3.15
-1.56%
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¥2.99bn
FY2016FY2025
Net income
−CN¥345.9m
FY2016FY2025
Free cash flow
−CN¥91.0m
FY2016FY2025
Shareholders' equity
CN¥6.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.99bn | CN¥2.86bn | CN¥3.95bn | CN¥5.19bn | CN¥5.07bn | CN¥4.19bn | CN¥3.99bn | CN¥3.37bn | CN¥2.95bn | CN¥2.78bn |
| Gross profit | CN¥539.4m | CN¥747.3m | CN¥999.2m | CN¥1.40bn | CN¥1.59bn | CN¥1.43bn | CN¥1.65bn | CN¥1.44bn | CN¥1.28bn | CN¥1.12bn |
| Research and development | CN¥141.6m | CN¥157.7m | CN¥183.6m | CN¥229.6m | CN¥238.6m | CN¥203.0m | CN¥175.5m | CN¥140.3m | CN¥126.6m | CN¥137.3m |
| Operating income | CN¥32.0m | CN¥183.4m | CN¥272.6m | CN¥484.4m | CN¥1.20bn | CN¥990.5m | CN¥1.13bn | CN¥953.4m | CN¥788.8m | CN¥707.1m |
| Net income | −CN¥345.9m | CN¥72.0m | CN¥118.4m | CN¥197.4m | CN¥1.02bn | CN¥823.6m | CN¥876.8m | CN¥725.3m | CN¥574.4m | CN¥570.7m |
| Diluted earnings per share | -0.27 | 0.06 | 0.08 | 0.16 | 0.70 | 0.56 | 0.60 | 0.53 | 0.41 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.34bn | CN¥8.45bn | CN¥9.43bn | CN¥9.44bn | CN¥10.33bn | CN¥9.01bn | CN¥8.67bn | CN¥8.20bn | CN¥8.12bn | CN¥6.68bn |
| Cash and short-term investments | — | CN¥1.15bn | CN¥1.42bn | CN¥1.53bn | CN¥2.09bn | CN¥2.23bn | CN¥1.70bn | CN¥839.5m | CN¥1.23bn | CN¥786.1m |
| Total liabilities | CN¥2.03bn | CN¥1.77bn | CN¥2.35bn | CN¥1.76bn | CN¥2.23bn | CN¥1.36bn | CN¥1.44bn | CN¥1.43bn | CN¥1.43bn | CN¥1.87bn |
| Debt | — | CN¥260.1m | CN¥310.1m | CN¥71.6m | CN¥114.8m | CN¥60.0m | CN¥329.4m | CN¥60.0m | CN¥10.0m | CN¥340.9m |
| Shareholders' equity | CN¥6.19bn | CN¥6.53bn | CN¥6.88bn | CN¥7.47bn | CN¥7.85bn | CN¥7.43bn | CN¥6.93bn | CN¥6.49bn | CN¥6.45bn | CN¥4.49bn |
| Shares outstanding | 1,273m | 1,308m | 1,473m | 1,248m | 1,451m | 1,470m | 1,454m | 1,375m | 1,385m | 1,419m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥20.4m | CN¥190.3m | CN¥473.3m | CN¥497.5m | CN¥860.8m | CN¥1.05bn | CN¥1.19bn | CN¥852.6m | CN¥819.8m | CN¥918.2m |
| Capital spending | −CN¥70.6m | −CN¥73.4m | −CN¥118.2m | −CN¥260.9m | −CN¥381.8m | −CN¥173.7m | −CN¥345.4m | −CN¥334.6m | −CN¥367.6m | −CN¥361.5m |
| Free cash flow | −CN¥91.0m | CN¥116.9m | CN¥355.0m | CN¥236.7m | CN¥479.0m | CN¥871.7m | CN¥844.5m | CN¥518.0m | CN¥452.2m | CN¥556.7m |
| Dividends paid | −CN¥4.6m | −CN¥430.0m | −CN¥579.8m | −CN¥505.9m | −CN¥505.3m | −CN¥218.5m | −CN¥439.5m | −CN¥447.6m | −CN¥340.7m | −CN¥208.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥585.6m | CN¥1.00bn | CN¥1.09bn | CN¥655.9m | CN¥603.2m | CN¥635.3m | CN¥668.9m | CN¥703.9m |
| Gross profit | CN¥95.4m | CN¥129.6m | CN¥182.0m | CN¥120.9m | CN¥93.9m | CN¥142.6m | CN¥197.7m | CN¥137.5m |
| Operating income | −CN¥2.9m | CN¥10.3m | CN¥12.6m | CN¥12.9m | CN¥44.4m | CN¥77.5m | −CN¥151.8m | CN¥69.7m |
| Net income | CN¥11.7m | CN¥36.5m | −CN¥490.2m | CN¥22.1m | CN¥55.5m | CN¥66.6m | −CN¥165.4m | CN¥56.3m |
| Diluted earnings per share | 0.01 | 0.03 | -0.38 | 0.02 | 0.04 | 0.05 | -0.13 | 0.04 |
| Cash from operations | — | — | — | CN¥315.0m | −CN¥348.0m | CN¥40.0m | — | −CN¥106.0m |
| Capital spending | −CN¥16.0m | −CN¥9.0m | −CN¥18.0m | −CN¥15.0m | −CN¥25.0m | −CN¥11.0m | −CN¥11.0m | −CN¥21.0m |
| Free cash flow | — | — | — | CN¥300.0m | −CN¥373.0m | CN¥29.0m | — | −CN¥127.0m |
| Total assets | CN¥7.82bn | CN¥8.21bn | CN¥8.34bn | CN¥8.43bn | CN¥8.08bn | CN¥8.36bn | CN¥8.45bn | CN¥8.85bn |
| Cash and short-term investments | — | — | — | CN¥1.24bn | CN¥843.0m | CN¥1.13bn | CN¥1.15bn | CN¥985.5m |
| Debt | — | — | — | CN¥550.0m | CN¥110.0m | CN¥50.0m | CN¥260.1m | CN¥243.0m |
| Shareholders' equity | CN¥6.23bn | CN¥6.23bn | CN¥6.19bn | CN¥6.68bn | CN¥6.65bn | CN¥6.60bn | CN¥6.53bn | CN¥6.70bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 18.1% | 26.2% | 25.3% | 27.0% | 31.4% | 34.2% | — |
| Operating margin | -10.6% | 4.8% | 4.9% | 6.7% | 23.7% | 23.7% | — |
| Net margin | -11.6% | 2.5% | 3.0% | 3.8% | 20.1% | 19.6% | — |
| Return on equity | -5.6% | 1.1% | 1.7% | 2.6% | 13.0% | 11.1% | — |
| Return on assets | -4.1% | 0.9% | 1.3% | 2.1% | 9.9% | 9.1% | — |
| Free cash flow yield | 1.2% | 6.0% | 11.9% | 18.0% | 25.3% | 24.5% | — |
| Revenue growth | 4.6% | -27.6% | -24.0% | 2.4% | 20.9% | 5.1% | — |
| Earnings growth | -580.6% | -39.2% | -40.0% | -80.6% | 23.8% | -6.1% | — |
| Current ratio | 2.04x | 2.34x | 1.78x | 2.37x | 2.12x | 3.03x | — |
| Debt to equity | — | 0.04x | 0.05x | 0.01x | 0.01x | 0.01x | 0.00x |
| Equity ratio | 74.2% | 77.4% | 72.9% | 79.2% | 76.0% | 82.4% | — |
| Interest coverage | -70.48x | 12.37x | 30.24x | 25.07x | 137.69x | 520.05x | — |
| R&D as a share of sales | 4.7% | 5.5% | 4.7% | 4.4% | 4.7% | 4.8% | — |
| Buybacks as a share of market value | 2.7% | 11.2% | -18.0% | 14.0% | 1.2% | -1.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.8% | -6.5% | 0.9% |
| Operating income | -59.6% | -49.7% | -28.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.0% | 24.6% | 27.7% | 33.5% |
| Operating margin | 3.7% | 6.5% | 13.0% | 19.0% |
| Net margin | -4.7% | 0.3% | 7.8% | 13.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.5 | 76.3 | 66.8 | 45.7 | 21.5 | 16.5 | 18.9 | 14.8 | 22.3 | 25.9 |
| Price to sales | 1.8 | 1.9 | 2.0 | 1.7 | 4.3 | 3.2 | 4.2 | 3.2 | 4.3 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Aug 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.40 | 0.35 | 0.35 | 0.15 | 0.30 | 0.302 | 0.25 |
- 3-for-2 split · 20 May 2009
- 8-for-5 split · 2 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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