H 
1.30
+0.78%
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¥1.69bn
FY2016FY2025
Net income
CN¥22.7m
FY2016FY2025
Free cash flow
−CN¥124.2m
FY2016FY2025
Shareholders' equity
CN¥1.87bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.69bn | CN¥1.33bn | CN¥4.63bn | CN¥11.91bn | CN¥16.23bn | CN¥17.15bn | CN¥18.63bn | CN¥16.90bn | CN¥15.11bn | CN¥11.84bn |
| Research and development | CN¥45.4m | CN¥47.3m | CN¥331.6m | CN¥645.8m | CN¥745.8m | CN¥686.2m | CN¥669.8m | CN¥631.7m | CN¥458.0m | CN¥347.0m |
| Operating income | CN¥86.3m | CN¥2.55bn | −CN¥10.04bn | −CN¥3.29bn | CN¥33.6m | −CN¥3.03bn | CN¥1.12bn | CN¥1.50bn | CN¥1.45bn | CN¥1.02bn |
| Net income | CN¥22.7m | CN¥1.52bn | −CN¥12.09bn | −CN¥3.47bn | CN¥76.8m | −CN¥3.12bn | CN¥1.03bn | CN¥1.36bn | CN¥1.18bn | CN¥873.8m |
| Diluted earnings per share | 0.00 | 0.07 | -0.59 | -1.10 | 0.02 | -0.99 | 0.35 | 0.42 | 0.39 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.53bn | CN¥2.60bn | CN¥7.64bn | CN¥23.29bn | CN¥29.31bn | CN¥30.68bn | CN¥34.28bn | CN¥27.43bn | CN¥21.24bn | CN¥17.00bn |
| Cash and short-term investments | — | CN¥239.2m | CN¥706.5m | CN¥2.40bn | CN¥3.22bn | CN¥2.63bn | CN¥4.37bn | CN¥2.67bn | CN¥3.76bn | CN¥4.45bn |
| Total liabilities | CN¥616.7m | CN¥716.1m | CN¥14.81bn | CN¥16.77bn | CN¥18.81bn | CN¥20.24bn | CN¥20.74bn | CN¥16.28bn | CN¥11.19bn | CN¥8.00bn |
| Debt | CN¥38.4m | CN¥84.8m | CN¥4.48bn | CN¥8.19bn | CN¥9.55bn | CN¥8.70bn | CN¥7.48bn | CN¥6.62bn | CN¥4.81bn | CN¥3.20bn |
| Shareholders' equity | CN¥1.87bn | CN¥1.86bn | −CN¥7.19bn | CN¥5.49bn | CN¥8.95bn | CN¥8.86bn | CN¥12.09bn | CN¥11.19bn | CN¥10.05bn | CN¥8.99bn |
| Shares outstanding | 7,198m | 21,036m | 20,503m | 3,139m | 3,126m | 3,136m | 2,971m | 3,258m | 3,031m | 2,927m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥61.4m | −CN¥57.8m | CN¥263.9m | CN¥538.2m | CN¥1.38bn | −CN¥455.0m | CN¥940.3m | −CN¥361.4m | CN¥736.5m | CN¥229.9m |
| Capital spending | −CN¥62.8m | −CN¥47.8m | −CN¥266.0m | −CN¥668.3m | −CN¥1.02bn | −CN¥1.09bn | −CN¥1.27bn | −CN¥2.14bn | −CN¥2.23bn | −CN¥558.4m |
| Free cash flow | −CN¥124.2m | −CN¥105.6m | −CN¥2.1m | −CN¥130.1m | CN¥367.3m | −CN¥1.54bn | −CN¥329.1m | −CN¥2.50bn | −CN¥1.49bn | −CN¥328.5m |
| Dividends paid | −CN¥3.6m | −CN¥42.0m | −CN¥180.2m | −CN¥328.5m | −CN¥463.1m | −CN¥109.1m | −CN¥392.0m | −CN¥381.6m | −CN¥263.2m | −CN¥118.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥539.5m | CN¥396.1m | CN¥425.6m | CN¥426.3m | CN¥467.5m | CN¥365.6m | CN¥309.7m | CN¥360.2m |
| Operating income | CN¥34.7m | CN¥23.5m | CN¥16.1m | CN¥14.3m | CN¥26.9m | CN¥11.5m | CN¥3.83bn | −CN¥235.7m |
| Net income | CN¥1.7m | CN¥827,627 | CN¥4.9m | CN¥6.5m | CN¥7.2m | CN¥4.1m | CN¥2.75bn | −CN¥403.8m |
| Diluted earnings per share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | -0.02 |
| Cash from operations | — | — | — | −CN¥56.0m | −CN¥96.0m | −CN¥194.0m | CN¥86.0m | −CN¥55.0m |
| Capital spending | −CN¥18.0m | −CN¥21.0m | — | −CN¥30.0m | −CN¥19.0m | −CN¥12.0m | −CN¥9.0m | −CN¥7.0m |
| Free cash flow | — | — | — | −CN¥86.0m | −CN¥115.0m | −CN¥206.0m | CN¥77.0m | −CN¥62.0m |
| Total assets | CN¥2.64bn | CN¥2.59bn | CN¥2.53bn | CN¥2.52bn | CN¥2.54bn | CN¥2.54bn | CN¥2.60bn | CN¥6.43bn |
| Cash and short-term investments | — | — | — | CN¥323.8m | CN¥444.4m | CN¥824.3m | CN¥239.2m | CN¥423.6m |
| Debt | CN¥26.4m | CN¥26.4m | CN¥38.4m | CN¥35.5m | CN¥64.6m | CN¥74.0m | CN¥83.0m | CN¥3.99bn |
| Shareholders' equity | CN¥1.87bn | CN¥1.87bn | CN¥1.87bn | CN¥1.87bn | CN¥1.87bn | CN¥1.86bn | CN¥1.86bn | −CN¥7.73bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.1% | 192.3% | -216.9% | -27.7% | 0.2% | -17.7% |
| Net margin | 1.3% | 114.5% | -261.1% | -29.1% | 0.5% | -18.2% |
| Return on equity | 1.2% | 81.9% | 168.1% | -63.2% | 0.9% | -35.2% |
| Return on assets | 0.9% | 58.4% | -158.3% | -14.9% | 0.3% | -10.2% |
| Free cash flow yield | 0.0% | -0.0% | 1.7% | 24.6% | 49.2% | 12.9% |
| Revenue growth | 27.0% | -71.3% | -61.1% | -26.6% | -5.4% | -7.9% |
| Earnings growth | -98.5% | -112.6% | 248.9% | -4614.5% | -102.5% | -401.9% |
| Current ratio | 2.73x | 3.56x | 0.26x | 0.93x | 1.23x | 1.18x |
| Debt to equity | 0.02x | 0.04x | -0.61x | 1.47x | 1.05x | 0.95x |
| Equity ratio | 74.1% | 71.3% | -94.2% | 23.6% | 30.5% | 28.9% |
| Interest coverage | 15.64x | 2.51x | -13.82x | -4.90x | 0.05x | -4.34x |
| R&D as a share of sales | 2.7% | 3.6% | 7.2% | 5.4% | 4.6% | 4.0% |
| Buybacks as a share of market value | 65.8% | -2.6% | -553.1% | -0.4% | 0.3% | -5.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -47.9% | -37.1% | -10.2% |
| Operating income | — | — | -9.1% |
| Net income | — | — | -20.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 87.6% | -54.7% | -25.9% | -7.0% |
| Net margin | 51.2% | -71.7% | -32.2% | -10.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 33.1 | -4.6 | -2.3 | 142.1 | -4.1 | 16.0 | 11.2 | 25.7 | 30.0 |
| Price to sales | 13.0 | 37.9 | 12.0 | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 2.0 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.035 | 0.044 | 0.038 | 0.042 | 0.008 | 0.007 | 0.033 | 0.02 |
- 2-for-1 split · 26 May 2017
- 3-for-2 split · 16 May 2012
- 3-for-2 split · 30 Apr 2009
- 6-for-5 split · 12 May 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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