M 
4.80
-1.23%
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¥1.62bn
FY2016FY2025
Net income
CN¥24.1m
FY2016FY2025
Free cash flow
CN¥51.8m
FY2016FY2025
Shareholders' equity
CN¥2.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.62bn | CN¥1.64bn | CN¥1.60bn | CN¥1.31bn | CN¥1.47bn | CN¥1.22bn | CN¥1.39bn | CN¥1.31bn | CN¥1.13bn | CN¥1.15bn |
| Gross profit | CN¥478.5m | CN¥488.5m | CN¥502.2m | CN¥388.4m | CN¥528.2m | CN¥455.0m | CN¥524.2m | CN¥505.4m | CN¥376.1m | CN¥409.0m |
| Research and development | CN¥69.3m | CN¥71.4m | CN¥59.4m | CN¥71.5m | CN¥69.3m | CN¥79.6m | CN¥81.8m | CN¥86.4m | CN¥84.4m | CN¥74.6m |
| Operating income | CN¥90.9m | CN¥88.8m | CN¥120.5m | −CN¥79.3m | CN¥64.0m | −CN¥85.1m | −CN¥606.6m | CN¥107.2m | CN¥175.3m | CN¥145.4m |
| Net income | CN¥24.1m | CN¥12.6m | CN¥40.7m | −CN¥67.5m | CN¥34.5m | −CN¥96.5m | −CN¥672.7m | CN¥83.5m | CN¥148.3m | CN¥138.5m |
| Diluted earnings per share | 0.06 | 0.03 | 0.10 | -0.11 | 0.08 | -0.24 | -1.78 | 0.34 | 0.31 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.34bn | CN¥6.24bn | CN¥6.26bn | CN¥6.39bn | CN¥6.61bn | CN¥6.22bn | CN¥5.25bn | CN¥5.88bn | CN¥5.32bn | CN¥3.64bn |
| Cash and short-term investments | — | CN¥306.0m | CN¥235.5m | CN¥355.3m | CN¥633.3m | CN¥501.2m | CN¥535.8m | CN¥835.0m | CN¥1.29bn | CN¥409.2m |
| Total liabilities | CN¥3.46bn | CN¥3.39bn | CN¥3.42bn | CN¥3.68bn | CN¥3.81bn | CN¥3.43bn | CN¥2.34bn | CN¥2.08bn | CN¥1.34bn | CN¥1.04bn |
| Debt | CN¥960.0m | CN¥1.87bn | CN¥2.56bn | CN¥2.64bn | CN¥2.65bn | CN¥2.36bn | CN¥1.28bn | CN¥1.07bn | CN¥570.0m | CN¥485.0m |
| Shareholders' equity | CN¥2.70bn | CN¥2.67bn | CN¥2.65bn | CN¥2.61bn | CN¥2.71bn | CN¥2.72bn | CN¥2.80bn | CN¥3.61bn | CN¥3.78bn | CN¥2.47bn |
| Shares outstanding | 427m | 423m | 423m | 620m | 434m | 405m | 378m | 244m | 482m | 326m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥150.1m | CN¥115.8m | CN¥40.8m | CN¥100.0m | CN¥148.0m | CN¥161.0m | CN¥46.1m | CN¥24.4m | CN¥11.5m | CN¥272.1m |
| Capital spending | −CN¥98.2m | −CN¥74.2m | −CN¥39.4m | −CN¥149.3m | −CN¥131.4m | −CN¥218.9m | −CN¥360.9m | −CN¥313.8m | −CN¥282.0m | −CN¥174.1m |
| Free cash flow | CN¥51.8m | CN¥41.7m | CN¥1.4m | −CN¥49.3m | CN¥16.6m | −CN¥57.9m | −CN¥314.8m | −CN¥289.4m | −CN¥270.5m | CN¥98.0m |
| Dividends paid | −CN¥62.8m | −CN¥62.1m | −CN¥94.5m | −CN¥112.4m | −CN¥96.0m | −CN¥110.0m | −CN¥49.6m | −CN¥238.9m | −CN¥287.7m | −CN¥23.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥482.3m | CN¥286.1m | CN¥493.6m | CN¥403.9m | CN¥386.6m | CN¥339.7m | CN¥502.4m | CN¥384.8m |
| Gross profit | CN¥137.9m | CN¥71.7m | CN¥148.8m | CN¥125.5m | CN¥107.3m | CN¥96.9m | CN¥152.0m | CN¥127.0m |
| Operating income | CN¥49.3m | −CN¥18.4m | CN¥58.7m | CN¥2.7m | CN¥2.9m | CN¥13.5m | CN¥22.4m | CN¥37.2m |
| Net income | CN¥21.5m | −CN¥33.2m | CN¥17.4m | CN¥1.6m | CN¥440,082 | CN¥4.6m | CN¥9.2m | CN¥12.3m |
| Diluted earnings per share | 0.05 | -0.08 | 0.04 | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 |
| Cash from operations | — | — | — | CN¥40.0m | CN¥17.0m | CN¥15.0m | — | CN¥25.0m |
| Capital spending | −CN¥29.0m | −CN¥27.0m | −CN¥45.0m | −CN¥7.0m | −CN¥12.0m | −CN¥32.0m | −CN¥20.0m | −CN¥20.0m |
| Free cash flow | — | — | — | CN¥33.0m | CN¥5.0m | −CN¥17.0m | — | CN¥5.0m |
| Total assets | CN¥6.79bn | CN¥6.39bn | CN¥6.34bn | CN¥6.33bn | CN¥6.39bn | CN¥6.24bn | CN¥6.24bn | CN¥6.33bn |
| Cash and short-term investments | — | — | — | CN¥293.3m | CN¥289.0m | CN¥263.1m | CN¥286.0m | CN¥232.1m |
| Debt | CN¥1.03bn | CN¥918.1m | CN¥960.0m | CN¥1.38bn | CN¥1.96bn | CN¥1.92bn | CN¥1.87bn | CN¥1.88bn |
| Shareholders' equity | CN¥2.69bn | CN¥2.67bn | CN¥2.70bn | CN¥2.68bn | CN¥2.68bn | CN¥2.67bn | CN¥2.67bn | CN¥2.66bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.5% | 29.8% | 31.3% | 29.6% | 36.0% | 37.2% |
| Operating margin | 5.9% | 6.0% | 8.9% | 1.9% | 10.6% | 1.9% |
| Net margin | 1.5% | 0.8% | 2.5% | -5.1% | 2.4% | -7.9% |
| Return on equity | 0.9% | 0.5% | 1.5% | -2.6% | 1.3% | -3.6% |
| Return on assets | 0.4% | 0.2% | 0.7% | -1.1% | 0.5% | -1.6% |
| Free cash flow yield | 9.9% | 7.7% | 3.2% | 6.9% | 11.0% | 16.0% |
| Revenue growth | -1.1% | 2.4% | 22.2% | -10.6% | 19.9% | -11.7% |
| Earnings growth | 90.9% | -69.0% | -160.3% | -295.6% | -135.8% | -85.7% |
| Current ratio | 1.07x | 1.26x | 1.06x | 1.13x | 1.15x | 1.30x |
| Debt to equity | 0.36x | 0.70x | 0.93x | 0.98x | 0.97x | 0.79x |
| Equity ratio | 42.7% | 42.7% | 42.4% | 40.9% | 40.9% | 43.6% |
| Interest coverage | 1.39x | 1.29x | 1.50x | 0.25x | 1.49x | 0.22x |
| R&D as a share of sales | 4.3% | 4.3% | 3.7% | 5.4% | 4.7% | 6.5% |
| Buybacks as a share of market value | -0.9% | 0.0% | 31.7% | -43.0% | -7.1% | -7.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.4% | 5.8% | 3.9% |
| Operating income | — | — | -6.8% |
| Net income | — | — | -17.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.6% | 30.0% | 32.0% | 34.2% |
| Operating margin | 5.5% | 3.6% | 2.3% | 1.4% |
| Net margin | 1.1% | 0.2% | -0.6% | -1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 142.4 | 189.1 | 70.7 | -49.3 | 90.0 | -25.1 | -4.1 | 23.3 | 45.6 | 39.5 |
| Price to sales | 2.1 | 1.4 | 1.8 | 2.5 | 2.1 | 2.0 | 2.0 | 1.5 | 6.0 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Sept 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.45 | 0.60 | 0.125 | 0.111 | 0.345 | 0.35 | 0.357 |
- 2-for-1 split · 21 Apr 2015
- 7-for-5 split · 16 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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