B 
1.41
+1.44%
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¥1.20bn
FY2016FY2025
Net income
−CN¥294.0m
FY2016FY2025
Free cash flow
CN¥501.0m
FY2016FY2025
Shareholders' equity
CN¥6.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.20bn | CN¥1.40bn | CN¥1.37bn | CN¥1.12bn | CN¥1.22bn | CN¥889.8m | CN¥1.25bn | CN¥1.25bn | CN¥1.10bn | CN¥1.02bn |
| Gross profit | CN¥1.08bn | CN¥1.40bn | CN¥1.37bn | CN¥1.12bn | CN¥1.22bn | CN¥889.8m | CN¥1.25bn | CN¥1.25bn | CN¥1.10bn | CN¥1.02bn |
| Operating income | CN¥72.6m | CN¥327.6m | CN¥243.1m | CN¥36.8m | CN¥22.2m | CN¥38.7m | CN¥65.6m | CN¥267.7m | CN¥35.1m | CN¥170.5m |
| Net income | −CN¥294.0m | CN¥20.3m | CN¥27.6m | −CN¥189.0m | −CN¥176.9m | CN¥23.0m | CN¥48.1m | CN¥32.8m | CN¥19.9m | CN¥116.0m |
| Diluted earnings per share | -0.11 | 0.01 | 0.01 | -0.07 | -0.06 | 0.01 | 0.02 | 0.01 | 0.01 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.29bn | CN¥12.67bn | CN¥11.73bn | CN¥12.37bn | CN¥12.98bn | CN¥11.27bn | CN¥13.95bn | CN¥13.78bn | CN¥13.89bn | CN¥10.75bn |
| Cash and short-term investments | — | CN¥1.87bn | CN¥1.59bn | CN¥1.82bn | CN¥1.83bn | CN¥1.55bn | CN¥2.88bn | CN¥2.27bn | CN¥2.16bn | CN¥3.08bn |
| Total liabilities | CN¥5.69bn | CN¥5.77bn | CN¥4.76bn | CN¥5.43bn | CN¥5.84bn | CN¥3.27bn | CN¥5.71bn | CN¥5.79bn | CN¥5.98bn | CN¥4.49bn |
| Debt | CN¥427.3m | CN¥4.04bn | CN¥3.07bn | CN¥3.90bn | CN¥4.34bn | CN¥2.08bn | CN¥2.92bn | CN¥3.63bn | CN¥3.97bn | CN¥1.23bn |
| Shareholders' equity | CN¥6.59bn | CN¥6.88bn | CN¥6.95bn | CN¥6.93bn | CN¥7.12bn | CN¥8.03bn | CN¥8.10bn | CN¥7.85bn | CN¥7.76bn | CN¥6.22bn |
| Shares outstanding | 2,722m | 2,745m | 2,701m | 2,734m | 2,794m | 2,719m | 2,729m | 2,718m | 2,750m | 2,228m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥594.3m | CN¥712.2m | CN¥697.6m | CN¥490.0m | CN¥751.2m | CN¥343.1m | CN¥221.5m | −CN¥70.1m | −CN¥49.2m | CN¥117.6m |
| Capital spending | −CN¥93.3m | −CN¥275.7m | −CN¥118.5m | −CN¥253.8m | −CN¥70.7m | −CN¥256.8m | −CN¥105.0m | −CN¥164.4m | −CN¥257.9m | −CN¥378.7m |
| Free cash flow | CN¥501.0m | CN¥436.6m | CN¥579.1m | CN¥236.1m | CN¥680.5m | CN¥86.3m | CN¥116.5m | −CN¥234.5m | −CN¥307.0m | −CN¥261.1m |
| Dividends paid | −CN¥58.6m | −CN¥76.4m | −CN¥52.1m | −CN¥90.4m | −CN¥8.2m | −CN¥13.7m | −CN¥10.9m | −CN¥403.6m | −CN¥412.5m | −CN¥394.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥274.7m | CN¥279.1m | CN¥268.1m | CN¥306.6m | CN¥289.8m | CN¥333.3m | CN¥307.6m | CN¥390.2m |
| Gross profit | CN¥118.0m | CN¥138.9m | CN¥162.8m | CN¥306.6m | CN¥289.8m | CN¥333.3m | CN¥307.6m | CN¥390.2m |
| Operating income | −CN¥14.3m | CN¥7.5m | −CN¥13.0m | −CN¥118.1m | −CN¥27.0m | CN¥4.7m | CN¥12.2m | −CN¥5.1m |
| Net income | −CN¥216.7m | −CN¥37.5m | −CN¥156.8m | −CN¥114.4m | −CN¥25.9m | CN¥3.1m | −CN¥9.9m | −CN¥2.2m |
| Diluted earnings per share | -0.08 | -0.01 | -0.06 | -0.04 | -0.01 | 0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | — | CN¥186.0m | CN¥87.0m | CN¥158.0m | — | CN¥301.0m |
| Capital spending | −CN¥20.0m | −CN¥22.0m | −CN¥42.0m | −CN¥10.0m | −CN¥8.0m | −CN¥30.0m | −CN¥14.0m | −CN¥46.0m |
| Free cash flow | — | — | — | CN¥176.0m | CN¥79.0m | CN¥128.0m | — | CN¥255.0m |
| Total assets | CN¥12.27bn | CN¥12.12bn | CN¥12.29bn | CN¥12.64bn | CN¥12.80bn | CN¥12.44bn | CN¥12.67bn | CN¥12.94bn |
| Cash and short-term investments | — | — | — | CN¥1.65bn | CN¥1.81bn | CN¥1.76bn | CN¥1.87bn | CN¥1.85bn |
| Debt | CN¥378.0m | CN¥380.3m | CN¥427.3m | CN¥932.9m | CN¥1.13bn | CN¥1.02bn | CN¥1.19bn | CN¥1.36bn |
| Shareholders' equity | CN¥6.33bn | CN¥6.54bn | CN¥6.59bn | CN¥6.76bn | CN¥6.87bn | CN¥6.89bn | CN¥6.88bn | CN¥6.92bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 54.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | -4.4% | 23.4% | 17.8% | 1.9% | 1.7% | 16.4% |
| Net margin | -24.5% | 1.5% | 2.0% | -16.9% | -14.5% | 2.6% |
| Return on equity | -4.5% | 0.3% | 0.4% | -2.7% | -2.5% | 0.3% |
| Return on assets | -2.4% | 0.2% | 0.2% | -1.5% | -1.4% | 0.2% |
| Free cash flow yield | 17.4% | 24.8% | 20.8% | 18.8% | 20.3% | 15.2% |
| Revenue growth | -14.3% | 2.4% | 21.8% | -8.0% | 36.9% | -29.1% |
| Earnings growth | -1546.4% | -26.3% | -114.6% | 6.8% | -870.2% | -52.3% |
| Current ratio | 1.18x | 1.23x | 1.17x | 1.12x | 1.27x | 1.21x |
| Debt to equity | 0.06x | 0.17x | 0.18x | 0.19x | 0.22x | 0.12x |
| Equity ratio | 53.6% | 54.3% | 59.3% | 56.0% | 54.9% | 71.3% |
| Interest coverage | -0.22x | 1.22x | 0.92x | 0.09x | 0.07x | 0.80x |
| Buybacks as a share of market value | 0.8% | -1.6% | 1.2% | 2.2% | -2.8% | 0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.3% | 6.1% | 0.1% |
| Operating income | 25.4% | 13.4% | -18.2% |
| Net income | 15.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 95.5% | 97.7% | 98.4% | 99.1% |
| Operating margin | 15.4% | 13.4% | 10.3% | 14.0% |
| Net margin | -10.5% | -8.6% | -8.2% | -1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.1 | 280.9 | 164.6 | -28.2 | -30.2 | 221.3 | 127.5 | 184.8 | 422.2 | 87.8 |
| Price to sales | 4.7 | 4.1 | 3.3 | 4.8 | 4.4 | 5.7 | 4.9 | 4.8 | 7.7 | 10.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.003 | 0.005 | 0.004 | 0.003 | 0.031 | 0.064 | 0.028 | 0.024 |
- 6-for-5 split · 11 Jul 2012
- 6-for-5 split · 8 Jul 2011
- 1-to-1 reverse split · 11 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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