A 
9.63
-1.93%
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¥2.07bn
FY2017FY2025
Net income
−CN¥29.4m
FY2017FY2025
Free cash flow
−CN¥114.7m
FY2017FY2025
Shareholders' equity
CN¥2.20bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.07bn | CN¥1.64bn | CN¥1.79bn | CN¥2.10bn | CN¥1.89bn | CN¥1.15bn | CN¥1.26bn | CN¥1.27bn | CN¥1.12bn |
| Gross profit | CN¥459.2m | CN¥213.4m | CN¥285.0m | CN¥346.6m | CN¥605.1m | CN¥266.1m | CN¥334.2m | CN¥298.5m | CN¥276.7m |
| Research and development | CN¥66.7m | CN¥49.6m | CN¥55.5m | CN¥64.5m | CN¥60.2m | CN¥41.1m | CN¥43.9m | CN¥42.6m | CN¥33.5m |
| Operating income | CN¥6.3m | CN¥97.7m | CN¥182.1m | CN¥243.8m | CN¥478.8m | CN¥187.6m | CN¥171.3m | CN¥130.1m | CN¥121.3m |
| Net income | −CN¥29.4m | CN¥87.7m | CN¥158.3m | CN¥219.8m | CN¥415.6m | CN¥167.9m | CN¥146.1m | CN¥109.9m | CN¥117.3m |
| Diluted earnings per share | -0.10 | 0.25 | 0.49 | 0.67 | 1.26 | 0.66 | 0.50 | 0.38 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.41bn | CN¥3.57bn | CN¥3.35bn | CN¥2.92bn | CN¥2.30bn | CN¥1.03bn | CN¥941.7m | CN¥975.9m | CN¥880.0m |
| Cash and short-term investments | — | CN¥291.9m | CN¥481.5m | CN¥782.4m | CN¥1.03bn | CN¥57.5m | CN¥37.1m | CN¥21.0m | CN¥16.4m |
| Total liabilities | CN¥1.21bn | CN¥1.31bn | CN¥1.15bn | CN¥841.7m | CN¥379.1m | CN¥254.5m | CN¥271.2m | CN¥431.6m | CN¥420.2m |
| Debt | — | CN¥60.0m | CN¥756,890 | CN¥390.9m | CN¥40.7m | CN¥30.2m | CN¥48.1m | CN¥132.4m | CN¥130.1m |
| Shareholders' equity | CN¥2.20bn | CN¥2.26bn | CN¥2.20bn | CN¥2.08bn | CN¥1.92bn | CN¥778.3m | CN¥670.5m | CN¥544.3m | CN¥459.8m |
| Shares outstanding | 291m | 346m | 322m | 328m | 330m | 253m | 291m | 291m | 291m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥183.9m | CN¥433.8m | CN¥7.3m | CN¥185.3m | CN¥364.8m | CN¥106.6m | CN¥123.8m | CN¥60.7m | CN¥159.0m |
| Capital spending | −CN¥298.5m | −CN¥580.8m | −CN¥351.3m | −CN¥292.3m | −CN¥107.9m | −CN¥8.6m | −CN¥27.8m | −CN¥36.4m | −CN¥9.6m |
| Free cash flow | −CN¥114.7m | −CN¥147.0m | −CN¥344.0m | −CN¥107.0m | CN¥256.9m | CN¥98.0m | CN¥96.0m | CN¥24.3m | CN¥149.5m |
| Dividends paid | −CN¥35.0m | −CN¥35.0m | −CN¥33.2m | −CN¥66.4m | −CN¥33.2m | −CN¥61.3m | −CN¥35.8m | −CN¥37.9m | −CN¥9.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥588.2m | CN¥519.0m | CN¥549.8m | CN¥518.0m | CN¥533.2m | CN¥470.7m | CN¥433.9m | CN¥382.1m |
| Gross profit | CN¥68.8m | CN¥17.6m | CN¥29.4m | CN¥27.3m | CN¥40.5m | CN¥43.2m | CN¥41.3m | CN¥40.2m |
| Operating income | CN¥34.6m | −CN¥10.5m | −CN¥19.7m | −CN¥228,574 | CN¥16.4m | CN¥19.2m | CN¥10.4m | CN¥10.1m |
| Net income | CN¥29.5m | −CN¥14.6m | −CN¥51.4m | −CN¥7.3m | CN¥12.3m | CN¥17.0m | CN¥7.5m | CN¥9.2m |
| Diluted earnings per share | 0.10 | -0.05 | -0.18 | -0.03 | 0.04 | 0.06 | 0.02 | 0.03 |
| Cash from operations | — | — | — | CN¥117.0m | CN¥116.0m | −CN¥114.0m | CN¥20.0m | CN¥174.0m |
| Capital spending | −CN¥49.0m | −CN¥98.0m | −CN¥60.0m | −CN¥81.0m | −CN¥81.0m | −CN¥75.0m | −CN¥110.0m | −CN¥166.0m |
| Free cash flow | — | — | — | CN¥36.0m | CN¥35.0m | −CN¥189.0m | −CN¥90.0m | CN¥8.0m |
| Total assets | CN¥3.18bn | CN¥3.33bn | CN¥3.41bn | CN¥3.47bn | CN¥3.54bn | CN¥3.61bn | CN¥3.57bn | CN¥3.57bn |
| Cash and short-term investments | — | — | — | CN¥286.4m | CN¥332.9m | CN¥325.6m | CN¥291.9m | CN¥321.0m |
| Debt | — | — | — | CN¥713.5m | CN¥200.0m | CN¥198.0m | CN¥60.0m | CN¥645.7m |
| Shareholders' equity | CN¥2.18bn | CN¥2.18bn | CN¥2.20bn | CN¥2.25bn | CN¥2.26bn | CN¥2.28bn | CN¥2.26bn | CN¥2.25bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 22.2% | 13.0% | 15.9% | 16.5% | 32.0% | 23.2% | — |
| Operating margin | 0.4% | 6.2% | 10.2% | 12.3% | 25.5% | 17.0% | — |
| Net margin | -1.4% | 5.3% | 8.8% | 10.5% | 21.9% | 14.6% | — |
| Return on equity | -1.3% | 3.9% | 7.2% | 10.6% | 21.6% | 21.6% | — |
| Return on assets | -0.9% | 2.5% | 4.7% | 7.5% | 18.1% | 16.3% | — |
| Free cash flow yield | 15.0% | 26.5% | 10.1% | 13.2% | 13.0% | 4.1% | — |
| Revenue growth | 26.2% | -8.4% | -14.7% | 11.0% | 65.0% | -8.7% | — |
| Earnings growth | -133.6% | -44.6% | -28.0% | -47.1% | 147.5% | 14.9% | — |
| Current ratio | 0.90x | 0.74x | 0.98x | 1.55x | 4.14x | 1.79x | — |
| Debt to equity | — | 0.03x | 0.00x | 0.19x | 0.00x | 0.04x | 0.07x |
| Equity ratio | 64.4% | 63.2% | 65.7% | 71.1% | 83.5% | 75.4% | — |
| Interest coverage | 4.64x | 48.56x | 279.47x | 440.56x | 452.23x | 126.94x | — |
| R&D as a share of sales | 3.2% | 3.0% | 3.1% | 3.1% | 3.2% | 3.6% | — |
| Buybacks as a share of market value | 16.2% | -7.7% | 2.0% | 0.7% | -30.5% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | 12.5% | — |
| Operating income | -70.4% | -49.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.1% | 17.1% | 20.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -137.5 | 55.8 | 28.7 | 19.5 | 15.3 |
| Price to sales | 1.9 | 3.0 | 2.5 | 2.0 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 26 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.10 | 0.20 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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