H 
5.06
-1.17%
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¥1.19bn
FY2016FY2025
Net income
−CN¥64.1m
FY2016FY2025
Free cash flow
−CN¥22.0m
FY2016FY2025
Shareholders' equity
CN¥804.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.19bn | CN¥1.19bn | CN¥963.9m | CN¥1.82bn | CN¥2.63bn | CN¥1.87bn | CN¥1.97bn | CN¥1.50bn | CN¥1.75bn | CN¥1.38bn |
| Gross profit | CN¥148.9m | CN¥175.6m | CN¥174.8m | CN¥418.1m | CN¥589.3m | CN¥402.9m | CN¥330.5m | CN¥202.6m | CN¥272.0m | CN¥218.2m |
| Research and development | CN¥41.9m | CN¥42.2m | CN¥45.6m | CN¥56.6m | CN¥78.0m | CN¥49.9m | CN¥48.3m | CN¥19.8m | CN¥13.0m | CN¥47.1m |
| Operating income | — | −CN¥23.3m | CN¥32.2m | CN¥248.2m | CN¥356.5m | CN¥210.3m | CN¥45.9m | −CN¥9.4m | CN¥76.9m | CN¥9.9m |
| Net income | −CN¥64.1m | −CN¥18.9m | CN¥21.7m | CN¥189.2m | CN¥272.5m | CN¥165.2m | CN¥41.9m | CN¥10.9m | CN¥45.8m | CN¥28.6m |
| Diluted earnings per share | -0.17 | -0.09 | 0.06 | 0.52 | 0.75 | 0.46 | 0.12 | 0.03 | 0.12 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.66bn | CN¥1.72bn | CN¥1.70bn | CN¥1.92bn | CN¥2.28bn | CN¥1.83bn | CN¥1.64bn | CN¥1.66bn | CN¥1.45bn | CN¥1.39bn |
| Cash and short-term investments | — | CN¥383.6m | CN¥500.3m | CN¥505.7m | CN¥477.2m | CN¥387.0m | CN¥289.1m | CN¥201.1m | CN¥160.3m | CN¥213.8m |
| Total liabilities | CN¥792.0m | CN¥775.2m | CN¥711.9m | CN¥843.8m | CN¥1.34bn | CN¥1.12bn | CN¥1.05bn | CN¥1.09bn | CN¥882.1m | CN¥861.2m |
| Debt | CN¥96.7m | CN¥349.8m | CN¥295.2m | CN¥468.1m | CN¥595.0m | CN¥489.9m | CN¥522.0m | CN¥610.7m | CN¥506.9m | CN¥500.0m |
| Shareholders' equity | CN¥804.5m | CN¥875.0m | CN¥908.0m | CN¥962.7m | CN¥852.9m | CN¥654.1m | CN¥548.5m | CN¥509.3m | CN¥527.9m | CN¥483.4m |
| Shares outstanding | 370m | 200m | 358m | 365m | 364m | 363m | 365m | 343m | 368m | 369m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥57.4m | CN¥70.0m | CN¥275.1m | CN¥369.3m | CN¥225.9m | CN¥245.7m | CN¥268.8m | CN¥107.6m | CN¥50.7m | CN¥102.5m |
| Capital spending | −CN¥79.4m | −CN¥100.8m | −CN¥120.1m | −CN¥79.9m | −CN¥126.7m | −CN¥47.9m | −CN¥50.3m | −CN¥59.6m | −CN¥77.6m | −CN¥55.3m |
| Free cash flow | −CN¥22.0m | −CN¥30.8m | CN¥155.0m | CN¥289.4m | CN¥99.2m | CN¥197.8m | CN¥218.5m | CN¥48.0m | −CN¥26.9m | CN¥47.3m |
| Dividends paid | −CN¥16.6m | −CN¥25.6m | −CN¥54.1m | −CN¥91.1m | −CN¥72.9m | −CN¥36.6m | −CN¥32.7m | −CN¥53.1m | −CN¥27.2m | −CN¥25.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥357.5m | CN¥359.6m | CN¥323.8m | CN¥282.3m | CN¥275.7m | CN¥305.9m | CN¥373.1m | CN¥285.4m |
| Gross profit | CN¥45.8m | CN¥47.2m | CN¥44.1m | CN¥34.2m | CN¥31.8m | CN¥38.8m | CN¥44.3m | CN¥42.2m |
| Operating income | CN¥1.1m | CN¥8.1m | CN¥1.1m | −CN¥15.9m | −CN¥5.7m | −CN¥1.2m | −CN¥20.5m | −CN¥6.1m |
| Net income | CN¥10.0m | −CN¥1.9m | −CN¥34.0m | −CN¥14.4m | −CN¥13.6m | −CN¥2.1m | −CN¥19.8m | −CN¥5.7m |
| Diluted earnings per share | 0.03 | -0.01 | -0.09 | -0.04 | -0.04 | -0.01 | -0.10 | -0.03 |
| Cash from operations | — | — | — | CN¥46.0m | CN¥12.0m | — | CN¥21.0m | CN¥36.0m |
| Capital spending | −CN¥17.0m | −CN¥13.0m | −CN¥20.0m | −CN¥15.0m | −CN¥25.0m | −CN¥17.0m | −CN¥30.0m | −CN¥37.0m |
| Free cash flow | — | — | — | CN¥31.0m | −CN¥13.0m | — | −CN¥9.0m | −CN¥1.0m |
| Total assets | CN¥1.63bn | CN¥1.64bn | CN¥1.66bn | CN¥1.61bn | CN¥1.64bn | CN¥1.69bn | CN¥1.72bn | CN¥1.75bn |
| Cash and short-term investments | — | — | — | CN¥380.5m | CN¥402.3m | CN¥426.7m | CN¥383.6m | CN¥442.7m |
| Debt | CN¥70.5m | CN¥92.1m | CN¥96.7m | CN¥260.9m | CN¥392.2m | CN¥411.0m | CN¥340.0m | CN¥367.9m |
| Shareholders' equity | CN¥808.2m | CN¥798.7m | CN¥804.5m | CN¥842.0m | CN¥856.2m | CN¥873.2m | CN¥875.0m | CN¥900.0m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.5% | 14.7% | 18.1% | 22.9% | 22.4% | 21.6% |
| Operating margin | -4.0% | -0.6% | 3.3% | 14.6% | 14.1% | 12.1% |
| Net margin | -5.4% | -1.6% | 2.3% | 10.4% | 10.3% | 8.8% |
| Return on equity | -8.0% | -2.2% | 2.4% | 19.7% | 32.0% | 25.3% |
| Return on assets | -3.9% | -1.1% | 1.3% | 9.9% | 11.9% | 9.0% |
| Free cash flow yield | 6.8% | 15.8% | 20.4% | 22.8% | 18.0% | 15.0% |
| Revenue growth | -0.3% | 23.6% | -47.2% | -30.7% | 41.1% | -5.0% |
| Earnings growth | 238.6% | -187.2% | -88.5% | -30.6% | 65.0% | 293.9% |
| Current ratio | 1.51x | 1.58x | 1.70x | 1.72x | 1.37x | 1.26x |
| Debt to equity | 0.12x | 0.39x | 0.31x | 0.46x | 0.65x | 0.70x |
| Equity ratio | 48.4% | 50.7% | 53.5% | 50.2% | 37.4% | 35.6% |
| Interest coverage | -2.34x | -0.43x | 1.77x | 9.81x | 13.44x | 8.68x |
| R&D as a share of sales | 3.5% | 3.5% | 4.7% | 3.1% | 3.0% | 2.7% |
| Buybacks as a share of market value | -85.1% | 44.2% | 1.9% | -0.5% | -0.2% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.3% | -8.7% | -1.3% |
| Net income | — | — | 1.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.6% | 17.8% | 19.7% | 17.7% |
| Net margin | -3.5% | 2.5% | 5.8% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -42.3 | -52.7 | 107.0 | 13.8 | 13.3 | 16.0 | 51.3 | 125.1 | 52.5 | 186.3 |
| Price to sales | 2.3 | 0.8 | 2.4 | 1.4 | 1.4 | 1.4 | 1.1 | 0.9 | 1.4 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.10 | 0.25 | 0.20 | 0.10 | 0.06 | 0.045 | 0.015 |
- 11-for-10 split · 10 Jun 2015
- 5-for-4 split · 12 Jun 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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