T 
5.90
-1.50%
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¥2.57bn
FY2016FY2025
Net income
CN¥74.2m
FY2016FY2025
Free cash flow
−CN¥126.9m
FY2016FY2025
Shareholders' equity
CN¥9.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.57bn | CN¥2.82bn | CN¥3.12bn | CN¥3.54bn | CN¥3.35bn | CN¥5.70bn | CN¥7.09bn | CN¥6.30bn | CN¥5.13bn | CN¥2.87bn |
| Research and development | CN¥605.2m | CN¥642.3m | CN¥768.5m | CN¥820.6m | CN¥802.7m | CN¥614.0m | CN¥502.3m | CN¥351.5m | CN¥359.9m | CN¥63.4m |
| Operating income | CN¥33.6m | CN¥11.8m | −CN¥392.8m | CN¥245.0m | CN¥280.0m | CN¥578.5m | CN¥473.1m | CN¥609.9m | CN¥456.5m | CN¥79.6m |
| Net income | CN¥74.2m | CN¥83.0m | −CN¥371.4m | CN¥205.1m | CN¥230.0m | CN¥400.1m | CN¥401.0m | CN¥485.3m | CN¥425.1m | CN¥70.3m |
| Diluted earnings per share | 0.06 | 0.07 | -0.28 | 0.18 | 0.21 | 0.34 | 0.35 | 0.33 | 0.37 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.23bn | CN¥11.05bn | CN¥11.22bn | CN¥11.99bn | CN¥11.60bn | CN¥11.32bn | CN¥11.11bn | CN¥9.95bn | CN¥9.62bn | CN¥8.94bn |
| Cash and short-term investments | — | CN¥665.6m | CN¥957.0m | CN¥918.4m | CN¥914.1m | CN¥1.78bn | CN¥1.20bn | CN¥880.8m | CN¥508.4m | CN¥1.30bn |
| Total liabilities | CN¥1.60bn | CN¥1.65bn | CN¥1.77bn | CN¥2.21bn | CN¥2.12bn | CN¥1.73bn | CN¥2.21bn | CN¥1.73bn | CN¥1.59bn | CN¥3.42bn |
| Debt | — | CN¥77.6m | CN¥101.9m | CN¥301.1m | CN¥89.9m | CN¥19.0m | CN¥455.9m | CN¥747.3m | CN¥728.9m | CN¥682.6m |
| Shareholders' equity | CN¥9.62bn | CN¥9.39bn | CN¥9.45bn | CN¥9.78bn | CN¥9.48bn | CN¥9.59bn | CN¥8.90bn | CN¥8.21bn | CN¥8.03bn | CN¥5.53bn |
| Shares outstanding | 1,169m | 1,130m | 1,317m | 1,138m | 1,119m | 1,180m | 1,134m | 1,490m | 1,135m | 470m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥163.4m | CN¥258.6m | CN¥516.6m | −CN¥271.1m | CN¥169.7m | CN¥203.6m | CN¥732.5m | CN¥496.5m | CN¥129.1m | −CN¥49.1m |
| Capital spending | −CN¥290.3m | −CN¥380.7m | −CN¥347.2m | −CN¥464.5m | −CN¥518.6m | −CN¥382.5m | −CN¥234.2m | −CN¥180.4m | −CN¥135.1m | −CN¥34.9m |
| Free cash flow | −CN¥126.9m | −CN¥122.1m | CN¥169.4m | −CN¥735.6m | −CN¥348.8m | −CN¥178.9m | CN¥498.3m | CN¥316.1m | −CN¥6.1m | −CN¥84.1m |
| Dividends paid | −CN¥24.6m | −CN¥20.9m | −CN¥2.0m | −CN¥23.5m | −CN¥45.9m | −CN¥15.6m | −CN¥26.2m | −CN¥110.3m | −CN¥62.8m | −CN¥70.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥320.2m | CN¥225.2m | CN¥1.37bn | CN¥376.2m | CN¥490.6m | CN¥335.7m | CN¥1.24bn | CN¥709.2m |
| Operating income | −CN¥200.3m | −CN¥199.8m | CN¥498.7m | −CN¥223.7m | −CN¥27.8m | −CN¥144.7m | CN¥309.5m | CN¥7.7m |
| Net income | −CN¥172.1m | −CN¥100.7m | CN¥309.7m | −CN¥170.8m | CN¥3.7m | −CN¥68.4m | CN¥252.3m | CN¥36.5m |
| Diluted earnings per share | -0.15 | -0.09 | 0.26 | -0.15 | 0.00 | -0.06 | 0.22 | 0.03 |
| Cash from operations | — | — | — | −CN¥167.0m | −CN¥500.0m | CN¥232.0m | CN¥553.0m | — |
| Capital spending | −CN¥66.0m | −CN¥63.0m | −CN¥81.0m | −CN¥68.0m | −CN¥64.0m | −CN¥76.0m | −CN¥124.0m | −CN¥79.0m |
| Free cash flow | — | — | — | −CN¥235.0m | −CN¥564.0m | CN¥156.0m | CN¥429.0m | — |
| Total assets | CN¥11.00bn | CN¥11.19bn | CN¥11.23bn | CN¥10.79bn | CN¥10.75bn | CN¥10.75bn | CN¥11.05bn | CN¥10.74bn |
| Cash and short-term investments | — | — | — | CN¥222.4m | CN¥227.4m | CN¥352.5m | CN¥665.6m | CN¥302.1m |
| Debt | — | — | — | CN¥264.9m | CN¥286.6m | CN¥76.2m | — | — |
| Shareholders' equity | CN¥9.28bn | CN¥9.53bn | CN¥9.62bn | CN¥9.31bn | CN¥9.33bn | CN¥9.33bn | CN¥9.39bn | CN¥9.25bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.1% | -14.7% | 1.2% |
| Operating income | -48.4% | -43.4% | -6.6% |
| Net income | -28.7% | -28.6% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.8% | -0.8% | 3.6% | 5.5% |
| Net margin | 2.9% | -0.1% | 2.9% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 142.8 | 87.8 | -34.7 | 55.4 | 93.3 | 62.0 | 53.8 | 34.1 | 53.5 | 113.3 |
| Price to sales | 4.1 | 2.6 | 4.1 | 3.2 | 6.4 | 4.3 | 3.0 | 2.6 | 4.4 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 3 Jul 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.018 | 0.02 | 0.04 | 0.04 | 0.018 | 0.018 | 0.016 |
- 2-for-1 split · 18 May 2011
- 3-for-2 split · 3 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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