T 
35.96
-3.23%
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¥10.35bn
FY2016FY2025
Net income
CN¥462.6m
FY2016FY2025
Free cash flow
−CN¥599.1m
FY2016FY2025
Shareholders' equity
CN¥42.36bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.35bn | CN¥13.06bn | CN¥40.50bn | CN¥40.45bn | CN¥7.66bn | CN¥3.24bn | CN¥4.84bn | CN¥6.24bn | CN¥5.47bn | CN¥3.90bn |
| Research and development | CN¥35.2m | CN¥43.6m | CN¥30.4m | CN¥26.7m | CN¥18.8m | CN¥24.3m | CN¥48.4m | CN¥49.0m | CN¥25.2m | CN¥6.4m |
| Operating income | CN¥3.08bn | CN¥1.43bn | CN¥36.30bn | CN¥39.91bn | CN¥3.99bn | CN¥772.4m | −CN¥4.54bn | CN¥3.54bn | CN¥3.49bn | CN¥2.21bn |
| Net income | CN¥462.6m | −CN¥7.90bn | CN¥7.30bn | CN¥24.12bn | CN¥2.08bn | −CN¥1.83bn | −CN¥5.98bn | CN¥2.20bn | CN¥2.15bn | CN¥1.51bn |
| Diluted earnings per share | 0.28 | -4.82 | 4.45 | 14.68 | 1.40 | -1.26 | -4.65 | 1.60 | 1.62 | 1.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥73.07bn | CN¥68.68bn | CN¥73.23bn | CN¥70.85bn | CN¥44.17bn | CN¥42.31bn | CN¥46.60bn | CN¥44.63bn | CN¥17.84bn | CN¥11.21bn |
| Cash and short-term investments | CN¥5.71bn | CN¥6.42bn | CN¥9.60bn | CN¥12.46bn | CN¥1.99bn | CN¥994.1m | CN¥4.49bn | CN¥2.00bn | CN¥5.52bn | CN¥1.51bn |
| Total liabilities | CN¥21.11bn | CN¥19.50bn | CN¥18.99bn | CN¥17.78bn | CN¥26.01bn | CN¥34.88bn | CN¥37.69bn | CN¥32.70bn | CN¥7.20bn | CN¥5.41bn |
| Debt | — | CN¥15.02bn | CN¥11.76bn | CN¥8.82bn | CN¥22.05bn | CN¥30.34bn | CN¥34.49bn | CN¥30.48bn | CN¥5.14bn | CN¥4.01bn |
| Shareholders' equity | CN¥42.36bn | CN¥41.89bn | CN¥51.52bn | CN¥48.49bn | CN¥12.76bn | CN¥5.20bn | CN¥6.96bn | CN¥10.14bn | CN¥9.07bn | CN¥4.59bn |
| Shares outstanding | 1,639m | 1,639m | 1,639m | 1,643m | 1,482m | 1,453m | 1,286m | 1,372m | 1,321m | 1,312m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.00bn | CN¥5.55bn | CN¥22.69bn | CN¥20.30bn | CN¥2.09bn | CN¥696.4m | CN¥2.35bn | CN¥3.62bn | CN¥3.09bn | CN¥1.78bn |
| Capital spending | −CN¥3.60bn | −CN¥4.52bn | −CN¥4.44bn | −CN¥1.72bn | −CN¥1.01bn | −CN¥962.9m | −CN¥3.74bn | −CN¥3.43bn | −CN¥1.56bn | −CN¥262.2m |
| Free cash flow | −CN¥599.1m | CN¥1.03bn | CN¥18.25bn | CN¥18.58bn | CN¥1.09bn | −CN¥266.4m | −CN¥1.38bn | CN¥192.4m | CN¥1.54bn | CN¥1.51bn |
| Dividends paid | −CN¥752.0m | −CN¥2.93bn | −CN¥5.58bn | −CN¥1.22bn | −CN¥1.16bn | −CN¥800.5m | −CN¥1.43bn | −CN¥512.1m | −CN¥334.2m | −CN¥142.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.11bn | CN¥5.13bn | CN¥2.95bn | CN¥2.56bn | CN¥2.25bn | CN¥2.58bn | CN¥3.00bn | CN¥3.65bn |
| Operating income | CN¥4.51bn | CN¥3.07bn | CN¥954.3m | CN¥736.5m | CN¥443.1m | CN¥1.10bn | CN¥52.3m | CN¥1.68bn |
| Net income | CN¥2.37bn | CN¥1.88bn | CN¥282.7m | CN¥95.5m | −CN¥19.9m | CN¥104.3m | −CN¥2.20bn | −CN¥495.6m |
| Diluted earnings per share | 1.44 | 1.14 | 0.17 | 0.06 | -0.01 | 0.06 | -1.34 | -0.30 |
| Cash from operations | — | — | — | CN¥405.0m | CN¥868.0m | CN¥955.0m | CN¥1.36bn | CN¥1.96bn |
| Capital spending | −CN¥458.0m | −CN¥621.0m | −CN¥1.12bn | −CN¥670.0m | −CN¥924.0m | −CN¥886.0m | −CN¥860.0m | −CN¥1.23bn |
| Free cash flow | — | — | — | −CN¥265.0m | −CN¥56.0m | CN¥69.0m | CN¥496.0m | CN¥723.0m |
| Total assets | CN¥83.11bn | CN¥79.44bn | CN¥72.11bn | CN¥73.96bn | CN¥73.60bn | CN¥71.93bn | CN¥68.68bn | CN¥70.36bn |
| Cash and short-term investments | — | — | — | CN¥8.05bn | CN¥8.85bn | CN¥9.21bn | CN¥6.42bn | CN¥6.75bn |
| Debt | CN¥11.74bn | CN¥11.19bn | CN¥12.22bn | CN¥2.15bn | CN¥15.31bn | CN¥15.00bn | CN¥12.52bn | CN¥12.86bn |
| Shareholders' equity | CN¥48.34bn | CN¥46.39bn | CN¥42.36bn | CN¥42.40bn | CN¥41.91bn | CN¥41.79bn | CN¥41.89bn | CN¥43.51bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -36.5% | 26.1% | 18.7% |
| Operating income | -57.4% | 31.9% | 19.6% |
| Net income | -73.2% | — | 6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 19.3% | 77.3% | 74.2% | 65.9% |
| Net margin | -31.8% | 23.0% | 21.0% | 17.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 196.3 | -6.8 | 12.5 | 5.4 | 76.3 | -31.1 | -6.5 | 15.4 | 27.6 | 21.2 |
| Price to sales | 8.8 | 4.1 | 2.3 | 3.2 | 20.7 | 17.6 | 8.0 | 5.4 | 10.8 | 8.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2024.
| FY2024 | FY2023 | FY2019 | FY2018 | FY2017 | FY2016 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.35 | 3.00 | 0.151 | 0.168 | 0.136 | 0.059 | 0.026 | 0.026 |
- 19-for-5 split · 27 May 2016
- 3-for-2 split · 24 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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