G 
5.60
-0.53%
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¥1.09bn
FY2016FY2025
Net income
−CN¥27.7m
FY2016FY2025
Free cash flow
−CN¥141.1m
FY2016FY2025
Shareholders' equity
CN¥862.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.09bn | CN¥1.28bn | CN¥1.33bn | CN¥1.45bn | CN¥1.68bn | CN¥1.26bn | CN¥1.02bn | CN¥932.6m | CN¥802.2m | CN¥501.4m |
| Gross profit | CN¥277.9m | CN¥322.5m | CN¥333.0m | CN¥311.3m | CN¥351.6m | CN¥390.3m | CN¥352.7m | CN¥226.0m | CN¥233.1m | CN¥192.3m |
| Research and development | CN¥49.4m | CN¥59.3m | CN¥65.6m | CN¥61.0m | CN¥69.2m | CN¥53.0m | CN¥37.8m | CN¥34.7m | CN¥27.3m | CN¥15.8m |
| Operating income | CN¥21.6m | CN¥13.5m | CN¥13.1m | CN¥13.8m | CN¥65.8m | CN¥137.3m | CN¥103.6m | CN¥27.0m | CN¥57.7m | CN¥56.3m |
| Net income | −CN¥27.7m | CN¥19.3m | CN¥10.2m | CN¥10.2m | CN¥50.7m | CN¥111.8m | CN¥85.4m | CN¥18.7m | CN¥45.2m | CN¥42.7m |
| Diluted earnings per share | -0.07 | 0.05 | 0.03 | 0.02 | 0.14 | 0.34 | 0.25 | 0.05 | 0.15 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.23bn | CN¥2.25bn | CN¥1.97bn | CN¥1.89bn | CN¥1.89bn | CN¥1.65bn | CN¥999.0m | CN¥877.6m | CN¥824.5m | CN¥467.7m |
| Cash and short-term investments | — | CN¥227.4m | CN¥156.0m | CN¥203.1m | CN¥411.2m | CN¥505.2m | CN¥244.6m | CN¥236.2m | CN¥183.6m | CN¥55.1m |
| Total liabilities | CN¥1.37bn | CN¥1.31bn | CN¥1.11bn | CN¥1.04bn | CN¥1.04bn | CN¥779.8m | CN¥471.6m | CN¥416.4m | CN¥339.7m | CN¥219.4m |
| Debt | CN¥214.7m | CN¥570.6m | CN¥735.9m | CN¥521.6m | CN¥388.9m | CN¥257.2m | CN¥167.1m | CN¥91.8m | CN¥114.0m | CN¥110.8m |
| Shareholders' equity | CN¥862.9m | CN¥947.8m | CN¥851.9m | CN¥854.3m | CN¥842.6m | CN¥860.8m | CN¥519.9m | CN¥461.2m | CN¥484.8m | CN¥248.4m |
| Shares outstanding | 390m | 404m | 347m | 422m | 369m | 332m | 339m | 349m | 302m | 264m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥118.5m | CN¥309.8m | CN¥183.0m | −CN¥3.0m | −CN¥3.0m | CN¥193.6m | CN¥48.9m | CN¥108.4m | CN¥73.8m | CN¥55.7m |
| Capital spending | −CN¥259.6m | −CN¥218.9m | −CN¥193.9m | −CN¥301.0m | −CN¥110.2m | −CN¥259.8m | −CN¥59.2m | −CN¥75.4m | −CN¥78.1m | −CN¥39.3m |
| Free cash flow | −CN¥141.1m | CN¥90.8m | −CN¥10.8m | −CN¥304.1m | −CN¥113.2m | −CN¥66.2m | −CN¥10.4m | CN¥32.9m | −CN¥4.3m | CN¥16.4m |
| Dividends paid | −CN¥62.9m | −CN¥41.4m | −CN¥37.4m | −CN¥18.4m | −CN¥39.8m | −CN¥50.1m | −CN¥24.9m | −CN¥35.4m | −CN¥5.7m | −CN¥43.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥275.8m | CN¥208.3m | CN¥259.9m | CN¥293.0m | CN¥287.9m | CN¥244.8m | CN¥340.5m | CN¥347.9m |
| Gross profit | CN¥58.1m | CN¥47.4m | CN¥68.2m | CN¥78.9m | CN¥74.7m | CN¥56.1m | CN¥82.1m | CN¥93.8m |
| Operating income | CN¥550,948 | −CN¥6.8m | −CN¥4.3m | CN¥4.7m | −CN¥1.9m | −CN¥5.7m | −CN¥855,130 | CN¥9.5m |
| Net income | −CN¥1.0m | −CN¥12.6m | −CN¥23.4m | CN¥4.0m | −CN¥3.0m | −CN¥5.3m | CN¥4.8m | CN¥8.7m |
| Diluted earnings per share | -0.00 | -0.03 | -0.06 | 0.01 | -0.01 | -0.01 | 0.01 | 0.02 |
| Cash from operations | — | — | — | CN¥5.0m | −CN¥3.0m | −CN¥25.0m | CN¥237.0m | CN¥80.0m |
| Capital spending | −CN¥27.0m | −CN¥23.0m | −CN¥105.0m | −CN¥20.0m | −CN¥72.0m | −CN¥60.0m | −CN¥32.0m | −CN¥44.0m |
| Free cash flow | — | — | — | −CN¥15.0m | −CN¥75.0m | −CN¥85.0m | CN¥205.0m | CN¥36.0m |
| Total assets | CN¥2.37bn | CN¥2.26bn | CN¥2.23bn | CN¥2.25bn | CN¥2.22bn | CN¥2.23bn | CN¥2.25bn | CN¥2.26bn |
| Cash and short-term investments | — | — | — | CN¥83.8m | CN¥121.5m | CN¥182.7m | CN¥227.4m | CN¥168.3m |
| Debt | CN¥289.7m | CN¥245.4m | CN¥214.7m | CN¥605.6m | CN¥594.2m | CN¥559.2m | CN¥567.4m | CN¥787.0m |
| Shareholders' equity | CN¥856.6m | CN¥850.5m | CN¥862.9m | CN¥898.8m | CN¥898.1m | CN¥940.0m | CN¥947.8m | CN¥952.4m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.6% | 25.1% | 25.0% | 21.5% | 21.0% | 31.0% |
| Operating margin | -0.5% | 3.3% | 3.1% | 2.6% | 4.3% | 12.0% |
| Net margin | -2.6% | 1.5% | 0.8% | 0.7% | 3.0% | 8.9% |
| Return on equity | -3.2% | 2.0% | 1.2% | 1.2% | 6.0% | 13.0% |
| Return on assets | -1.2% | 0.9% | 0.5% | 0.5% | 2.7% | 6.8% |
| Free cash flow yield | 17.3% | 23.3% | 19.3% | 12.6% | 5.2% | 24.3% |
| Revenue growth | -15.5% | -3.6% | -8.1% | -13.4% | 33.1% | 23.9% |
| Earnings growth | -243.8% | 88.3% | 0.5% | -79.9% | -54.6% | 30.8% |
| Current ratio | 0.62x | 0.80x | 0.87x | 0.94x | 1.21x | 1.47x |
| Debt to equity | 0.25x | 0.60x | 0.58x | 0.52x | 0.40x | 0.26x |
| Equity ratio | 38.7% | 42.1% | 43.3% | 45.2% | 44.6% | 52.2% |
| Interest coverage | -0.23x | 1.43x | 1.37x | 1.45x | 4.02x | 10.69x |
| R&D as a share of sales | 4.5% | 4.6% | 4.9% | 4.2% | 4.1% | 4.2% |
| Buybacks as a share of market value | 3.5% | -16.2% | 17.6% | -14.2% | -11.4% | 2.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | -2.9% | 7.9% |
| Operating income | 16.2% | -30.9% | -9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.3% | 24.2% | 24.6% | 26.8% |
| Operating margin | 1.5% | 1.2% | 3.3% | 4.8% |
| Net margin | -0.4% | 0.2% | 2.2% | 3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -95.7 | 104.1 | 258.9 | 365.7 | 53.5 | 21.8 | 23.3 | 103.2 | 53.4 |
| Price to sales | 2.4 | 1.6 | 2.0 | 2.6 | 1.6 | 1.9 | 2.0 | 2.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 12 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.05 | 0.05 | 0.05 | 0.107 | 0.153 | 0.077 | 0.091 |
- 7-for-5 split · 19 Jul 2021
- 7-for-5 split · 5 Jun 2020
- 7-for-5 split · 28 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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