H 
5.23
-2.61%
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¥378.1m
FY2016FY2025
Net income
−CN¥80.9m
FY2016FY2025
Free cash flow
CN¥54.8m
FY2016FY2025
Shareholders' equity
CN¥23.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥378.1m | CN¥416.0m | CN¥656.9m | CN¥840.7m | CN¥811.2m | CN¥877.9m | CN¥1.34bn | CN¥2.59bn | CN¥2.58bn | CN¥2.64bn |
| Gross profit | CN¥237.8m | CN¥261.0m | CN¥459.0m | CN¥634.8m | CN¥487.5m | CN¥547.4m | CN¥805.6m | CN¥1.95bn | CN¥2.03bn | CN¥2.08bn |
| Research and development | CN¥11.0m | CN¥19.0m | CN¥52.5m | CN¥35.6m | CN¥38.6m | CN¥252.9m | CN¥191.3m | CN¥156.4m | CN¥93.2m | CN¥113.5m |
| Operating income | −CN¥27.9m | CN¥203.9m | −CN¥172.9m | −CN¥68.3m | −CN¥135.9m | −CN¥1.12bn | −CN¥908.4m | CN¥254.9m | CN¥258.1m | CN¥440.7m |
| Net income | −CN¥80.9m | CN¥152.3m | −CN¥236.1m | −CN¥122.6m | −CN¥163.7m | −CN¥1.07bn | −CN¥882.8m | CN¥186.8m | CN¥162.1m | CN¥340.0m |
| Diluted earnings per share | -0.09 | 0.17 | -0.27 | -0.14 | -0.18 | -1.20 | -0.99 | 0.21 | 0.18 | 0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥820.0m | CN¥940.0m | CN¥1.06bn | CN¥1.47bn | CN¥1.79bn | CN¥2.69bn | CN¥4.35bn | CN¥5.23bn | CN¥4.87bn | CN¥5.13bn |
| Cash and short-term investments | — | CN¥85.5m | CN¥13.2m | CN¥181.4m | CN¥172.2m | CN¥164.2m | CN¥405.5m | CN¥512.1m | CN¥472.1m | CN¥1.20bn |
| Total liabilities | CN¥848.2m | CN¥955.1m | CN¥1.21bn | CN¥1.25bn | CN¥1.46bn | CN¥2.05bn | CN¥2.41bn | CN¥2.37bn | CN¥2.27bn | CN¥2.52bn |
| Debt | — | CN¥198.4m | CN¥593.9m | CN¥598.8m | CN¥873.5m | CN¥1.42bn | CN¥1.70bn | CN¥1.77bn | CN¥1.80bn | CN¥1.98bn |
| Shareholders' equity | CN¥23.1m | CN¥81.8m | −CN¥49.5m | CN¥177.9m | CN¥306.4m | CN¥520.0m | CN¥1.59bn | CN¥2.48bn | CN¥2.38bn | CN¥2.39bn |
| Shares outstanding | 877m | 881m | 878m | 882m | 886m | 894m | 892m | 881m | 880m | 879m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥59.3m | −CN¥5.6m | CN¥35.1m | CN¥123.3m | CN¥123.8m | −CN¥271.7m | CN¥36.2m | CN¥350.9m | CN¥151.7m | CN¥12.3m |
| Capital spending | −CN¥4.6m | −CN¥1.4m | −CN¥10.4m | −CN¥13.5m | −CN¥38.1m | −CN¥96.0m | −CN¥113.6m | −CN¥171.1m | −CN¥303.2m | −CN¥252.8m |
| Free cash flow | CN¥54.8m | −CN¥6.9m | CN¥24.6m | CN¥109.8m | CN¥85.7m | −CN¥367.7m | −CN¥77.5m | CN¥179.8m | −CN¥151.6m | −CN¥240.5m |
| Dividends paid | −CN¥10.5m | −CN¥13.4m | −CN¥23.6m | −CN¥39.6m | −CN¥91.5m | −CN¥89.2m | −CN¥86.6m | −CN¥102.1m | −CN¥91.4m | −CN¥132.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥94.9m | CN¥107.5m | CN¥106.3m | CN¥88.5m | CN¥83.3m | CN¥100.1m | CN¥121.3m | CN¥92.1m |
| Gross profit | CN¥57.4m | CN¥74.5m | CN¥62.1m | CN¥55.7m | CN¥53.3m | CN¥66.7m | CN¥84.3m | CN¥53.1m |
| Operating income | −CN¥460,956 | CN¥7.3m | −CN¥19.9m | CN¥614,213 | −CN¥17.6m | −CN¥7.6m | CN¥232.9m | −CN¥9.4m |
| Net income | CN¥2.2m | CN¥3.7m | −CN¥36.3m | −CN¥12.0m | −CN¥20.7m | −CN¥11.9m | CN¥258.6m | −CN¥15.8m |
| Diluted earnings per share | 0.00 | 0.00 | -0.04 | -0.01 | -0.02 | -0.01 | 0.29 | -0.02 |
| Cash from operations | — | — | — | CN¥125.0m | −CN¥13.0m | CN¥11.0m | — | CN¥6.0m |
| Capital spending | −CN¥49.0m | −CN¥3.0m | −CN¥3.0m | — | — | — | — | — |
| Total assets | CN¥2.44bn | CN¥2.51bn | CN¥820.0m | CN¥878.0m | CN¥904.1m | CN¥923.3m | CN¥940.0m | CN¥1.02bn |
| Cash and short-term investments | — | — | — | CN¥26.1m | CN¥25.6m | CN¥56.0m | CN¥85.5m | CN¥21.6m |
| Debt | — | — | — | CN¥271.7m | CN¥166.0m | CN¥178.3m | CN¥191.7m | CN¥266.8m |
| Shareholders' equity | CN¥2.09bn | CN¥2.09bn | CN¥23.1m | CN¥37.3m | CN¥49.3m | CN¥69.9m | CN¥81.8m | −CN¥155.7m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 62.9% | 62.7% | 69.9% | 75.5% | 60.1% | 62.3% | — |
| Operating margin | -12.5% | 49.2% | -23.5% | -4.0% | -8.5% | -118.9% | — |
| Net margin | -21.4% | 36.6% | -35.9% | -14.6% | -20.2% | -121.7% | — |
| Return on equity | -349.5% | 186.2% | 477.0% | -68.9% | -53.4% | -205.5% | — |
| Return on assets | -9.9% | 16.2% | -22.3% | -8.3% | -9.1% | -39.7% | — |
| Free cash flow yield | 1.3% | -0.1% | 0.9% | 2.7% | 3.1% | -3.4% | — |
| Revenue growth | -9.1% | -36.7% | -21.9% | 3.6% | -7.6% | -34.7% | — |
| Earnings growth | -153.1% | -164.5% | 92.6% | -25.1% | -84.7% | 21.0% | — |
| Current ratio | 0.34x | 0.25x | 0.21x | 0.53x | 0.50x | 0.55x | — |
| Debt to equity | — | 2.34x | -5.42x | 1.60x | 1.56x | 2.74x | 1.16x |
| Equity ratio | 2.8% | 8.7% | -4.7% | 12.1% | 17.1% | 19.3% | — |
| Interest coverage | -1.56x | 5.08x | -3.87x | -0.63x | -0.81x | -9.65x | — |
| R&D as a share of sales | 2.9% | 4.6% | 8.0% | 4.2% | 4.8% | 28.8% | — |
| Buybacks as a share of market value | 0.5% | -0.3% | 0.3% | 0.5% | 0.8% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.4% | -15.5% | -17.1% |
| Operating income | -25.8% | -52.3% | — |
| Net income | -12.9% | -40.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.8% | 69.5% | 66.0% | 73.7% |
| Operating margin | 22.2% | -2.8% | -33.3% | -5.5% |
| Net margin | 9.0% | -12.5% | -38.2% | -8.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -77.9 | 28.3 | -12.1 | -22.9 | -23.6 | -3.8 | -3.8 | 20.9 | 32.9 | 27.0 |
| Price to sales | 16.7 | 10.4 | 4.3 | 3.3 | 4.8 | 4.6 | 2.5 | 1.5 | 2.1 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Aug 2018.
| FY2018 | FY2016 | FY2004 | FY2001 | |
|---|---|---|---|---|
| Paid in the year | 0.01 | 0.091 | 0.036 | 0.032 |
- 11-for-10 split · 23 Jun 2016
- 1-to-1 reverse split · 10 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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