C 
4.26
+1.19%
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¥898.6m
FY2016FY2025
Net income
−CN¥78.6m
FY2016FY2025
Free cash flow
−CN¥214.1m
FY2016FY2025
Shareholders' equity
CN¥2.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥898.6m | CN¥810.5m | CN¥1.17bn | CN¥1.34bn | CN¥1.79bn | CN¥2.18bn | CN¥2.80bn | CN¥2.73bn | CN¥1.99bn | CN¥2.06bn |
| Gross profit | CN¥64.5m | CN¥46.7m | CN¥68.1m | CN¥71.0m | CN¥114.1m | CN¥83.7m | CN¥118.6m | CN¥37.7m | CN¥97.7m | CN¥100.1m |
| Research and development | CN¥3.5m | CN¥3.9m | CN¥5.2m | CN¥4.9m | CN¥5.8m | CN¥4.0m | CN¥8.9m | — | — | — |
| Operating income | −CN¥6.1m | −CN¥106.5m | CN¥121.7m | CN¥43.4m | CN¥255.5m | CN¥111.2m | CN¥65.2m | CN¥33.9m | CN¥47.3m | CN¥60.2m |
| Net income | −CN¥78.6m | −CN¥92.2m | CN¥4.5m | CN¥9.1m | CN¥79.0m | CN¥81.7m | CN¥43.3m | CN¥21.3m | CN¥22.4m | CN¥43.9m |
| Diluted earnings per share | -0.10 | -0.09 | 0.01 | 0.01 | 0.09 | 0.11 | 0.09 | 0.06 | 0.03 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.70bn | CN¥6.97bn | CN¥7.33bn | CN¥7.68bn | CN¥8.20bn | CN¥7.73bn | CN¥6.95bn | CN¥5.94bn | CN¥5.60bn | CN¥5.78bn |
| Cash and short-term investments | — | CN¥201.0m | CN¥226.9m | CN¥328.7m | CN¥474.6m | CN¥819.6m | CN¥848.5m | CN¥1.03bn | CN¥1.19bn | CN¥1.15bn |
| Total liabilities | CN¥3.81bn | CN¥3.99bn | CN¥4.26bn | CN¥4.60bn | CN¥5.15bn | CN¥4.77bn | CN¥3.84bn | CN¥3.23bn | CN¥2.92bn | CN¥3.11bn |
| Debt | CN¥1.21bn | CN¥1.33bn | CN¥1.42bn | CN¥1.65bn | CN¥2.19bn | CN¥2.05bn | CN¥1.00bn | CN¥333.7m | CN¥420.0m | CN¥470.0m |
| Shareholders' equity | CN¥2.81bn | CN¥2.90bn | CN¥2.99bn | CN¥3.00bn | CN¥2.98bn | CN¥2.88bn | CN¥2.77bn | CN¥2.69bn | CN¥2.68bn | CN¥2.67bn |
| Shares outstanding | 790m | 1,002m | 757m | 1,414m | 912m | 761m | 472m | 363m | 782m | 731m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥207.4m | −CN¥34.6m | CN¥113.5m | CN¥230.6m | −CN¥335.2m | −CN¥1.01bn | −CN¥809.5m | −CN¥43.2m | CN¥225.3m | CN¥583.5m |
| Capital spending | −CN¥6.6m | −CN¥3.8m | −CN¥13.5m | −CN¥63.1m | −CN¥59.1m | −CN¥39.6m | −CN¥7.8m | −CN¥16.4m | −CN¥13.1m | −CN¥4.6m |
| Free cash flow | −CN¥214.1m | −CN¥38.4m | CN¥100.0m | CN¥167.6m | −CN¥394.3m | −CN¥1.05bn | −CN¥817.3m | −CN¥59.5m | CN¥212.3m | CN¥578.9m |
| Dividends paid | −CN¥38.6m | −CN¥86.9m | −CN¥114.2m | −CN¥130.7m | −CN¥155.7m | −CN¥101.6m | −CN¥60.0m | −CN¥12.4m | −CN¥60.1m | −CN¥41.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥212.5m | CN¥86.8m | CN¥357.5m | CN¥207.4m | CN¥215.3m | CN¥118.4m | CN¥274.1m | CN¥166.4m |
| Gross profit | CN¥5.2m | CN¥2.1m | CN¥24.9m | CN¥8.1m | CN¥26.0m | CN¥5.5m | CN¥31.5m | −CN¥210,153 |
| Operating income | −CN¥17.7m | −CN¥22.4m | −CN¥16.5m | CN¥18.2m | −CN¥22.6m | CN¥24.9m | −CN¥66.1m | CN¥12.2m |
| Net income | −CN¥46.4m | CN¥13.5m | −CN¥50.2m | −CN¥5.7m | −CN¥26.8m | CN¥4.1m | −CN¥71.5m | CN¥7.2m |
| Diluted earnings per share | -0.06 | 0.02 | -0.06 | -0.01 | -0.03 | 0.01 | -0.07 | 0.01 |
| Cash from operations | — | — | — | −CN¥47.0m | CN¥23.0m | −CN¥41.0m | −CN¥3.0m | CN¥134.0m |
| Capital spending | −CN¥1.0m | −CN¥6.0m | −CN¥2.0m | −CN¥3.0m | — | — | −CN¥1.0m | — |
| Free cash flow | — | — | — | −CN¥50.0m | — | — | −CN¥4.0m | — |
| Total assets | CN¥6.47bn | CN¥6.52bn | CN¥6.70bn | CN¥6.97bn | CN¥6.83bn | CN¥6.78bn | CN¥6.97bn | CN¥7.13bn |
| Cash and short-term investments | — | — | — | CN¥124.4m | CN¥165.9m | CN¥133.9m | CN¥201.0m | CN¥332.5m |
| Debt | CN¥1.20bn | CN¥1.21bn | CN¥1.21bn | CN¥140.6m | CN¥1.32bn | CN¥1.32bn | CN¥1.32bn | CN¥1.53bn |
| Shareholders' equity | CN¥2.78bn | CN¥2.82bn | CN¥2.81bn | CN¥2.86bn | CN¥2.87bn | CN¥2.90bn | CN¥2.90bn | CN¥2.97bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.2% | 5.8% | 5.8% | 5.3% | 6.4% | 3.8% |
| Operating margin | -1.3% | -1.6% | 10.9% | 12.4% | 14.3% | 9.5% |
| Net margin | -8.7% | -11.4% | 0.4% | 0.7% | 4.4% | 3.8% |
| Return on equity | -2.8% | -3.2% | 0.2% | 0.3% | 2.7% | 2.8% |
| Return on assets | -1.2% | -1.3% | 0.1% | 0.1% | 1.0% | 1.1% |
| Free cash flow yield | -5.5% | -0.7% | 3.6% | 4.5% | -6.6% | -27.8% |
| Revenue growth | 10.9% | -30.5% | -12.9% | -25.2% | -17.7% | -22.2% |
| Earnings growth | -14.7% | -2151.5% | -50.7% | -88.5% | -3.3% | 88.8% |
| Current ratio | 1.29x | 1.37x | 1.35x | 1.33x | 1.23x | 1.34x |
| Debt to equity | 0.43x | 0.46x | 0.46x | 0.50x | 0.74x | 0.71x |
| Equity ratio | 42.0% | 41.6% | 40.8% | 39.1% | 36.3% | 37.3% |
| Interest coverage | -0.15x | -0.14x | 1.15x | 1.19x | 1.58x | 1.91x |
| R&D as a share of sales | 0.4% | 0.5% | 0.4% | 0.4% | 0.3% | 0.2% |
| Buybacks as a share of market value | 21.1% | -32.3% | 46.4% | -54.9% | -19.8% | -61.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.4% | -16.2% | -4.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.5% | 5.9% | 5.5% | 5.1% |
| Operating margin | -6.6% | 1.2% | 5.1% | 3.3% |
| Net margin | -10.0% | -3.7% | 0.0% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -41.2 | -49.2 | — | — | 41.6 | 34.7 | 51.3 | 77.8 | 270.0 | 157.3 |
| Price to sales | 3.6 | 5.6 | 2.1 | 3.7 | 1.8 | 1.3 | 0.8 | 0.6 | 3.0 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jul 2023.
| FY2023 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.023 | 0.012 | 0.05 | 0.015 | 0.05 | 0.09 | 0.084 | 0.033 |
- 9-for-5 split · 27 Sept 2013
- 2-for-1 split · 29 Mar 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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