H 
3.98
-1.00%
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¥4.00bn
FY2016FY2025
Net income
CN¥66.8m
FY2016FY2025
Free cash flow
CN¥549.7m
FY2016FY2025
Shareholders' equity
CN¥4.68bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.00bn | CN¥4.58bn | CN¥4.59bn | CN¥4.23bn | CN¥4.14bn | CN¥3.22bn | CN¥3.24bn | CN¥3.07bn | CN¥2.51bn | CN¥1.44bn |
| Research and development | CN¥153.2m | CN¥192.3m | CN¥201.6m | CN¥225.3m | CN¥201.0m | CN¥175.0m | CN¥164.2m | CN¥140.1m | CN¥118.3m | CN¥39.9m |
| Operating income | CN¥95.6m | CN¥77.0m | −CN¥182.7m | −CN¥291.2m | CN¥150.7m | −CN¥378.2m | CN¥245.2m | CN¥371.0m | CN¥291.6m | CN¥89.3m |
| Net income | CN¥66.8m | CN¥71.0m | −CN¥231.4m | −CN¥354.3m | CN¥62.7m | −CN¥483.9m | CN¥158.4m | CN¥295.4m | CN¥249.3m | CN¥100.5m |
| Diluted earnings per share | 0.04 | 0.04 | -0.13 | -0.20 | 0.04 | -0.30 | 0.09 | 0.14 | 0.16 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.12bn | CN¥7.05bn | CN¥7.58bn | CN¥7.99bn | CN¥8.37bn | CN¥8.06bn | CN¥8.39bn | CN¥7.54bn | CN¥6.62bn | CN¥3.84bn |
| Cash and short-term investments | — | CN¥422.8m | CN¥439.1m | CN¥552.9m | CN¥494.2m | CN¥362.4m | CN¥319.4m | CN¥396.0m | CN¥303.8m | CN¥262.4m |
| Total liabilities | CN¥1.44bn | CN¥2.42bn | CN¥3.02bn | CN¥3.23bn | CN¥3.23bn | CN¥2.97bn | CN¥3.14bn | CN¥2.40bn | CN¥1.75bn | CN¥1.21bn |
| Debt | — | CN¥681.0m | CN¥1.50bn | CN¥1.77bn | CN¥1.49bn | CN¥1.46bn | CN¥1.47bn | CN¥865.8m | CN¥870.4m | CN¥438.6m |
| Shareholders' equity | CN¥4.68bn | CN¥4.63bn | CN¥4.55bn | CN¥4.76bn | CN¥5.14bn | CN¥5.08bn | CN¥5.25bn | CN¥5.13bn | CN¥4.86bn | CN¥2.63bn |
| Shares outstanding | 1,761m | 1,762m | 1,819m | 1,809m | 1,761m | 1,636m | 1,848m | 2,057m | 1,598m | 1,396m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥644.0m | CN¥902.9m | CN¥322.9m | CN¥146.6m | CN¥461.3m | CN¥627.5m | CN¥757.8m | CN¥108.7m | CN¥178.3m | −CN¥176.6m |
| Capital spending | −CN¥94.3m | −CN¥87.8m | −CN¥105.6m | −CN¥246.6m | −CN¥579.7m | −CN¥879.5m | −CN¥946.2m | −CN¥683.6m | −CN¥459.1m | −CN¥730.7m |
| Free cash flow | CN¥549.7m | CN¥815.1m | CN¥217.2m | −CN¥100.0m | −CN¥118.4m | −CN¥252.0m | −CN¥188.4m | −CN¥574.9m | −CN¥280.9m | −CN¥907.2m |
| Dividends paid | −CN¥20.9m | −CN¥29.1m | −CN¥53.3m | −CN¥54.5m | −CN¥58.7m | −CN¥34.1m | −CN¥39.8m | −CN¥96.6m | −CN¥45.4m | −CN¥22.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥957.3m | CN¥880.2m | CN¥1.01bn | CN¥1.01bn | CN¥917.9m | CN¥1.05bn | CN¥1.10bn | CN¥1.12bn |
| Operating income | CN¥40.1m | CN¥25.9m | CN¥38.3m | CN¥7.5m | CN¥12.4m | CN¥61.6m | −CN¥53.9m | CN¥60.7m |
| Net income | CN¥35.7m | −CN¥1.9m | −CN¥28.6m | CN¥19.6m | CN¥13.7m | CN¥62.0m | −CN¥52.8m | CN¥55.7m |
| Diluted earnings per share | 0.02 | -0.00 | -0.02 | 0.01 | 0.01 | 0.04 | -0.03 | 0.03 |
| Cash from operations | — | — | — | CN¥134.0m | CN¥392.0m | −CN¥78.0m | — | CN¥234.0m |
| Capital spending | −CN¥23.0m | −CN¥28.0m | −CN¥17.0m | −CN¥16.0m | −CN¥37.0m | −CN¥22.0m | −CN¥15.0m | −CN¥30.0m |
| Free cash flow | — | — | — | CN¥118.0m | CN¥355.0m | −CN¥100.0m | — | CN¥204.0m |
| Total assets | CN¥5.98bn | CN¥6.24bn | CN¥6.12bn | CN¥6.31bn | CN¥6.57bn | CN¥6.81bn | CN¥7.05bn | CN¥7.15bn |
| Cash and short-term investments | — | — | — | CN¥241.9m | CN¥414.8m | CN¥252.4m | CN¥422.8m | CN¥435.4m |
| Debt | — | — | — | CN¥712.8m | CN¥605.5m | CN¥634.6m | CN¥674.1m | CN¥883.4m |
| Shareholders' equity | CN¥4.71bn | CN¥4.68bn | CN¥4.68bn | CN¥4.72bn | CN¥4.70bn | CN¥4.69bn | CN¥4.63bn | CN¥4.68bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 2.4% | 1.7% | -4.0% | -6.9% | 3.6% | -11.7% | — |
| Net margin | 1.7% | 1.5% | -5.0% | -8.4% | 1.5% | -15.0% | — |
| Return on equity | 1.4% | 1.5% | -5.1% | -7.4% | 1.2% | -9.5% | — |
| Return on assets | 1.1% | 1.0% | -3.1% | -4.4% | 0.7% | -6.0% | — |
| Free cash flow yield | 9.7% | 13.0% | 5.4% | 5.0% | 13.7% | 21.3% | — |
| Revenue growth | -12.7% | -0.1% | 8.4% | 2.2% | 28.7% | -0.7% | — |
| Earnings growth | -6.0% | -130.7% | -34.7% | -665.1% | -113.0% | -405.6% | — |
| Current ratio | 1.50x | 1.07x | 1.08x | 1.12x | 1.16x | 1.21x | — |
| Debt to equity | — | 0.15x | 0.33x | 0.32x | 0.25x | 0.22x | 0.18x |
| Equity ratio | 76.5% | 65.7% | 60.1% | 59.5% | 61.4% | 63.1% | — |
| Interest coverage | 3.80x | 1.40x | -2.21x | -3.43x | 1.75x | -5.04x | — |
| R&D as a share of sales | 3.8% | 4.2% | 4.4% | 5.3% | 4.9% | 5.4% | — |
| Buybacks as a share of market value | 0.0% | 3.1% | -0.6% | -2.7% | -7.7% | 11.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | 4.4% | 13.4% |
| Operating income | — | — | -3.6% |
| Net income | — | — | -5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.0% | -1.7% | -2.1% | 1.7% |
| Net margin | 1.6% | -2.6% | -3.5% | 0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 182.8 | 156.3 | -34.8 | -19.7 | 141.3 | -20.0 | 103.2 | 51.8 | 58.4 | 126.0 |
| Price to sales | 3.0 | 2.4 | 1.8 | 1.6 | 2.1 | 3.0 | 5.0 | 5.0 | 5.8 | 8.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.023 | 0.019 | 0.011 | 0.011 | 0.012 | 0.015 | 0.015 |
- 3-for-2 split · 11 Jul 2019
- 9-for-5 split · 14 Jun 2018
- 5-for-2 split · 21 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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