N 
2.96
-1.00%
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¥2.60bn
FY2016FY2025
Net income
−CN¥281.5m
FY2016FY2025
Free cash flow
CN¥12.3m
FY2016FY2025
Shareholders' equity
CN¥3.86bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.60bn | CN¥3.36bn | CN¥2.69bn | CN¥3.31bn | CN¥3.89bn | CN¥4.17bn | CN¥3.91bn | CN¥3.35bn | CN¥985.8m | CN¥521.0m |
| Research and development | CN¥10.0m | CN¥15.1m | CN¥21.4m | CN¥27.0m | CN¥36.0m | CN¥45.3m | CN¥43.3m | CN¥37.8m | CN¥29.5m | CN¥17.5m |
| Operating income | CN¥64.0m | −CN¥268.1m | CN¥127.5m | −CN¥300.6m | CN¥523.5m | CN¥1.23bn | CN¥1.25bn | CN¥941.8m | CN¥600.4m | CN¥343.3m |
| Net income | −CN¥281.5m | −CN¥236.6m | CN¥111.6m | −CN¥297.6m | CN¥477.1m | CN¥1.19bn | CN¥1.21bn | CN¥886.5m | CN¥534.3m | CN¥301.1m |
| Diluted earnings per share | -0.12 | -0.11 | 0.05 | -0.13 | 0.20 | 0.49 | 0.46 | 0.38 | 0.34 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.49bn | CN¥5.09bn | CN¥5.41bn | CN¥5.06bn | CN¥5.52bn | CN¥6.51bn | CN¥5.48bn | CN¥4.55bn | CN¥3.82bn | CN¥2.05bn |
| Cash and short-term investments | — | CN¥2.70bn | CN¥3.00bn | CN¥2.48bn | CN¥2.42bn | CN¥3.47bn | CN¥2.77bn | CN¥1.19bn | CN¥1.46bn | CN¥473.6m |
| Total liabilities | CN¥630.2m | CN¥880.5m | CN¥822.0m | CN¥668.4m | CN¥660.8m | CN¥724.4m | CN¥626.1m | CN¥785.0m | CN¥770.5m | CN¥482.5m |
| Debt | — | CN¥16.9m | CN¥26.7m | CN¥51.6m | CN¥69.8m | CN¥50.1m | CN¥100.1m | CN¥70.4m | CN¥246.9m | — |
| Shareholders' equity | CN¥3.86bn | CN¥4.21bn | CN¥4.58bn | CN¥4.39bn | CN¥4.86bn | CN¥5.78bn | CN¥4.86bn | CN¥3.74bn | CN¥3.02bn | CN¥1.53bn |
| Shares outstanding | 2,353m | 2,228m | 2,339m | 2,361m | 2,346m | 2,440m | 2,621m | 2,358m | 1,559m | 1,823m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥19.7m | −CN¥176.5m | CN¥400.3m | CN¥575.3m | CN¥380.3m | CN¥956.4m | CN¥1.25bn | CN¥551.4m | CN¥537.8m | CN¥457.4m |
| Capital spending | −CN¥7.4m | −CN¥3.0m | −CN¥12.5m | −CN¥321.3m | −CN¥2.9m | −CN¥5.8m | −CN¥14.8m | −CN¥770,264 | −CN¥2.5m | −CN¥2.3m |
| Free cash flow | CN¥12.3m | −CN¥179.5m | CN¥387.8m | CN¥254.1m | CN¥377.4m | CN¥950.7m | CN¥1.24bn | CN¥550.6m | CN¥535.3m | CN¥455.1m |
| Dividends paid | −CN¥96.2m | −CN¥189.6m | −CN¥1.3m | −CN¥186.9m | −CN¥392.0m | −CN¥302.3m | −CN¥6.7m | −CN¥112.1m | −CN¥5.2m | −CN¥5.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥504.2m | CN¥500.9m | CN¥609.0m | CN¥637.1m | CN¥624.3m | CN¥729.1m | CN¥951.9m | CN¥849.7m |
| Operating income | CN¥27.7m | CN¥29.7m | CN¥52.8m | CN¥29.9m | CN¥33.3m | −CN¥10.8m | −CN¥326.6m | −CN¥26.7m |
| Net income | CN¥19.0m | CN¥32.6m | −CN¥324.3m | CN¥29.2m | CN¥27.2m | −CN¥13.6m | −CN¥290.8m | −CN¥23.7m |
| Diluted earnings per share | 0.01 | 0.01 | -0.14 | 0.01 | 0.01 | -0.01 | -0.13 | -0.01 |
| Cash from operations | — | — | — | CN¥119.0m | −CN¥88.0m | −CN¥449.0m | — | −CN¥67.0m |
| Capital spending | −CN¥1.0m | −CN¥1.0m | −CN¥4.0m | −CN¥1.0m | — | — | −CN¥1.0m | — |
| Free cash flow | — | — | — | CN¥118.0m | — | — | — | — |
| Total assets | CN¥4.30bn | CN¥4.45bn | CN¥4.49bn | CN¥4.84bn | CN¥4.83bn | CN¥4.97bn | CN¥5.09bn | CN¥5.23bn |
| Cash and short-term investments | — | — | — | CN¥2.20bn | CN¥2.07bn | CN¥2.26bn | CN¥2.70bn | CN¥2.38bn |
| Debt | — | — | — | CN¥12.3m | CN¥157.6m | CN¥7.4m | — | — |
| Shareholders' equity | CN¥3.77bn | CN¥3.89bn | CN¥3.86bn | CN¥4.17bn | CN¥4.14bn | CN¥4.22bn | CN¥4.21bn | CN¥4.48bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -9.5% | -7.5% | 5.0% | -7.5% | 14.0% | 30.1% | — | — | — | — | — |
| Net margin | -10.8% | -7.0% | 4.1% | -9.0% | 12.3% | 28.5% | — | — | — | — | — |
| Return on equity | -7.3% | -5.6% | 2.4% | -6.8% | 9.8% | 20.5% | — | — | — | — | — |
| Return on assets | -6.3% | -4.6% | 2.1% | -5.9% | 8.6% | 18.3% | — | — | — | — | — |
| Free cash flow yield | 0.4% | -2.5% | 5.8% | 12.4% | 5.3% | 12.9% | — | — | — | — | — |
| Revenue growth | -22.6% | 24.7% | -18.7% | -14.9% | -6.8% | 6.8% | — | — | — | — | — |
| Earnings growth | 19.0% | -312.0% | -137.5% | -162.4% | -59.8% | -1.5% | — | — | — | — | — |
| Current ratio | 5.68x | 4.28x | 5.00x | 5.70x | 6.46x | 6.93x | — | — | — | — | — |
| Debt to equity | — | — | — | — | — | 0.01x | 0.02x | 0.02x | 0.08x | 0.45x | 2.99x |
| Equity ratio | 86.1% | 82.8% | 84.7% | 86.7% | 88.0% | 88.9% | — | — | — | — | — |
| Interest coverage | -116.08x | -93.74x | 39.30x | -54.28x | 96.00x | 204.19x | — | — | — | — | — |
| R&D as a share of sales | 0.4% | 0.4% | 0.8% | 0.8% | 0.9% | 1.1% | — | — | — | — | — |
| Buybacks as a share of market value | -5.6% | 4.7% | 1.0% | -0.6% | 3.8% | 6.9% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.7% | -9.0% | 20.9% |
| Operating income | — | -44.6% | -10.7% |
| Net income | -1.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.4% | -3.2% | 6.9% | 16.1% |
| Net margin | -8.7% | -5.9% | 4.8% | 13.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.2 | -41.4 | 81.5 | -38.2 | 33.9 | 28.1 | 23.7 | 20.0 | 23.7 | 46.3 |
| Price to sales | 3.0 | 2.9 | 3.4 | 3.4 | 4.2 | 8.0 | 7.3 | 5.3 | 12.8 | 26.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 8 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2018 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.04 | 0.08 | 0.08 | 0.167 | 0.124 | 0.041 | 0.007 |
- 3-for-2 split · 25 May 2018
- 2-for-1 split · 20 May 2016
- 6-for-5 split · 10 Aug 2011
- 8-for-5 split · 5 May 2010
- 6-for-5 split · 22 Jun 2009
- 7-for-5 split · 19 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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