K 
1.71
-1.16%
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¥9.92bn
FY2016FY2025
Net income
CN¥34.6m
FY2016FY2025
Free cash flow
CN¥128.6m
FY2016FY2025
Shareholders' equity
CN¥2.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.92bn | CN¥8.33bn | CN¥8.55bn | CN¥9.98bn | CN¥9.32bn | CN¥9.35bn | CN¥11.31bn | CN¥15.48bn | CN¥19.83bn | CN¥18.74bn |
| Gross profit | CN¥1.27bn | CN¥974.2m | CN¥618.2m | CN¥584.8m | CN¥1.45bn | CN¥1.44bn | CN¥2.23bn | CN¥3.44bn | CN¥3.21bn | CN¥2.96bn |
| Research and development | CN¥245.3m | CN¥215.0m | CN¥182.1m | CN¥141.5m | CN¥99.2m | CN¥125.8m | CN¥306.4m | CN¥573.9m | CN¥439.7m | CN¥459.3m |
| Operating income | CN¥254.8m | CN¥21.0m | −CN¥969.4m | −CN¥815.5m | −CN¥503.0m | −CN¥3.03bn | −CN¥573.3m | CN¥623.7m | CN¥913.9m | CN¥991.8m |
| Net income | CN¥34.6m | CN¥59.7m | −CN¥971.2m | −CN¥982.3m | −CN¥574.1m | −CN¥3.18bn | −CN¥683.2m | CN¥421.4m | CN¥715.5m | CN¥1.02bn |
| Diluted earnings per share | 0.01 | 0.02 | -0.30 | -0.30 | -0.09 | -0.84 | -0.21 | 0.12 | 0.23 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.44bn | CN¥11.04bn | CN¥11.76bn | CN¥13.48bn | CN¥14.17bn | CN¥16.23bn | CN¥20.93bn | CN¥21.84bn | CN¥18.02bn | CN¥13.78bn |
| Cash and short-term investments | — | CN¥888.8m | CN¥1.07bn | CN¥833.2m | CN¥862.1m | CN¥853.0m | CN¥1.89bn | CN¥4.03bn | CN¥4.21bn | CN¥1.78bn |
| Total liabilities | CN¥10.24bn | CN¥8.90bn | CN¥9.68bn | CN¥10.44bn | CN¥10.08bn | CN¥11.55bn | CN¥11.07bn | CN¥11.04bn | CN¥7.92bn | CN¥5.31bn |
| Debt | CN¥2.38bn | CN¥3.76bn | CN¥4.67bn | CN¥4.94bn | CN¥5.13bn | CN¥5.91bn | CN¥4.09bn | CN¥3.02bn | CN¥2.18bn | CN¥1.54bn |
| Shareholders' equity | CN¥2.12bn | CN¥2.06bn | CN¥2.01bn | CN¥2.96bn | CN¥3.96bn | CN¥4.56bn | CN¥7.80bn | CN¥8.67bn | CN¥7.76bn | CN¥7.76bn |
| Shares outstanding | 3,244m | 3,256m | 3,285m | 3,288m | 6,146m | 3,764m | 3,305m | 3,423m | 3,053m | 3,318m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥455.7m | CN¥534.7m | CN¥282.3m | CN¥458.6m | CN¥487.7m | −CN¥1.37bn | −CN¥1.10bn | −CN¥1.54bn | CN¥1.49bn | CN¥9.5m |
| Capital spending | −CN¥327.2m | −CN¥430.1m | −CN¥153.3m | −CN¥257.7m | −CN¥228.3m | −CN¥279.9m | −CN¥1.03bn | −CN¥779.2m | −CN¥686.5m | −CN¥676.3m |
| Free cash flow | CN¥128.6m | CN¥104.7m | CN¥129.1m | CN¥201.0m | CN¥259.4m | −CN¥1.65bn | −CN¥2.13bn | −CN¥2.32bn | CN¥803.7m | −CN¥666.8m |
| Dividends paid | −CN¥113.6m | −CN¥95.3m | −CN¥104.9m | −CN¥121.5m | −CN¥111.4m | −CN¥220.3m | −CN¥135.7m | −CN¥312.1m | −CN¥369.4m | −CN¥195.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.00bn | CN¥2.96bn | CN¥2.60bn | CN¥2.52bn | CN¥2.45bn | CN¥2.35bn | CN¥1.93bn | CN¥1.82bn |
| Gross profit | CN¥332.9m | CN¥330.4m | CN¥396.6m | CN¥305.4m | CN¥292.4m | CN¥280.1m | CN¥226.9m | CN¥190.7m |
| Operating income | −CN¥359.5m | CN¥58.8m | CN¥98.4m | CN¥54.2m | −CN¥40.5m | CN¥23.9m | −CN¥151.5m | −CN¥4.7m |
| Net income | −CN¥508.3m | CN¥11.4m | CN¥64.1m | CN¥48.8m | −CN¥87.1m | CN¥8.8m | −CN¥120.5m | CN¥11.7m |
| Diluted earnings per share | -0.16 | 0.00 | 0.02 | 0.02 | -0.03 | 0.00 | -0.04 | 0.00 |
| Cash from operations | — | — | — | −CN¥135.0m | CN¥307.0m | CN¥40.0m | — | −CN¥183.0m |
| Capital spending | −CN¥29.0m | −CN¥64.0m | −CN¥179.0m | −CN¥19.0m | −CN¥73.0m | −CN¥55.0m | −CN¥162.0m | −CN¥140.0m |
| Free cash flow | — | — | — | −CN¥154.0m | CN¥234.0m | −CN¥15.0m | — | −CN¥323.0m |
| Total assets | CN¥12.53bn | CN¥12.49bn | CN¥12.44bn | CN¥11.71bn | CN¥11.78bn | CN¥11.56bn | CN¥11.04bn | CN¥11.11bn |
| Cash and short-term investments | — | — | — | CN¥1.03bn | CN¥1.11bn | CN¥969.7m | CN¥888.8m | CN¥933.1m |
| Debt | CN¥2.93bn | CN¥2.35bn | CN¥2.38bn | CN¥2.80bn | CN¥4.70bn | CN¥5.39bn | CN¥3.75bn | CN¥5.16bn |
| Shareholders' equity | CN¥1.63bn | CN¥2.13bn | CN¥2.12bn | CN¥2.05bn | CN¥2.00bn | CN¥2.07bn | CN¥2.06bn | CN¥2.21bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.9% | 11.7% | 7.2% | 5.9% | 15.6% | 15.4% |
| Operating margin | 2.1% | 3.3% | -8.4% | -6.9% | -1.8% | -30.4% |
| Net margin | 0.3% | 0.7% | -11.4% | -9.8% | -6.2% | -33.9% |
| Return on equity | 1.6% | 2.9% | -48.3% | -33.1% | -14.5% | -69.7% |
| Return on assets | 0.3% | 0.5% | -8.3% | -7.3% | -4.1% | -19.6% |
| Free cash flow yield | 11.9% | 14.7% | 6.6% | 10.8% | 5.8% | -14.3% |
| Revenue growth | 19.1% | -2.6% | -14.3% | 7.1% | -0.4% | -17.3% |
| Earnings growth | -42.0% | -106.1% | -1.1% | 71.1% | -81.9% | 364.9% |
| Current ratio | 0.80x | 0.72x | 0.69x | 0.67x | 0.76x | 0.76x |
| Debt to equity | 1.12x | 1.82x | 2.30x | 1.66x | 1.29x | 1.30x |
| Equity ratio | 17.0% | 18.6% | 17.1% | 22.0% | 27.9% | 28.1% |
| Interest coverage | 1.43x | 1.59x | -3.00x | -2.49x | -0.53x | -10.44x |
| R&D as a share of sales | 2.5% | 2.6% | 2.1% | 1.4% | 1.1% | 1.3% |
| Buybacks as a share of market value | 0.4% | 0.9% | 0.1% | 46.5% | -63.3% | -13.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.2% | 1.2% | -5.7% |
| Operating income | — | — | -14.9% |
| Net income | — | — | -29.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.3% | 9.4% | 11.4% | 15.2% |
| Operating margin | 1.5% | -4.1% | -9.1% | -1.3% |
| Net margin | 0.5% | -5.1% | -10.1% | -2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 166.9 | 106.9 | -5.9 | -6.9 | -32.2 | -1.5 | -12.9 | 51.3 | 39.0 | 25.8 |
| Price to sales | 0.6 | 0.8 | 0.7 | 0.7 | 2.0 | 0.5 | 0.8 | 1.4 | 1.4 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.10 | 0.05 | 0.038 | 0.038 | 0.038 | 0.038 | 0.025 |
- 2-for-1 split · 12 May 2016
- 2-for-1 split · 22 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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