Z 
11.70
+1.83%
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¥294.1m
FY2016FY2025
Net income
−CN¥9.0m
FY2016FY2025
Free cash flow
CN¥99.5m
FY2016FY2025
Shareholders' equity
CN¥1.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥294.1m | CN¥448.6m | CN¥615.0m | CN¥703.7m | CN¥781.4m | CN¥441.4m | CN¥685.3m | CN¥289.6m | CN¥353.2m | CN¥362.4m |
| Gross profit | CN¥61.8m | CN¥100.2m | CN¥185.4m | CN¥174.2m | CN¥187.3m | CN¥124.3m | CN¥180.1m | CN¥18.9m | CN¥100.6m | CN¥115.0m |
| Research and development | CN¥11.4m | CN¥13.6m | CN¥26.4m | CN¥29.1m | CN¥22.5m | CN¥19.2m | CN¥22.6m | CN¥18.0m | CN¥23.4m | CN¥24.9m |
| Operating income | −CN¥5.2m | CN¥26.2m | CN¥78.3m | CN¥83.5m | CN¥84.3m | CN¥90.6m | CN¥71.7m | −CN¥83.2m | −CN¥5.7m | CN¥16.8m |
| Net income | −CN¥9.0m | CN¥23.7m | CN¥74.4m | CN¥73.0m | CN¥71.5m | CN¥75.0m | CN¥57.9m | −CN¥71.5m | −CN¥11.1m | CN¥28.5m |
| Diluted earnings per share | -0.02 | 0.06 | 0.16 | 0.16 | 0.14 | 0.15 | 0.12 | -0.14 | -0.02 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.31bn | CN¥1.35bn | CN¥1.45bn | CN¥1.47bn | CN¥1.43bn | CN¥1.36bn | CN¥1.30bn | CN¥1.18bn | CN¥1.21bn | CN¥1.19bn |
| Cash and short-term investments | — | CN¥237.3m | CN¥300.5m | CN¥202.2m | CN¥149.9m | CN¥120.7m | CN¥216.3m | CN¥95.5m | CN¥124.0m | CN¥116.4m |
| Total liabilities | CN¥186.2m | CN¥208.2m | CN¥325.7m | CN¥404.9m | CN¥437.8m | CN¥428.1m | CN¥373.1m | CN¥262.4m | CN¥211.9m | CN¥175.1m |
| Debt | — | CN¥2.8m | CN¥53.9m | CN¥70.1m | CN¥53.7m | CN¥93.7m | CN¥114.1m | CN¥10.0m | CN¥29.7m | CN¥600,000 |
| Shareholders' equity | CN¥1.12bn | CN¥1.14bn | CN¥1.12bn | CN¥1.05bn | CN¥980.6m | CN¥916.5m | CN¥919.5m | CN¥918.6m | CN¥990.3m | CN¥1.00bn |
| Shares outstanding | 505m | 389m | 475m | 456m | 524m | 510m | 501m | 500m | 510m | 528m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥109.2m | CN¥154.3m | CN¥103.4m | CN¥10.9m | CN¥38.4m | CN¥44.4m | −CN¥9.8m | CN¥10.5m | CN¥52.9m | CN¥56.9m |
| Capital spending | −CN¥9.7m | −CN¥18.1m | −CN¥31.7m | −CN¥49.3m | −CN¥46.4m | −CN¥28.5m | −CN¥6.6m | −CN¥32.3m | −CN¥31.1m | −CN¥98.7m |
| Free cash flow | CN¥99.5m | CN¥136.3m | CN¥71.6m | −CN¥38.4m | −CN¥8.0m | CN¥15.9m | −CN¥16.4m | −CN¥21.9m | CN¥21.8m | −CN¥41.8m |
| Dividends paid | −CN¥7.8m | −CN¥16.3m | −CN¥38.6m | −CN¥8.1m | −CN¥7.9m | −CN¥17.2m | −CN¥2.8m | −CN¥56,913 | −CN¥7.9m | −CN¥7.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥50.4m | CN¥48.7m | CN¥108.0m | CN¥72.3m | CN¥61.9m | CN¥52.0m | CN¥147.3m | CN¥90.4m |
| Gross profit | CN¥12.1m | CN¥9.4m | CN¥13.2m | CN¥17.6m | CN¥16.0m | CN¥15.0m | CN¥27.4m | CN¥21.9m |
| Operating income | −CN¥2.0m | −CN¥3.9m | −CN¥9.1m | CN¥9.5m | −CN¥2.4m | CN¥16.7m | −CN¥21.4m | CN¥38.3m |
| Net income | −CN¥5.1m | CN¥3.9m | −CN¥29.6m | CN¥9.0m | −CN¥1.4m | CN¥13.0m | −CN¥15.8m | CN¥31.8m |
| Diluted earnings per share | -0.01 | 0.01 | -0.06 | 0.02 | -0.00 | 0.03 | -0.04 | 0.08 |
| Cash from operations | — | — | — | CN¥63.0m | −CN¥15.0m | CN¥40.0m | — | CN¥26.0m |
| Capital spending | — | — | −CN¥1.0m | −CN¥4.0m | −CN¥2.0m | −CN¥2.0m | −CN¥6.0m | −CN¥7.0m |
| Free cash flow | — | — | — | CN¥59.0m | −CN¥17.0m | CN¥38.0m | — | CN¥19.0m |
| Total assets | CN¥1.31bn | CN¥1.33bn | CN¥1.31bn | CN¥1.37bn | CN¥1.34bn | CN¥1.36bn | CN¥1.35bn | CN¥1.44bn |
| Cash and short-term investments | — | — | — | CN¥277.7m | CN¥224.7m | CN¥265.8m | CN¥237.3m | CN¥186.1m |
| Debt | — | — | — | CN¥46.1m | CN¥43.0m | CN¥40.5m | CN¥1.9m | CN¥42.7m |
| Shareholders' equity | CN¥1.12bn | CN¥1.13bn | CN¥1.12bn | CN¥1.15bn | CN¥1.15bn | CN¥1.15bn | CN¥1.14bn | CN¥1.16bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 21.0% | 22.3% | 30.2% | 24.8% | 24.0% | 28.2% | — |
| Operating margin | -2.4% | 6.2% | 13.1% | 12.3% | 11.2% | 21.1% | — |
| Net margin | -3.1% | 5.3% | 12.1% | 10.4% | 9.1% | 17.0% | — |
| Return on equity | -0.8% | 2.1% | 6.6% | 6.9% | 7.3% | 8.2% | — |
| Return on assets | -0.7% | 1.8% | 5.1% | 5.0% | 5.0% | 5.5% | — |
| Free cash flow yield | 2.2% | 4.1% | 2.6% | 1.2% | 1.5% | 1.3% | — |
| Revenue growth | -34.4% | -27.1% | -12.6% | -9.9% | 77.0% | -35.6% | — |
| Earnings growth | -138.0% | -68.1% | 1.9% | 2.2% | -4.7% | 29.6% | — |
| Current ratio | 4.60x | 3.96x | 3.36x | 2.70x | 2.34x | 2.61x | — |
| Debt to equity | — | 0.00x | 0.04x | 0.06x | 0.04x | -0.02x | 0.12x |
| Equity ratio | 85.8% | 84.6% | 77.1% | 71.9% | 68.6% | 67.6% | — |
| Interest coverage | -8.66x | 12.97x | 26.39x | 32.52x | 20.56x | 20.72x | — |
| R&D as a share of sales | 3.9% | 3.0% | 4.3% | 4.1% | 2.9% | 4.3% | — |
| Buybacks as a share of market value | -29.9% | 18.1% | -4.1% | 12.9% | -2.7% | -1.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.2% | -7.8% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.8% | 25.3% | 25.4% | 26.3% |
| Operating margin | 2.8% | 8.9% | 10.9% | 7.8% |
| Net margin | 2.0% | 7.9% | 9.4% | 7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -307.8 | 76.5 | 33.3 | 31.4 | 61.0 | 42.6 | 53.8 | -21.9 | -231.2 | 307.2 |
| Price to sales | 9.4 | 4.0 | 4.0 | 3.3 | 5.6 | 7.2 | 4.5 | 5.4 | 7.3 | 24.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 5 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.014 | 0.03 | 0.074 | 0.016 | 0.016 | 0.035 | 0.006 | 0.013 |
- 1.813-for-1 split · 21 Apr 2020
- 11-for-5 split · 20 Aug 2014
- 3-for-2 split · 28 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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