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6.11
+5.89%
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¥32.38bn
FY2016FY2025
Net income
CN¥15.2m
FY2016FY2025
Free cash flow
CN¥184.3m
FY2016FY2025
Shareholders' equity
CN¥2.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥32.38bn | CN¥43.79bn | CN¥71.54bn | CN¥94.00bn | CN¥108.55bn | CN¥76.28bn | CN¥83.80bn | CN¥64.93bn | CN¥54.67bn | CN¥40.29bn |
| Gross profit | CN¥1.03bn | CN¥793.5m | CN¥492.5m | CN¥1.32bn | CN¥1.84bn | CN¥1.22bn | CN¥666.5m | CN¥1.56bn | CN¥1.33bn | CN¥1.42bn |
| Research and development | CN¥61.5m | CN¥45.7m | CN¥54.8m | CN¥54.1m | CN¥72.3m | CN¥63.1m | CN¥73.7m | CN¥69.2m | CN¥55.4m | CN¥52.7m |
| Operating income | CN¥466.3m | −CN¥788.7m | −CN¥358.2m | CN¥597.0m | CN¥759.8m | CN¥56.8m | −CN¥1.71bn | CN¥552.0m | CN¥598.7m | CN¥534.3m |
| Net income | CN¥15.2m | −CN¥810.6m | −CN¥596.6m | CN¥50.8m | CN¥45.7m | CN¥11.1m | −CN¥2.49bn | CN¥22.5m | CN¥126.2m | CN¥139.8m |
| Diluted earnings per share | 0.02 | -1.32 | -0.39 | 0.10 | 0.09 | 0.03 | -2.94 | 0.06 | 0.04 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.45bn | CN¥12.84bn | CN¥16.04bn | CN¥16.02bn | CN¥15.71bn | CN¥17.92bn | CN¥19.73bn | CN¥16.39bn | CN¥15.50bn | CN¥15.99bn |
| Cash and short-term investments | — | CN¥2.23bn | CN¥2.19bn | CN¥3.55bn | CN¥3.20bn | CN¥1.98bn | CN¥3.47bn | CN¥2.80bn | CN¥2.36bn | CN¥2.71bn |
| Total liabilities | CN¥11.10bn | CN¥9.77bn | CN¥12.43bn | CN¥12.37bn | CN¥12.22bn | CN¥14.88bn | CN¥16.66bn | CN¥11.33bn | CN¥10.02bn | CN¥10.52bn |
| Debt | CN¥2.52bn | CN¥3.74bn | CN¥5.17bn | CN¥6.59bn | CN¥6.62bn | CN¥7.61bn | CN¥8.59bn | CN¥4.29bn | CN¥3.79bn | CN¥2.64bn |
| Shareholders' equity | CN¥2.28bn | CN¥1.97bn | CN¥2.45bn | CN¥2.53bn | CN¥2.54bn | CN¥2.15bn | CN¥2.31bn | CN¥4.41bn | CN¥4.95bn | CN¥5.02bn |
| Shares outstanding | 668m | 612m | 1,524m | 528m | 527m | 419m | 848m | 407m | 3,089m | 4,826m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥341.6m | CN¥788.2m | CN¥614.0m | CN¥354.1m | CN¥2.99bn | CN¥82.3m | −CN¥2.87bn | −CN¥551.9m | CN¥320.1m | CN¥636.6m |
| Capital spending | −CN¥157.3m | −CN¥155.4m | −CN¥183.8m | −CN¥102.2m | −CN¥193.2m | −CN¥232.9m | −CN¥243.7m | −CN¥383.2m | −CN¥238.6m | −CN¥795.5m |
| Free cash flow | CN¥184.3m | CN¥632.7m | CN¥430.2m | CN¥251.9m | CN¥2.80bn | −CN¥150.6m | −CN¥3.12bn | −CN¥935.0m | CN¥81.5m | −CN¥158.9m |
| Dividends paid | −CN¥341.2m | −CN¥422.7m | −CN¥447.6m | −CN¥419.3m | −CN¥569.6m | −CN¥647.5m | −CN¥5.3m | −CN¥789.1m | −CN¥551.2m | −CN¥419.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.77bn | CN¥7.64bn | CN¥5.46bn | CN¥10.60bn | CN¥9.31bn | CN¥7.01bn | CN¥9.56bn | CN¥9.13bn |
| Gross profit | CN¥95.6m | CN¥121.7m | CN¥314.2m | CN¥257.4m | CN¥202.4m | CN¥256.2m | CN¥36.2m | CN¥355.9m |
| Operating income | −CN¥22.8m | −CN¥49.5m | CN¥50.5m | CN¥72.6m | CN¥18.1m | CN¥93.2m | −CN¥518.3m | −CN¥47.8m |
| Net income | CN¥412.0m | CN¥10.8m | CN¥8.6m | CN¥62.6m | −CN¥64.0m | CN¥8.1m | −CN¥670.8m | −CN¥64.5m |
| Diluted earnings per share | 0.62 | 0.02 | 0.01 | 0.09 | -0.10 | 0.01 | -1.10 | -0.11 |
| Cash from operations | — | — | — | −CN¥1.78bn | CN¥701.0m | −CN¥303.0m | — | CN¥1.53bn |
| Capital spending | −CN¥13.0m | −CN¥28.0m | −CN¥51.0m | −CN¥49.0m | −CN¥26.0m | −CN¥30.0m | −CN¥72.0m | −CN¥33.0m |
| Free cash flow | — | — | — | −CN¥1.82bn | CN¥675.0m | −CN¥333.0m | — | CN¥1.50bn |
| Total assets | CN¥16.29bn | CN¥15.59bn | CN¥14.45bn | CN¥17.16bn | CN¥17.93bn | CN¥16.01bn | CN¥12.84bn | CN¥18.80bn |
| Cash and short-term investments | — | — | — | CN¥2.50bn | CN¥3.25bn | CN¥2.57bn | CN¥2.23bn | CN¥3.17bn |
| Debt | CN¥1.72bn | CN¥2.60bn | CN¥2.52bn | CN¥8.56bn | CN¥6.88bn | CN¥5.00bn | CN¥3.52bn | CN¥7.60bn |
| Shareholders' equity | CN¥2.62bn | CN¥2.24bn | CN¥2.28bn | −CN¥506.1m | CN¥2.45bn | CN¥2.23bn | CN¥1.97bn | CN¥2.24bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.2% | 1.8% | 0.7% | 1.4% | 1.7% | 1.6% |
| Operating margin | 1.4% | -0.9% | -0.5% | 0.7% | 0.7% | 0.9% |
| Net margin | 0.0% | -1.9% | -0.8% | 0.1% | 0.0% | 0.0% |
| Return on equity | 0.7% | -41.1% | -24.3% | 2.0% | 1.8% | 0.5% |
| Return on assets | 0.1% | -6.3% | -3.7% | 0.3% | 0.3% | 0.1% |
| Free cash flow yield | 14.2% | 29.4% | 10.0% | 16.5% | 115.0% | 14.3% |
| Revenue growth | -26.1% | -38.8% | -23.9% | -13.4% | 42.3% | -9.0% |
| Earnings growth | -101.9% | 35.9% | -1273.5% | 11.3% | 312.7% | -100.4% |
| Current ratio | 1.04x | 0.96x | 1.13x | 1.06x | 1.06x | 1.09x |
| Debt to equity | 1.10x | 1.78x | 1.97x | 2.52x | 2.55x | 3.14x |
| Equity ratio | 15.8% | 15.4% | 15.3% | 15.8% | 16.2% | 12.0% |
| Interest coverage | 1.87x | -1.07x | -0.83x | 1.87x | 1.45x | 1.26x |
| R&D as a share of sales | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | -9.1% | 59.8% | -188.6% | -0.2% | -25.9% | 50.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.9% | -15.7% | 1.0% |
| Operating income | -7.9% | 52.4% | 26.2% |
| Net income | -33.1% | 6.6% | -17.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.4% | 1.5% | 1.6% | 1.8% |
| Operating margin | -0.4% | -0.0% | 0.2% | 0.1% |
| Net margin | -1.0% | -0.6% | -0.3% | -0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 287.9 | -3.5 | -15.7 | 60.9 | 62.4 | 192.9 | -1.8 | 109.4 | 245.1 | — |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.6 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.031 | 0.062 | 0.055 | 0.10 | 0.14 | 0.07 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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