T 
3.10
-0.64%
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¥17.87bn
FY2016FY2025
Net income
−CN¥286.1m
FY2016FY2025
Free cash flow
−CN¥608.2m
FY2016FY2025
Shareholders' equity
CN¥5.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.87bn | CN¥19.07bn | CN¥21.07bn | CN¥20.25bn | CN¥21.20bn | CN¥18.84bn | CN¥20.16bn | CN¥19.23bn | CN¥19.02bn | CN¥15.63bn |
| Gross profit | CN¥1.35bn | CN¥476.9m | CN¥1.17bn | CN¥1.36bn | CN¥1.12bn | CN¥1.09bn | CN¥1.44bn | CN¥1.03bn | CN¥1.07bn | CN¥1.03bn |
| Research and development | CN¥35.0m | CN¥36.8m | CN¥35.4m | CN¥31.0m | CN¥23.5m | CN¥24.7m | CN¥10.5m | CN¥7.1m | CN¥6.9m | CN¥10.4m |
| Operating income | CN¥667.4m | CN¥449.5m | CN¥382.8m | CN¥440.9m | CN¥401.5m | CN¥287.0m | CN¥557.5m | CN¥657.7m | CN¥689.9m | CN¥840.7m |
| Net income | −CN¥286.1m | CN¥114.1m | CN¥182.8m | CN¥178.2m | CN¥250.1m | CN¥200.0m | CN¥315.6m | CN¥309.4m | CN¥299.8m | CN¥270.9m |
| Diluted earnings per share | -0.19 | 0.08 | 0.12 | 0.12 | 0.17 | 0.14 | 0.21 | 0.21 | 0.20 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥43.01bn | CN¥45.38bn | CN¥41.20bn | CN¥40.05bn | CN¥37.26bn | CN¥33.61bn | CN¥34.24bn | CN¥34.62bn | CN¥32.81bn | CN¥32.08bn |
| Cash and short-term investments | — | CN¥3.35bn | CN¥3.34bn | CN¥3.47bn | CN¥3.51bn | CN¥3.00bn | CN¥2.11bn | CN¥4.00bn | CN¥3.90bn | CN¥4.93bn |
| Total liabilities | CN¥36.19bn | CN¥38.96bn | CN¥34.59bn | CN¥33.48bn | CN¥30.85bn | CN¥27.58bn | CN¥28.26bn | CN¥29.46bn | CN¥27.97bn | CN¥27.74bn |
| Debt | CN¥9.55bn | CN¥17.28bn | CN¥19.68bn | CN¥15.27bn | CN¥14.46bn | CN¥14.01bn | CN¥12.80bn | CN¥18.50bn | CN¥18.77bn | CN¥19.25bn |
| Shareholders' equity | CN¥5.41bn | CN¥5.74bn | CN¥5.67bn | CN¥5.51bn | CN¥5.34bn | CN¥4.96bn | CN¥4.81bn | CN¥4.01bn | CN¥3.78bn | CN¥3.53bn |
| Shares outstanding | 1,469m | 1,476m | 1,475m | 1,479m | 1,473m | 1,473m | 1,473m | 1,473m | 1,472m | 1,472m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥166.5m | −CN¥143.9m | CN¥562.9m | CN¥221.8m | −CN¥921.9m | CN¥303.9m | CN¥1.28bn | CN¥1.34bn | CN¥781.0m | −CN¥1.06bn |
| Capital spending | −CN¥441.7m | −CN¥415.3m | −CN¥715.2m | −CN¥946.9m | −CN¥1.30bn | −CN¥1.30bn | −CN¥619.1m | −CN¥357.7m | −CN¥443.9m | −CN¥210.1m |
| Free cash flow | −CN¥608.2m | −CN¥559.2m | −CN¥152.3m | −CN¥725.1m | −CN¥2.22bn | −CN¥1.00bn | CN¥656.2m | CN¥983.1m | CN¥337.1m | −CN¥1.27bn |
| Dividends paid | −CN¥1.21bn | −CN¥1.26bn | −CN¥1.17bn | −CN¥14.8m | −CN¥14.8m | −CN¥59.0m | −CN¥59.0m | −CN¥1.56bn | −CN¥1.22bn | −CN¥630.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥975.9m | CN¥989.5m | CN¥3.83bn | CN¥5.26bn | CN¥4.65bn | CN¥4.13bn | CN¥4.70bn | CN¥4.26bn |
| Gross profit | CN¥135.2m | CN¥106.2m | CN¥430.2m | CN¥165.7m | CN¥192.5m | CN¥166.0m | −CN¥32.5m | CN¥171.3m |
| Operating income | CN¥86.8m | CN¥54.6m | CN¥325.0m | CN¥17.3m | CN¥183.4m | −CN¥9.8m | −CN¥82.1m | CN¥38.6m |
| Net income | CN¥45.2m | CN¥10.4m | −CN¥356.1m | CN¥4.6m | CN¥57.8m | CN¥7.6m | −CN¥23.3m | CN¥38.4m |
| Diluted earnings per share | 0.03 | 0.01 | -0.24 | 0.00 | 0.04 | 0.01 | -0.02 | 0.03 |
| Cash from operations | — | — | — | CN¥278.0m | CN¥1.0m | CN¥1.0m | — | −CN¥241.0m |
| Capital spending | −CN¥83.0m | −CN¥301.0m | −CN¥64.0m | −CN¥71.0m | −CN¥125.0m | −CN¥179.0m | −CN¥154.0m | −CN¥85.0m |
| Free cash flow | — | — | — | CN¥207.0m | −CN¥124.0m | −CN¥178.0m | — | −CN¥326.0m |
| Total assets | CN¥38.45bn | CN¥43.11bn | CN¥43.01bn | CN¥41.97bn | CN¥45.95bn | CN¥45.98bn | CN¥45.38bn | CN¥42.50bn |
| Cash and short-term investments | — | — | — | CN¥2.76bn | CN¥3.21bn | CN¥3.53bn | CN¥3.35bn | CN¥3.23bn |
| Debt | CN¥8.86bn | CN¥8.77bn | CN¥9.55bn | CN¥17.68bn | CN¥18.55bn | CN¥20.83bn | CN¥17.27bn | CN¥24.18bn |
| Shareholders' equity | CN¥5.42bn | CN¥5.43bn | CN¥5.41bn | CN¥5.73bn | CN¥5.76bn | CN¥5.73bn | CN¥5.74bn | CN¥5.75bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.3% | 2.5% | 5.6% | 6.7% | 5.3% | 5.8% |
| Operating margin | 2.4% | 2.6% | 5.2% | 5.0% | 5.0% | 8.9% |
| Net margin | -1.6% | 0.6% | 0.9% | 0.9% | 1.2% | 1.1% |
| Return on equity | -5.3% | 2.0% | 3.2% | 3.2% | 4.7% | 4.0% |
| Return on assets | -0.7% | 0.3% | 0.4% | 0.4% | 0.7% | 0.6% |
| Free cash flow yield | 5.6% | 5.5% | 25.8% | 23.5% | 7.6% | 32.5% |
| Revenue growth | -6.3% | -9.5% | 4.0% | -4.5% | 12.5% | -6.6% |
| Earnings growth | -350.7% | -37.6% | 2.6% | -28.8% | 25.0% | -36.6% |
| Current ratio | 1.21x | 1.20x | 1.09x | 1.10x | 1.07x | 1.06x |
| Debt to equity | 1.76x | 3.01x | 3.43x | 2.33x | 2.37x | 2.27x |
| Equity ratio | 12.6% | 12.6% | 13.8% | 13.8% | 14.3% | 14.8% |
| Interest coverage | 0.50x | 0.68x | 1.33x | 1.51x | 1.36x | 2.16x |
| R&D as a share of sales | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.5% | -0.1% | 0.3% | -0.4% | -0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | -1.1% | 6.3% |
| Operating income | 14.8% | 18.4% | 6.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.9% | 5.6% | 5.5% | 5.9% |
| Operating margin | 3.0% | 2.5% | 2.2% | 2.8% |
| Net margin | -0.5% | 0.2% | 0.5% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.4 | 53.5 | 31.4 | 33.5 | 25.4 | 37.5 | 17.6 | 14.3 | 21.7 | 30.0 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.2 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 26 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.04 | 0.02 | 0.01 | 0.01 | 0.04 | 0.04 | 0.035 |
- 7-for-5 split · 20 May 2008
- 1-to-1 reverse split · 12 Dec 2005
- 13-for-10 split · 6 Jul 2004
- 9-for-5 split · 28 Apr 2003
- 3-for-2 split · 26 Jun 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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