Z 
3.32
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¥1.28bn
FY2016FY2025
Net income
−CN¥10.8m
FY2016FY2025
Free cash flow
CN¥20.9m
FY2016FY2025
Shareholders' equity
CN¥37.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.28bn | CN¥1.58bn | CN¥1.68bn | CN¥2.02bn | CN¥2.08bn | CN¥1.93bn | CN¥2.73bn | CN¥2.80bn | CN¥3.21bn | CN¥3.05bn |
| Gross profit | CN¥203.6m | CN¥154.1m | CN¥283.1m | CN¥316.9m | CN¥270.9m | CN¥290.0m | CN¥283.1m | CN¥445.6m | CN¥385.3m | CN¥451.3m |
| Research and development | CN¥19.4m | CN¥24.5m | CN¥19.3m | CN¥22.6m | CN¥18.1m | CN¥17.2m | CN¥3.7m | CN¥20.7m | CN¥17.1m | CN¥13.2m |
| Operating income | CN¥18.8m | −CN¥19.7m | CN¥29.4m | CN¥56.1m | CN¥5.6m | CN¥58.6m | −CN¥238.5m | CN¥184.0m | −CN¥566.9m | CN¥173.4m |
| Net income | −CN¥10.8m | −CN¥21.9m | CN¥8.6m | CN¥3.9m | CN¥7.3m | CN¥14.8m | −CN¥392.2m | CN¥32.1m | −CN¥722.9m | CN¥79.6m |
| Diluted earnings per share | -0.02 | -0.03 | 0.01 | 0.01 | 0.01 | 0.02 | -0.54 | 0.05 | -1.04 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.21bn | CN¥2.27bn | CN¥2.39bn | CN¥2.43bn | CN¥2.47bn | CN¥2.56bn | CN¥3.01bn | CN¥3.55bn | CN¥3.94bn | CN¥4.20bn |
| Cash and short-term investments | — | CN¥603.8m | CN¥553.3m | CN¥478.9m | CN¥510.9m | CN¥591.6m | CN¥494.3m | CN¥382.3m | CN¥494.1m | CN¥581.4m |
| Total liabilities | CN¥2.14bn | CN¥2.17bn | CN¥2.27bn | CN¥2.31bn | CN¥2.38bn | CN¥2.48bn | CN¥2.95bn | CN¥3.11bn | CN¥3.54bn | CN¥3.38bn |
| Debt | CN¥713.0m | CN¥1.72bn | CN¥2.01bn | CN¥2.01bn | CN¥2.06bn | CN¥2.20bn | CN¥2.50bn | CN¥2.68bn | CN¥2.96bn | CN¥2.90bn |
| Shareholders' equity | CN¥37.2m | CN¥51.7m | CN¥78.1m | CN¥65.4m | CN¥43.6m | CN¥12.6m | CN¥1.7m | CN¥385.5m | CN¥349.3m | CN¥794.2m |
| Shares outstanding | 715m | 712m | 706m | 707m | 719m | 711m | 721m | 710m | 697m | 772m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥42.0m | CN¥78.9m | CN¥190.1m | CN¥95.1m | CN¥118.5m | CN¥210.9m | CN¥383.9m | CN¥291.4m | CN¥136.5m | CN¥307.6m |
| Capital spending | −CN¥21.1m | −CN¥33.4m | −CN¥15.5m | −CN¥30.3m | −CN¥37.0m | −CN¥33.2m | −CN¥29.7m | −CN¥48.5m | −CN¥93.4m | −CN¥64.9m |
| Free cash flow | CN¥20.9m | CN¥45.5m | CN¥174.6m | CN¥64.7m | CN¥81.5m | CN¥177.6m | CN¥354.2m | CN¥243.0m | CN¥43.1m | CN¥242.7m |
| Dividends paid | −CN¥62.6m | −CN¥69.6m | −CN¥73.2m | −CN¥79.4m | −CN¥86.7m | −CN¥99.8m | −CN¥139.7m | −CN¥138.1m | −CN¥143.5m | −CN¥164.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥414.1m | CN¥317.4m | CN¥194.7m | CN¥310.7m | CN¥362.4m | CN¥410.1m | CN¥416.1m | CN¥388.0m |
| Gross profit | CN¥80.4m | CN¥52.4m | CN¥43.2m | CN¥37.9m | CN¥70.8m | CN¥51.7m | −CN¥3.6m | CN¥52.5m |
| Operating income | CN¥29.2m | CN¥10.0m | −CN¥9.7m | −CN¥25.2m | CN¥18.1m | −CN¥2.9m | CN¥21.2m | −CN¥4.9m |
| Net income | CN¥10.3m | CN¥2.6m | CN¥21.6m | −CN¥42.5m | CN¥11.7m | −CN¥1.6m | CN¥2.8m | −CN¥2.9m |
| Diluted earnings per share | 0.01 | 0.00 | 0.03 | -0.06 | 0.02 | -0.00 | 0.00 | -0.00 |
| Cash from operations | — | — | — | CN¥12.0m | CN¥55.0m | −CN¥3.0m | — | −CN¥21.0m |
| Capital spending | −CN¥7.0m | −CN¥16.0m | −CN¥7.0m | −CN¥3.0m | −CN¥7.0m | −CN¥2.0m | −CN¥7.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥9.0m | CN¥48.0m | −CN¥5.0m | — | −CN¥25.0m |
| Total assets | CN¥2.22bn | CN¥2.16bn | CN¥2.21bn | CN¥2.19bn | CN¥2.26bn | CN¥2.22bn | CN¥2.27bn | CN¥2.29bn |
| Cash and short-term investments | — | — | — | CN¥584.4m | CN¥614.7m | CN¥584.0m | CN¥603.8m | CN¥499.5m |
| Debt | CN¥495.5m | CN¥712.9m | CN¥713.0m | CN¥1.69bn | CN¥1.92bn | CN¥1.70bn | CN¥1.70bn | CN¥1.74bn |
| Shareholders' equity | CN¥28.7m | CN¥27.5m | CN¥37.2m | CN¥18.1m | CN¥63.4m | CN¥49.7m | CN¥51.7m | CN¥48.5m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.9% | 9.7% | 16.9% | 15.7% | 13.0% | 15.0% |
| Operating margin | 4.6% | 3.3% | 5.7% | 6.0% | 5.3% | 8.0% |
| Net margin | -0.8% | -1.4% | 0.5% | 0.2% | 0.4% | 0.8% |
| Return on equity | -28.9% | -42.4% | 11.0% | 6.0% | 16.9% | 118.1% |
| Return on assets | -0.5% | -1.0% | 0.4% | 0.2% | 0.3% | 0.6% |
| Free cash flow yield | 2.5% | 4.5% | 8.4% | 5.1% | 6.2% | 9.9% |
| Revenue growth | -19.3% | -5.7% | -17.0% | -3.0% | 8.1% | -29.4% |
| Earnings growth | -50.9% | -355.1% | 118.2% | -46.4% | -50.5% | -103.8% |
| Current ratio | 1.15x | 0.74x | 0.82x | 0.70x | 0.73x | 0.63x |
| Debt to equity | 19.18x | 32.95x | 25.57x | 27.20x | 46.88x | 153.35x |
| Equity ratio | 1.7% | 2.3% | 3.3% | 2.7% | 1.8% | 0.5% |
| Interest coverage | 0.96x | 0.76x | 1.33x | 1.56x | 1.29x | 1.44x |
| R&D as a share of sales | 1.5% | 1.5% | 1.1% | 1.1% | 0.9% | 0.9% |
| Buybacks as a share of market value | -0.4% | -0.8% | 0.1% | 1.8% | -1.2% | 1.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.2% | -7.9% | -7.3% |
| Operating income | -30.6% | -20.4% | — |
| Net income | — | — | -26.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.5% | 14.6% | 14.4% | 13.4% |
| Operating margin | -0.0% | 1.3% | 1.4% | -2.4% |
| Net margin | -1.1% | -0.3% | 0.0% | -5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -249.3 | -119.3 | 369.1 | — | 322.2 | 189.0 | -4.9 | 72.0 | -7.7 | 107.7 |
| Price to sales | 2.1 | 1.6 | 1.9 | 1.3 | 1.1 | 1.5 | 0.7 | 0.8 | 1.7 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2014.
| FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.30 | 0.40 | 0.333 | 0.167 | 0.117 | 0.05 | 0.117 |
- 3-for-2 split · 22 Apr 2011
- 2-for-1 split · 16 Apr 2010
- 2-for-1 split · 23 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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