C 
1.87
-1.58%
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¥1.68bn
FY2016FY2025
Net income
−CN¥287.1m
FY2016FY2025
Free cash flow
CN¥227.6m
FY2016FY2025
Shareholders' equity
−CN¥58.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.68bn | CN¥2.59bn | CN¥1.87bn | CN¥859.1m | CN¥1.52bn | CN¥2.21bn | CN¥3.62bn | CN¥3.65bn | CN¥4.13bn | CN¥3.40bn |
| Gross profit | CN¥345.5m | CN¥566.7m | CN¥351.7m | CN¥9.9m | −CN¥5.1m | CN¥101.8m | CN¥704.1m | CN¥687.4m | CN¥944.6m | CN¥678.1m |
| Research and development | CN¥51.2m | CN¥45.2m | CN¥55.8m | CN¥43.1m | CN¥40.3m | CN¥76.8m | CN¥103.9m | CN¥79.8m | CN¥75.7m | CN¥79.5m |
| Operating income | CN¥93.4m | −CN¥51.1m | CN¥59.4m | −CN¥417.4m | −CN¥426.4m | −CN¥363.5m | CN¥257.8m | CN¥99.4m | CN¥494.1m | CN¥326.8m |
| Net income | −CN¥287.1m | −CN¥348.2m | −CN¥193.1m | −CN¥757.1m | −CN¥682.1m | −CN¥465.7m | CN¥36.7m | −CN¥142.2m | CN¥192.7m | CN¥205.1m |
| Diluted earnings per share | -0.24 | -0.30 | -0.16 | -0.64 | -0.58 | -0.39 | 0.03 | -0.12 | 0.16 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.52bn | CN¥9.63bn | CN¥10.00bn | CN¥10.16bn | CN¥11.21bn | CN¥12.42bn | CN¥12.87bn | CN¥14.69bn | CN¥14.27bn | CN¥10.62bn |
| Cash and short-term investments | — | CN¥188.5m | CN¥246.6m | CN¥231.0m | CN¥267.7m | CN¥430.3m | CN¥579.7m | CN¥663.2m | CN¥1.02bn | CN¥657.6m |
| Total liabilities | CN¥8.44bn | CN¥9.29bn | CN¥9.24bn | CN¥9.11bn | CN¥9.39bn | CN¥9.75bn | CN¥9.50bn | CN¥11.40bn | CN¥10.92bn | CN¥7.48bn |
| Debt | CN¥1.37bn | CN¥3.48bn | CN¥4.31bn | CN¥5.06bn | CN¥5.16bn | CN¥4.86bn | CN¥3.73bn | CN¥4.28bn | CN¥4.44bn | CN¥2.53bn |
| Shareholders' equity | −CN¥58.1m | CN¥200.4m | CN¥605.2m | CN¥890.7m | CN¥1.65bn | CN¥2.48bn | CN¥3.16bn | CN¥3.15bn | CN¥3.26bn | CN¥3.09bn |
| Shares outstanding | 1,180m | 1,179m | 1,182m | 1,180m | 1,181m | 1,191m | 1,187m | 1,181m | 1,180m | 1,180m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥228.9m | CN¥61.7m | CN¥230.9m | CN¥283.1m | −CN¥187.0m | CN¥37.5m | CN¥702.2m | CN¥74.9m | CN¥40.4m | −CN¥475.2m |
| Capital spending | −CN¥1.3m | −CN¥4.7m | −CN¥2.6m | −CN¥11.6m | −CN¥6.5m | −CN¥1.27bn | −CN¥663.2m | −CN¥1.03bn | −CN¥676.5m | −CN¥264.2m |
| Free cash flow | CN¥227.6m | CN¥57.0m | CN¥228.3m | CN¥271.6m | −CN¥193.5m | −CN¥1.23bn | CN¥39.0m | −CN¥954.2m | −CN¥636.2m | −CN¥739.4m |
| Dividends paid | −CN¥86.9m | −CN¥100.0m | −CN¥123.1m | −CN¥353.6m | −CN¥162.9m | −CN¥139.0m | −CN¥315.8m | −CN¥298.1m | −CN¥206.2m | −CN¥149.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥257.6m | CN¥215.2m | CN¥230.4m | CN¥424.0m | CN¥326.0m | CN¥696.1m | CN¥542.0m | CN¥568.3m |
| Gross profit | CN¥83.3m | CN¥69.1m | −CN¥634,633 | CN¥123.5m | CN¥80.1m | CN¥142.5m | CN¥143.1m | CN¥139.6m |
| Operating income | CN¥16.2m | CN¥17.6m | −CN¥89.4m | CN¥5.7m | CN¥20.9m | CN¥79.1m | −CN¥255.8m | CN¥15.5m |
| Net income | −CN¥38.7m | −CN¥18.4m | −CN¥324.4m | CN¥1.2m | CN¥19.3m | CN¥16.9m | −CN¥424.3m | CN¥14.0m |
| Diluted earnings per share | -0.03 | -0.02 | -0.28 | 0.00 | 0.02 | 0.01 | -0.36 | 0.01 |
| Cash from operations | — | — | — | CN¥4.0m | CN¥13.0m | CN¥56.0m | — | −CN¥3.0m |
| Capital spending | — | −CN¥1.0m | — | −CN¥2.0m | — | — | −CN¥3.0m | — |
| Free cash flow | — | — | — | CN¥2.0m | — | — | — | — |
| Total assets | CN¥8.49bn | CN¥8.73bn | CN¥8.52bn | CN¥9.47bn | CN¥9.20bn | CN¥9.79bn | CN¥9.63bn | CN¥9.78bn |
| Cash and short-term investments | — | — | — | CN¥167.1m | CN¥171.7m | CN¥187.3m | CN¥188.5m | CN¥176.8m |
| Debt | CN¥1.26bn | CN¥1.37bn | CN¥1.37bn | CN¥3.56bn | CN¥1.54bn | CN¥3.56bn | CN¥3.48bn | CN¥4.91bn |
| Shareholders' equity | −CN¥112.0m | −CN¥76.1m | −CN¥58.1m | CN¥241.3m | CN¥248.9m | CN¥162.6m | CN¥200.4m | CN¥628.1m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.6% | 21.9% | 18.8% | 1.2% | -0.3% | 4.6% |
| Operating margin | -0.4% | -0.1% | 6.2% | -48.6% | -28.1% | -16.5% |
| Net margin | -17.1% | -13.4% | -10.3% | -88.1% | -45.0% | -21.1% |
| Return on equity | 494.4% | -173.7% | -31.9% | -85.0% | -41.3% | -18.8% |
| Return on assets | -3.4% | -3.6% | -1.9% | -7.4% | -6.1% | -3.8% |
| Free cash flow yield | 9.7% | 2.8% | 9.8% | 12.4% | -7.6% | 54.6% |
| Revenue growth | -35.4% | 38.9% | 117.3% | -43.4% | -31.3% | -39.1% |
| Earnings growth | -17.6% | 80.4% | -74.5% | 11.0% | 46.4% | -1370.6% |
| Current ratio | 0.48x | 0.78x | 0.79x | 0.60x | 1.06x | 1.20x |
| Debt to equity | -23.64x | 17.38x | 6.16x | 5.32x | 3.01x | 1.78x |
| Equity ratio | -0.7% | 2.1% | 6.1% | 8.8% | 14.7% | 20.0% |
| Interest coverage | -0.02x | -0.00x | 0.33x | -1.11x | -1.16x | -1.50x |
| R&D as a share of sales | 3.1% | 1.7% | 3.0% | 5.0% | 2.7% | 3.5% |
| Buybacks as a share of market value | -0.0% | 0.2% | -0.1% | 0.1% | 0.8% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.0% | -5.4% | -7.6% |
| Operating income | — | — | -8.3% |
| Net income | -27.6% | -9.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.4% | 18.2% | 12.8% | 17.2% |
| Operating margin | 1.0% | -4.5% | -10.3% | 1.0% |
| Net margin | -14.9% | -22.7% | -25.5% | -7.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.3 | -11.8 | -15.2 | -4.6 | -4.2 | -6.7 | 77.4 | -23.7 | 41.7 | 44.3 |
| Price to sales | 1.8 | 1.6 | 1.6 | 4.0 | 1.9 | 1.4 | 0.8 | 0.9 | 1.9 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 May 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.019 | 0.019 | 0.022 | 0.031 | 0.017 | 0.017 | 0.017 |
- 8-for-5 split · 18 May 2018
- 2-for-1 split · 8 Jul 2015
- 9-for-5 split · 30 Apr 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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