J 
7.51
-1.83%
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¥1.96bn
FY2016FY2025
Net income
−CN¥369.4m
FY2016FY2025
Free cash flow
−CN¥296.5m
FY2016FY2025
Shareholders' equity
CN¥2.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.96bn | CN¥2.10bn | CN¥2.80bn | CN¥6.57bn | CN¥2.98bn | CN¥1.84bn | CN¥2.59bn | CN¥3.02bn | CN¥3.37bn | CN¥2.98bn |
| Research and development | CN¥72.9m | CN¥89.5m | CN¥124.6m | CN¥269.3m | CN¥112.4m | CN¥75.1m | CN¥161.5m | CN¥225.4m | CN¥161.0m | CN¥147.8m |
| Operating income | −CN¥286.6m | −CN¥335.3m | −CN¥363.6m | CN¥2.76bn | CN¥468.0m | −CN¥9.5m | −CN¥2.03bn | −CN¥1.73bn | CN¥322.1m | CN¥217.5m |
| Net income | −CN¥369.4m | −CN¥319.2m | −CN¥396.9m | CN¥2.33bn | CN¥385.8m | CN¥14.3m | −CN¥2.02bn | −CN¥1.66bn | CN¥281.3m | CN¥197.3m |
| Diluted earnings per share | -0.20 | -0.18 | -0.23 | 1.35 | 0.24 | 0.02 | -1.20 | -1.17 | 0.20 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.96bn | CN¥6.64bn | CN¥6.34bn | CN¥7.23bn | CN¥5.43bn | CN¥4.82bn | CN¥5.62bn | CN¥9.74bn | CN¥9.16bn | CN¥7.74bn |
| Cash and short-term investments | — | CN¥1.03bn | CN¥520.3m | CN¥1.00bn | CN¥748.2m | CN¥437.1m | CN¥474.2m | CN¥1.49bn | CN¥529.6m | CN¥888.5m |
| Total liabilities | CN¥3.00bn | CN¥3.13bn | CN¥2.50bn | CN¥2.93bn | CN¥3.44bn | CN¥3.22bn | CN¥3.95bn | CN¥6.13bn | CN¥4.98bn | CN¥3.93bn |
| Debt | CN¥228.0m | CN¥1.54bn | CN¥862.0m | CN¥547.1m | CN¥1.71bn | CN¥1.62bn | CN¥1.76bn | CN¥2.80bn | CN¥2.04bn | CN¥1.48bn |
| Shareholders' equity | CN¥2.96bn | CN¥3.50bn | CN¥3.81bn | CN¥4.27bn | CN¥1.95bn | CN¥1.57bn | CN¥1.55bn | CN¥3.48bn | CN¥4.02bn | CN¥3.73bn |
| Shares outstanding | 1,854m | 1,786m | 1,702m | 1,728m | 1,591m | 598m | 1,688m | 1,414m | 1,408m | 1,316m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥169.1m | −CN¥120.6m | CN¥582.5m | CN¥1.83bn | CN¥399.3m | CN¥306.6m | −CN¥99.2m | −CN¥916.2m | −CN¥891.0m | CN¥123.5m |
| Capital spending | −CN¥127.4m | −CN¥177.6m | −CN¥487.2m | −CN¥202.0m | −CN¥133.6m | −CN¥184.7m | −CN¥200.0m | −CN¥414.9m | −CN¥183.0m | −CN¥195.6m |
| Free cash flow | −CN¥296.5m | −CN¥298.2m | CN¥95.2m | CN¥1.63bn | CN¥265.7m | CN¥121.9m | −CN¥299.3m | −CN¥1.33bn | −CN¥1.07bn | −CN¥72.1m |
| Dividends paid | −CN¥38.4m | −CN¥29.4m | −CN¥24.7m | −CN¥62.0m | −CN¥64.0m | −CN¥93.0m | −CN¥175.6m | −CN¥202.9m | −CN¥95.7m | −CN¥60.3m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥500.5m | CN¥523.7m | CN¥433.2m | CN¥523.3m | CN¥457.0m | CN¥474.2m | CN¥500.9m | CN¥853.4m |
| Operating income | −CN¥53.3m | −CN¥41.3m | −CN¥43.5m | −CN¥91.9m | CN¥14.5m | −CN¥78.2m | −CN¥47.7m | −CN¥284.0m |
| Net income | −CN¥74.9m | −CN¥33.4m | −CN¥179.6m | −CN¥256.4m | CN¥1.3m | −CN¥71.1m | −CN¥43.1m | −CN¥237.0m |
| Diluted earnings per share | -0.04 | -0.02 | -0.10 | -0.14 | 0.00 | -0.04 | -0.02 | -0.13 |
| Cash from operations | — | — | — | — | −CN¥13.0m | −CN¥155.0m | −CN¥141.0m | CN¥419.0m |
| Capital spending | −CN¥7.0m | −CN¥7.0m | −CN¥14.0m | −CN¥27.0m | −CN¥49.0m | −CN¥36.0m | −CN¥14.0m | −CN¥29.0m |
| Free cash flow | — | — | — | — | −CN¥62.0m | −CN¥191.0m | −CN¥155.0m | CN¥390.0m |
| Total assets | CN¥5.52bn | CN¥5.79bn | CN¥5.83bn | CN¥5.96bn | CN¥6.01bn | CN¥6.16bn | CN¥6.56bn | CN¥6.64bn |
| Cash and short-term investments | — | — | — | — | CN¥578.0m | CN¥689.4m | CN¥731.1m | CN¥1.03bn |
| Debt | CN¥427.0m | CN¥427.0m | CN¥213.4m | CN¥228.0m | CN¥1.63bn | CN¥1.18bn | CN¥1.44bn | CN¥1.54bn |
| Shareholders' equity | CN¥2.85bn | CN¥2.92bn | CN¥2.96bn | CN¥2.96bn | CN¥3.40bn | CN¥3.39bn | CN¥3.46bn | CN¥3.50bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -19.2% | -15.3% | -13.3% | 42.0% | 17.6% | 3.3% |
| Net margin | -18.9% | -15.2% | -14.2% | 35.4% | 12.9% | 0.8% |
| Return on equity | -12.5% | -9.1% | -10.4% | 54.5% | 19.7% | 0.9% |
| Return on assets | -6.2% | -4.8% | -6.3% | 32.2% | 7.1% | 0.3% |
| Free cash flow yield | -0.3% | 0.4% | 7.3% | 13.6% | 3.9% | 9.5% |
| Revenue growth | -7.0% | -24.9% | -57.4% | 120.4% | 61.7% | -28.9% |
| Earnings growth | 15.7% | -19.6% | -117.1% | 502.9% | 2592.7% | -100.7% |
| Current ratio | 1.18x | 1.29x | 1.39x | 1.59x | 0.95x | 0.74x |
| Debt to equity | 0.08x | 0.44x | 0.23x | 0.13x | 0.88x | 1.03x |
| Equity ratio | 49.6% | 52.8% | 60.2% | 59.0% | 36.0% | 32.6% |
| Interest coverage | -9.70x | -8.24x | -14.42x | 41.55x | 7.56x | 1.03x |
| R&D as a share of sales | 3.7% | 4.3% | 4.5% | 4.1% | 3.8% | 4.1% |
| Buybacks as a share of market value | -3.8% | -4.9% | 1.5% | -8.6% | -166.0% | 64.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.2% | 1.2% | 8.2% |
| Operating income | — | 97.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.3% | 13.2% | 12.2% | -3.1% |
| Net margin | -17.0% | 9.2% | 9.0% | -4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -48.9 | -41.5 | -57.9 | 13.0 | 85.6 | 155.7 | -3.1 | -5.0 | 56.7 | 79.6 |
| Price to sales | 9.2 | 6.3 | 8.2 | 4.6 | 11.1 | 1.2 | 2.5 | 2.8 | 4.7 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.014 | 0.009 | 0.007 | 0.006 | 0.007 | 0.004 | 0.004 |
- 11-for-5 split · 25 Sept 2015
- 2-for-1 split · 28 May 2012
- 9-for-5 split · 25 Feb 2011
- 8-for-5 split · 19 Sept 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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