T 
2.85
-0.35%
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¥2.80bn
FY2016FY2025
Net income
CN¥19.2m
FY2016FY2025
Free cash flow
−CN¥1.38bn
FY2016FY2025
Shareholders' equity
CN¥5.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.80bn | CN¥2.53bn | CN¥3.06bn | CN¥2.46bn | CN¥2.54bn | CN¥819.7m | CN¥1.22bn | CN¥2.29bn | CN¥1.85bn | CN¥1.65bn |
| Operating income | CN¥231.0m | CN¥209.3m | CN¥206.8m | CN¥256.3m | CN¥629.2m | CN¥390.4m | CN¥272.8m | CN¥334.8m | CN¥643.5m | CN¥395.9m |
| Net income | CN¥19.2m | CN¥16.8m | CN¥20.0m | CN¥23.3m | CN¥49.5m | CN¥95.3m | CN¥189.8m | CN¥96.1m | CN¥410.9m | CN¥290.6m |
| Diluted earnings per share | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.09 | 0.17 | 0.09 | 0.36 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.88bn | CN¥14.65bn | CN¥13.50bn | CN¥12.82bn | CN¥12.85bn | CN¥9.95bn | CN¥9.12bn | CN¥9.68bn | CN¥10.30bn | CN¥8.39bn |
| Cash and short-term investments | CN¥825.7m | CN¥1.28bn | CN¥423.2m | CN¥695.5m | CN¥539.7m | CN¥301.2m | CN¥645.4m | CN¥1.31bn | CN¥3.64bn | CN¥4.94bn |
| Total liabilities | CN¥8.27bn | CN¥8.08bn | CN¥6.92bn | CN¥7.36bn | CN¥7.41bn | CN¥4.56bn | CN¥3.80bn | CN¥4.46bn | CN¥5.18bn | CN¥3.71bn |
| Debt | CN¥4.39bn | CN¥2.04bn | CN¥1.82bn | CN¥3.07bn | CN¥2.96bn | CN¥2.55bn | CN¥1.63bn | CN¥1.78bn | CN¥2.05bn | CN¥1.60bn |
| Shareholders' equity | CN¥5.45bn | CN¥5.44bn | CN¥5.45bn | CN¥5.45bn | CN¥5.43bn | CN¥5.38bn | CN¥5.31bn | CN¥5.21bn | CN¥5.12bn | CN¥4.68bn |
| Shares outstanding | 1,110m | 1,109m | 1,110m | 1,106m | 1,110m | 1,110m | 1,109m | 1,082m | 1,156m | 1,075m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.37bn | CN¥721.9m | −CN¥1.24bn | CN¥845.0m | CN¥1.01bn | −CN¥1.11bn | −CN¥341.6m | −CN¥1.97bn | −CN¥1.29bn | CN¥1.38bn |
| Capital spending | −CN¥13.3m | −CN¥10.4m | −CN¥10.9m | −CN¥1.6m | −CN¥6.5m | −CN¥331,698 | −CN¥2.2m | −CN¥5.9m | −CN¥10.0m | −CN¥5.3m |
| Free cash flow | −CN¥1.38bn | CN¥711.5m | −CN¥1.26bn | CN¥843.4m | CN¥999.2m | −CN¥1.11bn | −CN¥343.8m | −CN¥1.98bn | −CN¥1.30bn | CN¥1.38bn |
| Dividends paid | −CN¥11.1m | −CN¥221.2m | −CN¥205.7m | −CN¥223.7m | −CN¥236.6m | −CN¥150.0m | −CN¥89.9m | −CN¥108.4m | −CN¥87.6m | −CN¥50.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥301.0m | CN¥1.49bn | CN¥484.0m | CN¥1.80bn | CN¥316.6m | CN¥169.5m | CN¥963.2m | CN¥1.04bn |
| Operating income | CN¥19.7m | CN¥157.6m | CN¥79.8m | CN¥48.5m | CN¥18.7m | CN¥78.4m | CN¥36.7m | CN¥52.2m |
| Net income | −CN¥10.0m | CN¥63.9m | −CN¥45.4m | −CN¥53.5m | CN¥17.7m | CN¥100.4m | CN¥16.0m | −CN¥4.5m |
| Diluted earnings per share | -0.01 | 0.06 | -0.04 | -0.05 | 0.02 | 0.09 | 0.01 | -0.00 |
| Cash from operations | — | — | −CN¥425.0m | CN¥165.0m | −CN¥89.0m | −CN¥1.03bn | — | CN¥206.0m |
| Capital spending | −CN¥3.0m | −CN¥1.0m | −CN¥5.0m | −CN¥4.0m | −CN¥3.0m | — | — | −CN¥2.0m |
| Free cash flow | — | — | −CN¥430.0m | CN¥161.0m | −CN¥92.0m | — | — | CN¥204.0m |
| Total assets | CN¥14.22bn | CN¥13.91bn | CN¥14.88bn | CN¥15.49bn | CN¥15.76bn | CN¥15.64bn | CN¥14.65bn | CN¥14.50bn |
| Cash and short-term investments | — | — | CN¥825.7m | CN¥1.56bn | CN¥1.12bn | CN¥905.3m | CN¥1.28bn | CN¥1.11bn |
| Debt | CN¥3.32bn | CN¥3.56bn | CN¥4.36bn | CN¥1.19bn | CN¥2.86bn | CN¥2.57bn | CN¥2.04bn | CN¥3.59bn |
| Shareholders' equity | CN¥5.49bn | CN¥5.51bn | CN¥5.45bn | CN¥5.49bn | CN¥5.55bn | CN¥5.54bn | CN¥5.44bn | CN¥5.42bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.2% | 8.3% | 6.8% | 10.1% | 14.5% | -30.7% |
| Net margin | 0.7% | 0.7% | 0.7% | 0.9% | 1.9% | 11.6% |
| Return on equity | 0.4% | 0.3% | 0.4% | 0.4% | 0.9% | 1.8% |
| Return on assets | 0.1% | 0.1% | 0.1% | 0.2% | 0.4% | 1.0% |
| Free cash flow yield | -37.9% | 20.4% | -34.4% | 23.7% | 28.2% | -30.9% |
| Revenue growth | 10.7% | -17.4% | 24.3% | -3.0% | 209.9% | -32.6% |
| Earnings growth | 14.0% | -15.9% | -14.0% | -52.9% | -48.0% | -49.8% |
| Current ratio | 2.49x | 2.06x | 2.00x | 1.68x | 1.64x | 2.06x |
| Debt to equity | 0.80x | 0.38x | 0.34x | 0.63x | 0.74x | 0.18x |
| Equity ratio | 36.6% | 37.1% | 40.3% | 42.5% | 42.2% | 54.1% |
| Interest coverage | 2.27x | 1.56x | 1.45x | 1.20x | 2.00x | -2.47x |
| Buybacks as a share of market value | -0.1% | 0.1% | -0.3% | 0.4% | -0.0% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | 27.9% | 7.9% |
| Operating income | -3.4% | -10.0% | -0.5% |
| Net income | -6.2% | -27.4% | -20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.3% | 8.3% | 13.5% | 16.9% |
| Net margin | 0.7% | 0.7% | 1.6% | 6.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 227.1 | 197.5 | 173.4 | 223.6 | 58.3 | 41.2 | 18.6 | 43.3 | 14.6 | 22.4 |
| Price to sales | 1.6 | 1.3 | 1.1 | 2.1 | 1.1 | 4.8 | 2.9 | 1.8 | 3.3 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 24 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.081 | 0.009 | 0.011 |
- 11-for-10 split · 21 May 2018
- 3-for-2 split · 21 May 2012
- 3-for-2 split · 15 May 2009
- 11-for-10 split · 11 Jun 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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