H 
9.97
-0.60%
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¥4.12bn
FY2016FY2025
Net income
−CN¥153.1m
FY2016FY2025
Free cash flow
CN¥750.5m
FY2016FY2025
Shareholders' equity
CN¥2.14bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.12bn | CN¥4.17bn | CN¥3.67bn | CN¥4.29bn | CN¥4.86bn | CN¥3.54bn | CN¥3.77bn | CN¥3.83bn | CN¥3.40bn | CN¥2.61bn |
| Research and development | CN¥176.6m | CN¥174.7m | CN¥164.5m | CN¥150.3m | CN¥125.4m | CN¥60.7m | CN¥37.7m | CN¥24.5m | CN¥7.5m | CN¥5.4m |
| Operating income | CN¥208.3m | −CN¥78.3m | CN¥153.5m | CN¥233.2m | CN¥832.6m | CN¥267.4m | CN¥400.7m | CN¥616.9m | CN¥295.4m | CN¥102.9m |
| Net income | −CN¥153.1m | −CN¥979.1m | CN¥128.1m | CN¥229.8m | CN¥732.3m | CN¥236.2m | CN¥306.7m | CN¥503.3m | CN¥255.5m | CN¥112.1m |
| Diluted earnings per share | -0.23 | -1.64 | 0.19 | 0.34 | 1.11 | 0.35 | 0.46 | 0.73 | 0.37 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.13bn | CN¥8.54bn | CN¥6.01bn | CN¥5.11bn | CN¥5.25bn | CN¥4.83bn | CN¥4.45bn | CN¥4.22bn | CN¥3.80bn | CN¥2.67bn |
| Cash and short-term investments | — | CN¥1.34bn | CN¥715.6m | CN¥430.2m | CN¥535.9m | CN¥388.3m | CN¥309.6m | CN¥281.8m | CN¥124.8m | CN¥228.7m |
| Total liabilities | CN¥5.55bn | CN¥5.82bn | CN¥1.91bn | CN¥1.28bn | CN¥1.55bn | CN¥1.67bn | CN¥1.70bn | CN¥1.76bn | CN¥1.20bn | CN¥346.2m |
| Debt | CN¥336.3m | CN¥2.31bn | CN¥1.45bn | CN¥516.1m | CN¥716.1m | CN¥902.1m | CN¥672.8m | CN¥497.4m | CN¥150.0m | CN¥3.8m |
| Shareholders' equity | CN¥2.14bn | CN¥2.29bn | CN¥3.70bn | CN¥3.61bn | CN¥3.45bn | CN¥2.88bn | CN¥2.68bn | CN¥2.42bn | CN¥2.50bn | CN¥2.27bn |
| Shares outstanding | 660m | 598m | 679m | 676m | 661m | 676m | 662m | 688m | 692m | 682m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥786.0m | −CN¥92.7m | −CN¥87.7m | CN¥224.2m | CN¥722.2m | CN¥181.4m | CN¥220.0m | CN¥402.7m | CN¥479.0m | CN¥154.7m |
| Capital spending | −CN¥35.6m | −CN¥1.93bn | −CN¥261.4m | −CN¥64.9m | −CN¥38.2m | −CN¥164.0m | −CN¥96.8m | −CN¥73.3m | −CN¥33.7m | −CN¥61.1m |
| Free cash flow | CN¥750.5m | −CN¥2.02bn | −CN¥349.1m | CN¥159.3m | CN¥683.9m | CN¥17.3m | CN¥123.2m | CN¥329.4m | CN¥445.3m | CN¥93.6m |
| Dividends paid | −CN¥66.7m | −CN¥149.6m | −CN¥40.5m | −CN¥67.6m | −CN¥169.9m | −CN¥34.5m | −CN¥102.3m | −CN¥89.0m | −CN¥47.7m | −CN¥442,949 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥707.3m | CN¥740.1m | CN¥836.6m | CN¥1.07bn | CN¥1.15bn | CN¥1.07bn | CN¥930.0m | CN¥1.15bn |
| Operating income | CN¥922,640 | CN¥1.4m | −CN¥12.5m | CN¥66.5m | CN¥65.7m | CN¥85.4m | −CN¥257.4m | CN¥48.3m |
| Net income | CN¥33.7m | CN¥16.2m | −CN¥168.3m | CN¥1.5m | CN¥8.6m | CN¥5.2m | −CN¥1.02bn | CN¥7.8m |
| Diluted earnings per share | 0.05 | 0.02 | -0.25 | 0.00 | 0.01 | 0.01 | -1.71 | 0.01 |
| Cash from operations | — | — | — | CN¥401.0m | CN¥232.0m | CN¥147.0m | — | −CN¥47.0m |
| Capital spending | −CN¥4.0m | — | — | −CN¥6.0m | −CN¥745.0m | −CN¥95.0m | −CN¥535.0m | −CN¥39.0m |
| Free cash flow | — | — | — | CN¥395.0m | −CN¥513.0m | CN¥52.0m | — | −CN¥86.0m |
| Total assets | CN¥7.04bn | CN¥7.49bn | CN¥8.13bn | CN¥8.62bn | CN¥8.58bn | CN¥8.42bn | CN¥8.54bn | CN¥9.73bn |
| Cash and short-term investments | — | — | — | CN¥1.05bn | CN¥900.3m | CN¥1.12bn | CN¥1.34bn | CN¥1.61bn |
| Debt | CN¥247.5m | CN¥231.2m | CN¥336.3m | CN¥2.68bn | CN¥2.00bn | CN¥2.05bn | CN¥2.29bn | CN¥2.59bn |
| Shareholders' equity | CN¥2.19bn | CN¥2.19bn | CN¥2.14bn | CN¥2.31bn | CN¥2.31bn | CN¥2.30bn | CN¥2.29bn | CN¥3.37bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.1% | -1.9% | 4.2% | 5.4% | 17.1% | 7.6% |
| Net margin | -3.7% | -23.5% | 3.5% | 5.4% | 15.1% | 6.7% |
| Return on equity | -7.2% | -42.7% | 3.5% | 6.4% | 21.2% | 8.2% |
| Return on assets | -1.9% | -11.5% | 2.1% | 4.5% | 13.9% | 4.9% |
| Free cash flow yield | 11.1% | 27.3% | 2.3% | 3.8% | 10.2% | 4.5% |
| Revenue growth | -1.2% | 13.7% | -14.5% | -11.7% | 37.4% | -6.3% |
| Earnings growth | -84.4% | -864.2% | -44.2% | -68.6% | 210.0% | -23.0% |
| Current ratio | 0.95x | 1.00x | 1.88x | 2.15x | 1.72x | 1.14x |
| Debt to equity | 0.16x | 1.00x | 0.22x | 0.12x | 0.19x | 0.31x |
| Equity ratio | 26.3% | 26.9% | 61.5% | 70.6% | 65.6% | 59.6% |
| Interest coverage | 1.13x | -0.62x | 4.63x | 9.20x | 26.42x | 5.97x |
| R&D as a share of sales | 4.3% | 4.2% | 4.5% | 3.5% | 2.6% | 1.7% |
| Buybacks as a share of market value | -10.4% | 12.0% | -0.4% | -2.3% | 2.2% | -2.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | 3.1% | 4.8% |
| Operating income | -3.7% | -4.9% | 4.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.6% | 3.2% | 6.6% | 7.8% |
| Net margin | -13.6% | -4.8% | 0.8% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -83.2 | -11.7 | 166.3 | 80.5 | 33.5 | 60.1 | 43.1 | 12.6 | 35.2 | 77.3 |
| Price to sales | 3.1 | 2.7 | 5.8 | 4.3 | 5.0 | 4.0 | 3.5 | 1.7 | 2.6 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.06 | 0.10 | 0.25 | 0.05 | 0.15 | 0.08 | 0.047 |
- 7-for-5 split · 25 Jan 2011
- 1-to-1 reverse split · 13 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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