L 
2.56
+3.64%
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¥1.13bn
FY2016FY2025
Net income
−CN¥47.4m
FY2016FY2025
Free cash flow
CN¥386.6m
FY2016FY2025
Shareholders' equity
CN¥589.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.13bn | CN¥1.68bn | CN¥1.84bn | CN¥1.12bn | CN¥454.3m | CN¥905.0m | CN¥1.05bn | CN¥2.06bn | CN¥1.65bn | CN¥1.45bn |
| Gross profit | CN¥285.5m | CN¥471.0m | CN¥502.8m | CN¥264.3m | CN¥23.5m | CN¥181.9m | CN¥51.4m | CN¥346.5m | CN¥317.1m | CN¥261.0m |
| Research and development | CN¥44.0m | CN¥69.8m | CN¥63.4m | CN¥26.8m | CN¥27.9m | CN¥14.4m | CN¥26.0m | CN¥39.7m | CN¥23.1m | CN¥18.8m |
| Operating income | — | CN¥110.7m | CN¥112.4m | CN¥23.6m | −CN¥188.4m | CN¥46.8m | −CN¥2.02bn | CN¥64.7m | CN¥2.4m | CN¥80.7m |
| Net income | −CN¥47.4m | CN¥95.3m | CN¥116.9m | CN¥18.9m | −CN¥428.8m | CN¥37.3m | −CN¥1.99bn | −CN¥124.8m | CN¥35.1m | −CN¥4.0m |
| Diluted earnings per share | -0.06 | 0.12 | 0.15 | 0.01 | -0.52 | 0.06 | -2.44 | -0.17 | 0.03 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.79bn | CN¥4.29bn | CN¥3.99bn | CN¥4.20bn | CN¥3.97bn | CN¥4.80bn | CN¥4.96bn | CN¥7.52bn | CN¥7.71bn | CN¥7.61bn |
| Cash and short-term investments | — | CN¥213.4m | CN¥257.0m | CN¥371.9m | CN¥261.3m | CN¥593.7m | CN¥529.5m | CN¥1.39bn | CN¥1.06bn | CN¥1.06bn |
| Total liabilities | CN¥3.19bn | CN¥3.64bn | CN¥3.44bn | CN¥3.78bn | CN¥3.57bn | CN¥3.97bn | CN¥4.13bn | CN¥4.70bn | CN¥4.78bn | CN¥4.39bn |
| Debt | CN¥369.5m | CN¥1.51bn | CN¥1.84bn | CN¥1.86bn | CN¥1.93bn | CN¥2.11bn | CN¥1.87bn | CN¥1.37bn | CN¥2.02bn | CN¥1.86bn |
| Shareholders' equity | CN¥589.9m | CN¥637.3m | CN¥542.0m | CN¥411.6m | CN¥394.3m | CN¥823.1m | CN¥787.3m | CN¥2.78bn | CN¥2.91bn | CN¥3.21bn |
| Shares outstanding | 800m | 803m | 801m | 1,401m | 830m | 581m | 816m | 716m | 1,103m | 1,277m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥390.0m | CN¥376.9m | CN¥481.7m | CN¥225.4m | CN¥378.4m | CN¥98.7m | −CN¥976.1m | CN¥502.1m | CN¥213.6m | −CN¥265.0m |
| Capital spending | −CN¥3.3m | −CN¥25.4m | −CN¥43.9m | −CN¥24.1m | −CN¥35,000 | −CN¥80,033 | −CN¥6.1m | −CN¥143.0m | −CN¥383.0m | −CN¥53.8m |
| Free cash flow | CN¥386.6m | CN¥351.4m | CN¥437.9m | CN¥201.3m | CN¥378.3m | CN¥98.6m | −CN¥982.2m | CN¥359.1m | −CN¥169.4m | −CN¥318.8m |
| Dividends paid | −CN¥76.3m | −CN¥83.8m | −CN¥92.4m | −CN¥97.3m | −CN¥135.4m | −CN¥133.8m | −CN¥72.7m | −CN¥167.9m | −CN¥140.4m | −CN¥100.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥226.7m | CN¥178.2m | CN¥281.0m | CN¥264.1m | CN¥511.5m | CN¥394.0m | CN¥360.1m | CN¥444.4m |
| Gross profit | CN¥19.3m | CN¥34.8m | CN¥39.9m | CN¥82.9m | CN¥78.4m | CN¥86.0m | CN¥57.3m | CN¥147.4m |
| Operating income | −CN¥16.1m | −CN¥20,813 | −CN¥18.5m | CN¥21.0m | CN¥34.4m | CN¥27.2m | −CN¥36.4m | CN¥49.4m |
| Net income | −CN¥65.6m | CN¥5.3m | −CN¥118.7m | CN¥20.7m | CN¥27.4m | CN¥23.2m | −CN¥45.2m | CN¥44.2m |
| Diluted earnings per share | -0.08 | 0.01 | -0.15 | 0.03 | 0.03 | 0.03 | -0.06 | 0.06 |
| Cash from operations | — | — | — | CN¥19.0m | −CN¥67.0m | CN¥220.0m | CN¥200.0m | CN¥88.0m |
| Capital spending | — | — | — | — | −CN¥1.0m | −CN¥2.0m | −CN¥2.0m | −CN¥20.0m |
| Free cash flow | — | — | — | — | −CN¥68.0m | CN¥218.0m | CN¥198.0m | CN¥68.0m |
| Total assets | CN¥3.51bn | CN¥3.76bn | CN¥3.79bn | CN¥4.12bn | CN¥4.17bn | CN¥4.14bn | CN¥4.29bn | CN¥4.43bn |
| Cash and short-term investments | — | — | — | CN¥264.8m | CN¥329.5m | CN¥237.6m | CN¥213.4m | CN¥302.7m |
| Debt | CN¥338.6m | CN¥266.5m | CN¥369.5m | CN¥1.69bn | CN¥1.32bn | CN¥1.53bn | CN¥1.45bn | CN¥1.67bn |
| Shareholders' equity | CN¥529.6m | CN¥595.1m | CN¥589.9m | CN¥708.6m | CN¥687.8m | CN¥660.5m | CN¥637.3m | CN¥682.5m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.3% | 28.0% | 27.4% | 23.6% | 5.2% | 20.1% |
| Operating margin | 10.7% | 13.9% | 11.8% | 12.7% | -39.5% | 22.1% |
| Net margin | -4.2% | 5.7% | 6.4% | 1.7% | -94.4% | 4.1% |
| Return on equity | -8.0% | 15.0% | 21.6% | 4.6% | -108.7% | 4.5% |
| Return on assets | -1.3% | 2.2% | 2.9% | 0.5% | -10.8% | 0.8% |
| Free cash flow yield | 16.2% | 16.5% | 21.6% | 5.9% | 15.0% | 5.6% |
| Revenue growth | -33.0% | -8.4% | 64.1% | 146.5% | -49.8% | -13.5% |
| Earnings growth | -149.8% | -18.5% | 518.8% | -104.4% | -1250.7% | -101.9% |
| Current ratio | 0.63x | 0.66x | 0.58x | 0.58x | 0.53x | 0.74x |
| Debt to equity | 0.63x | 2.28x | 2.99x | 4.59x | 4.89x | 2.40x |
| Equity ratio | 15.6% | 14.9% | 13.6% | 9.8% | 9.9% | 17.2% |
| Interest coverage | 1.13x | 1.78x | 1.86x | 1.15x | -1.17x | 1.24x |
| R&D as a share of sales | 3.9% | 4.1% | 3.4% | 2.4% | 6.1% | 1.6% |
| Buybacks as a share of market value | 0.4% | -0.2% | 42.8% | -68.7% | -43.0% | 28.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 4.5% | -0.9% |
| Net income | — | — | -16.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.9% | 26.4% | 24.3% | 18.1% |
| Net margin | 1.7% | 3.2% | -2.9% | -17.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -65.6 | 32.3 | 31.8 | 183.1 | -3.6 | 23.9 | -1.1 | -18.5 | 148.5 | -2099.1 |
| Price to sales | 2.8 | 1.8 | 2.0 | 3.1 | 3.4 | 1.0 | 2.2 | 1.1 | 3.1 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jun 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.077 | 0.077 | 0.059 | 0.037 |
- 13-for-10 split · 29 Apr 2016
- 13-for-10 split · 7 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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