H 
1.69
-0.59%
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¥3.83bn
FY2016FY2025
Net income
−CN¥4.13bn
FY2016FY2025
Free cash flow
CN¥1.34bn
FY2016FY2025
Shareholders' equity
CN¥5.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.83bn | CN¥8.76bn | CN¥5.51bn | CN¥15.14bn | CN¥12.54bn | CN¥7.50bn | CN¥9.57bn | CN¥10.74bn | CN¥11.66bn | CN¥10.48bn |
| Gross profit | CN¥519.7m | CN¥133.3m | CN¥1.37bn | CN¥2.76bn | CN¥2.19bn | CN¥1.55bn | CN¥2.35bn | CN¥3.27bn | CN¥3.09bn | CN¥2.36bn |
| Research and development | CN¥27.8m | CN¥34.1m | CN¥35.3m | CN¥34.6m | CN¥52.1m | CN¥38.5m | CN¥48.2m | CN¥47.3m | CN¥43.7m | CN¥32.9m |
| Operating income | CN¥32.7m | −CN¥2.22bn | CN¥311.4m | CN¥640.6m | CN¥670.6m | CN¥604.5m | CN¥1.06bn | CN¥2.05bn | CN¥1.77bn | CN¥1.22bn |
| Net income | −CN¥4.13bn | −CN¥2.60bn | CN¥68.3m | CN¥105.1m | CN¥170.8m | CN¥306.4m | CN¥597.6m | CN¥1.13bn | CN¥845.4m | CN¥581.1m |
| Diluted earnings per share | -2.59 | -1.68 | 0.05 | 0.08 | 0.13 | 0.22 | 0.45 | 0.81 | 0.64 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥22.32bn | CN¥28.11bn | CN¥36.91bn | CN¥38.28bn | CN¥48.55bn | CN¥52.45bn | CN¥51.08bn | CN¥47.48bn | CN¥49.00bn | CN¥45.54bn |
| Cash and short-term investments | — | CN¥1.15bn | CN¥2.26bn | CN¥2.74bn | CN¥4.72bn | CN¥4.79bn | CN¥5.71bn | CN¥3.53bn | CN¥9.06bn | CN¥10.18bn |
| Total liabilities | CN¥16.11bn | CN¥17.79bn | CN¥23.85bn | CN¥25.91bn | CN¥36.13bn | CN¥40.17bn | CN¥38.71bn | CN¥35.40bn | CN¥37.11bn | CN¥33.49bn |
| Debt | CN¥2.15bn | CN¥3.46bn | CN¥6.56bn | CN¥7.40bn | CN¥11.37bn | CN¥13.45bn | CN¥14.94bn | CN¥18.47bn | CN¥22.81bn | CN¥18.95bn |
| Shareholders' equity | CN¥5.37bn | CN¥9.43bn | CN¥12.09bn | CN¥11.26bn | CN¥11.20bn | CN¥11.09bn | CN¥11.17bn | CN¥10.93bn | CN¥10.27bn | CN¥9.68bn |
| Shares outstanding | 1,593m | 1,546m | 1,481m | 1,368m | 1,271m | 1,370m | 1,333m | 1,405m | 1,314m | 1,324m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.34bn | −CN¥43.6m | CN¥828.8m | CN¥2.21bn | CN¥5.08bn | CN¥5.36bn | CN¥6.54bn | CN¥93.5m | CN¥131.4m | CN¥2.34bn |
| Capital spending | −CN¥1.6m | −CN¥31.5m | −CN¥32.4m | −CN¥22.4m | −CN¥46.7m | −CN¥36.7m | −CN¥56.6m | −CN¥54.8m | −CN¥107.2m | −CN¥13.3m |
| Free cash flow | CN¥1.34bn | −CN¥75.1m | CN¥796.4m | CN¥2.19bn | CN¥5.03bn | CN¥5.33bn | CN¥6.48bn | CN¥38.7m | CN¥24.2m | CN¥2.33bn |
| Dividends paid | −CN¥325.7m | −CN¥403.3m | −CN¥703.7m | −CN¥983.5m | −CN¥46.4m | −CN¥94.1m | −CN¥96.2m | −CN¥1.59bn | −CN¥1.94bn | −CN¥1.85bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥347.4m | CN¥401.3m | CN¥2.82bn | CN¥283.4m | CN¥388.2m | CN¥344.5m | CN¥6.48bn | CN¥607.2m |
| Gross profit | CN¥53.3m | CN¥9.8m | CN¥389.2m | CN¥241.7m | −CN¥177.4m | CN¥66.2m | −CN¥432.2m | CN¥96.3m |
| Operating income | CN¥4.8m | −CN¥46.5m | CN¥163.0m | −CN¥219.2m | −CN¥349.9m | −CN¥13.3m | −CN¥2.45bn | CN¥19.4m |
| Net income | −CN¥2.20bn | −CN¥133.1m | −CN¥3.26bn | −CN¥209.3m | −CN¥561.7m | −CN¥96.1m | −CN¥2.62bn | −CN¥21.6m |
| Diluted earnings per share | -1.38 | -0.08 | -2.05 | -0.13 | -0.35 | -0.06 | -1.69 | -0.01 |
| Cash from operations | — | — | — | −CN¥465.0m | CN¥408.0m | CN¥274.0m | — | CN¥74.0m |
| Capital spending | — | — | — | — | −CN¥1.0m | — | −CN¥4.0m | −CN¥13.0m |
| Free cash flow | — | — | — | — | CN¥407.0m | — | — | CN¥61.0m |
| Total assets | CN¥19.91bn | CN¥21.66bn | CN¥22.32bn | CN¥27.86bn | CN¥28.60bn | CN¥28.38bn | CN¥28.11bn | CN¥35.91bn |
| Cash and short-term investments | — | — | — | CN¥1.02bn | CN¥1.67bn | CN¥1.36bn | CN¥1.15bn | CN¥1.29bn |
| Debt | CN¥1.55bn | CN¥1.81bn | CN¥2.15bn | CN¥2.96bn | CN¥3.88bn | CN¥3.74bn | CN¥3.42bn | CN¥4.00bn |
| Shareholders' equity | CN¥3.03bn | CN¥5.23bn | CN¥5.37bn | CN¥8.63bn | CN¥8.78bn | CN¥9.34bn | CN¥9.43bn | CN¥12.07bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.6% | 1.5% | 24.8% | 18.2% | 17.5% | 20.7% |
| Operating margin | -95.5% | -25.3% | 11.3% | 6.4% | 7.4% | 12.1% |
| Net margin | -107.6% | -29.7% | 1.2% | 0.7% | 1.4% | 4.1% |
| Return on equity | -76.9% | -27.6% | 0.6% | 0.9% | 1.5% | 2.8% |
| Return on assets | -18.5% | -9.3% | 0.2% | 0.3% | 0.4% | 0.6% |
| Free cash flow yield | 45.1% | -0.4% | 31.1% | 87.3% | 215.7% | 210.8% |
| Revenue growth | -56.2% | 59.0% | -63.6% | 20.7% | 67.2% | -21.6% |
| Earnings growth | 58.7% | -3906.0% | -35.0% | -38.5% | -44.2% | -48.7% |
| Current ratio | 1.37x | 1.72x | 1.50x | 1.52x | 1.39x | 1.35x |
| Debt to equity | 0.40x | 0.36x | 0.54x | 0.34x | -0.14x | 0.45x |
| Equity ratio | 24.0% | 33.5% | 32.8% | 29.4% | 23.1% | 21.1% |
| Interest coverage | -11.68x | -6.78x | 1.88x | 2.78x | 3.15x | 2.42x |
| R&D as a share of sales | 0.7% | 0.4% | 0.6% | 0.2% | 0.4% | 0.5% |
| Buybacks as a share of market value | -3.0% | -4.4% | -8.3% | -7.6% | 7.2% | -2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -36.7% | -12.6% | -7.1% |
| Operating income | -62.9% | -44.2% | -28.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.2% | 14.4% | 16.0% | 20.8% |
| Operating margin | -17.4% | -3.7% | 0.1% | 6.8% |
| Net margin | -53.4% | -19.7% | -11.4% | -2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -1.5 | 64.6 | 39.5 | 22.6 | 16.1 | 10.4 | 5.4 | 12.1 | 20.7 |
| Price to sales | 0.9 | 0.5 | 0.8 | 0.3 | 0.3 | 0.7 | 0.7 | 0.6 | 0.9 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2024.
| FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.021 | 0.036 | 0.071 | 0.071 | 0.143 | 0.179 | 0.179 |
- 7-for-5 split · 8 Jul 2024
- 1.98-for-1 split · 22 May 2007
- 1-to-1 reverse split · 9 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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