Z 
15.45
+1.31%
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¥1.57bn
FY2016FY2025
Net income
CN¥18.8m
FY2016FY2025
Free cash flow
−CN¥135.5m
FY2016FY2025
Shareholders' equity
CN¥1.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.57bn | CN¥1.40bn | CN¥1.34bn | CN¥1.60bn | CN¥1.53bn | CN¥1.03bn | CN¥709.1m | CN¥439.0m | CN¥400.6m | CN¥344.1m |
| Gross profit | CN¥423.3m | CN¥97.3m | CN¥160.4m | CN¥358.3m | CN¥374.2m | CN¥257.5m | CN¥155.6m | CN¥105.7m | CN¥113.2m | CN¥97.2m |
| Research and development | CN¥71.9m | CN¥43.1m | CN¥29.1m | CN¥40.1m | CN¥35.7m | CN¥24.7m | CN¥22.9m | CN¥21.6m | CN¥22.1m | CN¥20.2m |
| Operating income | CN¥50.2m | −CN¥182.2m | −CN¥155.7m | CN¥223.4m | CN¥217.7m | CN¥143.4m | −CN¥22.8m | CN¥35.3m | CN¥56.4m | CN¥39.5m |
| Net income | CN¥18.8m | −CN¥185.5m | −CN¥188.2m | CN¥184.9m | CN¥173.7m | CN¥118.4m | −CN¥54.7m | CN¥36.2m | CN¥47.0m | CN¥32.8m |
| Diluted earnings per share | 0.06 | -0.57 | -0.58 | 0.56 | 0.53 | 0.40 | -0.29 | 0.15 | 0.24 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.45bn | CN¥3.19bn | CN¥3.19bn | CN¥3.01bn | CN¥2.26bn | CN¥1.60bn | CN¥1.87bn | CN¥708.0m | CN¥685.4m | CN¥489.3m |
| Cash and short-term investments | — | CN¥310.6m | CN¥247.0m | CN¥530.9m | CN¥639.0m | CN¥187.8m | CN¥638.9m | CN¥113.6m | CN¥219.3m | CN¥60.3m |
| Total liabilities | CN¥1.89bn | CN¥1.66bn | CN¥1.47bn | CN¥1.05bn | CN¥679.8m | CN¥591.4m | CN¥808.2m | CN¥234.9m | CN¥231.6m | CN¥214.6m |
| Debt | CN¥222.5m | CN¥983.5m | CN¥936.4m | CN¥639.8m | CN¥386.0m | CN¥392.4m | CN¥475.2m | CN¥150.0m | CN¥119.3m | CN¥114.5m |
| Shareholders' equity | CN¥1.32bn | CN¥1.30bn | CN¥1.48bn | CN¥1.73bn | CN¥1.58bn | CN¥1.01bn | CN¥1.06bn | CN¥473.1m | CN¥453.8m | CN¥274.7m |
| Shares outstanding | 325m | 326m | 324m | 328m | 327m | 293m | 187m | 235m | 196m | 165m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.7m | −CN¥74.8m | −CN¥199.1m | CN¥68.9m | CN¥152.2m | CN¥192.5m | CN¥104.4m | CN¥35.2m | CN¥42.2m | CN¥51.2m |
| Capital spending | −CN¥137.2m | −CN¥107.6m | −CN¥231.1m | −CN¥215.1m | −CN¥88.7m | −CN¥204.6m | −CN¥63.8m | −CN¥48.2m | −CN¥31.6m | −CN¥21.8m |
| Free cash flow | −CN¥135.5m | −CN¥182.4m | −CN¥430.2m | −CN¥146.2m | CN¥63.5m | −CN¥12.1m | CN¥40.6m | −CN¥13.0m | CN¥10.5m | CN¥29.3m |
| Dividends paid | −CN¥44.2m | −CN¥38.1m | −CN¥65.6m | −CN¥77.3m | −CN¥69.0m | −CN¥18.9m | −CN¥11.2m | −CN¥23.2m | −CN¥18.3m | −CN¥8.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥484.0m | CN¥310.8m | CN¥412.3m | CN¥381.8m | CN¥418.5m | CN¥355.7m | CN¥376.4m | CN¥381.9m |
| Gross profit | CN¥77.8m | CN¥43.8m | CN¥64.1m | CN¥52.5m | CN¥55.8m | CN¥62.8m | CN¥625,690 | CN¥43.4m |
| Operating income | CN¥24.0m | CN¥8.1m | CN¥7.7m | CN¥5.0m | CN¥1.9m | CN¥5.6m | −CN¥57.8m | −CN¥23.1m |
| Net income | CN¥9.4m | −CN¥5.0m | CN¥11.0m | CN¥2.4m | CN¥2.3m | CN¥3.1m | −CN¥142.5m | −CN¥19.9m |
| Diluted earnings per share | 0.03 | -0.02 | 0.03 | 0.01 | 0.01 | 0.01 | -0.44 | -0.06 |
| Cash from operations | — | — | — | −CN¥56.0m | CN¥69.0m | −CN¥22.0m | — | −CN¥49.0m |
| Capital spending | −CN¥6.0m | −CN¥49.0m | −CN¥38.0m | −CN¥38.0m | −CN¥48.0m | −CN¥11.0m | −CN¥39.0m | −CN¥12.0m |
| Free cash flow | — | — | — | −CN¥94.0m | CN¥21.0m | −CN¥33.0m | — | −CN¥61.0m |
| Total assets | CN¥3.64bn | CN¥3.64bn | CN¥3.45bn | CN¥3.44bn | CN¥3.32bn | CN¥3.24bn | CN¥3.19bn | CN¥3.28bn |
| Cash and short-term investments | — | — | — | CN¥384.3m | CN¥357.4m | CN¥267.8m | CN¥310.6m | CN¥298.1m |
| Debt | CN¥226.2m | CN¥366.5m | CN¥222.5m | CN¥1.11bn | CN¥963.7m | CN¥1.05bn | CN¥983.5m | CN¥1.18bn |
| Shareholders' equity | CN¥1.50bn | CN¥1.49bn | CN¥1.32bn | CN¥1.31bn | CN¥1.30bn | CN¥1.30bn | CN¥1.30bn | CN¥1.44bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.9% | 6.9% | 11.9% | 22.4% | 24.5% | 24.9% |
| Operating margin | 3.3% | -5.2% | -0.5% | 13.3% | 15.6% | 15.8% |
| Net margin | 1.2% | -13.2% | -14.0% | 11.5% | 11.4% | 11.4% |
| Return on equity | 1.4% | -14.3% | -12.7% | 10.7% | 11.0% | 11.7% |
| Return on assets | 0.5% | -5.8% | -5.9% | 6.1% | 7.7% | 7.4% |
| Free cash flow yield | 2.6% | 0.6% | 0.6% | 5.2% | 4.4% | 8.1% |
| Revenue growth | 11.9% | 4.5% | -16.2% | 5.0% | 47.6% | 45.8% |
| Earnings growth | -110.1% | -1.4% | -201.8% | 6.5% | 46.7% | -316.5% |
| Current ratio | 0.71x | 0.78x | 1.05x | 1.53x | 1.76x | 1.36x |
| Debt to equity | 0.17x | 0.76x | 0.63x | 0.37x | 0.20x | 0.40x |
| Equity ratio | 38.2% | 40.7% | 46.5% | 57.7% | 70.0% | 63.1% |
| Interest coverage | 1.18x | -1.78x | -0.22x | 10.52x | 11.93x | 8.17x |
| R&D as a share of sales | 4.6% | 3.1% | 2.2% | 2.5% | 2.3% | 2.4% |
| Buybacks as a share of market value | 0.0% | -0.6% | 1.4% | -0.2% | -11.8% | -56.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.7% | 8.7% | 15.3% |
| Operating income | -39.2% | -18.9% | 1.8% |
| Net income | -53.3% | -30.8% | -6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.5% | 17.6% | 19.7% | 20.9% |
| Operating margin | -4.4% | -1.1% | 3.5% | 4.2% |
| Net margin | -5.6% | -2.9% | 1.4% | 2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 423.6 | -22.4 | -31.4 | 35.8 | 38.5 | 28.6 | -43.5 | 68.0 | 69.8 |
| Price to sales | 5.1 | 3.0 | 4.4 | 4.1 | 4.4 | 3.3 | 3.4 | 5.6 | 8.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.25 | 0.179 | 0.048 | 0.071 |
- 7-for-5 split · 8 Jun 2022
- 3-for-2 split · 18 Jun 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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