A 
10.96
+5.38%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥2.68bn
FY2016FY2025
Net income
−CN¥217.0m
FY2016FY2025
Free cash flow
CN¥69.1m
FY2016FY2025
Shareholders' equity
CN¥1.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.68bn | CN¥2.93bn | CN¥2.46bn | CN¥2.94bn | CN¥3.51bn | CN¥2.89bn | CN¥3.54bn | CN¥3.26bn | CN¥3.07bn | CN¥2.55bn |
| Gross profit | CN¥796.3m | CN¥841.3m | CN¥622.7m | CN¥793.1m | CN¥849.3m | CN¥789.2m | CN¥1.28bn | CN¥1.19bn | CN¥1.19bn | CN¥1.01bn |
| Research and development | CN¥160.7m | CN¥158.3m | CN¥148.6m | CN¥154.6m | CN¥180.0m | CN¥169.8m | CN¥173.3m | CN¥148.5m | CN¥129.9m | CN¥104.3m |
| Operating income | −CN¥135.4m | CN¥7.5m | −CN¥311.5m | −CN¥34.1m | −CN¥37.5m | CN¥129.1m | CN¥177.6m | CN¥150.7m | CN¥206.4m | CN¥166.4m |
| Net income | −CN¥217.0m | CN¥15.1m | −CN¥378.4m | −CN¥78.7m | −CN¥88.5m | CN¥102.7m | CN¥128.8m | CN¥148.7m | CN¥172.7m | CN¥137.4m |
| Diluted earnings per share | -0.45 | 0.04 | -1.15 | -0.36 | -0.15 | 0.29 | 0.34 | 0.39 | 0.49 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.58bn | CN¥4.79bn | CN¥4.71bn | CN¥5.20bn | CN¥5.88bn | CN¥5.51bn | CN¥5.22bn | CN¥4.66bn | CN¥4.34bn | CN¥3.46bn |
| Cash and short-term investments | — | CN¥368.4m | CN¥264.5m | CN¥428.4m | CN¥607.2m | CN¥703.4m | CN¥437.8m | CN¥541.9m | CN¥529.0m | CN¥408.3m |
| Total liabilities | CN¥3.19bn | CN¥3.16bn | CN¥3.06bn | CN¥3.15bn | CN¥3.70bn | CN¥3.24bn | CN¥3.05bn | CN¥2.42bn | CN¥2.09bn | CN¥1.32bn |
| Debt | CN¥317.1m | CN¥1.39bn | CN¥1.41bn | CN¥1.71bn | CN¥1.64bn | CN¥1.55bn | CN¥1.40bn | CN¥1.11bn | CN¥980.6m | CN¥350.0m |
| Shareholders' equity | CN¥1.40bn | CN¥1.66bn | CN¥1.67bn | CN¥2.06bn | CN¥2.17bn | CN¥2.25bn | CN¥2.15bn | CN¥2.22bn | CN¥2.21bn | CN¥2.11bn |
| Shares outstanding | 482m | 341m | 330m | 220m | 592m | 350m | 378m | 378m | 349m | 344m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥136.2m | CN¥177.9m | CN¥111.4m | −CN¥38.5m | CN¥235.4m | CN¥46.4m | CN¥25.5m | CN¥140.8m | CN¥107.1m | CN¥314.5m |
| Capital spending | −CN¥67.0m | −CN¥97.3m | −CN¥90.0m | −CN¥177.4m | −CN¥232.7m | −CN¥235.7m | −CN¥360.9m | −CN¥226.3m | −CN¥187.3m | −CN¥155.4m |
| Free cash flow | CN¥69.1m | CN¥80.6m | CN¥21.4m | −CN¥215.9m | CN¥2.8m | −CN¥189.2m | −CN¥335.4m | −CN¥85.5m | −CN¥80.2m | CN¥159.1m |
| Dividends paid | −CN¥64.1m | −CN¥60.4m | −CN¥63.4m | −CN¥60.7m | −CN¥96.1m | −CN¥62.4m | −CN¥104.9m | −CN¥103.6m | −CN¥97.1m | −CN¥10.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥653.1m | CN¥698.2m | CN¥722.5m | CN¥683.7m | CN¥635.1m | CN¥635.1m | CN¥811.8m | CN¥823.5m |
| Gross profit | CN¥183.2m | CN¥236.8m | CN¥186.3m | CN¥214.4m | CN¥197.8m | CN¥197.8m | CN¥213.9m | CN¥254.0m |
| Operating income | −CN¥64.4m | CN¥13.0m | −CN¥91.1m | −CN¥73.3m | CN¥2.5m | CN¥2.5m | CN¥3.3m | CN¥9.5m |
| Net income | −CN¥82.9m | −CN¥10.5m | −CN¥158.0m | −CN¥61.8m | CN¥1.4m | CN¥1.4m | CN¥13.4m | CN¥5.2m |
| Diluted earnings per share | -0.17 | -0.02 | -0.33 | -0.13 | 0.00 | 0.00 | 0.04 | 0.02 |
| Cash from operations | — | — | — | −CN¥84.0m | — | CN¥50.0m | — | −CN¥3.0m |
| Capital spending | −CN¥27.0m | −CN¥12.0m | −CN¥39.0m | −CN¥12.0m | −CN¥7.0m | −CN¥7.0m | −CN¥48.0m | −CN¥17.0m |
| Free cash flow | — | — | — | −CN¥96.0m | — | CN¥43.0m | — | −CN¥20.0m |
| Total assets | CN¥4.63bn | CN¥4.62bn | CN¥4.58bn | CN¥4.75bn | CN¥4.68bn | CN¥4.69bn | CN¥4.79bn | CN¥4.79bn |
| Cash and short-term investments | — | — | — | CN¥388.2m | CN¥454.3m | CN¥412.4m | CN¥368.4m | CN¥143.2m |
| Debt | CN¥323.1m | CN¥325.1m | CN¥317.1m | CN¥1.74bn | CN¥1.27bn | CN¥1.31bn | CN¥1.33bn | CN¥1.35bn |
| Shareholders' equity | CN¥1.31bn | CN¥1.38bn | CN¥1.40bn | CN¥1.60bn | CN¥1.65bn | CN¥1.66bn | CN¥1.66bn | CN¥1.67bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.8% | 28.8% | 25.3% | 27.0% | 24.2% | 27.3% |
| Operating margin | -5.0% | 2.4% | -12.6% | -1.1% | -0.9% | 5.9% |
| Net margin | -8.1% | 0.5% | -15.4% | -2.7% | -2.5% | 3.5% |
| Return on equity | -15.5% | 0.9% | -22.6% | -3.8% | -4.1% | 4.6% |
| Return on assets | -4.7% | 0.3% | -8.0% | -1.5% | -1.5% | 1.9% |
| Free cash flow yield | 4.2% | 8.0% | 6.0% | 6.2% | 7.8% | 8.0% |
| Revenue growth | -8.5% | 19.1% | -16.4% | -16.2% | 21.3% | -18.3% |
| Earnings growth | -1539.6% | -104.0% | 380.6% | -11.0% | -186.2% | -20.3% |
| Current ratio | 0.77x | 0.76x | 0.81x | 0.94x | 0.85x | 1.08x |
| Debt to equity | 0.23x | 0.80x | 0.80x | 0.79x | 0.71x | 0.61x |
| Equity ratio | 30.5% | 34.6% | 35.5% | 39.5% | 36.8% | 40.8% |
| Interest coverage | -2.03x | 1.08x | -4.55x | -0.46x | -0.42x | 2.66x |
| R&D as a share of sales | 6.0% | 5.4% | 6.0% | 5.3% | 5.1% | 5.9% |
| Buybacks as a share of market value | -41.4% | -3.3% | -50.1% | 62.9% | -69.2% | 7.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.1% | -1.5% | 1.8% |
| Operating income | 58.4% | — | — |
| Net income | 40.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.2% | 27.8% | 27.0% | 31.9% |
| Operating margin | -2.3% | -4.3% | -2.2% | 1.4% |
| Net margin | -3.6% | -6.0% | -3.7% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.1 | 320.3 | -7.5 | -21.6 | -48.0 | 26.5 | 24.9 | 19.8 | 25.0 | 36.6 |
| Price to sales | 2.3 | 1.6 | 1.1 | 0.6 | 1.2 | 0.9 | 0.9 | 0.9 | 1.4 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 5 Jun 2025.
| FY2025 | FY2021 | FY2019 | FY2018 | FY2017 | FY2015 | FY2014 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.075 | 0.15 | 0.15 | 0.20 | 0.346 | 0.154 | 0.154 |
- 13-for-10 split · 13 Oct 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.