Z 
14.20
-0.56%
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¥616.0m
FY2016FY2025
Net income
CN¥13.8m
FY2016FY2025
Free cash flow
CN¥55.1m
FY2016FY2025
Shareholders' equity
CN¥1.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥616.0m | CN¥788.0m | CN¥916.4m | CN¥896.7m | CN¥1.38bn | CN¥1.13bn | CN¥1.02bn | CN¥758.7m | CN¥391.6m | CN¥244.3m |
| Gross profit | CN¥125.8m | CN¥195.7m | CN¥157.1m | CN¥25.7m | CN¥252.7m | CN¥284.2m | CN¥238.0m | CN¥181.7m | CN¥105.4m | CN¥73.5m |
| Research and development | CN¥34.5m | CN¥30.8m | CN¥36.3m | CN¥67.1m | CN¥46.7m | CN¥66.6m | CN¥33.5m | CN¥28.0m | CN¥18.4m | CN¥10.3m |
| Operating income | CN¥8.0m | CN¥72.6m | CN¥24.0m | −CN¥179.6m | CN¥133.2m | CN¥124.4m | CN¥148.2m | CN¥104.7m | CN¥61.2m | CN¥40.6m |
| Net income | CN¥13.8m | CN¥62.4m | CN¥18.9m | −CN¥144.1m | CN¥111.5m | CN¥101.1m | CN¥128.5m | CN¥91.9m | CN¥52.4m | CN¥34.5m |
| Diluted earnings per share | 0.08 | 0.33 | 0.10 | -0.79 | 0.64 | 0.57 | 0.95 | 0.53 | 0.47 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.77bn | CN¥1.92bn | CN¥1.97bn | CN¥2.20bn | CN¥2.34bn | CN¥1.97bn | CN¥1.09bn | CN¥783.5m | CN¥471.0m | CN¥279.3m |
| Cash and short-term investments | — | CN¥623.8m | CN¥553.4m | CN¥710.6m | CN¥856.3m | CN¥998.9m | CN¥307.4m | CN¥222.4m | CN¥172.5m | CN¥69.5m |
| Total liabilities | CN¥575.4m | CN¥689.7m | CN¥781.0m | CN¥995.0m | CN¥973.1m | CN¥685.9m | CN¥574.4m | CN¥394.3m | CN¥219.4m | CN¥156.4m |
| Debt | — | CN¥126.9m | CN¥27.3m | CN¥48.2m | CN¥59.0m | CN¥20.9m | CN¥9.9m | CN¥11.0m | CN¥13.4m | CN¥15.2m |
| Shareholders' equity | CN¥1.19bn | CN¥1.20bn | CN¥1.17bn | CN¥1.20bn | CN¥1.36bn | CN¥1.28bn | CN¥509.0m | CN¥389.2m | CN¥251.6m | CN¥122.9m |
| Shares outstanding | 175m | 187m | 181m | 183m | 175m | 177m | 135m | 175m | 111m | 111m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥62.5m | CN¥44.1m | −CN¥104.2m | −CN¥95.4m | −CN¥153.4m | CN¥11.9m | CN¥96.4m | CN¥23.3m | CN¥49.0m | CN¥27.1m |
| Capital spending | −CN¥7.4m | −CN¥23.5m | −CN¥48.7m | −CN¥48.3m | −CN¥18.2m | −CN¥10.0m | −CN¥17.3m | −CN¥19.5m | −CN¥1.3m | −CN¥3.0m |
| Free cash flow | CN¥55.1m | CN¥20.6m | −CN¥152.9m | −CN¥143.7m | −CN¥171.6m | CN¥1.9m | CN¥79.1m | CN¥3.7m | CN¥47.7m | CN¥24.1m |
| Dividends paid | −CN¥35.0m | −CN¥15.0m | −CN¥19.1m | −CN¥27.5m | −CN¥35.2m | −CN¥310,524 | −CN¥9.0m | −CN¥4.1m | −CN¥12.7m | −CN¥4.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥62.8m | CN¥119.0m | CN¥168.9m | CN¥86.1m | CN¥198.9m | CN¥162.0m | CN¥230.7m | CN¥148.2m |
| Gross profit | −CN¥1.8m | CN¥25.3m | CN¥17.2m | CN¥20.4m | CN¥42.5m | CN¥45.7m | CN¥56.6m | CN¥52.7m |
| Operating income | −CN¥31.0m | CN¥2.4m | −CN¥18.7m | CN¥1.1m | CN¥11.0m | CN¥9.6m | CN¥29.8m | CN¥19.5m |
| Net income | −CN¥26.5m | CN¥6.6m | −CN¥8.9m | CN¥2.0m | CN¥10.4m | CN¥10.4m | CN¥25.9m | CN¥16.3m |
| Diluted earnings per share | -0.15 | 0.04 | -0.05 | 0.01 | 0.06 | 0.06 | 0.14 | 0.09 |
| Cash from operations | — | — | — | CN¥58.0m | −CN¥63.0m | −CN¥81.0m | CN¥93.0m | CN¥43.0m |
| Capital spending | −CN¥4.0m | −CN¥2.0m | −CN¥1.0m | — | −CN¥1.0m | −CN¥3.0m | −CN¥2.0m | −CN¥5.0m |
| Free cash flow | — | — | — | — | −CN¥64.0m | −CN¥84.0m | CN¥91.0m | CN¥38.0m |
| Total assets | CN¥1.62bn | CN¥1.72bn | CN¥1.77bn | CN¥1.75bn | CN¥1.83bn | CN¥1.87bn | CN¥1.92bn | CN¥1.76bn |
| Cash and short-term investments | — | — | — | CN¥505.3m | CN¥449.5m | CN¥554.2m | CN¥623.8m | CN¥468.6m |
| Debt | — | — | — | CN¥110.4m | CN¥107.1m | CN¥146.6m | CN¥124.9m | CN¥52.7m |
| Shareholders' equity | CN¥1.16bn | CN¥1.20bn | CN¥1.19bn | CN¥1.20bn | CN¥1.19bn | CN¥1.21bn | CN¥1.20bn | CN¥1.18bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.4% | 24.8% | 17.1% | 2.9% | 18.3% | 25.2% | — |
| Operating margin | 1.3% | 9.6% | 3.0% | -19.2% | 10.0% | 11.0% | — |
| Net margin | 2.2% | 7.9% | 2.1% | -16.1% | 8.1% | 9.0% | — |
| Return on equity | 1.2% | 5.2% | 1.6% | -12.0% | 8.2% | 7.9% | — |
| Return on assets | 0.8% | 3.3% | 1.0% | -6.5% | 4.8% | 5.1% | — |
| Free cash flow yield | 2.6% | 2.3% | -2.0% | -1.7% | -5.0% | 0.8% | — |
| Revenue growth | -21.8% | -14.0% | 2.2% | -34.9% | 22.0% | 10.3% | — |
| Earnings growth | -77.8% | 230.1% | -113.1% | -229.2% | 10.3% | -21.3% | — |
| Current ratio | 2.77x | 2.51x | 2.29x | 2.03x | 2.25x | 2.70x | — |
| Debt to equity | — | 0.10x | 0.02x | 0.02x | 0.04x | 0.06x | 0.02x |
| Equity ratio | 67.1% | 62.8% | 59.3% | 54.3% | 58.2% | 64.9% | — |
| Interest coverage | 14.27x | 26.22x | 4.39x | -21.28x | 11.36x | 8.97x | — |
| R&D as a share of sales | 5.6% | 3.9% | 4.0% | 7.5% | 3.4% | 5.9% | — |
| Buybacks as a share of market value | 6.2% | -3.0% | 1.2% | -5.1% | 1.5% | -31.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.8% | -11.4% | 12.5% |
| Operating income | — | -42.2% | -10.9% |
| Net income | — | -32.8% | -4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.9% | 15.7% | 18.2% | 20.4% |
| Operating margin | 5.7% | -2.3% | 3.2% | 6.8% |
| Net margin | 5.4% | -1.5% | 2.9% | 5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 254.6 | 98.3 | 123.7 | -13.5 | 23.0 | 29.9 |
| Price to sales | 5.7 | 7.8 | 2.5 | 2.2 | 1.9 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 8 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.076 | 0.201 | 0.086 | 0.109 | 0.14 | 0.196 |
- 1-to-1 reverse split · 7 Jul 2025
- 1.296-for-1 split · 14 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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