W 
0.38
-3.80%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥8.86bn
FY2016FY2025
Net income
CN¥165.8m
FY2016FY2025
Free cash flow
−CN¥1.13bn
FY2016FY2025
Shareholders' equity
CN¥3.35bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.86bn | CN¥5.65bn | CN¥4.47bn | CN¥5.43bn | CN¥7.31bn | CN¥6.17bn | CN¥5.09bn | CN¥3.79bn | CN¥4.80bn | CN¥3.54bn |
| Gross profit | CN¥707.1m | CN¥445.2m | CN¥264.6m | −CN¥242.6m | CN¥534.3m | CN¥350.7m | CN¥475.4m | CN¥580.9m | CN¥1.00bn | CN¥1.08bn |
| Research and development | CN¥269.5m | CN¥188.0m | CN¥165.7m | CN¥173.5m | CN¥196.7m | CN¥168.8m | CN¥153.3m | CN¥118.8m | CN¥147.6m | CN¥135.5m |
| Operating income | CN¥74.1m | CN¥203.1m | −CN¥351.9m | −CN¥1.46bn | −CN¥5.7m | −CN¥456.7m | −CN¥210.6m | −CN¥119.9m | CN¥243.2m | −CN¥227.4m |
| Net income | CN¥165.8m | CN¥141.6m | −CN¥228.4m | −CN¥1.38bn | −CN¥107.8m | −CN¥315.9m | CN¥58.9m | CN¥65.6m | CN¥161.1m | CN¥17.7m |
| Diluted earnings per share | 0.04 | 0.03 | -0.06 | -0.34 | -0.03 | -0.08 | 0.01 | 0.02 | 0.04 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.80bn | CN¥12.29bn | CN¥11.02bn | CN¥10.41bn | CN¥11.76bn | CN¥10.32bn | CN¥6.66bn | CN¥6.69bn | CN¥8.87bn | CN¥8.99bn |
| Cash and short-term investments | CN¥3.98bn | CN¥4.07bn | CN¥1.33bn | CN¥874.4m | CN¥1.17bn | CN¥549.0m | CN¥1.08bn | CN¥1.09bn | CN¥1.10bn | CN¥830.6m |
| Total liabilities | CN¥8.47bn | CN¥9.64bn | CN¥8.16bn | CN¥7.42bn | CN¥7.51bn | CN¥5.90bn | CN¥4.56bn | CN¥4.66bn | CN¥6.12bn | CN¥6.48bn |
| Debt | CN¥1.05bn | CN¥1.12bn | CN¥1.12bn | CN¥1.22bn | CN¥1.19bn | CN¥974.6m | CN¥765.2m | CN¥245.9m | CN¥313.3m | CN¥426.7m |
| Shareholders' equity | CN¥3.35bn | CN¥2.67bn | CN¥2.87bn | CN¥3.01bn | CN¥4.25bn | CN¥4.42bn | CN¥2.10bn | CN¥2.04bn | CN¥2.54bn | CN¥2.29bn |
| Shares outstanding | 4,092m | 4,074m | 4,074m | 4,074m | 4,074m | 4,074m | 4,074m | 4,100m | 4,112m | 4,065m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.12bn | CN¥3.08bn | CN¥758.7m | −CN¥692.8m | CN¥298.7m | −CN¥442.8m | −CN¥315.7m | CN¥776.4m | CN¥662.9m | −CN¥1.26bn |
| Capital spending | −CN¥8.7m | −CN¥22.7m | −CN¥26.5m | −CN¥4.3m | −CN¥34.8m | −CN¥12.4m | −CN¥32.4m | −CN¥8.3m | −CN¥16.8m | −CN¥3.7m |
| Free cash flow | −CN¥1.13bn | CN¥3.06bn | CN¥732.2m | −CN¥697.1m | CN¥263.8m | −CN¥455.2m | −CN¥348.1m | CN¥768.1m | CN¥646.1m | −CN¥1.27bn |
| Dividends paid | — | — | — | — | — | −CN¥17.1m | −CN¥20.2m | −CN¥374.7m | −CN¥271.8m | −CN¥271.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.62bn | CN¥4.60bn | CN¥4.25bn | CN¥3.81bn | CN¥1.84bn | CN¥1.95bn | CN¥2.21bn | CN¥2.85bn |
| Gross profit | CN¥268.7m | CN¥395.9m | CN¥311.1m | CN¥331.1m | CN¥114.2m | CN¥83.1m | CN¥167.8m | −CN¥228.0m |
| Operating income | CN¥31.0m | CN¥41.1m | CN¥32.9m | −CN¥894.2m | −CN¥129.3m | −CN¥159.5m | −CN¥166.1m | −CN¥1.30bn |
| Net income | CN¥26.9m | CN¥79.0m | CN¥86.9m | CN¥176.0m | −CN¥34.3m | −CN¥91.4m | −CN¥122.0m | −CN¥1.08bn |
| Diluted earnings per share | 0.01 | 0.02 | 0.02 | 0.04 | -0.01 | -0.02 | -0.03 | -0.27 |
| Cash from operations | — | −CN¥549.0m | −CN¥642.0m | CN¥2.72bn | CN¥364.0m | CN¥279.0m | CN¥478.0m | −CN¥45.0m |
| Capital spending | — | −CN¥4.0m | −CN¥4.0m | −CN¥7.0m | −CN¥6.0m | −CN¥4.0m | −CN¥11.0m | −CN¥3.0m |
| Free cash flow | — | −CN¥553.0m | −CN¥646.0m | CN¥2.71bn | CN¥358.0m | CN¥275.0m | CN¥467.0m | −CN¥48.0m |
| Total assets | CN¥11.10bn | CN¥11.80bn | CN¥13.40bn | CN¥12.29bn | CN¥10.32bn | CN¥11.02bn | CN¥11.04bn | CN¥10.41bn |
| Cash and short-term investments | CN¥3.59bn | CN¥3.98bn | CN¥4.50bn | CN¥4.07bn | CN¥1.49bn | CN¥1.33bn | CN¥1.14bn | CN¥874.4m |
| Debt | CN¥383.7m | CN¥1.05bn | CN¥920.0m | CN¥1.12bn | CN¥1.13bn | CN¥1.30bn | CN¥1.38bn | CN¥1.42bn |
| Shareholders' equity | CN¥3.35bn | CN¥3.35bn | CN¥3.26bn | CN¥2.67bn | CN¥2.42bn | CN¥2.87bn | CN¥2.91bn | CN¥3.01bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.0% | 7.9% | 5.9% | -4.5% | 7.3% | 5.7% |
| Operating margin | 0.9% | -18.1% | -3.8% | -23.9% | -3.0% | -4.1% |
| Net margin | 1.9% | 2.5% | -5.1% | -25.4% | -1.5% | -5.1% |
| Return on equity | 4.9% | 5.3% | -8.0% | -45.8% | -2.5% | -7.2% |
| Return on assets | 1.4% | 1.2% | -2.1% | -13.3% | -0.9% | -3.1% |
| Free cash flow yield | -52.2% | 171.4% | 37.2% | -32.6% | 15.8% | -20.4% |
| Revenue growth | 34.7% | 47.0% | -17.5% | -25.8% | 18.6% | 21.3% |
| Earnings growth | 0.5% | -172.2% | -83.5% | 1180.1% | -65.9% | -635.9% |
| Current ratio | 1.01x | 1.10x | 1.06x | 1.02x | 1.04x | 1.01x |
| Debt to equity | 0.31x | 0.42x | 0.45x | 0.46x | 0.33x | 0.25x |
| Equity ratio | 28.4% | 21.8% | 26.0% | 28.9% | 36.1% | 42.8% |
| Interest coverage | 2.12x | -19.32x | -2.71x | -12.21x | -2.45x | -3.34x |
| R&D as a share of sales | 3.0% | 3.3% | 3.7% | 3.2% | 2.7% | 2.7% |
| Buybacks as a share of market value | -0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.7% | 7.5% | 3.5% |
| Operating income | — | — | -11.6% |
| Net income | — | — | -3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.9% | 4.8% | 5.4% | 10.0% |
| Operating margin | 1.9% | -6.3% | -5.3% | -3.4% |
| Net margin | 2.1% | -5.3% | -4.6% | -1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.4 | 5.3 | -5.3 | -0.7 | -12.1 | -7.2 | 49.7 | 55.2 | 37.8 | 193.1 |
| Price to sales | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | 0.4 | 0.6 | 0.9 | 1.3 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2020.
| FY2020 | FY2019 | FY2018 | FY2013 | |
|---|---|---|---|---|
| Paid in the year | 0.004 | 0.005 | 0.067 | 0.072 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.