D 
0.45
-1.10%
Close of 9 Nov 2026, in HKD
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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¥6.70bn
FY2015FY2025
Net income
CN¥363.6m
FY2015FY2025
Free cash flow
−CN¥1.23bn
FY2015FY2025
Shareholders' equity
CN¥16.23bn
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.70bn | CN¥5.04bn | CN¥3.50bn | CN¥3.65bn | CN¥2.86bn | CN¥2.87bn | CN¥3.03bn | CN¥3.30bn | CN¥904.6m | CN¥263.7m |
| Operating income | CN¥624.2m | CN¥555.0m | CN¥88.4m | CN¥89.4m | −CN¥20.3m | −CN¥996.6m | −CN¥689.8m | −CN¥1.73bn | −CN¥1.61bn | −CN¥396.2m |
| Net income | CN¥363.6m | CN¥284.8m | −CN¥291.1m | CN¥169.9m | −CN¥96.3m | −CN¥1.15bn | −CN¥253.6m | −CN¥1.66bn | −CN¥958.6m | CN¥466.0m |
| Diluted earnings per share | 0.01 | 0.01 | -0.01 | 0.01 | -0.00 | -0.04 | -0.01 | -0.07 | -0.04 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥23.50bn | CN¥21.46bn | CN¥15.57bn | CN¥15.58bn | CN¥15.54bn | CN¥15.85bn | CN¥16.62bn | CN¥14.98bn | CN¥19.56bn | CN¥18.98bn |
| Cash and short-term investments | CN¥4.16bn | CN¥7.42bn | CN¥3.92bn | CN¥3.54bn | CN¥3.90bn | CN¥4.41bn | CN¥4.36bn | CN¥5.09bn | CN¥8.20bn | CN¥11.87bn |
| Total liabilities | CN¥7.27bn | CN¥5.74bn | CN¥1.50bn | CN¥1.56bn | CN¥1.75bn | CN¥1.95bn | CN¥1.76bn | CN¥1.01bn | CN¥2.65bn | CN¥2.78bn |
| Debt | CN¥676.4m | CN¥544.3m | CN¥145.8m | CN¥177.2m | CN¥326.5m | CN¥702.5m | CN¥729.6m | CN¥46.3m | CN¥1.98bn | CN¥1.98bn |
| Shareholders' equity | CN¥16.23bn | CN¥15.72bn | CN¥14.07bn | CN¥14.02bn | CN¥13.79bn | CN¥13.90bn | CN¥14.86bn | CN¥13.98bn | CN¥16.92bn | CN¥16.20bn |
| Shares outstanding | 29,666m | 27,652m | 26,791m | 26,614m | 26,605m | 26,478m | 25,402m | 25,268m | 25,235m | 23,417m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.06bn | CN¥822.2m | CN¥580.4m | −CN¥497.6m | CN¥265.0m | −CN¥776.1m | −CN¥1.38bn | −CN¥1.76bn | −CN¥2.01bn | −CN¥488.2m |
| Capital spending | −CN¥176.4m | −CN¥11.9m | −CN¥9.9m | −CN¥16.7m | −CN¥22.5m | −CN¥11.8m | −CN¥58.7m | −CN¥145.9m | −CN¥57.1m | −CN¥19.0m |
| Free cash flow | −CN¥1.23bn | CN¥810.3m | CN¥570.5m | −CN¥514.3m | CN¥242.5m | −CN¥788.0m | −CN¥1.44bn | −CN¥1.91bn | −CN¥2.07bn | −CN¥507.2m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.05bn | CN¥3.65bn | CN¥3.05bn | CN¥2.42bn | CN¥2.62bn | CN¥1.31bn | CN¥1.67bn | CN¥845.8m |
| Operating income | CN¥453.2m | CN¥80.3m | CN¥391.4m | −CN¥23.9m | CN¥357.3m | CN¥165.6m | CN¥297,000 | CN¥34.7m |
| Net income | CN¥519.5m | CN¥27.0m | CN¥336.6m | −CN¥179.0m | CN¥463.8m | CN¥236.7m | −CN¥268.8m | −CN¥129.4m |
| Diluted earnings per share | 0.02 | 0.00 | 0.01 | -0.00 | 0.02 | 0.01 | -0.01 | -0.01 |
| Total assets | CN¥26.46bn | CN¥23.50bn | CN¥23.06bn | CN¥21.46bn | CN¥17.65bn | CN¥17.65bn | CN¥15.57bn | — |
| Cash and short-term investments | CN¥6.60bn | CN¥4.16bn | CN¥3.99bn | CN¥7.42bn | CN¥5.09bn | CN¥5.09bn | CN¥3.92bn | CN¥3.92bn |
| Debt | CN¥564.5m | CN¥641.1m | CN¥475.7m | CN¥538.4m | CN¥71.8m | CN¥71.8m | CN¥118.6m | — |
| Shareholders' equity | CN¥16.68bn | CN¥16.23bn | CN¥16.02bn | CN¥15.72bn | CN¥14.66bn | CN¥14.72bn | CN¥14.07bn | CN¥14.11bn |
Financial ratios
Data as of 24 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 6.5% | 9.7% | 6.1% | 1.4% | 5.6% | 8.1% | — |
| Net margin | 8.8% | 5.4% | 5.7% | -8.6% | 4.7% | -4.1% | — |
| Return on equity | 4.1% | 2.2% | 1.8% | -2.2% | 1.2% | -0.9% | — |
| Return on assets | 2.6% | 1.5% | 1.3% | -1.9% | 1.1% | -0.8% | — |
| Free cash flow yield | 20.2% | -6.3% | 6.0% | 4.7% | -3.9% | 2.3% | — |
| Revenue growth | 15.5% | 33.1% | 43.9% | -4.2% | 27.7% | -0.5% | — |
| Earnings growth | 87.1% | 27.7% | -194.1% | -278.3% | -244.9% | -89.9% | — |
| Current ratio | 1.83x | 1.82x | 2.37x | 6.57x | 5.84x | 5.37x | — |
| Debt to equity | 0.00x | 0.03x | 0.03x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 65.0% | 69.1% | 73.3% | 90.4% | 90.0% | 88.7% | — |
| Interest coverage | 40.94x | 103.32x | 396.52x | 47.83x | 16.12x | 12.36x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% |
| Buybacks as a share of market value | -0.3% | -0.0% | -11.6% | 0.3% | -0.8% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.4% | 18.4% | 48.7% |
| Operating income | 91.1% | — | — |
| Net income | 28.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.0% | 7.2% | 1.4% | -13.3% |
| Net margin | 5.5% | 2.8% | -2.9% | -11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 67.4 | 40.5 | -38.4 | 77.7 | -170.6 | -19.4 | -118.8 | -17.4 | -28.7 | 83.5 |
| Price to sales | 3.7 | 2.3 | 3.2 | 3.6 | 5.8 | 7.8 | 9.9 | 8.7 | 30.4 | 147.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 May 2004.
| FY2004 | FY2003 | |
|---|---|---|
| Paid in the year | 0.034 | 0.025 |
- 50-to-1 reverse split · 20 Dec 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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