H 
23.55
-2.44%
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¥966.4m
FY2016FY2025
Net income
CN¥36.6m
FY2016FY2025
Free cash flow
−CN¥449,760
FY2016FY2025
Shareholders' equity
CN¥614.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥966.4m | CN¥590.2m | CN¥431.4m | CN¥704.3m | CN¥736.0m | CN¥721.7m | CN¥614.2m | CN¥1.26bn | CN¥1.25bn | CN¥855.0m |
| Research and development | CN¥126.9m | CN¥88.0m | CN¥161.5m | CN¥158.7m | CN¥105.7m | CN¥143.9m | CN¥180.3m | CN¥94.9m | CN¥89.4m | CN¥60.4m |
| Operating income | CN¥177.8m | −CN¥44.8m | −CN¥385.6m | −CN¥263.7m | CN¥39.1m | −CN¥533.2m | −CN¥905.3m | CN¥210.9m | CN¥354.4m | CN¥315.5m |
| Net income | CN¥36.6m | −CN¥173.7m | −CN¥513.9m | −CN¥370.6m | CN¥30.8m | −CN¥609.4m | −CN¥884.8m | −CN¥340.8m | CN¥329.7m | CN¥291.9m |
| Diluted earnings per share | 0.04 | -0.19 | -0.61 | -0.48 | 0.03 | -0.68 | -0.87 | -0.37 | 0.34 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.15bn | CN¥3.01bn | CN¥3.28bn | CN¥3.61bn | CN¥3.91bn | CN¥4.04bn | CN¥4.72bn | CN¥5.66bn | CN¥5.30bn | CN¥4.46bn |
| Cash and short-term investments | — | CN¥96.0m | CN¥344.0m | CN¥266.8m | CN¥616.6m | CN¥451.6m | CN¥820.8m | CN¥1.56bn | CN¥1.27bn | CN¥880.5m |
| Total liabilities | CN¥2.52bn | CN¥2.41bn | CN¥2.49bn | CN¥2.31bn | CN¥2.26bn | CN¥2.36bn | CN¥2.49bn | CN¥2.27bn | CN¥1.41bn | CN¥852.4m |
| Debt | CN¥623.4m | CN¥1.50bn | CN¥1.56bn | CN¥1.34bn | CN¥1.71bn | CN¥1.74bn | CN¥1.91bn | CN¥1.76bn | CN¥774.8m | CN¥417.7m |
| Shareholders' equity | CN¥614.0m | CN¥578.6m | CN¥758.8m | CN¥1.27bn | CN¥1.58bn | CN¥1.64bn | CN¥2.23bn | CN¥3.39bn | CN¥3.88bn | CN¥3.60bn |
| Shares outstanding | 883m | 900m | 836m | 777m | 883m | 898m | 1,018m | 932m | 956m | 883m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥233.9m | CN¥164.7m | −CN¥3.5m | CN¥15.8m | CN¥156.8m | CN¥48.0m | CN¥104.6m | CN¥47.0m | CN¥228.6m | CN¥296.4m |
| Capital spending | −CN¥234.4m | −CN¥115.8m | −CN¥81.8m | −CN¥189.8m | −CN¥199.0m | −CN¥243.7m | −CN¥570.2m | −CN¥365.6m | −CN¥221.1m | −CN¥116.1m |
| Free cash flow | −CN¥449,760 | CN¥48.9m | −CN¥85.3m | −CN¥174.0m | −CN¥42.2m | −CN¥195.7m | −CN¥465.5m | −CN¥318.6m | CN¥7.4m | CN¥180.4m |
| Dividends paid | −CN¥94.8m | −CN¥111.7m | −CN¥117.9m | −CN¥114.8m | −CN¥115.6m | −CN¥105.0m | −CN¥114.6m | −CN¥252.8m | −CN¥128.3m | −CN¥63.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥389.1m | CN¥299.1m | CN¥283.2m | CN¥133.7m | CN¥239.5m | CN¥310.0m | CN¥215.0m | CN¥119.5m |
| Operating income | CN¥127.3m | CN¥119.8m | CN¥36.0m | −CN¥40.3m | CN¥91.3m | CN¥76.4m | −CN¥135.2m | −CN¥8.5m |
| Net income | CN¥108.9m | CN¥127.8m | −CN¥34.8m | −CN¥74.1m | CN¥75.6m | CN¥69.9m | −CN¥138.8m | −CN¥24.4m |
| Diluted earnings per share | 0.12 | 0.14 | -0.04 | -0.08 | 0.09 | 0.08 | -0.15 | -0.03 |
| Cash from operations | — | — | — | CN¥117.0m | CN¥116.0m | CN¥40.0m | CN¥76.0m | CN¥55.0m |
| Capital spending | −CN¥125.0m | −CN¥77.0m | −CN¥61.0m | −CN¥95.0m | −CN¥43.0m | −CN¥33.0m | −CN¥45.0m | −CN¥27.0m |
| Free cash flow | — | — | — | CN¥22.0m | CN¥73.0m | CN¥7.0m | CN¥31.0m | CN¥28.0m |
| Total assets | CN¥3.55bn | CN¥3.37bn | CN¥3.15bn | CN¥3.17bn | CN¥3.37bn | CN¥3.04bn | CN¥3.01bn | CN¥3.12bn |
| Cash and short-term investments | — | — | — | CN¥140.4m | CN¥373.4m | CN¥59.5m | CN¥96.0m | CN¥137.8m |
| Debt | CN¥947.4m | CN¥955.6m | CN¥623.4m | CN¥1.06bn | CN¥1.51bn | CN¥1.29bn | CN¥1.50bn | CN¥1.51bn |
| Shareholders' equity | CN¥850.2m | CN¥741.6m | CN¥614.0m | CN¥649.2m | CN¥723.8m | CN¥648.4m | CN¥578.6m | CN¥706.9m |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 18.4% | -7.6% | -89.4% | -37.4% | 5.3% | -73.9% |
| Net margin | 3.8% | -29.4% | -119.1% | -52.6% | 4.2% | -84.4% |
| Return on equity | 6.0% | -30.0% | -67.7% | -29.2% | 1.9% | -37.2% |
| Return on assets | 1.2% | -5.8% | -15.7% | -10.3% | 0.8% | -15.1% |
| Free cash flow yield | 2.2% | 1.3% | 0.4% | 1.1% | 1.7% | 1.4% |
| Revenue growth | 63.7% | 36.8% | -38.8% | -4.3% | 2.0% | 17.5% |
| Earnings growth | -121.1% | -66.2% | 38.7% | -1302.8% | -105.1% | -31.1% |
| Current ratio | 0.29x | 0.33x | 0.48x | 0.71x | 1.55x | 0.95x |
| Debt to equity | 1.02x | 2.59x | 2.05x | 1.05x | 1.08x | 1.05x |
| Equity ratio | 19.5% | 19.2% | 23.2% | 35.2% | 40.6% | 40.5% |
| Interest coverage | 1.81x | -0.38x | -3.07x | -2.40x | 0.39x | -8.16x |
| R&D as a share of sales | 13.1% | 14.9% | 37.4% | 22.5% | 14.4% | 19.9% |
| Buybacks as a share of market value | 1.9% | -7.7% | -7.6% | 12.0% | 1.7% | 11.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.1% | 6.0% | 2.3% |
| Operating income | — | — | -6.0% |
| Net income | — | — | -19.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.5% | -19.2% | -24.3% | -7.9% |
| Net margin | -8.8% | -37.9% | -38.6% | -21.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 432.3 | -66.8 | -22.1 | -36.9 | 361.5 | -9.8 | -6.7 | -25.5 | 47.2 | 54.4 |
| Price to sales | 16.4 | 19.7 | 26.3 | 19.4 | 15.1 | 8.3 | 9.6 | 6.9 | 12.5 | 18.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Apr 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.10 | 0.025 | 0.05 | 0.025 | 0.063 |
- 2-for-1 split · 14 Apr 2015
- 2-for-1 split · 26 Apr 2013
- 2-for-1 split · 17 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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