T 
3.58
-0.56%
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¥1.85bn
FY2016FY2025
Net income
−CN¥201.8m
FY2016FY2025
Free cash flow
−CN¥32.4m
FY2016FY2025
Shareholders' equity
CN¥288.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.85bn | CN¥1.93bn | CN¥1.97bn | CN¥1.74bn | CN¥2.24bn | CN¥2.11bn | CN¥2.28bn | CN¥2.88bn | CN¥3.46bn | CN¥3.50bn |
| Gross profit | CN¥208.9m | CN¥206.4m | CN¥244.2m | CN¥163.3m | CN¥168.0m | CN¥264.0m | CN¥333.7m | CN¥221.7m | CN¥549.1m | CN¥556.4m |
| Research and development | CN¥94.7m | CN¥97.6m | CN¥109.4m | CN¥93.0m | CN¥104.4m | CN¥120.8m | CN¥134.2m | CN¥130.0m | CN¥132.2m | CN¥112.7m |
| Operating income | — | −CN¥44.0m | −CN¥366.0m | −CN¥287.7m | −CN¥462.9m | CN¥180.9m | CN¥83.8m | −CN¥1.57bn | CN¥307.1m | CN¥236.0m |
| Net income | −CN¥201.8m | CN¥24.2m | −CN¥356.3m | −CN¥326.9m | −CN¥514.3m | CN¥20.1m | CN¥49.6m | −CN¥1.74bn | CN¥171.2m | CN¥159.1m |
| Diluted earnings per share | -0.18 | 0.02 | -0.32 | -0.30 | -0.55 | 0.03 | 0.05 | -1.59 | 0.16 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.31bn | CN¥2.64bn | CN¥4.42bn | CN¥4.85bn | CN¥4.33bn | CN¥4.37bn | CN¥5.47bn | CN¥5.80bn | CN¥7.90bn | CN¥6.39bn |
| Cash and short-term investments | — | CN¥106.5m | CN¥304.9m | CN¥344.7m | CN¥552.4m | CN¥466.9m | CN¥433.7m | CN¥506.8m | CN¥1.04bn | CN¥832.4m |
| Total liabilities | CN¥1.99bn | CN¥2.20bn | CN¥3.27bn | CN¥3.37bn | CN¥2.97bn | CN¥3.02bn | CN¥4.14bn | CN¥4.55bn | CN¥4.76bn | CN¥3.39bn |
| Debt | CN¥244.9m | CN¥319.4m | CN¥747.6m | CN¥1.00bn | CN¥1.14bn | CN¥1.09bn | CN¥2.15bn | CN¥2.68bn | CN¥3.34bn | CN¥1.58bn |
| Shareholders' equity | CN¥288.9m | CN¥413.7m | CN¥458.2m | CN¥754.5m | CN¥801.4m | CN¥1.34bn | CN¥1.31bn | CN¥1.14bn | CN¥2.92bn | CN¥2.79bn |
| Shares outstanding | 1,095m | 1,076m | 1,098m | 1,098m | 941m | 606m | 1,095m | 1,095m | 1,096m | 1,095m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥18.3m | −CN¥8.6m | −CN¥527.7m | CN¥121.5m | CN¥366.4m | −CN¥198.8m | CN¥318.6m | CN¥63.9m | CN¥33.9m | CN¥179.0m |
| Capital spending | −CN¥14.1m | −CN¥227.2m | −CN¥176.8m | −CN¥680.5m | −CN¥622.1m | −CN¥100.1m | −CN¥220.6m | −CN¥69.1m | −CN¥544.6m | −CN¥152.1m |
| Free cash flow | −CN¥32.4m | −CN¥235.8m | −CN¥704.5m | −CN¥559.0m | −CN¥255.7m | −CN¥298.9m | CN¥98.0m | −CN¥5.3m | −CN¥510.6m | CN¥26.9m |
| Dividends paid | −CN¥18.5m | −CN¥47.1m | −CN¥47.4m | −CN¥377,224 | −CN¥67.1m | −CN¥117.3m | −CN¥133.1m | −CN¥178.3m | −CN¥182.0m | −CN¥83.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥669.9m | CN¥479.2m | CN¥518.5m | CN¥569.3m | CN¥448.7m | CN¥312.2m | CN¥475.9m | CN¥568.2m |
| Gross profit | CN¥87.8m | CN¥61.9m | CN¥62.9m | CN¥58.9m | CN¥56.6m | CN¥30.4m | CN¥52.5m | CN¥48.6m |
| Operating income | CN¥29.9m | CN¥7.1m | −CN¥4.3m | −CN¥51.9m | −CN¥5.1m | −CN¥33.0m | CN¥32.9m | −CN¥33.1m |
| Net income | −CN¥3.1m | CN¥36.4m | −CN¥99.3m | −CN¥50.0m | −CN¥13.9m | −CN¥38.7m | CN¥21.1m | CN¥2.5m |
| Diluted earnings per share | -0.00 | 0.03 | -0.09 | -0.05 | -0.01 | -0.04 | 0.02 | 0.00 |
| Cash from operations | — | — | — | CN¥30.0m | CN¥18.0m | −CN¥56.0m | — | −CN¥8.0m |
| Capital spending | — | — | −CN¥3.0m | −CN¥1.0m | −CN¥5.0m | −CN¥3.0m | −CN¥15.0m | −CN¥39.0m |
| Free cash flow | — | — | — | CN¥29.0m | CN¥13.0m | −CN¥59.0m | — | −CN¥47.0m |
| Total assets | CN¥2.23bn | CN¥2.25bn | CN¥2.31bn | CN¥2.43bn | CN¥2.44bn | CN¥2.60bn | CN¥2.64bn | CN¥2.68bn |
| Cash and short-term investments | — | — | — | CN¥106.0m | CN¥106.8m | CN¥100.1m | CN¥106.5m | CN¥60.4m |
| Debt | — | CN¥98.3m | CN¥244.9m | CN¥111.2m | CN¥320.9m | CN¥329.2m | CN¥317.7m | CN¥376.2m |
| Shareholders' equity | CN¥322.2m | CN¥325.3m | CN¥288.9m | CN¥388.3m | CN¥438.3m | CN¥466.3m | CN¥413.7m | CN¥465.5m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.3% | 10.7% | 12.4% | 9.4% | 7.5% | 12.5% |
| Operating margin | -9.3% | 0.6% | -18.8% | -16.5% | -20.7% | 8.6% |
| Net margin | -10.9% | 1.3% | -18.1% | -18.8% | -22.9% | 1.0% |
| Return on equity | -69.9% | 5.8% | -77.8% | -43.3% | -64.2% | 1.5% |
| Return on assets | -8.7% | 0.9% | -8.1% | -6.7% | -11.9% | 0.5% |
| Free cash flow yield | -0.1% | 5.6% | -8.8% | 20.2% | 29.0% | -4.5% |
| Revenue growth | -4.3% | -1.7% | 12.9% | -22.3% | 6.0% | -7.4% |
| Earnings growth | -935.2% | -106.8% | 9.0% | -36.4% | -2656.7% | -59.5% |
| Current ratio | 0.42x | 0.39x | 0.68x | 0.54x | 0.65x | 0.76x |
| Debt to equity | 0.85x | 0.77x | 2.24x | 1.05x | 0.84x | 0.56x |
| Equity ratio | 12.5% | 15.7% | 10.4% | 15.5% | 18.5% | 30.6% |
| Interest coverage | -5.40x | 0.22x | -9.42x | -3.70x | -5.00x | 1.14x |
| R&D as a share of sales | 5.1% | 5.1% | 5.6% | 5.3% | 4.7% | 5.7% |
| Buybacks as a share of market value | -1.8% | 2.0% | -0.0% | -16.6% | -55.4% | 44.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | -2.7% | 2.9% |
| Net income | -14.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.0% | 11.0% | 10.6% | 13.1% |
| Net margin | -4.7% | -11.5% | -11.4% | -10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.8 | 211.1 | -19.5 | -11.6 | -6.7 | 115.6 | 142.3 | -3.3 | 115.7 | 112.4 |
| Price to sales | 3.7 | 2.6 | 3.5 | 2.2 | 1.5 | 1.1 | 3.1 | 2.0 | 5.7 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2018.
| FY2018 | FY2015 | FY2012 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.045 | 0.04 | 0.027 | 0.042 |
- 5-for-2 split · 22 Sept 2015
- 3-for-2 split · 14 Jun 2012
- 9-for-5 split · 29 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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