H 
2.40
+3.00%
Close of 9 Nov 2026, in CNY
Search any instrument
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.
Net income
CN¥248.5m
FY2016FY2025
Free cash flow
−CN¥447.9m
FY2016FY2025
Shareholders' equity
CN¥3.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥134.5m | CN¥210.4m | CN¥278.8m | CN¥360.7m | CN¥441.1m | CN¥471.3m | CN¥893.3m | CN¥736.1m | CN¥635.0m | CN¥282.4m |
| Research and development | CN¥62.0m | CN¥78.9m | CN¥86.5m | CN¥78.8m | CN¥63.9m | CN¥73.8m | CN¥109.9m | CN¥88.1m | CN¥56.2m | CN¥19.6m |
| Operating income | — | CN¥3.0m | CN¥88.7m | CN¥513.7m | CN¥139.0m | CN¥250.8m | CN¥472.9m | −CN¥1.17bn | CN¥377.4m | CN¥192.8m |
| Net income | CN¥248.5m | −CN¥588.0m | CN¥258.7m | CN¥444.5m | CN¥101.1m | CN¥125.5m | CN¥689.2m | −CN¥2.71bn | CN¥282.6m | CN¥245.4m |
| Diluted earnings per share | 0.10 | -0.22 | 0.10 | 0.17 | 0.04 | 0.05 | 0.26 | -1.03 | 0.11 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.66bn | CN¥8.26bn | CN¥9.15bn | CN¥9.15bn | CN¥9.36bn | CN¥9.17bn | CN¥8.20bn | CN¥7.67bn | CN¥8.21bn | CN¥7.12bn |
| Cash and short-term investments | — | CN¥1.92bn | CN¥2.12bn | CN¥1.00bn | CN¥304.3m | CN¥307.5m | CN¥506.7m | CN¥485.2m | CN¥641.9m | CN¥757.8m |
| Total liabilities | CN¥3.39bn | CN¥4.55bn | CN¥4.87bn | CN¥5.13bn | CN¥5.81bn | CN¥5.74bn | CN¥4.88bn | CN¥5.23bn | CN¥2.87bn | CN¥2.53bn |
| Debt | CN¥189.4m | CN¥1.02bn | CN¥1.20bn | CN¥1.65bn | CN¥1.10bn | CN¥898.1m | CN¥624.8m | CN¥1.01bn | CN¥1.09bn | CN¥1.23bn |
| Shareholders' equity | CN¥3.08bn | CN¥3.50bn | CN¥4.09bn | CN¥3.86bn | CN¥3.42bn | CN¥3.32bn | CN¥3.18bn | CN¥2.46bn | CN¥5.31bn | CN¥4.55bn |
| Shares outstanding | 2,441m | 2,633m | 2,633m | 2,633m | 2,631m | 2,633m | 2,634m | 2,636m | 2,615m | 2,190m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥315.3m | CN¥92.0m | CN¥812.6m | −CN¥738.5m | CN¥240.2m | CN¥1.10bn | CN¥932.0m | CN¥179.0m | CN¥332.8m | CN¥15.7m |
| Capital spending | −CN¥132.6m | −CN¥94.5m | −CN¥30.1m | −CN¥156.0m | −CN¥211.9m | −CN¥288.0m | −CN¥188.5m | −CN¥150.4m | −CN¥380.3m | −CN¥338.4m |
| Free cash flow | −CN¥447.9m | −CN¥2.5m | CN¥782.5m | −CN¥894.5m | CN¥28.3m | CN¥808.4m | CN¥743.5m | CN¥28.6m | −CN¥47.5m | −CN¥322.7m |
| Dividends paid | −CN¥28.2m | −CN¥39.9m | −CN¥60.1m | −CN¥55.6m | −CN¥41.0m | −CN¥33.9m | −CN¥44.0m | −CN¥167.4m | −CN¥66.1m | −CN¥71.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥64.2m | CN¥76.6m | CN¥24.9m | CN¥7.5m | CN¥7.4m | CN¥71.3m | CN¥6.4m | CN¥74.1m |
| Operating income | CN¥17.1m | CN¥49.7m | −CN¥13.2m | −CN¥22.1m | CN¥120.1m | CN¥219.5m | −CN¥754.8m | CN¥66.7m |
| Net income | CN¥70.1m | CN¥23.7m | −CN¥224.6m | CN¥113.6m | CN¥123.3m | CN¥215.9m | −CN¥708.3m | CN¥63.4m |
| Diluted earnings per share | 0.03 | 0.01 | -0.09 | 0.05 | 0.05 | 0.09 | -0.27 | 0.02 |
| Cash from operations | — | — | — | −CN¥136.0m | CN¥47.0m | CN¥177.0m | CN¥2.0m | −CN¥110.0m |
| Capital spending | −CN¥62.0m | −CN¥15.0m | −CN¥65.0m | −CN¥33.0m | −CN¥12.0m | −CN¥21.0m | −CN¥32.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥169.0m | CN¥35.0m | CN¥156.0m | −CN¥30.0m | −CN¥115.0m |
| Total assets | CN¥6.26bn | CN¥6.70bn | CN¥6.66bn | CN¥6.79bn | CN¥6.93bn | CN¥7.73bn | CN¥8.26bn | CN¥8.53bn |
| Cash and short-term investments | — | — | — | CN¥931.6m | CN¥1.05bn | CN¥1.89bn | CN¥1.92bn | CN¥1.58bn |
| Debt | CN¥169.1m | CN¥189.6m | CN¥189.4m | CN¥2.18bn | CN¥1.25bn | CN¥1.09bn | CN¥1.02bn | CN¥813.1m |
| Shareholders' equity | CN¥3.02bn | CN¥3.10bn | CN¥3.08bn | CN¥3.31bn | CN¥3.34bn | CN¥3.39bn | CN¥3.50bn | CN¥4.21bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 1.9% | 1.7% | 2.5% | 2.9% | 3.3% | 3.7% |
| Operating margin | 4.0% | 0.0% | 0.8% | 1.3% | 1.7% | 1.7% |
| Net margin | 3.4% | -4.8% | 2.3% | 3.6% | 0.7% | 1.0% |
| Return on equity | 8.1% | -16.8% | 6.3% | 11.5% | 3.0% | 3.8% |
| Return on assets | 3.7% | -7.1% | 2.8% | 4.9% | 1.1% | 1.4% |
| Free cash flow yield | -2.9% | 2.8% | 12.6% | -8.7% | 6.7% | 20.6% |
| Revenue growth | -40.8% | 10.3% | -9.2% | -9.4% | 5.4% | -19.4% |
| Earnings growth | -142.3% | -327.3% | -41.8% | 339.7% | -19.5% | -81.8% |
| Current ratio | 1.07x | 1.15x | 1.13x | 1.15x | 0.81x | 0.56x |
| Debt to equity | 0.06x | 0.29x | 0.29x | 0.42x | 0.45x | 0.23x |
| Equity ratio | 46.2% | 42.4% | 44.7% | 42.2% | 36.5% | 36.2% |
| Interest coverage | 9.02x | 0.06x | 1.18x | 1.98x | 4.03x | 5.72x |
| R&D as a share of sales | 0.9% | 0.6% | 0.8% | 0.6% | 0.5% | 0.6% |
| Buybacks as a share of market value | 7.3% | 0.0% | 0.0% | -0.0% | 0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.0% | -10.8% | 18.6% |
| Net income | -17.6% | 14.6% | 2.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.8% | 2.3% | 2.7% | 4.3% |
| Net margin | -1.7% | 0.8% | 0.9% | -0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.7 | -11.7 | 27.6 | 18.5 | 102.6 | 35.3 | 8.4 | -1.7 | 39.8 | 45.6 |
| Price to sales | 1.1 | 0.6 | 0.6 | 0.7 | 0.8 | 0.3 | 0.4 | 0.3 | 1.1 | 12.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2018.
| FY2018 | FY2009 | FY2007 | |
|---|---|---|---|
| Paid in the year | 0.05 | 0.008 | 0.011 |
- 3-for-1 split · 12 Oct 2016
- 2-for-1 split · 31 May 2011
- 3-for-2 split · 7 Jul 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.