W 
6.94
-1.28%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥2.11bn
FY2016FY2025
Net income
−CN¥373.9m
FY2016FY2025
Free cash flow
CN¥335.0m
FY2016FY2025
Shareholders' equity
CN¥5.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.11bn | CN¥2.78bn | CN¥3.16bn | CN¥3.09bn | CN¥2.75bn | CN¥2.27bn | CN¥1.91bn | CN¥1.44bn | CN¥1.20bn | CN¥954.5m |
| Gross profit | CN¥691.4m | CN¥1.16bn | CN¥1.42bn | CN¥1.35bn | CN¥1.27bn | CN¥1.23bn | CN¥981.2m | CN¥748.2m | CN¥629.1m | CN¥519.0m |
| Research and development | CN¥333.5m | CN¥264.6m | CN¥333.3m | CN¥313.8m | CN¥255.7m | CN¥229.4m | CN¥205.6m | CN¥147.2m | CN¥110.2m | CN¥84.7m |
| Operating income | −CN¥57.0m | CN¥87.2m | CN¥341.4m | CN¥39.5m | CN¥374.7m | CN¥551.7m | CN¥391.3m | CN¥310.3m | CN¥257.4m | CN¥145.2m |
| Net income | −CN¥373.9m | CN¥87.9m | CN¥358.0m | CN¥108.6m | CN¥378.2m | CN¥491.1m | CN¥398.4m | CN¥303.3m | CN¥229.0m | CN¥518.6m |
| Diluted earnings per share | -0.17 | 0.04 | 0.16 | 0.05 | 0.17 | 0.23 | 0.19 | 0.15 | 0.11 | 0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.52bn | CN¥8.76bn | CN¥8.55bn | CN¥7.82bn | CN¥7.50bn | CN¥6.07bn | CN¥5.13bn | CN¥4.31bn | CN¥3.71bn | CN¥3.35bn |
| Cash and short-term investments | — | CN¥1.34bn | CN¥1.11bn | CN¥1.28bn | CN¥1.60bn | CN¥988.8m | CN¥715.1m | CN¥514.7m | CN¥487.2m | CN¥603.9m |
| Total liabilities | CN¥2.93bn | CN¥2.82bn | CN¥2.87bn | CN¥2.69bn | CN¥2.32bn | CN¥1.36bn | CN¥1.21bn | CN¥976.0m | CN¥1.05bn | CN¥940.0m |
| Debt | CN¥1.10bn | CN¥1.11bn | CN¥1.08bn | CN¥1.02bn | CN¥920.4m | CN¥220.0m | CN¥225.5m | CN¥151.1m | CN¥208.2m | CN¥276.5m |
| Shareholders' equity | CN¥5.59bn | CN¥5.96bn | CN¥5.69bn | CN¥5.11bn | CN¥5.10bn | CN¥4.52bn | CN¥3.74bn | CN¥3.19bn | CN¥2.60bn | CN¥2.34bn |
| Shares outstanding | 2,200m | 2,172m | 2,213m | 2,111m | 2,173m | 2,114m | 2,096m | 2,074m | 2,002m | 2,007m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥555.4m | CN¥407.5m | CN¥184.8m | CN¥100.4m | CN¥368.1m | CN¥390.4m | CN¥233.3m | CN¥123.9m | CN¥79.8m | CN¥140.3m |
| Capital spending | −CN¥220.4m | −CN¥305.8m | −CN¥313.3m | −CN¥323.7m | −CN¥286.2m | −CN¥187.0m | −CN¥191.7m | −CN¥167.2m | −CN¥161.7m | −CN¥334.6m |
| Free cash flow | CN¥335.0m | CN¥101.7m | −CN¥128.5m | −CN¥223.3m | CN¥81.8m | CN¥203.4m | CN¥41.6m | −CN¥43.3m | −CN¥81.9m | −CN¥194.2m |
| Dividends paid | −CN¥48.8m | −CN¥54.9m | −CN¥26.2m | −CN¥42.7m | −CN¥53.5m | −CN¥50.9m | −CN¥32.5m | −CN¥34.9m | −CN¥63.5m | −CN¥57.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥597.0m | CN¥397.5m | CN¥810.4m | CN¥456.7m | CN¥494.2m | CN¥345.0m | CN¥868.9m | CN¥689.6m |
| Gross profit | CN¥212.5m | CN¥122.3m | CN¥314.7m | CN¥71.2m | CN¥186.7m | CN¥118.9m | CN¥373.6m | CN¥279.2m |
| Operating income | −CN¥38.2m | −CN¥22.0m | CN¥61.8m | −CN¥154.9m | −CN¥117.2m | CN¥387,319 | −CN¥37.2m | CN¥107.1m |
| Net income | −CN¥190.4m | CN¥14.0m | −CN¥132.5m | −CN¥123.4m | −CN¥123.3m | CN¥5.3m | −CN¥66.7m | CN¥124.5m |
| Diluted earnings per share | -0.09 | 0.01 | -0.06 | -0.06 | -0.06 | 0.00 | -0.03 | 0.06 |
| Cash from operations | — | — | — | −CN¥64.0m | CN¥79.0m | −CN¥24.0m | CN¥511.0m | −CN¥19.0m |
| Capital spending | −CN¥40.0m | −CN¥31.0m | −CN¥50.0m | −CN¥54.0m | −CN¥44.0m | −CN¥70.0m | −CN¥87.0m | −CN¥65.0m |
| Free cash flow | — | — | — | −CN¥118.0m | CN¥35.0m | −CN¥94.0m | CN¥424.0m | −CN¥84.0m |
| Total assets | CN¥8.20bn | CN¥8.30bn | CN¥8.52bn | CN¥8.35bn | CN¥8.54bn | CN¥8.62bn | CN¥8.76bn | CN¥8.57bn |
| Cash and short-term investments | — | — | — | CN¥1.22bn | CN¥1.33bn | CN¥1.34bn | CN¥1.34bn | CN¥760.5m |
| Debt | — | CN¥1.11bn | CN¥1.10bn | CN¥15.0m | CN¥1.09bn | CN¥1.10bn | CN¥1.09bn | CN¥1.06bn |
| Shareholders' equity | CN¥5.48bn | CN¥5.60bn | CN¥5.59bn | CN¥5.74bn | CN¥5.86bn | CN¥6.03bn | CN¥5.96bn | CN¥5.90bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.8% | 41.7% | 45.0% | 43.7% | 46.3% | 54.1% |
| Operating margin | -2.7% | 3.1% | 10.8% | 1.3% | 13.6% | 24.3% |
| Net margin | -17.8% | 3.2% | 11.3% | 3.5% | 13.8% | 21.7% |
| Return on equity | -6.7% | 1.5% | 6.3% | 2.1% | 7.4% | 10.9% |
| Return on assets | -4.4% | 1.0% | 4.2% | 1.4% | 5.0% | 8.1% |
| Free cash flow yield | 5.1% | 4.8% | 3.3% | 2.9% | 4.4% | 4.0% |
| Revenue growth | -24.3% | -12.0% | 2.3% | 12.5% | 21.3% | 18.8% |
| Earnings growth | -525.4% | -75.4% | 229.5% | -71.3% | -23.0% | 23.3% |
| Current ratio | 2.83x | 3.10x | 2.84x | 2.72x | 3.28x | 2.61x |
| Debt to equity | 0.20x | 0.18x | 0.19x | 0.19x | 0.18x | 0.05x |
| Equity ratio | 65.5% | 68.1% | 66.5% | 65.3% | 68.0% | 74.5% |
| Interest coverage | -0.83x | 1.29x | 5.28x | 0.66x | 7.92x | 53.52x |
| R&D as a share of sales | 15.8% | 9.5% | 10.5% | 10.1% | 9.3% | 10.1% |
| Buybacks as a share of market value | -1.3% | 1.8% | -4.8% | 2.9% | -2.8% | -0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.0% | -1.5% | 10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.9% | 41.5% | 44.1% | 46.4% |
| Operating margin | 0.6% | 3.7% | 8.3% | 11.3% |
| Net margin | -5.9% | 1.6% | 6.5% | 11.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -51.9 | 176.9 | 44.4 | 199.8 | 96.3 | 75.3 | 60.6 | 65.5 | 45.1 | 30.7 |
| Price to sales | 9.2 | 5.6 | 5.0 | 7.0 | 13.3 | 16.3 | 12.7 | 13.8 | 8.6 | 16.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 4 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.02 | 0.01 | 0.02 | 0.025 | 0.019 | 0.015 | 0.012 |
- 13-for-10 split · 22 Jun 2020
- 19-for-10 split · 25 May 2017
- 2-for-1 split · 11 Apr 2014
- 2-for-1 split · 31 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.