B 
11.30
+2.17%
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¥4.06bn
FY2016FY2025
Net income
CN¥40.6m
FY2016FY2025
Free cash flow
−CN¥502.0m
FY2016FY2025
Shareholders' equity
CN¥1.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.06bn | CN¥3.08bn | CN¥2.72bn | CN¥3.21bn | CN¥2.91bn | CN¥2.48bn | CN¥2.84bn | CN¥3.27bn | CN¥2.39bn | CN¥2.07bn |
| Research and development | CN¥2.5m | CN¥4.9m | CN¥4.9m | CN¥6.5m | CN¥4.6m | CN¥40.7m | CN¥35.9m | CN¥20.6m | CN¥9.4m | CN¥1.3m |
| Operating income | CN¥70.1m | −CN¥7.1m | −CN¥40.9m | CN¥62.7m | CN¥55.7m | CN¥66.3m | −CN¥641.9m | CN¥121.4m | CN¥154.3m | CN¥81.9m |
| Net income | CN¥40.6m | −CN¥15.3m | −CN¥27.6m | CN¥62.3m | CN¥26.8m | CN¥22.3m | −CN¥285.7m | CN¥83.5m | CN¥113.2m | CN¥59.3m |
| Diluted earnings per share | 0.14 | -0.03 | -0.29 | 0.20 | 0.09 | 0.05 | -0.76 | 0.21 | 0.34 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.80bn | CN¥3.07bn | CN¥2.97bn | CN¥2.89bn | CN¥2.73bn | CN¥2.79bn | CN¥2.97bn | CN¥3.72bn | CN¥3.58bn | CN¥1.91bn |
| Cash and short-term investments | — | CN¥455.1m | CN¥620.5m | CN¥332.5m | CN¥249.5m | CN¥412.6m | CN¥435.4m | CN¥553.9m | CN¥923.0m | CN¥195.4m |
| Total liabilities | CN¥2.32bn | CN¥1.64bn | CN¥1.48bn | CN¥1.37bn | CN¥1.29bn | CN¥1.37bn | CN¥1.56bn | CN¥1.41bn | CN¥1.28bn | CN¥792.6m |
| Debt | CN¥295.4m | CN¥575.2m | CN¥764.1m | CN¥641.0m | CN¥723.1m | CN¥1.04bn | CN¥1.02bn | CN¥762.3m | CN¥659.8m | CN¥566.4m |
| Shareholders' equity | CN¥1.38bn | CN¥1.33bn | CN¥1.40bn | CN¥1.43bn | CN¥1.37bn | CN¥1.34bn | CN¥1.33bn | CN¥2.18bn | CN¥2.20bn | CN¥1.02bn |
| Shares outstanding | 298m | 506m | 95m | 315m | 294m | 436m | 376m | 396m | 329m | 299m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥315.2m | −CN¥60.2m | CN¥242.5m | CN¥176.6m | −CN¥22.3m | CN¥34.7m | CN¥348.6m | CN¥92.0m | CN¥319.8m | CN¥78.4m |
| Capital spending | −CN¥186.7m | −CN¥110.4m | −CN¥87.8m | −CN¥74.8m | −CN¥73.0m | −CN¥65.3m | −CN¥142.0m | −CN¥82.9m | −CN¥50.6m | −CN¥98.1m |
| Free cash flow | −CN¥502.0m | −CN¥170.6m | CN¥154.7m | CN¥101.8m | −CN¥95.2m | −CN¥30.5m | CN¥206.6m | CN¥9.0m | CN¥269.2m | −CN¥19.7m |
| Dividends paid | −CN¥40.7m | −CN¥35.9m | −CN¥32.5m | −CN¥38.0m | −CN¥46.0m | −CN¥54.6m | −CN¥19.8m | −CN¥112.6m | −CN¥73.5m | −CN¥40.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.19bn | CN¥861.4m | CN¥1.10bn | CN¥1.26bn | CN¥1.00bn | CN¥690.9m | CN¥950.4m | CN¥902.7m |
| Operating income | −CN¥5.9m | CN¥21.2m | CN¥86,632 | CN¥37.2m | CN¥14.0m | CN¥9.3m | CN¥33.8m | −CN¥3.1m |
| Net income | −CN¥63.3m | −CN¥19.2m | CN¥4.5m | CN¥24.3m | CN¥7.2m | CN¥4.6m | CN¥15.3m | −CN¥5.9m |
| Diluted earnings per share | -0.21 | -0.06 | 0.02 | 0.08 | 0.02 | 0.02 | 0.03 | -0.01 |
| Cash from operations | — | — | — | −CN¥205.0m | −CN¥121.0m | −CN¥77.0m | — | −CN¥170.0m |
| Capital spending | −CN¥39.0m | −CN¥53.0m | −CN¥53.0m | −CN¥37.0m | −CN¥61.0m | −CN¥34.0m | −CN¥50.0m | −CN¥25.0m |
| Free cash flow | — | — | — | −CN¥242.0m | −CN¥182.0m | −CN¥111.0m | — | −CN¥195.0m |
| Total assets | CN¥4.13bn | CN¥4.01bn | CN¥3.80bn | CN¥3.70bn | CN¥3.64bn | CN¥3.36bn | CN¥3.07bn | CN¥3.05bn |
| Cash and short-term investments | — | — | — | CN¥406.4m | CN¥665.4m | CN¥724.5m | CN¥455.1m | CN¥622.0m |
| Debt | CN¥123.9m | CN¥104.2m | CN¥295.4m | CN¥845.5m | CN¥1.04bn | CN¥904.9m | CN¥539.9m | CN¥607.4m |
| Shareholders' equity | CN¥1.28bn | CN¥1.36bn | CN¥1.38bn | CN¥1.37bn | CN¥1.35bn | CN¥1.34bn | CN¥1.33bn | CN¥1.37bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.0% | 0.9% | -0.2% | 3.1% | 2.5% | 3.8% |
| Net margin | 1.0% | -0.5% | -1.0% | 1.9% | 0.9% | 0.9% |
| Return on equity | 3.0% | -1.1% | -2.0% | 4.4% | 2.0% | 1.7% |
| Return on assets | 1.1% | -0.5% | -0.9% | 2.2% | 1.0% | 0.8% |
| Free cash flow yield | -4.0% | 0.9% | 32.5% | 7.5% | 1.6% | 2.1% |
| Revenue growth | 31.8% | 13.1% | -15.4% | 10.6% | 17.0% | -12.7% |
| Earnings growth | -366.4% | -44.7% | -144.3% | 132.3% | 20.5% | -107.8% |
| Current ratio | 1.50x | 1.56x | 1.83x | 1.30x | 1.60x | 1.38x |
| Debt to equity | 0.21x | 0.41x | 0.53x | 0.29x | 0.42x | 0.75x |
| Equity ratio | 36.2% | 43.4% | 47.1% | 49.4% | 49.9% | 48.0% |
| Interest coverage | 1.81x | 0.74x | -0.21x | 2.70x | 1.59x | 1.69x |
| R&D as a share of sales | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 1.6% |
| Buybacks as a share of market value | 41.1% | -432.9% | 69.8% | -7.0% | 32.6% | -16.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.1% | 10.3% | 8.1% |
| Operating income | 3.8% | 1.1% | 3.0% |
| Net income | -13.3% | 12.8% | -3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.9% | 0.6% | 1.1% | -0.1% |
| Net margin | 0.4% | 0.5% | 0.6% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 51.8 | -156.9 | -22.8 | 38.0 | 64.8 | 116.8 | -7.9 | 42.4 | 31.6 | 67.9 |
| Price to sales | 0.5 | 0.8 | 0.2 | 0.7 | 0.6 | 1.1 | 0.8 | 1.1 | 1.5 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.206 | 0.059 | 0.059 | 0.088 | 0.059 | 0.088 |
- 17-for-10 split · 12 Jun 2018
- 2-for-1 split · 16 Jun 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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