C 
4.75
+1.71%
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¥18.11bn
FY2016FY2025
Net income
−CN¥729.7m
FY2016FY2025
Free cash flow
−CN¥658.3m
FY2016FY2025
Shareholders' equity
CN¥8.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥18.11bn | CN¥20.35bn | CN¥22.86bn | CN¥24.90bn | CN¥26.93bn | CN¥23.42bn | CN¥22.90bn | CN¥18.85bn | CN¥14.92bn | CN¥11.53bn |
| Gross profit | CN¥875.2m | CN¥1.55bn | CN¥2.59bn | CN¥2.64bn | CN¥2.81bn | CN¥2.70bn | CN¥2.40bn | CN¥1.71bn | CN¥1.33bn | CN¥1.27bn |
| Research and development | CN¥383.5m | CN¥505.1m | CN¥600.6m | CN¥603.3m | CN¥613.6m | CN¥575.1m | CN¥446.3m | CN¥325.5m | CN¥267.0m | CN¥193.1m |
| Operating income | −CN¥626.5m | −CN¥189.8m | CN¥1.03bn | CN¥1.01bn | CN¥1.21bn | CN¥1.17bn | CN¥989.1m | CN¥502.8m | CN¥387.3m | CN¥544.0m |
| Net income | −CN¥729.7m | −CN¥262.5m | CN¥644.9m | CN¥555.4m | CN¥844.8m | CN¥784.2m | CN¥660.7m | CN¥303.4m | CN¥105.7m | CN¥316.3m |
| Diluted earnings per share | -0.58 | -0.23 | 0.51 | 0.41 | 0.67 | 0.62 | 0.52 | 0.24 | 0.10 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥31.84bn | CN¥33.50bn | CN¥34.40bn | CN¥33.30bn | CN¥30.02bn | CN¥23.83bn | CN¥22.43bn | CN¥19.81bn | CN¥18.22bn | CN¥14.15bn |
| Cash and short-term investments | — | CN¥3.49bn | CN¥3.95bn | CN¥4.64bn | CN¥5.34bn | CN¥5.04bn | CN¥4.89bn | CN¥3.18bn | CN¥4.68bn | CN¥2.81bn |
| Total liabilities | CN¥22.10bn | CN¥22.78bn | CN¥23.33bn | CN¥22.87bn | CN¥18.56bn | CN¥13.78bn | CN¥13.21bn | CN¥12.82bn | CN¥11.51bn | CN¥9.50bn |
| Debt | CN¥574.4m | CN¥2.90bn | CN¥2.57bn | CN¥3.66bn | CN¥1.69bn | CN¥1.04bn | CN¥1.12bn | CN¥2.16bn | CN¥2.67bn | CN¥2.19bn |
| Shareholders' equity | CN¥8.58bn | CN¥9.48bn | CN¥9.93bn | CN¥9.56bn | CN¥9.15bn | CN¥7.83bn | CN¥7.15bn | CN¥6.51bn | CN¥6.30bn | CN¥4.28bn |
| Shares outstanding | 1,262m | 1,150m | 1,262m | 1,349m | 1,263m | 1,263m | 1,263m | 1,262m | 1,070m | 1,043m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥539.5m | CN¥538.4m | CN¥338.8m | CN¥309.2m | CN¥403.8m | CN¥633.1m | CN¥2.06bn | −CN¥992.9m | CN¥593.0m | CN¥923.3m |
| Capital spending | −CN¥118.8m | −CN¥330.6m | −CN¥372.3m | −CN¥192.2m | −CN¥204.1m | −CN¥326.5m | −CN¥340.9m | −CN¥207.8m | −CN¥214.3m | −CN¥135.5m |
| Free cash flow | −CN¥658.3m | CN¥207.7m | −CN¥33.5m | CN¥117.0m | CN¥199.7m | CN¥306.6m | CN¥1.72bn | −CN¥1.20bn | CN¥378.7m | CN¥787.8m |
| Dividends paid | −CN¥242.5m | −CN¥256.7m | −CN¥208.9m | −CN¥119.9m | −CN¥113.6m | −CN¥107.3m | −CN¥88.4m | −CN¥204.2m | −CN¥299.9m | −CN¥241.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.03bn | CN¥3.18bn | CN¥4.23bn | CN¥4.86bn | CN¥5.28bn | CN¥3.74bn | CN¥5.33bn | CN¥5.12bn |
| Gross profit | CN¥295.7m | CN¥37.8m | −CN¥36.5m | CN¥333.3m | CN¥546.3m | CN¥32.0m | CN¥276.1m | CN¥491.8m |
| Operating income | CN¥47.1m | −CN¥172.3m | −CN¥308.6m | −CN¥54.8m | CN¥246.8m | −CN¥290.7m | −CN¥259.5m | CN¥48.2m |
| Net income | CN¥17.3m | −CN¥225.4m | −CN¥531.9m | −CN¥101.6m | CN¥157.4m | −CN¥253.7m | −CN¥272.2m | CN¥4.1m |
| Diluted earnings per share | 0.01 | -0.18 | -0.42 | -0.08 | 0.12 | -0.20 | -0.24 | 0.00 |
| Cash from operations | — | — | — | −CN¥124.0m | CN¥385.0m | −CN¥1.30bn | — | −CN¥130.0m |
| Capital spending | −CN¥2.0m | −CN¥30.0m | −CN¥18.0m | −CN¥40.0m | −CN¥20.0m | −CN¥39.0m | −CN¥98.0m | −CN¥50.0m |
| Free cash flow | — | — | — | −CN¥164.0m | CN¥365.0m | −CN¥1.34bn | — | −CN¥180.0m |
| Total assets | CN¥31.21bn | CN¥32.48bn | CN¥31.84bn | CN¥34.41bn | CN¥33.83bn | CN¥33.25bn | CN¥33.50bn | CN¥36.03bn |
| Cash and short-term investments | — | — | — | CN¥1.91bn | CN¥2.31bn | CN¥2.16bn | CN¥3.49bn | CN¥2.04bn |
| Debt | CN¥1.54bn | CN¥1.58bn | CN¥574.4m | CN¥3.79bn | CN¥1.37bn | CN¥2.38bn | CN¥2.21bn | CN¥2.16bn |
| Shareholders' equity | CN¥8.36bn | CN¥8.35bn | CN¥8.58bn | CN¥8.52bn | CN¥9.22bn | CN¥9.23bn | CN¥9.48bn | CN¥9.77bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.8% | 7.6% | 11.3% | 10.6% | 10.4% | 11.5% |
| Operating margin | -3.4% | -0.2% | 4.5% | 4.0% | 4.7% | 5.0% |
| Net margin | -4.0% | -1.3% | 2.8% | 2.2% | 3.1% | 3.3% |
| Return on equity | -8.5% | -2.8% | 6.5% | 5.8% | 9.2% | 10.0% |
| Return on assets | -2.3% | -0.8% | 1.9% | 1.7% | 2.8% | 3.3% |
| Free cash flow yield | -7.0% | 16.0% | 11.9% | 7.9% | 10.2% | 16.1% |
| Revenue growth | -11.0% | -11.0% | -8.2% | -7.5% | 15.0% | 2.3% |
| Earnings growth | 178.0% | -140.7% | 16.1% | -34.3% | 7.7% | 18.7% |
| Current ratio | 1.27x | 1.37x | 1.36x | 1.38x | 1.49x | 1.49x |
| Debt to equity | 0.07x | 0.23x | 0.18x | 0.27x | 0.09x | 0.04x |
| Equity ratio | 26.9% | 28.3% | 28.9% | 28.7% | 30.5% | 32.8% |
| Interest coverage | -4.98x | -0.26x | 5.79x | 7.62x | 13.33x | 21.04x |
| R&D as a share of sales | 2.1% | 2.5% | 2.6% | 2.4% | 2.3% | 2.5% |
| Buybacks as a share of market value | -9.8% | 8.9% | 6.4% | -6.8% | -0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.1% | -5.0% | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.3% | 8.9% | 9.6% | 9.9% |
| Operating margin | -2.1% | 1.4% | 2.6% | 3.0% |
| Net margin | -2.6% | 0.2% | 1.3% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.6 | -28.8 | 12.7 | 17.6 | 12.0 | 14.1 | 21.6 | 36.8 | 177.3 | 24.5 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 1.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 26 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.125 | 0.115 | 0.095 | 0.095 | 0.09 | 0.085 | 0.07 | 0.07 |
- 2-for-1 split · 4 May 2016
- 1.29-for-1 split · 22 May 2013
- 3-for-2 split · 1 Jul 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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