Z 
6.01
+4.34%
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¥1.86bn
FY2016FY2025
Net income
−CN¥91.1m
FY2016FY2025
Free cash flow
−CN¥134.1m
FY2016FY2025
Shareholders' equity
CN¥5.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.86bn | CN¥1.94bn | CN¥2.17bn | CN¥2.70bn | CN¥2.48bn | CN¥2.47bn | CN¥2.94bn | CN¥2.72bn | CN¥2.31bn | CN¥2.43bn |
| Research and development | CN¥116.9m | CN¥132.6m | CN¥115.6m | CN¥144.9m | CN¥164.6m | CN¥132.0m | CN¥122.5m | CN¥111.3m | CN¥114.0m | CN¥111.4m |
| Operating income | −CN¥11.3m | −CN¥336.1m | −CN¥464.2m | CN¥109.4m | CN¥122.0m | CN¥395.3m | CN¥918.8m | CN¥710.9m | CN¥419.8m | CN¥374.5m |
| Net income | −CN¥91.1m | −CN¥330.3m | −CN¥420.1m | CN¥88.0m | CN¥95.2m | CN¥319.7m | CN¥770.8m | CN¥605.0m | CN¥342.2m | CN¥225.0m |
| Diluted earnings per share | -0.10 | -0.26 | -0.32 | 0.05 | 0.05 | 0.20 | 0.52 | 0.38 | 0.25 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.33bn | CN¥7.46bn | CN¥7.52bn | CN¥8.39bn | CN¥8.02bn | CN¥7.18bn | CN¥6.75bn | CN¥7.04bn | CN¥7.47bn | CN¥6.91bn |
| Cash and short-term investments | — | CN¥1.56bn | CN¥1.42bn | CN¥1.49bn | CN¥1.84bn | CN¥1.97bn | CN¥1.56bn | CN¥1.96bn | CN¥2.98bn | CN¥2.82bn |
| Total liabilities | CN¥2.30bn | CN¥2.32bn | CN¥1.92bn | CN¥2.29bn | CN¥1.91bn | CN¥1.33bn | CN¥1.02bn | CN¥1.64bn | CN¥2.32bn | CN¥2.14bn |
| Debt | — | CN¥1.23bn | CN¥1.04bn | CN¥1.00bn | CN¥592.2m | CN¥430.4m | CN¥200.3m | CN¥643.1m | CN¥1.34bn | CN¥952.0m |
| Shareholders' equity | CN¥5.04bn | CN¥5.14bn | CN¥5.61bn | CN¥6.11bn | CN¥6.12bn | CN¥5.85bn | CN¥5.72bn | CN¥5.39bn | CN¥5.14bn | CN¥4.77bn |
| Shares outstanding | 923m | 1,248m | 1,314m | 1,619m | 1,740m | 1,606m | 1,495m | 1,594m | 1,393m | 1,447m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥59.7m | CN¥174.8m | CN¥240.5m | CN¥116.1m | CN¥102.4m | CN¥533.9m | CN¥612.4m | CN¥791.4m | CN¥102.7m | CN¥629.4m |
| Capital spending | −CN¥74.5m | −CN¥122.1m | −CN¥153.1m | −CN¥179.4m | −CN¥229.6m | −CN¥74.2m | −CN¥160.6m | −CN¥255.8m | −CN¥149.0m | −CN¥124.3m |
| Free cash flow | −CN¥134.1m | CN¥52.7m | CN¥87.5m | −CN¥63.3m | −CN¥127.2m | CN¥459.7m | CN¥451.8m | CN¥535.7m | −CN¥46.3m | CN¥505.1m |
| Dividends paid | −CN¥26.3m | −CN¥28.1m | −CN¥118.9m | −CN¥161.9m | −CN¥32.4m | −CN¥466.7m | −CN¥466.7m | −CN¥204.6m | −CN¥104.2m | −CN¥199.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥536.3m | CN¥486.5m | CN¥494.1m | CN¥441.4m | CN¥438.7m | CN¥486.4m | CN¥494.0m | CN¥405.6m |
| Operating income | −CN¥28.7m | CN¥17.0m | −CN¥46.8m | −CN¥7.9m | CN¥8.8m | CN¥16.0m | −CN¥193.7m | −CN¥33.5m |
| Net income | −CN¥90.5m | CN¥26.4m | −CN¥98.4m | −CN¥6.8m | CN¥4.9m | CN¥9.2m | −CN¥342.2m | −CN¥26.1m |
| Diluted earnings per share | -0.10 | 0.03 | -0.11 | -0.01 | 0.01 | 0.01 | -0.27 | -0.02 |
| Cash from operations | — | — | — | CN¥15.0m | CN¥26.0m | −CN¥17.0m | — | −CN¥7.0m |
| Capital spending | −CN¥13.0m | −CN¥25.0m | −CN¥12.0m | −CN¥16.0m | −CN¥10.0m | −CN¥34.0m | −CN¥36.0m | −CN¥47.0m |
| Free cash flow | — | — | — | −CN¥1.0m | CN¥16.0m | −CN¥51.0m | — | −CN¥54.0m |
| Total assets | CN¥7.14bn | CN¥7.05bn | CN¥7.33bn | CN¥7.28bn | CN¥7.67bn | CN¥7.59bn | CN¥7.46bn | CN¥7.61bn |
| Cash and short-term investments | — | — | — | CN¥1.47bn | CN¥1.81bn | CN¥1.76bn | CN¥1.56bn | CN¥1.48bn |
| Debt | — | — | — | CN¥1.49bn | CN¥1.59bn | CN¥1.52bn | CN¥1.22bn | CN¥1.09bn |
| Shareholders' equity | CN¥4.79bn | CN¥4.94bn | CN¥5.04bn | CN¥5.12bn | CN¥5.15bn | CN¥5.15bn | CN¥5.14bn | CN¥5.47bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -0.6% | -17.3% | -21.4% | 4.0% | 4.9% | 16.0% | — |
| Net margin | -4.9% | -17.0% | -19.3% | 3.3% | 3.8% | 12.9% | — |
| Return on equity | -1.8% | -6.4% | -7.5% | 1.4% | 1.6% | 5.5% | — |
| Return on assets | -1.2% | -4.4% | -5.6% | 1.0% | 1.2% | 4.5% | — |
| Free cash flow yield | 0.3% | 3.9% | 4.9% | 3.0% | 3.1% | 6.2% | — |
| Revenue growth | -4.0% | -10.7% | -19.7% | 8.8% | 0.5% | -16.0% | — |
| Earnings growth | -72.4% | -21.4% | -577.3% | -7.6% | -70.2% | -58.5% | — |
| Current ratio | 1.28x | 1.30x | 1.45x | 1.65x | 1.98x | 2.74x | — |
| Debt to equity | — | 0.24x | 0.18x | 0.16x | 0.09x | 0.07x | 0.03x |
| Equity ratio | 68.7% | 68.9% | 74.6% | 72.8% | 76.2% | 81.5% | — |
| Interest coverage | -0.41x | -10.91x | -11.72x | 2.81x | 5.32x | 32.23x | — |
| R&D as a share of sales | 6.3% | 6.8% | 5.3% | 5.4% | 6.6% | 5.3% | — |
| Buybacks as a share of market value | 26.0% | 5.0% | 18.8% | 7.0% | -8.4% | -7.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.7% | -5.5% | -2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.1% | -8.1% | -1.4% | 10.8% |
| Net margin | -11.1% | -8.7% | -2.5% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -63.2 | -19.5 | -22.5 | 128.9 | 150.6 | 42.7 | 13.8 | 11.9 | 23.5 | 54.5 |
| Price to sales | 3.1 | 3.3 | 4.3 | 4.2 | 5.8 | 5.5 | 3.6 | 2.6 | 3.5 | 5.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.10 | 0.02 | 0.30 | 0.30 | 0.10 | 0.03 | 0.10 |
- 2-for-1 split · 1 Mar 2016
- 2-for-1 split · 22 May 2012
- 3-for-2 split · 29 May 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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