Y 
5.98
+1.18%
Close of 10 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¥1.45bn
FY2016FY2025
Net income
−CN¥178.0m
FY2016FY2025
Free cash flow
−CN¥101.7m
FY2016FY2025
Shareholders' equity
CN¥762.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.45bn | CN¥1.26bn | CN¥1.54bn | CN¥1.97bn | CN¥1.82bn | CN¥1.72bn | CN¥1.87bn | CN¥1.07bn | CN¥1.62bn | CN¥1.00bn |
| Gross profit | CN¥119.7m | CN¥98.2m | −CN¥73.1m | −CN¥81.4m | CN¥205.8m | CN¥27.7m | CN¥151.0m | −CN¥14.2m | CN¥198.8m | CN¥195.4m |
| Research and development | CN¥2.3m | CN¥1.8m | CN¥2.0m | CN¥4.4m | CN¥4.4m | CN¥4.1m | CN¥4.4m | CN¥2.9m | CN¥2.4m | CN¥2.2m |
| Operating income | −CN¥60.9m | CN¥1.2m | −CN¥175.8m | −CN¥209.9m | CN¥69.8m | −CN¥101.1m | CN¥33.8m | −CN¥233.7m | CN¥79.5m | CN¥114.2m |
| Net income | −CN¥178.0m | −CN¥78.9m | −CN¥209.1m | −CN¥236.5m | CN¥30.6m | −CN¥127.3m | CN¥25.6m | −CN¥257.8m | CN¥55.3m | CN¥82.9m |
| Diluted earnings per share | -0.54 | -0.22 | -0.68 | -0.71 | 0.08 | -0.36 | 0.13 | -0.84 | 0.16 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.22bn | CN¥2.35bn | CN¥2.42bn | CN¥2.49bn | CN¥2.36bn | CN¥2.36bn | CN¥2.23bn | CN¥2.19bn | CN¥2.36bn | CN¥1.89bn |
| Cash and short-term investments | — | CN¥247.9m | CN¥317.5m | CN¥250.0m | CN¥267.4m | CN¥320.7m | CN¥251.2m | CN¥90.2m | CN¥84.0m | CN¥193.6m |
| Total liabilities | CN¥1.46bn | CN¥1.41bn | CN¥1.38bn | CN¥1.22bn | CN¥854.9m | CN¥881.1m | CN¥666.0m | CN¥646.5m | CN¥545.2m | CN¥983.9m |
| Debt | CN¥127.0m | CN¥631.3m | CN¥622.8m | CN¥684.8m | CN¥494.6m | CN¥491.4m | CN¥147.6m | CN¥198.5m | CN¥325.4m | CN¥629.3m |
| Shareholders' equity | CN¥762.0m | CN¥943.9m | CN¥1.03bn | CN¥1.23bn | CN¥1.47bn | CN¥1.44bn | CN¥1.57bn | CN¥1.54bn | CN¥1.80bn | CN¥899.4m |
| Shares outstanding | 327m | 354m | 308m | 332m | 366m | 349m | 199m | 308m | 350m | 240m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥31.9m | CN¥103.4m | CN¥260.2m | −CN¥90.9m | CN¥144.4m | CN¥51.4m | CN¥337.7m | CN¥226.5m | −CN¥11.4m | CN¥184.3m |
| Capital spending | −CN¥69.7m | −CN¥164.7m | −CN¥157.1m | −CN¥109.3m | −CN¥147.6m | −CN¥104.1m | −CN¥76.2m | −CN¥102.4m | −CN¥117.5m | −CN¥119.4m |
| Free cash flow | −CN¥101.7m | −CN¥61.2m | CN¥103.1m | −CN¥200.2m | −CN¥3.2m | −CN¥52.8m | CN¥261.5m | CN¥124.2m | −CN¥128.8m | CN¥64.9m |
| Dividends paid | −CN¥33.3m | −CN¥28.5m | −CN¥26.8m | −CN¥24.0m | −CN¥19.1m | −CN¥19.0m | −CN¥12.3m | −CN¥13.0m | −CN¥15.4m | −CN¥37.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥455.1m | CN¥290.3m | CN¥479.4m | CN¥445.4m | CN¥335.7m | CN¥185.1m | CN¥277.5m | CN¥279.5m |
| Gross profit | CN¥6.5m | CN¥411,832 | −CN¥15.6m | CN¥43.8m | CN¥4.0m | −CN¥15.3m | CN¥7.8m | CN¥48.5m |
| Operating income | −CN¥12.6m | −CN¥13.2m | −CN¥39.6m | −CN¥3.8m | −CN¥40.3m | −CN¥39.1m | −CN¥1.8m | CN¥26.7m |
| Net income | −CN¥26.4m | −CN¥39.5m | −CN¥81.7m | −CN¥4.1m | −CN¥47.2m | −CN¥45.0m | −CN¥8.4m | −CN¥72.8m |
| Diluted earnings per share | -0.08 | -0.12 | -0.25 | -0.01 | -0.14 | -0.14 | -0.02 | -0.21 |
| Cash from operations | — | — | — | CN¥36.0m | CN¥83.0m | −CN¥38.0m | −CN¥98.0m | CN¥64.0m |
| Capital spending | −CN¥2.0m | −CN¥12.0m | −CN¥20.0m | −CN¥11.0m | −CN¥12.0m | −CN¥25.0m | −CN¥67.0m | −CN¥21.0m |
| Free cash flow | — | — | — | CN¥25.0m | CN¥71.0m | −CN¥63.0m | −CN¥165.0m | CN¥43.0m |
| Total assets | CN¥2.34bn | CN¥2.17bn | CN¥2.22bn | CN¥2.25bn | CN¥2.24bn | CN¥2.23bn | CN¥2.35bn | CN¥2.28bn |
| Cash and short-term investments | — | — | — | CN¥122.0m | CN¥109.0m | CN¥155.9m | CN¥247.9m | CN¥227.1m |
| Debt | CN¥64.0m | CN¥8.0m | CN¥127.0m | CN¥568.3m | CN¥489.4m | CN¥618.3m | CN¥629.5m | CN¥605.9m |
| Shareholders' equity | CN¥695.1m | CN¥722.7m | CN¥762.0m | CN¥845.3m | CN¥849.6m | CN¥897.7m | CN¥943.9m | CN¥960.0m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 1.2% | 7.8% | -4.8% | -4.1% | 11.3% | 1.6% |
| Operating margin | -9.5% | -3.3% | -11.1% | -10.6% | 3.6% | -5.7% |
| Net margin | -12.3% | -6.3% | -13.6% | -12.0% | 1.7% | -7.4% |
| Return on equity | -23.4% | -8.4% | -20.3% | -19.1% | 2.1% | -8.8% |
| Return on assets | -8.0% | -3.4% | -8.6% | -9.5% | 1.3% | -5.4% |
| Free cash flow yield | 1.8% | 11.6% | 20.7% | 0.9% | 12.2% | 6.8% |
| Revenue growth | 14.7% | -18.0% | -21.9% | 7.9% | 5.9% | -7.7% |
| Earnings growth | 125.8% | -62.3% | -11.6% | -873.4% | -124.0% | -598.1% |
| Current ratio | 0.31x | 0.43x | 0.46x | 0.67x | 0.93x | 0.92x |
| Debt to equity | 0.17x | 0.67x | 0.60x | 0.55x | 0.33x | 0.28x |
| Equity ratio | 34.4% | 40.1% | 42.7% | 49.5% | 62.2% | 61.0% |
| Interest coverage | -3.88x | -1.37x | -5.34x | -7.85x | 2.62x | -3.88x |
| R&D as a share of sales | 0.2% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% |
| Buybacks as a share of market value | 7.6% | -15.0% | 7.2% | 9.4% | -4.8% | -75.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.8% | -3.4% | 4.4% |
| Operating income | -33.8% | -9.6% | — |
| Net income | -9.0% | 6.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.1% | 1.0% | 3.0% | 6.1% |
| Operating margin | -2.2% | -7.2% | -4.9% | -2.9% |
| Net margin | -9.5% | -11.3% | -8.2% | -5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.5 | -25.3 | -11.0 | -9.4 | 98.0 | -22.3 | 58.0 | -8.0 | 112.2 | 64.2 |
| Price to sales | 1.9 | 1.6 | 1.5 | 1.1 | 1.6 | 1.6 | 0.8 | 1.9 | 3.8 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Apr 2008.
| FY2008 | |
|---|---|
| Paid in the year | 0.194 |
- 9-for-5 split · 30 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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