I 
16.88
+2.80%
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¥781.3m
FY2016FY2025
Net income
−CN¥34.9m
FY2016FY2025
Free cash flow
−CN¥8.6m
FY2016FY2025
Shareholders' equity
CN¥1.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥781.3m | CN¥816.0m | CN¥805.6m | CN¥709.7m | CN¥711.5m | CN¥724.2m | CN¥872.2m | CN¥1.01bn | CN¥840.9m | CN¥762.8m |
| Research and development | CN¥3.1m | — | — | — | — | — | — | CN¥3.0m | CN¥2.6m | CN¥1.9m |
| Operating income | −CN¥69.7m | −CN¥60.3m | −CN¥25.6m | −CN¥78.6m | −CN¥56.4m | −CN¥283.9m | −CN¥123.9m | CN¥122.9m | CN¥236.3m | CN¥166.0m |
| Net income | −CN¥34.9m | −CN¥94.0m | −CN¥34.3m | −CN¥73.4m | −CN¥103.5m | −CN¥314.5m | −CN¥1.15bn | CN¥29.7m | CN¥140.7m | CN¥114.7m |
| Diluted earnings per share | -0.08 | -0.21 | -0.08 | -0.16 | -0.23 | -0.79 | -2.25 | 0.07 | 0.30 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.18bn | CN¥2.20bn | CN¥2.28bn | CN¥2.34bn | CN¥2.56bn | CN¥2.68bn | CN¥2.97bn | CN¥4.27bn | CN¥4.65bn | CN¥4.57bn |
| Cash and short-term investments | — | CN¥425.8m | CN¥583.2m | CN¥658.5m | CN¥799.8m | CN¥939.8m | CN¥940.7m | CN¥618.3m | CN¥560.8m | CN¥1.33bn |
| Total liabilities | CN¥414.7m | CN¥426.8m | CN¥410.4m | CN¥434.4m | CN¥565.3m | CN¥533.1m | CN¥498.1m | CN¥648.7m | CN¥994.2m | CN¥1.04bn |
| Debt | CN¥8.0m | CN¥64.2m | CN¥68.5m | CN¥58.4m | CN¥63.8m | CN¥61.5m | CN¥95.6m | CN¥360.5m | CN¥308.4m | CN¥348.1m |
| Shareholders' equity | CN¥1.75bn | CN¥1.78bn | CN¥1.87bn | CN¥1.90bn | CN¥1.99bn | CN¥2.14bn | CN¥2.47bn | CN¥3.62bn | CN¥3.66bn | CN¥3.53bn |
| Shares outstanding | 441m | 441m | 441m | 445m | 449m | 399m | 511m | 451m | 472m | 399m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥75.9m | −CN¥7.3m | CN¥11.0m | −CN¥24.4m | CN¥43.4m | CN¥131.7m | CN¥96.4m | CN¥129.4m | CN¥206.1m | CN¥250.2m |
| Capital spending | −CN¥84.5m | −CN¥47.0m | −CN¥96.2m | −CN¥123.2m | −CN¥110.7m | −CN¥108.4m | −CN¥160.5m | −CN¥399.9m | −CN¥164.6m | −CN¥181.0m |
| Free cash flow | −CN¥8.6m | −CN¥54.3m | −CN¥85.2m | −CN¥147.6m | −CN¥67.4m | CN¥23.3m | −CN¥64.1m | −CN¥270.4m | CN¥41.5m | CN¥69.2m |
| Dividends paid | −CN¥2.6m | −CN¥2.6m | −CN¥1.5m | −CN¥794,978 | −CN¥2.4m | −CN¥3.7m | −CN¥11.9m | −CN¥64.5m | −CN¥14.7m | −CN¥22.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥171.1m | CN¥166.7m | CN¥183.8m | CN¥193.3m | CN¥200.8m | CN¥200.8m | CN¥205.6m | CN¥202.4m |
| Operating income | −CN¥30.7m | −CN¥25.9m | −CN¥40.9m | −CN¥18.9m | −CN¥5.0m | −CN¥5.2m | −CN¥68.8m | −CN¥13.5m |
| Net income | −CN¥27.7m | −CN¥25.1m | −CN¥39.6m | CN¥16.1m | −CN¥5.7m | −CN¥5.7m | −CN¥66.1m | −CN¥11.8m |
| Diluted earnings per share | -0.06 | -0.06 | -0.09 | 0.04 | -0.01 | -0.01 | -0.15 | -0.03 |
| Cash from operations | — | — | — | −CN¥11.0m | CN¥78.0m | CN¥4.0m | −CN¥22.0m | CN¥19.0m |
| Capital spending | −CN¥4.0m | −CN¥5.0m | −CN¥31.0m | −CN¥5.0m | −CN¥13.0m | −CN¥33.0m | −CN¥9.0m | −CN¥23.0m |
| Free cash flow | — | — | — | −CN¥16.0m | CN¥65.0m | −CN¥29.0m | −CN¥31.0m | −CN¥4.0m |
| Total assets | CN¥2.05bn | CN¥2.14bn | CN¥2.18bn | CN¥2.18bn | CN¥2.15bn | CN¥2.16bn | CN¥2.20bn | CN¥2.22bn |
| Cash and short-term investments | — | — | — | CN¥437.5m | CN¥462.2m | CN¥397.6m | CN¥425.8m | CN¥560.4m |
| Debt | — | CN¥8.0m | CN¥8.0m | CN¥52.3m | CN¥54.1m | CN¥54.1m | CN¥49.1m | CN¥49.1m |
| Shareholders' equity | CN¥1.65bn | CN¥1.72bn | CN¥1.75bn | CN¥1.78bn | CN¥1.76bn | CN¥1.76bn | CN¥1.78bn | CN¥1.84bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -8.9% | -7.4% | -3.2% | -11.1% | -7.9% | -39.2% | — | — | — | — | — |
| Net margin | -4.5% | -11.5% | -4.3% | -10.3% | -14.5% | -43.4% | — | — | — | — | — |
| Return on equity | -2.0% | -5.3% | -1.8% | -3.9% | -5.2% | -14.7% | — | — | — | — | — |
| Return on assets | -1.6% | -4.3% | -1.5% | -3.1% | -4.0% | -11.7% | — | — | — | — | — |
| Free cash flow yield | 2.1% | 0.5% | 1.4% | 1.3% | 2.0% | 3.5% | — | — | — | — | — |
| Revenue growth | -4.3% | 1.3% | 13.5% | -0.3% | -1.8% | -17.0% | — | — | — | — | — |
| Earnings growth | -62.9% | 174.0% | -53.3% | -29.0% | -67.1% | -72.7% | — | — | — | — | — |
| Current ratio | 1.84x | 1.86x | 2.25x | 2.39x | 2.72x | 3.12x | — | — | — | — | — |
| Debt to equity | 0.00x | 0.03x | 0.03x | 0.01x | 0.00x | 0.00x | — | — | — | — | — |
| Equity ratio | 80.3% | 80.6% | 82.0% | 81.4% | 77.8% | 80.1% | — | — | — | — | — |
| Interest coverage | -18.27x | -11.62x | -5.43x | -18.24x | -8.05x | -34.15x | — | — | — | — | — |
| R&D as a share of sales | 0.4% | — | — | — | — | — | 0.3% | 0.3% | 0.3% | 2.4% | 1.9% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.9% | 0.8% | -12.5% | 21.9% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.3% | 1.5% | 19.0% |
| Operating income | -3.9% | -24.5% | 0.9% |
| Net income | -22.0% | -35.6% | -6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.1% | -7.5% | -12.6% | -2.9% |
| Net margin | -8.1% | -7.6% | -14.4% | -19.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -272.3 | -37.4 | -112.5 | -39.5 | -36.2 | -7.2 | -2.8 | 110.3 | 45.6 | 69.8 |
| Price to sales | 12.2 | 4.3 | 4.8 | 4.1 | 5.3 | 3.1 | 3.6 | 3.3 | 7.6 | 10.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jun 2018.
| FY2018 | FY2012 | |
|---|---|---|
| Paid in the year | 0.10 | 0.05 |
- 2-for-1 split · 6 May 2011
- 3-for-2 split · 2 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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