H 
9.38
+0.11%
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¥11.23bn
FY2016FY2025
Net income
CN¥390.4m
FY2016FY2025
Free cash flow
CN¥1.57bn
FY2016FY2025
Shareholders' equity
CN¥3.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥11.23bn | CN¥12.16bn | CN¥11.98bn | CN¥13.10bn | CN¥11.94bn | CN¥10.28bn | CN¥8.10bn | CN¥8.08bn | CN¥8.76bn | CN¥6.95bn |
| Gross profit | CN¥1.54bn | CN¥865.4m | CN¥312.3m | −CN¥1.50bn | −CN¥1.48bn | CN¥1.19bn | CN¥801.3m | −CN¥265.8m | CN¥461.3m | CN¥1.37bn |
| Research and development | CN¥3.3m | CN¥3.5m | CN¥2.8m | CN¥3.1m | — | — | — | — | — | — |
| Operating income | — | −CN¥187.2m | −CN¥689.7m | −CN¥2.66bn | −CN¥1.81bn | CN¥916.3m | CN¥131.2m | −CN¥635.3m | CN¥411.9m | CN¥1.04bn |
| Net income | CN¥390.4m | −CN¥121.4m | −CN¥553.5m | −CN¥2.14bn | −CN¥2.00bn | CN¥488.5m | CN¥97.9m | −CN¥660.4m | CN¥53.5m | CN¥473.5m |
| Diluted earnings per share | 0.26 | -0.08 | -0.36 | -1.40 | -1.48 | 0.42 | 0.09 | -0.57 | 0.05 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥32.15bn | CN¥31.62bn | CN¥31.65bn | CN¥30.81bn | CN¥28.78bn | CN¥27.41bn | CN¥20.00bn | CN¥21.33bn | CN¥20.90bn | CN¥18.31bn |
| Cash and short-term investments | — | CN¥1.35bn | CN¥1.29bn | CN¥3.06bn | CN¥1.85bn | CN¥1.38bn | CN¥896.6m | CN¥839.0m | CN¥749.1m | CN¥255.7m |
| Total liabilities | CN¥27.90bn | CN¥28.14bn | CN¥28.08bn | CN¥26.77bn | CN¥23.18bn | CN¥19.46bn | CN¥13.44bn | CN¥14.84bn | CN¥13.56bn | CN¥11.64bn |
| Debt | CN¥16.92bn | CN¥18.59bn | CN¥17.88bn | CN¥16.05bn | CN¥12.89bn | CN¥11.98bn | CN¥9.24bn | CN¥9.04bn | CN¥9.18bn | CN¥7.70bn |
| Shareholders' equity | CN¥3.51bn | CN¥3.11bn | CN¥3.21bn | CN¥3.76bn | CN¥5.08bn | CN¥7.16bn | CN¥5.86bn | CN¥5.70bn | CN¥6.35bn | CN¥5.63bn |
| Shares outstanding | 1,526m | 1,525m | 1,526m | 1,526m | 1,356m | 1,150m | 1,151m | 1,154m | 1,122m | 1,076m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.52bn | CN¥2.37bn | CN¥753.3m | −CN¥33.4m | −CN¥229.0m | CN¥1.79bn | CN¥1.57bn | CN¥1.06bn | CN¥573.0m | CN¥766.1m |
| Capital spending | −CN¥1.95bn | −CN¥2.15bn | −CN¥2.11bn | −CN¥1.90bn | −CN¥1.53bn | −CN¥1.33bn | −CN¥908.3m | −CN¥1.15bn | −CN¥1.25bn | −CN¥1.10bn |
| Free cash flow | CN¥1.57bn | CN¥217.9m | −CN¥1.36bn | −CN¥1.93bn | −CN¥1.76bn | CN¥455.0m | CN¥658.4m | −CN¥88.4m | −CN¥679.5m | −CN¥337.8m |
| Dividends paid | −CN¥635.8m | −CN¥720.1m | −CN¥725.3m | −CN¥688.9m | −CN¥558.1m | −CN¥590.1m | −CN¥548.1m | −CN¥502.2m | −CN¥420.2m | −CN¥532.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.30bn | CN¥2.58bn | CN¥2.56bn | CN¥3.38bn | CN¥2.25bn | CN¥3.03bn | CN¥2.77bn | CN¥3.25bn |
| Gross profit | CN¥242.3m | CN¥230.1m | CN¥375.6m | CN¥534.6m | CN¥323.5m | CN¥303.5m | CN¥162.9m | CN¥227.7m |
| Operating income | CN¥180.5m | CN¥167.3m | CN¥277.4m | CN¥430.4m | CN¥111.8m | CN¥239.0m | CN¥194.2m | −CN¥36.0m |
| Net income | CN¥36.2m | CN¥29.3m | CN¥102.6m | CN¥184.5m | CN¥58.9m | CN¥44.3m | −CN¥32.1m | −CN¥46.4m |
| Diluted earnings per share | 0.02 | 0.02 | 0.07 | 0.12 | 0.04 | 0.03 | -0.02 | -0.03 |
| Cash from operations | — | — | — | CN¥1.66bn | CN¥491.0m | CN¥1.10bn | CN¥893.0m | CN¥492.0m |
| Capital spending | −CN¥395.0m | −CN¥399.0m | −CN¥691.0m | −CN¥456.0m | −CN¥300.0m | −CN¥498.0m | −CN¥715.0m | −CN¥477.0m |
| Free cash flow | — | — | — | CN¥1.20bn | CN¥191.0m | CN¥599.0m | CN¥178.0m | CN¥15.0m |
| Total assets | CN¥33.02bn | CN¥33.41bn | CN¥32.15bn | CN¥31.80bn | CN¥31.22bn | CN¥31.44bn | CN¥31.62bn | CN¥31.48bn |
| Cash and short-term investments | — | — | — | CN¥2.82bn | CN¥1.54bn | CN¥1.84bn | CN¥1.35bn | CN¥1.67bn |
| Debt | CN¥17.88bn | CN¥19.21bn | CN¥16.92bn | CN¥7.54bn | CN¥19.39bn | CN¥19.15bn | CN¥18.44bn | CN¥19.38bn |
| Shareholders' equity | CN¥3.61bn | CN¥3.56bn | CN¥3.51bn | CN¥3.45bn | CN¥3.24bn | CN¥3.17bn | CN¥3.11bn | CN¥3.14bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.2% | 7.1% | 2.6% | -11.4% | -12.4% | 11.5% |
| Operating margin | 9.7% | -1.5% | -5.8% | -20.3% | -15.2% | 8.9% |
| Net margin | 3.5% | -1.0% | -4.6% | -16.3% | -16.8% | 4.8% |
| Return on equity | 11.1% | -3.9% | -17.2% | -56.9% | -39.4% | 6.8% |
| Return on assets | 1.2% | -0.4% | -1.7% | -6.9% | -6.9% | 1.8% |
| Free cash flow yield | 34.8% | 28.8% | 18.2% | 11.9% | 9.3% | 26.4% |
| Revenue growth | -7.6% | 1.4% | -8.5% | 9.7% | 16.2% | 27.0% |
| Earnings growth | -421.5% | -78.1% | -74.1% | 7.0% | -509.4% | 398.9% |
| Current ratio | 0.47x | 0.44x | 0.50x | 0.68x | 0.66x | 0.73x |
| Debt to equity | 4.82x | 5.94x | 5.54x | 4.26x | 2.54x | 1.26x |
| Equity ratio | 10.9% | 9.8% | 10.1% | 12.2% | 17.7% | 26.1% |
| Interest coverage | 1.87x | -0.24x | -0.84x | -3.11x | -2.52x | 2.46x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Buybacks as a share of market value | -0.0% | 0.0% | -0.0% | -12.5% | -17.8% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.0% | 1.8% | 11.9% |
| Net income | — | -4.4% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.3% | 2.5% | 1.3% | 4.3% |
| Net margin | 1.2% | -5.0% | -5.6% | -3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.3 | -52.1 | -12.1 | -3.8 | -4.8 | 22.7 | 41.8 | -5.3 | 113.6 | 22.8 |
| Price to sales | 0.7 | 0.5 | 0.6 | 0.6 | 0.8 | 1.1 | 0.5 | 0.4 | 0.7 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2006.
| FY2006 | FY2004 | FY2003 | FY2002 | FY2001 | FY2000 | FY1999 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.80 | 0.05 | 0.14 | 0.10 | 0.20 | 0.20 | 0.35 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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