B 
5.56
-1.42%
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¥5.74bn
FY2016FY2025
Net income
−CN¥758.9m
FY2016FY2025
Free cash flow
−CN¥95.3m
FY2016FY2025
Shareholders' equity
CN¥7.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.74bn | CN¥6.25bn | CN¥4.93bn | CN¥4.90bn | CN¥8.11bn | CN¥7.87bn | CN¥3.48bn | CN¥2.65bn | CN¥1.58bn | CN¥1.29bn |
| Research and development | CN¥254.4m | CN¥341.9m | CN¥290.8m | CN¥352.5m | CN¥438.5m | CN¥291.4m | CN¥197.5m | CN¥133.5m | CN¥49.7m | CN¥39.6m |
| Operating income | −CN¥409.6m | −CN¥416.6m | −CN¥464.5m | −CN¥309.2m | CN¥1.39bn | CN¥2.04bn | CN¥649.1m | CN¥363.7m | CN¥257.7m | CN¥216.9m |
| Net income | −CN¥758.9m | −CN¥445.6m | −CN¥568.4m | −CN¥372.3m | CN¥1.16bn | CN¥1.76bn | CN¥490.3m | CN¥346.7m | CN¥200.9m | CN¥181.1m |
| Diluted earnings per share | -0.77 | -0.42 | -0.56 | -0.40 | 1.07 | 1.80 | 0.51 | 0.37 | 0.43 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.76bn | CN¥16.80bn | CN¥15.63bn | CN¥15.87bn | CN¥16.91bn | CN¥17.03bn | CN¥13.26bn | CN¥12.70bn | CN¥1.84bn | CN¥1.59bn |
| Cash and short-term investments | — | CN¥2.27bn | CN¥1.59bn | CN¥2.53bn | CN¥3.49bn | CN¥4.82bn | CN¥2.25bn | CN¥1.89bn | CN¥238.6m | CN¥288.8m |
| Total liabilities | CN¥7.30bn | CN¥7.00bn | CN¥6.08bn | CN¥5.32bn | CN¥6.38bn | CN¥7.22bn | CN¥4.80bn | CN¥4.90bn | CN¥408.7m | CN¥287.0m |
| Debt | CN¥617.3m | CN¥3.15bn | CN¥2.37bn | CN¥3.21bn | CN¥3.73bn | CN¥5.56bn | CN¥3.68bn | CN¥3.71bn | CN¥61.3m | CN¥59.4m |
| Shareholders' equity | CN¥7.17bn | CN¥8.19bn | CN¥9.55bn | CN¥10.55bn | CN¥10.54bn | CN¥9.82bn | CN¥8.43bn | CN¥7.80bn | CN¥1.43bn | CN¥1.30bn |
| Shares outstanding | 990m | 1,053m | 1,011m | 924m | 1,083m | 975m | 959m | 946m | 467m | 479m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥457.7m | CN¥135.8m | −CN¥72.9m | CN¥494.5m | CN¥2.25bn | CN¥3.67bn | CN¥782.8m | CN¥649.4m | CN¥227.6m | CN¥163.9m |
| Capital spending | −CN¥553.0m | −CN¥774.3m | −CN¥774.1m | −CN¥896.9m | −CN¥2.58bn | −CN¥1.20bn | −CN¥356.7m | −CN¥441.1m | −CN¥255.7m | −CN¥99.7m |
| Free cash flow | −CN¥95.3m | −CN¥638.4m | −CN¥847.0m | −CN¥402.4m | −CN¥336.2m | CN¥2.47bn | CN¥426.1m | CN¥208.3m | −CN¥28.2m | CN¥64.2m |
| Dividends paid | −CN¥168.4m | −CN¥177.4m | −CN¥513.8m | −CN¥61.0m | −CN¥402.7m | −CN¥96.4m | −CN¥38.6m | −CN¥156.3m | −CN¥100.5m | −CN¥97.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.08bn | CN¥1.62bn | CN¥1.56bn | CN¥1.40bn | CN¥1.30bn | CN¥1.48bn | CN¥1.60bn | CN¥1.65bn |
| Operating income | CN¥394.4m | CN¥152.5m | CN¥3.6m | −CN¥154.2m | −CN¥263.2m | CN¥71.5m | −CN¥188.0m | CN¥26.8m |
| Net income | CN¥94.7m | CN¥962,845 | −CN¥473.0m | −CN¥151.2m | −CN¥211.8m | CN¥77.0m | −CN¥225.8m | −CN¥59.6m |
| Diluted earnings per share | 0.10 | 0.00 | -0.48 | -0.15 | -0.21 | 0.08 | -0.21 | -0.06 |
| Cash from operations | — | — | — | −CN¥63.0m | CN¥137.0m | CN¥197.0m | — | CN¥49.0m |
| Capital spending | −CN¥85.0m | −CN¥131.0m | −CN¥33.0m | −CN¥106.0m | −CN¥143.0m | −CN¥269.0m | −CN¥112.0m | −CN¥211.0m |
| Free cash flow | — | — | — | −CN¥169.0m | −CN¥6.0m | −CN¥72.0m | — | −CN¥162.0m |
| Total assets | CN¥15.47bn | CN¥16.12bn | CN¥16.76bn | CN¥16.46bn | CN¥16.84bn | CN¥17.32bn | CN¥16.80bn | CN¥16.98bn |
| Cash and short-term investments | — | — | — | CN¥2.20bn | CN¥2.55bn | CN¥2.77bn | CN¥2.27bn | CN¥2.48bn |
| Debt | CN¥647.8m | CN¥654.7m | CN¥617.3m | CN¥4.46bn | CN¥1.08bn | CN¥2.76bn | CN¥3.14bn | CN¥3.38bn |
| Shareholders' equity | CN¥7.13bn | CN¥7.09bn | CN¥7.17bn | CN¥7.89bn | CN¥8.08bn | CN¥8.26bn | CN¥8.19bn | CN¥8.84bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -6.8% | -1.9% | -8.9% | -5.6% | 18.3% | 28.1% |
| Net margin | -13.2% | -7.1% | -11.5% | -7.6% | 14.3% | 22.3% |
| Return on equity | -10.6% | -5.4% | -6.0% | -3.5% | 11.0% | 17.9% |
| Return on assets | -4.5% | -2.7% | -3.6% | -2.3% | 6.8% | 10.3% |
| Free cash flow yield | 15.0% | 12.7% | 10.2% | 22.2% | 65.6% | 73.7% |
| Revenue growth | -8.2% | 26.9% | 0.5% | -39.6% | 3.0% | 126.4% |
| Earnings growth | 70.3% | -21.6% | 52.7% | -132.2% | -34.3% | 258.7% |
| Current ratio | 0.85x | 1.77x | 0.96x | 1.94x | 1.99x | 1.96x |
| Debt to equity | 0.09x | 0.38x | 0.25x | 0.28x | 0.28x | 0.38x |
| Equity ratio | 42.7% | 48.7% | 61.1% | 66.5% | 62.3% | 57.6% |
| Interest coverage | -1.43x | -0.42x | -2.38x | -2.04x | 10.77x | 11.38x |
| R&D as a share of sales | 4.4% | 5.5% | 5.9% | 7.2% | 5.4% | 3.7% |
| Buybacks as a share of market value | 6.0% | -4.2% | -9.4% | 14.7% | -11.1% | -1.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.4% | -6.1% | 14.3% |
| Operating income | 9.8% | — | — |
| Net income | 26.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.9% | -7.3% | 4.8% | 7.3% |
| Net margin | -10.0% | -9.8% | 2.0% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.3 | -12.1 | -11.9 | -19.3 | 15.3 | 11.7 | 23.7 | 40.5 | 28.3 | 32.2 |
| Price to sales | 1.0 | 0.9 | 1.4 | 1.5 | 2.2 | 2.6 | 3.4 | 5.3 | 3.6 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2023.
| FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.40 | 0.10 | 0.04 | 0.20 | 0.20 | 0.20 | 0.10 |
- 2-for-1 split · 17 May 2016
- 2-for-1 split · 30 May 2012
- 3-for-2 split · 30 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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