H 
4.00
-0.74%
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¥657.2m
FY2016FY2025
Net income
CN¥154.6m
FY2016FY2025
Free cash flow
−CN¥269.9m
FY2016FY2025
Shareholders' equity
CN¥3.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥657.2m | CN¥232.8m | CN¥124.2m | CN¥169.2m | CN¥126.8m | CN¥120.2m | CN¥173.9m | CN¥461.9m | CN¥583.3m | CN¥351.0m |
| Operating income | −CN¥81.2m | CN¥61.7m | CN¥95.5m | CN¥290.8m | CN¥97.6m | CN¥142.6m | CN¥81.5m | CN¥216.3m | CN¥129.7m | CN¥85.2m |
| Net income | CN¥154.6m | CN¥61.5m | CN¥90.5m | CN¥250.2m | CN¥51.4m | CN¥92.8m | CN¥62.4m | CN¥166.1m | CN¥94.3m | CN¥63.3m |
| Diluted earnings per share | 0.17 | 0.06 | 0.09 | 0.24 | 0.04 | 0.08 | 0.05 | 0.18 | 0.09 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.32bn | CN¥3.87bn | CN¥3.46bn | CN¥3.37bn | CN¥3.15bn | CN¥3.23bn | CN¥3.26bn | CN¥3.28bn | CN¥3.17bn | CN¥3.10bn |
| Cash and short-term investments | — | CN¥483.1m | CN¥1.35bn | CN¥1.69bn | CN¥1.53bn | CN¥1.55bn | CN¥1.70bn | CN¥305.1m | CN¥443.0m | CN¥553.1m |
| Total liabilities | CN¥1.06bn | CN¥803.4m | CN¥401.2m | CN¥344.1m | CN¥322.0m | CN¥392.8m | CN¥464.1m | CN¥504.3m | CN¥510.3m | CN¥530.7m |
| Debt | CN¥364.8m | CN¥158.9m | CN¥17.6m | CN¥1.4m | CN¥1.5m | CN¥306,122 | — | — | — | — |
| Shareholders' equity | CN¥3.20bn | CN¥3.03bn | CN¥3.05bn | CN¥3.02bn | CN¥2.82bn | CN¥2.83bn | CN¥2.79bn | CN¥2.77bn | CN¥2.66bn | CN¥2.56bn |
| Shares outstanding | 937m | 969m | 958m | 1,045m | 1,161m | 1,143m | 1,184m | 947m | 1,006m | 1,007m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥168.6m | −CN¥714.1m | −CN¥241.1m | −CN¥52.7m | −CN¥161.6m | −CN¥157.1m | −CN¥2.4m | CN¥224.7m | CN¥371.5m | CN¥93.6m |
| Capital spending | −CN¥101.3m | −CN¥49.2m | −CN¥115.6m | −CN¥133.5m | −CN¥7.4m | −CN¥2.6m | −CN¥2.1m | −CN¥2.7m | −CN¥2.8m | −CN¥1.7m |
| Free cash flow | −CN¥269.9m | −CN¥763.4m | −CN¥356.7m | −CN¥186.2m | −CN¥169.0m | −CN¥159.7m | −CN¥4.5m | CN¥222.0m | CN¥368.8m | CN¥91.9m |
| Dividends paid | −CN¥12.7m | −CN¥70.4m | −CN¥49.4m | −CN¥49.4m | −CN¥49.4m | −CN¥49.4m | −CN¥49.4m | −CN¥48.8m | −CN¥48.8m | −CN¥30,522 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥363.7m | CN¥145.1m | CN¥343.6m | CN¥142.9m | CN¥113.3m | CN¥57.3m | CN¥98.4m | CN¥93.2m |
| Operating income | CN¥10.2m | −CN¥13.1m | −CN¥20.2m | CN¥29.6m | −CN¥13.2m | −CN¥15.0m | CN¥2.2m | CN¥20.8m |
| Net income | CN¥89.1m | −CN¥23.5m | CN¥165.3m | CN¥24.7m | −CN¥21.7m | −CN¥13.6m | CN¥21.5m | CN¥10.8m |
| Diluted earnings per share | 0.10 | -0.03 | 0.18 | 0.03 | -0.02 | -0.01 | 0.02 | 0.01 |
| Cash from operations | — | — | — | −CN¥86.0m | CN¥1.0m | −CN¥52.0m | — | −CN¥291.0m |
| Capital spending | −CN¥42.0m | −CN¥14.0m | −CN¥23.0m | −CN¥2.0m | −CN¥3.0m | −CN¥72.0m | −CN¥35.0m | −CN¥12.0m |
| Free cash flow | — | — | — | −CN¥88.0m | −CN¥2.0m | −CN¥124.0m | — | −CN¥303.0m |
| Total assets | CN¥5.02bn | CN¥4.39bn | CN¥4.32bn | CN¥3.95bn | CN¥3.84bn | CN¥3.85bn | CN¥3.87bn | CN¥3.53bn |
| Cash and short-term investments | — | — | — | CN¥399.1m | CN¥450.1m | CN¥474.5m | CN¥483.1m | CN¥654.0m |
| Debt | CN¥577.1m | CN¥479.9m | CN¥364.8m | CN¥85.9m | CN¥365.4m | CN¥336.3m | CN¥147.5m | CN¥144.2m |
| Shareholders' equity | CN¥3.25bn | CN¥3.18bn | CN¥3.20bn | CN¥3.03bn | CN¥3.00bn | CN¥3.02bn | CN¥3.03bn | CN¥3.04bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 24.6% | 28.6% | 88.2% | 183.0% | 76.6% | 115.8% | — | — | — | — |
| Net margin | 23.5% | 26.4% | 72.9% | 147.9% | 40.5% | 77.1% | — | — | — | — |
| Return on equity | 4.8% | 2.0% | 3.0% | 8.3% | 1.8% | 3.3% | — | — | — | — |
| Return on assets | 3.6% | 1.6% | 2.6% | 7.4% | 1.6% | 2.9% | — | — | — | — |
| Free cash flow yield | -1.5% | -14.6% | -2.8% | 1.6% | -2.8% | -2.9% | — | — | — | — |
| Revenue growth | 182.3% | 87.5% | -26.6% | 33.4% | 5.5% | -30.9% | — | — | — | — |
| Earnings growth | 151.4% | -32.0% | -63.8% | 386.9% | -44.6% | 48.7% | — | — | — | — |
| Current ratio | 3.04x | 3.34x | 5.78x | 6.93x | 7.37x | 5.84x | — | — | — | — |
| Debt to equity | 0.11x | 0.05x | — | — | — | — | 0.01x | 0.01x | 0.01x | 0.08x |
| Equity ratio | 74.1% | 78.3% | 88.2% | 89.6% | 89.7% | 87.6% | — | — | — | — |
| Interest coverage | 16.89x | 41.83x | 96.73x | 2574.29x | 1815.50x | 922.88x | — | — | — | — |
| Buybacks as a share of market value | 3.3% | -1.2% | 8.4% | 10.0% | -1.6% | 3.5% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 57.2% | 40.5% | 12.0% |
| Operating income | — | — | -4.9% |
| Net income | -14.8% | 10.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.2% | 31.0% | 42.4% | 30.7% |
| Net margin | 24.3% | 47.1% | 49.0% | 26.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 41.6 | 122.4 | 43.4 | 20.3 | 89.7 | 60.1 | 79.0 | 21.4 | 79.1 | 82.3 |
| Price to sales | 9.8 | 32.4 | 31.6 | 30.0 | 36.3 | 46.4 | 28.3 | 7.7 | 12.8 | 14.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Dec 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
- 1-to-1 reverse split · 19 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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