H 
3.64
+1.39%
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¥2.89bn
FY2016FY2025
Net income
−CN¥60.4m
FY2016FY2025
Free cash flow
CN¥330.6m
FY2016FY2025
Shareholders' equity
CN¥1.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.89bn | CN¥2.60bn | CN¥2.86bn | CN¥3.58bn | CN¥2.15bn | CN¥1.60bn | CN¥1.58bn | CN¥2.73bn | CN¥2.97bn | CN¥2.26bn |
| Gross profit | CN¥317.5m | CN¥327.8m | CN¥310.5m | CN¥375.0m | CN¥123.6m | CN¥131.3m | −CN¥75.3m | CN¥526.9m | CN¥512.2m | CN¥444.1m |
| Research and development | CN¥45.2m | CN¥35.2m | CN¥35.6m | CN¥39.1m | CN¥28.8m | CN¥70.2m | CN¥61.4m | CN¥50.9m | CN¥59.8m | CN¥59.5m |
| Operating income | CN¥32.5m | CN¥42.4m | CN¥84.2m | CN¥137.3m | CN¥96.3m | −CN¥175.7m | −CN¥983.4m | CN¥112.2m | CN¥111.1m | CN¥169.3m |
| Net income | −CN¥60.4m | CN¥77.6m | CN¥77.5m | CN¥106.3m | CN¥34.3m | −CN¥585.2m | −CN¥1.54bn | CN¥24.2m | CN¥61.0m | CN¥116.5m |
| Diluted earnings per share | -0.04 | 0.05 | 0.05 | 0.06 | 0.02 | -0.56 | -1.45 | 0.02 | 0.04 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.78bn | CN¥3.13bn | CN¥3.26bn | CN¥2.84bn | CN¥3.13bn | CN¥2.67bn | CN¥3.03bn | CN¥4.55bn | CN¥4.58bn | CN¥4.38bn |
| Cash and short-term investments | — | CN¥257.0m | CN¥697.9m | CN¥606.1m | CN¥781.1m | CN¥513.9m | CN¥203.7m | CN¥309.4m | CN¥508.5m | CN¥515.7m |
| Total liabilities | CN¥2.09bn | CN¥1.33bn | CN¥1.54bn | CN¥1.20bn | CN¥1.52bn | CN¥2.98bn | CN¥2.74bn | CN¥2.83bn | CN¥2.94bn | CN¥2.80bn |
| Debt | — | CN¥86.1m | CN¥78.7m | CN¥3.2m | CN¥5.5m | CN¥961.7m | CN¥1.05bn | CN¥1.04bn | CN¥1.36bn | CN¥1.07bn |
| Shareholders' equity | CN¥1.69bn | CN¥1.80bn | CN¥1.72bn | CN¥1.63bn | CN¥1.62bn | −CN¥312.9m | CN¥293.5m | CN¥1.70bn | CN¥1.62bn | CN¥1.56bn |
| Shares outstanding | 1,416m | 1,553m | 1,422m | 1,796m | 1,422m | 1,048m | 1,059m | 1,192m | 1,572m | 1,363m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥355.8m | −CN¥455.9m | −CN¥56.8m | −CN¥89.8m | −CN¥37.5m | CN¥186.4m | −CN¥17.8m | CN¥101.8m | CN¥32.4m | −CN¥86.0m |
| Capital spending | −CN¥25.1m | −CN¥18.8m | −CN¥16.9m | −CN¥16.8m | −CN¥4.2m | −CN¥4.6m | −CN¥6.3m | −CN¥33.9m | −CN¥96.6m | −CN¥100.0m |
| Free cash flow | CN¥330.6m | −CN¥474.7m | −CN¥73.7m | −CN¥106.6m | −CN¥41.8m | CN¥181.8m | −CN¥24.0m | CN¥67.8m | −CN¥64.3m | −CN¥186.0m |
| Dividends paid | −CN¥3.0m | −CN¥1.6m | −CN¥1.5m | −CN¥401,800 | −CN¥14.3m | −CN¥73.4m | −CN¥96.1m | −CN¥78.5m | −CN¥83.6m | −CN¥46.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥572.1m | CN¥677.1m | CN¥1.11bn | CN¥779.6m | CN¥629.7m | CN¥369.5m | CN¥571.4m | CN¥644.8m |
| Gross profit | CN¥60.3m | CN¥79.3m | CN¥81.4m | CN¥96.9m | CN¥78.5m | CN¥60.6m | CN¥55.0m | CN¥82.2m |
| Operating income | −CN¥7.2m | CN¥2.8m | CN¥453,087 | CN¥12.3m | −CN¥3.5m | CN¥5.9m | −CN¥23.5m | CN¥13.5m |
| Net income | −CN¥20.8m | CN¥1.6m | −CN¥72.3m | CN¥9.3m | −CN¥1.1m | CN¥3.7m | CN¥47,161 | CN¥3.7m |
| Diluted earnings per share | -0.01 | 0.00 | -0.05 | 0.01 | -0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | — | CN¥58.0m | CN¥85.0m | CN¥70.0m | — | — |
| Capital spending | −CN¥39.0m | −CN¥3.0m | −CN¥23.0m | — | — | — | −CN¥17.0m | — |
| Total assets | CN¥3.27bn | CN¥3.50bn | CN¥3.78bn | CN¥3.77bn | CN¥3.49bn | CN¥3.26bn | CN¥3.13bn | CN¥2.82bn |
| Cash and short-term investments | — | — | — | CN¥499.6m | CN¥457.2m | CN¥361.2m | CN¥257.0m | CN¥217.8m |
| Debt | — | — | — | CN¥305.6m | CN¥119.5m | CN¥103.0m | CN¥81.1m | CN¥35.0m |
| Shareholders' equity | CN¥1.64bn | CN¥1.67bn | CN¥1.69bn | CN¥1.77bn | CN¥1.77bn | CN¥1.80bn | CN¥1.80bn | CN¥1.79bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 11.0% | 12.6% | 10.9% | 10.5% | 5.7% | 8.2% | — | — |
| Operating margin | -0.8% | 0.8% | 1.5% | 2.6% | -7.1% | -11.0% | — | — |
| Net margin | -2.1% | 3.0% | 2.7% | 3.0% | 1.6% | -36.6% | — | — |
| Return on equity | -3.6% | 4.3% | 4.5% | 6.5% | 2.1% | 187.1% | — | — |
| Return on assets | -1.6% | 2.5% | 2.4% | 3.7% | 1.1% | -21.9% | — | — |
| Free cash flow yield | 7.8% | -8.1% | -0.8% | -1.2% | -0.7% | 5.3% | — | — |
| Revenue growth | 11.2% | -9.1% | -20.2% | 66.3% | 34.7% | 1.1% | — | — |
| Earnings growth | -177.8% | 0.1% | -27.0% | 209.7% | -105.9% | -61.9% | — | — |
| Current ratio | 1.43x | 1.77x | 1.63x | 1.69x | 1.44x | 0.77x | — | — |
| Debt to equity | — | 0.05x | 0.04x | — | 0.00x | -3.07x | 3.59x | 0.62x |
| Equity ratio | 44.6% | 57.4% | 52.7% | 57.6% | 51.5% | -11.7% | — | — |
| Interest coverage | -7.05x | 6.90x | 17.39x | 24.13x | -0.82x | -1.48x | — | — |
| R&D as a share of sales | 1.6% | 1.4% | 1.2% | 1.1% | 1.3% | 4.4% | — | — |
| Buybacks as a share of market value | 8.8% | -9.2% | 20.8% | -26.3% | -35.7% | 1.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.9% | 12.6% | 5.2% |
| Operating income | -38.1% | — | -11.7% |
| Net income | — | -36.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.7% | 11.2% | 10.1% | 12.3% |
| Operating margin | 1.4% | 2.5% | 1.4% | -1.0% |
| Net margin | 0.3% | 1.7% | -2.2% | -5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -143.1 | 117.0 | 70.0 | 67.6 | 164.9 | -8.3 | -3.0 | 280.8 | 441.2 | 261.5 |
| Price to sales | 3.0 | 3.5 | 1.9 | 2.0 | 2.6 | 3.0 | 2.9 | 2.5 | 9.1 | 13.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2017.
| FY2017 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|
| Paid in the year | 0.022 | 0.005 | 0.01 | 0.05 |
- 2-for-1 split · 11 Mar 2015
- 2-for-1 split · 13 Jul 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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