N 
7.13
+0.56%
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¥106.86bn
FY2016FY2025
Net income
−CN¥1.78bn
FY2016FY2025
Free cash flow
CN¥7.25bn
FY2016FY2025
Shareholders' equity
CN¥22.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥106.86bn | CN¥103.06bn | CN¥141.70bn | CN¥141.51bn | CN¥126.26bn | CN¥109.83bn | CN¥82.05bn | CN¥69.06bn | CN¥62.57bn | CN¥60.88bn |
| Gross profit | CN¥6.71bn | CN¥6.77bn | CN¥2.37bn | CN¥7.22bn | −CN¥799.5m | CN¥11.57bn | CN¥9.71bn | CN¥5.96bn | CN¥4.99bn | CN¥4.68bn |
| Research and development | CN¥191.3m | CN¥249.6m | CN¥207.2m | CN¥299.9m | CN¥289.8m | CN¥265.2m | CN¥172.9m | CN¥91.9m | CN¥60.2m | CN¥74.1m |
| Operating income | CN¥1.31bn | CN¥999.8m | CN¥300.3m | −CN¥587.0m | −CN¥7.97bn | CN¥6.73bn | CN¥6.67bn | CN¥3.24bn | CN¥3.33bn | CN¥1.37bn |
| Net income | −CN¥1.78bn | CN¥473.6m | CN¥249.2m | −CN¥1.46bn | −CN¥9.59bn | CN¥4.94bn | CN¥5.04bn | CN¥1.70bn | CN¥2.28bn | CN¥2.47bn |
| Diluted earnings per share | -0.36 | 0.10 | 0.06 | -0.33 | -2.15 | 1.18 | 1.20 | 0.39 | 0.54 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥114.23bn | CN¥117.91bn | CN¥129.61bn | CN¥136.68bn | CN¥132.73bn | CN¥113.88bn | CN¥64.22bn | CN¥47.91bn | CN¥42.45bn | CN¥37.39bn |
| Cash and short-term investments | — | CN¥8.70bn | CN¥10.86bn | CN¥11.66bn | CN¥14.89bn | CN¥8.80bn | CN¥5.78bn | CN¥5.46bn | CN¥3.08bn | CN¥3.14bn |
| Total liabilities | CN¥79.84bn | CN¥81.37bn | CN¥93.68bn | CN¥92.96bn | CN¥86.25bn | CN¥62.51bn | CN¥31.57bn | CN¥20.61bn | CN¥16.22bn | CN¥11.84bn |
| Debt | — | CN¥62.93bn | CN¥68.63bn | CN¥69.84bn | CN¥70.33bn | CN¥42.02bn | CN¥19.98bn | CN¥12.61bn | CN¥9.79bn | CN¥6.35bn |
| Shareholders' equity | CN¥22.20bn | CN¥25.66bn | CN¥24.78bn | CN¥29.24bn | CN¥33.54bn | CN¥39.85bn | CN¥26.06bn | CN¥21.54bn | CN¥20.83bn | CN¥20.52bn |
| Shares outstanding | 4,941m | 4,526m | 4,457m | 4,443m | 4,463m | 4,175m | 4,194m | 4,319m | 4,255m | 4,016m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥9.38bn | CN¥9.13bn | CN¥13.90bn | CN¥9.24bn | CN¥501.5m | CN¥5.66bn | CN¥4.44bn | CN¥3.34bn | CN¥2.71bn | CN¥3.11bn |
| Capital spending | −CN¥2.13bn | −CN¥2.18bn | −CN¥3.62bn | −CN¥6.85bn | −CN¥17.45bn | −CN¥34.25bn | −CN¥9.35bn | −CN¥3.71bn | −CN¥2.50bn | −CN¥2.10bn |
| Free cash flow | CN¥7.25bn | CN¥6.94bn | CN¥10.28bn | CN¥2.38bn | −CN¥16.94bn | −CN¥28.59bn | −CN¥4.91bn | −CN¥370.5m | CN¥216.0m | CN¥1.01bn |
| Dividends paid | −CN¥1.75bn | −CN¥2.24bn | −CN¥3.02bn | −CN¥2.59bn | −CN¥2.32bn | −CN¥1.69bn | −CN¥124.3m | −CN¥1.07bn | −CN¥2.40bn | −CN¥1.43bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥28.30bn | CN¥27.29bn | CN¥26.35bn | CN¥28.88bn | CN¥27.21bn | CN¥24.42bn | CN¥25.85bn | CN¥27.63bn |
| Gross profit | CN¥1.20bn | CN¥1.43bn | CN¥770.8m | CN¥1.86bn | CN¥1.94bn | CN¥2.02bn | CN¥2.48bn | CN¥3.18bn |
| Operating income | −CN¥61.4m | CN¥48.8m | −CN¥608.0m | CN¥490.9m | CN¥566.9m | CN¥659.5m | CN¥538.9m | CN¥1.77bn |
| Net income | −CN¥804.5m | −CN¥897.7m | −CN¥2.54bn | CN¥5.1m | CN¥310.2m | CN¥444.7m | CN¥320.3m | CN¥1.37bn |
| Diluted earnings per share | -0.16 | -0.18 | -0.51 | 0.00 | 0.06 | 0.09 | 0.07 | 0.30 |
| Cash from operations | — | — | — | CN¥3.04bn | CN¥4.19bn | CN¥966.0m | CN¥852.0m | CN¥3.62bn |
| Capital spending | −CN¥580.0m | −CN¥554.0m | −CN¥787.0m | −CN¥525.0m | −CN¥342.0m | −CN¥476.0m | −CN¥770.0m | −CN¥432.0m |
| Free cash flow | — | — | — | CN¥2.52bn | CN¥3.84bn | CN¥490.0m | CN¥82.0m | CN¥3.19bn |
| Total assets | CN¥116.95bn | CN¥116.39bn | CN¥114.23bn | CN¥116.87bn | CN¥116.57bn | CN¥117.94bn | CN¥117.91bn | CN¥119.96bn |
| Cash and short-term investments | — | — | — | CN¥7.43bn | CN¥7.08bn | CN¥8.35bn | CN¥8.70bn | CN¥9.50bn |
| Debt | CN¥34.61bn | CN¥34.13bn | CN¥31.98bn | CN¥30.18bn | CN¥44.13bn | CN¥46.52bn | CN¥47.47bn | CN¥51.65bn |
| Shareholders' equity | CN¥20.99bn | CN¥21.85bn | CN¥22.20bn | CN¥25.76bn | CN¥25.98bn | CN¥25.73bn | CN¥25.66bn | CN¥24.31bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 6.3% | 6.6% | 1.7% | 5.1% | -0.6% | 10.5% |
| Operating margin | 1.2% | 1.0% | 0.2% | -0.4% | -6.3% | 6.1% |
| Net margin | -1.7% | 0.5% | 0.2% | -1.0% | -7.6% | 4.5% |
| Return on equity | -8.0% | 1.8% | 1.0% | -5.0% | -28.6% | 12.4% |
| Return on assets | -1.6% | 0.4% | 0.2% | -1.1% | -7.2% | 4.3% |
| Free cash flow yield | 32.3% | 34.7% | 54.5% | 50.2% | 55.8% | 132.6% |
| Revenue growth | 3.7% | -27.3% | 0.1% | 12.1% | 15.0% | 33.9% |
| Earnings growth | -476.8% | 90.1% | -117.1% | -84.8% | -294.0% | -1.9% |
| Current ratio | 0.49x | 0.47x | 0.57x | 0.71x | 0.94x | 0.89x |
| Debt to equity | 1.44x | 1.85x | 1.96x | 1.74x | 1.77x | 0.91x |
| Equity ratio | 19.4% | 21.8% | 19.1% | 21.4% | 25.3% | 35.0% |
| Interest coverage | 0.64x | 0.48x | 0.14x | -0.31x | -6.33x | 6.81x |
| R&D as a share of sales | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% |
| Buybacks as a share of market value | -9.2% | -1.5% | -0.3% | 0.4% | -6.9% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.9% | -0.5% | 5.7% |
| Operating income | — | -27.9% | -8.4% |
| Net income | 6.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.4% | 4.7% | 4.6% | 5.9% |
| Operating margin | 1.1% | 0.4% | 0.1% | 1.7% |
| Net margin | -0.6% | -0.5% | -1.0% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.6 | 85.8 | 166.7 | -39.3 | -7.1 | 18.9 | 16.6 | 18.4 | 13.9 | 13.1 |
| Price to sales | 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | 0.8 | 1.0 | 0.5 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 25 Jul 2025.
| FY2025 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.024 | 0.15 | 0.03 | 0.15 | 0.50 | 0.275 | 0.125 | 0.125 |
- 2-for-1 split · 28 Jun 2016
- 11-for-10 split · 14 Jul 2010
- 6-for-5 split · 4 Jul 2008
- 2-for-1 split · 8 Aug 2006
- 1-to-1 reverse split · 7 Feb 2006
- 13-for-10 split · 11 Nov 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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