Z 
1.66
+1.22%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥520.9m
FY2016FY2025
Net income
−CN¥367.2m
FY2016FY2025
Free cash flow
CN¥153.1m
FY2016FY2025
Shareholders' equity
CN¥114.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥520.9m | CN¥558.1m | CN¥734.0m | CN¥783.2m | CN¥825.2m | CN¥1.34bn | CN¥2.99bn | CN¥14.76bn | CN¥20.80bn | CN¥22.50bn |
| Gross profit | CN¥121.0m | −CN¥17.7m | CN¥23.7m | CN¥6.7m | CN¥60.1m | −CN¥801.5m | −CN¥511.7m | CN¥1.88bn | CN¥3.87bn | CN¥4.07bn |
| Research and development | CN¥4.7m | CN¥5.7m | CN¥43.8m | CN¥38.8m | CN¥21.0m | CN¥200.9m | CN¥978.8m | CN¥577.9m | CN¥369.0m | CN¥4.1m |
| Operating income | — | −CN¥987.3m | −CN¥975.7m | −CN¥841.3m | −CN¥703.1m | −CN¥6.05bn | −CN¥3.76bn | CN¥868.0m | CN¥1.48bn | CN¥1.64bn |
| Net income | −CN¥367.2m | −CN¥1.00bn | −CN¥936.6m | −CN¥920.9m | −CN¥705.5m | −CN¥10.34bn | −CN¥11.19bn | CN¥799.9m | CN¥1.26bn | CN¥1.31bn |
| Diluted earnings per share | -0.07 | -0.20 | -0.16 | -0.19 | -0.34 | -4.50 | -5.48 | 0.36 | 0.63 | 2.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.44bn | CN¥3.61bn | CN¥6.18bn | CN¥7.12bn | CN¥8.01bn | CN¥9.58bn | CN¥20.44bn | CN¥32.48bn | CN¥33.29bn | CN¥4.11bn |
| Cash and short-term investments | — | CN¥208.6m | CN¥795.2m | CN¥1.01bn | CN¥1.62bn | CN¥219.0m | CN¥2.20bn | CN¥4.31bn | CN¥6.02bn | CN¥761.8m |
| Total liabilities | CN¥3.33bn | CN¥3.37bn | CN¥4.68bn | CN¥4.68bn | CN¥4.57bn | CN¥14.00bn | CN¥14.05bn | CN¥14.90bn | CN¥16.36bn | CN¥1.95bn |
| Debt | CN¥175.0m | CN¥1.03bn | CN¥2.49bn | CN¥3.04bn | CN¥2.85bn | CN¥5.57bn | CN¥5.41bn | CN¥2.81bn | CN¥2.77bn | CN¥501.7m |
| Shareholders' equity | CN¥114.5m | CN¥234.8m | CN¥1.50bn | CN¥2.44bn | CN¥3.44bn | −CN¥4.42bn | CN¥6.38bn | CN¥17.57bn | CN¥16.92bn | CN¥2.15bn |
| Shares outstanding | 5,043m | 5,002m | 5,697m | 4,825m | 2,082m | 2,300m | 2,044m | 2,215m | 1,985m | 500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥165.3m | CN¥500.4m | −CN¥168.5m | CN¥218.9m | −CN¥1.35bn | −CN¥1.41bn | −CN¥5.79bn | −CN¥2.31bn | CN¥9.0m | −CN¥5.3m |
| Capital spending | −CN¥12.2m | −CN¥6.8m | −CN¥78.8m | −CN¥241.4m | −CN¥284,093 | −CN¥30.6m | −CN¥1.77bn | −CN¥1.04bn | −CN¥115.6m | −CN¥108.0m |
| Free cash flow | CN¥153.1m | CN¥493.6m | −CN¥247.3m | −CN¥22.5m | −CN¥1.35bn | −CN¥1.44bn | −CN¥7.56bn | −CN¥3.36bn | −CN¥106.6m | −CN¥113.3m |
| Dividends paid | −CN¥16.1m | −CN¥73.0m | −CN¥22.6m | −CN¥79.4m | −CN¥17.0m | −CN¥76.9m | −CN¥193.6m | −CN¥132.1m | −CN¥100.5m | −CN¥29.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥115.5m | CN¥74.8m | CN¥101.6m | CN¥139.3m | CN¥181.3m | CN¥98.8m | CN¥173.3m | CN¥136.1m |
| Gross profit | CN¥31.9m | CN¥4.1m | CN¥28.4m | CN¥28.3m | CN¥52.3m | CN¥12.0m | −CN¥78.4m | CN¥25.2m |
| Operating income | −CN¥56.9m | −CN¥61.9m | −CN¥68.6m | −CN¥44.4m | −CN¥30.5m | −CN¥80.9m | −CN¥765.5m | −CN¥71.9m |
| Net income | CN¥162.4m | −CN¥82.0m | −CN¥144.6m | −CN¥74.8m | −CN¥44.8m | −CN¥103.0m | −CN¥674.5m | −CN¥72.0m |
| Diluted earnings per share | 0.03 | -0.02 | -0.03 | -0.01 | -0.01 | -0.02 | -0.13 | -0.01 |
| Cash from operations | — | — | — | CN¥33.0m | −CN¥35.0m | −CN¥20.0m | — | −CN¥20.0m |
| Capital spending | −CN¥108.0m | — | −CN¥3.0m | −CN¥5.0m | −CN¥2.0m | −CN¥1.0m | −CN¥10.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥28.0m | −CN¥37.0m | −CN¥21.0m | — | −CN¥21.0m |
| Total assets | CN¥3.32bn | CN¥3.23bn | CN¥3.44bn | CN¥3.37bn | CN¥3.42bn | CN¥3.50bn | CN¥3.61bn | CN¥5.47bn |
| Cash and short-term investments | — | — | — | CN¥128.9m | CN¥127.4m | CN¥156.0m | CN¥208.6m | CN¥412.6m |
| Debt | CN¥669.0m | CN¥663.6m | CN¥175.0m | CN¥1.11bn | CN¥1.03bn | CN¥1.04bn | CN¥1.03bn | CN¥2.24bn |
| Shareholders' equity | CN¥195.1m | CN¥32.7m | CN¥114.5m | CN¥12.6m | CN¥87.3m | CN¥131.8m | CN¥234.8m | CN¥1.17bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.2% | -3.2% | 3.2% | 0.9% | 7.3% | -59.9% |
| Operating margin | -56.7% | -176.9% | -132.9% | -107.4% | -85.2% | -452.4% |
| Net margin | -70.5% | -179.3% | -127.6% | -117.6% | -85.5% | -772.9% |
| Return on equity | -320.6% | -426.0% | -62.5% | -37.8% | -20.5% | 233.8% |
| Return on assets | -10.7% | -27.7% | -15.2% | -12.9% | -8.8% | -107.9% |
| Free cash flow yield | 1.6% | 4.5% | -0.7% | 4.2% | -28.6% | -26.5% |
| Revenue growth | -6.7% | -24.0% | -6.3% | -5.1% | -38.3% | -55.2% |
| Earnings growth | -63.3% | 6.8% | 1.7% | 30.5% | -93.2% | -7.6% |
| Current ratio | 0.53x | 0.63x | 1.00x | 1.24x | 1.69x | 0.39x |
| Debt to equity | 1.53x | 4.37x | 1.66x | 1.15x | 0.83x | -1.26x |
| Equity ratio | 3.3% | 6.5% | 24.2% | 34.2% | 43.0% | -46.1% |
| Interest coverage | -4.14x | -8.03x | -10.73x | -9.38x | -37.19x | -18.51x |
| R&D as a share of sales | 0.9% | 1.0% | 6.0% | 5.0% | 2.5% | 15.0% |
| Buybacks as a share of market value | -0.8% | 12.2% | -18.1% | -131.7% | 9.4% | -12.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.7% | -17.2% | -27.9% |
| Net income | -26.4% | -48.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.6% | 5.2% | -12.8% | 14.0% |
| Net margin | -126.7% | -124.2% | -299.9% | -26.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -48.5 | -11.9 | -18.1 | -22.3 | -18.7 | -0.3 | -0.5 | 12.0 | 18.9 | 5.5 |
| Price to sales | 34.2 | 21.4 | 23.1 | 26.3 | 16.0 | 2.3 | 2.0 | 0.7 | 1.1 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2018.
| FY2018 | FY2016 | FY2014 | FY2013 | FY2001 | |
|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.02 | 0.015 | 0.06 | 0.062 |
- 1-to-1 reverse split · 15 Dec 2021
- 3-for-2 split · 20 Apr 2007
- 1-to-1 reverse split · 7 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.