R 
13.88
-0.07%
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¥3.87bn
FY2016FY2025
Net income
−CN¥57.8m
FY2016FY2025
Free cash flow
CN¥44.2m
FY2016FY2025
Shareholders' equity
CN¥628.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.87bn | CN¥4.35bn | CN¥4.63bn | CN¥4.82bn | CN¥4.54bn | CN¥4.22bn | CN¥3.90bn | CN¥3.79bn | CN¥2.18bn | CN¥1.76bn |
| Gross profit | CN¥493.9m | CN¥632.9m | CN¥731.9m | CN¥804.4m | CN¥764.3m | CN¥648.2m | CN¥714.1m | CN¥671.5m | CN¥488.5m | CN¥417.0m |
| Research and development | CN¥150.1m | CN¥159.2m | CN¥175.6m | CN¥186.2m | CN¥175.3m | CN¥137.2m | CN¥137.1m | CN¥119.6m | CN¥60.1m | CN¥52.9m |
| Operating income | CN¥61.2m | CN¥135.4m | CN¥175.8m | CN¥173.5m | CN¥152.0m | CN¥122.6m | CN¥91.5m | CN¥83.3m | CN¥40.2m | −CN¥4.8m |
| Net income | −CN¥57.8m | CN¥57.0m | CN¥72.8m | CN¥66.2m | CN¥47.8m | CN¥27.7m | CN¥25.6m | CN¥17.3m | CN¥15.2m | CN¥25.2m |
| Diluted earnings per share | -0.24 | 0.25 | 0.32 | 0.29 | 0.21 | 0.12 | 0.11 | 0.07 | 0.07 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.94bn | CN¥5.10bn | CN¥4.85bn | CN¥4.40bn | CN¥3.88bn | CN¥3.74bn | CN¥3.82bn | CN¥3.69bn | CN¥3.66bn | CN¥3.39bn |
| Cash and short-term investments | — | CN¥455.0m | CN¥344.5m | CN¥370.8m | CN¥235.9m | CN¥271.7m | CN¥431.4m | CN¥404.9m | CN¥406.5m | CN¥230.1m |
| Total liabilities | CN¥3.57bn | CN¥3.61bn | CN¥3.40bn | CN¥3.21bn | CN¥2.70bn | CN¥2.65bn | CN¥2.79bn | CN¥2.72bn | CN¥2.74bn | CN¥2.52bn |
| Debt | CN¥277.1m | CN¥942.1m | CN¥1.82bn | CN¥1.25bn | CN¥1.30bn | CN¥1.26bn | CN¥1.26bn | CN¥1.29bn | CN¥1.43bn | CN¥1.62bn |
| Shareholders' equity | CN¥628.1m | CN¥716.5m | CN¥682.4m | CN¥604.2m | CN¥537.7m | CN¥480.4m | CN¥451.5m | CN¥425.9m | CN¥408.6m | CN¥395.0m |
| Shares outstanding | 245m | 231m | 231m | 231m | 231m | 232m | 231m | 231m | 230m | 230m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥89.0m | CN¥351.6m | CN¥185.5m | CN¥286.9m | CN¥245.6m | CN¥285.0m | CN¥163.7m | CN¥339.3m | CN¥193.7m | CN¥133.5m |
| Capital spending | −CN¥44.9m | −CN¥89.1m | −CN¥85.7m | −CN¥35.0m | −CN¥56.7m | −CN¥55.1m | −CN¥104.7m | −CN¥258.0m | −CN¥84.9m | −CN¥72.5m |
| Free cash flow | CN¥44.2m | CN¥262.5m | CN¥99.7m | CN¥251.9m | CN¥188.9m | CN¥229.9m | CN¥59.0m | CN¥81.3m | CN¥108.9m | CN¥61.0m |
| Dividends paid | −CN¥67.8m | −CN¥62.5m | −CN¥60.6m | −CN¥62.9m | −CN¥74.5m | −CN¥68.3m | −CN¥89.5m | −CN¥102.3m | −CN¥97.6m | −CN¥106.3m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥945.5m | CN¥993.3m | CN¥826.1m | CN¥1.03bn | CN¥880.1m | CN¥983.1m | CN¥980.5m | CN¥1.00bn |
| Gross profit | CN¥86.2m | CN¥110.4m | CN¥97.9m | CN¥109.9m | CN¥102.7m | CN¥131.9m | CN¥149.3m | CN¥126.3m |
| Operating income | −CN¥28.6m | CN¥10.5m | CN¥13.2m | −CN¥25.5m | −CN¥8.6m | CN¥23.7m | CN¥42.8m | CN¥31.8m |
| Net income | −CN¥52.3m | −CN¥17.7m | −CN¥3.2m | −CN¥59.9m | −CN¥20.5m | CN¥6.1m | CN¥16.5m | CN¥16.0m |
| Diluted earnings per share | -0.21 | -0.07 | -0.01 | -0.24 | -0.08 | 0.02 | 0.07 | 0.07 |
| Cash from operations | — | — | — | — | −CN¥207.0m | CN¥135.0m | −CN¥56.0m | CN¥328.0m |
| Capital spending | — | −CN¥1.0m | −CN¥1.0m | −CN¥25.0m | −CN¥3.0m | — | −CN¥14.0m | −CN¥17.0m |
| Free cash flow | — | — | — | — | −CN¥210.0m | — | −CN¥70.0m | CN¥311.0m |
| Total assets | CN¥5.55bn | CN¥5.13bn | CN¥4.96bn | CN¥4.94bn | CN¥4.92bn | CN¥4.93bn | CN¥4.93bn | CN¥5.10bn |
| Cash and short-term investments | — | — | — | — | CN¥311.0m | CN¥375.2m | CN¥324.4m | CN¥455.0m |
| Debt | CN¥496.8m | CN¥383.7m | CN¥330.1m | CN¥277.1m | CN¥1.53bn | CN¥934.2m | CN¥983.0m | CN¥939.7m |
| Shareholders' equity | CN¥556.5m | CN¥607.1m | CN¥622.2m | CN¥628.1m | CN¥706.6m | CN¥702.5m | CN¥730.8m | CN¥716.5m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.8% | 14.5% | 15.8% | 16.7% | 16.8% | 15.4% |
| Operating margin | 0.7% | 4.3% | 5.0% | 4.8% | 4.8% | 4.8% |
| Net margin | -1.5% | 1.3% | 1.6% | 1.4% | 1.1% | 0.7% |
| Return on equity | -9.2% | 8.0% | 10.7% | 11.0% | 8.9% | 5.8% |
| Return on assets | -1.2% | 1.1% | 1.5% | 1.5% | 1.2% | 0.7% |
| Free cash flow yield | 3.1% | 10.8% | 6.6% | 7.9% | 7.4% | 8.3% |
| Revenue growth | -11.0% | -6.0% | -4.0% | 6.2% | 7.6% | 8.1% |
| Earnings growth | -201.3% | -21.7% | 9.9% | 38.6% | 72.3% | 8.2% |
| Current ratio | 1.09x | 1.24x | 1.22x | 1.13x | 1.01x | 0.95x |
| Debt to equity | 0.44x | 1.31x | 2.66x | 2.05x | 2.40x | 2.63x |
| Equity ratio | 12.7% | 14.0% | 14.1% | 13.7% | 13.9% | 12.8% |
| Interest coverage | 0.66x | 3.86x | 4.31x | 4.07x | 3.26x | 2.56x |
| R&D as a share of sales | 3.9% | 3.7% | 3.8% | 3.9% | 3.9% | 3.3% |
| Buybacks as a share of market value | -5.9% | 0.0% | -0.1% | 0.1% | 0.2% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.0% | -1.7% | 7.7% |
| Operating income | -29.4% | -13.0% | — |
| Net income | — | — | -3.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.7% | 15.1% | 15.4% | 17.1% |
| Operating margin | 2.4% | 3.1% | 3.1% | 2.4% |
| Net margin | -0.0% | 0.8% | 0.8% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -79.1 | 45.9 | 35.3 | 38.9 | 53.6 | 73.4 | 70.7 | 96.9 | 156.2 | 173.2 |
| Price to sales | 1.2 | 0.6 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.4 | 1.1 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.10 | 0.08 | 0.05 | 0.075 | 0.075 | 0.06 | 0.05 |
- 2-for-1 split · 24 May 2012
- 3-for-2 split · 15 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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