Z 
9.15
-1.51%
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¥1.18bn
FY2016FY2025
Net income
−CN¥63.5m
FY2016FY2025
Free cash flow
CN¥86.4m
FY2016FY2025
Shareholders' equity
CN¥1.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.18bn | CN¥1.18bn | CN¥1.29bn | CN¥1.37bn | CN¥1.19bn | CN¥1.25bn | CN¥1.36bn | CN¥1.04bn | CN¥779.4m | CN¥651.9m |
| Research and development | CN¥94.1m | CN¥131.3m | CN¥129.4m | CN¥95.6m | CN¥92.1m | CN¥102.5m | CN¥114.5m | CN¥66.0m | CN¥44.7m | CN¥30.1m |
| Operating income | CN¥22.0m | CN¥44.1m | CN¥86.3m | CN¥181.4m | CN¥153.8m | CN¥153.6m | CN¥133.6m | CN¥119.8m | CN¥104.0m | CN¥85.7m |
| Net income | −CN¥63.5m | CN¥39.9m | CN¥66.9m | CN¥155.5m | CN¥139.8m | CN¥135.9m | CN¥118.9m | CN¥106.8m | CN¥90.7m | CN¥87.5m |
| Diluted earnings per share | -0.17 | 0.13 | 0.19 | 0.46 | 0.41 | 0.41 | 0.35 | 0.30 | 0.45 | 0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.03bn | CN¥2.19bn | CN¥2.23bn | CN¥2.29bn | CN¥1.91bn | CN¥1.51bn | CN¥1.33bn | CN¥1.14bn | CN¥706.0m | CN¥616.6m |
| Cash and short-term investments | — | CN¥206.6m | CN¥213.9m | CN¥221.1m | CN¥250.4m | CN¥295.7m | CN¥197.8m | CN¥182.5m | CN¥168.1m | CN¥149.5m |
| Total liabilities | CN¥990.2m | CN¥1.04bn | CN¥1.05bn | CN¥1.09bn | CN¥797.3m | CN¥475.5m | CN¥386.4m | CN¥267.1m | CN¥217.2m | CN¥218.4m |
| Debt | CN¥309.9m | CN¥392.3m | CN¥501.9m | CN¥468.4m | CN¥286.6m | CN¥69.4m | CN¥29.5m | CN¥47.3m | CN¥85.2m | CN¥113.0m |
| Shareholders' equity | CN¥1.04bn | CN¥1.15bn | CN¥1.18bn | CN¥1.20bn | CN¥1.11bn | CN¥1.04bn | CN¥940.3m | CN¥871.3m | CN¥488.8m | CN¥398.2m |
| Shares outstanding | 367m | 315m | 355m | 336m | 344m | 328m | 337m | 358m | 200m | 245m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥104.4m | CN¥211.2m | CN¥172.7m | CN¥135.0m | CN¥205.9m | CN¥250.3m | CN¥151.3m | CN¥159.0m | CN¥58.0m | CN¥94.1m |
| Capital spending | −CN¥18.0m | −CN¥81.3m | −CN¥174.5m | −CN¥251.8m | −CN¥376.5m | −CN¥256.7m | −CN¥240.0m | −CN¥115.3m | −CN¥36.4m | −CN¥63.9m |
| Free cash flow | CN¥86.4m | CN¥129.9m | −CN¥1.9m | −CN¥116.7m | −CN¥170.6m | −CN¥6.4m | −CN¥88.7m | CN¥43.7m | CN¥21.6m | CN¥30.2m |
| Dividends paid | −CN¥64.1m | −CN¥84.7m | −CN¥102.4m | −CN¥74.3m | −CN¥74.3m | −CN¥74.4m | −CN¥74.2m | −CN¥70.0m | −CN¥5.1m | −CN¥5.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥360.2m | CN¥348.7m | CN¥292.0m | CN¥336.3m | CN¥293.4m | CN¥254.7m | CN¥305.4m | CN¥279.8m |
| Operating income | CN¥37.4m | CN¥29.7m | CN¥25.5m | −CN¥10.4m | −CN¥43.1m | CN¥3.3m | CN¥2.4m | −CN¥780,422 |
| Net income | CN¥25.1m | CN¥15.6m | −CN¥8.8m | −CN¥18.5m | −CN¥38.1m | CN¥1.9m | CN¥2.7m | −CN¥620,958 |
| Diluted earnings per share | 0.07 | 0.04 | -0.02 | -0.05 | -0.10 | 0.01 | 0.01 | -0.00 |
| Cash from operations | — | — | — | CN¥37.0m | −CN¥14.0m | CN¥23.0m | — | CN¥84.0m |
| Capital spending | −CN¥4.0m | −CN¥3.0m | −CN¥5.0m | −CN¥4.0m | −CN¥3.0m | −CN¥4.0m | −CN¥7.0m | −CN¥17.0m |
| Free cash flow | — | — | — | CN¥33.0m | −CN¥17.0m | CN¥19.0m | — | CN¥67.0m |
| Total assets | CN¥2.02bn | CN¥1.98bn | CN¥2.03bn | CN¥2.07bn | CN¥2.12bn | CN¥2.19bn | CN¥2.19bn | CN¥2.17bn |
| Cash and short-term investments | — | — | — | CN¥211.5m | CN¥201.9m | CN¥217.4m | CN¥206.6m | CN¥190.1m |
| Debt | CN¥263.1m | CN¥288.7m | CN¥309.9m | CN¥262.4m | CN¥528.6m | CN¥400.5m | CN¥386.7m | CN¥434.7m |
| Shareholders' equity | CN¥1.08bn | CN¥1.05bn | CN¥1.04bn | CN¥1.05bn | CN¥1.07bn | CN¥1.15bn | CN¥1.15bn | CN¥1.15bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -4.0% | 5.1% | 8.0% | 13.7% | 13.0% | 12.1% |
| Net margin | -5.4% | 3.4% | 5.2% | 11.3% | 11.7% | 10.8% |
| Return on equity | -6.1% | 3.5% | 5.7% | 13.0% | 12.6% | 13.1% |
| Return on assets | -3.1% | 1.8% | 3.0% | 6.8% | 7.3% | 9.0% |
| Free cash flow yield | 3.2% | 8.8% | 9.3% | 11.0% | 16.1% | 14.7% |
| Revenue growth | -0.5% | -8.5% | -5.9% | 15.3% | -5.0% | -7.9% |
| Earnings growth | -259.1% | -40.4% | -57.0% | 11.2% | 2.9% | 14.3% |
| Current ratio | 1.60x | 1.69x | 1.94x | 1.60x | 1.91x | 2.16x |
| Debt to equity | 0.30x | 0.34x | 0.42x | 0.37x | 0.26x | 0.06x |
| Equity ratio | 51.2% | 52.5% | 52.9% | 52.3% | 58.2% | 68.6% |
| Interest coverage | -3.55x | 3.44x | 5.99x | 25.39x | 58.66x | 49.33x |
| R&D as a share of sales | 8.0% | 11.1% | 10.0% | 7.0% | 7.7% | 8.2% |
| Buybacks as a share of market value | -16.5% | 11.0% | -5.6% | 2.3% | -4.8% | 2.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.0% | -1.2% | 7.4% |
| Operating income | -50.5% | -32.2% | -11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.8% | 6.6% | 8.6% | 9.8% |
| Net margin | -1.0% | 4.0% | 6.4% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -70.4 | 75.5 | 65.4 | 27.0 | 33.1 | 21.4 | 27.1 | 28.9 |
| Price to sales | 3.8 | 2.5 | 3.4 | 3.1 | 3.9 | 2.3 | 2.4 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 30 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.20 | 0.35 | 0.286 | 0.22 | 0.22 | 0.22 | 0.214 |
- 7-for-5 split · 31 May 2023
- 13-for-10 split · 27 May 2022
- 3-for-2 split · 12 Jun 2019
- 6-for-5 split · 20 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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