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5.13
+0.98%
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¥1.60bn
FY2016FY2025
Net income
−CN¥1.39bn
FY2016FY2025
Free cash flow
CN¥118.1m
FY2016FY2025
Shareholders' equity
−CN¥360.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.60bn | CN¥1.86bn | CN¥2.30bn | CN¥2.19bn | CN¥2.97bn | CN¥3.07bn | CN¥2.79bn | CN¥2.50bn | CN¥2.19bn | CN¥1.86bn |
| Gross profit | CN¥435.9m | CN¥407.6m | CN¥743.3m | CN¥533.4m | CN¥741.4m | CN¥979.1m | CN¥880.1m | CN¥910.8m | CN¥632.4m | CN¥585.1m |
| Research and development | CN¥70.9m | CN¥92.3m | CN¥89.8m | CN¥94.8m | CN¥90.6m | CN¥67.0m | CN¥61.3m | CN¥38.7m | CN¥40.0m | CN¥33.3m |
| Operating income | −CN¥76.6m | −CN¥784.5m | −CN¥332.7m | −CN¥464.1m | −CN¥588.7m | CN¥229.2m | CN¥112.6m | CN¥126.0m | CN¥105.5m | CN¥60.0m |
| Net income | −CN¥1.39bn | −CN¥858.6m | −CN¥389.0m | −CN¥530.1m | −CN¥688.5m | CN¥98.4m | CN¥76.5m | CN¥56.4m | CN¥65.9m | CN¥66.0m |
| Diluted earnings per share | -2.11 | -1.29 | -0.60 | -0.80 | -1.04 | 0.16 | 0.11 | 0.09 | 0.10 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.75bn | CN¥7.50bn | CN¥8.28bn | CN¥9.35bn | CN¥11.38bn | CN¥9.78bn | CN¥8.46bn | CN¥8.63bn | CN¥9.44bn | CN¥7.99bn |
| Cash and short-term investments | — | CN¥144.7m | CN¥149.3m | CN¥166.6m | CN¥261.7m | CN¥624.5m | CN¥524.2m | CN¥673.4m | CN¥1.41bn | CN¥862.2m |
| Total liabilities | CN¥6.70bn | CN¥6.06bn | CN¥5.97bn | CN¥6.53bn | CN¥7.62bn | CN¥5.53bn | CN¥4.35bn | CN¥4.61bn | CN¥5.56bn | CN¥4.30bn |
| Debt | CN¥437.4m | CN¥1.96bn | CN¥2.43bn | CN¥2.46bn | CN¥3.45bn | CN¥3.96bn | CN¥2.68bn | CN¥3.62bn | CN¥3.47bn | CN¥2.35bn |
| Shareholders' equity | −CN¥360.3m | CN¥1.05bn | CN¥1.92bn | CN¥2.41bn | CN¥2.95bn | CN¥3.62bn | CN¥3.49bn | CN¥3.43bn | CN¥3.46bn | CN¥3.40bn |
| Shares outstanding | 659m | 668m | 645m | 659m | 663m | 616m | 673m | 619m | 651m | 661m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥139.6m | CN¥18.2m | CN¥263.4m | CN¥227.4m | CN¥257.6m | CN¥257.2m | CN¥83.0m | CN¥91.2m | CN¥109.5m | CN¥198.5m |
| Capital spending | −CN¥21.5m | −CN¥35.2m | −CN¥56.0m | −CN¥367.3m | −CN¥562.7m | −CN¥707.4m | −CN¥661.1m | −CN¥495.5m | −CN¥777.9m | −CN¥1.97bn |
| Free cash flow | CN¥118.1m | −CN¥17.1m | CN¥207.4m | −CN¥139.9m | −CN¥305.2m | −CN¥450.2m | −CN¥578.1m | −CN¥404.2m | −CN¥668.3m | −CN¥1.77bn |
| Dividends paid | −CN¥5.8m | −CN¥50.5m | −CN¥140.7m | −CN¥175.8m | −CN¥216.9m | −CN¥31.3m | −CN¥21.3m | −CN¥207.4m | −CN¥172.2m | −CN¥157.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥348.6m | CN¥354.2m | CN¥449.5m | CN¥320.6m | CN¥397.0m | CN¥421.0m | CN¥325.1m | CN¥437.0m |
| Gross profit | CN¥101.9m | CN¥125.7m | CN¥74.1m | CN¥121.2m | CN¥86.9m | CN¥123.4m | −CN¥69.3m | CN¥115.5m |
| Operating income | −CN¥3.6m | CN¥28.4m | −CN¥30.7m | −CN¥29.8m | −CN¥118.1m | −CN¥66.1m | −CN¥628.2m | −CN¥72.1m |
| Net income | −CN¥157.4m | −CN¥111.4m | −CN¥1.03bn | −CN¥128.0m | −CN¥146.1m | −CN¥87.7m | −CN¥640.8m | −CN¥82.6m |
| Diluted earnings per share | -0.24 | -0.17 | -1.56 | -0.19 | -0.22 | -0.13 | -0.96 | -0.12 |
| Cash from operations | — | — | — | CN¥75.0m | CN¥33.0m | −CN¥81.0m | — | −CN¥29.0m |
| Capital spending | −CN¥9.0m | −CN¥3.0m | −CN¥8.0m | −CN¥5.0m | −CN¥2.0m | −CN¥5.0m | −CN¥7.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥70.0m | CN¥31.0m | −CN¥86.0m | — | −CN¥33.0m |
| Total assets | CN¥6.65bn | CN¥6.66bn | CN¥6.75bn | CN¥7.36bn | CN¥7.40bn | CN¥7.44bn | CN¥7.50bn | CN¥8.05bn |
| Cash and short-term investments | — | — | — | CN¥125.8m | CN¥96.2m | CN¥57.5m | CN¥131.7m | CN¥75.6m |
| Debt | — | CN¥68.1m | CN¥437.4m | CN¥2.06bn | CN¥1.48bn | CN¥1.58bn | CN¥1.93bn | CN¥2.02bn |
| Shareholders' equity | −CN¥628.6m | −CN¥471.5m | −CN¥360.3m | CN¥692.6m | CN¥821.1m | CN¥967.1m | CN¥1.05bn | CN¥1.71bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.3% | 21.9% | 32.3% | 24.4% | 25.0% | 31.9% |
| Operating margin | -66.0% | -12.6% | 2.2% | -8.0% | -0.8% | 10.2% |
| Net margin | -87.3% | -46.2% | -16.9% | -24.2% | -23.2% | 3.2% |
| Return on equity | 386.4% | -81.4% | -20.2% | -22.0% | -23.4% | 2.7% |
| Return on assets | -20.6% | -11.4% | -4.7% | -5.7% | -6.0% | 1.0% |
| Free cash flow yield | 4.5% | 1.5% | 9.2% | 16.7% | 22.9% | 29.0% |
| Revenue growth | -14.2% | -19.2% | 5.1% | -26.4% | -3.3% | 10.3% |
| Earnings growth | 62.2% | 120.7% | -26.6% | -23.0% | -799.5% | 28.6% |
| Current ratio | 0.26x | 0.30x | 0.35x | 0.29x | 0.44x | 0.85x |
| Debt to equity | -1.21x | 1.83x | 1.25x | 0.98x | 1.17x | 1.10x |
| Equity ratio | -5.3% | 14.1% | 23.2% | 25.7% | 25.9% | 37.0% |
| Interest coverage | -3.71x | -1.00x | 0.20x | -0.81x | -0.11x | 2.25x |
| R&D as a share of sales | 4.4% | 5.0% | 3.9% | 4.3% | 3.1% | 2.2% |
| Buybacks as a share of market value | 1.3% | -3.5% | 2.1% | 0.6% | -7.7% | 8.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.0% | -12.3% | 0.9% |
| Operating income | -45.1% | — | — |
| Net income | 38.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.4% | 26.7% | 27.5% | 30.1% |
| Operating margin | -24.9% | -20.9% | -14.4% | -5.8% |
| Net margin | -65.2% | -39.9% | -26.9% | -13.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | -7.6 | -8.5 | -7.5 | -7.8 | 56.0 | 77.9 | 67.3 | 88.5 | 129.1 |
| Price to sales | 3.8 | 3.5 | 1.4 | 1.8 | 1.8 | 1.8 | 2.1 | 1.5 | 2.7 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2020.
| FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.046 | 0.034 | 0.03 | 0.12 | 0.112 | 0.102 | 0.118 | 0.099 |
- 13-for-10 split · 14 Jul 2014
- 13-for-10 split · 17 Jun 2013
- 6-for-5 split · 27 Apr 2012
- 2-for-1 split · 23 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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