H 
2.78
+3.35%
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¥1.07bn
FY2016FY2025
Net income
CN¥45.9m
FY2016FY2025
Free cash flow
−CN¥84.2m
FY2016FY2025
Shareholders' equity
CN¥2.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.07bn | CN¥936.7m | CN¥801.4m | CN¥702.7m | CN¥837.7m | CN¥721.7m | CN¥1.18bn | CN¥1.87bn | CN¥2.54bn | CN¥1.35bn |
| Research and development | CN¥73.4m | CN¥53.8m | CN¥44.4m | CN¥54.2m | CN¥25.8m | CN¥26.4m | CN¥57.4m | CN¥69.2m | CN¥99.2m | CN¥86.4m |
| Operating income | −CN¥9.0m | −CN¥387.3m | CN¥161.0m | CN¥642.9m | CN¥150.3m | CN¥249.5m | −CN¥1.77bn | −CN¥207.4m | CN¥213.3m | −CN¥307.4m |
| Net income | CN¥45.9m | −CN¥371.3m | CN¥140.8m | CN¥85.1m | −CN¥727.5m | CN¥160.0m | −CN¥1.65bn | −CN¥635.0m | CN¥52.1m | −CN¥261.2m |
| Diluted earnings per share | 0.02 | -0.19 | 0.07 | 0.06 | -0.61 | 0.13 | -1.39 | -0.53 | 0.80 | -0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.73bn | CN¥3.33bn | CN¥3.73bn | CN¥3.52bn | CN¥4.13bn | CN¥4.44bn | CN¥4.63bn | CN¥7.79bn | CN¥8.60bn | CN¥6.65bn |
| Cash and short-term investments | — | CN¥551.9m | CN¥630.9m | CN¥760.2m | CN¥314.2m | CN¥365.6m | CN¥237.8m | CN¥104.0m | CN¥1.02bn | CN¥399.9m |
| Total liabilities | CN¥1.39bn | CN¥1.25bn | CN¥1.29bn | CN¥1.22bn | CN¥3.19bn | CN¥2.68bn | CN¥2.95bn | CN¥4.38bn | CN¥4.56bn | CN¥1.97bn |
| Debt | — | CN¥44.8m | CN¥134.3m | CN¥117.2m | CN¥201.8m | CN¥170.1m | CN¥148.2m | CN¥137.2m | CN¥891.2m | CN¥418.0m |
| Shareholders' equity | CN¥2.17bn | CN¥1.90bn | CN¥2.27bn | CN¥2.11bn | CN¥735.2m | CN¥1.60bn | CN¥1.55bn | CN¥3.21bn | CN¥3.85bn | CN¥4.46bn |
| Shares outstanding | 2,002m | 1,999m | 2,000m | 1,318m | 1,198m | 1,185m | 1,188m | 1,188m | 65m | 1,202m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥52.8m | −CN¥17.6m | −CN¥68.2m | CN¥25.7m | CN¥74.5m | CN¥71.2m | −CN¥13.8m | −CN¥67.4m | CN¥80.6m | CN¥895.2m |
| Capital spending | −CN¥31.3m | −CN¥13.5m | −CN¥18.4m | −CN¥16.3m | −CN¥34.7m | −CN¥38.2m | −CN¥88.7m | −CN¥101.9m | −CN¥351.2m | −CN¥159.7m |
| Free cash flow | −CN¥84.2m | −CN¥31.1m | −CN¥86.5m | CN¥9.4m | CN¥39.8m | CN¥33.1m | −CN¥102.5m | −CN¥169.3m | −CN¥270.6m | CN¥735.4m |
| Dividends paid | −CN¥2.7m | −CN¥3.1m | −CN¥50.5m | −CN¥4.9m | −CN¥11.7m | −CN¥23.2m | −CN¥130.2m | −CN¥227.4m | −CN¥68.5m | −CN¥94.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥318.7m | CN¥293.2m | CN¥264.1m | CN¥257.7m | CN¥289.3m | CN¥258.7m | CN¥242.6m | CN¥234.7m |
| Operating income | −CN¥9.8m | −CN¥7.0m | −CN¥23.6m | −CN¥21.5m | −CN¥9.4m | CN¥21.9m | −CN¥446.9m | CN¥13.3m |
| Net income | −CN¥84.8m | CN¥13.6m | −CN¥10.3m | CN¥37.2m | −CN¥2.8m | CN¥21.8m | −CN¥440.0m | CN¥11.5m |
| Diluted earnings per share | -0.04 | 0.01 | -0.01 | 0.02 | -0.00 | 0.01 | -0.22 | 0.01 |
| Cash from operations | — | — | — | CN¥8.0m | −CN¥8.0m | −CN¥33.0m | — | CN¥15.0m |
| Capital spending | −CN¥5.0m | −CN¥2.0m | −CN¥6.0m | −CN¥10.0m | −CN¥10.0m | −CN¥3.0m | −CN¥5.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥2.0m | −CN¥18.0m | −CN¥36.0m | — | CN¥13.0m |
| Total assets | CN¥3.82bn | CN¥3.72bn | CN¥3.73bn | CN¥3.76bn | CN¥3.64bn | CN¥3.48bn | CN¥3.33bn | CN¥3.72bn |
| Cash and short-term investments | — | — | — | CN¥724.6m | CN¥652.8m | CN¥680.1m | CN¥551.9m | CN¥517.8m |
| Debt | — | — | — | CN¥115.2m | CN¥75.3m | CN¥40.1m | CN¥35.4m | CN¥41.1m |
| Shareholders' equity | CN¥2.12bn | CN¥2.18bn | CN¥2.17bn | CN¥2.18bn | CN¥2.15bn | CN¥2.11bn | CN¥1.90bn | CN¥2.34bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.5% | -5.4% | -5.7% | -12.7% | 10.8% | 8.9% | — |
| Net margin | 4.3% | -39.6% | 17.6% | 12.1% | -86.8% | 22.2% | — |
| Return on equity | 2.1% | -19.5% | 6.2% | 4.0% | -99.0% | 10.0% | — |
| Return on assets | 1.2% | -11.2% | 3.8% | 2.4% | -17.6% | 3.6% | — |
| Free cash flow yield | -0.4% | -0.1% | -0.9% | 1.1% | 3.3% | 3.3% | — |
| Revenue growth | 14.6% | 16.9% | 14.0% | -16.1% | 16.1% | -38.8% | — |
| Earnings growth | -112.4% | -363.7% | 65.4% | -111.7% | -554.8% | -109.7% | — |
| Current ratio | 1.47x | 1.38x | 1.46x | 1.51x | 0.49x | 1.58x | — |
| Debt to equity | — | 0.02x | 0.05x | 0.05x | 0.15x | 0.09x | 0.09x |
| Equity ratio | 58.1% | 57.2% | 60.7% | 59.9% | 17.8% | 36.0% | — |
| Interest coverage | 9.73x | -14.39x | -7.06x | -2.86x | 2.52x | 0.66x | — |
| R&D as a share of sales | 6.8% | 5.7% | 5.5% | 7.7% | 3.1% | 3.7% | — |
| Buybacks as a share of market value | -0.1% | 0.1% | -51.7% | -10.0% | -1.1% | 0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.2% | 8.3% | -6.5% |
| Operating income | — | — | -28.0% |
| Net income | -18.6% | -22.1% | -0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.7% | 11.6% | 15.9% | -10.6% |
| Net margin | -16.2% | -2.8% | -13.1% | -22.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 130.8 | -18.3 | 59.2 | 48.3 | -4.7 | 15.9 | -1.4 | -3.1 | 10.6 | -58.4 |
| Price to sales | 5.6 | 7.3 | 10.4 | 5.8 | 4.1 | 3.5 | 2.0 | 1.1 | 0.2 | 11.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 May 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.02 | 0.01 | 0.10 | 0.10 | 0.10 | 0.025 | 0.05 |
- 1-to-1 reverse split · 22 Dec 2022
- 2-for-1 split · 26 Apr 2010
- 2-for-1 split · 2 Apr 2009
- 2-for-1 split · 9 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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