C 
1.34
0.00%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥1.89bn
FY2016FY2025
Net income
−CN¥1.67bn
FY2016FY2025
Free cash flow
−CN¥772.5m
FY2016FY2025
Shareholders' equity
CN¥14.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.89bn | CN¥1.42bn | CN¥1.40bn | CN¥1.41bn | CN¥1.67bn | CN¥2.21bn | CN¥5.83bn | CN¥16.35bn | CN¥27.79bn | CN¥14.51bn |
| Gross profit | CN¥614.1m | CN¥237.5m | −CN¥284.4m | CN¥511.1m | CN¥564.7m | CN¥563.9m | CN¥1.52bn | CN¥2.85bn | CN¥4.11bn | CN¥3.53bn |
| Research and development | — | — | CN¥9.2m | CN¥9.5m | CN¥10.9m | CN¥12.3m | CN¥10.9m | CN¥5.3m | CN¥3.8m | CN¥3.8m |
| Operating income | CN¥304.2m | −CN¥1.90bn | −CN¥2.33bn | −CN¥526.4m | −CN¥922.8m | −CN¥3.88bn | −CN¥176.7m | CN¥1.84bn | CN¥2.38bn | CN¥952.1m |
| Net income | −CN¥1.67bn | −CN¥1.32bn | −CN¥2.52bn | −CN¥930.5m | −CN¥687.2m | −CN¥4.54bn | −CN¥1.22bn | CN¥757.3m | CN¥1.41bn | CN¥708.3m |
| Diluted earnings per share | -0.09 | -0.07 | -0.13 | -0.05 | -0.04 | -0.24 | -0.06 | 0.04 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥32.88bn | CN¥30.32bn | CN¥28.24bn | CN¥27.87bn | CN¥27.03bn | CN¥47.19bn | CN¥52.45bn | CN¥55.84bn | CN¥55.82bn | CN¥49.59bn |
| Cash and short-term investments | — | CN¥1.30bn | CN¥427.3m | CN¥213.0m | CN¥543.6m | CN¥817.4m | CN¥15.54bn | CN¥19.81bn | CN¥25.40bn | CN¥13.57bn |
| Total liabilities | CN¥17.06bn | CN¥14.33bn | CN¥16.54bn | CN¥16.06bn | CN¥14.32bn | CN¥21.34bn | CN¥21.96bn | CN¥23.73bn | CN¥24.54bn | CN¥18.97bn |
| Debt | — | CN¥6.23bn | CN¥7.86bn | CN¥7.47bn | CN¥7.33bn | CN¥9.88bn | CN¥10.55bn | CN¥12.75bn | CN¥13.59bn | CN¥8.60bn |
| Shareholders' equity | CN¥14.23bn | CN¥15.42bn | CN¥11.21bn | CN¥11.32bn | CN¥12.21bn | CN¥25.32bn | CN¥29.89bn | CN¥31.43bn | CN¥30.38bn | CN¥29.98bn |
| Shares outstanding | 18,766m | 18,880m | 19,276m | 19,186m | 19,443m | 19,047m | 19,227m | 19,124m | 19,146m | 19,210m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥493.4m | −CN¥522.9m | CN¥136.2m | CN¥26.8m | −CN¥376.2m | CN¥173.7m | CN¥442.4m | CN¥3.98bn | CN¥1.45bn | CN¥5.37bn |
| Capital spending | −CN¥279.1m | −CN¥63.2m | −CN¥15.6m | −CN¥7.2m | −CN¥19.4m | −CN¥66.3m | −CN¥36.6m | −CN¥360.4m | −CN¥1.02bn | −CN¥362.3m |
| Free cash flow | −CN¥772.5m | −CN¥586.1m | CN¥120.6m | CN¥19.6m | −CN¥395.6m | CN¥107.4m | CN¥405.8m | CN¥3.62bn | CN¥424.3m | CN¥5.01bn |
| Dividends paid | −CN¥202.1m | −CN¥136.2m | −CN¥166.7m | −CN¥238.5m | −CN¥9.8m | −CN¥89.5m | −CN¥617.9m | −CN¥690.9m | −CN¥726.7m | −CN¥428.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥392.6m | CN¥361.5m | CN¥676.9m | CN¥426.5m | CN¥417.5m | CN¥365.1m | CN¥292.8m | CN¥474.5m |
| Gross profit | CN¥124.7m | CN¥108.9m | CN¥239.3m | CN¥133.5m | CN¥141.2m | CN¥100.1m | −CN¥63.3m | CN¥130.2m |
| Operating income | CN¥36.4m | CN¥35.5m | CN¥78.9m | CN¥93.6m | CN¥171.3m | CN¥76.9m | −CN¥1.74bn | CN¥168.2m |
| Net income | CN¥163.0m | −CN¥136.5m | −CN¥1.74bn | CN¥67.0m | CN¥11.6m | −CN¥6.3m | −CN¥1.21bn | CN¥7.6m |
| Diluted earnings per share | 0.01 | -0.01 | -0.09 | 0.00 | 0.00 | -0.00 | -0.06 | 0.00 |
| Cash from operations | — | — | — | −CN¥127.0m | −CN¥683.0m | −CN¥14.0m | −CN¥111.0m | −CN¥328.0m |
| Capital spending | −CN¥32.0m | −CN¥63.0m | −CN¥223.0m | −CN¥21.0m | −CN¥6.0m | −CN¥41.0m | −CN¥25.0m | −CN¥15.0m |
| Free cash flow | — | — | — | −CN¥148.0m | −CN¥689.0m | −CN¥55.0m | −CN¥136.0m | −CN¥343.0m |
| Total assets | CN¥31.99bn | CN¥32.78bn | CN¥32.88bn | CN¥34.92bn | CN¥34.84bn | CN¥30.22bn | CN¥30.32bn | CN¥31.49bn |
| Cash and short-term investments | — | — | — | CN¥786.2m | CN¥1.04bn | CN¥1.28bn | CN¥1.30bn | CN¥1.88bn |
| Debt | CN¥5.08bn | CN¥5.71bn | CN¥4.98bn | CN¥1.85bn | CN¥6.28bn | CN¥4.44bn | CN¥4.38bn | CN¥4.71bn |
| Shareholders' equity | CN¥14.35bn | CN¥14.49bn | CN¥14.23bn | CN¥15.74bn | CN¥15.39bn | CN¥15.40bn | CN¥15.42bn | CN¥16.50bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 32.6% | 16.7% | -20.3% | 36.4% | 33.8% | 25.5% | — | — |
| Operating margin | 16.1% | -133.7% | -166.6% | -37.5% | -55.3% | -175.6% | — | — |
| Net margin | -88.6% | -93.0% | -180.0% | -66.2% | -41.2% | -205.3% | — | — |
| Return on equity | -11.7% | -8.6% | -22.5% | -8.2% | -5.6% | -17.9% | — | — |
| Return on assets | -5.1% | -4.4% | -8.9% | -3.3% | -2.5% | -9.6% | — | — |
| Free cash flow yield | -0.8% | -1.6% | 0.5% | 0.1% | -1.2% | 0.8% | — | — |
| Revenue growth | 32.5% | 1.7% | -0.4% | -15.8% | -24.5% | -62.1% | — | — |
| Earnings growth | 26.3% | -47.5% | 170.8% | 35.4% | -84.9% | 272.0% | — | — |
| Current ratio | 0.73x | 0.90x | 0.82x | 1.24x | 1.90x | 1.53x | — | — |
| Debt to equity | 0.35x | 0.28x | 0.45x | 0.45x | 0.01x | 0.31x | — | — |
| Equity ratio | 43.3% | 50.9% | 39.7% | 40.6% | 45.2% | 53.7% | — | — |
| Interest coverage | 1.04x | -5.01x | -5.37x | -1.33x | -4.30x | -5.17x | — | — |
| R&D as a share of sales | — | — | 0.7% | 0.7% | 0.7% | 0.6% | 0.2% | 0.0% |
| Buybacks as a share of market value | 0.6% | 2.1% | -0.5% | 1.3% | -2.1% | 0.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | -3.1% | -15.7% |
| Net income | 21.6% | -18.1% | 17.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.7% | 17.6% | 22.1% | 19.6% |
| Operating margin | -48.3% | -72.9% | -92.7% | -5.4% |
| Net margin | -90.5% | -105.4% | -116.8% | -12.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.1 | -49.2 | -11.2 | -32.8 | -48.4 | -4.3 | -15.1 | 25.5 | 25.9 | 91.9 |
| Price to sales | 24.9 | 45.8 | 20.1 | 21.7 | 19.9 | 8.9 | 3.1 | 1.2 | 1.3 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.022 | 0.03 | 0.03 | 0.05 | 0.05 | 0.10 | 0.06 |
- 2.378-for-1 split · 31 Dec 2021
- 1-to-1 reverse split · 14 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.