J 
2.97
-0.34%
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¥975.7m
FY2016FY2025
Net income
−CN¥443.8m
FY2016FY2025
Free cash flow
CN¥38.1m
FY2016FY2025
Shareholders' equity
CN¥1.86bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥975.7m | CN¥1.09bn | CN¥1.36bn | CN¥1.36bn | CN¥1.59bn | CN¥1.99bn | CN¥3.15bn | CN¥2.89bn | CN¥2.80bn | CN¥4.24bn |
| Gross profit | CN¥221.6m | CN¥250.7m | CN¥344.5m | CN¥329.6m | CN¥275.5m | CN¥534.4m | CN¥784.6m | CN¥851.1m | CN¥1.03bn | CN¥752.0m |
| Research and development | CN¥11.2m | CN¥11.8m | CN¥24.9m | CN¥28.8m | CN¥26.3m | CN¥18.9m | CN¥32.0m | CN¥27.0m | CN¥33.5m | CN¥23.6m |
| Operating income | −CN¥53.1m | −CN¥300.9m | −CN¥326.6m | −CN¥1.47bn | −CN¥79.1m | CN¥136.8m | CN¥257.6m | CN¥306.3m | CN¥531.4m | CN¥257.5m |
| Net income | −CN¥443.8m | −CN¥349.7m | −CN¥376.1m | −CN¥1.61bn | −CN¥283.8m | −CN¥134.7m | CN¥12.1m | CN¥157.3m | CN¥307.3m | CN¥109.2m |
| Diluted earnings per share | -0.50 | -0.42 | -0.44 | -1.93 | -0.32 | -0.15 | 0.17 | 0.22 | 0.34 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.23bn | CN¥2.88bn | CN¥3.30bn | CN¥3.74bn | CN¥4.32bn | CN¥9.45bn | CN¥10.21bn | CN¥12.28bn | CN¥9.16bn | CN¥6.82bn |
| Cash and short-term investments | — | CN¥137.5m | CN¥178.5m | CN¥306.9m | CN¥619.9m | CN¥496.8m | CN¥628.6m | CN¥1.78bn | CN¥1.51bn | CN¥872.5m |
| Total liabilities | CN¥1.28bn | CN¥2.80bn | CN¥2.92bn | CN¥3.51bn | CN¥2.39bn | CN¥6.80bn | CN¥7.55bn | CN¥9.30bn | CN¥6.34bn | CN¥4.86bn |
| Debt | CN¥265.6m | CN¥309.4m | CN¥933.1m | CN¥1.28bn | CN¥1.55bn | CN¥2.79bn | CN¥2.29bn | CN¥2.49bn | CN¥2.03bn | CN¥770.1m |
| Shareholders' equity | CN¥1.86bn | −CN¥138.3m | CN¥142.3m | −CN¥161.4m | CN¥1.47bn | CN¥1.71bn | CN¥1.83bn | CN¥1.93bn | CN¥1.95bn | CN¥1.70bn |
| Shares outstanding | 886m | 826m | 859m | 834m | 890m | 907m | 73m | 723m | 892m | 858m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥40.8m | CN¥142.2m | CN¥194.4m | CN¥64.7m | −CN¥114.3m | −CN¥382.6m | CN¥704.8m | CN¥1.09bn | −CN¥662.2m | CN¥825.3m |
| Capital spending | −CN¥2.7m | −CN¥10.2m | −CN¥22.7m | −CN¥51.1m | −CN¥170.8m | −CN¥572.9m | −CN¥561.0m | −CN¥540.7m | −CN¥36.4m | −CN¥9.2m |
| Free cash flow | CN¥38.1m | CN¥132.0m | CN¥171.7m | CN¥13.6m | −CN¥285.1m | −CN¥955.5m | CN¥143.8m | CN¥551.8m | −CN¥698.6m | CN¥816.0m |
| Dividends paid | −CN¥21.0m | −CN¥45.0m | −CN¥50.2m | −CN¥64.3m | −CN¥244.9m | −CN¥190.3m | −CN¥253.8m | −CN¥265.3m | −CN¥143.8m | −CN¥170.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥137.9m | CN¥148.1m | CN¥253.8m | CN¥239.4m | CN¥244.7m | CN¥237.7m | CN¥300.2m | CN¥255.0m |
| Gross profit | CN¥67.3m | CN¥67.6m | CN¥68.8m | CN¥52.0m | CN¥57.5m | CN¥43.3m | CN¥36.9m | CN¥68.4m |
| Operating income | −CN¥6.7m | CN¥1.5m | CN¥5.1m | −CN¥45.1m | −CN¥41.8m | −CN¥25.0m | −CN¥272.4m | −CN¥11.8m |
| Net income | −CN¥7.6m | −CN¥216.0m | −CN¥319.9m | −CN¥40.5m | −CN¥42.2m | −CN¥41.2m | −CN¥267.0m | −CN¥20.3m |
| Diluted earnings per share | -0.01 | -0.24 | -0.36 | -0.05 | -0.05 | -0.05 | -0.32 | -0.02 |
| Cash from operations | — | — | — | −CN¥2.0m | CN¥11.0m | CN¥2.0m | CN¥53.0m | CN¥15.0m |
| Capital spending | — | — | — | — | −CN¥1.0m | — | −CN¥5.0m | −CN¥1.0m |
| Free cash flow | — | — | — | — | CN¥10.0m | — | CN¥48.0m | CN¥14.0m |
| Total assets | CN¥2.34bn | CN¥2.34bn | CN¥3.23bn | CN¥2.74bn | CN¥2.80bn | CN¥2.83bn | CN¥2.88bn | CN¥3.13bn |
| Cash and short-term investments | — | — | — | CN¥119.7m | CN¥147.5m | CN¥128.6m | CN¥137.5m | CN¥133.3m |
| Debt | CN¥237.0m | CN¥265.6m | CN¥265.6m | CN¥776.3m | CN¥351.4m | CN¥271.3m | CN¥271.5m | CN¥540.1m |
| Shareholders' equity | CN¥1.65bn | CN¥1.63bn | CN¥1.86bn | −CN¥253.2m | −CN¥221.0m | −CN¥181.8m | −CN¥138.3m | CN¥123.9m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.7% | 22.9% | 25.3% | 24.3% | 17.3% | 26.9% |
| Operating margin | -38.0% | -27.5% | -24.1% | -108.2% | -6.9% | 16.0% |
| Net margin | -45.5% | -32.0% | -27.6% | -118.6% | -17.9% | -6.8% |
| Return on equity | -23.9% | 253.0% | -264.3% | 996.3% | -19.4% | -7.9% |
| Return on assets | -13.7% | -12.2% | -11.4% | -43.0% | -6.6% | -1.4% |
| Free cash flow yield | 1.6% | 6.0% | 8.2% | 4.5% | 2.0% | 6.8% |
| Revenue growth | -10.9% | -19.8% | 0.6% | -14.7% | -20.0% | -36.9% |
| Earnings growth | 26.9% | -7.0% | -76.6% | 466.6% | 110.6% | -1214.6% |
| Current ratio | 2.03x | 0.31x | 0.57x | 1.20x | 1.33x | 1.63x |
| Debt to equity | 0.14x | -1.96x | 6.13x | -7.51x | 0.98x | 1.93x |
| Equity ratio | 57.5% | -4.8% | 4.3% | -4.3% | 33.9% | 18.1% |
| Interest coverage | -4.88x | -4.10x | -4.48x | -16.03x | -0.66x | 1.72x |
| R&D as a share of sales | 1.1% | 1.1% | 1.8% | 2.1% | 1.7% | 1.0% |
| Buybacks as a share of market value | -7.3% | 3.9% | -3.0% | 6.3% | 1.9% | -1143.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | -13.3% | -8.7% |
| Operating income | -66.9% | — | — |
| Net income | -34.9% | 26.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.8% | 23.9% | 23.4% | 25.1% |
| Operating margin | -17.1% | -44.8% | -25.0% | -1.6% |
| Net margin | -38.3% | -58.0% | -38.2% | -9.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.0 | -9.1 | -9.0 | -4.3 | -33.8 | -51.2 | 26.7 | 24.4 | 28.3 | 81.6 |
| Price to sales | 3.2 | 2.9 | 2.5 | 5.1 | 6.0 | 3.5 | 0.1 | 1.3 | 3.1 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2003 | FY2001 | FY1999 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.04 | 0.05 | 0.025 | 0.04 | 0.013 |
- 2-for-1 split · 5 Jul 2016
- 1-to-1 reverse split · 15 Feb 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.