H 
2.67
+0.38%
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¥1.32bn
FY2016FY2025
Net income
−CN¥462.9m
FY2016FY2025
Free cash flow
CN¥341.3m
FY2016FY2025
Shareholders' equity
CN¥837.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.32bn | CN¥1.35bn | CN¥1.64bn | CN¥1.62bn | CN¥1.56bn | CN¥1.32bn | CN¥1.46bn | CN¥1.38bn | CN¥1.31bn | CN¥1.25bn |
| Research and development | CN¥67.8m | CN¥72.3m | CN¥68.7m | CN¥55.3m | CN¥63.7m | CN¥55.2m | CN¥62.4m | CN¥56.0m | CN¥48.6m | CN¥52.8m |
| Operating income | CN¥167.9m | −CN¥1.30bn | CN¥289.5m | CN¥264.1m | CN¥151.3m | CN¥114.0m | CN¥74.0m | CN¥47.8m | CN¥63.8m | CN¥32.2m |
| Net income | −CN¥462.9m | −CN¥1.37bn | CN¥188.1m | CN¥180.8m | CN¥130.4m | CN¥94.6m | CN¥42.1m | CN¥38.8m | CN¥37.5m | CN¥23.9m |
| Diluted earnings per share | -0.39 | -1.16 | 0.16 | 0.15 | 0.11 | 0.08 | 0.04 | 0.03 | 0.09 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.70bn | CN¥3.43bn | CN¥5.17bn | CN¥5.16bn | CN¥5.64bn | CN¥3.42bn | CN¥2.71bn | CN¥3.15bn | CN¥2.89bn | CN¥2.72bn |
| Cash and short-term investments | — | CN¥163.8m | CN¥232.0m | CN¥221.7m | CN¥417.2m | CN¥228.7m | CN¥381.8m | CN¥617.2m | CN¥149.0m | CN¥30.2m |
| Total liabilities | CN¥1.79bn | CN¥2.05bn | CN¥2.40bn | CN¥2.56bn | CN¥3.20bn | CN¥1.09bn | CN¥461.8m | CN¥897.1m | CN¥1.34bn | CN¥1.20bn |
| Debt | CN¥270.2m | CN¥888.5m | CN¥1.46bn | CN¥1.92bn | CN¥2.03bn | CN¥536.7m | CN¥201.7m | CN¥717.0m | CN¥966.6m | CN¥858.1m |
| Shareholders' equity | CN¥837.9m | CN¥1.30bn | CN¥2.69bn | CN¥2.53bn | CN¥2.37bn | CN¥2.26bn | CN¥2.18bn | CN¥2.18bn | CN¥1.49bn | CN¥1.46bn |
| Shares outstanding | 1,181m | 1,182m | 1,183m | 1,179m | 1,195m | 1,188m | 1,132m | 1,194m | 406m | 1,252m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥390.2m | CN¥322.4m | CN¥305.6m | CN¥218.0m | −CN¥578.5m | −CN¥10.7m | CN¥309.3m | CN¥254.3m | CN¥211.1m | CN¥181.7m |
| Capital spending | −CN¥49.0m | −CN¥24.7m | −CN¥45.9m | −CN¥42.3m | −CN¥27.9m | −CN¥58.0m | −CN¥32.0m | −CN¥45.5m | −CN¥87.4m | −CN¥169.0m |
| Free cash flow | CN¥341.3m | CN¥297.7m | CN¥259.7m | CN¥175.7m | −CN¥606.4m | −CN¥68.7m | CN¥277.3m | CN¥208.8m | CN¥123.7m | CN¥12.7m |
| Dividends paid | −CN¥42.5m | −CN¥78.9m | −CN¥86.1m | −CN¥21.3m | −CN¥17.7m | −CN¥11.8m | −CN¥35.5m | −CN¥55.6m | −CN¥49.9m | −CN¥50.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥295.1m | CN¥310.0m | CN¥345.2m | CN¥352.4m | CN¥320.4m | CN¥303.5m | CN¥279.5m | CN¥302.2m |
| Operating income | CN¥35.5m | CN¥32.0m | CN¥58.6m | CN¥20.8m | CN¥34.5m | CN¥29.5m | −CN¥1.46bn | CN¥28.5m |
| Net income | CN¥12.6m | CN¥16.0m | −CN¥517.5m | CN¥17.2m | CN¥21.3m | CN¥16.0m | −CN¥1.46bn | CN¥22.3m |
| Diluted earnings per share | 0.01 | 0.01 | -0.44 | 0.01 | 0.02 | 0.01 | -1.24 | 0.02 |
| Cash from operations | — | — | — | CN¥86.0m | CN¥73.0m | CN¥96.0m | — | CN¥124.0m |
| Capital spending | −CN¥4.0m | −CN¥4.0m | −CN¥5.0m | −CN¥6.0m | −CN¥10.0m | −CN¥25.0m | −CN¥1.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥80.0m | CN¥63.0m | CN¥71.0m | — | CN¥121.0m |
| Total assets | CN¥2.75bn | CN¥2.79bn | CN¥2.70bn | CN¥3.40bn | CN¥3.42bn | CN¥3.45bn | CN¥3.43bn | CN¥4.87bn |
| Cash and short-term investments | — | — | — | CN¥222.9m | CN¥211.1m | CN¥182.0m | CN¥163.8m | CN¥120.1m |
| Debt | CN¥400.7m | CN¥464.1m | CN¥270.2m | CN¥1.08bn | CN¥889.0m | CN¥881.8m | CN¥888.5m | CN¥986.7m |
| Shareholders' equity | CN¥866.4m | CN¥853.8m | CN¥837.9m | CN¥1.36bn | CN¥1.34bn | CN¥1.32bn | CN¥1.30bn | CN¥2.76bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -31.6% | -96.1% | 18.1% | 17.1% | 13.7% | 9.3% |
| Net margin | -35.0% | -101.1% | 11.5% | 11.2% | 8.4% | 7.2% |
| Return on equity | -55.2% | -105.2% | 7.0% | 7.1% | 5.5% | 4.2% |
| Return on assets | -17.1% | -39.9% | 3.6% | 3.5% | 2.3% | 2.8% |
| Free cash flow yield | — | 9.6% | 9.1% | — | — | — |
| Revenue growth | -2.3% | -17.3% | 1.0% | 3.8% | 18.6% | -9.9% |
| Earnings growth | -66.2% | -827.7% | 4.0% | 38.6% | 37.8% | 124.9% |
| Current ratio | 0.67x | 0.77x | 1.84x | 1.34x | 1.20x | 1.51x |
| Debt to equity | 0.32x | 0.68x | 0.54x | 0.62x | 0.76x | 0.24x |
| Equity ratio | 31.0% | 37.9% | 52.2% | 49.0% | 42.0% | 66.1% |
| Interest coverage | -9.94x | -23.24x | 4.51x | 3.92x | 3.38x | 11.19x |
| R&D as a share of sales | 5.1% | 5.3% | 4.2% | 3.4% | 4.1% | 4.2% |
| Buybacks as a share of market value | 0.0% | 0.1% | -0.3% | 1.3% | -0.6% | -4.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.6% | 0.1% | 1.8% |
| Operating income | -14.0% | 8.0% | 22.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -42.3% | -9.8% | -3.6% | -0.5% |
| Net margin | -68.5% | -24.7% | -14.1% | -7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.0 | -3.0 | 26.5 | 27.6 | 44.0 | 59.4 | 113.5 | 98.8 | 130.5 | 469.2 |
| Price to sales | 2.8 | 3.1 | 3.0 | 3.1 | 3.7 | 4.3 | 3.3 | 2.8 | 3.7 | 9.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.021 | 0.021 | 0.018 | 0.015 | 0.01 | 0.03 | 0.017 | 0.015 |
- 3-for-2 split · 7 May 2014
- 2-for-1 split · 16 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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