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3.95
-2.71%
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¥28.41bn
FY2016FY2025
Net income
−CN¥288.8m
FY2016FY2025
Free cash flow
CN¥234.1m
FY2016FY2025
Shareholders' equity
CN¥21.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥28.41bn | CN¥30.12bn | CN¥37.12bn | CN¥51.66bn | CN¥62.89bn | CN¥84.21bn | CN¥83.14bn | CN¥70.22bn | CN¥41.06bn | CN¥23.36bn |
| Gross profit | CN¥5.29bn | CN¥4.66bn | CN¥3.09bn | CN¥6.75bn | CN¥8.74bn | CN¥4.83bn | CN¥5.70bn | CN¥7.67bn | CN¥7.24bn | CN¥6.11bn |
| Research and development | CN¥531.8m | CN¥378.3m | CN¥261.4m | CN¥444.0m | CN¥76.7m | CN¥328.2m | CN¥488.1m | CN¥1.04bn | CN¥1.6m | CN¥232.6m |
| Operating income | CN¥1.14bn | CN¥576.4m | −CN¥2.08bn | CN¥1.48bn | CN¥4.90bn | CN¥194.9m | CN¥1.77bn | CN¥3.03bn | CN¥2.99bn | CN¥3.01bn |
| Net income | −CN¥288.8m | −CN¥976.5m | −CN¥2.87bn | CN¥776.3m | CN¥2.75bn | CN¥144.5m | CN¥383.0m | CN¥2.43bn | CN¥2.40bn | CN¥1.84bn |
| Diluted earnings per share | -0.11 | -0.38 | -1.11 | 0.30 | 1.07 | 0.07 | 0.18 | 0.96 | 0.95 | 0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥76.79bn | CN¥77.02bn | CN¥72.53bn | CN¥80.47bn | CN¥73.11bn | CN¥65.29bn | CN¥61.03bn | CN¥58.63bn | CN¥55.63bn | CN¥46.67bn |
| Cash and short-term investments | CN¥5.84bn | CN¥4.77bn | CN¥4.23bn | CN¥8.12bn | CN¥4.78bn | CN¥5.19bn | CN¥4.53bn | CN¥3.64bn | CN¥4.51bn | CN¥2.62bn |
| Total liabilities | CN¥50.04bn | CN¥48.98bn | CN¥43.13bn | CN¥47.45bn | CN¥41.81bn | CN¥43.77bn | CN¥39.12bn | CN¥38.88bn | CN¥36.48bn | CN¥29.99bn |
| Debt | CN¥27.55bn | CN¥16.22bn | CN¥13.85bn | CN¥13.78bn | CN¥15.04bn | CN¥19.38bn | CN¥18.51bn | CN¥20.41bn | CN¥18.84bn | CN¥17.95bn |
| Shareholders' equity | CN¥21.52bn | CN¥21.78bn | CN¥22.70bn | CN¥25.81bn | CN¥25.26bn | CN¥18.93bn | CN¥19.12bn | CN¥18.92bn | CN¥18.38bn | CN¥16.28bn |
| Shares outstanding | 2,576m | 2,576m | 2,576m | 2,576m | 2,576m | 2,151m | 2,146m | 2,532m | 2,536m | 2,525m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.21bn | CN¥5.88bn | CN¥4.17bn | CN¥5.33bn | CN¥4.46bn | CN¥7.06bn | CN¥8.14bn | CN¥6.39bn | CN¥3.75bn | CN¥1.92bn |
| Capital spending | −CN¥2.98bn | −CN¥2.94bn | −CN¥4.27bn | −CN¥5.30bn | −CN¥1.65bn | −CN¥1.98bn | −CN¥4.82bn | −CN¥4.26bn | −CN¥3.60bn | −CN¥2.59bn |
| Free cash flow | CN¥234.1m | CN¥2.95bn | −CN¥105.0m | CN¥27.5m | CN¥2.81bn | CN¥5.08bn | CN¥3.32bn | CN¥2.13bn | CN¥155.4m | −CN¥668.7m |
| Dividends paid | −CN¥789.2m | −CN¥827.1m | −CN¥259.0m | −CN¥1.27bn | −CN¥1.11bn | −CN¥1.23bn | −CN¥1.71bn | −CN¥1.73bn | −CN¥1.48bn | −CN¥1.30bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.09bn | CN¥7.28bn | CN¥7.45bn | CN¥7.10bn | CN¥7.19bn | CN¥6.77bn | CN¥7.63bn | CN¥7.27bn |
| Gross profit | CN¥1.62bn | CN¥1.09bn | CN¥1.55bn | CN¥1.32bn | CN¥1.10bn | CN¥1.38bn | CN¥936.1m | CN¥1.61bn |
| Operating income | CN¥591.1m | CN¥145.0m | CN¥226.1m | CN¥284.1m | CN¥219.8m | −CN¥89.7m | −CN¥540.8m | CN¥263.9m |
| Net income | CN¥217.5m | −CN¥142.6m | −CN¥109.5m | CN¥14.9m | −CN¥104.3m | −CN¥89.8m | −CN¥628.4m | −CN¥105.4m |
| Diluted earnings per share | 0.08 | -0.06 | -0.04 | 0.01 | -0.04 | -0.03 | -0.24 | -0.04 |
| Cash from operations | — | — | CN¥1.82bn | CN¥164.0m | CN¥1.13bn | CN¥103.0m | CN¥1.64bn | CN¥1.52bn |
| Capital spending | −CN¥675.0m | −CN¥630.0m | −CN¥646.0m | −CN¥785.0m | −CN¥1.03bn | −CN¥512.0m | −CN¥418.0m | −CN¥833.0m |
| Free cash flow | — | — | CN¥1.17bn | −CN¥621.0m | CN¥98.0m | −CN¥409.0m | CN¥1.22bn | CN¥683.0m |
| Total assets | CN¥77.71bn | CN¥78.89bn | CN¥76.79bn | CN¥78.31bn | CN¥78.76bn | CN¥77.04bn | CN¥77.02bn | CN¥80.43bn |
| Cash and short-term investments | — | — | CN¥5.84bn | CN¥6.83bn | CN¥7.25bn | CN¥5.54bn | CN¥4.77bn | CN¥6.67bn |
| Debt | CN¥15.30bn | CN¥15.03bn | CN¥35.07bn | CN¥13.40bn | CN¥17.31bn | CN¥16.87bn | CN¥16.22bn | CN¥19.68bn |
| Shareholders' equity | CN¥21.60bn | CN¥21.39bn | CN¥21.52bn | CN¥21.59bn | CN¥21.58bn | CN¥21.70bn | CN¥21.78bn | CN¥22.38bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.6% | 15.5% | 8.3% | 13.1% | 13.9% | 5.7% |
| Operating margin | 4.0% | 1.9% | -5.6% | 2.9% | 7.8% | 0.2% |
| Net margin | -1.0% | -3.2% | -7.7% | 1.5% | 4.4% | 0.2% |
| Return on equity | -1.3% | -4.5% | -12.6% | 3.0% | 10.9% | 0.8% |
| Return on assets | -0.4% | -1.3% | -4.0% | 1.0% | 3.8% | 0.2% |
| Free cash flow yield | 55.2% | 78.7% | 75.3% | 94.8% | 54.5% | 96.6% |
| Revenue growth | -5.7% | -18.8% | -28.2% | -17.9% | -25.3% | 1.3% |
| Earnings growth | -70.4% | -65.9% | -469.1% | -71.8% | 1801.3% | -62.3% |
| Current ratio | 0.45x | 0.40x | 0.50x | 0.70x | 0.75x | 0.65x |
| Debt to equity | 1.63x | 0.74x | 0.61x | 0.52x | 0.56x | 0.93x |
| Equity ratio | 28.0% | 28.3% | 31.3% | 32.1% | 34.6% | 29.0% |
| Interest coverage | 1.03x | 0.54x | -1.77x | 1.19x | 3.59x | 0.16x |
| R&D as a share of sales | 1.9% | 1.3% | 0.7% | 0.9% | 0.1% | 0.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | 0.0% | -19.8% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.1% | -19.5% | 5.6% |
| Operating income | -8.3% | 42.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.0% | 13.4% | 11.3% | 12.0% |
| Operating margin | 2.9% | 0.8% | 2.1% | 3.2% |
| Net margin | -2.2% | -2.3% | -0.2% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -44.4 | -11.4 | -5.5 | 24.8 | 8.9 | 91.5 | 38.0 | 7.3 | 14.1 | 16.6 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0.3 | 0.8 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.12 | 0.01 | 0.016 | 0.17 | 0.15 | 0.09 | 0.02 |
- 3-for-2 split · 20 Sept 2010
- 2-for-1 split · 18 Mar 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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