G 
7.06
0.00%
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¥75.05bn
FY2016FY2025
Net income
−CN¥133.6m
FY2016FY2025
Free cash flow
−CN¥601.1m
FY2016FY2025
Shareholders' equity
CN¥2.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥75.05bn | CN¥88.07bn | CN¥86.30bn | CN¥82.01bn | CN¥81.56bn | CN¥59.04bn | CN¥67.75bn | CN¥66.03bn | CN¥101.53bn | CN¥75.75bn |
| Gross profit | CN¥533.5m | CN¥584.0m | CN¥454.6m | CN¥510.0m | CN¥973.9m | CN¥755.5m | CN¥949.9m | CN¥426.7m | CN¥669.0m | CN¥1.73bn |
| Research and development | CN¥16.9m | CN¥23.1m | CN¥32.5m | CN¥8.3m | CN¥1.9m | — | — | — | — | — |
| Operating income | CN¥108.6m | −CN¥150.3m | −CN¥239.6m | CN¥247.9m | CN¥350.6m | CN¥123.8m | CN¥280.4m | CN¥147.4m | CN¥284.2m | CN¥672.1m |
| Net income | −CN¥133.6m | −CN¥301.8m | −CN¥377.3m | CN¥114.6m | CN¥222.1m | −CN¥113.2m | CN¥169.2m | CN¥47.7m | −CN¥192.6m | CN¥390.9m |
| Diluted earnings per share | -0.26 | -0.58 | -0.74 | 0.25 | 0.44 | -0.19 | 0.31 | 0.08 | -0.31 | 0.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.02bn | CN¥7.80bn | CN¥7.13bn | CN¥7.79bn | CN¥7.63bn | CN¥6.61bn | CN¥6.85bn | CN¥6.96bn | CN¥9.00bn | CN¥12.33bn |
| Cash and short-term investments | — | CN¥2.49bn | CN¥2.44bn | CN¥2.90bn | CN¥3.94bn | CN¥3.14bn | CN¥3.14bn | CN¥3.20bn | CN¥3.24bn | CN¥4.94bn |
| Total liabilities | CN¥4.66bn | CN¥5.18bn | CN¥4.25bn | CN¥4.52bn | CN¥4.53bn | CN¥3.80bn | CN¥3.99bn | CN¥4.26bn | CN¥6.34bn | CN¥9.14bn |
| Debt | CN¥164.9m | CN¥595.5m | CN¥1.46bn | CN¥851.4m | CN¥723.9m | CN¥328.6m | CN¥175.5m | CN¥309.4m | CN¥1.07bn | CN¥2.53bn |
| Shareholders' equity | CN¥2.15bn | CN¥2.35bn | CN¥2.64bn | CN¥3.02bn | CN¥2.88bn | CN¥2.64bn | CN¥2.78bn | CN¥2.59bn | CN¥2.55bn | CN¥2.83bn |
| Shares outstanding | 507m | 519m | 513m | 466m | 504m | 589m | 544m | 587m | 612m | 612m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥581.8m | CN¥1.64bn | −CN¥102.4m | −CN¥841.9m | CN¥767.6m | −CN¥340.3m | CN¥344.6m | −CN¥1.08bn | −CN¥438.2m | CN¥21.6m |
| Capital spending | −CN¥19.3m | −CN¥30.3m | −CN¥55.6m | −CN¥87.8m | −CN¥26.2m | −CN¥24.6m | −CN¥76.7m | −CN¥9.6m | −CN¥23.2m | −CN¥29.7m |
| Free cash flow | −CN¥601.1m | CN¥1.61bn | −CN¥158.0m | −CN¥929.7m | CN¥741.4m | −CN¥364.9m | CN¥267.9m | −CN¥1.09bn | −CN¥461.4m | −CN¥8.1m |
| Dividends paid | −CN¥52.1m | −CN¥81.6m | −CN¥103.1m | −CN¥112.3m | −CN¥20.0m | −CN¥24.4m | −CN¥40.9m | −CN¥62.3m | −CN¥209.4m | −CN¥251.3m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.52bn | CN¥23.89bn | CN¥22.05bn | CN¥11.57bn | CN¥21.80bn | CN¥22.13bn | CN¥19.55bn | CN¥21.47bn |
| Gross profit | CN¥229.3m | CN¥350.3m | CN¥245.8m | CN¥295.5m | CN¥97.9m | CN¥16.1m | CN¥124.0m | CN¥145.8m |
| Operating income | −CN¥33.0m | CN¥186.8m | CN¥44.7m | CN¥165.7m | CN¥11.8m | CN¥18.2m | CN¥41.2m | −CN¥143.8m |
| Net income | CN¥129.3m | CN¥156.7m | CN¥58.4m | −CN¥165.8m | CN¥3.1m | CN¥16.2m | CN¥12.9m | −CN¥225.7m |
| Diluted earnings per share | 0.25 | 0.31 | 0.12 | -0.33 | 0.01 | 0.03 | 0.03 | -0.43 |
| Cash from operations | — | — | — | — | CN¥354.0m | CN¥354.0m | −CN¥1.09bn | CN¥1.07bn |
| Capital spending | −CN¥10.0m | −CN¥10.0m | −CN¥6.0m | −CN¥7.0m | −CN¥5.0m | −CN¥2.0m | −CN¥4.0m | −CN¥7.0m |
| Free cash flow | — | — | — | — | CN¥349.0m | CN¥352.0m | −CN¥1.09bn | CN¥1.06bn |
| Total assets | CN¥9.45bn | CN¥8.99bn | CN¥9.80bn | CN¥7.02bn | CN¥8.43bn | CN¥8.26bn | CN¥8.89bn | CN¥7.80bn |
| Cash and short-term investments | — | — | — | — | CN¥2.51bn | CN¥2.64bn | CN¥2.46bn | CN¥2.49bn |
| Debt | CN¥153.0m | CN¥185.7m | CN¥216.6m | CN¥164.9m | CN¥2.75bn | CN¥1.15bn | CN¥1.64bn | CN¥593.0m |
| Shareholders' equity | CN¥2.36bn | CN¥2.35bn | CN¥2.20bn | CN¥2.15bn | CN¥2.38bn | CN¥2.38bn | CN¥2.36bn | CN¥2.35bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 0.7% | 0.7% | 0.5% | 0.6% | 1.2% | 1.3% |
| Operating margin | -0.0% | -0.1% | -0.1% | 0.4% | 0.5% | 0.3% |
| Net margin | -0.2% | -0.3% | -0.4% | 0.1% | 0.3% | -0.2% |
| Return on equity | -6.2% | -12.8% | -14.3% | 3.8% | 7.7% | -4.3% |
| Return on assets | -1.9% | -3.9% | -5.3% | 1.5% | 2.9% | -1.7% |
| Free cash flow yield | -14.0% | 40.4% | -1.1% | -20.4% | 19.8% | -6.7% |
| Revenue growth | -14.8% | 2.1% | 5.2% | 0.5% | 38.1% | -12.9% |
| Earnings growth | -55.7% | -20.0% | -429.3% | -48.4% | -296.2% | -166.9% |
| Current ratio | 1.33x | 1.34x | 1.53x | 1.53x | 1.62x | 1.66x |
| Debt to equity | 0.08x | 0.25x | 0.48x | 0.27x | 0.21x | 0.12x |
| Equity ratio | 30.6% | 30.1% | 37.0% | 38.7% | 37.8% | 39.9% |
| Interest coverage | -0.45x | -0.54x | -0.75x | 3.90x | 6.09x | 3.53x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Buybacks as a share of market value | 2.3% | -1.2% | -10.1% | 7.6% | 14.3% | -8.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | 4.9% | 3.1% |
| Operating income | -24.0% | -2.6% | -17.2% |
| Net income | — | 3.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.7% | 0.6% | 0.8% | 1.0% |
| Operating margin | -0.0% | -0.0% | 0.1% | 0.3% |
| Net margin | -0.3% | -0.2% | -0.1% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -30.1 | -9.9 | -9.9 | 38.0 | 56.4 | -73.5 | 24.2 | 79.3 | -42.0 | 38.6 |
| Price to sales | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Oct 2017.
| FY2017 | FY2016 | |
|---|---|---|
| Paid in the year | 0.16 | 0.167 |
- 2-for-1 split · 21 Oct 2016
- 1-to-1 reverse split · 28 Dec 2006
- 3-for-2 split · 26 Sept 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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