G 
9.90
-1.10%
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¥8.16bn
FY2016FY2025
Net income
−CN¥39.2m
FY2016FY2025
Free cash flow
−CN¥983.1m
FY2016FY2025
Shareholders' equity
CN¥3.85bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.16bn | CN¥7.70bn | CN¥6.61bn | CN¥6.26bn | CN¥3.20bn | CN¥2.30bn | CN¥3.16bn | CN¥3.33bn | CN¥2.78bn | CN¥1.97bn |
| Gross profit | CN¥714.1m | CN¥1.41bn | CN¥1.10bn | CN¥803.9m | CN¥348.5m | CN¥140.5m | CN¥523.1m | CN¥403.3m | CN¥322.6m | CN¥329.7m |
| Research and development | CN¥196.0m | CN¥151.6m | CN¥162.9m | CN¥174.8m | CN¥124.2m | CN¥80.7m | CN¥118.8m | CN¥107.0m | CN¥83.5m | CN¥71.8m |
| Operating income | CN¥80.8m | CN¥349.7m | CN¥539.3m | CN¥495.7m | CN¥156.8m | CN¥42.3m | CN¥276.4m | CN¥201.3m | CN¥170.0m | CN¥187.1m |
| Net income | −CN¥39.2m | CN¥307.0m | CN¥453.8m | CN¥430.3m | CN¥141.0m | CN¥32.9m | CN¥242.6m | CN¥177.3m | CN¥146.9m | CN¥161.2m |
| Diluted earnings per share | -0.10 | 0.81 | 1.45 | 1.35 | 0.45 | 0.17 | 1.03 | 0.47 | 0.39 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.79bn | CN¥7.99bn | CN¥6.43bn | CN¥3.84bn | CN¥2.73bn | CN¥2.22bn | CN¥1.28bn | CN¥935.1m | CN¥738.6m | CN¥619.6m |
| Cash and short-term investments | — | CN¥740.2m | CN¥1.52bn | CN¥629.1m | CN¥574.9m | CN¥808.0m | CN¥401.6m | CN¥283.8m | CN¥214.7m | CN¥136.1m |
| Total liabilities | CN¥5.83bn | CN¥3.84bn | CN¥2.57bn | CN¥1.29bn | CN¥587.1m | CN¥214.8m | CN¥211.8m | CN¥174.3m | CN¥169.9m | CN¥201.5m |
| Debt | CN¥2.66bn | CN¥2.40bn | CN¥838.4m | CN¥623.9m | CN¥195.3m | CN¥71.8m | CN¥43.2m | — | — | — |
| Shareholders' equity | CN¥3.85bn | CN¥4.04bn | CN¥3.76bn | CN¥2.45bn | CN¥2.04bn | CN¥1.91bn | CN¥988.8m | CN¥746.0m | CN¥568.8m | CN¥418.2m |
| Shares outstanding | 376m | 377m | 312m | 318m | 315m | 194m | 235m | 376m | 376m | 376m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥191.5m | CN¥154.3m | CN¥675.1m | CN¥712.1m | CN¥144.7m | CN¥70.2m | CN¥325.2m | CN¥170.6m | CN¥127.6m | CN¥98.9m |
| Capital spending | −CN¥1.17bn | −CN¥2.06bn | −CN¥1.24bn | −CN¥1.09bn | −CN¥535.6m | −CN¥528.2m | −CN¥324.4m | −CN¥101.4m | −CN¥53.7m | −CN¥18.9m |
| Free cash flow | −CN¥983.1m | −CN¥1.90bn | −CN¥569.6m | −CN¥381.0m | −CN¥390.9m | −CN¥458.0m | CN¥867,070 | CN¥69.2m | CN¥73.8m | CN¥80.0m |
| Dividends paid | −CN¥209.2m | −CN¥103.9m | −CN¥145.6m | −CN¥15.9m | −CN¥13.6m | −CN¥113.3m | −CN¥39,891 | −CN¥39,891 | −CN¥47.1m | −CN¥1.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.45bn | CN¥2.22bn | CN¥2.81bn | CN¥1.90bn | CN¥1.58bn | CN¥1.87bn | CN¥2.01bn | CN¥1.96bn |
| Gross profit | CN¥448.6m | CN¥37.3m | CN¥195.7m | CN¥49.0m | CN¥152.3m | CN¥317.1m | CN¥314.0m | CN¥358.2m |
| Operating income | CN¥259.2m | −CN¥36.0m | CN¥88.3m | −CN¥75.2m | −CN¥7.1m | CN¥64.6m | CN¥33.1m | CN¥75.2m |
| Net income | CN¥168.6m | −CN¥59.7m | CN¥24.9m | −CN¥85.8m | −CN¥13.3m | CN¥35.0m | CN¥44.6m | CN¥60.2m |
| Diluted earnings per share | 0.45 | -0.16 | 0.07 | -0.23 | -0.04 | 0.09 | 0.12 | 0.16 |
| Cash from operations | — | — | — | −CN¥79.0m | CN¥13.0m | −CN¥92.0m | — | −CN¥105.0m |
| Capital spending | −CN¥132.0m | −CN¥115.0m | −CN¥173.0m | −CN¥139.0m | −CN¥342.0m | −CN¥519.0m | −CN¥473.0m | −CN¥541.0m |
| Free cash flow | — | — | — | −CN¥218.0m | −CN¥329.0m | −CN¥611.0m | — | −CN¥646.0m |
| Total assets | CN¥9.89bn | CN¥9.72bn | CN¥9.79bn | CN¥9.65bn | CN¥9.25bn | CN¥8.67bn | CN¥7.99bn | CN¥7.61bn |
| Cash and short-term investments | — | — | — | CN¥821.1m | CN¥731.2m | CN¥707.8m | CN¥740.2m | CN¥873.0m |
| Debt | CN¥2.37bn | CN¥2.53bn | CN¥2.66bn | CN¥1.58bn | CN¥3.35bn | CN¥2.83bn | CN¥2.35bn | CN¥2.21bn |
| Shareholders' equity | CN¥3.98bn | CN¥3.80bn | CN¥3.85bn | CN¥3.84bn | CN¥4.04bn | CN¥4.10bn | CN¥4.04bn | CN¥4.02bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 8.8% | 18.3% | 16.6% | 12.8% | 10.9% | 6.1% | — |
| Operating margin | 0.4% | 5.0% | 8.4% | 8.0% | 4.9% | 1.9% | — |
| Net margin | -0.5% | 4.0% | 6.9% | 6.9% | 4.4% | 1.4% | — |
| Return on equity | -1.0% | 7.6% | 12.1% | 17.6% | 6.9% | 1.7% | — |
| Return on assets | -0.4% | 3.8% | 7.1% | 11.2% | 5.2% | 1.5% | — |
| Free cash flow yield | 30.4% | 49.1% | 51.5% | 47.5% | 18.1% | 25.9% | — |
| Revenue growth | 5.9% | 16.5% | 5.5% | 95.6% | 39.3% | -27.3% | — |
| Earnings growth | -112.8% | -32.3% | 5.5% | 205.2% | 329.1% | -86.5% | — |
| Current ratio | 0.93x | 1.22x | 1.28x | 1.36x | 1.50x | 4.69x | — |
| Debt to equity | 0.69x | 0.58x | 0.21x | 0.24x | 0.08x | — | 0.04x |
| Equity ratio | 39.3% | 50.6% | 58.4% | 63.8% | 74.5% | 86.1% | — |
| Interest coverage | 0.46x | 11.45x | 25.26x | 62.64x | 37.81x | 92.86x | — |
| R&D as a share of sales | 2.4% | 2.0% | 2.5% | 2.8% | 3.9% | 3.5% | — |
| Buybacks as a share of market value | 0.3% | -20.8% | 1.8% | -1.0% | -62.6% | 17.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.8% | 28.6% | — |
| Operating income | -45.4% | 13.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.4% | 14.0% | 13.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -103.3 | 14.6 | 10.7 | 11.5 | 41.0 | 77.8 |
| Price to sales | 0.5 | 0.6 | 0.7 | 0.8 | 1.8 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 23 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.304 | 0.10 | 0.50 | 0.071 | 0.044 | 0.364 |
- 7-for-5 split · 4 Jul 2023
- 7-for-5 split · 20 May 2022
- 7-for-5 split · 22 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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