J 
6.90
-2.54%
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¥49.13bn
FY2016FY2025
Net income
−CN¥4.61bn
FY2016FY2025
Free cash flow
−CN¥764.1m
FY2016FY2025
Shareholders' equity
CN¥22.35bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥49.13bn | CN¥70.12bn | CN¥81.56bn | CN¥72.99bn | CN¥41.30bn | CN¥25.85bn | CN¥21.16bn | CN¥19.65bn | CN¥354.1m | CN¥322.8m |
| Research and development | CN¥784.0m | CN¥3.71bn | CN¥4.45bn | CN¥4.61bn | CN¥2.72bn | CN¥1.45bn | CN¥1.12bn | CN¥990.8m | CN¥222.3m | CN¥191.2m |
| Operating income | −CN¥4.16bn | −CN¥4.94bn | CN¥8.11bn | CN¥6.47bn | CN¥2.60bn | CN¥1.92bn | CN¥1.67bn | CN¥998.8m | −CN¥8.1m | CN¥1.60bn |
| Net income | −CN¥4.61bn | −CN¥4.66bn | CN¥7.04bn | CN¥5.53bn | CN¥2.04bn | CN¥1.51bn | CN¥1.25bn | CN¥719.1m | CN¥22.2m | CN¥20.1m |
| Diluted earnings per share | -1.41 | -1.42 | 2.16 | 1.65 | 0.64 | 0.50 | 0.59 | 0.28 | 0.01 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥105.01bn | CN¥112.96bn | CN¥106.59bn | CN¥72.44bn | CN¥56.97bn | CN¥37.92bn | CN¥28.53bn | CN¥23.62bn | CN¥1.43bn | CN¥1.34bn |
| Cash and short-term investments | — | CN¥27.69bn | CN¥18.49bn | CN¥12.18bn | CN¥14.23bn | CN¥10.22bn | CN¥5.76bn | CN¥4.01bn | CN¥236.5m | CN¥252.1m |
| Total liabilities | CN¥82.56bn | CN¥84.43bn | CN¥68.59bn | CN¥42.24bn | CN¥40.25bn | CN¥23.08bn | CN¥20.23bn | CN¥18.01bn | CN¥171.9m | CN¥105.7m |
| Debt | — | CN¥40.45bn | CN¥16.46bn | CN¥7.40bn | CN¥18.35bn | CN¥12.18bn | CN¥11.81bn | CN¥10.54bn | CN¥37.0m | CN¥8.0m |
| Shareholders' equity | CN¥22.35bn | CN¥27.90bn | CN¥35.12bn | CN¥27.53bn | CN¥16.49bn | CN¥14.66bn | CN¥7.99bn | CN¥5.33bn | CN¥1.26bn | CN¥1.24bn |
| Shares outstanding | 3,267m | 3,283m | 3,261m | 3,362m | 3,202m | 3,027m | 2,125m | 2,600m | 2,600m | 1,165m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥4.28bn | CN¥3.35bn | CN¥12.41bn | CN¥8.19bn | CN¥3.75bn | CN¥2.26bn | CN¥3.69bn | CN¥2.34bn | −CN¥31.4m | −CN¥5.0m |
| Capital spending | −CN¥5.04bn | −CN¥11.83bn | −CN¥17.88bn | −CN¥7.75bn | −CN¥5.42bn | −CN¥3.20bn | −CN¥1.89bn | −CN¥1.27bn | −CN¥18.8m | −CN¥9.5m |
| Free cash flow | −CN¥764.1m | −CN¥8.48bn | −CN¥5.46bn | CN¥433.6m | −CN¥1.67bn | −CN¥933.1m | CN¥1.80bn | CN¥1.07bn | −CN¥50.2m | −CN¥14.5m |
| Dividends paid | −CN¥686.3m | −CN¥1.85bn | −CN¥565.6m | −CN¥251.6m | −CN¥652.9m | −CN¥497.7m | −CN¥2.01bn | −CN¥583.5m | −CN¥10,654 | −CN¥435.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.28bn | CN¥9.22bn | CN¥12.32bn | CN¥12.90bn | CN¥13.23bn | CN¥10.67bn | CN¥15.77bn | CN¥16.99bn |
| Operating income | −CN¥736.9m | −CN¥740.6m | −CN¥826.9m | −CN¥964.1m | −CN¥1.41bn | −CN¥1.81bn | −CN¥4.17bn | CN¥487.8m |
| Net income | −CN¥1.60bn | −CN¥1.07bn | −CN¥1.06bn | −CN¥972.9m | −CN¥941.5m | −CN¥1.64bn | −CN¥4.17bn | CN¥389.8m |
| Diluted earnings per share | -0.49 | -0.33 | -0.32 | -0.30 | -0.29 | -0.50 | -1.27 | 0.12 |
| Cash from operations | — | — | — | CN¥224.0m | CN¥3.72bn | CN¥787.0m | CN¥3.11bn | CN¥2.15bn |
| Capital spending | −CN¥574.0m | −CN¥910.0m | −CN¥1.24bn | −CN¥1.70bn | −CN¥420.0m | −CN¥1.69bn | −CN¥429.0m | −CN¥3.10bn |
| Free cash flow | — | — | — | −CN¥1.48bn | CN¥3.30bn | −CN¥900.0m | CN¥2.68bn | −CN¥947.0m |
| Total assets | CN¥100.00bn | CN¥102.22bn | CN¥105.01bn | CN¥105.38bn | CN¥105.60bn | CN¥113.49bn | CN¥112.96bn | CN¥116.29bn |
| Cash and short-term investments | — | — | — | CN¥24.24bn | CN¥27.27bn | CN¥25.55bn | CN¥27.69bn | CN¥24.20bn |
| Debt | CN¥21.90bn | CN¥23.03bn | CN¥26.40bn | CN¥22.18bn | CN¥32.61bn | CN¥35.23bn | CN¥31.36bn | CN¥32.21bn |
| Shareholders' equity | CN¥19.76bn | CN¥21.29bn | CN¥22.35bn | CN¥23.17bn | CN¥24.80bn | CN¥26.21bn | CN¥27.90bn | CN¥31.73bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.5% | -7.0% | 9.9% | 8.9% | 6.3% | 7.4% |
| Net margin | -9.4% | -6.6% | 8.6% | 7.6% | 4.9% | 5.8% |
| Return on equity | -20.6% | -16.7% | 20.0% | 20.1% | 12.4% | 10.3% |
| Return on assets | -4.4% | -4.1% | 6.6% | 7.6% | 3.6% | 4.0% |
| Free cash flow yield | 41.7% | 67.6% | 135.8% | 69.3% | 41.9% | 26.4% |
| Revenue growth | -29.9% | -14.0% | 11.7% | 76.7% | 59.8% | 22.2% |
| Earnings growth | -1.0% | -166.1% | 27.2% | 171.4% | 35.3% | 20.3% |
| Current ratio | 1.21x | 1.10x | 0.98x | 1.09x | 0.97x | 1.14x |
| Debt to equity | 1.18x | 1.12x | 0.31x | 0.13x | 0.54x | 0.37x |
| Equity ratio | 21.3% | 24.7% | 32.9% | 38.0% | 29.0% | 38.6% |
| Interest coverage | -3.16x | -4.14x | 13.75x | 11.94x | 4.65x | 3.38x |
| R&D as a share of sales | 1.6% | 5.3% | 5.5% | 6.3% | 6.6% | 5.6% |
| Buybacks as a share of market value | 0.5% | -0.7% | 3.0% | -5.0% | -5.8% | -42.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.4% | 13.7% | 65.3% |
| Operating income | — | — | 29.8% |
| Net income | — | — | 30.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.6% | 2.0% | 2.9% | 3.6% |
| Net margin | -7.8% | 1.2% | 2.0% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.1 | -9.7 | 9.6 | 26.1 | 74.3 | 41.7 | 9.7 | 15.4 | — | — |
| Price to sales | 0.8 | 0.6 | 0.8 | 2.0 | 3.7 | 2.4 | 0.6 | 0.6 | 44.5 | 32.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 May 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.563 | 0.171 | 0.077 | 0.102 | 0.157 |
- 7-for-5 split · 25 Apr 2023
- 7-for-5 split · 17 Jun 2022
- 13-for-10 split · 24 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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