C 
5.33
-0.93%
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¥1.49bn
FY2016FY2025
Net income
−CN¥168.5m
FY2016FY2025
Free cash flow
CN¥199.4m
FY2016FY2025
Shareholders' equity
CN¥844.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.49bn | CN¥2.48bn | CN¥2.51bn | CN¥1.65bn | CN¥1.72bn | CN¥2.34bn | CN¥2.00bn | CN¥1.96bn | CN¥1.66bn | CN¥1.52bn |
| Research and development | CN¥80.9m | CN¥94.6m | CN¥83.6m | CN¥77.7m | CN¥59.2m | CN¥69.6m | CN¥52.1m | CN¥44.4m | CN¥36.4m | CN¥41.8m |
| Operating income | CN¥78.6m | −CN¥293.6m | −CN¥202.4m | −CN¥136.8m | −CN¥167.5m | CN¥201.8m | −CN¥199.2m | CN¥155.0m | CN¥137.6m | CN¥155.5m |
| Net income | −CN¥168.5m | −CN¥409.1m | −CN¥342.4m | −CN¥565.9m | −CN¥233.5m | CN¥59.6m | −CN¥183.2m | CN¥13.2m | CN¥12.5m | CN¥18.7m |
| Diluted earnings per share | -0.22 | -0.53 | -0.45 | -0.74 | -0.30 | 0.08 | -0.28 | 0.02 | 0.02 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥13.43bn | CN¥14.89bn | CN¥13.45bn | CN¥11.77bn | CN¥11.01bn | CN¥7.35bn | CN¥7.61bn | CN¥7.07bn | CN¥5.59bn | CN¥4.80bn |
| Cash and short-term investments | — | CN¥1.23bn | CN¥1.92bn | CN¥1.33bn | CN¥950.8m | CN¥1.65bn | CN¥920.2m | CN¥1.34bn | CN¥868.6m | CN¥633.2m |
| Total liabilities | CN¥11.35bn | CN¥12.63bn | CN¥10.87bn | CN¥8.93bn | CN¥6.65bn | CN¥4.59bn | CN¥5.30bn | CN¥4.59bn | CN¥3.14bn | CN¥2.36bn |
| Debt | CN¥5.78bn | CN¥5.48bn | CN¥4.52bn | CN¥4.66bn | CN¥3.56bn | CN¥1.99bn | CN¥2.30bn | CN¥2.36bn | CN¥1.59bn | CN¥1.31bn |
| Shareholders' equity | CN¥844.1m | CN¥1.02bn | CN¥1.42bn | CN¥1.76bn | CN¥3.32bn | CN¥2.72bn | CN¥2.16bn | CN¥2.34bn | CN¥2.33bn | CN¥2.33bn |
| Shares outstanding | 768m | 769m | 769m | 769m | 769m | 768m | 647m | 642m | 645m | 649m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥603.2m | CN¥98.3m | CN¥1.23bn | CN¥740.6m | −CN¥444.1m | CN¥558.6m | CN¥22.0m | CN¥116.5m | −CN¥154.8m | CN¥193.9m |
| Capital spending | −CN¥403.8m | −CN¥835.0m | −CN¥961.9m | −CN¥687.8m | −CN¥158.1m | −CN¥240.4m | −CN¥654.9m | −CN¥598.2m | −CN¥221.7m | −CN¥177.3m |
| Free cash flow | CN¥199.4m | −CN¥736.7m | CN¥265.3m | CN¥52.7m | −CN¥602.2m | CN¥318.2m | −CN¥633.0m | −CN¥481.6m | −CN¥376.5m | CN¥16.6m |
| Dividends paid | −CN¥221.4m | −CN¥296.1m | −CN¥205.5m | −CN¥161.8m | −CN¥219.3m | −CN¥136.7m | −CN¥149.0m | −CN¥126.0m | −CN¥87.0m | −CN¥97.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥378.1m | CN¥328.9m | CN¥434.0m | CN¥352.7m | CN¥369.2m | CN¥335.0m | CN¥806.4m | CN¥549.5m |
| Operating income | CN¥8.4m | CN¥61.3m | −CN¥67.3m | CN¥39.4m | CN¥58.1m | CN¥82.2m | −CN¥22.4m | CN¥30.3m |
| Net income | −CN¥62.3m | −CN¥37.9m | −CN¥126.2m | CN¥25.4m | −CN¥49.7m | −CN¥18.1m | −CN¥154.6m | −CN¥72.0m |
| Diluted earnings per share | -0.08 | -0.05 | -0.16 | 0.03 | -0.06 | -0.02 | -0.20 | -0.09 |
| Cash from operations | — | — | — | CN¥181.0m | CN¥177.0m | −CN¥96.0m | — | −CN¥58.0m |
| Capital spending | −CN¥47.0m | −CN¥65.0m | −CN¥120.0m | −CN¥174.0m | −CN¥24.0m | −CN¥84.0m | −CN¥269.0m | −CN¥116.0m |
| Free cash flow | — | — | — | CN¥7.0m | CN¥153.0m | −CN¥180.0m | — | −CN¥174.0m |
| Total assets | CN¥12.99bn | CN¥13.07bn | CN¥13.43bn | CN¥13.99bn | CN¥14.15bn | CN¥14.54bn | CN¥14.89bn | CN¥14.74bn |
| Cash and short-term investments | — | — | — | CN¥1.52bn | CN¥1.10bn | CN¥1.37bn | CN¥1.23bn | CN¥1.36bn |
| Debt | CN¥6.35bn | CN¥6.20bn | CN¥5.78bn | CN¥2.74bn | CN¥5.25bn | CN¥5.51bn | CN¥5.34bn | CN¥5.92bn |
| Shareholders' equity | CN¥744.9m | CN¥806.7m | CN¥844.1m | CN¥964.4m | CN¥950.2m | CN¥1.00bn | CN¥1.02bn | CN¥1.16bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -9.3% | -7.8% | -3.7% | 12.4% | 26.8% | 16.5% | — |
| Net margin | -10.3% | -6.7% | -3.2% | 11.5% | 23.4% | 14.2% | — |
| Return on equity | -6.3% | -4.5% | -1.8% | 7.2% | 14.7% | 8.7% | — |
| Return on assets | -4.2% | -3.0% | -1.3% | 5.7% | 11.4% | 7.1% | — |
| Free cash flow yield | 2.9% | 3.2% | 11.4% | 9.0% | 18.8% | 16.3% | — |
| Revenue growth | -13.5% | 11.7% | -12.7% | 2.2% | 17.2% | 13.2% | — |
| Earnings growth | 32.5% | 137.5% | -124.0% | -49.6% | 92.3% | 315.3% | — |
| Current ratio | 1.35x | 1.49x | 1.39x | 2.44x | 2.03x | 2.59x | — |
| Debt to equity | 0.08x | 0.13x | 0.02x | -0.01x | 0.18x | — | 0.13x |
| Equity ratio | 67.0% | 66.8% | 69.5% | 79.4% | 77.5% | 81.3% | — |
| Interest coverage | -10.91x | -11.62x | -6.46x | 62.55x | 559.13x | 383.43x | — |
| R&D as a share of sales | 4.3% | 4.0% | 4.3% | 4.2% | 4.5% | 3.1% | — |
| Buybacks as a share of market value | 0.7% | 0.3% | -2.9% | -0.9% | 3.9% | -1.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.3% | -8.6% | 3.5% |
| Operating income | — | -17.2% | — |
| Net income | -33.2% | — | 0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.4% | -6.8% | -4.3% | -2.4% |
| Net margin | -14.5% | -18.3% | -13.6% | -9.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.4 | -9.7 | -11.4 | -6.9 | -23.4 | 59.8 | -14.0 | 237.8 | 373.0 | 393.6 |
| Price to sales | 3.2 | 1.6 | 1.6 | 2.4 | 3.2 | 1.5 | 1.3 | 1.6 | 2.8 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 May 2018.
| FY2018 | FY2017 | FY2012 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.10 | 0.075 |
- 2-for-1 split · 15 May 2014
- 2-for-1 split · 13 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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