A 
3.79
+1.34%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥1.92bn
FY2016FY2025
Net income
−CN¥888.9m
FY2016FY2025
Free cash flow
−CN¥224.6m
FY2016FY2025
Shareholders' equity
CN¥2.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.92bn | CN¥3.94bn | CN¥4.64bn | CN¥4.76bn | CN¥5.74bn | CN¥4.07bn | CN¥3.74bn | CN¥3.53bn | CN¥2.81bn | CN¥2.38bn |
| Gross profit | CN¥137.9m | CN¥632.5m | CN¥715.3m | CN¥725.0m | CN¥791.9m | CN¥615.3m | CN¥621.6m | CN¥534.6m | CN¥383.2m | CN¥307.3m |
| Research and development | CN¥96.1m | CN¥142.9m | CN¥185.4m | CN¥184.0m | CN¥200.4m | CN¥142.9m | CN¥146.0m | CN¥117.2m | CN¥99.6m | CN¥76.0m |
| Operating income | −CN¥173.2m | CN¥248.6m | CN¥102.8m | CN¥102.8m | CN¥177.6m | CN¥144.4m | CN¥258.0m | CN¥200.7m | CN¥194.0m | CN¥124.9m |
| Net income | −CN¥888.9m | CN¥51.4m | CN¥96.1m | CN¥97.5m | CN¥166.1m | CN¥132.9m | CN¥90.3m | CN¥82.4m | CN¥70.2m | CN¥50.4m |
| Diluted earnings per share | -1.76 | 0.11 | 0.23 | 0.23 | 0.37 | 0.41 | 0.28 | 0.25 | 0.17 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.77bn | CN¥10.20bn | CN¥10.52bn | CN¥11.06bn | CN¥10.08bn | CN¥9.05bn | CN¥7.68bn | CN¥7.08bn | CN¥5.99bn | CN¥5.42bn |
| Cash and short-term investments | — | CN¥615.5m | CN¥813.2m | CN¥656.8m | CN¥1.00bn | CN¥1.48bn | CN¥729.2m | CN¥626.9m | CN¥555.1m | CN¥1.15bn |
| Total liabilities | CN¥6.35bn | CN¥6.93bn | CN¥7.27bn | CN¥7.88bn | CN¥6.98bn | CN¥6.09bn | CN¥5.47bn | CN¥4.95bn | CN¥3.96bn | CN¥3.49bn |
| Debt | CN¥210.3m | CN¥2.83bn | CN¥2.98bn | CN¥3.47bn | CN¥2.46bn | CN¥2.15bn | CN¥2.08bn | CN¥2.42bn | CN¥2.31bn | CN¥1.55bn |
| Shareholders' equity | CN¥2.37bn | CN¥3.22bn | CN¥3.20bn | CN¥3.12bn | CN¥3.05bn | CN¥2.91bn | CN¥2.17bn | CN¥2.06bn | CN¥1.98bn | CN¥1.92bn |
| Shares outstanding | 506m | 468m | 419m | 416m | 454m | 324m | 319m | 325m | 420m | 360m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥201.7m | CN¥63.3m | CN¥20.1m | −CN¥676.7m | −CN¥631.6m | CN¥213.5m | CN¥399.9m | CN¥328.6m | −CN¥658.5m | −CN¥546.4m |
| Capital spending | −CN¥22.9m | −CN¥32.7m | −CN¥38.6m | −CN¥20.8m | −CN¥105.0m | −CN¥80.1m | −CN¥150.1m | −CN¥372.2m | −CN¥388.9m | −CN¥312.0m |
| Free cash flow | −CN¥224.6m | CN¥30.6m | −CN¥18.5m | −CN¥697.5m | −CN¥736.6m | CN¥133.4m | CN¥249.8m | −CN¥43.6m | −CN¥1.05bn | −CN¥858.4m |
| Dividends paid | −CN¥190.1m | −CN¥168.7m | −CN¥165.6m | −CN¥33.5m | −CN¥127.9m | −CN¥18.2m | −CN¥16.8m | −CN¥126.4m | −CN¥122.1m | −CN¥80.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥102.5m | CN¥124.2m | CN¥19.5m | CN¥428.4m | CN¥986.5m | CN¥933.3m | CN¥1.02bn | CN¥833.8m |
| Gross profit | −CN¥90.4m | CN¥5.9m | −CN¥202.9m | CN¥85.1m | CN¥126.3m | CN¥129.4m | CN¥226.8m | CN¥139.6m |
| Operating income | −CN¥145.5m | −CN¥42.0m | −CN¥339.4m | CN¥12.8m | CN¥47.9m | CN¥59.9m | CN¥52.9m | CN¥77.4m |
| Net income | −CN¥340.7m | −CN¥45.1m | −CN¥930.2m | CN¥10.7m | CN¥13.2m | CN¥17.4m | −CN¥16.5m | CN¥30.1m |
| Diluted earnings per share | -0.67 | -0.09 | -1.84 | 0.02 | 0.03 | 0.03 | -0.04 | 0.06 |
| Cash from operations | — | — | — | −CN¥41.0m | CN¥257.0m | −CN¥38.0m | CN¥41.0m | CN¥134.0m |
| Capital spending | −CN¥1.0m | — | −CN¥9.0m | −CN¥6.0m | −CN¥3.0m | −CN¥4.0m | −CN¥26.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥47.0m | CN¥254.0m | −CN¥42.0m | CN¥15.0m | CN¥131.0m |
| Total assets | CN¥8.22bn | CN¥8.20bn | CN¥8.77bn | CN¥10.01bn | CN¥10.21bn | CN¥10.11bn | CN¥10.20bn | CN¥10.55bn |
| Cash and short-term investments | — | — | — | CN¥761.1m | CN¥818.8m | CN¥767.1m | CN¥615.5m | CN¥595.4m |
| Debt | CN¥118.5m | CN¥180.0m | CN¥210.3m | CN¥4.48bn | CN¥2.80bn | CN¥2.82bn | CN¥2.80bn | CN¥2.68bn |
| Shareholders' equity | CN¥1.98bn | CN¥2.32bn | CN¥2.37bn | CN¥3.30bn | CN¥3.25bn | CN¥3.23bn | CN¥3.22bn | CN¥3.23bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.2% | 16.1% | 15.4% | 15.2% | 13.8% | 15.1% |
| Operating margin | -43.5% | 6.5% | 6.6% | 6.1% | 5.9% | 7.2% |
| Net margin | -46.4% | 1.3% | 2.1% | 2.0% | 2.9% | 3.3% |
| Return on equity | -37.6% | 1.6% | 3.0% | 3.1% | 5.4% | 4.6% |
| Return on assets | -10.1% | 0.5% | 0.9% | 0.9% | 1.6% | 1.5% |
| Free cash flow yield | -9.2% | 5.3% | 3.6% | -40.9% | -30.1% | 23.5% |
| Revenue growth | -51.3% | -15.1% | -2.6% | -17.1% | 40.8% | 8.9% |
| Earnings growth | -1830.3% | -46.5% | -1.5% | -41.3% | 25.0% | 47.2% |
| Current ratio | 1.13x | 1.26x | 1.33x | 1.32x | 1.28x | 1.29x |
| Debt to equity | 0.09x | 0.87x | 0.90x | 0.88x | 0.58x | 0.74x |
| Equity ratio | 27.0% | 31.5% | 30.4% | 28.2% | 30.3% | 32.2% |
| Interest coverage | -3.84x | 1.34x | 1.50x | 1.55x | 2.09x | 1.96x |
| R&D as a share of sales | 5.0% | 3.6% | 4.0% | 3.9% | 3.5% | 3.5% |
| Buybacks as a share of market value | -8.1% | -11.7% | -0.6% | 8.3% | -40.2% | -1.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.1% | -14.0% | 2.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.2% | 14.5% | 14.4% | 14.7% |
| Operating margin | 1.3% | 1.8% | 2.4% | 3.6% |
| Net margin | -14.3% | -4.2% | -1.4% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | 59.9 | 26.1 | 22.8 | 19.6 | 15.9 | 22.9 | 23.0 | 63.2 | 112.2 |
| Price to sales | 1.4 | 0.8 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 1.6 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Aug 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.067 | 0.046 | 0.077 | 0.062 | 0.054 | 0.05 | 0.042 | 0.03 |
- 2-for-1 split · 12 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.