H 
10.08
+0.30%
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¥789.4m
FY2016FY2025
Net income
−CN¥339.6m
FY2016FY2025
Free cash flow
−CN¥284.0m
FY2016FY2025
Shareholders' equity
CN¥1.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥789.4m | CN¥1.13bn | CN¥1.19bn | CN¥1.03bn | CN¥945.8m | CN¥1.34bn | CN¥2.10bn | CN¥2.17bn | CN¥1.15bn | CN¥760.9m |
| Research and development | CN¥93.2m | CN¥105.2m | CN¥112.8m | CN¥89.3m | CN¥99.9m | CN¥112.0m | CN¥112.4m | CN¥79.0m | CN¥69.4m | CN¥49.0m |
| Operating income | −CN¥334.5m | CN¥62.0m | CN¥79.0m | CN¥40.6m | CN¥454.8m | CN¥35.3m | CN¥228.8m | CN¥251.0m | CN¥256.1m | CN¥199.8m |
| Net income | −CN¥339.6m | CN¥58.7m | CN¥73.7m | CN¥30.2m | CN¥351.0m | CN¥29.3m | CN¥177.2m | CN¥205.8m | CN¥181.1m | CN¥175.2m |
| Diluted earnings per share | -1.09 | 0.20 | 0.26 | 0.10 | 1.13 | 0.08 | 0.59 | 0.66 | 0.59 | 0.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.46bn | CN¥3.80bn | CN¥3.44bn | CN¥3.28bn | CN¥3.07bn | CN¥2.48bn | CN¥2.67bn | CN¥2.51bn | CN¥2.18bn | CN¥1.17bn |
| Cash and short-term investments | — | CN¥842.2m | CN¥1.05bn | CN¥1.29bn | CN¥1.11bn | CN¥1.02bn | CN¥1.17bn | CN¥556.6m | CN¥354.7m | CN¥128.8m |
| Total liabilities | CN¥1.68bn | CN¥1.64bn | CN¥1.29bn | CN¥1.22bn | CN¥949.0m | CN¥691.2m | CN¥820.4m | CN¥543.8m | CN¥348.8m | CN¥358.0m |
| Debt | CN¥273.3m | CN¥714.8m | CN¥513.4m | CN¥656.7m | CN¥487.7m | CN¥269.8m | CN¥180.0m | CN¥58.0m | CN¥7.3m | CN¥106.0m |
| Shareholders' equity | CN¥1.77bn | CN¥2.16bn | CN¥2.14bn | CN¥2.04bn | CN¥2.10bn | CN¥1.78bn | CN¥1.83bn | CN¥1.95bn | CN¥1.83bn | CN¥808.2m |
| Shares outstanding | 312m | 299m | 278m | 294m | 312m | 354m | 301m | 310m | 307m | 236m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥36.3m | CN¥30.7m | CN¥35.7m | CN¥144.6m | −CN¥12.5m | −CN¥4.5m | CN¥320.1m | CN¥292.5m | CN¥223.5m | CN¥231.2m |
| Capital spending | −CN¥247.7m | −CN¥346.2m | −CN¥299.6m | −CN¥89.2m | −CN¥73.9m | −CN¥145.9m | −CN¥198.6m | −CN¥78.4m | −CN¥104.9m | −CN¥93.9m |
| Free cash flow | −CN¥284.0m | −CN¥315.5m | −CN¥263.9m | CN¥55.4m | −CN¥86.5m | −CN¥150.4m | CN¥121.5m | CN¥214.0m | CN¥118.5m | CN¥137.3m |
| Dividends paid | −CN¥110.3m | −CN¥104.6m | −CN¥41.0m | −CN¥99.1m | −CN¥24.8m | −CN¥86.7m | −CN¥202.5m | −CN¥107.5m | −CN¥92.4m | −CN¥91.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥200.0m | CN¥228.8m | CN¥208.8m | CN¥167.5m | CN¥208.1m | CN¥205.0m | CN¥294.0m | CN¥315.1m |
| Operating income | −CN¥38.0m | −CN¥9.8m | −CN¥107.2m | −CN¥121.6m | −CN¥69.4m | −CN¥35.2m | CN¥21.3m | CN¥21.9m |
| Net income | −CN¥37.1m | −CN¥7.1m | −CN¥130.8m | −CN¥116.5m | −CN¥63.5m | −CN¥28.8m | CN¥18.1m | CN¥14.3m |
| Diluted earnings per share | -0.12 | -0.02 | -0.42 | -0.37 | -0.20 | -0.09 | 0.06 | 0.05 |
| Cash from operations | — | — | — | −CN¥15.0m | −CN¥42.0m | CN¥86.0m | — | CN¥18.0m |
| Capital spending | −CN¥15.0m | −CN¥23.0m | −CN¥100.0m | −CN¥29.0m | −CN¥49.0m | −CN¥68.0m | −CN¥88.0m | −CN¥75.0m |
| Free cash flow | — | — | — | −CN¥44.0m | −CN¥91.0m | CN¥18.0m | — | −CN¥57.0m |
| Total assets | CN¥3.20bn | CN¥3.33bn | CN¥3.46bn | CN¥3.61bn | CN¥3.57bn | CN¥3.73bn | CN¥3.80bn | CN¥3.56bn |
| Cash and short-term investments | — | — | — | CN¥734.9m | CN¥586.7m | CN¥724.0m | CN¥842.2m | CN¥840.6m |
| Debt | CN¥138.7m | CN¥312.5m | CN¥273.3m | CN¥908.8m | CN¥795.7m | CN¥813.3m | CN¥710.1m | CN¥700.3m |
| Shareholders' equity | CN¥1.73bn | CN¥1.77bn | CN¥1.77bn | CN¥1.90bn | CN¥2.01bn | CN¥2.13bn | CN¥2.16bn | CN¥2.14bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -41.4% | 7.7% | 8.9% | 6.2% | 49.3% | 3.2% |
| Net margin | -43.0% | 5.2% | 6.2% | 2.9% | 37.1% | 2.2% |
| Return on equity | -19.2% | 2.7% | 3.4% | 1.5% | 16.7% | 1.7% |
| Return on assets | -9.8% | 1.5% | 2.1% | 0.9% | 11.4% | 1.2% |
| Free cash flow yield | — | 1.0% | — | — | — | — |
| Revenue growth | -30.3% | -4.6% | 15.4% | 8.7% | -29.4% | -36.3% |
| Earnings growth | -678.8% | -20.3% | 143.9% | -91.4% | 1096.8% | -83.4% |
| Current ratio | 0.87x | 1.17x | 1.70x | 2.72x | 2.66x | 2.45x |
| Debt to equity | 0.15x | 0.33x | 0.24x | 0.32x | 0.23x | 0.15x |
| Equity ratio | 51.3% | 56.8% | 62.2% | 62.3% | 68.6% | 71.5% |
| Interest coverage | -12.34x | 3.20x | 4.38x | 2.70x | 31.97x | 4.48x |
| R&D as a share of sales | 11.8% | 9.3% | 9.5% | 8.7% | 10.6% | 8.4% |
| Buybacks as a share of market value | -4.5% | -7.3% | 5.3% | 5.7% | 11.9% | -17.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.4% | -10.0% | 0.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.2% | -3.7% | 5.3% | 11.0% |
| Net margin | -14.6% | -4.3% | 3.2% | 8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.5 | 50.1 | 51.6 | 132.8 | 18.5 | 111.5 | 20.3 | 18.2 | 32.4 |
| Price to sales | 4.9 | 2.6 | 3.2 | 3.9 | 6.9 | 2.4 | 1.7 | 1.7 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 29 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.10 | 0.32 | 0.08 | 0.28 | 0.65 | 0.333 |
- 3-for-2 split · 13 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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