G 
19.94
+0.45%
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¥2.96bn
FY2016FY2025
Net income
CN¥103.9m
FY2016FY2025
Free cash flow
−CN¥73.2m
FY2016FY2025
Shareholders' equity
CN¥1.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.96bn | CN¥2.59bn | CN¥2.70bn | CN¥3.30bn | CN¥2.58bn | CN¥2.01bn | CN¥1.71bn | CN¥1.52bn | CN¥1.30bn | CN¥991.7m |
| Gross profit | CN¥409.0m | CN¥316.0m | −CN¥73.1m | CN¥481.7m | CN¥405.8m | CN¥316.6m | CN¥329.2m | CN¥373.5m | CN¥308.4m | CN¥233.1m |
| Research and development | CN¥104.2m | CN¥106.7m | CN¥134.2m | CN¥147.5m | CN¥121.0m | CN¥99.8m | CN¥79.8m | CN¥55.0m | CN¥45.3m | CN¥33.9m |
| Operating income | CN¥119.1m | −CN¥173.4m | −CN¥476.2m | CN¥85.6m | CN¥56.5m | CN¥32.5m | CN¥2.6m | CN¥144.7m | CN¥106.4m | CN¥65.5m |
| Net income | CN¥103.9m | −CN¥204.9m | −CN¥430.7m | CN¥116.9m | CN¥62.3m | CN¥36.1m | CN¥13.5m | CN¥134.6m | CN¥92.6m | CN¥63.2m |
| Diluted earnings per share | 0.22 | -0.47 | -1.08 | 0.28 | 0.14 | 0.10 | 0.04 | 0.36 | 0.25 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.77bn | CN¥3.51bn | CN¥3.24bn | CN¥3.73bn | CN¥3.03bn | CN¥2.74bn | CN¥2.59bn | CN¥2.47bn | CN¥1.58bn | CN¥995.5m |
| Cash and short-term investments | — | CN¥739.4m | CN¥328.6m | CN¥330.4m | CN¥236.4m | CN¥258.0m | CN¥143.2m | CN¥280.5m | CN¥176.7m | CN¥88.0m |
| Total liabilities | CN¥1.83bn | CN¥1.68bn | CN¥1.89bn | CN¥1.96bn | CN¥1.45bn | CN¥1.45bn | CN¥1.34bn | CN¥1.20bn | CN¥460.5m | CN¥203.4m |
| Debt | CN¥75.0m | CN¥725.4m | CN¥863.7m | CN¥927.0m | CN¥533.0m | CN¥827.8m | CN¥774.5m | CN¥747.4m | CN¥195.2m | CN¥89.5m |
| Shareholders' equity | CN¥1.94bn | CN¥1.83bn | CN¥1.35bn | CN¥1.77bn | CN¥1.58bn | CN¥1.29bn | CN¥1.25bn | CN¥1.27bn | CN¥1.11bn | CN¥792.1m |
| Shares outstanding | 465m | 434m | 399m | 422m | 432m | 374m | 374m | 374m | 375m | 402m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥18.8m | −CN¥31.4m | CN¥126.7m | CN¥7.6m | CN¥44.2m | CN¥124.9m | CN¥57.7m | −CN¥49.8m | CN¥71.4m | CN¥43.1m |
| Capital spending | −CN¥92.0m | −CN¥53.3m | −CN¥104.6m | −CN¥188.3m | −CN¥91.3m | −CN¥82.7m | −CN¥147.6m | −CN¥401.5m | −CN¥313.1m | −CN¥132.2m |
| Free cash flow | −CN¥73.2m | −CN¥84.7m | CN¥22.0m | −CN¥180.7m | −CN¥47.0m | CN¥42.2m | −CN¥89.9m | −CN¥451.3m | −CN¥241.7m | −CN¥89.1m |
| Dividends paid | −CN¥24.1m | −CN¥30.2m | −CN¥42.9m | −CN¥11.8m | −CN¥26.2m | −CN¥30.7m | −CN¥31.8m | −CN¥56.1m | −CN¥25.1m | −CN¥2.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.28bn | CN¥969.7m | CN¥920.0m | CN¥762.3m | CN¥694.0m | CN¥588.0m | CN¥755.5m | CN¥663.0m |
| Gross profit | CN¥160.6m | CN¥146.8m | CN¥123.1m | CN¥116.5m | CN¥141.1m | CN¥67.8m | CN¥133.1m | CN¥27.2m |
| Operating income | CN¥75.0m | CN¥51.9m | CN¥49.2m | CN¥35.3m | CN¥32.5m | CN¥27.9m | CN¥33.3m | −CN¥47.3m |
| Net income | CN¥53.1m | CN¥41.1m | CN¥13.5m | CN¥34.1m | CN¥31.1m | CN¥25.2m | −CN¥211.7m | −CN¥4.0m |
| Diluted earnings per share | 0.11 | 0.09 | 0.03 | 0.07 | 0.07 | 0.05 | -0.49 | -0.01 |
| Cash from operations | — | — | — | CN¥14.0m | CN¥23.0m | −CN¥2.0m | — | CN¥33.0m |
| Capital spending | −CN¥5.0m | −CN¥7.0m | −CN¥50.0m | −CN¥7.0m | −CN¥16.0m | −CN¥17.0m | −CN¥11.0m | −CN¥14.0m |
| Free cash flow | — | — | — | CN¥7.0m | CN¥7.0m | −CN¥19.0m | — | CN¥19.0m |
| Total assets | CN¥4.15bn | CN¥4.08bn | CN¥3.77bn | CN¥3.64bn | CN¥3.48bn | CN¥3.48bn | CN¥3.51bn | CN¥3.11bn |
| Cash and short-term investments | — | — | — | CN¥761.1m | CN¥719.9m | CN¥761.0m | CN¥739.4m | CN¥201.1m |
| Debt | CN¥34.0m | CN¥115.0m | CN¥75.0m | CN¥1.12bn | CN¥728.8m | CN¥726.2m | CN¥723.9m | CN¥1.26bn |
| Shareholders' equity | CN¥1.98bn | CN¥1.98bn | CN¥1.94bn | CN¥1.92bn | CN¥1.89bn | CN¥1.86bn | CN¥1.83bn | CN¥1.35bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.8% | 12.2% | -2.7% | 14.6% | 15.7% | 15.7% |
| Operating margin | 4.6% | 0.2% | -15.3% | 3.4% | 2.8% | 2.4% |
| Net margin | 3.5% | -7.9% | -16.0% | 3.5% | 2.4% | 1.8% |
| Return on equity | 5.4% | -11.2% | -32.0% | 6.6% | 3.9% | 2.8% |
| Return on assets | 2.8% | -5.8% | -13.3% | 3.1% | 2.1% | 1.3% |
| Free cash flow yield | 1.1% | 0.2% | 2.6% | 2.1% | 1.4% | 2.5% |
| Revenue growth | 14.5% | -4.1% | -18.3% | 28.0% | 28.1% | 17.5% |
| Earnings growth | -150.7% | -52.4% | -468.5% | 87.6% | 72.4% | 167.6% |
| Current ratio | 1.38x | 1.42x | 1.06x | 1.36x | 1.34x | 1.45x |
| Debt to equity | 0.04x | 0.40x | 0.63x | 0.52x | 0.29x | 0.60x |
| Equity ratio | 51.4% | 52.2% | 41.6% | 47.5% | 52.1% | 47.0% |
| Interest coverage | 6.30x | 0.17x | -9.44x | 2.58x | 1.82x | 1.22x |
| R&D as a share of sales | 3.5% | 4.1% | 5.0% | 4.5% | 4.7% | 5.0% |
| Buybacks as a share of market value | -7.3% | -8.7% | 5.6% | 2.3% | -15.5% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.5% | 8.0% | 13.1% |
| Operating income | 11.7% | 29.6% | 6.6% |
| Net income | -3.8% | 23.5% | 6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.1% | 9.8% | 11.5% | 14.7% |
| Operating margin | -1.0% | -3.9% | -2.2% | 0.1% |
| Net margin | -1.8% | -3.6% | -2.0% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 89.8 | -34.9 | -13.8 | 65.3 | 145.6 | 129.4 | 344.8 | 44.1 | 61.4 | 124.2 |
| Price to sales | 3.1 | 2.8 | 2.2 | 2.3 | 3.5 | 2.3 | 2.7 | 3.9 | 4.4 | 7.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2022.
| FY2022 | FY2019 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.085 | 0.10 | 0.05 | 0.067 |
- 3-for-1 split · 2 Nov 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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