H 
3.22
+0.31%
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¥1.82bn
FY2015FY2024
Net income
−CN¥139.8m
FY2015FY2024
Free cash flow
−CN¥876.7m
FY2015FY2024
Shareholders' equity
CN¥1.76bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.82bn | CN¥2.58bn | CN¥2.41bn | CN¥1.81bn | CN¥1.39bn | CN¥4.83bn | CN¥5.30bn | CN¥10.08bn | CN¥14.24bn | CN¥12.18bn |
| Research and development | CN¥168.8m | CN¥211.9m | CN¥235.1m | CN¥245.9m | CN¥266.2m | CN¥203.1m | CN¥630.9m | CN¥480.1m | CN¥231.6m | CN¥182.6m |
| Operating income | −CN¥237.2m | −CN¥273.0m | −CN¥1.19bn | CN¥1.5m | −CN¥1.20bn | CN¥87.6m | −CN¥2.33bn | −CN¥1.46bn | CN¥67.8m | CN¥58.7m |
| Net income | −CN¥139.8m | −CN¥202.0m | −CN¥1.57bn | CN¥111.7m | −CN¥1.34bn | CN¥85.2m | −CN¥1.64bn | −CN¥994.4m | CN¥230.2m | CN¥162.5m |
| Diluted earnings per share | -0.09 | -0.12 | -0.96 | 0.07 | -5,965.61 | 0.05 | -1.00 | -0.53 | 0.14 | 0.10 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.58bn | CN¥7.36bn | CN¥6.30bn | CN¥8.21bn | CN¥9.21bn | CN¥10.73bn | CN¥11.46bn | CN¥15.79bn | CN¥18.20bn | CN¥17.40bn |
| Cash and short-term investments | CN¥364.5m | CN¥560.1m | CN¥573.0m | CN¥715.9m | CN¥1.11bn | CN¥1.36bn | CN¥670.8m | CN¥1.83bn | CN¥2.34bn | CN¥2.69bn |
| Total liabilities | CN¥3.08bn | CN¥4.58bn | CN¥3.32bn | CN¥3.65bn | CN¥4.77bn | CN¥5.01bn | CN¥5.68bn | CN¥7.53bn | CN¥8.56bn | CN¥7.69bn |
| Debt | CN¥244.5m | CN¥193.9m | CN¥110.3m | CN¥15.2m | CN¥619.4m | CN¥470.0m | CN¥329.2m | CN¥1.91bn | CN¥286.5m | CN¥140.3m |
| Shareholders' equity | CN¥1.76bn | CN¥1.90bn | CN¥2.10bn | CN¥3.68bn | CN¥3.58bn | CN¥4.92bn | CN¥4.88bn | CN¥6.55bn | CN¥7.50bn | CN¥7.36bn |
| Shares outstanding | 1,642m | 1,642m | 1,646m | 1,645m | 0m | 1,645m | 1,644m | 1,870m | 1,645m | 1,644m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥753.0m | CN¥770.3m | CN¥253.1m | CN¥163.0m | CN¥109.8m | −CN¥58.3m | CN¥489.0m | −CN¥1.81bn | CN¥354.4m | CN¥707.2m |
| Capital spending | −CN¥123.6m | −CN¥241.6m | −CN¥293.8m | −CN¥295.7m | −CN¥439.6m | −CN¥460.9m | −CN¥821.2m | −CN¥526.4m | −CN¥624.2m | −CN¥467.4m |
| Free cash flow | −CN¥876.7m | CN¥528.7m | −CN¥40.7m | −CN¥132.7m | −CN¥329.8m | −CN¥519.1m | −CN¥332.3m | −CN¥2.33bn | −CN¥269.8m | CN¥239.8m |
| Dividends paid | −CN¥9.2m | −CN¥6.1m | −CN¥4.6m | −CN¥14.4m | −CN¥23.3m | −CN¥17.8m | −CN¥9.1m | −CN¥9.1m | −CN¥84.1m | −CN¥94.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥120.2m | CN¥204.6m | CN¥604.8m | CN¥393.9m | CN¥275.4m | CN¥739.2m | CN¥462.8m | CN¥177.2m |
| Operating income | −CN¥36.0m | −CN¥49.2m | −CN¥18.0m | −CN¥94.9m | −CN¥45.8m | −CN¥226.5m | CN¥204.9m | −CN¥98.1m |
| Net income | −CN¥65.6m | −CN¥31.8m | CN¥82,009 | −CN¥44.5m | −CN¥30.0m | −CN¥195.9m | CN¥207.7m | −CN¥65.7m |
| Diluted earnings per share | -0.04 | -0.02 | 0.00 | -0.03 | -0.02 | -0.12 | 0.13 | -0.04 |
| Cash from operations | — | — | −CN¥127.0m | −CN¥135.0m | −CN¥29.0m | — | — | −CN¥57.0m |
| Capital spending | — | −CN¥1.0m | −CN¥6.0m | −CN¥11.0m | −CN¥7.0m | −CN¥44.0m | −CN¥25.0m | −CN¥27.0m |
| Free cash flow | — | — | −CN¥133.0m | −CN¥146.0m | −CN¥36.0m | — | — | −CN¥84.0m |
| Total assets | CN¥4.21bn | CN¥4.52bn | CN¥4.99bn | CN¥4.80bn | CN¥5.26bn | CN¥5.58bn | CN¥6.61bn | CN¥6.95bn |
| Cash and short-term investments | — | — | CN¥414.0m | CN¥346.0m | CN¥397.6m | CN¥364.5m | CN¥435.7m | CN¥447.2m |
| Debt | — | — | CN¥702.6m | CN¥211.9m | CN¥223.0m | CN¥238.2m | CN¥249.2m | CN¥235.3m |
| Shareholders' equity | CN¥1.51bn | CN¥1.58bn | CN¥1.68bn | CN¥1.68bn | CN¥1.73bn | CN¥1.76bn | CN¥1.95bn | CN¥1.74bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -13.0% | -10.6% | -49.4% | 0.1% | -86.2% | 1.8% | — | — |
| Net margin | — | -7.7% | -7.8% | -65.3% | 6.2% | -95.9% | 1.8% | — | — |
| Return on equity | — | -8.0% | -10.6% | -74.9% | 3.0% | -37.2% | 1.7% | — | — |
| Return on assets | — | -2.5% | -2.7% | -25.0% | 1.4% | -14.5% | 0.8% | — | — |
| Free cash flow yield | — | -9.5% | 15.3% | 8.2% | 6.9% | 60918.0% | 6.1% | — | — |
| Revenue growth | — | -29.4% | 7.3% | 33.0% | 30.1% | -71.2% | -8.8% | — | — |
| Earnings growth | — | -30.8% | -87.2% | -1509.4% | -108.4% | -1667.1% | -105.2% | — | — |
| Current ratio | — | 1.08x | 0.95x | 0.92x | 0.92x | 0.72x | 0.66x | — | — |
| Debt to equity | — | 0.14x | 0.10x | — | — | -0.02x | -0.33x | 0.07x | 0.29x |
| Equity ratio | — | 31.5% | 25.8% | 33.4% | 44.8% | 38.9% | 45.9% | — | — |
| Interest coverage | — | -16.53x | -16.50x | -124.13x | 0.07x | -36.42x | 3.91x | — | — |
| R&D as a share of sales | — | 9.3% | 8.2% | 9.8% | 13.6% | 19.1% | 4.2% | — | — |
| Buybacks as a share of market value | 0.2% | -0.0% | 0.3% | -0.1% | -735070.9% | 100.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | -17.7% | -17.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.6% | -19.7% | -18.9% | -9.0% |
| Net margin | -7.8% | -20.9% | -20.6% | -7.4% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -49.1 | -39.9 | -5.0 | 86.2 | 36.5 | -2.1 | -8.6 | 38.3 | 64.8 | 40.7 |
| Price to sales | 3.8 | 3.1 | 3.3 | 5.3 | 0.6 | 0.7 | 0.8 | 0.6 | 0.9 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2016.
| FY2016 | FY2008 | FY2007 | FY1994 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.031 | 0.031 |
- 8-for-5 split · 3 Sept 2007
- 1-to-1 reverse split · 5 Dec 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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