L 
7.00
-0.28%
Close of 9 Nov 2026, in CNY
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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¥4.23bn
FY2016FY2025
Net income
CN¥6.8m
FY2016FY2025
Free cash flow
−CN¥486.5m
FY2016FY2025
Shareholders' equity
CN¥2.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.23bn | CN¥4.29bn | CN¥3.81bn | CN¥5.64bn | CN¥6.72bn | CN¥5.71bn | CN¥6.39bn | CN¥7.45bn | CN¥5.70bn | CN¥4.35bn |
| Gross profit | CN¥204.7m | CN¥110.2m | −CN¥55.2m | CN¥239.4m | CN¥646.8m | CN¥742.6m | CN¥782.7m | CN¥802.5m | CN¥571.2m | CN¥415.1m |
| Research and development | CN¥45.0m | CN¥138.1m | CN¥151.9m | CN¥207.9m | CN¥221.2m | CN¥191.1m | CN¥213.1m | CN¥223.6m | CN¥167.1m | CN¥153.8m |
| Operating income | CN¥24.1m | −CN¥164.1m | −CN¥349.5m | CN¥22.1m | CN¥422.9m | CN¥520.1m | CN¥443.5m | CN¥413.5m | CN¥263.4m | −CN¥15.7m |
| Net income | CN¥6.8m | −CN¥159.2m | −CN¥308.9m | CN¥5.6m | CN¥352.2m | CN¥402.7m | CN¥352.1m | CN¥325.7m | CN¥209.5m | CN¥76.3m |
| Diluted earnings per share | 0.01 | -0.21 | -0.46 | 0.01 | 0.55 | 0.58 | 0.51 | 0.49 | 0.31 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.80bn | CN¥5.73bn | CN¥5.52bn | CN¥6.42bn | CN¥6.76bn | CN¥5.43bn | CN¥4.88bn | CN¥5.60bn | CN¥6.30bn | CN¥5.32bn |
| Cash and short-term investments | — | CN¥933.5m | CN¥503.6m | CN¥649.3m | CN¥968.6m | CN¥821.0m | CN¥713.4m | CN¥721.9m | CN¥863.6m | CN¥759.9m |
| Total liabilities | CN¥2.82bn | CN¥2.74bn | CN¥2.34bn | CN¥2.92bn | CN¥3.06bn | CN¥1.92bn | CN¥1.46bn | CN¥2.33bn | CN¥3.16bn | CN¥2.46bn |
| Debt | CN¥122.2m | CN¥1.62bn | CN¥1.51bn | CN¥1.54bn | CN¥1.42bn | CN¥804.8m | CN¥616.8m | CN¥1.25bn | CN¥1.59bn | CN¥1.31bn |
| Shareholders' equity | CN¥2.74bn | CN¥2.76bn | CN¥2.94bn | CN¥3.25bn | CN¥3.45bn | CN¥3.28bn | CN¥3.22bn | CN¥3.08bn | CN¥2.86bn | CN¥2.67bn |
| Shares outstanding | 596m | 767m | 671m | 680m | 638m | 693m | 687m | 671m | 677m | 754m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥465.9m | −CN¥39.7m | CN¥86.7m | CN¥306.0m | CN¥496.8m | CN¥622.8m | CN¥1.25bn | CN¥720.2m | CN¥139.4m | CN¥216.3m |
| Capital spending | −CN¥20.6m | −CN¥28.2m | −CN¥70.0m | −CN¥257.5m | −CN¥486.6m | −CN¥365.8m | −CN¥103.4m | −CN¥28.5m | −CN¥238.1m | −CN¥75.6m |
| Free cash flow | −CN¥486.5m | −CN¥67.8m | CN¥16.7m | CN¥48.5m | CN¥10.3m | CN¥257.1m | CN¥1.15bn | CN¥691.7m | −CN¥98.7m | CN¥140.8m |
| Dividends paid | −CN¥56.1m | −CN¥52.1m | −CN¥49.9m | −CN¥232.6m | −CN¥242.7m | −CN¥242.9m | −CN¥228.0m | −CN¥168.9m | −CN¥105.0m | −CN¥94.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.22bn | CN¥1.07bn | CN¥1.07bn | CN¥1.12bn | CN¥1.10bn | CN¥943.0m | CN¥1.28bn | CN¥1.17bn |
| Gross profit | CN¥109.2m | CN¥50.8m | CN¥35.4m | CN¥72.6m | CN¥53.6m | CN¥43.1m | CN¥61.3m | CN¥49.2m |
| Operating income | CN¥51.9m | CN¥4.0m | −CN¥101,025 | CN¥16.3m | CN¥14.5m | −CN¥26.1m | −CN¥18.1m | −CN¥32.8m |
| Net income | CN¥59.5m | CN¥2.1m | CN¥13.4m | −CN¥7.9m | CN¥4.6m | −CN¥3.3m | −CN¥25.7m | −CN¥32.7m |
| Diluted earnings per share | 0.10 | 0.00 | 0.02 | -0.01 | 0.01 | -0.01 | -0.03 | -0.04 |
| Cash from operations | — | — | — | −CN¥35.0m | CN¥108.0m | −CN¥606.0m | — | −CN¥170.0m |
| Capital spending | −CN¥4.0m | −CN¥7.0m | −CN¥5.0m | −CN¥2.0m | −CN¥3.0m | −CN¥9.0m | −CN¥9.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥37.0m | CN¥105.0m | −CN¥615.0m | — | −CN¥175.0m |
| Total assets | CN¥6.10bn | CN¥6.07bn | CN¥5.80bn | CN¥5.58bn | CN¥5.46bn | CN¥5.60bn | CN¥5.73bn | CN¥5.40bn |
| Cash and short-term investments | — | — | — | CN¥492.8m | CN¥465.0m | CN¥426.4m | CN¥933.5m | CN¥286.2m |
| Debt | CN¥265.2m | CN¥210.3m | CN¥122.2m | CN¥1.72bn | CN¥1.55bn | CN¥1.61bn | CN¥1.61bn | CN¥1.63bn |
| Shareholders' equity | CN¥2.81bn | CN¥2.74bn | CN¥2.74bn | CN¥2.74bn | CN¥2.75bn | CN¥2.75bn | CN¥2.76bn | CN¥2.80bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.2% | 2.6% | -1.4% | 4.2% | 9.6% | 13.0% |
| Operating margin | 2.2% | -2.7% | -7.9% | 1.4% | 7.0% | 9.6% |
| Net margin | 0.2% | -3.7% | -8.1% | 0.1% | 5.2% | 7.1% |
| Return on equity | 0.2% | -5.8% | -10.5% | 0.2% | 10.2% | 12.3% |
| Return on assets | 0.1% | -2.8% | -5.6% | 0.1% | 5.2% | 7.4% |
| Free cash flow yield | -8.7% | -0.2% | 2.7% | 9.7% | 18.0% | 16.6% |
| Revenue growth | -1.4% | 12.4% | -32.4% | -16.1% | 17.7% | -10.7% |
| Earnings growth | -104.3% | -48.5% | -5621.1% | -98.4% | -12.5% | 14.4% |
| Current ratio | 0.92x | 0.94x | 0.91x | 1.00x | 1.14x | 1.25x |
| Debt to equity | 0.04x | 0.58x | 0.47x | 0.45x | 0.39x | 0.25x |
| Equity ratio | 47.3% | 48.1% | 53.3% | 50.6% | 51.0% | 60.4% |
| Interest coverage | 1.61x | -2.22x | -5.95x | 1.40x | 9.46x | 15.59x |
| R&D as a share of sales | 1.1% | 3.2% | 4.0% | 3.7% | 3.3% | 3.3% |
| Buybacks as a share of market value | 22.2% | -14.3% | 1.4% | -6.6% | 8.0% | -0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | -5.8% | 3.6% |
| Operating income | 3.0% | -45.9% | — |
| Net income | 6.7% | -55.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.7% | 2.8% | 6.2% | 7.9% |
| Operating margin | -1.6% | -2.6% | 1.6% | 2.4% |
| Net margin | -1.8% | -2.5% | 1.0% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -30.2 | -15.1 | — | 28.0 | 17.9 | 11.7 | 12.4 | 22.0 | 83.5 |
| Price to sales | 1.4 | 1.1 | 1.2 | 0.9 | 1.5 | 1.3 | 0.7 | 0.5 | 0.8 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.342 | 0.357 | 0.357 | 0.335 | 0.138 | 0.065 | 0.05 | 0.075 |
- 2-for-1 split · 20 May 2015
- 13-for-10 split · 27 May 2013
- 8-for-5 split · 11 Apr 2011
- 3-for-2 split · 3 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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