T 
18.84
-1.93%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥352.0m
FY2016FY2025
Net income
−CN¥30.2m
FY2016FY2025
Free cash flow
CN¥108.2m
FY2016FY2025
Shareholders' equity
CN¥2.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥352.0m | CN¥622.2m | CN¥805.5m | CN¥2.21bn | CN¥644.1m | CN¥383.0m | CN¥656.6m | CN¥499.7m | CN¥667.6m | CN¥695.6m |
| Gross profit | CN¥112.9m | CN¥249.5m | CN¥483.5m | CN¥2.01bn | CN¥359.7m | CN¥23.6m | CN¥62.5m | CN¥5.7m | CN¥246.3m | CN¥176.1m |
| Research and development | CN¥961,547 | CN¥33,772 | CN¥561,949 | CN¥981,132 | CN¥1.4m | CN¥1.3m | — | — | CN¥29,000 | CN¥4,691 |
| Operating income | −CN¥29.2m | CN¥99.7m | CN¥332.6m | CN¥1.74bn | CN¥200.9m | −CN¥54.6m | CN¥68.3m | −CN¥133.0m | CN¥120.4m | CN¥67.3m |
| Net income | −CN¥30.2m | CN¥111.7m | CN¥163.8m | CN¥795.3m | CN¥140.2m | −CN¥48.5m | CN¥84.4m | −CN¥181.0m | CN¥34.5m | CN¥21.3m |
| Diluted earnings per share | -0.06 | 0.21 | 0.31 | 1.54 | 0.27 | -0.09 | 0.16 | -0.35 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.38bn | CN¥7.44bn | CN¥8.14bn | CN¥7.51bn | CN¥2.88bn | CN¥2.72bn | CN¥2.86bn | CN¥2.80bn | CN¥3.11bn | CN¥2.92bn |
| Cash and short-term investments | — | CN¥1.19bn | CN¥2.28bn | CN¥2.54bn | CN¥1.02bn | CN¥1.01bn | CN¥1.16bn | CN¥1.25bn | CN¥1.45bn | CN¥1.49bn |
| Total liabilities | CN¥3.57bn | CN¥3.56bn | CN¥4.34bn | CN¥3.45bn | CN¥283.0m | CN¥310.9m | CN¥401.7m | CN¥403.9m | CN¥511.9m | CN¥413.4m |
| Debt | CN¥1.17bn | CN¥1.22bn | CN¥1.34bn | CN¥1.05bn | −CN¥86.1m | CN¥105.1m | CN¥190.2m | CN¥200.2m | CN¥300.2m | CN¥202.0m |
| Shareholders' equity | CN¥2.92bn | CN¥2.97bn | CN¥2.88bn | CN¥2.96bn | CN¥2.16bn | CN¥2.02bn | CN¥2.06bn | CN¥1.98bn | CN¥2.16bn | CN¥2.12bn |
| Shares outstanding | 521m | 526m | 525m | 517m | 514m | 520m | 520m | 521m | 521m | 541m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥156.7m | CN¥365.0m | CN¥380.4m | CN¥1.65bn | CN¥398.1m | CN¥59.0m | CN¥99.2m | −CN¥60.9m | −CN¥84.4m | CN¥278.7m |
| Capital spending | −CN¥48.5m | −CN¥772.2m | −CN¥530.0m | −CN¥1.23bn | −CN¥393.4m | −CN¥46.2m | −CN¥94.2m | −CN¥44.7m | −CN¥45.1m | −CN¥96.2m |
| Free cash flow | CN¥108.2m | −CN¥407.2m | −CN¥149.7m | CN¥426.1m | CN¥4.7m | CN¥12.8m | CN¥4.9m | −CN¥105.6m | −CN¥129.5m | CN¥182.6m |
| Dividends paid | −CN¥49.2m | −CN¥84.7m | −CN¥269.1m | −CN¥12.6m | −CN¥3.6m | −CN¥1.3m | −CN¥4.6m | −CN¥5.1m | −CN¥7.4m | −CN¥5.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥344.7m | CN¥196.3m | CN¥149.2m | CN¥69.1m | CN¥66.0m | CN¥67.7m | CN¥35.0m | CN¥195.0m |
| Gross profit | CN¥147.0m | CN¥89.2m | CN¥48.0m | CN¥30.7m | CN¥8.4m | CN¥18.2m | −CN¥42.4m | CN¥68.6m |
| Operating income | CN¥118.1m | CN¥59.4m | −CN¥6.8m | CN¥3.2m | −CN¥14.2m | −CN¥12.3m | −CN¥102.7m | CN¥30.7m |
| Net income | CN¥41.1m | CN¥19.0m | −CN¥23.0m | CN¥8.1m | −CN¥1.9m | −CN¥13.4m | −CN¥40.5m | CN¥41.2m |
| Diluted earnings per share | 0.08 | 0.04 | -0.04 | 0.02 | -0.00 | -0.03 | -0.08 | 0.08 |
| Cash from operations | — | — | — | CN¥20.0m | CN¥34.0m | CN¥11.0m | −CN¥27.0m | CN¥123.0m |
| Capital spending | −CN¥159.0m | −CN¥59.0m | −CN¥14.0m | −CN¥11.0m | −CN¥5.0m | −CN¥16.0m | −CN¥97.0m | −CN¥65.0m |
| Free cash flow | — | — | — | CN¥9.0m | CN¥29.0m | −CN¥5.0m | −CN¥124.0m | CN¥58.0m |
| Total assets | CN¥7.16bn | CN¥7.46bn | CN¥7.38bn | CN¥7.45bn | CN¥7.42bn | CN¥7.43bn | CN¥7.44bn | CN¥7.26bn |
| Cash and short-term investments | — | — | — | CN¥1.20bn | CN¥1.20bn | CN¥1.23bn | CN¥1.19bn | CN¥1.43bn |
| Debt | CN¥1.05bn | CN¥1.17bn | CN¥1.17bn | CN¥240.6m | CN¥1.28bn | CN¥1.19bn | CN¥1.19bn | CN¥1.29bn |
| Shareholders' equity | CN¥2.99bn | CN¥2.94bn | CN¥2.92bn | CN¥2.94bn | CN¥2.94bn | CN¥2.96bn | CN¥2.97bn | CN¥2.99bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.1% | 40.1% | 60.0% | 91.0% | 55.8% | 6.2% |
| Operating margin | -8.3% | 16.0% | 41.3% | 78.7% | 31.2% | -14.3% |
| Net margin | -8.6% | 18.0% | 20.3% | 36.0% | 21.8% | -12.7% |
| Return on equity | -1.0% | 3.8% | 5.7% | 26.9% | 6.5% | -2.4% |
| Return on assets | -0.4% | 1.5% | 2.0% | 10.6% | 4.9% | -1.8% |
| Free cash flow yield | 1.9% | 10.4% | 8.4% | 26.9% | 7.4% | 1.0% |
| Revenue growth | -43.4% | -22.8% | -63.5% | 243.0% | 68.2% | -41.7% |
| Earnings growth | -127.0% | -31.8% | -79.4% | 467.5% | -388.9% | -157.5% |
| Current ratio | 2.52x | 2.31x | 2.16x | 2.64x | 5.33x | 5.23x |
| Debt to equity | 0.40x | 0.40x | 0.46x | 0.35x | -0.04x | 0.05x |
| Equity ratio | 39.6% | 39.9% | 35.4% | 39.4% | 74.9% | 74.1% |
| Interest coverage | -0.67x | 2.38x | 6.08x | 57.91x | 56.64x | -39.82x |
| R&D as a share of sales | 0.3% | 0.0% | 0.1% | 0.0% | 0.2% | 0.3% |
| Buybacks as a share of market value | 1.1% | -0.3% | -1.6% | -0.6% | 1.2% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -45.8% | -1.7% | -9.1% |
| Operating income | — | -11.7% | — |
| Net income | — | -9.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.2% | 71.6% | 64.6% | 46.1% |
| Operating margin | 7.2% | 53.7% | 45.6% | 29.0% |
| Net margin | 8.4% | 26.1% | 22.6% | 13.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -452.9 | 101.3 | 91.7 | 25.1 | 194.7 | -139.1 | 46.0 | -19.4 | 236.8 | 433.4 |
| Price to sales | 38.9 | 18.2 | 18.6 | 9.0 | 42.4 | 17.6 | 5.9 | 7.0 | 12.3 | 13.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 24 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2014 | FY2012 | FY2008 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.05 | 0.10 | 0.481 | 0.02 | 0.067 | 0.061 | 0.007 |
- 3-for-2 split · 16 Apr 2012
- 11-for-10 split · 17 Apr 2008
- 5-for-4 split · 10 Feb 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.