G 
19.20
-1.54%
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¥301.0m
FY2016FY2025
Net income
CN¥203.1m
FY2016FY2025
Free cash flow
−CN¥458.8m
FY2016FY2025
Shareholders' equity
CN¥2.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥301.0m | CN¥123.7m | CN¥580.4m | CN¥522.0m | CN¥320.7m | CN¥329.3m | CN¥612.8m | CN¥737.7m | CN¥600.5m | CN¥352.3m |
| Research and development | CN¥7.6m | — | CN¥29.3m | CN¥26.8m | CN¥18.7m | CN¥15.0m | CN¥21.2m | CN¥25.6m | CN¥23.1m | CN¥16.1m |
| Operating income | CN¥446.0m | −CN¥756.7m | −CN¥322.0m | −CN¥213.6m | −CN¥163.9m | −CN¥110.7m | −CN¥76.8m | CN¥41.4m | CN¥16.2m | CN¥24.7m |
| Net income | CN¥203.1m | −CN¥795.3m | −CN¥361.8m | −CN¥269.4m | −CN¥202.1m | −CN¥131.1m | −CN¥88.2m | CN¥12.7m | CN¥12.9m | CN¥4.7m |
| Diluted earnings per share | 0.94 | -3.68 | -1.67 | -1.25 | -0.94 | -0.62 | -0.37 | 0.04 | 0.06 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.77bn | CN¥2.71bn | CN¥2.91bn | CN¥2.44bn | CN¥1.39bn | CN¥990.0m | CN¥1.28bn | CN¥1.55bn | CN¥1.54bn | CN¥1.28bn |
| Cash and short-term investments | — | CN¥73.5m | CN¥71.2m | CN¥369.2m | CN¥141.9m | CN¥13.3m | CN¥249.4m | CN¥62.4m | CN¥311.7m | CN¥407.6m |
| Total liabilities | CN¥765.7m | CN¥3.51bn | CN¥2.88bn | CN¥2.37bn | CN¥1.08bn | CN¥482.9m | CN¥644.8m | CN¥649.3m | CN¥647.3m | CN¥406.1m |
| Debt | — | CN¥844.7m | CN¥832.4m | CN¥415.5m | CN¥356.2m | CN¥164.7m | CN¥229.9m | CN¥164.0m | CN¥162.2m | CN¥200.0m |
| Shareholders' equity | CN¥2.01bn | −CN¥795.4m | CN¥26.5m | CN¥24.7m | CN¥310.8m | CN¥509.0m | CN¥632.3m | CN¥900.0m | CN¥895.5m | CN¥873.1m |
| Shares outstanding | 216m | 216m | 216m | 216m | 215m | 212m | 239m | 320m | 215m | 277m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥205.7m | −CN¥306.8m | −CN¥126.5m | −CN¥311.2m | −CN¥36.6m | −CN¥114.7m | CN¥274.9m | −CN¥206.9m | −CN¥53.5m | CN¥50.7m |
| Capital spending | −CN¥253.1m | −CN¥50.7m | −CN¥773.4m | −CN¥638.5m | −CN¥251.6m | −CN¥6.7m | −CN¥14.3m | −CN¥21.4m | −CN¥39.0m | −CN¥28.5m |
| Free cash flow | −CN¥458.8m | −CN¥357.5m | −CN¥900.0m | −CN¥949.8m | −CN¥288.2m | −CN¥121.5m | CN¥260.6m | −CN¥228.3m | −CN¥92.5m | CN¥22.1m |
| Dividends paid | −CN¥143.7m | −CN¥38.2m | −CN¥79.3m | −CN¥8.9m | −CN¥10.6m | −CN¥10.1m | −CN¥12.3m | −CN¥12.2m | −CN¥8.7m | −CN¥20.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥22.4m | CN¥68.2m | CN¥99.2m | CN¥62.1m | CN¥66.7m | CN¥73.1m | CN¥44.4m | CN¥27.3m |
| Operating income | −CN¥54.3m | −CN¥51.2m | −CN¥74.6m | −CN¥117.7m | −CN¥107.8m | −CN¥81.3m | −CN¥379.6m | −CN¥128.2m |
| Net income | −CN¥47.5m | −CN¥63.7m | CN¥603.8m | −CN¥118.8m | −CN¥155.7m | −CN¥126.3m | −CN¥444.6m | −CN¥127.6m |
| Diluted earnings per share | -0.22 | -0.29 | 2.80 | -0.55 | -0.72 | -0.58 | -2.06 | -0.59 |
| Cash from operations | — | — | — | −CN¥51.0m | −CN¥53.0m | −CN¥28.0m | — | −CN¥35.0m |
| Capital spending | −CN¥6.0m | −CN¥2.0m | −CN¥33.0m | −CN¥11.0m | −CN¥198.0m | −CN¥9.0m | −CN¥24.0m | — |
| Free cash flow | — | — | — | −CN¥62.0m | −CN¥251.0m | −CN¥37.0m | — | — |
| Total assets | CN¥2.94bn | CN¥2.97bn | CN¥2.77bn | CN¥2.88bn | CN¥2.79bn | CN¥2.71bn | CN¥2.71bn | CN¥2.97bn |
| Cash and short-term investments | — | — | — | CN¥219.0m | CN¥99.8m | CN¥122.5m | CN¥73.5m | CN¥135.1m |
| Debt | — | — | — | CN¥780.9m | CN¥905.2m | CN¥889.5m | CN¥834.3m | CN¥747.8m |
| Shareholders' equity | CN¥1.92bn | CN¥1.95bn | CN¥2.01bn | −CN¥1.19bn | −CN¥1.08bn | −CN¥921.1m | −CN¥795.4m | −CN¥346.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.8% | -1.8% | -1.5% |
| Operating income | — | — | 68.9% |
| Net income | — | — | 46.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -73.1% | -55.4% | -51.5% | -23.0% |
| Net margin | -139.4% | -80.1% | -71.5% | -33.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.8 | -3.8 | -17.8 | -34.4 | -40.3 | -14.9 | -29.8 | 154.3 | 188.0 | — |
| Price to sales | 12.0 | 24.1 | 11.1 | 17.7 | 25.4 | 5.9 | 4.3 | 2.6 | 4.0 | 19.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.002 | 0.002 | 0.01 | 0.006 | 0.024 | 0.02 | 0.056 |
- 9-for-5 split · 29 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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