H 
4.80
-0.62%
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¥466.1m
FY2016FY2025
Net income
−CN¥230.1m
FY2016FY2025
Free cash flow
CN¥29.1m
FY2016FY2025
Shareholders' equity
CN¥899.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥466.1m | CN¥472.8m | CN¥739.6m | CN¥535.7m | CN¥836.6m | CN¥921.6m | CN¥1.01bn | CN¥882.7m | CN¥668.1m | CN¥471.5m |
| Gross profit | CN¥252.6m | CN¥247.5m | CN¥441.3m | CN¥266.4m | CN¥418.2m | CN¥469.7m | CN¥474.2m | CN¥389.7m | CN¥275.6m | CN¥193.6m |
| Research and development | CN¥19.1m | CN¥19.1m | CN¥18.7m | CN¥28.4m | CN¥14.7m | CN¥16.6m | CN¥17.2m | CN¥28.0m | CN¥9.1m | CN¥12.3m |
| Operating income | — | −CN¥211.4m | CN¥25.0m | −CN¥194.1m | CN¥21.4m | CN¥58.0m | −CN¥19.1m | CN¥42.2m | CN¥67.4m | CN¥50.7m |
| Net income | −CN¥230.1m | −CN¥216.2m | CN¥11.5m | −CN¥187.6m | CN¥11.0m | CN¥9.3m | −CN¥26.5m | CN¥13.4m | CN¥55.5m | CN¥46.2m |
| Diluted earnings per share | -0.51 | -0.47 | 0.03 | -0.42 | 0.02 | 0.02 | -0.06 | 0.03 | 0.12 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.79bn | CN¥1.98bn | CN¥2.17bn | CN¥2.29bn | CN¥2.46bn | CN¥2.61bn | CN¥2.19bn | CN¥2.18bn | CN¥2.24bn | CN¥2.19bn |
| Cash and short-term investments | — | CN¥113.2m | CN¥144.4m | CN¥269.8m | CN¥258.6m | CN¥258.3m | CN¥186.1m | CN¥84.2m | CN¥132.5m | CN¥193.5m |
| Total liabilities | CN¥869.8m | CN¥810.5m | CN¥787.6m | CN¥933.0m | CN¥905.1m | CN¥1.01bn | CN¥592.6m | CN¥526.9m | CN¥315.3m | CN¥316.8m |
| Debt | CN¥181.8m | CN¥399.7m | CN¥501.6m | CN¥583.1m | CN¥592.8m | CN¥648.5m | CN¥238.9m | CN¥209.5m | CN¥100.0m | CN¥100.0m |
| Shareholders' equity | CN¥899.7m | CN¥1.14bn | CN¥1.34bn | CN¥1.32bn | CN¥1.50bn | CN¥1.50bn | CN¥1.50bn | CN¥1.54bn | CN¥1.85bn | CN¥1.80bn |
| Shares outstanding | 455m | 461m | 450m | 450m | 452m | 434m | 456m | 450m | 450m | 450m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥121.2m | CN¥71.5m | CN¥70.7m | CN¥29.3m | CN¥11.3m | −CN¥16.7m | CN¥45.1m | CN¥157.7m | CN¥18.2m | CN¥90.9m |
| Capital spending | −CN¥92.1m | −CN¥92.5m | −CN¥137.6m | −CN¥45.1m | −CN¥220.0m | −CN¥299.6m | −CN¥131.0m | −CN¥291.7m | −CN¥152.9m | −CN¥41.6m |
| Free cash flow | CN¥29.1m | −CN¥21.0m | −CN¥66.9m | −CN¥15.8m | −CN¥208.6m | −CN¥316.3m | −CN¥85.9m | −CN¥134.0m | −CN¥134.7m | CN¥49.3m |
| Dividends paid | −CN¥16.5m | −CN¥19.9m | −CN¥24.3m | −CN¥26.5m | −CN¥40.7m | −CN¥22.6m | −CN¥67.5m | −CN¥9.7m | −CN¥3.0m | −CN¥4.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥48.3m | CN¥96.6m | CN¥139.7m | CN¥93.9m | CN¥120.0m | CN¥112.4m | CN¥109.0m | CN¥143.6m |
| Gross profit | CN¥20.8m | CN¥58.5m | CN¥78.5m | CN¥51.9m | CN¥64.7m | CN¥57.6m | CN¥53.0m | CN¥75.8m |
| Operating income | −CN¥16.4m | −CN¥4.2m | −CN¥50.1m | −CN¥51.2m | −CN¥47.0m | −CN¥5.5m | −CN¥82.6m | −CN¥19.1m |
| Net income | −CN¥21.0m | −CN¥11.7m | −CN¥133.5m | −CN¥42.5m | −CN¥44.4m | −CN¥9.7m | −CN¥93.5m | −CN¥21.9m |
| Diluted earnings per share | -0.05 | -0.03 | -0.29 | -0.09 | -0.10 | -0.02 | -0.20 | -0.05 |
| Cash from operations | — | — | — | −CN¥9.0m | CN¥25.0m | CN¥40.0m | — | CN¥6.0m |
| Capital spending | −CN¥1.0m | −CN¥3.0m | −CN¥8.0m | −CN¥5.0m | −CN¥4.0m | −CN¥73.0m | −CN¥24.0m | −CN¥21.0m |
| Free cash flow | — | — | — | −CN¥14.0m | CN¥21.0m | −CN¥33.0m | — | −CN¥15.0m |
| Total assets | CN¥1.71bn | CN¥1.74bn | CN¥1.79bn | CN¥1.88bn | CN¥1.90bn | CN¥2.01bn | CN¥1.98bn | CN¥2.09bn |
| Cash and short-term investments | — | — | — | CN¥18.0m | CN¥47.5m | CN¥93.0m | CN¥113.2m | CN¥123.6m |
| Debt | CN¥153.6m | CN¥181.8m | CN¥181.8m | CN¥234.0m | CN¥357.9m | CN¥400.4m | CN¥381.1m | CN¥447.3m |
| Shareholders' equity | CN¥866.9m | CN¥887.9m | CN¥899.7m | CN¥1.05bn | CN¥1.09bn | CN¥1.13bn | CN¥1.14bn | CN¥1.25bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 54.2% | 52.3% | 59.7% | 49.7% | 50.0% | 51.0% |
| Operating margin | -51.8% | -44.5% | 6.6% | -36.2% | 4.8% | 5.2% |
| Net margin | -49.4% | -45.7% | 1.6% | -35.0% | 1.3% | 1.0% |
| Return on equity | -25.6% | -19.0% | 0.9% | -14.3% | 0.7% | 0.6% |
| Return on assets | -12.8% | -10.9% | 0.5% | -8.2% | 0.4% | 0.4% |
| Free cash flow yield | 9.3% | 7.1% | 9.2% | 3.3% | 10.2% | 12.9% |
| Revenue growth | -1.4% | -36.1% | 38.0% | -36.0% | -9.2% | -8.6% |
| Earnings growth | 6.4% | -1975.2% | -106.1% | -1807.3% | 17.6% | -135.3% |
| Current ratio | 0.52x | 0.89x | 1.60x | 1.33x | 1.48x | 1.22x |
| Debt to equity | 0.20x | 0.33x | 0.37x | 0.44x | 0.39x | 0.43x |
| Equity ratio | 50.2% | 57.7% | 62.1% | 57.5% | 61.2% | 57.5% |
| Interest coverage | -13.52x | -9.86x | 1.92x | -7.08x | 2.04x | 2.48x |
| R&D as a share of sales | 4.1% | 4.0% | 2.5% | 5.3% | 1.8% | 1.8% |
| Buybacks as a share of market value | 1.3% | -2.3% | -0.0% | 0.4% | -4.1% | 4.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.5% | -12.7% | 1.3% |
| Net income | 7.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.3% | 54.5% | 52.8% | 49.0% |
| Net margin | -47.5% | -28.1% | -15.2% | -6.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.8 | -10.4 | 229.1 | -14.9 | 357.0 | 261.1 | -90.7 | 201.9 | 87.5 | 135.6 |
| Price to sales | 11.7 | 4.8 | 3.6 | 5.2 | 4.7 | 2.6 | 2.4 | 3.1 | 7.3 | 13.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Aug 2021.
| FY2021 | FY2019 | FY2015 | FY2014 | FY2013 | FY2011 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.15 | 0.067 | 0.089 | 0.178 | 0.133 |
- 3-for-2 split · 30 Sept 2015
- 3-for-2 split · 23 May 2014
- 2-for-1 split · 18 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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