C 
4.54
-4.82%
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¥448.2m
FY2016FY2025
Net income
CN¥13.1m
FY2016FY2025
Free cash flow
−CN¥47.1m
FY2016FY2025
Shareholders' equity
CN¥64.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥448.2m | CN¥531.2m | CN¥574.2m | CN¥584.7m | CN¥761.0m | CN¥893.5m | CN¥893.5m | CN¥904.5m | CN¥772.3m | CN¥822.4m |
| Gross profit | CN¥97.5m | CN¥100.0m | CN¥66.7m | CN¥29.7m | CN¥105.2m | CN¥73.1m | CN¥124.7m | CN¥230.5m | CN¥208.8m | CN¥233.0m |
| Research and development | CN¥10.1m | CN¥11.9m | CN¥14.1m | CN¥12.6m | CN¥15.8m | CN¥17.7m | CN¥13.1m | CN¥21.3m | CN¥37.3m | CN¥23.9m |
| Operating income | — | −CN¥26.5m | −CN¥112.9m | −CN¥189.5m | −CN¥164.1m | −CN¥297.8m | −CN¥236.8m | CN¥67.7m | −CN¥26.5m | CN¥40.7m |
| Net income | CN¥13.1m | −CN¥58.7m | −CN¥160.2m | −CN¥187.7m | −CN¥164.1m | −CN¥284.7m | −CN¥288.8m | CN¥16.2m | −CN¥37.3m | CN¥9.2m |
| Diluted earnings per share | 0.04 | -0.18 | -0.49 | -0.59 | -0.49 | -0.86 | -0.90 | 0.05 | -0.10 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥722.7m | CN¥853.9m | CN¥1.16bn | CN¥1.36bn | CN¥1.59bn | CN¥1.73bn | CN¥1.82bn | CN¥2.07bn | CN¥2.06bn | CN¥2.05bn |
| Cash and short-term investments | — | CN¥67.3m | CN¥206.3m | CN¥90.9m | CN¥143.5m | CN¥116.7m | CN¥250.7m | CN¥245.5m | CN¥237.5m | CN¥196.5m |
| Total liabilities | CN¥662.1m | CN¥804.0m | CN¥1.05bn | CN¥1.09bn | CN¥1.14bn | CN¥1.11bn | CN¥915.6m | CN¥870.7m | CN¥884.6m | CN¥786.5m |
| Debt | — | CN¥439.9m | CN¥428.1m | CN¥546.9m | CN¥546.1m | CN¥535.5m | CN¥535.4m | CN¥633.5m | CN¥548.7m | CN¥486.5m |
| Shareholders' equity | CN¥64.9m | CN¥52.8m | CN¥112.6m | CN¥270.8m | CN¥453.4m | CN¥619.0m | CN¥906.8m | CN¥1.20bn | CN¥1.18bn | CN¥1.26bn |
| Shares outstanding | 326m | 324m | 326m | 317m | 336m | 329m | 320m | 317m | 383m | 326m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥19.9m | −CN¥69.5m | CN¥148.0m | −CN¥9.3m | −CN¥25.0m | −CN¥5.2m | −CN¥24.0m | CN¥7.4m | CN¥11.2m | −CN¥18.5m |
| Capital spending | −CN¥27.2m | −CN¥18.8m | −CN¥10.1m | −CN¥12.4m | −CN¥29.1m | −CN¥24.8m | −CN¥14.3m | −CN¥27.9m | −CN¥26.1m | −CN¥40.7m |
| Free cash flow | −CN¥47.1m | −CN¥88.3m | CN¥137.9m | −CN¥21.7m | −CN¥54.1m | −CN¥30.0m | −CN¥38.2m | −CN¥20.5m | −CN¥15.0m | −CN¥59.1m |
| Dividends paid | −CN¥26.7m | −CN¥31.5m | −CN¥35.4m | −CN¥30.1m | −CN¥41.3m | −CN¥35.1m | −CN¥36.6m | −CN¥35.9m | −CN¥31.3m | −CN¥19.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥131.0m | CN¥107.8m | CN¥113.9m | CN¥112.2m | CN¥117.2m | CN¥104.9m | CN¥129.9m | CN¥148.6m |
| Gross profit | CN¥32.4m | CN¥29.2m | CN¥17.6m | CN¥26.4m | CN¥31.7m | CN¥21.9m | CN¥8.1m | CN¥31.0m |
| Operating income | CN¥4.9m | CN¥8.1m | −CN¥9.1m | −CN¥76.7m | CN¥19.7m | −CN¥19.7m | −CN¥60.0m | CN¥16.5m |
| Net income | CN¥4.8m | −CN¥639,506 | CN¥96.2m | −CN¥39.4m | −CN¥23.7m | −CN¥20.0m | −CN¥65.0m | CN¥4.2m |
| Diluted earnings per share | 0.01 | -0.00 | 0.29 | -0.12 | -0.07 | -0.06 | -0.20 | 0.01 |
| Cash from operations | — | — | — | CN¥1.0m | −CN¥5.0m | −CN¥21.0m | — | CN¥6.0m |
| Capital spending | −CN¥7.0m | −CN¥3.0m | −CN¥10.0m | −CN¥5.0m | −CN¥7.0m | −CN¥3.0m | −CN¥7.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥4.0m | −CN¥12.0m | −CN¥24.0m | — | CN¥3.0m |
| Total assets | CN¥656.4m | CN¥638.1m | CN¥722.7m | CN¥770.0m | CN¥807.3m | CN¥869.5m | CN¥853.9m | CN¥944.2m |
| Cash and short-term investments | — | — | — | CN¥47.6m | CN¥57.1m | CN¥90.4m | CN¥40.1m | CN¥47.3m |
| Debt | — | — | — | CN¥595.2m | CN¥375.9m | CN¥426.6m | CN¥429.2m | CN¥419.9m |
| Shareholders' equity | CN¥89.7m | CN¥63.4m | CN¥64.9m | −CN¥30.6m | CN¥8.8m | CN¥32.7m | CN¥52.8m | CN¥120.9m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 21.8% | 18.8% | 11.6% | 5.1% | 13.8% | 8.2% | — |
| Operating margin | 19.2% | -5.0% | -19.7% | -25.2% | -16.1% | -27.7% | — |
| Net margin | 2.9% | -11.0% | -27.9% | -32.1% | -21.6% | -31.9% | — |
| Return on equity | 20.1% | -111.2% | -142.4% | -69.3% | -36.2% | -46.0% | — |
| Return on assets | 1.8% | -6.9% | -13.8% | -13.8% | -10.3% | -16.5% | — |
| Free cash flow yield | 0.5% | -3.3% | 10.3% | 0.2% | 0.3% | 1.3% | — |
| Revenue growth | -15.6% | -7.5% | -1.8% | -23.2% | -14.8% | -0.0% | — |
| Earnings growth | -122.3% | -63.4% | -14.6% | 14.4% | -42.4% | -1.4% | — |
| Current ratio | 0.68x | 0.53x | 0.66x | 0.82x | 1.01x | 1.05x | — |
| Debt to equity | — | 8.13x | 3.80x | 1.64x | 1.20x | 0.76x | 0.72x |
| Equity ratio | 9.0% | 6.2% | 9.7% | 19.9% | 28.5% | 35.8% | — |
| Interest coverage | 2.08x | -0.67x | -2.68x | -3.50x | -2.98x | -6.15x | — |
| R&D as a share of sales | 2.2% | 2.2% | 2.5% | 2.2% | 2.1% | 2.0% | — |
| Buybacks as a share of market value | -0.5% | 0.5% | -2.8% | 5.8% | -2.1% | -3.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.5% | -12.9% | -5.2% |
| Net income | — | — | -5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.2% | 13.7% | 12.5% | 18.7% |
| Net margin | -4.7% | -18.4% | -22.2% | -14.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 156.1 | -42.1 | -14.6 | -7.0 | -13.7 | -7.4 | -6.3 | 95.0 | -62.1 | 456.4 |
| Price to sales | 4.5 | 4.7 | 4.1 | 2.2 | 3.0 | 2.4 | 2.0 | 1.7 | 3.0 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 May 2017.
| FY2017 | FY2012 | FY2011 | |
|---|---|---|---|
| Paid in the year | 0.021 | 0.125 | 0.167 |
- 2-for-1 split · 1 Jun 2012
- 3-for-2 split · 27 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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