J 
2.90
+0.69%
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¥14.79bn
FY2016FY2025
Net income
−CN¥546.4m
FY2016FY2025
Free cash flow
−CN¥175.5m
FY2016FY2025
Shareholders' equity
CN¥10.89bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.79bn | CN¥8.87bn | CN¥6.99bn | CN¥14.42bn | CN¥47.67bn | CN¥49.17bn | CN¥24.52bn | CN¥22.11bn | CN¥20.61bn | CN¥18.92bn |
| Research and development | CN¥5.9m | CN¥6.5m | CN¥144.3m | CN¥26.1m | CN¥545.9m | CN¥527.6m | CN¥394.3m | CN¥208.6m | CN¥170.1m | CN¥208.4m |
| Operating income | −CN¥93.1m | CN¥499.5m | CN¥8.66bn | −CN¥7.73bn | −CN¥17.90bn | CN¥6.30bn | CN¥1.83bn | CN¥257.8m | CN¥610.7m | CN¥1.17bn |
| Net income | −CN¥546.4m | CN¥216.4m | CN¥8.53bn | −CN¥13.39bn | −CN¥18.82bn | CN¥5.74bn | CN¥1.65bn | CN¥193.4m | CN¥525.7m | CN¥1.05bn |
| Diluted earnings per share | -0.06 | 0.02 | 2.48 | -4.32 | -5.31 | 2.13 | 0.80 | 0.09 | 0.22 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥19.61bn | CN¥19.00bn | CN¥17.49bn | CN¥23.47bn | CN¥46.57bn | CN¥61.88bn | CN¥30.83bn | CN¥21.21bn | CN¥16.62bn | CN¥12.26bn |
| Cash and short-term investments | — | CN¥3.32bn | CN¥2.44bn | CN¥814.3m | CN¥6.36bn | CN¥13.28bn | CN¥2.99bn | CN¥1.59bn | CN¥1.42bn | CN¥2.20bn |
| Total liabilities | CN¥9.83bn | CN¥8.82bn | CN¥9.44bn | CN¥34.83bn | CN¥43.12bn | CN¥37.32bn | CN¥20.86bn | CN¥14.51bn | CN¥9.91bn | CN¥6.04bn |
| Debt | CN¥5.2m | CN¥1.45bn | CN¥1.96bn | CN¥18.53bn | CN¥24.62bn | CN¥20.69bn | CN¥7.35bn | CN¥7.57bn | CN¥5.20bn | CN¥2.99bn |
| Shareholders' equity | CN¥10.89bn | CN¥11.42bn | CN¥10.00bn | −CN¥8.73bn | CN¥2.04bn | CN¥23.25bn | CN¥9.39bn | CN¥6.36bn | CN¥6.32bn | CN¥5.81bn |
| Shares outstanding | 9,250m | 9,248m | 3,435m | 3,102m | 3,543m | 2,693m | 2,070m | 2,134m | 2,341m | 2,005m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥829.9m | CN¥174.4m | −CN¥1.38bn | −CN¥5.47bn | −CN¥2.20bn | CN¥4.55bn | CN¥3.92bn | CN¥1.33bn | CN¥917.6m | CN¥1.69bn |
| Capital spending | −CN¥1.01bn | −CN¥573.2m | −CN¥652.2m | −CN¥1.32bn | −CN¥6.49bn | −CN¥10.35bn | −CN¥5.71bn | −CN¥3.15bn | −CN¥4.13bn | −CN¥2.11bn |
| Free cash flow | −CN¥175.5m | −CN¥398.7m | −CN¥2.04bn | −CN¥6.79bn | −CN¥8.70bn | −CN¥5.80bn | −CN¥1.79bn | −CN¥1.82bn | −CN¥3.21bn | −CN¥418.2m |
| Dividends paid | −CN¥25.6m | −CN¥1.1m | −CN¥46.0m | −CN¥836.2m | −CN¥3.58bn | −CN¥1.12bn | −CN¥651.0m | −CN¥568.6m | −CN¥355.0m | −CN¥267.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.96bn | CN¥3.76bn | CN¥4.14bn | CN¥3.82bn | CN¥3.84bn | CN¥3.00bn | CN¥3.03bn | CN¥2.61bn |
| Operating income | −CN¥402.0m | −CN¥80.9m | −CN¥424.1m | −CN¥226.9m | CN¥32.5m | CN¥183.6m | −CN¥31.8m | CN¥481.1m |
| Net income | −CN¥322.2m | −CN¥414.3m | −CN¥554.7m | −CN¥193.4m | CN¥31.0m | CN¥170.6m | −CN¥84.3m | CN¥428.2m |
| Diluted earnings per share | -0.03 | -0.04 | -0.06 | -0.02 | 0.00 | 0.02 | -0.01 | 0.05 |
| Cash from operations | — | — | — | CN¥263.0m | CN¥80.0m | −CN¥60.0m | CN¥1.12bn | −CN¥403.0m |
| Capital spending | −CN¥365.0m | −CN¥328.0m | −CN¥324.0m | −CN¥308.0m | −CN¥191.0m | −CN¥181.0m | −CN¥327.0m | −CN¥130.0m |
| Free cash flow | — | — | — | −CN¥45.0m | −CN¥111.0m | −CN¥241.0m | CN¥792.0m | −CN¥533.0m |
| Total assets | CN¥18.92bn | CN¥19.31bn | CN¥19.61bn | CN¥19.81bn | CN¥19.95bn | CN¥19.41bn | CN¥19.00bn | CN¥18.66bn |
| Cash and short-term investments | — | — | — | CN¥3.29bn | CN¥3.42bn | CN¥3.21bn | CN¥3.32bn | CN¥2.53bn |
| Debt | CN¥5.2m | CN¥5.2m | CN¥5.2m | CN¥734.3m | CN¥186.3m | CN¥216.3m | CN¥221.3m | CN¥415.2m |
| Shareholders' equity | CN¥10.15bn | CN¥10.45bn | CN¥10.89bn | CN¥11.74bn | CN¥11.84bn | CN¥11.71bn | CN¥11.42bn | CN¥11.63bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.6% | 5.6% | 123.8% | -53.6% | -37.5% | 12.8% |
| Net margin | -3.7% | 2.4% | 122.0% | -92.9% | -39.5% | 11.7% |
| Return on equity | -5.0% | 1.9% | 85.3% | 153.3% | -923.3% | 24.7% |
| Return on assets | -2.8% | 1.1% | 48.8% | -57.0% | -40.4% | 9.3% |
| Free cash flow yield | 6.6% | 2.7% | -7.0% | -44.2% | 40.1% | 183.3% |
| Revenue growth | 66.8% | 26.9% | -51.5% | -69.8% | -3.0% | 100.5% |
| Earnings growth | -352.5% | -97.5% | -163.7% | -28.9% | -427.6% | 248.8% |
| Current ratio | 0.88x | 1.12x | 0.94x | 0.15x | 0.48x | 1.22x |
| Debt to equity | 0.00x | 0.02x | 0.05x | -1.89x | 9.39x | 0.78x |
| Equity ratio | 55.5% | 60.1% | 57.2% | -37.2% | 4.4% | 37.6% |
| Interest coverage | -0.34x | 2.72x | 10.96x | -5.35x | -14.03x | 6.74x |
| R&D as a share of sales | 0.0% | 0.1% | 2.1% | 0.2% | 1.1% | 1.1% |
| Buybacks as a share of market value | -0.0% | -169.2% | -10.8% | 12.5% | -31.6% | -30.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | -21.4% | -1.0% |
| Operating income | -77.1% | — | — |
| Net income | -65.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.7% | 3.0% | -7.2% | -2.5% |
| Net margin | -1.4% | -11.5% | -12.9% | -5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -55.0 | 124.8 | 1.1 | -1.0 | -1.8 | 8.0 | 20.4 | 58.6 | 25.5 | 12.8 |
| Price to sales | 2.0 | 3.0 | 1.3 | 0.9 | 0.7 | 0.9 | 1.4 | 0.5 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.70 | 0.07 | 0.04 | 0.05 | 0.05 | 0.033 | 0.007 | 0.013 |
- 1-to-1 reverse split · 8 Dec 2023
- 3-for-1 split · 8 Sept 2016
- 8-for-5 split · 23 May 2011
- 3-for-2 split · 17 Sept 2008
- 2-for-1 split · 22 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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