G 
7.21
+1.98%
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¥2.46bn
FY2016FY2025
Net income
−CN¥153.4m
FY2016FY2025
Free cash flow
−CN¥836.2m
FY2016FY2025
Shareholders' equity
CN¥1.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.46bn | CN¥3.25bn | CN¥2.82bn | CN¥2.91bn | CN¥3.32bn | CN¥2.35bn | CN¥2.99bn | CN¥3.81bn | CN¥3.56bn | CN¥2.42bn |
| Gross profit | CN¥64.9m | CN¥84.8m | CN¥49.2m | CN¥93.0m | CN¥293.8m | CN¥148.4m | CN¥124.5m | CN¥273.4m | CN¥271.9m | CN¥164.3m |
| Research and development | CN¥8.9m | CN¥10.6m | CN¥8.4m | CN¥8.1m | CN¥6.6m | CN¥7.0m | CN¥6.2m | CN¥126.4m | CN¥133.5m | CN¥78.0m |
| Operating income | −CN¥64.6m | −CN¥69.0m | −CN¥156.1m | −CN¥42.8m | CN¥78.0m | CN¥69.6m | CN¥84.5m | CN¥86.2m | CN¥67.5m | −CN¥92.7m |
| Net income | −CN¥153.4m | −CN¥70.2m | −CN¥142.7m | −CN¥55.2m | CN¥56.3m | CN¥38.1m | CN¥14.2m | CN¥37.3m | CN¥35.0m | −CN¥81.5m |
| Diluted earnings per share | -0.23 | -0.09 | -0.28 | -0.05 | 0.14 | 0.08 | 0.04 | 0.08 | 0.07 | -0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.31bn | CN¥2.92bn | CN¥3.40bn | CN¥3.15bn | CN¥3.15bn | CN¥2.82bn | CN¥2.66bn | CN¥2.89bn | CN¥2.63bn | CN¥2.54bn |
| Cash and short-term investments | — | CN¥594.2m | CN¥941.4m | CN¥488.4m | CN¥445.6m | CN¥343.1m | CN¥357.0m | CN¥372.3m | CN¥283.3m | CN¥351.0m |
| Total liabilities | CN¥1.69bn | CN¥1.14bn | CN¥2.14bn | CN¥1.73bn | CN¥1.67bn | CN¥1.38bn | CN¥1.20bn | CN¥1.41bn | CN¥1.40bn | CN¥1.33bn |
| Debt | CN¥530.1m | CN¥215.5m | CN¥1.05bn | CN¥811.1m | CN¥463.1m | CN¥506.9m | CN¥321.6m | CN¥481.4m | CN¥437.6m | CN¥293.0m |
| Shareholders' equity | CN¥1.62bn | CN¥1.78bn | CN¥1.26bn | CN¥1.42bn | CN¥1.49bn | CN¥1.44bn | CN¥1.42bn | CN¥1.44bn | CN¥1.20bn | CN¥1.17bn |
| Shares outstanding | 671m | 798m | 511m | 1,107m | 409m | 504m | 318m | 478m | 531m | 684m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.1m | −CN¥348.9m | −CN¥395.3m | −CN¥365.2m | CN¥24.5m | −CN¥237.3m | CN¥173.6m | CN¥247.5m | −CN¥253.8m | CN¥356.8m |
| Capital spending | −CN¥835.1m | −CN¥48.5m | −CN¥237.8m | −CN¥46.6m | −CN¥15.5m | −CN¥13.7m | −CN¥35.2m | −CN¥52.6m | −CN¥40.4m | −CN¥42.4m |
| Free cash flow | −CN¥836.2m | −CN¥397.3m | −CN¥633.2m | −CN¥411.8m | CN¥8.9m | −CN¥250.9m | CN¥138.4m | CN¥194.9m | −CN¥294.2m | CN¥314.4m |
| Dividends paid | −CN¥7.7m | −CN¥14.9m | −CN¥40.5m | −CN¥15.8m | −CN¥10.6m | −CN¥10.6m | −CN¥10.6m | −CN¥62.3m | −CN¥38.0m | −CN¥38.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥651.0m | CN¥631.8m | CN¥647.5m | CN¥591.9m | CN¥588.8m | CN¥629.1m | CN¥838.5m | CN¥794.8m |
| Gross profit | CN¥28.6m | CN¥29.0m | CN¥6.0m | CN¥39.5m | −CN¥27.8m | CN¥47.2m | −CN¥14.3m | CN¥41.9m |
| Operating income | −CN¥7.3m | −CN¥3.1m | −CN¥27.5m | −CN¥20.2m | −CN¥39.3m | CN¥1.3m | −CN¥64.8m | −CN¥3.0m |
| Net income | −CN¥41.0m | −CN¥5.4m | −CN¥96.4m | −CN¥20.4m | −CN¥37.9m | CN¥1.2m | −CN¥56.8m | −CN¥3.0m |
| Diluted earnings per share | -0.06 | -0.01 | -0.14 | -0.03 | -0.06 | 0.00 | -0.07 | -0.00 |
| Cash from operations | — | — | — | CN¥182.0m | CN¥63.0m | −CN¥324.0m | −CN¥130.0m | −CN¥17.0m |
| Capital spending | −CN¥248.0m | −CN¥286.0m | −CN¥465.0m | −CN¥179.0m | −CN¥134.0m | −CN¥55.0m | −CN¥40.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥3.0m | −CN¥71.0m | −CN¥379.0m | −CN¥170.0m | −CN¥21.0m |
| Total assets | CN¥4.37bn | CN¥3.79bn | CN¥3.31bn | CN¥3.04bn | CN¥2.99bn | CN¥3.07bn | CN¥2.92bn | CN¥3.07bn |
| Cash and short-term investments | — | — | — | CN¥390.2m | CN¥519.7m | CN¥613.2m | CN¥594.2m | CN¥387.5m |
| Debt | CN¥1.01bn | CN¥802.5m | CN¥530.1m | CN¥729.1m | CN¥251.7m | CN¥217.0m | CN¥215.5m | CN¥186.0m |
| Shareholders' equity | CN¥1.58bn | CN¥1.62bn | CN¥1.62bn | CN¥1.72bn | CN¥1.74bn | CN¥1.78bn | CN¥1.78bn | CN¥1.83bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.6% | 2.6% | 1.7% | 3.2% | 8.8% | 6.3% |
| Operating margin | -6.6% | -1.9% | -5.4% | -1.2% | 2.5% | 2.9% |
| Net margin | -6.2% | -2.2% | -5.1% | -1.9% | 1.7% | 1.6% |
| Return on equity | -9.5% | -4.0% | -11.3% | -3.9% | 3.8% | 2.6% |
| Return on assets | -4.6% | -2.4% | -4.2% | -1.8% | 1.8% | 1.4% |
| Free cash flow yield | 16.6% | -5.0% | -4.1% | -3.8% | 1.3% | -5.9% |
| Revenue growth | -24.5% | 15.5% | -3.3% | -12.2% | 41.3% | -21.3% |
| Earnings growth | 118.4% | -50.8% | 158.4% | -198.1% | 47.6% | 168.7% |
| Current ratio | 1.21x | 1.66x | 1.02x | 1.13x | 1.27x | 1.35x |
| Debt to equity | 0.33x | 0.12x | 0.84x | 0.48x | 0.31x | 0.29x |
| Equity ratio | 49.0% | 60.8% | 37.1% | 45.1% | 47.1% | 51.0% |
| Interest coverage | -37.78x | -3.10x | -4.88x | -1.27x | 2.71x | 2.33x |
| R&D as a share of sales | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% |
| Buybacks as a share of market value | 15.9% | -56.1% | 53.8% | -170.8% | 18.9% | -58.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.5% | 0.9% | -1.5% |
| Operating income | 14.7% | — | — |
| Net income | 40.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.6% | 2.6% | 4.3% | 5.4% |
| Operating margin | -2.3% | -2.9% | -1.1% | 0.0% |
| Net margin | -3.9% | -3.7% | -1.9% | -0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.7 | -51.8 | -19.7 | -84.4 | 43.3 | 42.6 | 78.2 | 54.8 | 119.6 | -85.1 |
| Price to sales | 1.4 | 1.1 | 1.0 | 1.6 | 0.7 | 0.7 | 0.4 | 0.5 | 1.2 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.02 |
- 1-to-1 reverse split · 12 May 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.