L 
8.42
-1.52%
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¥920.6m
FY2016FY2025
Net income
−CN¥74.4m
FY2016FY2025
Free cash flow
CN¥24.9m
FY2016FY2025
Shareholders' equity
CN¥1.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥920.6m | CN¥890.0m | CN¥955.7m | CN¥1.05bn | CN¥1.02bn | CN¥739.8m | CN¥813.6m | CN¥657.7m | CN¥628.4m | CN¥665.8m |
| Gross profit | CN¥221.1m | CN¥127.0m | CN¥166.2m | CN¥188.9m | CN¥226.8m | CN¥172.5m | CN¥242.7m | CN¥200.7m | CN¥180.4m | CN¥209.5m |
| Research and development | CN¥11.1m | CN¥8.5m | CN¥8.2m | CN¥8.3m | CN¥9.2m | CN¥9.1m | CN¥9.5m | CN¥4.4m | CN¥915,737 | CN¥1.2m |
| Operating income | CN¥17.0m | −CN¥159.5m | −CN¥71.6m | CN¥68.4m | CN¥62.3m | CN¥15.0m | CN¥66.0m | CN¥86.1m | CN¥81.1m | CN¥91.5m |
| Net income | −CN¥74.4m | −CN¥166.2m | −CN¥81.5m | CN¥60.9m | CN¥53.5m | CN¥10.5m | CN¥51.3m | CN¥63.5m | CN¥68.4m | CN¥75.9m |
| Diluted earnings per share | -0.40 | -0.87 | -0.42 | 0.23 | 0.22 | 0.05 | 0.27 | 0.33 | 0.39 | 0.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.30bn | CN¥2.41bn | CN¥2.53bn | CN¥2.69bn | CN¥2.81bn | CN¥3.08bn | CN¥2.49bn | CN¥2.05bn | CN¥1.80bn | CN¥1.34bn |
| Cash and short-term investments | — | CN¥243.8m | CN¥235.9m | CN¥256.4m | CN¥403.7m | CN¥846.7m | CN¥434.2m | CN¥403.1m | CN¥747.6m | CN¥277.4m |
| Total liabilities | CN¥1.29bn | CN¥1.32bn | CN¥1.27bn | CN¥1.33bn | CN¥1.17bn | CN¥1.49bn | CN¥1.27bn | CN¥863.7m | CN¥676.1m | CN¥581.4m |
| Debt | CN¥183.2m | CN¥747.5m | CN¥795.4m | CN¥1.01bn | CN¥719.4m | CN¥722.5m | CN¥629.7m | CN¥510.3m | CN¥452.6m | CN¥357.7m |
| Shareholders' equity | CN¥1.02bn | CN¥1.09bn | CN¥1.27bn | CN¥1.36bn | CN¥1.64bn | CN¥1.59bn | CN¥1.23bn | CN¥1.18bn | CN¥1.13bn | CN¥760.2m |
| Shares outstanding | 186m | 191m | 194m | 264m | 239m | 214m | 188m | 193m | 177m | 128m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥139.6m | CN¥63.0m | CN¥161.5m | CN¥180.0m | CN¥207.0m | CN¥141.6m | CN¥140.3m | CN¥95.2m | CN¥131.6m | CN¥174.2m |
| Capital spending | −CN¥114.7m | −CN¥110.8m | −CN¥132.1m | −CN¥205.2m | −CN¥374.9m | −CN¥409.8m | −CN¥459.9m | −CN¥212.5m | −CN¥49.4m | −CN¥57.6m |
| Free cash flow | CN¥24.9m | −CN¥47.9m | CN¥29.4m | −CN¥25.3m | −CN¥167.9m | −CN¥268.1m | −CN¥319.6m | −CN¥117.4m | CN¥82.1m | CN¥116.6m |
| Dividends paid | −CN¥31.5m | −CN¥35.5m | −CN¥50.4m | −CN¥10.9m | −CN¥4.7m | −CN¥10.5m | −CN¥44.8m | −CN¥37.9m | −CN¥31.8m | −CN¥29.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥231.3m | CN¥245.6m | CN¥291.5m | CN¥208.6m | CN¥210.1m | CN¥210.4m | CN¥240.8m | CN¥223.2m |
| Gross profit | CN¥47.5m | CN¥42.6m | CN¥93.2m | CN¥44.0m | CN¥42.0m | CN¥41.9m | CN¥56.1m | CN¥49.6m |
| Operating income | −CN¥6.3m | −CN¥13.8m | CN¥40.8m | −CN¥19.6m | −CN¥6.0m | −CN¥21.6m | −CN¥45.8m | −CN¥33.7m |
| Net income | CN¥7.0m | −CN¥31.5m | −CN¥25.9m | −CN¥20.8m | −CN¥1.7m | −CN¥26.0m | −CN¥47.8m | −CN¥30.6m |
| Diluted earnings per share | 0.04 | -0.17 | -0.14 | -0.11 | -0.01 | -0.14 | -0.25 | -0.16 |
| Cash from operations | — | — | — | CN¥58.0m | CN¥36.0m | CN¥16.0m | — | −CN¥7.0m |
| Capital spending | −CN¥33.0m | −CN¥34.0m | −CN¥31.0m | −CN¥25.0m | −CN¥21.0m | −CN¥35.0m | −CN¥1.0m | −CN¥50.0m |
| Free cash flow | — | — | — | CN¥33.0m | CN¥15.0m | −CN¥19.0m | — | −CN¥57.0m |
| Total assets | CN¥2.24bn | CN¥2.30bn | CN¥2.30bn | CN¥2.32bn | CN¥2.34bn | CN¥2.38bn | CN¥2.41bn | CN¥2.38bn |
| Cash and short-term investments | — | — | — | CN¥249.2m | CN¥252.8m | CN¥273.5m | CN¥243.8m | CN¥189.0m |
| Debt | CN¥279.3m | CN¥308.7m | CN¥183.2m | CN¥831.6m | CN¥826.5m | CN¥760.7m | CN¥712.0m | CN¥724.3m |
| Shareholders' equity | CN¥997.9m | CN¥990.9m | CN¥1.02bn | CN¥1.04bn | CN¥1.06bn | CN¥1.07bn | CN¥1.09bn | CN¥1.13bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.0% | 14.3% | 17.4% | 18.0% | 22.2% | 23.3% |
| Operating margin | -5.8% | -17.5% | -6.9% | 10.0% | 7.6% | 5.9% |
| Net margin | -8.1% | -18.7% | -8.5% | 5.8% | 5.2% | 1.4% |
| Return on equity | -7.3% | -15.2% | -6.4% | 4.5% | 3.3% | 0.7% |
| Return on assets | -3.2% | -6.9% | -3.2% | 2.3% | 1.9% | 0.3% |
| Free cash flow yield | 15.2% | 10.1% | 16.8% | 16.2% | 27.0% | 28.6% |
| Revenue growth | 3.4% | -6.9% | -9.0% | 2.8% | 38.1% | -9.1% |
| Earnings growth | -55.2% | 104.0% | -233.7% | 13.8% | 412.1% | -79.6% |
| Current ratio | 0.54x | 0.54x | 0.52x | 0.68x | 0.86x | 0.95x |
| Debt to equity | 0.18x | 0.65x | 0.60x | 0.72x | 0.35x | 0.40x |
| Equity ratio | 44.2% | 45.3% | 50.0% | 50.6% | 58.4% | 51.7% |
| Interest coverage | -3.63x | -5.56x | -3.52x | 2.84x | 3.42x | 1.39x |
| R&D as a share of sales | 1.2% | 1.0% | 0.9% | 0.8% | 0.9% | 1.2% |
| Buybacks as a share of market value | 2.5% | 1.5% | 26.6% | -10.5% | -11.8% | -13.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.3% | 4.5% | 4.6% |
| Operating income | -37.1% | 2.5% | -17.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.2% | 18.4% | 19.8% | 23.8% |
| Operating margin | -7.9% | -3.8% | -1.2% | 4.1% |
| Net margin | -13.3% | -6.8% | -3.5% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.8 | -8.7 | -26.0 | 65.7 | 51.8 | 189.6 | 42.0 | 35.9 | 53.4 |
| Price to sales | 2.2 | 1.6 | 2.2 | 3.8 | 2.7 | 2.7 | 2.6 | 3.5 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jul 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.062 | 0.047 | 0.02 | 0.055 | 0.067 | 0.073 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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