D 
3.68
+3.08%
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¥548.4m
FY2016FY2025
Net income
CN¥68.6m
FY2016FY2025
Free cash flow
−CN¥32.5m
FY2016FY2025
Shareholders' equity
CN¥1.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥548.4m | CN¥489.6m | CN¥352.2m | CN¥947.4m | CN¥1.21bn | CN¥826.1m | CN¥912.6m | CN¥911.7m | CN¥565.7m | CN¥1.13bn |
| Gross profit | CN¥32.3m | CN¥42.9m | CN¥49.9m | CN¥92.8m | CN¥418.2m | CN¥198.8m | CN¥262.2m | CN¥167.1m | CN¥129.5m | CN¥311.3m |
| Research and development | — | — | CN¥3.6m | CN¥1.5m | CN¥7.2m | CN¥10.1m | — | — | — | — |
| Operating income | — | −CN¥51.1m | CN¥72.3m | CN¥57.3m | CN¥255.7m | −CN¥83.4m | CN¥116.3m | CN¥62.9m | CN¥43.1m | CN¥219.2m |
| Net income | CN¥68.6m | −CN¥47.7m | CN¥66.1m | CN¥41.6m | CN¥140.6m | −CN¥120.4m | CN¥65.1m | CN¥52.0m | CN¥35.5m | CN¥197.2m |
| Diluted earnings per share | 0.11 | -0.07 | 0.10 | 0.07 | 0.22 | -0.19 | 0.10 | 0.08 | 0.06 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.09bn | CN¥2.23bn | CN¥2.36bn | CN¥2.56bn | CN¥2.51bn | CN¥3.11bn | CN¥2.93bn | CN¥3.47bn | CN¥2.94bn | CN¥2.76bn |
| Cash and short-term investments | — | CN¥420.2m | CN¥257.2m | CN¥339.1m | CN¥453.1m | CN¥657.7m | CN¥396.6m | CN¥740.9m | CN¥540.8m | CN¥681.0m |
| Total liabilities | CN¥490.9m | CN¥634.5m | CN¥681.2m | CN¥915.8m | CN¥833.5m | CN¥1.53bn | CN¥1.20bn | CN¥1.76bn | CN¥1.22bn | CN¥1.04bn |
| Debt | CN¥84.2m | CN¥330.1m | CN¥379.2m | CN¥331.6m | CN¥243.9m | CN¥813.3m | CN¥632.8m | CN¥844.0m | CN¥713.0m | CN¥461.9m |
| Shareholders' equity | CN¥1.60bn | CN¥1.58bn | CN¥1.67bn | CN¥1.65bn | CN¥1.68bn | CN¥1.57bn | CN¥1.73bn | CN¥1.69bn | CN¥1.68bn | CN¥1.70bn |
| Shares outstanding | 638m | 638m | 638m | 639m | 636m | 638m | 635m | 648m | 621m | 625m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥31.3m | −CN¥14.8m | −CN¥298.4m | −CN¥60.0m | CN¥119.3m | CN¥265.1m | −CN¥292.8m | CN¥438.8m | −CN¥154.2m | CN¥593.3m |
| Capital spending | −CN¥1.1m | −CN¥6.5m | −CN¥21.9m | −CN¥8.2m | −CN¥5.0m | −CN¥6.4m | −CN¥8.2m | −CN¥10.1m | −CN¥4.3m | −CN¥524,900 |
| Free cash flow | −CN¥32.5m | −CN¥21.3m | −CN¥320.3m | −CN¥68.2m | CN¥114.4m | CN¥258.7m | −CN¥301.0m | CN¥428.7m | −CN¥158.4m | CN¥592.8m |
| Dividends paid | −CN¥43.2m | −CN¥46.8m | −CN¥61.4m | −CN¥63.8m | −CN¥38.3m | −CN¥64.9m | −CN¥38.9m | −CN¥52.6m | −CN¥115.2m | −CN¥64.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥140.0m | CN¥179.1m | CN¥186.4m | CN¥120.2m | CN¥115.8m | CN¥125.6m | CN¥72.7m | CN¥159.1m |
| Gross profit | CN¥8.4m | CN¥3.4m | CN¥9.4m | CN¥7.9m | CN¥7.8m | CN¥6.7m | CN¥11.9m | CN¥7.6m |
| Operating income | −CN¥9.9m | −CN¥11.8m | −CN¥22.8m | −CN¥13.1m | −CN¥8.6m | CN¥109.2m | −CN¥17.6m | −CN¥9.6m |
| Net income | CN¥3.5m | CN¥41.7m | −CN¥5.6m | −CN¥27.1m | −CN¥11.7m | CN¥112.9m | −CN¥8.9m | −CN¥32.1m |
| Diluted earnings per share | 0.01 | 0.07 | -0.01 | -0.04 | -0.02 | 0.18 | -0.01 | -0.05 |
| Cash from operations | — | — | — | −CN¥9.0m | −CN¥5.0m | −CN¥27.0m | — | −CN¥11.0m |
| Capital spending | — | — | — | — | — | −CN¥1.0m | −CN¥2.0m | — |
| Free cash flow | — | — | — | — | — | −CN¥28.0m | — | — |
| Total assets | CN¥2.08bn | CN¥2.10bn | CN¥2.09bn | CN¥2.14bn | CN¥2.30bn | CN¥2.39bn | CN¥2.23bn | CN¥2.20bn |
| Cash and short-term investments | — | — | — | CN¥507.4m | CN¥580.7m | CN¥529.1m | CN¥420.2m | CN¥386.6m |
| Debt | CN¥167.4m | CN¥84.2m | CN¥84.2m | CN¥73.1m | CN¥288.1m | CN¥327.6m | CN¥327.6m | CN¥330.2m |
| Shareholders' equity | CN¥1.61bn | CN¥1.64bn | CN¥1.60bn | CN¥1.65bn | CN¥1.66bn | CN¥1.70bn | CN¥1.58bn | CN¥1.59bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.9% | 8.8% | 14.2% | 9.8% | 34.5% | 24.1% |
| Operating margin | 19.0% | -6.7% | 22.3% | -1.8% | 18.4% | -10.4% |
| Net margin | 12.5% | -9.7% | 18.8% | 4.4% | 11.6% | -14.6% |
| Return on equity | 4.3% | -3.0% | 4.0% | 2.5% | 8.4% | -7.6% |
| Return on assets | 3.3% | -2.1% | 2.8% | 1.6% | 5.6% | -3.9% |
| Free cash flow yield | -1.2% | -0.3% | -11.2% | -2.1% | 5.0% | 11.0% |
| Revenue growth | 12.0% | 39.0% | -62.8% | -21.8% | 46.7% | -9.5% |
| Earnings growth | -243.8% | -172.2% | 59.0% | -70.5% | -216.8% | -284.8% |
| Current ratio | 4.70x | 3.77x | 3.01x | 1.78x | 1.79x | 1.45x |
| Debt to equity | 0.05x | 0.21x | 0.22x | 0.19x | 0.14x | 0.32x |
| Equity ratio | 76.4% | 71.2% | 70.8% | 64.6% | 66.9% | 50.6% |
| Interest coverage | 5.86x | -1.82x | 4.22x | -0.73x | 5.60x | -1.81x |
| R&D as a share of sales | — | — | 1.0% | 0.2% | 0.6% | 1.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -0.3% | 0.3% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.7% | -7.9% | 5.9% |
| Net income | 18.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.2% | 9.3% | 19.1% | 21.8% |
| Net margin | 2.0% | 5.5% | 3.4% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 38.4 | -40.0 | 32.6 | 65.5 | 14.4 | -15.0 | 30.1 | 38.0 | 82.7 | 34.0 |
| Price to sales | 4.8 | 3.9 | 6.1 | 2.9 | 1.7 | 2.2 | 2.1 | 2.2 | 5.2 | 6.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 15 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.06 | 0.08 | 0.10 | 0.06 | 0.10 | 0.06 |
- 1-to-1 reverse split · 16 Jun 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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