G 
2.36
+0.85%
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¥7.84bn
FY2016FY2025
Net income
−CN¥211.3m
FY2016FY2025
Free cash flow
−CN¥4.68bn
FY2016FY2025
Shareholders' equity
CN¥16.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.84bn | CN¥9.60bn | CN¥11.26bn | CN¥12.26bn | CN¥10.02bn | CN¥3.69bn | CN¥4.06bn | CN¥4.09bn | CN¥3.98bn | CN¥2.98bn |
| Gross profit | CN¥2.85bn | CN¥3.00bn | CN¥3.93bn | CN¥5.68bn | CN¥4.25bn | CN¥1.04bn | CN¥1.03bn | CN¥1.13bn | CN¥1.33bn | CN¥615.8m |
| Research and development | CN¥308.7m | CN¥361.0m | CN¥345.5m | CN¥267.2m | CN¥186.9m | CN¥6.4m | CN¥4.5m | CN¥6.6m | CN¥6.6m | CN¥6.6m |
| Operating income | −CN¥304.7m | CN¥1.51bn | CN¥2.15bn | CN¥3.73bn | CN¥2.62bn | CN¥531.3m | CN¥620.0m | CN¥683.7m | CN¥761.4m | CN¥243.7m |
| Net income | −CN¥211.3m | CN¥1.21bn | CN¥1.74bn | CN¥3.17bn | CN¥1.73bn | CN¥445.1m | CN¥519.4m | CN¥572.8m | CN¥552.2m | CN¥221.7m |
| Diluted earnings per share | -0.04 | 0.19 | 0.35 | 1.02 | 0.19 | 0.19 | 0.23 | 0.25 | 0.24 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥37.09bn | CN¥33.36bn | CN¥30.83bn | CN¥27.24bn | CN¥25.85bn | CN¥13.59bn | CN¥10.96bn | CN¥10.24bn | CN¥9.81bn | CN¥9.04bn |
| Cash and short-term investments | — | CN¥5.57bn | CN¥8.23bn | CN¥8.86bn | CN¥8.23bn | CN¥5.32bn | CN¥2.59bn | CN¥2.65bn | CN¥2.55bn | CN¥2.12bn |
| Total liabilities | CN¥20.27bn | CN¥16.06bn | CN¥14.39bn | CN¥13.91bn | CN¥15.45bn | CN¥5.05bn | CN¥3.18bn | CN¥2.84bn | CN¥2.94bn | CN¥2.76bn |
| Debt | CN¥8.42bn | CN¥6.40bn | CN¥5.34bn | CN¥5.43bn | CN¥6.06bn | CN¥2.47bn | CN¥778.0m | CN¥486.6m | CN¥516.6m | CN¥529.0m |
| Shareholders' equity | CN¥16.41bn | CN¥16.88bn | CN¥16.01bn | CN¥12.89bn | CN¥9.75bn | CN¥8.36bn | CN¥7.60bn | CN¥7.36bn | CN¥6.87bn | CN¥6.28bn |
| Shares outstanding | 5,324m | 6,292m | 4,971m | 3,110m | 9,026m | 2,286m | 2,287m | 2,291m | 2,291m | 2,324m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥695.2m | CN¥2.11bn | CN¥1.85bn | CN¥5.06bn | CN¥4.30bn | CN¥638.6m | CN¥463.1m | CN¥526.0m | CN¥609.2m | CN¥488.1m |
| Capital spending | −CN¥5.38bn | −CN¥5.29bn | −CN¥3.02bn | −CN¥2.70bn | −CN¥682.2m | −CN¥118.5m | −CN¥260.1m | −CN¥131.9m | −CN¥179.6m | −CN¥210.8m |
| Free cash flow | −CN¥4.68bn | −CN¥3.18bn | −CN¥1.17bn | CN¥2.36bn | CN¥3.62bn | CN¥520.2m | CN¥203.0m | CN¥394.1m | CN¥429.6m | CN¥277.3m |
| Dividends paid | −CN¥591.8m | −CN¥750.3m | −CN¥880.2m | −CN¥508.8m | −CN¥660.3m | −CN¥228.7m | −CN¥240.6m | −CN¥256.1m | −CN¥67.3m | −CN¥70.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.20bn | CN¥2.50bn | CN¥1.72bn | CN¥2.40bn | CN¥1.80bn | CN¥1.92bn | CN¥1.80bn | CN¥2.18bn |
| Gross profit | CN¥562.3m | CN¥446.2m | CN¥356.2m | CN¥275.0m | CN¥203.6m | CN¥403.7m | CN¥454.0m | CN¥651.0m |
| Operating income | CN¥186.8m | CN¥130.1m | −CN¥158.6m | −CN¥78.4m | −CN¥204.1m | CN¥100.7m | CN¥174.2m | CN¥188.4m |
| Net income | CN¥108.9m | CN¥65.2m | CN¥64.1m | −CN¥93.2m | −CN¥233.2m | CN¥51.1m | CN¥182.6m | CN¥134.4m |
| Diluted earnings per share | 0.02 | 0.01 | 0.01 | -0.02 | -0.04 | 0.01 | 0.03 | 0.02 |
| Cash from operations | — | — | — | CN¥500.0m | −CN¥672.0m | −CN¥116.0m | CN¥1.29bn | CN¥512.0m |
| Capital spending | −CN¥834.0m | −CN¥1.02bn | −CN¥2.09bn | −CN¥1.32bn | −CN¥1.06bn | −CN¥907.0m | −CN¥2.56bn | −CN¥916.0m |
| Free cash flow | — | — | — | −CN¥819.0m | −CN¥1.74bn | −CN¥1.02bn | −CN¥1.27bn | −CN¥404.0m |
| Total assets | CN¥36.93bn | CN¥37.29bn | CN¥37.09bn | CN¥34.75bn | CN¥33.86bn | CN¥33.54bn | CN¥33.36bn | CN¥31.98bn |
| Cash and short-term investments | — | — | — | CN¥5.22bn | CN¥5.20bn | CN¥5.65bn | CN¥5.57bn | CN¥6.61bn |
| Debt | CN¥8.53bn | CN¥9.06bn | CN¥8.42bn | CN¥1.41bn | CN¥8.86bn | CN¥7.12bn | CN¥6.39bn | CN¥6.56bn |
| Shareholders' equity | CN¥16.91bn | CN¥16.66bn | CN¥16.41bn | CN¥16.66bn | CN¥17.09bn | CN¥17.17bn | CN¥16.88bn | CN¥17.01bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.3% | 31.3% | 34.9% | 46.3% | 42.4% | 28.1% |
| Operating margin | -3.9% | 15.8% | 19.1% | 30.4% | 26.1% | 14.4% |
| Net margin | -2.7% | 12.6% | 15.4% | 25.8% | 17.3% | 12.1% |
| Return on equity | -1.3% | 7.2% | 10.9% | 24.6% | 17.8% | 5.3% |
| Return on assets | -0.6% | 3.6% | 5.6% | 11.6% | 6.7% | 3.3% |
| Free cash flow yield | 45.6% | 47.1% | 39.2% | 99.9% | 22.1% | 13.2% |
| Revenue growth | -18.4% | -14.7% | -8.2% | 22.3% | 171.8% | -9.3% |
| Earnings growth | -117.4% | -30.1% | -45.2% | 82.7% | 289.7% | -14.3% |
| Current ratio | 0.86x | 1.22x | 1.62x | 1.36x | 1.16x | 4.11x |
| Debt to equity | 0.51x | 0.38x | 0.33x | 0.42x | 0.55x | 0.29x |
| Equity ratio | 44.2% | 50.6% | 51.9% | 47.3% | 37.7% | 61.5% |
| Interest coverage | -1.54x | 9.41x | 9.38x | 11.96x | 32.51x | 10.11x |
| R&D as a share of sales | 3.9% | 3.8% | 3.1% | 2.2% | 1.9% | 0.2% |
| Buybacks as a share of market value | 15.4% | -26.6% | -59.8% | 65.5% | -294.8% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.9% | 16.3% | 11.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.5% | 37.7% | 37.9% | 35.0% |
| Operating margin | 6.9% | 17.3% | 18.7% | 17.6% |
| Net margin | 5.8% | 14.4% | 14.8% | 14.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -58.2 | 14.3 | 8.7 | 3.1 | 17.9 | 16.5 | 11.4 | 10.2 | 14.6 | 39.7 |
| Price to sales | 1.6 | 1.8 | 1.4 | 0.8 | 3.1 | 2.0 | 1.4 | 1.4 | 2.0 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 10 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.068 | 0.10 | 0.14 | 0.05 | 0.20 | 0.10 | 0.10 | 0.10 |
- 2-for-1 split · 13 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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