | CN¥6.11bn | CN¥5.94bn |
| Debt | CN¥368.3m | CN¥1.76bn | CN¥1.95bn | CN¥2.32bn | CN¥2.12bn | CN¥2.59bn | CN¥2.80bn | CN¥3.21bn | CN¥3.43bn | CN¥3.61bn |
| Shareholders' equity | CN¥1.34bn | CN¥1.55bn | CN¥1.68bn | CN¥1.81bn | CN¥2.11bn | CN¥2.08bn | CN¥2.58bn | CN¥2.53bn | CN¥3.01bn | CN¥2.90bn |
| Shares outstanding | 1,019m | 1,019m | 1,018m | 1,019m | 1,017m | 1,019m | 1,046m | 1,021m | 1,006m | 995m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥65.0m | CN¥87.8m | CN¥88.9m | CN¥5.1m | CN¥32.8m | −CN¥61.3m | CN¥391.2m | CN¥137.1m | CN¥186.6m | CN¥102.9m |
| Capital spending | −CN¥45.2m | −CN¥60.7m | −CN¥13.0m | −CN¥75.3m | −CN¥86.6m | −CN¥137.0m | −CN¥146.3m | −CN¥233.0m | −CN¥124.2m | −CN¥287.0m |
| Free cash flow | CN¥19.8m | CN¥27.1m | CN¥75.9m | −CN¥70.3m | −CN¥53.8m | −CN¥198.3m | CN¥244.9m | −CN¥95.8m | CN¥62.4m | −CN¥184.1m |
| Dividends paid | −CN¥63.9m | −CN¥69.8m | −CN¥90.5m | −CN¥111.1m | −CN¥146.0m | −CN¥196.3m | −CN¥233.5m | −CN¥225.2m | −CN¥251.7m | −CN¥249.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥121.0m | CN¥119.7m | CN¥130.1m | CN¥145.0m | CN¥134.1m | CN¥119.0m | CN¥148.8m | CN¥148.8m |
| Operating income | −CN¥38.1m | −CN¥52.3m | −CN¥48.4m | −CN¥64.1m | −CN¥56.7m | −CN¥79.3m | −CN¥95.0m | −CN¥22.5m |
| Net income | −CN¥50.7m | −CN¥62.5m | −CN¥54.0m | −CN¥49.5m | −CN¥43.3m | −CN¥63.4m | −CN¥69.7m | −CN¥32.8m |
| Diluted earnings per share | -0.05 | -0.06 | -0.05 | -0.05 | -0.04 | -0.06 | -0.07 | -0.03 |
| Cash from operations | — | — | — | CN¥13.0m | — | CN¥9.0m | — | CN¥7.0m |
| Capital spending | −CN¥17.0m | −CN¥13.0m | −CN¥13.0m | −CN¥14.0m | −CN¥10.0m | −CN¥7.0m | −CN¥15.0m | −CN¥15.0m |
| Free cash flow | — | — | — | −CN¥1.0m | — | CN¥2.0m | — | −CN¥8.0m |
| Total assets | CN¥4.30bn | CN¥4.41bn | CN¥4.40bn | CN¥4.50bn | CN¥4.45bn | CN¥4.57bn | CN¥4.63bn | CN¥4.66bn |
| Cash and short-term investments | — | — | — | CN¥148.2m | CN¥86.7m | CN¥156.6m | CN¥143.6m | CN¥123.5m |
| Debt | CN¥518.5m | CN¥447.1m | CN¥368.3m | CN¥1.80bn | CN¥1.94bn | CN¥1.74bn | CN¥1.68bn | CN¥1.97bn |
| Shareholders' equity | CN¥1.23bn | CN¥1.28bn | CN¥1.34bn | CN¥1.39bn | CN¥1.44bn | CN¥1.49bn | CN¥1.55bn | CN¥1.62bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2012 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -33.0% | -20.1% | -0.4% | -45.6% | 36.7% | -76.4% | — |
| Net margin | -39.8% | -30.0% | -17.7% | -65.6% | 14.2% | -99.6% | — |
| Return on equity | -15.7% | -11.7% | -7.2% | -17.2% | 4.0% | -24.6% | — |
| Return on assets | -4.8% | -3.9% | -2.5% | -5.9% | 1.5% | -8.4% | — |
| Free cash flow yield | 3.0% | 4.1% | 2.8% | 2.2% | 3.3% | 2.1% | — |
| Revenue growth | -12.5% | -12.2% | 45.2% | -20.3% | 15.3% | -53.6% | — |
| Earnings growth | 16.0% | 49.0% | -60.8% | -468.9% | -116.4% | -1121.8% | — |
| Current ratio | 0.29x | 0.30x | 0.36x | 0.32x | 0.35x | 0.37x | — |
| Debt to equity | 0.28x | 1.09x | 1.07x | 1.13x | 0.85x | 1.02x | — |
| Equity ratio | 30.4% | 33.5% | 34.9% | 34.1% | 37.5% | 34.0% | — |
| Interest coverage | -1.88x | -1.08x | -0.02x | -1.43x | 1.02x | -1.92x | — |
| R&D as a share of sales | 0.5% | 0.3% | — | — | — | — | 0.5% |
| Buybacks as a share of market value | -0.0% | -0.1% | 0.1% | -0.1% | 0.2% | 2.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.7% | 0.5% | -7.8% |
| Operating income | -8.3% | -15.8% | — |
| Net income | -12.2% | -16.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -36.3% | -27.6% | -23.8% | -15.1% |
| Net margin | -34.6% | -35.9% | -36.8% | -21.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.0 | -18.0 | -34.1 | -21.5 | 38.0 | -5.2 | 54.6 | -5.3 | 38.6 | -25.0 |
| Price to sales | 6.4 | 5.4 | 6.0 | 14.1 | 5.4 | 5.2 | 2.5 | 2.6 | 4.0 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jun 2014.
| FY2014 | FY2013 | FY2010 | FY2009 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.017 | 0.03 | 0.008 | 0.059 | 0.026 | 0.039 | 0.039 | 0.103 |
- 13-for-10 split · 29 Mar 2011
- 3-for-2 split · 17 Jun 2009
- 2-for-1 split · 23 Mar 2007
- 1-to-1 reverse split · 13 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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