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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¥17.79bn
FY2016FY2025
Net income
−CN¥1.41bn
FY2016FY2025
Free cash flow
−CN¥8.86bn
FY2016FY2025
Shareholders' equity
CN¥36.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.79bn | CN¥21.21bn | CN¥30.75bn | CN¥42.95bn | CN¥26.27bn | CN¥16.54bn | CN¥10.17bn | CN¥14.06bn | CN¥13.32bn | CN¥14.00bn |
| Gross profit | CN¥1.05bn | CN¥1.36bn | CN¥9.37bn | CN¥23.73bn | CN¥12.59bn | CN¥2.68bn | CN¥2.14bn | CN¥2.81bn | CN¥2.91bn | CN¥2.33bn |
| Research and development | CN¥430.3m | CN¥367.0m | CN¥274.0m | CN¥379.4m | CN¥393.3m | CN¥225.2m | — | — | — | — |
| Operating income | −CN¥1.63bn | −CN¥4.17bn | CN¥6.68bn | CN¥19.65bn | CN¥8.65bn | CN¥1.05bn | CN¥1.04bn | CN¥1.76bn | CN¥1.78bn | CN¥1.32bn |
| Net income | −CN¥1.41bn | −CN¥3.90bn | CN¥4.35bn | CN¥15.53bn | CN¥5.78bn | CN¥740.0m | CN¥469.6m | CN¥1.29bn | CN¥1.25bn | CN¥934.3m |
| Diluted earnings per share | -0.98 | -2.73 | 3.04 | 10.86 | 4.36 | 0.62 | 0.39 | 1.10 | 1.19 | 0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥95.81bn | CN¥95.25bn | CN¥100.21bn | CN¥92.43bn | CN¥67.87bn | CN¥53.16bn | CN¥48.64bn | CN¥41.63bn | CN¥36.93bn | CN¥32.43bn |
| Cash and short-term investments | CN¥10.89bn | CN¥6.54bn | CN¥13.90bn | CN¥6.14bn | CN¥6.36bn | CN¥2.14bn | CN¥4.73bn | CN¥7.19bn | CN¥4.45bn | CN¥3.32bn |
| Total liabilities | CN¥52.59bn | CN¥54.10bn | CN¥52.13bn | CN¥50.28bn | CN¥40.60bn | CN¥36.19bn | CN¥32.49bn | CN¥28.47bn | CN¥26.13bn | CN¥22.74bn |
| Debt | CN¥34.22bn | CN¥30.02bn | CN¥29.97bn | CN¥26.30bn | CN¥20.59bn | CN¥19.64bn | CN¥20.82bn | CN¥17.09bn | CN¥15.18bn | CN¥13.27bn |
| Shareholders' equity | CN¥36.70bn | CN¥38.24bn | CN¥42.46bn | CN¥37.08bn | CN¥23.36bn | CN¥14.08bn | CN¥13.32bn | CN¥11.69bn | CN¥10.74bn | CN¥9.63bn |
| Shares outstanding | 1,430m | 1,430m | 1,430m | 1,430m | 1,325m | 1,200m | 1,200m | 1,174m | 1,045m | 1,045m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥2.47bn | CN¥2.05bn | CN¥16.76bn | CN¥14.85bn | CN¥5.03bn | CN¥3.46bn | −CN¥1.72bn | CN¥2.16bn | CN¥2.06bn | −CN¥261.9m |
| Capital spending | −CN¥6.39bn | −CN¥7.01bn | −CN¥9.46bn | −CN¥16.86bn | −CN¥9.81bn | −CN¥6.89bn | −CN¥5.72bn | −CN¥2.90bn | −CN¥2.11bn | −CN¥3.04bn |
| Free cash flow | −CN¥8.86bn | −CN¥4.96bn | CN¥7.30bn | −CN¥2.01bn | −CN¥4.78bn | −CN¥3.44bn | −CN¥7.44bn | −CN¥744.1m | −CN¥50.4m | −CN¥3.31bn |
| Dividends paid | −CN¥863.6m | −CN¥866.5m | −CN¥1.27bn | −CN¥2.85bn | −CN¥1.32bn | −CN¥972.2m | −CN¥380.8m | −CN¥97.0m | −CN¥58.2m | −CN¥48.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥11.58bn | CN¥9.26bn | CN¥8.53bn | CN¥9.47bn | CN¥11.74bn | CN¥13.16bn | CN¥20.51bn | CN¥25.79bn |
| Gross profit | CN¥1.43bn | CN¥271.0m | CN¥779.6m | CN¥961.5m | CN¥399.8m | CN¥1.79bn | CN¥8.84bn | CN¥13.88bn |
| Operating income | −CN¥113.9m | −CN¥1.18bn | −CN¥119.6m | −CN¥3.22bn | CN¥328.1m | −CN¥365.7m | CN¥7.78bn | CN¥12.33bn |
| Net income | −CN¥243.7m | −CN¥1.11bn | −CN¥298.9m | −CN¥3.02bn | −CN¥887.0m | −CN¥413.9m | CN¥5.55bn | CN¥8.98bn |
| Diluted earnings per share | -0.17 | -0.77 | -0.21 | -2.11 | -0.62 | -0.29 | 3.88 | 6.28 |
| Cash from operations | — | −CN¥1.39bn | −CN¥1.07bn | CN¥979.0m | CN¥775.0m | CN¥5.59bn | CN¥11.16bn | CN¥8.22bn |
| Capital spending | — | −CN¥2.60bn | −CN¥4.11bn | −CN¥3.34bn | −CN¥2.67bn | −CN¥4.45bn | −CN¥5.01bn | −CN¥10.15bn |
| Free cash flow | — | −CN¥3.99bn | −CN¥5.18bn | −CN¥2.36bn | −CN¥1.90bn | CN¥1.15bn | CN¥6.16bn | −CN¥1.93bn |
| Total assets | CN¥101.01bn | CN¥95.81bn | CN¥97.78bn | CN¥81.68bn | CN¥87.15bn | CN¥85.93bn | CN¥98.34bn | CN¥92.43bn |
| Cash and short-term investments | CN¥15.60bn | CN¥10.89bn | CN¥14.03bn | CN¥5.61bn | CN¥12.06bn | CN¥11.92bn | CN¥14.17bn | CN¥6.14bn |
| Debt | CN¥10.63bn | CN¥34.22bn | CN¥30.05bn | CN¥22.45bn | CN¥22.81bn | CN¥22.52bn | CN¥32.96bn | CN¥25.19bn |
| Shareholders' equity | CN¥36.88bn | CN¥36.70bn | CN¥38.01bn | CN¥32.79bn | CN¥35.58bn | CN¥36.41bn | CN¥43.04bn | CN¥37.08bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.9% | 6.4% | 30.5% | 55.3% | 47.9% | 16.2% |
| Operating margin | -9.1% | -4.2% | 22.2% | 47.8% | 32.9% | 7.0% |
| Net margin | -7.9% | -18.4% | 14.1% | 36.2% | 22.0% | 4.5% |
| Return on equity | -3.8% | -11.9% | 11.9% | 41.9% | 24.7% | 5.3% |
| Return on assets | -1.5% | -4.8% | 5.1% | 16.8% | 8.5% | 1.4% |
| Free cash flow yield | 64.0% | 147.6% | 427.2% | 516.7% | 260.8% | 201.0% |
| Revenue growth | -28.1% | -31.0% | -16.5% | 63.5% | 58.8% | 62.6% |
| Earnings growth | -69.1% | -189.9% | -67.4% | 168.7% | 680.9% | 57.6% |
| Current ratio | 1.15x | 1.11x | 1.34x | 1.14x | 1.24x | 1.02x |
| Debt to equity | 0.92x | 0.68x | 0.82x | 0.67x | 1.19x | 1.34x |
| Equity ratio | 38.3% | 40.1% | 42.4% | 40.1% | 34.4% | 26.5% |
| Interest coverage | -2.08x | -1.25x | 9.33x | 22.37x | 9.99x | 1.44x |
| R&D as a share of sales | 2.4% | 1.7% | 0.9% | 0.9% | 1.5% | 1.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | -7.9% | -10.5% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.5% | 1.5% | 4.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.2% | 31.5% | 32.7% | 28.9% |
| Operating margin | -14.9% | 18.2% | 19.4% | 17.1% |
| Net margin | -13.6% | 12.9% | 13.6% | 11.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.5 | -2.4 | 3.1 | 1.1 | 2.9 | 15.7 | 11.3 | 6.3 | 5.9 | 7.0 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.4 | 0.6 | 0.7 | 0.5 | 0.6 | 0.6 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.281 | 0.121 | 0.066 | 0.171 | 0.245 | 0.138 | 0.118 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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