G 
2.01
-0.50%
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¥26.13bn
FY2016FY2025
Net income
−CN¥1.15bn
FY2016FY2025
Free cash flow
CN¥555.9m
FY2016FY2025
Shareholders' equity
CN¥6.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥26.13bn | CN¥31.18bn | CN¥39.01bn | CN¥39.35bn | CN¥45.48bn | CN¥31.56bn | CN¥29.14bn | CN¥27.11bn | CN¥25.11bn | CN¥13.97bn |
| Gross profit | CN¥2.17bn | −CN¥167.5m | CN¥851.2m | −CN¥9.8m | CN¥3.44bn | CN¥3.81bn | CN¥3.50bn | CN¥4.73bn | CN¥3.60bn | CN¥604.2m |
| Research and development | CN¥514.7m | CN¥620.8m | CN¥769.0m | CN¥818.6m | CN¥648.5m | CN¥1.07bn | CN¥1.03bn | CN¥1.32bn | CN¥880.7m | CN¥467.1m |
| Operating income | CN¥67.3m | −CN¥1.16bn | CN¥100.1m | −CN¥1.50bn | CN¥2.29bn | CN¥2.26bn | CN¥1.95bn | CN¥3.40bn | CN¥2.87bn | CN¥15.2m |
| Net income | −CN¥1.15bn | −CN¥1.20bn | CN¥49.0m | −CN¥1.28bn | CN¥1.92bn | CN¥1.86bn | CN¥1.82bn | CN¥3.31bn | CN¥2.58bn | CN¥101.4m |
| Diluted earnings per share | -0.47 | -0.50 | 0.02 | -0.53 | 0.77 | 0.77 | 0.75 | 1.37 | 1.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥18.44bn | CN¥20.33bn | CN¥21.26bn | CN¥20.13bn | CN¥20.60bn | CN¥17.76bn | CN¥17.17bn | CN¥16.43bn | CN¥14.42bn | CN¥14.98bn |
| Cash and short-term investments | — | CN¥677.4m | CN¥1.03bn | CN¥688.3m | CN¥2.64bn | CN¥1.65bn | CN¥1.58bn | CN¥1.49bn | CN¥1.09bn | CN¥1.20bn |
| Total liabilities | CN¥11.69bn | CN¥12.42bn | CN¥12.14bn | CN¥10.94bn | CN¥9.64bn | CN¥8.25bn | CN¥9.17bn | CN¥10.25bn | CN¥11.44bn | CN¥14.52bn |
| Debt | CN¥1.23bn | CN¥1.95bn | CN¥2.71bn | CN¥2.45bn | CN¥2.84bn | CN¥1.69bn | CN¥3.24bn | CN¥3.89bn | CN¥5.17bn | CN¥7.37bn |
| Shareholders' equity | CN¥6.75bn | CN¥7.91bn | CN¥9.11bn | CN¥9.19bn | CN¥10.95bn | CN¥9.51bn | CN¥8.00bn | CN¥6.18bn | CN¥2.97bn | CN¥458.5m |
| Shares outstanding | 2,473m | 2,423m | 2,441m | 2,424m | 2,505m | 2,420m | 2,419m | 2,419m | 2,419m | 2,427m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.50bn | CN¥1.31bn | CN¥1.35bn | CN¥1.01bn | CN¥3.39bn | CN¥3.06bn | CN¥2.07bn | CN¥4.16bn | CN¥3.51bn | CN¥431.8m |
| Capital spending | −CN¥940.3m | −CN¥1.14bn | −CN¥1.30bn | −CN¥1.40bn | −CN¥1.81bn | −CN¥1.42bn | −CN¥1.15bn | −CN¥874.3m | −CN¥548.0m | −CN¥1.05bn |
| Free cash flow | CN¥555.9m | CN¥164.1m | CN¥50.5m | −CN¥390.5m | CN¥1.58bn | CN¥1.65bn | CN¥920.4m | CN¥3.29bn | CN¥2.96bn | −CN¥618.5m |
| Dividends paid | −CN¥91.2m | −CN¥81.6m | −CN¥157.1m | −CN¥484.7m | −CN¥483.9m | −CN¥362.9m | −CN¥144.8m | −CN¥229.6m | −CN¥337.0m | −CN¥440.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.70bn | CN¥5.70bn | CN¥6.12bn | CN¥7.18bn | CN¥7.16bn | CN¥5.67bn | CN¥8.11bn | CN¥6.79bn |
| Gross profit | CN¥272.8m | CN¥88.6m | CN¥173.4m | CN¥393.5m | CN¥290.0m | CN¥8.6m | CN¥143.4m | −CN¥226.7m |
| Operating income | CN¥47.5m | −CN¥53.2m | −CN¥134.1m | −CN¥51.8m | CN¥134.4m | −CN¥104.0m | −CN¥130.9m | −CN¥473.2m |
| Net income | CN¥31.4m | −CN¥57.7m | −CN¥1.09bn | −CN¥72.5m | CN¥137.7m | −CN¥132.4m | −CN¥353.0m | −CN¥401.8m |
| Diluted earnings per share | 0.01 | -0.02 | -0.44 | -0.03 | 0.06 | -0.05 | -0.15 | -0.17 |
| Cash from operations | — | — | — | CN¥623.0m | CN¥299.0m | CN¥364.0m | — | CN¥177.0m |
| Capital spending | −CN¥183.0m | −CN¥179.0m | −CN¥251.0m | −CN¥234.0m | −CN¥241.0m | −CN¥213.0m | −CN¥196.0m | −CN¥225.0m |
| Free cash flow | — | — | — | CN¥389.0m | CN¥58.0m | CN¥151.0m | — | −CN¥48.0m |
| Total assets | CN¥18.35bn | CN¥18.88bn | CN¥18.44bn | CN¥20.01bn | CN¥19.58bn | CN¥20.11bn | CN¥20.33bn | CN¥19.97bn |
| Cash and short-term investments | — | — | — | CN¥1.99bn | CN¥612.7m | CN¥1.16bn | CN¥677.4m | CN¥668.8m |
| Debt | CN¥1.12bn | CN¥1.22bn | CN¥1.23bn | CN¥4.66bn | CN¥1.57bn | CN¥1.76bn | CN¥1.67bn | CN¥2.76bn |
| Shareholders' equity | CN¥6.72bn | CN¥6.69bn | CN¥6.75bn | CN¥7.84bn | CN¥7.91bn | CN¥7.78bn | CN¥7.91bn | CN¥8.26bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.3% | -0.5% | 2.2% | -0.0% | 7.6% | 12.1% |
| Operating margin | -4.0% | -3.5% | 0.3% | -3.6% | 5.1% | 7.4% |
| Net margin | -4.4% | -3.9% | 0.1% | -3.3% | 4.2% | 5.9% |
| Return on equity | -17.1% | -15.2% | 0.5% | -14.0% | 17.5% | 19.6% |
| Return on assets | -6.3% | -5.9% | 0.2% | -6.4% | 9.3% | 10.5% |
| Free cash flow yield | 44.8% | 45.9% | 49.2% | 45.2% | 94.5% | 84.2% |
| Revenue growth | -16.2% | -20.1% | -0.9% | -13.5% | 44.1% | 8.3% |
| Earnings growth | -4.2% | -2555.5% | -103.8% | -166.7% | 3.3% | 2.1% |
| Current ratio | 0.39x | 0.36x | 0.48x | 0.51x | 0.70x | 0.65x |
| Debt to equity | 0.18x | 0.21x | 0.26x | 0.23x | 0.22x | 0.15x |
| Equity ratio | 36.6% | 38.9% | 42.9% | 45.7% | 53.2% | 53.6% |
| Interest coverage | -11.40x | -10.45x | 1.15x | -14.23x | 33.91x | 20.33x |
| R&D as a share of sales | 2.0% | 2.0% | 2.0% | 2.1% | 1.4% | 3.4% |
| Buybacks as a share of market value | -2.1% | 0.8% | -0.7% | 3.2% | -3.5% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.8% | -3.7% | 8.9% |
| Operating income | — | -50.5% | — |
| Net income | -3.5% | — | -7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.5% | 2.1% | 4.7% | 6.6% |
| Operating margin | -1.9% | -1.8% | 1.0% | 2.4% |
| Net margin | -4.1% | -2.6% | 0.1% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.5 | -5.5 | 126.5 | -5.4 | 6.2 | 5.5 | 6.3 | 3.3 | 8.3 | 135.2 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.8 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.20 | 0.20 | 0.15 | 0.05 | 0.05 | 0.05 | 0.20 |
- 1-to-1 reverse split · 18 Aug 2005
- 8-for-5 split · 20 Jul 2005
- 3-for-2 split · 17 Sept 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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