D 
5.23
+0.77%
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¥2.29bn
FY2016FY2025
Net income
−CN¥530.4m
FY2016FY2025
Free cash flow
CN¥129.3m
FY2016FY2025
Shareholders' equity
CN¥1.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.29bn | CN¥2.74bn | CN¥3.76bn | CN¥4.11bn | CN¥6.15bn | CN¥5.64bn | CN¥5.57bn | CN¥4.31bn | CN¥533.7m | CN¥427.5m |
| Gross profit | CN¥558.7m | CN¥510.5m | CN¥831.9m | CN¥682.2m | CN¥1.57bn | CN¥1.70bn | CN¥1.99bn | CN¥1.50bn | CN¥154.5m | CN¥132.8m |
| Research and development | CN¥96.1m | CN¥130.0m | CN¥166.4m | CN¥229.8m | CN¥250.8m | CN¥245.5m | CN¥238.1m | CN¥170.6m | CN¥14.1m | CN¥7.8m |
| Operating income | CN¥7.2m | −CN¥426.8m | −CN¥549.4m | −CN¥1.43bn | CN¥64.3m | CN¥621.4m | CN¥634.1m | CN¥434.9m | CN¥61.0m | CN¥34.8m |
| Net income | −CN¥530.4m | −CN¥569.1m | −CN¥658.1m | −CN¥1.51bn | CN¥69.1m | CN¥566.6m | CN¥566.0m | CN¥380.6m | CN¥54.5m | CN¥50.6m |
| Diluted earnings per share | -1.21 | -1.56 | -1.79 | -3.79 | 0.18 | 1.37 | 1.45 | 0.97 | 0.22 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.97bn | CN¥5.89bn | CN¥6.59bn | CN¥7.90bn | CN¥11.27bn | CN¥8.97bn | CN¥7.00bn | CN¥5.82bn | CN¥1.26bn | CN¥657.5m |
| Cash and short-term investments | — | CN¥545.7m | CN¥711.7m | CN¥905.3m | CN¥1.76bn | CN¥843.3m | CN¥502.3m | CN¥505.7m | CN¥590.7m | CN¥109.9m |
| Total liabilities | CN¥3.30bn | CN¥4.26bn | CN¥4.41bn | CN¥5.06bn | CN¥6.73bn | CN¥4.72bn | CN¥3.36bn | CN¥2.58bn | CN¥208.7m | CN¥71.8m |
| Debt | CN¥1.04bn | CN¥2.52bn | CN¥2.81bn | CN¥3.08bn | CN¥3.43bn | CN¥1.84bn | CN¥870.3m | CN¥699.3m | CN¥80.9m | — |
| Shareholders' equity | CN¥1.67bn | CN¥1.63bn | CN¥2.18bn | CN¥2.84bn | CN¥4.54bn | CN¥4.26bn | CN¥3.65bn | CN¥3.25bn | CN¥1.05bn | CN¥585.8m |
| Shares outstanding | 439m | 364m | 368m | 398m | 394m | 412m | 390m | 393m | 243m | 255m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥187.1m | CN¥132.9m | CN¥492.9m | CN¥99.4m | −CN¥148.1m | CN¥26.7m | CN¥268.7m | CN¥60.7m | CN¥100.7m | CN¥31.3m |
| Capital spending | −CN¥57.8m | −CN¥92.1m | −CN¥198.9m | −CN¥266.0m | −CN¥599.1m | −CN¥658.1m | −CN¥367.9m | −CN¥719.8m | −CN¥16.2m | −CN¥22.8m |
| Free cash flow | CN¥129.3m | CN¥40.8m | CN¥294.1m | −CN¥166.6m | −CN¥747.1m | −CN¥631.4m | −CN¥99.2m | −CN¥659.2m | CN¥84.5m | CN¥8.6m |
| Dividends paid | −CN¥54.6m | −CN¥57.0m | −CN¥67.5m | −CN¥76.1m | −CN¥76.8m | −CN¥38.3m | −CN¥114.1m | −CN¥42.8m | −CN¥25.9m | −CN¥25.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥576.7m | CN¥376.7m | CN¥535.1m | CN¥583.5m | CN¥669.4m | CN¥506.8m | CN¥693.5m | CN¥657.5m |
| Gross profit | CN¥143.0m | CN¥116.8m | CN¥173.6m | CN¥145.3m | CN¥133.8m | CN¥105.9m | CN¥71.8m | CN¥140.5m |
| Operating income | CN¥14.8m | CN¥3.8m | −CN¥21.3m | −CN¥47.5m | CN¥7.8m | −CN¥39.9m | −CN¥396.0m | −CN¥50.7m |
| Net income | −CN¥14.7m | −CN¥14.6m | −CN¥389.0m | −CN¥57.0m | −CN¥40.3m | −CN¥44.1m | −CN¥428.4m | −CN¥85.7m |
| Diluted earnings per share | -0.03 | -0.03 | -0.89 | -0.13 | -0.09 | -0.10 | -1.18 | -0.24 |
| Cash from operations | — | — | — | CN¥72.0m | CN¥79.0m | CN¥18.0m | — | CN¥109.0m |
| Capital spending | −CN¥82.0m | −CN¥5.0m | −CN¥15.0m | −CN¥7.0m | −CN¥13.0m | −CN¥21.0m | −CN¥28.0m | −CN¥90.0m |
| Free cash flow | — | — | — | CN¥65.0m | CN¥66.0m | −CN¥3.0m | — | CN¥19.0m |
| Total assets | CN¥5.06bn | CN¥4.91bn | CN¥4.97bn | CN¥5.62bn | CN¥5.71bn | CN¥5.94bn | CN¥5.89bn | CN¥6.72bn |
| Cash and short-term investments | — | — | — | CN¥723.4m | CN¥666.4m | CN¥741.9m | CN¥545.7m | CN¥678.6m |
| Debt | CN¥697.4m | CN¥877.0m | CN¥1.04bn | CN¥1.51bn | CN¥2.42bn | CN¥2.58bn | CN¥2.39bn | CN¥2.56bn |
| Shareholders' equity | CN¥2.04bn | CN¥1.85bn | CN¥1.67bn | CN¥2.05bn | CN¥1.62bn | CN¥1.59bn | CN¥1.63bn | CN¥2.01bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.3% | 18.6% | 22.1% | 16.6% | 25.5% | 30.1% |
| Operating margin | -17.3% | -15.6% | -14.6% | -34.9% | 3.0% | 12.7% |
| Net margin | -23.1% | -20.8% | -17.5% | -36.7% | 1.1% | 10.1% |
| Return on equity | -31.8% | -34.9% | -30.2% | -53.1% | 1.5% | 13.3% |
| Return on assets | -10.7% | -9.7% | -10.0% | -19.1% | 0.6% | 6.3% |
| Free cash flow yield | 10.0% | 11.1% | 33.7% | 16.5% | 20.5% | 29.8% |
| Revenue growth | -16.3% | -27.1% | -8.6% | -33.1% | 9.0% | 1.2% |
| Earnings growth | -6.8% | -13.5% | -56.3% | -2281.1% | -87.8% | 0.1% |
| Current ratio | 0.94x | 0.99x | 1.28x | 1.35x | 1.52x | 1.32x |
| Debt to equity | 0.62x | 1.46x | 1.22x | 1.02x | 0.72x | 0.42x |
| Equity ratio | 33.5% | 27.7% | 33.1% | 35.9% | 40.3% | 47.5% |
| Interest coverage | -3.02x | -2.78x | -3.24x | -7.52x | 1.37x | 7.37x |
| R&D as a share of sales | 4.2% | 4.7% | 4.4% | 5.6% | 4.1% | 4.4% |
| Buybacks as a share of market value | -20.6% | 1.1% | 7.6% | -0.9% | 4.3% | -5.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.7% | -16.5% | 19.5% |
| Operating income | — | -59.0% | -14.4% |
| Net income | -29.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.2% | 20.0% | 23.7% | 27.1% |
| Operating margin | -8.3% | -18.6% | -7.0% | -1.4% |
| Net margin | -21.8% | -25.3% | -10.6% | -4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.7 | -2.8 | -3.7 | -2.0 | 84.8 | 14.9 | 17.2 | 13.8 | 29.4 | 40.5 |
| Price to sales | 1.1 | 0.6 | 0.6 | 0.7 | 0.9 | 1.5 | 1.8 | 1.2 | 3.0 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.099 | 0.30 | 0.069 | 0.104 | 0.104 |
- 17-for-10 split · 25 Sept 2018
- 17-for-10 split · 18 May 2018
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.