J 
4.72
-0.21%
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¥6.51bn
FY2016FY2025
Net income
−CN¥204.3m
FY2016FY2025
Free cash flow
−CN¥753.0m
FY2016FY2025
Shareholders' equity
CN¥5.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.51bn | CN¥7.93bn | CN¥8.21bn | CN¥9.04bn | CN¥9.41bn | CN¥6.10bn | CN¥6.31bn | CN¥5.81bn | CN¥5.32bn | CN¥4.02bn |
| Gross profit | CN¥293.2m | CN¥1.08bn | CN¥1.44bn | CN¥1.62bn | CN¥2.54bn | CN¥580.8m | CN¥744.8m | CN¥643.1m | CN¥543.3m | CN¥251.3m |
| Research and development | CN¥83.6m | CN¥89.1m | CN¥101.7m | CN¥58.9m | CN¥63.4m | CN¥36.8m | CN¥36.9m | CN¥36.1m | CN¥24.0m | CN¥7.3m |
| Operating income | −CN¥164.9m | CN¥685.1m | CN¥971.9m | CN¥1.15bn | CN¥2.17bn | CN¥217.3m | CN¥280.4m | CN¥186.4m | CN¥103.4m | CN¥38.1m |
| Net income | −CN¥204.3m | CN¥521.4m | CN¥729.7m | CN¥872.1m | CN¥1.63bn | CN¥182.6m | CN¥201.6m | CN¥142.0m | CN¥57.3m | CN¥30.6m |
| Diluted earnings per share | -0.21 | 0.55 | 0.77 | 0.92 | 1.68 | 0.19 | 0.21 | 0.15 | 0.06 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.68bn | CN¥7.79bn | CN¥8.33bn | CN¥8.31bn | CN¥8.13bn | CN¥7.41bn | CN¥6.65bn | CN¥6.54bn | CN¥6.26bn | CN¥6.16bn |
| Cash and short-term investments | — | CN¥450.6m | CN¥807.8m | CN¥677.4m | CN¥650.4m | CN¥602.4m | CN¥483.2m | CN¥258.3m | CN¥312.3m | CN¥367.9m |
| Total liabilities | CN¥2.41bn | CN¥2.01bn | CN¥2.79bn | CN¥3.22bn | CN¥3.76bn | CN¥4.51bn | CN¥3.86bn | CN¥3.87bn | CN¥3.59bn | CN¥3.37bn |
| Debt | CN¥53.6m | CN¥109.2m | CN¥299.0m | CN¥610.2m | CN¥1.15bn | CN¥2.47bn | CN¥2.46bn | CN¥2.58bn | CN¥2.39bn | CN¥2.10bn |
| Shareholders' equity | CN¥5.23bn | CN¥5.73bn | CN¥5.48bn | CN¥4.99bn | CN¥4.31bn | CN¥2.84bn | CN¥2.73bn | CN¥2.63bn | CN¥2.64bn | CN¥2.76bn |
| Shares outstanding | 954m | 952m | 952m | 953m | 972m | 949m | 953m | 954m | 956m | 959m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥168.9m | CN¥380.3m | CN¥881.9m | CN¥1.24bn | CN¥1.80bn | CN¥538.9m | CN¥344.7m | CN¥26.0m | −CN¥41.2m | CN¥374.1m |
| Capital spending | −CN¥584.1m | −CN¥275.6m | −CN¥227.9m | −CN¥65.9m | −CN¥198.6m | −CN¥89.8m | −CN¥50.8m | −CN¥57.0m | −CN¥128.4m | −CN¥424.6m |
| Free cash flow | −CN¥753.0m | CN¥104.6m | CN¥654.0m | CN¥1.17bn | CN¥1.60bn | CN¥449.1m | CN¥293.9m | −CN¥31.0m | −CN¥169.6m | −CN¥50.5m |
| Dividends paid | −CN¥293.6m | −CN¥295.3m | −CN¥309.3m | −CN¥285.7m | −CN¥94.2m | −CN¥215.0m | −CN¥95.2m | −CN¥185.9m | −CN¥166.3m | −CN¥175.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.19bn | CN¥1.83bn | CN¥1.62bn | CN¥1.67bn | CN¥1.45bn | CN¥1.77bn | CN¥1.66bn | CN¥2.04bn |
| Gross profit | CN¥207.9m | CN¥154.1m | CN¥28.9m | CN¥48.0m | CN¥87.1m | CN¥129.2m | CN¥75.1m | CN¥193.9m |
| Operating income | CN¥104.6m | CN¥56.8m | −CN¥92.8m | −CN¥33.0m | −CN¥27.0m | CN¥32.4m | −CN¥5.8m | CN¥97.3m |
| Net income | CN¥74.7m | CN¥48.4m | −CN¥195.9m | −CN¥19.4m | −CN¥17.6m | CN¥28.6m | −CN¥8.6m | CN¥78.9m |
| Diluted earnings per share | 0.08 | 0.05 | -0.21 | -0.02 | -0.02 | 0.03 | -0.01 | 0.08 |
| Cash from operations | — | — | — | CN¥58.0m | −CN¥234.0m | CN¥143.0m | — | CN¥50.0m |
| Capital spending | −CN¥21.0m | −CN¥13.0m | −CN¥21.0m | −CN¥84.0m | −CN¥6.0m | −CN¥484.0m | −CN¥68.0m | −CN¥42.0m |
| Free cash flow | — | — | — | −CN¥26.0m | −CN¥240.0m | −CN¥341.0m | — | CN¥8.0m |
| Total assets | CN¥7.64bn | CN¥7.81bn | CN¥7.68bn | CN¥7.79bn | CN¥7.66bn | CN¥7.95bn | CN¥7.79bn | CN¥7.82bn |
| Cash and short-term investments | — | — | — | CN¥444.0m | CN¥470.1m | CN¥510.8m | CN¥450.6m | CN¥521.9m |
| Debt | CN¥43.5m | CN¥43.5m | CN¥53.6m | CN¥703.4m | CN¥368.2m | CN¥81.4m | CN¥85.0m | CN¥75.2m |
| Shareholders' equity | CN¥5.26bn | CN¥5.28bn | CN¥5.23bn | CN¥5.43bn | CN¥5.45bn | CN¥5.75bn | CN¥5.73bn | CN¥5.73bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.6% | 13.7% | 17.5% | 17.9% | 27.0% | 9.5% |
| Operating margin | -4.4% | 8.6% | 11.9% | 12.7% | 23.5% | 5.1% |
| Net margin | -3.1% | 6.6% | 8.9% | 9.6% | 17.4% | 3.0% |
| Return on equity | -3.9% | 9.1% | 13.3% | 17.5% | 37.9% | 6.4% |
| Return on assets | -2.7% | 6.7% | 8.8% | 10.5% | 20.1% | 2.5% |
| Free cash flow yield | 7.6% | 12.0% | 20.2% | 23.8% | 35.6% | 11.5% |
| Revenue growth | -18.0% | -3.5% | -9.2% | -3.9% | 54.3% | -3.4% |
| Earnings growth | -139.2% | -28.5% | -16.3% | -46.6% | 794.4% | -9.4% |
| Current ratio | 0.91x | 1.43x | 1.24x | 1.08x | 0.84x | 0.58x |
| Debt to equity | 0.01x | 0.01x | 0.05x | 0.12x | 0.27x | 0.87x |
| Equity ratio | 68.1% | 73.5% | 65.8% | 60.1% | 53.1% | 38.3% |
| Interest coverage | -37.45x | 88.59x | 45.35x | 41.04x | 34.77x | 3.16x |
| R&D as a share of sales | 1.3% | 1.1% | 1.2% | 0.7% | 0.7% | 0.6% |
| Buybacks as a share of market value | -0.2% | 0.0% | 0.1% | 2.0% | -2.5% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | 1.3% | 4.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.5% | 14.0% | 16.0% | 13.9% |
| Operating margin | 3.6% | 8.3% | 10.6% | 7.8% |
| Net margin | 2.2% | 6.1% | 7.9% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -26.4 | 14.2 | 9.8 | 8.0 | 7.5 | 24.7 | 30.4 | 22.7 | 80.3 | 189.2 |
| Price to sales | 0.8 | 0.9 | 0.9 | 0.8 | 1.3 | 0.7 | 1.0 | 0.6 | 0.9 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.30 | 0.30 | 0.30 | 0.30 | 0.10 | 0.10 | 0.10 |
- 3-for-2 split · 10 Jun 2019
- 3-for-2 split · 23 Jun 2014
- 13-for-10 split · 25 Jun 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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