N 
5.24
-0.19%
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¥2.26bn
FY2016FY2025
Net income
−CN¥47.8m
FY2016FY2025
Free cash flow
CN¥77.7m
FY2016FY2025
Shareholders' equity
CN¥2.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.26bn | CN¥2.46bn | CN¥2.68bn | CN¥3.02bn | CN¥4.02bn | CN¥3.84bn | CN¥4.48bn | CN¥3.96bn | CN¥2.77bn | CN¥2.31bn |
| Gross profit | CN¥519.9m | CN¥585.4m | CN¥632.3m | CN¥605.7m | CN¥734.4m | CN¥740.2m | CN¥858.3m | CN¥810.3m | CN¥728.1m | CN¥539.1m |
| Research and development | CN¥22.3m | CN¥25.8m | CN¥21.7m | CN¥2.9m | CN¥13.2m | CN¥3.8m | CN¥4.3m | CN¥6.6m | CN¥22.1m | CN¥21.3m |
| Operating income | CN¥103.4m | CN¥119.3m | CN¥69.3m | −CN¥49.6m | −CN¥77.3m | CN¥17.9m | CN¥137.3m | CN¥109.1m | CN¥99.6m | CN¥6.3m |
| Net income | −CN¥47.8m | CN¥77.7m | CN¥43.1m | −CN¥140.3m | −CN¥109.1m | CN¥9.1m | CN¥33.8m | CN¥59.9m | CN¥111.1m | CN¥16.3m |
| Diluted earnings per share | -0.07 | 0.10 | 0.06 | -0.17 | -0.15 | 0.01 | 0.04 | 0.08 | 0.17 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.59bn | CN¥4.61bn | CN¥4.45bn | CN¥4.68bn | CN¥5.10bn | CN¥5.21bn | CN¥5.30bn | CN¥5.40bn | CN¥5.05bn | CN¥3.12bn |
| Cash and short-term investments | — | CN¥230.7m | CN¥149.4m | CN¥231.2m | CN¥334.8m | CN¥215.0m | CN¥224.9m | CN¥472.5m | CN¥479.1m | CN¥354.3m |
| Total liabilities | CN¥1.94bn | CN¥1.90bn | CN¥1.79bn | CN¥2.16bn | CN¥2.43bn | CN¥2.44bn | CN¥2.46bn | CN¥2.57bn | CN¥2.33bn | CN¥1.29bn |
| Debt | CN¥335.3m | CN¥1.08bn | CN¥1.34bn | CN¥1.56bn | CN¥1.65bn | CN¥1.79bn | CN¥1.77bn | CN¥1.69bn | CN¥1.28bn | CN¥838.5m |
| Shareholders' equity | CN¥2.50bn | CN¥2.57bn | CN¥2.52bn | CN¥2.48bn | CN¥2.62bn | CN¥2.73bn | CN¥2.76bn | CN¥2.73bn | CN¥2.59bn | CN¥1.74bn |
| Shares outstanding | 720m | 753m | 730m | 833m | 713m | 784m | 762m | 741m | 661m | 701m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥152.2m | CN¥330.0m | CN¥280.3m | CN¥258.9m | CN¥579.2m | CN¥386.6m | CN¥213.4m | CN¥172.7m | CN¥381.8m | −CN¥68.5m |
| Capital spending | −CN¥74.5m | −CN¥267.4m | −CN¥106.2m | −CN¥302.5m | −CN¥124.6m | −CN¥42.5m | −CN¥310.2m | −CN¥336.1m | −CN¥405.2m | −CN¥232.4m |
| Free cash flow | CN¥77.7m | CN¥62.6m | CN¥174.1m | −CN¥43.6m | CN¥454.6m | CN¥344.2m | −CN¥96.8m | −CN¥163.4m | −CN¥23.4m | −CN¥300.9m |
| Dividends paid | −CN¥88.6m | −CN¥95.9m | −CN¥74.1m | −CN¥89.1m | −CN¥95.7m | −CN¥14.9m | −CN¥100.8m | −CN¥133.9m | −CN¥64.0m | −CN¥86.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥545.6m | CN¥646.2m | CN¥787.7m | CN¥540.9m | CN¥485.8m | CN¥441.9m | CN¥876.4m | CN¥615.2m |
| Gross profit | CN¥137.4m | CN¥139.8m | CN¥187.4m | CN¥128.3m | CN¥116.3m | CN¥88.0m | CN¥219.4m | CN¥159.8m |
| Operating income | CN¥30.2m | CN¥53.9m | CN¥51.9m | −CN¥25,428 | CN¥16.0m | CN¥478,822 | CN¥55.6m | CN¥46.9m |
| Net income | −CN¥1.6m | CN¥32.9m | −CN¥54.6m | −CN¥946,223 | CN¥5.5m | CN¥2.3m | CN¥36.0m | CN¥30.8m |
| Diluted earnings per share | -0.00 | 0.05 | -0.08 | -0.00 | 0.01 | 0.00 | 0.05 | 0.04 |
| Cash from operations | — | — | — | CN¥129.0m | −CN¥39.0m | CN¥6.0m | — | CN¥20.0m |
| Capital spending | −CN¥21.0m | −CN¥12.0m | −CN¥33.0m | −CN¥12.0m | −CN¥6.0m | −CN¥22.0m | −CN¥81.0m | −CN¥57.0m |
| Free cash flow | — | — | — | CN¥117.0m | −CN¥45.0m | −CN¥16.0m | — | −CN¥37.0m |
| Total assets | CN¥4.36bn | CN¥4.54bn | CN¥4.59bn | CN¥4.57bn | CN¥4.59bn | CN¥4.47bn | CN¥4.61bn | CN¥4.46bn |
| Cash and short-term investments | — | — | — | CN¥146.9m | CN¥125.2m | CN¥173.4m | CN¥230.7m | CN¥77.5m |
| Debt | CN¥239.1m | CN¥301.9m | CN¥335.3m | CN¥770.4m | CN¥1.21bn | CN¥1.11bn | CN¥1.08bn | CN¥998.9m |
| Shareholders' equity | CN¥2.53bn | CN¥2.53bn | CN¥2.50bn | CN¥2.55bn | CN¥2.54bn | CN¥2.57bn | CN¥2.57bn | CN¥2.53bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.0% | 23.8% | 23.6% | 20.1% | 18.2% | 19.3% |
| Operating margin | -0.1% | 6.6% | 5.2% | -1.6% | 0.8% | 3.4% |
| Net margin | -2.1% | 3.2% | 1.6% | -4.7% | -2.7% | 0.2% |
| Return on equity | -1.9% | 3.0% | 1.7% | -5.7% | -4.2% | 0.3% |
| Return on assets | -1.0% | 1.7% | 1.0% | -3.0% | -2.1% | 0.2% |
| Free cash flow yield | 6.6% | 16.6% | 11.1% | 14.1% | 20.6% | 11.4% |
| Revenue growth | -8.4% | -7.9% | -11.3% | -25.1% | 4.8% | -14.2% |
| Earnings growth | -161.5% | 80.5% | -130.7% | 28.6% | -1297.5% | -73.1% |
| Current ratio | 0.99x | 0.97x | 1.05x | 0.90x | 1.13x | 1.00x |
| Debt to equity | 0.13x | 0.42x | 0.51x | 0.45x | 0.67x | 0.47x |
| Equity ratio | 54.4% | 55.7% | 56.6% | 52.9% | 51.3% | 52.3% |
| Interest coverage | -0.04x | 3.42x | 1.99x | -0.63x | 0.31x | 1.14x |
| R&D as a share of sales | 1.0% | 1.0% | 0.8% | 0.1% | 0.3% | 0.1% |
| Buybacks as a share of market value | 4.4% | -3.2% | 12.3% | -16.8% | 9.0% | -2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | -10.1% | 1.8% |
| Operating income | — | 42.0% | -3.5% |
| Net income | -30.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.4% | 22.5% | 20.9% | 21.9% |
| Operating margin | 4.7% | 2.3% | 1.0% | 2.0% |
| Net margin | 0.6% | -0.6% | -0.9% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -93.8 | 66.7 | 102.0 | -47.5 | -22.4 | 283.8 | 93.6 | 34.5 | 33.4 | 346.3 |
| Price to sales | 2.0 | 2.1 | 1.6 | 2.2 | 0.6 | 0.7 | 0.7 | 0.5 | 1.3 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 15 Aug 2025.
| FY2025 | FY2024 | FY2020 | FY2018 | FY2016 | FY2015 | FY2014 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.02 | 0.072 | 0.05 | 0.03 | 0.025 | 0.025 |
- 2-for-1 split · 24 Jun 2016
- 1-to-1 reverse split · 27 Nov 2006
- 13-for-10 split · 26 Jun 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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