G 
5.00
-3.10%
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¥51.54bn
FY2016FY2025
Net income
CN¥599.9m
FY2016FY2025
Free cash flow
−CN¥2.12bn
FY2016FY2025
Shareholders' equity
CN¥23.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥51.54bn | CN¥57.16bn | CN¥59.71bn | CN¥52.66bn | CN¥44.46bn | CN¥33.60bn | CN¥29.36bn | CN¥27.41bn | CN¥26.64bn | CN¥22.68bn |
| Research and development | CN¥567.2m | CN¥1.29bn | CN¥1.12bn | CN¥1.23bn | CN¥584.7m | CN¥324.9m | CN¥9.7m | CN¥5.0m | CN¥17.0m | CN¥15.4m |
| Operating income | CN¥3.17bn | CN¥2.46bn | CN¥2.68bn | −CN¥4.06bn | −CN¥4.74bn | CN¥4.26bn | CN¥2.54bn | CN¥1.19bn | CN¥1.55bn | CN¥2.02bn |
| Net income | CN¥599.9m | CN¥964.2m | CN¥974.7m | −CN¥2.98bn | −CN¥2.93bn | CN¥2.05bn | CN¥1.15bn | CN¥474.5m | CN¥743.2m | CN¥936.5m |
| Diluted earnings per share | 0.11 | 0.18 | 0.19 | -0.57 | -0.56 | 0.39 | 0.22 | 0.09 | 0.14 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥186.03bn | CN¥175.15bn | CN¥161.21bn | CN¥131.62bn | CN¥114.49bn | CN¥99.48bn | CN¥75.47bn | CN¥73.33bn | CN¥71.01bn | CN¥70.68bn |
| Cash and short-term investments | — | CN¥18.81bn | CN¥16.43bn | CN¥11.50bn | CN¥8.11bn | CN¥9.44bn | CN¥5.08bn | CN¥5.57bn | CN¥5.00bn | CN¥5.18bn |
| Total liabilities | CN¥144.57bn | CN¥139.19bn | CN¥127.30bn | CN¥102.78bn | CN¥81.53bn | CN¥55.85bn | CN¥41.28bn | CN¥41.81bn | CN¥41.30bn | CN¥41.34bn |
| Debt | CN¥83.99bn | CN¥107.13bn | CN¥94.14bn | CN¥75.09bn | CN¥54.72bn | CN¥31.34bn | CN¥23.99bn | CN¥27.17bn | CN¥29.43bn | CN¥27.55bn |
| Shareholders' equity | CN¥23.44bn | CN¥22.89bn | CN¥22.14bn | CN¥20.35bn | CN¥23.39bn | CN¥31.82bn | CN¥26.18bn | CN¥24.23bn | CN¥23.70bn | CN¥23.38bn |
| Shares outstanding | 5,250m | 5,250m | 5,250m | 5,250m | 5,248m | 5,252m | 5,252m | 5,269m | 5,269m | 5,273m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥10.23bn | CN¥10.98bn | CN¥8.47bn | CN¥1.48bn | CN¥122.2m | CN¥7.75bn | CN¥8.27bn | CN¥6.00bn | CN¥3.68bn | CN¥8.70bn |
| Capital spending | −CN¥12.36bn | −CN¥15.16bn | −CN¥21.72bn | −CN¥14.60bn | −CN¥10.73bn | −CN¥7.98bn | −CN¥4.82bn | −CN¥3.70bn | −CN¥3.41bn | −CN¥3.32bn |
| Free cash flow | −CN¥2.12bn | −CN¥4.19bn | −CN¥13.25bn | −CN¥13.12bn | −CN¥10.61bn | −CN¥223.7m | CN¥3.45bn | CN¥2.30bn | CN¥267.9m | CN¥5.39bn |
| Dividends paid | −CN¥2.95bn | −CN¥2.81bn | −CN¥2.61bn | −CN¥2.23bn | −CN¥630.0m | −CN¥630.0m | −CN¥315.0m | −CN¥1.90bn | −CN¥2.02bn | −CN¥3.63bn |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥11.35bn | CN¥13.82bn | CN¥14.58bn | CN¥12.57bn | CN¥10.57bn | CN¥14.64bn | CN¥16.44bn | CN¥13.29bn |
| Operating income | CN¥343.8m | CN¥762.6m | CN¥1.36bn | CN¥708.4m | −CN¥440.2m | −CN¥368.9m | CN¥1.05bn | CN¥1.33bn |
| Net income | −CN¥151.7m | CN¥16.0m | CN¥551.5m | CN¥415.4m | −CN¥382.9m | −CN¥502.8m | CN¥564.1m | CN¥776.7m |
| Diluted earnings per share | -0.03 | 0.00 | 0.11 | 0.08 | -0.07 | -0.10 | 0.11 | 0.15 |
| Cash from operations | — | — | CN¥2.54bn | CN¥2.36bn | CN¥2.00bn | CN¥108.0m | CN¥4.86bn | CN¥3.29bn |
| Capital spending | −CN¥1.76bn | −CN¥3.93bn | −CN¥2.49bn | −CN¥2.76bn | −CN¥3.17bn | −CN¥5.68bn | −CN¥3.33bn | −CN¥2.50bn |
| Free cash flow | — | — | CN¥52.0m | −CN¥401.0m | −CN¥1.17bn | −CN¥5.57bn | CN¥1.53bn | CN¥788.0m |
| Total assets | CN¥187.65bn | CN¥186.03bn | CN¥182.32bn | CN¥181.16bn | CN¥177.24bn | CN¥175.15bn | CN¥169.07bn | CN¥164.57bn |
| Cash and short-term investments | — | — | CN¥17.10bn | CN¥16.05bn | CN¥16.60bn | CN¥18.81bn | CN¥17.57bn | CN¥16.11bn |
| Debt | CN¥81.99bn | CN¥83.99bn | CN¥21.33bn | CN¥97.36bn | CN¥97.47bn | CN¥94.76bn | CN¥92.38bn | CN¥88.98bn |
| Shareholders' equity | CN¥23.31bn | CN¥23.44bn | CN¥23.43bn | CN¥22.93bn | CN¥22.68bn | CN¥22.89bn | CN¥23.49bn | CN¥22.68bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.2% | 4.3% | 4.5% | -7.7% | -9.9% | 12.7% |
| Net margin | 1.2% | 1.7% | 1.6% | -5.7% | -6.6% | 6.1% |
| Return on equity | 2.6% | 4.2% | 4.4% | -14.6% | -12.5% | 6.5% |
| Return on assets | 0.3% | 0.6% | 0.6% | -2.3% | -2.6% | 2.1% |
| Free cash flow yield | 85.7% | 99.2% | 114.5% | 61.0% | 41.2% | 59.7% |
| Revenue growth | -9.8% | -4.3% | 13.4% | 18.5% | 32.3% | 14.5% |
| Earnings growth | -37.8% | -1.1% | -132.7% | 1.8% | -242.6% | 79.1% |
| Current ratio | 0.67x | 0.70x | 0.68x | 0.61x | 0.61x | 0.66x |
| Debt to equity | 3.58x | 4.14x | 3.78x | 3.35x | 2.14x | 0.89x |
| Equity ratio | 12.6% | 13.1% | 13.7% | 15.5% | 20.4% | 32.0% |
| Interest coverage | 1.41x | 1.01x | 1.89x | -1.79x | -2.91x | 3.12x |
| R&D as a share of sales | 1.1% | 2.3% | 1.9% | 2.3% | 1.3% | 1.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -0.0% | 0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.7% | 8.9% | 7.2% |
| Operating income | — | -5.7% | -5.7% |
| Net income | — | -21.8% | -15.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.2% | 1.9% | 1.3% | 3.9% |
| Net margin | 1.4% | -0.2% | -0.4% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 38.7 | 24.7 | 26.3 | -9.8 | -11.0 | 9.9 | 18.8 | 51.4 | 34.2 | 29.9 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.6 | 0.7 | 0.6 | 0.7 | 0.9 | 0.9 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 26 Jun 2025.
| FY2025 | FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.12 | 0.12 | 0.06 | 0.08 | 0.08 | 0.23 |
- 6-for-5 split · 26 Jun 2015
- 1-to-1 reverse split · 19 Jan 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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