P 
1.17
-0.85%
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¥2.02bn
FY2016FY2025
Net income
−CN¥1.19bn
FY2016FY2025
Free cash flow
−CN¥2.9m
FY2016FY2025
Shareholders' equity
CN¥420.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.02bn | CN¥3.06bn | CN¥4.05bn | CN¥4.24bn | CN¥4.05bn | CN¥4.82bn | CN¥2.71bn | CN¥5.33bn | CN¥5.25bn | CN¥3.91bn |
| Gross profit | CN¥78.0m | CN¥24.7m | CN¥390.0m | CN¥287.5m | CN¥412.3m | CN¥949.2m | CN¥156.1m | CN¥819.7m | CN¥1.19bn | CN¥641.1m |
| Research and development | CN¥123.1m | CN¥141.8m | CN¥177.2m | CN¥138.4m | CN¥191.6m | CN¥167.7m | CN¥113.5m | CN¥186.9m | CN¥159.2m | CN¥144.3m |
| Operating income | −CN¥174.3m | −CN¥1.59bn | −CN¥974.6m | −CN¥725.5m | −CN¥839.8m | CN¥515.9m | −CN¥756.7m | CN¥91.1m | CN¥383.6m | CN¥52.5m |
| Net income | −CN¥1.19bn | −CN¥1.58bn | −CN¥939.9m | −CN¥691.0m | −CN¥751.9m | CN¥44.2m | −CN¥981.5m | CN¥50.2m | CN¥304.3m | CN¥120.8m |
| Diluted earnings per share | -0.71 | -0.86 | -0.48 | -0.38 | -0.91 | 0.04 | -0.74 | 0.04 | 0.19 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥17.53bn | CN¥18.23bn | CN¥18.89bn | CN¥18.61bn | CN¥17.68bn | CN¥16.45bn | CN¥17.20bn | CN¥17.64bn | CN¥15.68bn | CN¥13.66bn |
| Cash and short-term investments | — | CN¥696.9m | CN¥403.3m | CN¥521.0m | CN¥731.8m | CN¥1.18bn | CN¥1.30bn | CN¥1.30bn | CN¥1.12bn | CN¥1.62bn |
| Total liabilities | CN¥16.93bn | CN¥16.38bn | CN¥15.40bn | CN¥14.20bn | CN¥13.74bn | CN¥11.72bn | CN¥12.44bn | CN¥11.91bn | CN¥9.90bn | CN¥9.11bn |
| Debt | — | CN¥1.98bn | CN¥1.88bn | CN¥3.84bn | CN¥3.17bn | CN¥4.01bn | CN¥5.37bn | CN¥4.88bn | CN¥4.86bn | CN¥5.01bn |
| Shareholders' equity | CN¥420.9m | CN¥1.66bn | CN¥3.29bn | CN¥4.20bn | CN¥3.80bn | CN¥4.56bn | CN¥4.58bn | CN¥5.54bn | CN¥5.50bn | CN¥4.27bn |
| Shares outstanding | 1,679m | 1,843m | 1,955m | 1,832m | 824m | 1,040m | 1,322m | 1,332m | 1,639m | 1,125m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥47.9m | CN¥571.6m | CN¥68.5m | CN¥177.3m | −CN¥339.3m | CN¥90.7m | −CN¥242.3m | CN¥222.3m | CN¥226.1m | CN¥67.0m |
| Capital spending | −CN¥50.8m | −CN¥8.4m | −CN¥41.8m | −CN¥7.2m | −CN¥15.9m | −CN¥236.2m | −CN¥170.7m | −CN¥178.2m | −CN¥73.8m | −CN¥216.1m |
| Free cash flow | −CN¥2.9m | CN¥563.2m | CN¥26.7m | CN¥170.1m | −CN¥355.2m | −CN¥145.6m | −CN¥413.0m | CN¥44.1m | CN¥152.3m | −CN¥149.0m |
| Dividends paid | −CN¥296.4m | −CN¥286.8m | −CN¥403.6m | −CN¥398.2m | −CN¥366.8m | −CN¥433.3m | −CN¥395.6m | −CN¥372.3m | −CN¥360.7m | −CN¥252.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥848.9m | CN¥262.7m | CN¥72.8m | CN¥320.2m | CN¥877.0m | CN¥747.7m | CN¥692.4m | CN¥791.2m |
| Gross profit | CN¥47.9m | CN¥30.6m | −CN¥71.4m | −CN¥6.5m | CN¥114.6m | CN¥41.3m | −CN¥173.9m | CN¥53.7m |
| Operating income | −CN¥4.1m | −CN¥22.1m | −CN¥118.6m | −CN¥249.9m | −CN¥124.1m | −CN¥56.9m | −CN¥999.4m | −CN¥105.1m |
| Net income | −CN¥136.5m | −CN¥126.7m | −CN¥675.9m | −CN¥241.3m | −CN¥111.6m | −CN¥161.8m | −CN¥992.2m | −CN¥223.5m |
| Diluted earnings per share | -0.08 | -0.08 | -0.40 | -0.14 | -0.07 | -0.10 | -0.54 | -0.12 |
| Cash from operations | — | — | — | CN¥128.0m | −CN¥226.0m | CN¥61.0m | — | CN¥128.0m |
| Capital spending | −CN¥1.0m | −CN¥7.0m | −CN¥23.0m | −CN¥19.0m | −CN¥4.0m | −CN¥3.0m | — | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥109.0m | −CN¥230.0m | CN¥58.0m | — | CN¥125.0m |
| Total assets | CN¥16.91bn | CN¥16.94bn | CN¥17.53bn | CN¥18.44bn | CN¥18.55bn | CN¥18.23bn | CN¥18.23bn | CN¥19.31bn |
| Cash and short-term investments | — | — | — | CN¥786.7m | CN¥616.5m | CN¥640.4m | CN¥543.3m | CN¥669.7m |
| Debt | — | — | — | CN¥1.74bn | CN¥1.84bn | CN¥1.91bn | CN¥1.97bn | CN¥2.23bn |
| Shareholders' equity | CN¥162.7m | CN¥297.1m | CN¥420.9m | CN¥1.14bn | CN¥1.39bn | CN¥1.50bn | CN¥1.66bn | CN¥2.65bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 98.4% | 90.5% | 80.2% | 66.6% | 61.9% | 76.9% | — | — | — | — | — | — |
| Operating margin | 81.3% | 4.9% | 17.9% | 16.3% | 14.7% | 13.5% | — | — | — | — | — | — |
| Net margin | 11.8% | 4.8% | 4.6% | 3.2% | 7.0% | 7.8% | — | — | — | — | — | — |
| Return on equity | 5.0% | 5.2% | 5.2% | 3.3% | 7.5% | 6.1% | — | — | — | — | — | — |
| Return on assets | 0.7% | 0.8% | 0.8% | 0.5% | 1.3% | 1.2% | — | — | — | — | — | — |
| Free cash flow yield | 91.6% | 69.3% | 34.0% | 40.2% | 46.1% | 31.3% | — | — | — | — | — | — |
| Revenue growth | -62.0% | 13.3% | 19.8% | -5.6% | 45.2% | 20.5% | — | — | — | — | — | — |
| Earnings growth | -6.4% | 18.6% | 71.0% | -56.5% | 30.3% | 61.5% | — | — | — | — | — | — |
| Current ratio | 1.87x | 1.63x | 1.60x | 1.52x | 1.53x | 1.70x | — | — | — | — | — | — |
| Debt to equity | 0.09x | 0.26x | 0.45x | 0.60x | 0.43x | 0.29x | — | — | — | — | — | — |
| Equity ratio | 13.1% | 15.2% | 15.6% | 15.6% | 17.9% | 20.3% | — | — | — | — | — | — |
| Interest coverage | — | — | — | — | — | — | 10.12x | 22.52x | -3.50x | 1.12x | -8.12x | -1.66x |
| R&D as a share of sales | 0.2% | 0.1% | 0.2% | 0.1% | 0.1% | 0.2% | — | — | — | — | — | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -0.1% | 0.1% | -0.1% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.0% | -16.0% | -7.5% |
| Operating income | -37.8% | — | -1.1% |
| Net income | 19.9% | — | 18.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.0% | 5.8% | 9.6% | 13.0% |
| Operating margin | -34.7% | -25.9% | -17.0% | -9.6% |
| Net margin | -54.5% | -32.9% | -23.0% | -13.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.4 | -2.4 | -5.3 | -7.7 | -3.6 | 75.2 | -4.1 | 94.7 | 45.3 | 85.3 |
| Price to sales | 2.0 | 1.3 | 1.2 | 1.3 | 0.7 | 0.7 | 1.5 | 0.9 | 2.6 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jun 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.02 | 0.028 | 0.052 | 0.017 | 0.017 | 0.017 | 0.042 |
- 5-for-2 split · 6 May 2016
- 6-for-5 split · 22 May 2013
- 2-for-1 split · 18 Apr 2011
- 8-for-5 split · 21 Oct 2010
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.