C 
0.25
-1.96%
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¥3.52bn
FY2016FY2025
Net income
−CN¥435.9m
FY2016FY2025
Free cash flow
−CN¥317.6m
FY2016FY2025
Shareholders' equity
CN¥4.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.52bn | CN¥3.13bn | CN¥3.38bn | CN¥3.71bn | CN¥3.48bn | CN¥3.11bn | CN¥2.96bn | CN¥2.53bn | CN¥2.17bn | CN¥4.05bn |
| Gross profit | CN¥881.8m | CN¥925.9m | CN¥1.03bn | CN¥1.18bn | CN¥1.24bn | CN¥1.20bn | CN¥1.09bn | CN¥812.6m | CN¥1.22bn | CN¥1.96bn |
| Research and development | CN¥3.3m | CN¥2.7m | CN¥7.1m | CN¥8.4m | CN¥7.0m | CN¥16.7m | CN¥6.5m | CN¥6.9m | CN¥8.5m | CN¥14.5m |
| Operating income | CN¥647.1m | CN¥779.1m | CN¥794.1m | CN¥945.2m | CN¥1.03bn | CN¥1.01bn | CN¥889.1m | CN¥599.0m | CN¥1.09bn | CN¥1.45bn |
| Net income | −CN¥435.9m | −CN¥65.5m | CN¥86.1m | CN¥486.2m | CN¥550.7m | CN¥474.8m | CN¥32.4m | −CN¥1.12bn | CN¥44.2m | CN¥794.6m |
| Diluted earnings per share | -0.05 | -0.01 | 0.01 | 0.06 | 0.07 | 0.05 | 0.01 | -0.18 | 0.01 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.31bn | CN¥8.46bn | CN¥8.52bn | CN¥9.21bn | CN¥8.33bn | CN¥7.85bn | CN¥7.71bn | CN¥8.82bn | CN¥12.28bn | CN¥12.26bn |
| Cash and short-term investments | CN¥1.31bn | CN¥697.2m | CN¥525.5m | CN¥1.16bn | CN¥676.7m | CN¥428.7m | CN¥225.6m | CN¥121.6m | CN¥1.06bn | CN¥1.40bn |
| Total liabilities | CN¥4.87bn | CN¥4.29bn | CN¥4.28bn | CN¥4.23bn | CN¥3.79bn | CN¥3.86bn | CN¥4.89bn | CN¥5.46bn | CN¥6.01bn | CN¥4.85bn |
| Debt | CN¥2.63bn | CN¥2.33bn | CN¥2.18bn | CN¥1.85bn | CN¥1.68bn | CN¥1.37bn | CN¥2.22bn | CN¥2.27bn | CN¥3.37bn | CN¥2.67bn |
| Shareholders' equity | CN¥4.19bn | CN¥3.96bn | CN¥4.02bn | CN¥4.73bn | CN¥4.30bn | CN¥3.73bn | CN¥2.55bn | CN¥2.36bn | CN¥5.04bn | CN¥6.23bn |
| Shares outstanding | 8,323m | 8,247m | 8,348m | 8,402m | 8,381m | 8,856m | 6,354m | 6,354m | 6,354m | 6,457m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.14bn | CN¥916.2m | CN¥940.3m | CN¥1.31bn | CN¥1.20bn | CN¥1.27bn | CN¥1.02bn | CN¥1.14bn | −CN¥132.1m | CN¥1.10bn |
| Capital spending | −CN¥1.45bn | −CN¥1.40bn | −CN¥1.32bn | −CN¥1.16bn | −CN¥936.3m | −CN¥813.6m | −CN¥745.8m | −CN¥563.3m | −CN¥1.35bn | −CN¥1.54bn |
| Free cash flow | −CN¥317.6m | −CN¥482.2m | −CN¥375.5m | CN¥147.1m | CN¥261.8m | CN¥459.5m | CN¥276.0m | CN¥572.1m | −CN¥1.49bn | −CN¥436.8m |
| Dividends paid | −CN¥685,329 | −CN¥16.9m | −CN¥87.2m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.78bn | CN¥1.83bn | CN¥1.69bn | CN¥1.64bn | CN¥1.49bn | CN¥1.82bn | CN¥1.83bn | CN¥1.90bn |
| Gross profit | CN¥515.6m | CN¥455.8m | −CN¥124.2m | CN¥510.6m | CN¥394.5m | CN¥603.2m | CN¥488.4m | CN¥583.7m |
| Operating income | CN¥414.2m | CN¥316.7m | −CN¥219.7m | CN¥397.8m | CN¥302.9m | CN¥472.2m | CN¥372.2m | CN¥460.6m |
| Net income | CN¥73.7m | −CN¥379.5m | −CN¥56.4m | CN¥78.2m | −CN¥143.7m | CN¥62.7m | CN¥27.2m | CN¥219.0m |
| Diluted earnings per share | 0.01 | -0.05 | -0.01 | 0.01 | -0.02 | 0.01 | 0.00 | 0.03 |
| Cash from operations | — | CN¥400.0m | CN¥621.0m | CN¥698.0m | CN¥217.0m | CN¥427.0m | CN¥670.0m | CN¥848.0m |
| Capital spending | — | −CN¥716.0m | −CN¥794.0m | −CN¥654.0m | −CN¥740.0m | −CN¥888.0m | −CN¥641.0m | −CN¥627.0m |
| Free cash flow | — | −CN¥316.0m | −CN¥173.0m | CN¥44.0m | −CN¥523.0m | −CN¥461.0m | CN¥29.0m | CN¥221.0m |
| Total assets | CN¥8.37bn | CN¥9.31bn | CN¥9.37bn | CN¥8.46bn | CN¥8.06bn | CN¥8.52bn | CN¥9.07bn | CN¥9.21bn |
| Cash and short-term investments | CN¥878.7m | CN¥1.31bn | CN¥1.17bn | CN¥697.2m | CN¥420.2m | CN¥525.5m | CN¥1.46bn | CN¥1.16bn |
| Debt | CN¥1.90bn | CN¥2.60bn | CN¥2.69bn | CN¥2.33bn | CN¥2.55bn | CN¥2.18bn | CN¥2.38bn | CN¥2.16bn |
| Shareholders' equity | CN¥4.26bn | CN¥4.19bn | CN¥4.57bn | CN¥3.96bn | CN¥3.87bn | CN¥4.02bn | CN¥4.64bn | CN¥4.73bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.1% | 29.6% | 30.3% | 31.9% | 35.7% | 38.5% |
| Operating margin | 18.5% | 22.5% | 23.5% | 25.7% | 29.9% | 33.2% |
| Net margin | -12.4% | -2.1% | 2.5% | 13.1% | 15.8% | 15.3% |
| Return on equity | -10.4% | -1.7% | 2.1% | 10.3% | 12.8% | 12.7% |
| Return on assets | -4.7% | -0.8% | 1.0% | 5.3% | 6.6% | 6.0% |
| Free cash flow yield | 97.0% | 102.1% | 98.3% | 91.8% | 79.3% | 73.4% |
| Revenue growth | -3.6% | -7.6% | 6.5% | 6.4% | 12.2% | 4.8% |
| Earnings growth | 470.1% | -176.1% | -79.3% | -11.7% | 16.0% | 1365.9% |
| Current ratio | 0.88x | 0.80x | 0.71x | 0.93x | 0.72x | 0.67x |
| Debt to equity | 0.62x | 0.58x | 0.53x | 0.45x | 0.46x | 0.43x |
| Equity ratio | 45.0% | 46.8% | 47.2% | 51.4% | 51.6% | 47.5% |
| Interest coverage | 15.11x | 14.82x | 14.95x | 12.64x | 13.94x | 7.56x |
| R&D as a share of sales | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.5% |
| Buybacks as a share of market value | -0.9% | 1.2% | 0.6% | -0.3% | 5.4% | -39.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.8% | 2.5% | -0.3% |
| Operating income | -11.9% | -8.6% | -6.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.2% | 29.2% | 31.8% | 37.2% |
| Operating margin | 21.5% | 23.0% | 25.6% | 29.5% |
| Net margin | -7.5% | 0.5% | 5.4% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.8 | -18.7 | 22.6 | 4.9 | 7.1 | 12.3 | 43.1 | -1.8 | 159.3 | 15.4 |
| Price to sales | 0.7 | 0.4 | 0.6 | 0.7 | 1.1 | 1.9 | 0.5 | 0.8 | 3.2 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 0.002 | 0.011 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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