J 
7.39
0.00%
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¥8.69bn
FY2016FY2025
Net income
−CN¥463.3m
FY2016FY2025
Free cash flow
−CN¥220.3m
FY2016FY2025
Shareholders' equity
CN¥2.43bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.69bn | CN¥10.13bn | CN¥9.45bn | CN¥9.89bn | CN¥7.93bn | CN¥5.56bn | CN¥6.54bn | CN¥7.89bn | CN¥6.95bn | CN¥4.38bn |
| Gross profit | CN¥482.4m | CN¥470.6m | CN¥200.4m | CN¥388.6m | CN¥982.0m | CN¥548.4m | CN¥360.3m | CN¥1.19bn | CN¥1.27bn | CN¥766.3m |
| Research and development | CN¥86.1m | CN¥46.2m | CN¥23.1m | CN¥4.3m | CN¥4.7m | CN¥5.6m | CN¥4.0m | CN¥358.9m | CN¥289.9m | CN¥277.3m |
| Operating income | −CN¥248.8m | CN¥43.6m | −CN¥230.4m | CN¥53.0m | CN¥526.7m | CN¥112.8m | −CN¥287.5m | CN¥476.0m | CN¥566.6m | CN¥89.5m |
| Net income | −CN¥463.3m | CN¥25.1m | −CN¥242.9m | CN¥9.0m | CN¥431.4m | CN¥97.0m | −CN¥276.4m | CN¥401.2m | CN¥480.8m | CN¥94.1m |
| Diluted earnings per share | -0.60 | 0.03 | -0.33 | 0.01 | 0.62 | 0.13 | -0.38 | 0.55 | 1.08 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.86bn | CN¥8.31bn | CN¥7.94bn | CN¥8.41bn | CN¥7.10bn | CN¥6.93bn | CN¥7.19bn | CN¥7.15bn | CN¥7.47bn | CN¥6.18bn |
| Cash and short-term investments | — | CN¥461.7m | CN¥442.3m | CN¥526.9m | CN¥312.5m | CN¥326.2m | CN¥798.2m | CN¥771.9m | CN¥620.9m | CN¥461.0m |
| Total liabilities | CN¥5.29bn | CN¥5.20bn | CN¥4.77bn | CN¥4.98bn | CN¥3.70bn | CN¥3.85bn | CN¥4.20bn | CN¥3.61bn | CN¥4.12bn | CN¥3.99bn |
| Debt | CN¥305.9m | CN¥2.34bn | CN¥2.47bn | CN¥2.50bn | CN¥1.96bn | CN¥1.89bn | CN¥2.14bn | CN¥2.03bn | CN¥2.36bn | CN¥2.76bn |
| Shareholders' equity | CN¥2.43bn | CN¥2.98bn | CN¥3.02bn | CN¥3.28bn | CN¥3.25bn | CN¥2.99bn | CN¥2.88bn | CN¥3.36bn | CN¥3.18bn | CN¥2.04bn |
| Shares outstanding | 769m | 740m | 736m | 763m | 697m | 725m | 727m | 727m | 447m | 536m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥17.5m | −CN¥121.8m | CN¥495.8m | −CN¥87.5m | CN¥196.1m | −CN¥44.3m | CN¥502.5m | CN¥987.3m | CN¥107.9m | CN¥489.8m |
| Capital spending | −CN¥237.8m | −CN¥441.3m | −CN¥413.4m | −CN¥163.1m | −CN¥180.7m | −CN¥150.5m | −CN¥141.1m | −CN¥203.0m | −CN¥92.3m | −CN¥95.0m |
| Free cash flow | −CN¥220.3m | −CN¥563.2m | CN¥82.5m | −CN¥250.6m | CN¥15.4m | −CN¥194.7m | CN¥361.4m | CN¥784.4m | CN¥15.6m | CN¥394.8m |
| Dividends paid | −CN¥91.4m | −CN¥96.6m | −CN¥98.8m | −CN¥95.1m | −CN¥186.2m | −CN¥80.8m | −CN¥218.1m | −CN¥318.4m | −CN¥144.2m | −CN¥135.0m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.60bn | CN¥2.53bn | CN¥1.90bn | CN¥2.27bn | CN¥2.12bn | CN¥2.12bn | CN¥2.18bn | CN¥2.83bn |
| Gross profit | CN¥123.0m | CN¥169.2m | CN¥3.0m | CN¥713,047 | CN¥40.3m | CN¥21.4m | CN¥79.7m | CN¥175.9m |
| Operating income | CN¥13.6m | CN¥70.0m | −CN¥79.4m | −CN¥96.3m | −CN¥103.4m | −CN¥81.6m | −CN¥32.8m | CN¥88.1m |
| Net income | −CN¥55.1m | −CN¥11.3m | −CN¥95.1m | −CN¥251.8m | −CN¥96.6m | −CN¥79.4m | −CN¥35.5m | CN¥80.1m |
| Diluted earnings per share | -0.07 | -0.01 | -0.12 | -0.33 | -0.13 | -0.10 | -0.05 | 0.11 |
| Cash from operations | — | — | — | — | −CN¥109.0m | CN¥245.0m | −CN¥253.0m | — |
| Capital spending | −CN¥87.0m | −CN¥46.0m | −CN¥57.0m | — | −CN¥42.0m | −CN¥51.0m | −CN¥173.0m | −CN¥75.0m |
| Free cash flow | — | — | — | — | −CN¥151.0m | CN¥194.0m | −CN¥426.0m | — |
| Total assets | CN¥8.81bn | CN¥8.74bn | CN¥8.36bn | CN¥7.86bn | CN¥8.39bn | CN¥8.06bn | CN¥8.00bn | CN¥8.31bn |
| Cash and short-term investments | — | — | — | — | CN¥300.6m | CN¥379.6m | CN¥314.3m | CN¥461.7m |
| Debt | CN¥1.39bn | CN¥1.35bn | CN¥980.5m | CN¥305.9m | CN¥3.72bn | CN¥3.08bn | CN¥2.64bn | CN¥2.33bn |
| Shareholders' equity | CN¥2.49bn | CN¥2.47bn | CN¥2.33bn | CN¥2.43bn | CN¥2.68bn | CN¥2.78bn | CN¥2.86bn | CN¥2.98bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.6% | 4.6% | 2.1% | 3.9% | 12.4% | 9.9% |
| Operating margin | -4.6% | 1.4% | -1.3% | 1.6% | 7.4% | 3.4% |
| Net margin | -5.3% | 0.2% | -2.6% | 0.1% | 5.4% | 1.7% |
| Return on equity | -19.1% | 0.8% | -8.0% | 0.3% | 13.3% | 3.2% |
| Return on assets | -5.9% | 0.3% | -3.1% | 0.1% | 6.1% | 1.4% |
| Free cash flow yield | 3.6% | 4.7% | 13.3% | 1.1% | 5.8% | 1.6% |
| Revenue growth | -14.3% | 7.2% | -4.5% | 24.7% | 42.6% | -15.0% |
| Earnings growth | -1943.4% | -110.3% | -2806.9% | -97.9% | 344.7% | -135.1% |
| Current ratio | 0.74x | 1.09x | 1.08x | 1.13x | 1.09x | 1.04x |
| Debt to equity | 0.13x | 0.78x | 0.81x | 0.76x | 0.47x | 0.63x |
| Equity ratio | 30.9% | 35.8% | 38.0% | 39.0% | 45.8% | 43.2% |
| Interest coverage | -4.49x | 1.45x | -1.10x | 1.58x | 7.12x | 2.20x |
| R&D as a share of sales | 1.0% | 0.5% | 0.2% | 0.0% | 0.1% | 0.1% |
| Buybacks as a share of market value | -4.0% | -0.5% | 3.5% | -9.4% | 3.9% | 0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.2% | 9.3% | 6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.1% | 4.0% | 5.9% | 8.9% |
| Operating margin | -1.1% | -1.0% | 0.5% | 1.4% |
| Net margin | -2.3% | -1.8% | -0.3% | 0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.7 | 313.1 | -35.1 | — | 17.0 | 46.3 | -12.7 | 10.7 | 9.0 | 47.7 |
| Price to sales | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.8 | 0.5 | 0.5 | 0.6 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Nov 2021.
| FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2013 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.249 | 0.30 | 0.30 | 0.05 | 0.01 | 0.02 | 0.09 | 0.019 |
- 8-for-5 split · 28 Sept 2011
- 13-for-10 split · 1 Apr 2010
- 6-for-5 split · 14 May 2009
- 9-for-5 split · 11 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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