Z 
14.16
+1.36%
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¥526.9m
FY2016FY2025
Net income
CN¥158.9m
FY2016FY2025
Free cash flow
−CN¥211.3m
FY2016FY2025
Shareholders' equity
CN¥698.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥526.9m | CN¥333.2m | CN¥284.4m | CN¥277.1m | CN¥906.4m | CN¥425.1m | CN¥515.4m | CN¥496.5m | CN¥769.1m | CN¥812.1m |
| Operating income | CN¥161.3m | −CN¥68.9m | CN¥10.3m | CN¥237.7m | −CN¥58.3m | −CN¥410.5m | −CN¥71.7m | CN¥86.2m | −CN¥429.3m | CN¥90.2m |
| Net income | CN¥158.9m | −CN¥127.4m | CN¥6.7m | CN¥253.0m | −CN¥129.1m | −CN¥492.8m | −CN¥18.2m | CN¥42.2m | −CN¥449.1m | CN¥8.8m |
| Diluted earnings per share | 0.17 | -0.14 | 0.01 | 0.27 | -0.14 | -0.53 | -0.02 | 0.05 | -0.48 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.45bn | CN¥2.52bn | CN¥2.30bn | CN¥1.72bn | CN¥1.69bn | CN¥2.32bn | CN¥2.62bn | CN¥2.53bn | CN¥2.55bn | CN¥3.23bn |
| Cash and short-term investments | — | CN¥90.6m | CN¥5.2m | CN¥7.8m | CN¥10.2m | CN¥124.6m | CN¥101.1m | CN¥50.3m | CN¥104.7m | CN¥123.0m |
| Total liabilities | CN¥719.3m | CN¥1.38bn | CN¥997.6m | CN¥1.05bn | CN¥1.29bn | CN¥1.75bn | CN¥1.53bn | CN¥1.42bn | CN¥1.47bn | CN¥1.65bn |
| Debt | — | CN¥91.9m | CN¥95.3m | CN¥357.4m | CN¥547.5m | CN¥536.3m | CN¥366.0m | CN¥405.4m | CN¥533.1m | CN¥427.3m |
| Shareholders' equity | CN¥698.8m | CN¥529.4m | CN¥696.8m | CN¥642.3m | CN¥374.6m | CN¥534.7m | CN¥1.05bn | CN¥1.05bn | CN¥1.01bn | CN¥1.48bn |
| Shares outstanding | 951m | 938m | 929m | 929m | 932m | 928m | 930m | 938m | 928m | 900m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥33.3m | CN¥37.9m | −CN¥15.1m | −CN¥116.5m | CN¥54.4m | CN¥133.2m | CN¥145.9m | CN¥288.1m | CN¥110.7m | −CN¥270.7m |
| Capital spending | −CN¥244.7m | −CN¥85.0m | −CN¥15.7m | −CN¥35.1m | −CN¥69.0m | −CN¥82.9m | −CN¥80.1m | −CN¥140.9m | −CN¥169.8m | −CN¥173.7m |
| Free cash flow | −CN¥211.3m | −CN¥47.1m | −CN¥30.8m | −CN¥151.6m | −CN¥14.6m | CN¥50.3m | CN¥65.8m | CN¥147.2m | −CN¥59.1m | −CN¥444.4m |
| Dividends paid | −CN¥8.5m | −CN¥4.2m | −CN¥10.5m | −CN¥35.0m | −CN¥64.3m | −CN¥35.2m | −CN¥49.4m | −CN¥38.6m | −CN¥32.7m | −CN¥30.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥184.0m | CN¥178.9m | CN¥186.9m | CN¥143.9m | CN¥98.2m | CN¥97.9m | CN¥178.3m | CN¥56.0m |
| Operating income | CN¥66.9m | CN¥75.5m | CN¥34.8m | CN¥43.1m | CN¥65.1m | CN¥2.0m | −CN¥10.1m | −CN¥19.2m |
| Net income | CN¥39.4m | CN¥187.4m | CN¥76.7m | CN¥37.5m | CN¥47.8m | −CN¥3.1m | −CN¥37.3m | −CN¥35.2m |
| Diluted earnings per share | 0.04 | 0.20 | 0.08 | 0.04 | 0.05 | -0.00 | -0.04 | -0.04 |
| Cash from operations | — | — | — | CN¥58.0m | −CN¥9.0m | CN¥24.0m | — | −CN¥3.0m |
| Capital spending | −CN¥50.0m | −CN¥40.0m | −CN¥7.0m | −CN¥94.0m | −CN¥38.0m | −CN¥103.0m | −CN¥73.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥36.0m | −CN¥47.0m | −CN¥79.0m | — | −CN¥7.0m |
| Total assets | CN¥1.56bn | CN¥1.47bn | CN¥1.45bn | CN¥1.43bn | CN¥1.49bn | CN¥2.49bn | CN¥2.52bn | CN¥2.35bn |
| Cash and short-term investments | — | — | — | CN¥236.6m | CN¥308.4m | CN¥147.8m | CN¥90.6m | CN¥3.8m |
| Debt | — | — | — | CN¥351.6m | CN¥285.3m | CN¥170.3m | CN¥85.2m | CN¥85.0m |
| Shareholders' equity | CN¥901.9m | CN¥889.1m | CN¥698.8m | CN¥640.3m | CN¥615.4m | CN¥528.8m | CN¥529.4m | CN¥607.4m |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 30.6% | -20.7% | 3.6% | 85.8% | -6.4% | -96.6% | — |
| Net margin | 30.1% | -38.2% | 2.3% | 91.3% | -14.2% | -115.9% | — |
| Return on equity | 22.7% | -24.1% | 1.0% | 39.4% | -34.5% | -92.2% | — |
| Return on assets | 11.0% | -5.1% | 0.3% | 14.7% | -7.6% | -21.2% | — |
| Free cash flow yield | 1.8% | 0.8% | 0.0% | -0.5% | 0.8% | 1.4% | — |
| Revenue growth | 58.1% | 17.2% | 2.6% | -69.4% | 113.3% | -17.5% | — |
| Earnings growth | -224.7% | -2010.0% | -97.4% | -296.0% | -73.8% | 2607.3% | — |
| Current ratio | 0.57x | 0.34x | 0.25x | 0.42x | 0.30x | 0.50x | — |
| Debt to equity | — | 0.16x | 0.12x | 0.44x | 0.25x | 0.19x | 0.35x |
| Equity ratio | 48.2% | 21.0% | 30.3% | 37.4% | 22.2% | 23.0% | — |
| Interest coverage | 5.53x | -1.05x | 0.23x | 5.55x | -0.85x | -5.55x | — |
| Buybacks as a share of market value | -1.3% | -1.0% | -0.0% | 0.3% | -0.4% | 0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.9% | 4.4% | -9.2% |
| Operating income | -12.1% | — | 14.0% |
| Net income | -14.4% | — | 22.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.7% | 23.9% | -4.7% | -6.1% |
| Net margin | 3.7% | 20.5% | -12.0% | -10.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 78.2 | -29.2 | — | 11.9 | -23.2 | -4.5 | -147.1 | 59.8 | -15.2 | — |
| Price to sales | 23.6 | 11.2 | 13.5 | 10.8 | 3.3 | 5.2 | 5.2 | 5.1 | 8.9 | 12.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Aug 2014.
| FY2014 | FY2013 | FY1995 | FY1994 | |
|---|---|---|---|---|
| Paid in the year | 0.025 | 0.042 | 0.10 | 0.133 |
- 6-for-5 split · 17 May 2013
- 1-to-1 reverse split · 29 Dec 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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