D 
3.12
+1.63%
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¥4.03bn
FY2016FY2025
Net income
CN¥16.0m
FY2016FY2025
Free cash flow
−CN¥305.8m
FY2016FY2025
Shareholders' equity
CN¥1.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.03bn | CN¥3.83bn | CN¥4.48bn | CN¥4.92bn | CN¥4.38bn | CN¥2.63bn | CN¥3.29bn | CN¥3.60bn | CN¥2.65bn | CN¥871.0m |
| Gross profit | CN¥416.1m | CN¥306.7m | CN¥615.1m | CN¥711.5m | CN¥486.2m | CN¥121.6m | CN¥622.3m | CN¥688.8m | CN¥514.4m | CN¥53.8m |
| Research and development | CN¥44.4m | CN¥42.1m | CN¥52.0m | CN¥46.3m | CN¥29.4m | CN¥29.1m | CN¥26.8m | CN¥27.1m | CN¥21.5m | CN¥16.8m |
| Operating income | CN¥98.9m | CN¥627,727 | CN¥281.1m | CN¥332.8m | CN¥230.9m | −CN¥54.8m | CN¥551.9m | CN¥499.0m | CN¥385.6m | −CN¥22.1m |
| Net income | CN¥16.0m | −CN¥89.8m | CN¥156.7m | CN¥176.5m | CN¥96.6m | −CN¥135.6m | CN¥388.7m | CN¥350.8m | CN¥270.4m | −CN¥61.7m |
| Diluted earnings per share | 0.01 | -0.06 | 0.11 | 0.12 | 0.06 | -0.09 | 0.30 | 0.28 | 0.18 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.57bn | CN¥5.25bn | CN¥4.81bn | CN¥4.88bn | CN¥5.53bn | CN¥4.30bn | CN¥4.94bn | CN¥3.63bn | CN¥2.96bn | CN¥2.17bn |
| Cash and short-term investments | CN¥471.0m | CN¥480.0m | CN¥503.8m | CN¥541.4m | CN¥642.4m | CN¥484.7m | CN¥944.1m | CN¥455.6m | CN¥460.3m | CN¥139.3m |
| Total liabilities | CN¥4.00bn | CN¥3.72bn | CN¥3.11bn | CN¥3.24bn | CN¥3.97bn | CN¥2.83bn | CN¥3.16bn | CN¥2.74bn | CN¥1.93bn | CN¥1.41bn |
| Debt | CN¥3.04bn | CN¥2.22bn | CN¥1.78bn | CN¥1.95bn | CN¥2.47bn | CN¥1.92bn | CN¥2.20bn | CN¥1.66bn | CN¥1.11bn | CN¥822.3m |
| Shareholders' equity | CN¥1.57bn | CN¥1.53bn | CN¥1.70bn | CN¥1.64bn | CN¥1.57bn | CN¥1.47bn | CN¥1.76bn | CN¥879.5m | CN¥1.03bn | CN¥761.9m |
| Shares outstanding | 1,485m | 1,464m | 1,491m | 1,493m | 1,501m | 1,500m | 1,292m | 1,246m | 1,500m | 1,500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥489.4m | CN¥12.7m | CN¥506.6m | CN¥889.9m | −CN¥333.4m | CN¥438.2m | CN¥15.4m | CN¥217.5m | −CN¥14.7m | −CN¥22.4m |
| Capital spending | −CN¥795.2m | −CN¥383.1m | −CN¥147.6m | −CN¥96.6m | −CN¥98.6m | −CN¥123.6m | −CN¥418.6m | −CN¥589.3m | −CN¥91.6m | −CN¥37.4m |
| Free cash flow | −CN¥305.8m | −CN¥370.4m | CN¥359.0m | CN¥793.3m | −CN¥432.0m | CN¥314.7m | −CN¥403.2m | −CN¥371.8m | −CN¥106.3m | −CN¥59.8m |
| Dividends paid | −CN¥324,927 | −CN¥63.4m | −CN¥62.8m | −CN¥42.6m | — | −CN¥158.3m | −CN¥269.9m | −CN¥55.2m | −CN¥55.2m | −CN¥55.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.89bn | CN¥2.06bn | CN¥986.2m | CN¥2.04bn | CN¥1.79bn | CN¥1.03bn | CN¥2.54bn | CN¥2.63bn |
| Gross profit | CN¥213.6m | CN¥238.2m | CN¥88.9m | CN¥161.8m | CN¥145.0m | CN¥279.2m | CN¥344.5m | CN¥461.2m |
| Operating income | CN¥20.4m | CN¥65.2m | CN¥16.9m | CN¥42.2m | −CN¥41.6m | CN¥155.1m | CN¥126.0m | CN¥202.5m |
| Net income | −CN¥16.2m | CN¥33.4m | −CN¥8.7m | −CN¥8.6m | −CN¥81.2m | CN¥88.6m | CN¥69.1m | CN¥138.2m |
| Diluted earnings per share | -0.01 | 0.02 | -0.01 | -0.01 | -0.06 | 0.06 | 0.05 | 0.09 |
| Cash from operations | — | CN¥365.0m | CN¥133.0m | CN¥38.0m | −CN¥32.0m | CN¥289.0m | CN¥216.0m | CN¥699.0m |
| Capital spending | — | −CN¥249.0m | −CN¥592.0m | −CN¥104.0m | −CN¥175.0m | −CN¥126.0m | −CN¥21.0m | −CN¥53.0m |
| Free cash flow | — | CN¥116.0m | −CN¥459.0m | −CN¥66.0m | −CN¥207.0m | CN¥163.0m | CN¥195.0m | CN¥646.0m |
| Total assets | CN¥6.15bn | CN¥5.57bn | CN¥5.52bn | CN¥5.25bn | CN¥5.13bn | CN¥4.81bn | CN¥4.94bn | CN¥4.88bn |
| Cash and short-term investments | CN¥587.4m | CN¥471.0m | CN¥414.0m | CN¥480.0m | CN¥495.0m | CN¥503.8m | CN¥539.0m | CN¥541.4m |
| Debt | CN¥2.02bn | CN¥3.04bn | CN¥2.94bn | CN¥2.58bn | CN¥2.39bn | CN¥2.07bn | CN¥2.23bn | CN¥2.27bn |
| Shareholders' equity | CN¥1.86bn | CN¥1.57bn | CN¥1.52bn | CN¥1.53bn | CN¥1.56bn | CN¥1.70bn | CN¥1.62bn | CN¥1.64bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.3% | 8.0% | 13.7% | 14.5% | 11.1% | 4.6% |
| Operating margin | 2.7% | -0.2% | 6.1% | 6.3% | 5.3% | -2.4% |
| Net margin | 0.4% | -2.3% | 3.5% | 3.6% | 2.2% | -5.2% |
| Return on equity | 1.0% | -5.9% | 9.2% | 10.8% | 6.2% | -9.2% |
| Return on assets | 0.3% | -1.7% | 3.3% | 3.6% | 1.7% | -3.2% |
| Free cash flow yield | 22.6% | 7.1% | 11.4% | 17.2% | -4.1% | 9.8% |
| Revenue growth | 5.2% | -14.5% | -8.9% | 12.4% | 66.5% | -20.0% |
| Earnings growth | -117.8% | -157.3% | -11.3% | 82.8% | -171.2% | -134.9% |
| Current ratio | 1.07x | 1.02x | 1.15x | 1.18x | 1.05x | 0.89x |
| Debt to equity | 1.93x | 1.69x | 1.21x | 1.38x | 1.83x | 1.52x |
| Equity ratio | 28.2% | 29.2% | 35.4% | 33.5% | 28.3% | 34.2% |
| Interest coverage | 1.49x | -0.08x | 2.89x | 2.95x | 2.01x | -0.60x |
| R&D as a share of sales | 1.1% | 1.1% | 1.2% | 0.9% | 0.7% | 1.1% |
| Buybacks as a share of market value | -1.4% | 1.8% | 0.1% | 0.5% | -0.0% | -16.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.1% | 9.1% | — |
| Operating income | -33.3% | — | — |
| Net income | -55.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.2% | 11.9% | 10.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | — | -129.8 | 37.4 | 17.6 | 43.4 | -10.1 | 4.7 |
| Price to sales | 2.5 | 3.2 | 1.4 | 0.7 | 1.0 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2024.
| FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.04 | 0.04 | 0.03 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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