H 
5.66
-0.88%
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¥7.86bn
FY2016FY2025
Net income
−CN¥266.1m
FY2016FY2025
Free cash flow
CN¥546.5m
FY2016FY2025
Shareholders' equity
CN¥2.86bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.86bn | CN¥11.43bn | CN¥11.90bn | CN¥12.86bn | CN¥11.76bn | CN¥8.74bn | CN¥7.44bn | CN¥7.41bn | CN¥7.92bn | CN¥8.72bn |
| Gross profit | CN¥349.9m | CN¥500.9m | CN¥312.6m | CN¥615.0m | CN¥720.8m | CN¥642.8m | CN¥622.2m | CN¥654.8m | CN¥725.2m | CN¥867.5m |
| Research and development | CN¥19.3m | CN¥25.0m | CN¥20.9m | CN¥14.4m | CN¥12.0m | CN¥9.9m | CN¥7.5m | CN¥2.7m | CN¥3.4m | CN¥2.0m |
| Operating income | −CN¥52.0m | CN¥37.0m | CN¥182.6m | CN¥246.7m | CN¥334.8m | CN¥286.5m | CN¥284.0m | CN¥320.5m | CN¥315.9m | CN¥474.7m |
| Net income | −CN¥266.1m | CN¥26.1m | CN¥102.3m | CN¥141.4m | CN¥204.5m | CN¥184.8m | CN¥133.3m | CN¥168.0m | CN¥129.6m | CN¥197.3m |
| Diluted earnings per share | -0.65 | 0.05 | 0.13 | 0.16 | 0.26 | 0.27 | 0.20 | 0.22 | 0.19 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.12bn | CN¥6.70bn | CN¥6.50bn | CN¥6.11bn | CN¥6.05bn | CN¥5.70bn | CN¥5.23bn | CN¥4.92bn | CN¥6.08bn | CN¥1.39bn |
| Cash and short-term investments | — | CN¥1.58bn | CN¥1.45bn | CN¥572.0m | CN¥547.5m | CN¥398.9m | CN¥718.5m | CN¥924.9m | CN¥1.01bn | CN¥246.5m |
| Total liabilities | CN¥2.91bn | CN¥3.19bn | CN¥2.92bn | CN¥2.64bn | CN¥2.73bn | CN¥2.60bn | CN¥2.24bn | CN¥2.08bn | CN¥3.48bn | CN¥1.32bn |
| Debt | CN¥576.5m | CN¥1.66bn | CN¥2.11bn | CN¥1.76bn | CN¥1.60bn | CN¥1.50bn | CN¥1.33bn | CN¥1.44bn | CN¥2.01bn | CN¥152.4m |
| Shareholders' equity | CN¥2.86bn | CN¥3.14bn | CN¥3.17bn | CN¥3.06bn | CN¥2.92bn | CN¥2.71bn | CN¥2.41bn | CN¥2.27bn | CN¥2.10bn | CN¥65.1m |
| Shares outstanding | 412m | 524m | 778m | 865m | 786m | 694m | 673m | 754m | 683m | 606m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥646.8m | −CN¥109.5m | CN¥109.5m | −CN¥533.2m | CN¥632.2m | −CN¥246.5m | CN¥297.4m | CN¥850.2m | −CN¥1.38bn | CN¥257.9m |
| Capital spending | −CN¥100.3m | −CN¥47.5m | −CN¥105.2m | −CN¥40.2m | −CN¥66.8m | −CN¥37.4m | −CN¥72.8m | −CN¥58.6m | −CN¥42.5m | −CN¥3.0m |
| Free cash flow | CN¥546.5m | −CN¥157.0m | CN¥4.3m | −CN¥573.5m | CN¥565.4m | −CN¥283.9m | CN¥224.5m | CN¥791.6m | −CN¥1.42bn | CN¥254.9m |
| Dividends paid | −CN¥71.8m | −CN¥109.8m | −CN¥61.5m | −CN¥46.0m | −CN¥50.1m | −CN¥46.7m | −CN¥69.6m | −CN¥106.2m | −CN¥64.8m | −CN¥25.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.41bn | CN¥1.70bn | CN¥1.65bn | CN¥2.00bn | CN¥2.07bn | CN¥2.13bn | CN¥1.94bn | CN¥3.94bn |
| Gross profit | CN¥67.5m | CN¥107.5m | CN¥41.3m | CN¥75.5m | CN¥90.5m | CN¥142.6m | CN¥106.4m | CN¥171.7m |
| Operating income | −CN¥10.9m | CN¥24.3m | −CN¥90.7m | −CN¥96.1m | CN¥26.6m | CN¥18.5m | −CN¥47.0m | CN¥13.7m |
| Net income | −CN¥105,569 | CN¥8.1m | −CN¥214.6m | −CN¥69.5m | CN¥5.1m | CN¥12.9m | −CN¥1.7m | CN¥3.8m |
| Diluted earnings per share | -0.00 | 0.02 | -0.52 | -0.17 | 0.01 | 0.03 | -0.00 | 0.01 |
| Cash from operations | — | — | — | −CN¥73.0m | CN¥515.0m | −CN¥293.0m | CN¥104.0m | CN¥6.0m |
| Capital spending | −CN¥41.0m | −CN¥34.0m | −CN¥53.0m | −CN¥24.0m | −CN¥12.0m | −CN¥9.0m | −CN¥17.0m | −CN¥10.0m |
| Free cash flow | — | — | — | −CN¥97.0m | CN¥503.0m | −CN¥302.0m | CN¥87.0m | −CN¥4.0m |
| Total assets | CN¥5.70bn | CN¥5.84bn | CN¥6.12bn | CN¥8.50bn | CN¥7.52bn | CN¥7.20bn | CN¥6.70bn | CN¥6.82bn |
| Cash and short-term investments | — | — | — | CN¥1.96bn | CN¥1.76bn | CN¥1.50bn | CN¥1.42bn | CN¥1.28bn |
| Debt | CN¥573.5m | CN¥580.0m | CN¥576.5m | CN¥2.32bn | CN¥1.98bn | CN¥1.99bn | CN¥1.61bn | CN¥2.05bn |
| Shareholders' equity | CN¥2.87bn | CN¥2.87bn | CN¥2.86bn | CN¥3.08bn | CN¥3.15bn | CN¥3.16bn | CN¥3.14bn | CN¥3.14bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.5% | 4.4% | 2.6% | 4.8% | 6.1% | 7.4% |
| Operating margin | -2.9% | 0.5% | 1.7% | 2.1% | 3.1% | 3.6% |
| Net margin | -3.4% | 0.2% | 0.9% | 1.1% | 1.7% | 2.1% |
| Return on equity | -9.3% | 0.8% | 3.2% | 4.6% | 7.0% | 6.8% |
| Return on assets | -4.3% | 0.4% | 1.6% | 2.3% | 3.4% | 3.2% |
| Free cash flow yield | 30.4% | -2.0% | 4.6% | -9.6% | 14.9% | -5.1% |
| Revenue growth | -31.3% | -3.9% | -7.4% | 9.3% | 34.6% | 17.5% |
| Earnings growth | -1118.3% | -74.5% | -27.6% | -30.8% | 10.6% | 38.6% |
| Current ratio | 2.01x | 1.74x | 2.19x | 2.05x | 1.53x | 1.38x |
| Debt to equity | 0.20x | 0.51x | 0.64x | 0.58x | 0.55x | 0.55x |
| Equity ratio | 46.8% | 46.9% | 48.8% | 50.1% | 48.2% | 47.6% |
| Interest coverage | -3.16x | 0.88x | 3.26x | 5.90x | 7.68x | 9.58x |
| R&D as a share of sales | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 21.3% | 32.7% | 10.0% | -10.0% | -13.2% | -3.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.1% | -2.1% | 40.2% |
| Operating income | — | — | -7.4% |
| Net income | — | — | 9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.4% | 4.0% | 4.9% | 6.3% |
| Operating margin | -0.1% | 0.9% | 1.6% | 2.4% |
| Net margin | -1.2% | 0.0% | 0.6% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.3 | 123.5 | 52.0 | 49.5 | 28.2 | 33.3 | 27.8 | 24.8 | 44.1 | 36.7 |
| Price to sales | 0.5 | 0.3 | 0.5 | 0.5 | 0.5 | 0.7 | 0.5 | 0.6 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 11 Jun 2025.
| FY2025 | FY2024 | FY1995 | FY1994 | |
|---|---|---|---|---|
| Paid in the year | 0.018 | 0.071 | 0.159 | 0.111 |
- 1-to-1 reverse split · 17 Aug 2006
- 1.13-for-1 split · 16 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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