Z 
3.77
+1.62%
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¥2.83bn
FY2016FY2025
Net income
CN¥25.1m
FY2016FY2025
Free cash flow
−CN¥190.9m
FY2016FY2025
Shareholders' equity
CN¥1.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.83bn | CN¥2.62bn | CN¥2.30bn | CN¥3.15bn | CN¥2.38bn | CN¥2.35bn | CN¥2.01bn | CN¥2.49bn | CN¥4.95bn | CN¥2.81bn |
| Gross profit | CN¥308.5m | CN¥238.5m | CN¥202.7m | CN¥244.1m | CN¥201.2m | CN¥248.7m | CN¥109.9m | CN¥228.0m | CN¥822.1m | CN¥579.6m |
| Research and development | CN¥47.5m | CN¥27.9m | CN¥18.3m | CN¥16.2m | CN¥22.2m | CN¥33.5m | CN¥39.1m | CN¥58.5m | CN¥70.4m | CN¥42.7m |
| Operating income | CN¥75.8m | −CN¥78.6m | CN¥34.3m | CN¥45.8m | CN¥57.0m | CN¥69.9m | −CN¥509.9m | −CN¥1.21bn | CN¥300.1m | CN¥241.5m |
| Net income | CN¥25.1m | −CN¥98.3m | CN¥21.8m | CN¥17.9m | CN¥37.4m | CN¥21.1m | −CN¥542.3m | −CN¥1.23bn | CN¥226.1m | CN¥190.8m |
| Diluted earnings per share | 0.02 | -0.09 | 0.02 | 0.02 | 0.02 | 0.03 | -0.48 | 22.42 | 0.19 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.34bn | CN¥3.10bn | CN¥2.65bn | CN¥3.18bn | CN¥2.67bn | CN¥3.36bn | CN¥4.24bn | CN¥5.70bn | CN¥9.60bn | CN¥7.31bn |
| Cash and short-term investments | — | CN¥186.0m | CN¥131.2m | CN¥401.2m | CN¥105.7m | CN¥102.1m | CN¥88.8m | CN¥128.9m | CN¥667.6m | CN¥561.0m |
| Total liabilities | CN¥1.71bn | CN¥1.49bn | CN¥1.13bn | CN¥1.69bn | CN¥1.17bn | CN¥1.93bn | CN¥2.90bn | CN¥3.81bn | CN¥7.18bn | CN¥5.10bn |
| Debt | CN¥109.0m | CN¥624.1m | CN¥449.1m | CN¥638.8m | CN¥314.5m | CN¥411.9m | CN¥786.2m | CN¥1.02bn | CN¥1.97bn | CN¥1.52bn |
| Shareholders' equity | CN¥1.45bn | CN¥1.42bn | CN¥1.52bn | CN¥1.50bn | CN¥1.51bn | CN¥1.44bn | CN¥1.36bn | CN¥1.89bn | CN¥2.23bn | CN¥2.07bn |
| Shares outstanding | 1,135m | 1,144m | 1,125m | 1,094m | 1,583m | 814m | 1,120m | — | 1,184m | 985m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥79.8m | CN¥43.6m | CN¥189.8m | CN¥19.3m | CN¥186.9m | CN¥127.8m | CN¥202.7m | −CN¥411.4m | −CN¥1.73bn | −CN¥2.33bn |
| Capital spending | −CN¥111.0m | −CN¥48.8m | −CN¥39.3m | −CN¥56.0m | −CN¥26.7m | −CN¥19.2m | −CN¥172.0m | −CN¥171.3m | −CN¥63.7m | −CN¥99.8m |
| Free cash flow | −CN¥190.9m | −CN¥5.2m | CN¥150.5m | −CN¥36.7m | CN¥160.2m | CN¥108.6m | CN¥30.6m | −CN¥582.7m | −CN¥1.79bn | −CN¥2.43bn |
| Dividends paid | −CN¥16.7m | −CN¥16.7m | −CN¥23.3m | −CN¥37.8m | −CN¥27.9m | −CN¥37.0m | −CN¥40.9m | −CN¥88.2m | −CN¥93.5m | −CN¥90.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥754.6m | CN¥622.9m | CN¥896.3m | CN¥750.1m | CN¥471.4m | CN¥712.1m | CN¥895.8m | CN¥574.9m |
| Gross profit | CN¥64.8m | CN¥53.0m | CN¥130.1m | CN¥68.8m | CN¥47.2m | CN¥62.4m | CN¥87.1m | CN¥40.2m |
| Operating income | CN¥8.0m | CN¥4.4m | CN¥51.3m | CN¥8.3m | −CN¥4.9m | CN¥16.4m | −CN¥68.3m | −CN¥14.4m |
| Net income | CN¥3.5m | CN¥4.8m | CN¥11.2m | CN¥4.9m | −CN¥3.6m | CN¥12.5m | −CN¥88.4m | −CN¥11.0m |
| Diluted earnings per share | 0.00 | 0.00 | 0.01 | 0.00 | -0.00 | 0.01 | -0.08 | -0.01 |
| Cash from operations | — | — | — | −CN¥86.0m | CN¥14.0m | −CN¥91.0m | — | −CN¥87.0m |
| Capital spending | −CN¥152.0m | −CN¥76.0m | −CN¥35.0m | −CN¥31.0m | −CN¥35.0m | −CN¥8.0m | −CN¥12.0m | −CN¥12.0m |
| Free cash flow | — | — | — | −CN¥117.0m | −CN¥21.0m | −CN¥99.0m | — | −CN¥99.0m |
| Total assets | CN¥3.68bn | CN¥3.47bn | CN¥3.34bn | CN¥3.23bn | CN¥3.02bn | CN¥3.03bn | CN¥3.10bn | CN¥2.70bn |
| Cash and short-term investments | — | — | — | CN¥175.9m | CN¥189.4m | CN¥101.3m | CN¥186.0m | CN¥170.0m |
| Debt | CN¥344.0m | CN¥104.0m | CN¥109.0m | CN¥665.3m | CN¥673.2m | CN¥604.4m | CN¥574.3m | CN¥400.8m |
| Shareholders' equity | CN¥1.46bn | CN¥1.46bn | CN¥1.45bn | CN¥1.44bn | CN¥1.44bn | CN¥1.43bn | CN¥1.42bn | CN¥1.51bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.9% | 9.1% | 8.8% | 7.7% | 8.5% | 10.6% |
| Operating margin | 2.2% | -2.3% | 2.6% | 2.1% | 3.4% | 4.7% |
| Net margin | 0.9% | -3.8% | 0.9% | 0.6% | 1.6% | 0.9% |
| Return on equity | 1.7% | -6.9% | 1.4% | 1.2% | 2.5% | 1.5% |
| Return on assets | 0.8% | -3.2% | 0.8% | 0.6% | 1.4% | 0.6% |
| Free cash flow yield | 0.7% | 2.0% | 5.0% | 1.7% | 3.3% | 4.5% |
| Revenue growth | 8.2% | 13.9% | -27.1% | 32.5% | 1.1% | 17.2% |
| Earnings growth | -125.5% | -551.6% | 21.5% | -52.1% | 77.0% | -103.9% |
| Current ratio | 1.41x | 1.48x | 1.54x | 1.33x | 1.36x | 1.15x |
| Debt to equity | 0.08x | 0.40x | 0.26x | 0.41x | 0.19x | 0.29x |
| Equity ratio | 43.4% | 45.9% | 57.5% | 47.1% | 56.5% | 42.8% |
| Interest coverage | 2.41x | -2.25x | 1.74x | 1.53x | 2.43x | 2.07x |
| R&D as a share of sales | 1.7% | 1.1% | 0.8% | 0.5% | 0.9% | 1.4% |
| Buybacks as a share of market value | 0.8% | -1.7% | -2.8% | 30.9% | -94.6% | 27.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.5% | 3.8% | 2.6% |
| Operating income | 18.3% | 1.6% | 1.8% |
| Net income | 11.9% | 3.5% | -12.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.0% | 9.1% | 9.2% | 11.7% |
| Operating margin | -0.1% | 0.7% | 1.3% | -3.0% |
| Net margin | -1.3% | -0.3% | 0.2% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 215.9 | -28.4 | 144.2 | 177.7 | 163.0 | 75.1 | -5.9 | 0.1 | 46.8 | 52.8 |
| Price to sales | 1.9 | 1.1 | 1.4 | 1.0 | 2.6 | 0.7 | 1.6 | -0.1 | 2.1 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 May 2018.
| FY2018 | FY2017 | FY2016 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.033 | 0.017 | 0.033 | 0.031 |
- 3-for-1 split · 19 May 2016
- 8-for-5 split · 10 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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