C 
2.48
-1.20%
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¥2.33bn
FY2016FY2025
Net income
−CN¥370.4m
FY2016FY2025
Free cash flow
−CN¥609.1m
FY2016FY2025
Shareholders' equity
CN¥1.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.33bn | CN¥2.61bn | CN¥3.53bn | CN¥1.99bn | CN¥1.59bn | CN¥1.14bn | CN¥2.29bn | CN¥1.66bn | CN¥1.49bn | CN¥1.05bn |
| Research and development | CN¥91.1m | CN¥81.2m | CN¥85.0m | CN¥84.4m | CN¥60.6m | CN¥54.5m | CN¥70.3m | CN¥79.8m | CN¥58.9m | CN¥50.8m |
| Operating income | −CN¥85.7m | −CN¥199.9m | CN¥122.9m | CN¥193.3m | CN¥104.3m | −CN¥302.2m | CN¥139.8m | −CN¥482.4m | CN¥90.8m | CN¥146.6m |
| Net income | −CN¥370.4m | −CN¥191.0m | CN¥105.3m | CN¥159.2m | CN¥89.2m | −CN¥178.4m | CN¥85.2m | −CN¥494.4m | CN¥88.9m | CN¥131.0m |
| Diluted earnings per share | -1.86 | -0.12 | 0.08 | 0.12 | 0.10 | -0.16 | 0.11 | -0.38 | 0.08 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.46bn | CN¥5.65bn | CN¥5.25bn | CN¥5.01bn | CN¥3.83bn | CN¥4.06bn | CN¥4.17bn | CN¥3.89bn | CN¥4.70bn | CN¥4.58bn |
| Cash and short-term investments | — | CN¥1.29bn | CN¥997.8m | CN¥752.8m | CN¥639.9m | CN¥889.2m | CN¥967.3m | CN¥983.5m | CN¥821.7m | CN¥988.4m |
| Total liabilities | CN¥3.50bn | CN¥3.31bn | CN¥2.67bn | CN¥2.46bn | CN¥1.45bn | CN¥1.80bn | CN¥2.33bn | CN¥2.15bn | CN¥2.50bn | CN¥2.40bn |
| Debt | CN¥1.16bn | CN¥1.48bn | CN¥1.25bn | CN¥1.40bn | CN¥701.0m | CN¥1.08bn | CN¥1.38bn | CN¥1.10bn | CN¥1.11bn | CN¥1.01bn |
| Shareholders' equity | CN¥1.94bn | CN¥2.32bn | CN¥2.53bn | CN¥2.48bn | CN¥2.32bn | CN¥2.21bn | CN¥1.77bn | CN¥1.68bn | CN¥2.14bn | CN¥2.15bn |
| Shares outstanding | 199m | 1,622m | 1,267m | 1,380m | 895m | 1,114m | 811m | 1,306m | 1,130m | 1,244m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥549.0m | −CN¥192.5m | CN¥144.8m | −CN¥216.4m | CN¥223.8m | −CN¥145.7m | CN¥316.4m | CN¥34.0m | −CN¥152.5m | CN¥13.4m |
| Capital spending | −CN¥60.2m | −CN¥33.7m | −CN¥27.9m | −CN¥89.4m | −CN¥41.8m | −CN¥85.5m | −CN¥196.7m | −CN¥190.3m | −CN¥99.4m | −CN¥107.1m |
| Free cash flow | −CN¥609.1m | −CN¥226.1m | CN¥116.9m | −CN¥305.8m | CN¥182.1m | −CN¥231.2m | CN¥119.7m | −CN¥156.3m | −CN¥252.0m | −CN¥93.7m |
| Dividends paid | −CN¥65.5m | −CN¥62.7m | −CN¥77.0m | −CN¥9.4m | −CN¥37.2m | −CN¥5.4m | −CN¥57.9m | −CN¥82.0m | −CN¥98.3m | −CN¥135.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥359.0m | CN¥370.6m | CN¥719.9m | CN¥729.1m | CN¥563.2m | CN¥315.9m | CN¥997.4m | CN¥338.4m |
| Operating income | −CN¥22.5m | CN¥8.8m | −CN¥4.9m | −CN¥48.0m | CN¥5.9m | CN¥21.8m | −CN¥93.4m | −CN¥130.6m |
| Net income | −CN¥79.0m | −CN¥27.1m | −CN¥380.9m | −CN¥33.9m | CN¥13.6m | CN¥30.7m | −CN¥114.3m | −CN¥107.4m |
| Diluted earnings per share | -0.40 | -0.14 | -1.92 | -0.17 | 0.07 | 0.15 | -0.07 | -0.07 |
| Cash from operations | — | — | — | −CN¥231.0m | CN¥36.0m | −CN¥260.0m | — | −CN¥252.0m |
| Capital spending | −CN¥9.0m | −CN¥27.0m | −CN¥43.0m | −CN¥12.0m | −CN¥1.0m | −CN¥2.0m | −CN¥1.0m | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥243.0m | CN¥35.0m | −CN¥262.0m | — | −CN¥253.0m |
| Total assets | CN¥5.60bn | CN¥5.54bn | CN¥5.46bn | CN¥5.76bn | CN¥5.51bn | CN¥5.56bn | CN¥5.65bn | CN¥5.25bn |
| Cash and short-term investments | — | — | — | CN¥796.2m | CN¥856.7m | CN¥1.05bn | CN¥1.29bn | CN¥634.2m |
| Debt | CN¥1.41bn | CN¥1.42bn | CN¥1.16bn | CN¥1.13bn | CN¥1.30bn | CN¥1.51bn | CN¥1.47bn | CN¥1.25bn |
| Shareholders' equity | CN¥1.84bn | CN¥1.91bn | CN¥1.94bn | CN¥2.37bn | CN¥2.40bn | CN¥2.35bn | CN¥2.32bn | CN¥2.42bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -13.1% | -5.1% | 5.6% | 12.8% | 9.1% | -12.0% |
| Net margin | -15.9% | -7.3% | 3.0% | 8.0% | 5.6% | -15.7% |
| Return on equity | -19.1% | -8.2% | 4.2% | 6.4% | 3.9% | -8.1% |
| Return on assets | -6.8% | -3.4% | 2.0% | 3.2% | 2.3% | -4.4% |
| Free cash flow yield | -93.9% | -3.7% | 5.2% | -3.5% | 11.3% | -2.1% |
| Revenue growth | -10.7% | -26.0% | 77.5% | 24.6% | 40.4% | -50.5% |
| Earnings growth | 93.9% | -281.4% | -33.9% | 78.5% | -150.0% | -309.3% |
| Current ratio | 1.60x | 1.60x | 1.63x | 1.63x | 1.98x | 1.72x |
| Debt to equity | 0.60x | 0.63x | 0.49x | 0.41x | 0.24x | 0.52x |
| Equity ratio | 35.6% | 41.0% | 48.2% | 49.5% | 60.5% | 54.3% |
| Interest coverage | -5.04x | -1.97x | 2.59x | 4.13x | 3.53x | -2.03x |
| R&D as a share of sales | 3.9% | 3.1% | 2.4% | 4.2% | 3.8% | 4.8% |
| Buybacks as a share of market value | 87.8% | -28.0% | 8.1% | -54.2% | 19.7% | -37.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.4% | 15.4% | 5.5% |
| Operating income | — | -22.3% | — |
| Net income | — | 15.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.8% | 0.3% | -1.3% | -0.3% |
| Net margin | -11.4% | -2.8% | -2.9% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -21.3 | 37.7 | 33.5 | 38.2 | -15.9 | 28.9 | -7.2 | 60.0 | 77.5 |
| Price to sales | 0.3 | 1.6 | 1.1 | 2.7 | 2.1 | 2.5 | 1.1 | 2.1 | 3.6 | 9.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.008 | 0.012 | 0.007 | 0.008 | 0.01 | 0.025 | 0.10 | 0.025 |
- 2-for-1 split · 28 Jun 2016
- 3-for-2 split · 16 May 2013
- 3-for-2 split · 9 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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