C 
2.43
-2.02%
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¥4.08bn
FY2016FY2025
Net income
CN¥38.3m
FY2016FY2025
Free cash flow
CN¥530.8m
FY2016FY2025
Shareholders' equity
CN¥2.89bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.08bn | CN¥4.65bn | CN¥9.23bn | CN¥6.03bn | CN¥7.37bn | CN¥5.24bn | CN¥3.84bn | CN¥3.17bn | CN¥3.47bn | CN¥4.20bn |
| Gross profit | CN¥492.2m | CN¥174.4m | CN¥632.2m | CN¥418.6m | CN¥711.8m | CN¥800.0m | CN¥1.13bn | CN¥1.26bn | CN¥759.0m | CN¥1.08bn |
| Operating income | CN¥144.0m | −CN¥1.05bn | CN¥249.5m | CN¥302.2m | CN¥460.6m | CN¥421.3m | CN¥604.6m | CN¥838.9m | CN¥397.6m | CN¥602.3m |
| Net income | CN¥38.3m | −CN¥1.01bn | CN¥38.0m | CN¥113.0m | CN¥326.3m | CN¥294.7m | CN¥421.6m | CN¥336.1m | CN¥190.0m | CN¥151.4m |
| Diluted earnings per share | 0.05 | -1.30 | 0.06 | 0.15 | 0.39 | 0.38 | 0.56 | 0.41 | 0.25 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.95bn | CN¥10.00bn | CN¥14.06bn | CN¥20.06bn | CN¥19.78bn | CN¥15.65bn | CN¥13.08bn | CN¥11.56bn | CN¥8.20bn | CN¥8.18bn |
| Cash and short-term investments | — | CN¥1.51bn | CN¥2.21bn | CN¥2.10bn | CN¥2.11bn | CN¥1.48bn | CN¥1.55bn | CN¥1.38bn | CN¥670.1m | CN¥1.28bn |
| Total liabilities | CN¥3.93bn | CN¥6.87bn | CN¥9.42bn | CN¥15.53bn | CN¥15.04bn | CN¥11.48bn | CN¥9.28bn | CN¥8.01bn | CN¥4.87bn | CN¥5.00bn |
| Debt | CN¥1.11bn | CN¥1.60bn | CN¥1.72bn | CN¥3.70bn | CN¥3.69bn | CN¥2.69bn | CN¥2.54bn | CN¥2.92bn | CN¥1.07bn | CN¥965.0m |
| Shareholders' equity | CN¥2.89bn | CN¥2.91bn | CN¥3.96bn | CN¥3.98bn | CN¥3.90bn | CN¥3.64bn | CN¥3.41bn | CN¥3.23bn | CN¥2.95bn | CN¥2.82bn |
| Shares outstanding | 764m | 774m | 672m | 730m | 832m | 767m | 749m | 815m | 753m | 674m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥564.6m | CN¥600.4m | CN¥1.55bn | −CN¥522.9m | −CN¥554.6m | −CN¥940.5m | CN¥973.1m | −CN¥1.11bn | CN¥504.5m | CN¥1.85bn |
| Capital spending | −CN¥33.8m | −CN¥9.4m | −CN¥6.1m | −CN¥2.3m | −CN¥8.8m | −CN¥954,793 | −CN¥6.5m | −CN¥44.0m | −CN¥3.8m | −CN¥7.9m |
| Free cash flow | CN¥530.8m | CN¥591.0m | CN¥1.54bn | −CN¥525.2m | −CN¥563.3m | −CN¥941.5m | CN¥966.6m | −CN¥1.15bn | CN¥500.7m | CN¥1.84bn |
| Dividends paid | −CN¥72.5m | −CN¥218.7m | −CN¥180.5m | −CN¥38.7m | −CN¥61.9m | −CN¥61.9m | −CN¥61.9m | −CN¥193.5m | −CN¥122.1m | −CN¥142.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥455.4m | CN¥311.7m | CN¥180.4m | CN¥956.0m | CN¥2.08bn | CN¥866.7m | CN¥1.30bn | CN¥1.20bn |
| Gross profit | CN¥40.8m | CN¥30.5m | CN¥126.6m | CN¥93.3m | CN¥243.7m | CN¥28.6m | CN¥60.3m | −CN¥10.8m |
| Operating income | −CN¥2.6m | CN¥3.7m | CN¥80.0m | CN¥1.9m | CN¥177.8m | −CN¥32.7m | −CN¥955.0m | −CN¥113.7m |
| Net income | −CN¥15.1m | −CN¥4.2m | −CN¥56.4m | CN¥4.0m | CN¥128.8m | −CN¥38.2m | −CN¥856.9m | −CN¥91.0m |
| Diluted earnings per share | -0.02 | -0.01 | -0.07 | 0.01 | 0.17 | -0.05 | -1.11 | -0.12 |
| Cash from operations | — | — | — | CN¥130.0m | CN¥245.0m | CN¥72.0m | — | CN¥314.0m |
| Capital spending | — | — | −CN¥2.0m | −CN¥29.0m | −CN¥1.0m | — | −CN¥5.0m | — |
| Free cash flow | — | — | — | CN¥101.0m | CN¥244.0m | — | — | — |
| Total assets | CN¥6.09bn | CN¥6.41bn | CN¥6.95bn | CN¥7.56bn | CN¥8.00bn | CN¥9.32bn | CN¥10.00bn | CN¥11.82bn |
| Cash and short-term investments | — | — | — | CN¥1.31bn | CN¥1.46bn | CN¥1.27bn | CN¥1.51bn | CN¥1.67bn |
| Debt | CN¥1.06bn | CN¥1.10bn | CN¥1.11bn | CN¥667.2m | CN¥1.44bn | CN¥1.47bn | CN¥1.58bn | CN¥1.69bn |
| Shareholders' equity | CN¥2.86bn | CN¥2.90bn | CN¥2.89bn | CN¥2.94bn | CN¥2.98bn | CN¥2.87bn | CN¥2.91bn | CN¥3.77bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.1% | 3.7% | 6.8% | 6.9% | 9.7% | 15.3% |
| Operating margin | 3.7% | -19.9% | 3.0% | 4.1% | 6.7% | 8.4% |
| Net margin | 0.9% | -21.7% | 0.4% | 1.9% | 4.4% | 5.6% |
| Return on equity | 1.3% | -34.6% | 1.0% | 2.8% | 8.4% | 8.1% |
| Return on assets | 0.6% | -10.1% | 0.3% | 0.6% | 1.6% | 1.9% |
| Free cash flow yield | 29.1% | 29.3% | 85.9% | -26.5% | -24.4% | -45.5% |
| Revenue growth | -12.3% | -49.6% | 53.2% | -18.2% | 40.7% | 36.4% |
| Earnings growth | -103.8% | -2754.2% | -66.4% | -65.4% | 10.7% | -30.1% |
| Current ratio | 1.76x | 1.48x | 1.54x | 1.46x | 1.53x | 1.60x |
| Debt to equity | 0.39x | 0.54x | 0.44x | 0.94x | 0.78x | 0.74x |
| Equity ratio | 41.6% | 29.1% | 28.2% | 19.9% | 19.7% | 23.3% |
| Interest coverage | 1.74x | -7.74x | 3.22x | 2.74x | 9.99x | 10.36x |
| Buybacks as a share of market value | 1.3% | -15.3% | 8.1% | 12.2% | -8.5% | -2.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.2% | -4.9% | 9.0% |
| Operating income | -21.9% | -19.3% | — |
| Net income | -30.3% | -33.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.6% | 7.2% | 8.8% | 14.4% |
| Operating margin | -10.4% | -1.5% | 1.4% | 5.5% |
| Net margin | -11.1% | -3.4% | -0.5% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 67.9 | -2.0 | 61.7 | 22.7 | 8.0 | 8.0 | 5.9 | 8.4 | 18.4 | 34.2 |
| Price to sales | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0.5 | 0.7 | 0.9 | 1.0 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 17 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.07 | 0.05 | 0.08 | 0.08 | 0.08 | 0.08 |
- 6-for-5 split · 6 Jun 2012
- 2-for-1 split · 26 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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