A 
7.55
+1.07%
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¥2.46bn
FY2016FY2025
Net income
−CN¥269.6m
FY2016FY2025
Free cash flow
−CN¥36.6m
FY2016FY2025
Shareholders' equity
CN¥3.71bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.46bn | CN¥2.32bn | CN¥2.50bn | CN¥2.59bn | CN¥2.45bn | CN¥2.19bn | CN¥2.34bn | CN¥1.82bn | CN¥1.78bn | CN¥2.41bn |
| Research and development | CN¥243.6m | CN¥266.1m | CN¥266.3m | CN¥248.9m | CN¥239.6m | CN¥231.2m | CN¥223.4m | CN¥195.0m | CN¥187.1m | CN¥148.1m |
| Operating income | −CN¥307.3m | −CN¥430.8m | −CN¥173.3m | CN¥122.8m | −CN¥294.2m | CN¥51.8m | −CN¥375.1m | CN¥3.4m | −CN¥586.6m | CN¥28.3m |
| Net income | −CN¥269.6m | −CN¥476.0m | −CN¥170.3m | CN¥93.8m | −CN¥259.2m | CN¥35.6m | −CN¥354.5m | CN¥24.7m | −CN¥511.8m | CN¥124.7m |
| Diluted earnings per share | -0.35 | -0.61 | -0.22 | 0.11 | -0.34 | 0.05 | -0.45 | 0.02 | -0.68 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.78bn | CN¥5.93bn | CN¥6.50bn | CN¥6.52bn | CN¥6.26bn | CN¥6.15bn | CN¥6.21bn | CN¥6.66bn | CN¥7.07bn | CN¥7.79bn |
| Cash and short-term investments | — | CN¥737.2m | CN¥1.04bn | CN¥1.20bn | CN¥1.86bn | CN¥989.5m | CN¥1.42bn | CN¥1.47bn | CN¥1.92bn | CN¥3.42bn |
| Total liabilities | CN¥1.88bn | CN¥1.76bn | CN¥1.89bn | CN¥1.80bn | CN¥1.48bn | CN¥1.04bn | CN¥1.21bn | CN¥1.31bn | CN¥1.73bn | CN¥1.92bn |
| Debt | CN¥147.7m | CN¥515.5m | CN¥705.8m | CN¥715.1m | CN¥502.9m | CN¥260.1m | CN¥508.2m | CN¥585.9m | CN¥954.9m | CN¥1.07bn |
| Shareholders' equity | CN¥3.71bn | CN¥3.96bn | CN¥4.43bn | CN¥4.57bn | CN¥4.68bn | CN¥5.03bn | CN¥5.00bn | CN¥5.35bn | CN¥5.32bn | CN¥5.84bn |
| Shares outstanding | 767m | 778m | 771m | 866m | 761m | 777m | 780m | 993m | 753m | 721m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥68.5m | CN¥110.2m | CN¥98.5m | CN¥171.8m | CN¥27.4m | CN¥157.6m | CN¥583.5m | CN¥49.3m | CN¥106.2m | CN¥338.4m |
| Capital spending | −CN¥105.1m | −CN¥216.8m | −CN¥435.8m | −CN¥698.9m | −CN¥409.0m | −CN¥298.3m | −CN¥326.1m | −CN¥290.5m | −CN¥234.6m | −CN¥424.2m |
| Free cash flow | −CN¥36.6m | −CN¥106.7m | −CN¥337.3m | −CN¥527.1m | −CN¥381.6m | −CN¥140.7m | CN¥257.3m | −CN¥241.2m | −CN¥128.4m | −CN¥85.9m |
| Dividends paid | −CN¥21.6m | −CN¥24.3m | −CN¥28.1m | −CN¥28.0m | −CN¥16.3m | −CN¥12.1m | −CN¥36.8m | −CN¥38.4m | −CN¥48.5m | −CN¥313.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥676.0m | CN¥612.7m | CN¥694.2m | CN¥589.3m | CN¥626.8m | CN¥547.5m | CN¥593.8m | CN¥588.2m |
| Operating income | −CN¥56.7m | −CN¥60.2m | −CN¥68.1m | −CN¥62.0m | −CN¥78.5m | −CN¥67.1m | −CN¥225.9m | −CN¥82.4m |
| Net income | −CN¥60.0m | −CN¥53.0m | −CN¥100.0m | −CN¥53.3m | −CN¥61.1m | −CN¥55.2m | −CN¥251.8m | −CN¥87.3m |
| Diluted earnings per share | -0.08 | -0.07 | -0.13 | -0.07 | -0.08 | -0.07 | -0.32 | -0.11 |
| Cash from operations | — | — | — | −CN¥16.0m | CN¥66.0m | −CN¥34.0m | — | −CN¥59.0m |
| Capital spending | −CN¥34.0m | −CN¥26.0m | −CN¥31.0m | −CN¥24.0m | −CN¥17.0m | −CN¥31.0m | −CN¥51.0m | −CN¥46.0m |
| Free cash flow | — | — | — | −CN¥40.0m | CN¥49.0m | −CN¥65.0m | — | −CN¥105.0m |
| Total assets | CN¥5.99bn | CN¥5.68bn | CN¥5.78bn | CN¥5.86bn | CN¥5.66bn | CN¥5.78bn | CN¥5.93bn | CN¥5.97bn |
| Cash and short-term investments | — | — | — | CN¥667.1m | CN¥514.9m | CN¥625.4m | CN¥737.2m | CN¥666.3m |
| Debt | CN¥134.2m | CN¥147.6m | CN¥147.7m | CN¥439.3m | CN¥316.3m | CN¥453.0m | CN¥480.4m | CN¥464.2m |
| Shareholders' equity | CN¥3.60bn | CN¥3.66bn | CN¥3.71bn | CN¥3.81bn | CN¥3.85bn | CN¥3.91bn | CN¥3.96bn | CN¥4.22bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.8% | 2.4% | 1.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.4% | -8.0% | -7.1% | -7.5% |
| Net margin | -15.6% | -8.3% | -7.2% | -6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -35.6 | -19.2 | -46.7 | 71.7 | -37.1 | 225.7 | -33.9 | 377.6 | -24.2 | 146.6 |
| Price to sales | 3.9 | 3.9 | 3.2 | 2.6 | 3.9 | 3.7 | 5.1 | 5.1 | 7.0 | 7.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Nov 2016.
| FY2016 | FY2015 | FY2014 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.37 | 0.235 | 0.245 | 0.449 |
- 17-for-10 split · 8 Apr 2015
- 6-for-5 split · 21 Aug 2014
- 2-for-1 split · 5 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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