Z 
4.58
-0.43%
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¥323.1m
FY2016FY2025
Net income
CN¥96.3m
FY2016FY2025
Free cash flow
CN¥23.8m
FY2016FY2025
Shareholders' equity
CN¥1.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥323.1m | CN¥405.2m | CN¥420.6m | CN¥373.4m | CN¥315.1m | CN¥514.9m | CN¥708.0m | CN¥1.31bn | CN¥1.08bn | CN¥862.9m |
| Gross profit | CN¥107.0m | CN¥120.8m | CN¥132.1m | CN¥126.2m | CN¥104.9m | CN¥253.2m | CN¥224.2m | CN¥575.2m | CN¥482.5m | CN¥339.8m |
| Research and development | CN¥15.5m | CN¥14.6m | CN¥21.8m | CN¥26.1m | CN¥28.6m | CN¥37.3m | CN¥69.6m | CN¥57.2m | CN¥43.6m | CN¥27.0m |
| Operating income | −CN¥12.2m | CN¥28.2m | −CN¥63.5m | −CN¥116.6m | −CN¥199.3m | CN¥51.1m | −CN¥1.92bn | CN¥241.4m | CN¥237.2m | CN¥135.4m |
| Net income | CN¥96.3m | CN¥34.2m | −CN¥11.9m | −CN¥132.7m | −CN¥228.3m | CN¥27.3m | −CN¥1.92bn | CN¥207.8m | CN¥202.2m | CN¥125.3m |
| Diluted earnings per share | 0.13 | 0.04 | -0.02 | -0.26 | -0.42 | 0.05 | 101.05 | 0.40 | 0.39 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.28bn | CN¥1.40bn | CN¥1.43bn | CN¥1.52bn | CN¥1.61bn | CN¥1.96bn | CN¥2.27bn | CN¥3.54bn | CN¥2.85bn | CN¥2.43bn |
| Cash and short-term investments | — | CN¥743.9m | CN¥720.5m | CN¥757.6m | CN¥821.1m | CN¥902.9m | CN¥1.18bn | CN¥534.5m | CN¥766.9m | CN¥813.8m |
| Total liabilities | CN¥159.4m | CN¥429.6m | CN¥848.5m | CN¥1.22bn | CN¥1.18bn | CN¥1.30bn | CN¥1.64bn | CN¥1.16bn | CN¥569.6m | CN¥265.7m |
| Debt | — | CN¥30.1m | CN¥689.5m | CN¥951.8m | CN¥974.4m | CN¥1.01bn | CN¥1.05bn | CN¥263.8m | CN¥40.0m | — |
| Shareholders' equity | CN¥1.12bn | CN¥972.2m | CN¥580.9m | CN¥301.2m | CN¥433.0m | CN¥660.4m | CN¥633.1m | CN¥2.36bn | CN¥2.27bn | CN¥2.16bn |
| Shares outstanding | 718m | 886m | 731m | 514m | 538m | 578m | — | 519m | 515m | 568m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥28.9m | CN¥24.4m | CN¥14.7m | CN¥12.0m | −CN¥3.8m | CN¥17.8m | −CN¥55.7m | CN¥37.0m | CN¥127.6m | −CN¥38.0m |
| Capital spending | −CN¥5.1m | −CN¥9.9m | −CN¥7.5m | −CN¥21.1m | −CN¥15.8m | −CN¥39.1m | −CN¥294.8m | −CN¥630.9m | −CN¥282.7m | −CN¥75.9m |
| Free cash flow | CN¥23.8m | CN¥14.4m | CN¥7.2m | −CN¥9.1m | −CN¥19.6m | −CN¥21.3m | −CN¥350.6m | −CN¥593.9m | −CN¥155.1m | −CN¥114.0m |
| Dividends paid | −CN¥37.4m | −CN¥11.9m | −CN¥16.5m | −CN¥13.9m | −CN¥13.3m | −CN¥15.0m | −CN¥44.4m | −CN¥61.4m | −CN¥28.2m | −CN¥45.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥97.9m | CN¥59.6m | CN¥94.8m | CN¥76.2m | CN¥87.5m | CN¥64.6m | CN¥98.3m | CN¥84.9m |
| Gross profit | CN¥32.8m | CN¥21.2m | CN¥36.1m | CN¥27.8m | CN¥22.9m | CN¥20.2m | CN¥25.3m | CN¥26.6m |
| Operating income | CN¥7.8m | −CN¥468,500 | CN¥7.7m | −CN¥9.1m | CN¥114.4m | −CN¥8.0m | CN¥31.4m | −CN¥8.4m |
| Net income | CN¥2.2m | −CN¥2.6m | −CN¥887,185 | −CN¥8.0m | CN¥113.0m | −CN¥7.8m | CN¥37.7m | −CN¥8.9m |
| Diluted earnings per share | 0.00 | -0.00 | -0.00 | -0.01 | 0.16 | -0.01 | 0.04 | -0.01 |
| Cash from operations | — | — | — | −CN¥6.0m | CN¥16.0m | CN¥11.0m | — | — |
| Capital spending | −CN¥5.0m | −CN¥1.0m | — | −CN¥2.0m | −CN¥1.0m | — | −CN¥2.0m | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥8.0m | CN¥15.0m | — | — | — |
| Total assets | CN¥1.19bn | CN¥1.23bn | CN¥1.28bn | CN¥1.21bn | CN¥1.24bn | CN¥1.44bn | CN¥1.40bn | CN¥1.36bn |
| Cash and short-term investments | — | — | — | CN¥617.9m | CN¥625.2m | CN¥776.8m | CN¥743.9m | CN¥689.1m |
| Debt | — | — | — | CN¥15.3m | CN¥33.9m | CN¥30.0m | CN¥30.1m | CN¥606.6m |
| Shareholders' equity | CN¥1.12bn | CN¥1.12bn | CN¥1.12bn | CN¥1.12bn | CN¥1.13bn | CN¥997.9m | CN¥972.2m | CN¥625.4m |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.6% | 13.7% | 8.5% | 17.5% | 19.2% | 15.0% |
| Operating margin | 3.5% | 5.1% | -2.6% | -0.6% | -12.5% | -15.1% |
| Net margin | 1.1% | 1.6% | -3.3% | -5.5% | -14.8% | -14.8% |
| Return on equity | 8.0% | 14.2% | -32.4% | -164.5% | 492.1% | -204.7% |
| Return on assets | 0.9% | 1.2% | -2.6% | -10.1% | -13.7% | -19.5% |
| Free cash flow yield | 3.9% | 0.2% | 1.0% | 17.6% | -2.8% | 10.1% |
| Revenue growth | -3.7% | 0.7% | -63.6% | -15.2% | -40.4% | -22.1% |
| Earnings growth | -38.1% | -149.8% | -78.2% | -68.3% | -40.5% | 227.4% |
| Current ratio | 0.98x | 0.97x | 0.93x | 0.90x | 0.71x | 0.75x |
| Debt to equity | 2.13x | 0.56x | 2.69x | 0.14x | -3.15x | 1.88x |
| Equity ratio | 10.9% | 8.6% | 7.9% | 6.1% | -2.8% | 9.5% |
| Interest coverage | 6.27x | 10.34x | -7.90x | -0.23x | -4.09x | -10.03x |
| R&D as a share of sales | 0.9% | 1.2% | 1.5% | 3.1% | 3.9% | 2.6% |
| Buybacks as a share of market value | 0.4% | 0.2% | -0.5% | -0.1% | 0.2% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.7% | -8.9% | -3.5% |
| Operating income | -52.8% | — | — |
| Net income | — | 28.7% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.3% | 31.9% | 35.9% | 39.2% |
| Operating margin | 2.2% | -10.8% | -13.3% | -23.0% |
| Net margin | 17.9% | -0.9% | -9.1% | -22.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 54.5 | 78.9 | -264.2 | -19.0 | -10.6 | 79.5 | 0.1 | 41.5 | 36.6 | 66.4 |
| Price to sales | 16.3 | 6.7 | 7.5 | 6.8 | 7.7 | 4.2 | -0.2 | 6.6 | 6.8 | 9.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.10 | 0.05 | 0.05 | 0.05 | 0.01 | 0.04 | 0.044 |
- 2-for-1 split · 20 Sept 2017
- 17-for-10 split · 6 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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