H 
5.57
-1.76%
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¥624.0m
FY2016FY2025
Net income
−CN¥404.5m
FY2016FY2025
Free cash flow
CN¥24.8m
FY2016FY2025
Shareholders' equity
CN¥653.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥624.0m | CN¥638.8m | CN¥737.8m | CN¥797.6m | CN¥785.6m | CN¥688.2m | CN¥731.3m | CN¥843.8m | CN¥801.6m | CN¥714.7m |
| Gross profit | CN¥165.8m | CN¥114.0m | CN¥187.9m | CN¥287.4m | CN¥298.2m | CN¥274.4m | CN¥335.3m | CN¥478.9m | CN¥403.9m | CN¥371.8m |
| Research and development | CN¥41.9m | CN¥56.8m | CN¥74.8m | CN¥69.0m | CN¥52.1m | CN¥38.8m | CN¥53.8m | CN¥64.7m | CN¥47.5m | CN¥30.3m |
| Operating income | — | −CN¥260.0m | −CN¥141.1m | CN¥60.8m | CN¥131.9m | CN¥96.8m | CN¥133.0m | CN¥211.1m | CN¥135.3m | CN¥157.1m |
| Net income | −CN¥404.5m | −CN¥295.3m | −CN¥140.2m | CN¥50.3m | CN¥110.1m | CN¥74.6m | CN¥86.9m | CN¥171.7m | CN¥105.2m | CN¥141.8m |
| Diluted earnings per share | -1.17 | -0.84 | -0.40 | 0.14 | 0.32 | 0.22 | 0.29 | 0.57 | 0.35 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.31bn | CN¥2.79bn | CN¥3.03bn | CN¥2.47bn | CN¥2.05bn | CN¥1.98bn | CN¥1.77bn | CN¥1.69bn | CN¥1.64bn | CN¥1.63bn |
| Cash and short-term investments | — | CN¥307.2m | CN¥415.2m | CN¥431.4m | CN¥293.3m | CN¥350.3m | CN¥183.7m | CN¥173.6m | CN¥140.8m | CN¥116.7m |
| Total liabilities | CN¥1.69bn | CN¥1.72bn | CN¥1.64bn | CN¥977.2m | CN¥598.1m | CN¥613.7m | CN¥802.2m | CN¥812.3m | CN¥876.6m | CN¥974.7m |
| Debt | CN¥209.3m | CN¥739.3m | CN¥710.6m | CN¥605.4m | CN¥372.8m | CN¥303.8m | CN¥596.5m | CN¥551.9m | CN¥531.4m | CN¥506.9m |
| Shareholders' equity | CN¥653.8m | CN¥1.06bn | CN¥1.36bn | CN¥1.50bn | CN¥1.46bn | CN¥1.37bn | CN¥960.4m | CN¥873.3m | CN¥759.2m | CN¥654.0m |
| Shares outstanding | 347m | 350m | 354m | 352m | 344m | 344m | 305m | 302m | 302m | 301m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥60.4m | CN¥655,357 | −CN¥149.0m | CN¥45.1m | CN¥75.9m | CN¥119.4m | CN¥144.2m | CN¥231.4m | CN¥178.8m | CN¥167.1m |
| Capital spending | −CN¥35.6m | −CN¥154.9m | −CN¥566.1m | −CN¥203.7m | −CN¥96.6m | −CN¥97.9m | −CN¥119.8m | −CN¥76.5m | −CN¥80.9m | −CN¥112.9m |
| Free cash flow | CN¥24.8m | −CN¥154.3m | −CN¥715.1m | −CN¥158.6m | −CN¥20.7m | CN¥21.5m | CN¥24.4m | CN¥154.9m | CN¥97.9m | CN¥54.1m |
| Dividends paid | −CN¥50.9m | −CN¥50.5m | −CN¥31.6m | −CN¥21.2m | −CN¥20.6m | −CN¥77.4m | −CN¥29.3m | −CN¥50.9m | −CN¥31.8m | −CN¥35.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥148.9m | CN¥163.1m | CN¥194.7m | CN¥144.9m | CN¥135.9m | CN¥148.5m | CN¥176.6m | CN¥165.7m |
| Gross profit | CN¥35.9m | CN¥36.6m | CN¥39.6m | CN¥42.8m | CN¥40.4m | CN¥43.0m | CN¥7.7m | CN¥44.6m |
| Operating income | −CN¥16.5m | −CN¥22.6m | −CN¥32.3m | −CN¥23.5m | −CN¥25.1m | −CN¥30.8m | −CN¥127.9m | −CN¥45.3m |
| Net income | −CN¥26.3m | −CN¥31.6m | −CN¥307.2m | −CN¥21.8m | −CN¥39.2m | −CN¥36.3m | −CN¥136.7m | −CN¥51.9m |
| Diluted earnings per share | -0.08 | -0.09 | -0.89 | -0.06 | -0.11 | -0.10 | -0.39 | -0.15 |
| Cash from operations | — | — | — | CN¥22.0m | CN¥25.0m | — | — | CN¥66.0m |
| Capital spending | −CN¥1.0m | −CN¥2.0m | −CN¥3.0m | −CN¥8.0m | −CN¥16.0m | −CN¥7.0m | −CN¥44.0m | −CN¥11.0m |
| Free cash flow | — | — | — | CN¥14.0m | CN¥9.0m | — | — | CN¥55.0m |
| Total assets | CN¥2.18bn | CN¥2.29bn | CN¥2.31bn | CN¥2.58bn | CN¥2.96bn | CN¥2.89bn | CN¥2.79bn | CN¥3.11bn |
| Cash and short-term investments | — | — | — | CN¥259.1m | CN¥520.0m | CN¥422.4m | CN¥307.2m | CN¥426.5m |
| Debt | CN¥99.9m | CN¥142.0m | CN¥209.3m | CN¥1.01bn | CN¥776.4m | CN¥834.3m | CN¥738.0m | CN¥775.6m |
| Shareholders' equity | CN¥597.7m | CN¥623.6m | CN¥653.8m | CN¥965.4m | CN¥986.7m | CN¥1.03bn | CN¥1.06bn | CN¥1.20bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.6% | 17.9% | 25.5% | 36.0% | 38.0% | 39.9% |
| Operating margin | -62.8% | -40.4% | -12.4% | 10.2% | 18.0% | 17.6% |
| Net margin | -64.8% | -46.2% | -19.0% | 6.3% | 14.0% | 10.8% |
| Return on equity | -61.9% | -27.7% | -10.3% | 3.3% | 7.5% | 5.4% |
| Return on assets | -17.5% | -10.6% | -4.6% | 2.0% | 5.4% | 3.8% |
| Free cash flow yield | 4.6% | 7.3% | 19.4% | 11.6% | 8.3% | 10.4% |
| Revenue growth | -2.3% | -13.4% | -7.5% | 1.5% | 14.2% | -5.9% |
| Earnings growth | 37.0% | 110.5% | -378.6% | -54.3% | 47.5% | -14.1% |
| Current ratio | 0.61x | 0.99x | 1.25x | 1.54x | 1.31x | 1.52x |
| Debt to equity | 0.32x | 0.69x | 0.52x | 0.29x | 0.19x | 0.21x |
| Equity ratio | 28.3% | 38.1% | 45.0% | 60.9% | 71.4% | 69.4% |
| Interest coverage | -7.66x | -4.14x | -1.86x | 3.79x | 8.35x | 3.68x |
| R&D as a share of sales | 6.7% | 8.9% | 10.1% | 8.6% | 6.6% | 5.6% |
| Buybacks as a share of market value | 0.9% | 1.2% | -0.6% | -2.4% | -0.0% | -12.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.9% | -1.9% | 1.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.2% | 27.0% | 31.1% | 39.1% |
| Net margin | -55.4% | -28.2% | -14.2% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.0 | -7.3 | -20.2 | 53.6 | 24.4 | 34.4 | 23.2 | 12.1 | 28.6 | 29.1 |
| Price to sales | 3.9 | 3.4 | 3.8 | 3.4 | 3.4 | 3.7 | 2.8 | 2.5 | 3.8 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 May 2022.
| FY2022 | FY2021 | FY2020 | FY2018 | FY2008 | FY2002 | FY2000 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.06 | 0.058 | 0.092 | 0.083 | 0.042 | 0.042 |
- 6-for-5 split · 29 May 2020
- 1-to-1 reverse split · 24 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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