Y 
10.97
-1.88%
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¥1.40bn
FY2016FY2025
Net income
−CN¥347.4m
FY2016FY2025
Free cash flow
CN¥110.0m
FY2016FY2025
Shareholders' equity
CN¥4.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.40bn | CN¥1.43bn | CN¥1.63bn | CN¥1.98bn | CN¥3.20bn | CN¥4.70bn | CN¥3.22bn | CN¥3.58bn | CN¥3.24bn | CN¥2.53bn |
| Gross profit | CN¥546.5m | CN¥523.2m | CN¥845.3m | CN¥793.6m | CN¥1.26bn | CN¥1.47bn | CN¥993.8m | CN¥2.01bn | CN¥1.69bn | CN¥1.20bn |
| Research and development | CN¥174.8m | CN¥178.3m | CN¥242.0m | CN¥302.9m | CN¥408.9m | CN¥442.8m | CN¥319.0m | CN¥369.5m | CN¥296.5m | CN¥141.4m |
| Operating income | CN¥73.1m | −CN¥339.8m | CN¥99.1m | −CN¥61.9m | CN¥189.2m | CN¥59.7m | CN¥166.1m | CN¥920.4m | CN¥729.6m | CN¥535.2m |
| Net income | −CN¥347.4m | −CN¥386.0m | CN¥91.4m | −CN¥634.8m | CN¥167.9m | −CN¥187.7m | CN¥256.5m | CN¥1.01bn | CN¥655.9m | CN¥587.9m |
| Diluted earnings per share | -0.35 | -0.45 | 0.10 | -0.85 | 0.21 | -0.21 | 0.32 | 1.14 | 0.77 | 0.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.36bn | CN¥5.96bn | CN¥6.02bn | CN¥6.28bn | CN¥6.94bn | CN¥8.59bn | CN¥8.93bn | CN¥7.33bn | CN¥6.64bn | CN¥4.70bn |
| Cash and short-term investments | — | CN¥1.77bn | CN¥1.49bn | CN¥1.64bn | CN¥1.43bn | CN¥1.75bn | CN¥1.68bn | CN¥1.16bn | CN¥1.94bn | CN¥650.5m |
| Total liabilities | CN¥899.8m | CN¥1.77bn | CN¥1.40bn | CN¥1.74bn | CN¥1.81bn | CN¥3.53bn | CN¥3.98bn | CN¥2.83bn | CN¥2.57bn | CN¥1.98bn |
| Debt | CN¥88.8m | CN¥1.24bn | CN¥886.3m | CN¥848.3m | CN¥959.1m | CN¥2.38bn | CN¥3.18bn | CN¥2.29bn | CN¥2.04bn | CN¥1.38bn |
| Shareholders' equity | CN¥4.46bn | CN¥4.19bn | CN¥4.62bn | CN¥4.54bn | CN¥5.14bn | CN¥5.06bn | CN¥4.95bn | CN¥4.51bn | CN¥4.05bn | CN¥2.71bn |
| Shares outstanding | 983m | 861m | 886m | 751m | 809m | 893m | 808m | 884m | 852m | 881m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥123.5m | CN¥36.5m | −CN¥230.2m | CN¥157.5m | CN¥326.5m | CN¥832.6m | CN¥550.4m | CN¥273.3m | CN¥741.5m | CN¥561.4m |
| Capital spending | −CN¥13.5m | −CN¥37.7m | −CN¥17.5m | −CN¥42.2m | −CN¥65.3m | −CN¥236.8m | −CN¥642.3m | −CN¥332.5m | −CN¥177.5m | −CN¥102.5m |
| Free cash flow | CN¥110.0m | −CN¥1.2m | −CN¥247.8m | CN¥115.3m | CN¥261.3m | CN¥595.8m | −CN¥91.9m | −CN¥59.2m | CN¥564.0m | CN¥458.9m |
| Dividends paid | −CN¥16.9m | −CN¥75.6m | −CN¥22.7m | −CN¥28.1m | −CN¥29.0m | −CN¥79.8m | −CN¥116.5m | −CN¥156.4m | −CN¥116.9m | −CN¥93.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥342.3m | CN¥354.0m | CN¥383.0m | CN¥330.7m | CN¥328.6m | CN¥359.4m | CN¥437.5m | CN¥295.3m |
| Gross profit | CN¥97.7m | CN¥142.1m | CN¥143.9m | CN¥129.5m | CN¥141.5m | CN¥131.6m | CN¥91.5m | CN¥138.8m |
| Operating income | −CN¥10.3m | CN¥52.8m | −CN¥19.9m | CN¥29.2m | CN¥32.4m | CN¥37.2m | −CN¥91.6m | CN¥3.4m |
| Net income | CN¥148.9m | CN¥103.8m | −CN¥423.7m | CN¥26.2m | CN¥25.5m | CN¥24.7m | −CN¥391.2m | CN¥573,713 |
| Diluted earnings per share | 0.15 | 0.11 | -0.43 | 0.03 | 0.03 | 0.03 | -0.45 | 0.00 |
| Cash from operations | — | — | — | CN¥36.0m | −CN¥72.0m | CN¥18.0m | — | −CN¥58.0m |
| Capital spending | −CN¥18.0m | −CN¥55.0m | — | −CN¥6.0m | −CN¥4.0m | −CN¥11.0m | −CN¥18.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥30.0m | −CN¥76.0m | CN¥7.0m | — | −CN¥62.0m |
| Total assets | CN¥5.52bn | CN¥5.43bn | CN¥5.36bn | CN¥5.78bn | CN¥5.76bn | CN¥5.87bn | CN¥5.96bn | CN¥6.26bn |
| Cash and short-term investments | — | — | — | CN¥1.53bn | CN¥1.54bn | CN¥1.66bn | CN¥1.77bn | CN¥1.81bn |
| Debt | CN¥14.3m | CN¥88.8m | CN¥88.8m | CN¥414.2m | CN¥906.5m | CN¥1.14bn | CN¥1.23bn | CN¥1.21bn |
| Shareholders' equity | CN¥4.67bn | CN¥4.54bn | CN¥4.46bn | CN¥4.96bn | CN¥4.44bn | CN¥4.23bn | CN¥4.19bn | CN¥4.56bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.0% | 36.5% | 52.0% | 40.1% | 39.3% | 31.2% |
| Operating margin | 5.2% | -23.7% | 6.1% | -3.1% | 5.9% | 1.3% |
| Net margin | -24.8% | -26.9% | 5.6% | -32.1% | 5.2% | -4.0% |
| Return on equity | -7.8% | -9.2% | 2.0% | -14.0% | 3.3% | -3.7% |
| Return on assets | -6.5% | -6.5% | 1.5% | -10.1% | 2.4% | -2.2% |
| Free cash flow yield | 1.1% | 0.7% | -1.8% | 2.0% | 3.7% | 9.1% |
| Revenue growth | -2.3% | -11.8% | -17.9% | -38.2% | -31.9% | 46.0% |
| Earnings growth | -10.0% | -522.5% | -114.4% | -478.2% | -189.4% | -173.2% |
| Current ratio | 3.04x | 2.66x | 3.32x | 2.37x | 2.30x | 1.49x |
| Debt to equity | 0.02x | 0.29x | 0.19x | 0.18x | 0.17x | 0.47x |
| Equity ratio | 83.2% | 70.3% | 76.7% | 72.3% | 74.0% | 58.9% |
| Interest coverage | 2.13x | -6.58x | 2.05x | -1.51x | 3.38x | 0.58x |
| R&D as a share of sales | 12.5% | 12.4% | 14.9% | 15.3% | 12.8% | 9.4% |
| Buybacks as a share of market value | -14.3% | 2.9% | -18.1% | 7.2% | 9.4% | -10.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.9% | -21.5% | -0.9% |
| Operating income | — | 4.1% | -16.2% |
| Net income | -18.2% | 13.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.7% | 42.0% | 37.9% | 42.9% |
| Operating margin | -9.4% | -3.6% | 0.1% | 9.8% |
| Net margin | -25.9% | -19.8% | -9.0% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.6 | -20.9 | 111.2 | -10.9 | 73.5 | -62.6 | 73.3 | 16.3 | 29.0 | 39.6 |
| Price to sales | 8.6 | 5.6 | 6.3 | 3.5 | 3.9 | 2.5 | 5.8 | 4.6 | 5.9 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Sept 2024.
| FY2024 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2013 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.051 | 0.088 | 0.077 | 0.07 | 0.06 | 0.05 | 0.003 | 0.017 |
- 3-for-1 split · 8 Apr 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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