G 
12.90
-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¥1.10bn
FY2016FY2025
Net income
−CN¥69.4m
FY2016FY2025
Free cash flow
−CN¥77.0m
FY2016FY2025
Shareholders' equity
CN¥1.14bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.10bn | CN¥1.06bn | CN¥1.19bn | CN¥1.18bn | CN¥1.09bn | CN¥1.40bn | CN¥826.0m | CN¥813.4m | CN¥711.5m | CN¥594.3m |
| Gross profit | CN¥281.5m | CN¥277.9m | CN¥380.2m | CN¥355.1m | CN¥355.8m | CN¥650.1m | CN¥327.7m | CN¥301.6m | CN¥264.7m | CN¥240.2m |
| Research and development | CN¥69.7m | CN¥76.9m | CN¥85.8m | CN¥87.5m | CN¥74.3m | CN¥57.2m | CN¥45.4m | CN¥42.4m | CN¥37.5m | CN¥34.0m |
| Operating income | — | −CN¥56.8m | −CN¥30.9m | CN¥25.7m | CN¥80.5m | CN¥424.1m | CN¥89.8m | CN¥93.0m | CN¥86.4m | CN¥83.0m |
| Net income | −CN¥69.4m | −CN¥71.4m | −CN¥65.2m | CN¥22.1m | CN¥63.8m | CN¥346.1m | CN¥64.7m | CN¥64.2m | CN¥57.5m | CN¥67.1m |
| Diluted earnings per share | -0.26 | -0.27 | -0.25 | 0.08 | 0.29 | 1.56 | 0.30 | 0.29 | 0.26 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.52bn | CN¥2.50bn | CN¥2.53bn | CN¥2.44bn | CN¥1.72bn | CN¥1.61bn | CN¥961.5m | CN¥918.2m | CN¥800.2m | CN¥686.6m |
| Cash and short-term investments | — | CN¥730.4m | CN¥498.7m | CN¥437.0m | CN¥336.6m | CN¥483.1m | CN¥185.9m | CN¥170.5m | CN¥159.9m | CN¥182.7m |
| Total liabilities | CN¥1.31bn | CN¥1.21bn | CN¥1.15bn | CN¥936.4m | CN¥727.1m | CN¥574.3m | CN¥375.6m | CN¥296.0m | CN¥246.1m | CN¥182.3m |
| Debt | CN¥306.9m | CN¥598.4m | CN¥585.0m | CN¥427.6m | CN¥355.3m | CN¥240.5m | CN¥153.7m | CN¥92.6m | CN¥33.8m | CN¥3.5m |
| Shareholders' equity | CN¥1.14bn | CN¥1.22bn | CN¥1.31bn | CN¥1.42bn | CN¥893.9m | CN¥917.9m | CN¥547.5m | CN¥562.1m | CN¥505.6m | CN¥464.5m |
| Shares outstanding | 269m | 262m | 265m | 269m | 219m | 221m | 219m | 218m | 219m | 219m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥90.4m | −CN¥8.6m | CN¥129.0m | CN¥140.7m | CN¥80.6m | CN¥455.8m | CN¥81.4m | CN¥81.2m | CN¥72.3m | CN¥50.8m |
| Capital spending | −CN¥167.5m | −CN¥103.8m | −CN¥220.3m | −CN¥211.8m | −CN¥163.4m | −CN¥68.4m | −CN¥47.0m | −CN¥99.8m | −CN¥44.7m | −CN¥44.0m |
| Free cash flow | −CN¥77.0m | −CN¥112.4m | −CN¥91.3m | −CN¥71.1m | −CN¥82.8m | CN¥387.3m | CN¥34.4m | −CN¥18.6m | CN¥27.6m | CN¥6.8m |
| Dividends paid | −CN¥30.6m | −CN¥17.6m | −CN¥46.3m | −CN¥35.1m | −CN¥58.4m | −CN¥29.2m | −CN¥14.6m | −CN¥9.9m | −CN¥8.1m | −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¥274.7m | CN¥243.0m | CN¥302.2m | CN¥269.8m | CN¥275.7m | CN¥247.7m | CN¥253.0m | CN¥271.0m |
| Gross profit | CN¥60.5m | CN¥57.9m | CN¥80.7m | CN¥67.8m | CN¥65.1m | CN¥67.9m | CN¥58.4m | CN¥71.0m |
| Operating income | −CN¥13.7m | CN¥3.0m | −CN¥20.8m | −CN¥10.3m | −CN¥10.5m | CN¥6.9m | −CN¥58.6m | −CN¥2.5m |
| Net income | −CN¥27.2m | −CN¥7.3m | −CN¥61.1m | −CN¥9.7m | −CN¥13.1m | CN¥14.4m | −CN¥57.8m | −CN¥11.1m |
| Diluted earnings per share | -0.10 | -0.03 | -0.23 | -0.04 | -0.05 | 0.05 | -0.22 | -0.04 |
| Cash from operations | — | — | — | CN¥62.0m | −CN¥3.0m | CN¥4.0m | — | −CN¥1.0m |
| Capital spending | −CN¥16.0m | −CN¥21.0m | −CN¥30.0m | −CN¥24.0m | −CN¥76.0m | −CN¥35.0m | −CN¥20.0m | −CN¥23.0m |
| Free cash flow | — | — | — | CN¥38.0m | −CN¥79.0m | −CN¥31.0m | — | −CN¥24.0m |
| Total assets | CN¥2.45bn | CN¥2.46bn | CN¥2.52bn | CN¥2.53bn | CN¥2.41bn | CN¥2.38bn | CN¥2.50bn | CN¥2.50bn |
| Cash and short-term investments | — | — | — | CN¥666.8m | CN¥585.9m | CN¥630.3m | CN¥466.4m | CN¥446.6m |
| Debt | CN¥207.4m | CN¥221.6m | CN¥306.9m | CN¥461.4m | CN¥575.1m | CN¥526.0m | CN¥576.2m | CN¥595.6m |
| Shareholders' equity | CN¥1.10bn | CN¥1.13bn | CN¥1.14bn | CN¥1.21bn | CN¥1.22bn | CN¥1.23bn | CN¥1.22bn | CN¥1.28bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 25.7% | 26.2% | 31.8% | 30.0% | 32.6% | 46.6% | — |
| Operating margin | -4.4% | -4.1% | -2.6% | 2.8% | 8.3% | 30.8% | — |
| Net margin | -6.3% | -6.7% | -5.5% | 1.9% | 5.8% | 24.8% | — |
| Return on equity | -6.1% | -5.9% | -5.0% | 1.6% | 7.1% | 37.7% | — |
| Return on assets | -2.8% | -2.9% | -2.6% | 0.9% | 3.7% | 21.5% | — |
| Free cash flow yield | — | -0.3% | — | — | — | — | 1.8% |
| Revenue growth | 3.3% | -11.2% | 0.9% | 8.5% | -21.8% | 69.0% | — |
| Earnings growth | -2.8% | 9.6% | -394.5% | -65.3% | -81.6% | 434.9% | — |
| Current ratio | 1.59x | 1.97x | 1.78x | 2.21x | 1.67x | 2.20x | — |
| Debt to equity | 0.27x | 0.47x | 0.42x | 0.27x | 0.37x | 0.26x | — |
| Equity ratio | 45.1% | 48.8% | 51.7% | 58.1% | 52.0% | 57.1% | — |
| Interest coverage | -1.76x | -1.55x | -2.03x | 2.71x | 7.38x | 33.03x | — |
| R&D as a share of sales | 6.4% | 7.3% | 7.2% | 7.4% | 6.8% | 4.1% | — |
| Buybacks as a share of market value | -2.8% | 1.1% | 1.8% | -22.8% | 1.0% | -1.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.6% | -4.7% | 11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.9% | 28.6% | 32.8% | 34.6% |
| Net margin | -6.5% | -4.1% | 3.2% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -31.4 | -24.1 | -41.8 | 132.4 | 50.1 | 11.1 | 35.0 | 24.9 | 52.4 | 72.5 |
| Price to sales | 2.0 | 1.6 | 2.3 | 2.5 | 2.9 | 2.8 | 2.7 | 2.0 | 4.2 | 8.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 26 Nov 2025.
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.20 | 0.133 | 0.267 | 0.133 | 0.067 | 0.033 | 0.033 |
- 3-for-2 split · 25 May 2023
- 2-for-1 split · 31 May 2013
- 9-for-5 split · 29 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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