J 
3.79
-2.57%
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¥630.8m
FY2016FY2025
Net income
−CN¥183.7m
FY2016FY2025
Free cash flow
−CN¥183.7m
FY2016FY2025
Shareholders' equity
CN¥1.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥630.8m | CN¥489.9m | CN¥853.6m | CN¥505.3m | CN¥579.6m | CN¥800.0m | CN¥841.0m | CN¥1.69bn | CN¥3.44bn | CN¥2.79bn |
| Gross profit | CN¥137.1m | CN¥83.9m | CN¥191.5m | CN¥106.2m | CN¥104.5m | CN¥294.9m | CN¥146.1m | CN¥220.2m | CN¥892.0m | CN¥763.1m |
| Research and development | CN¥11.8m | CN¥20.2m | CN¥17.7m | CN¥12.0m | CN¥13.3m | CN¥15.7m | CN¥33.0m | CN¥54.4m | CN¥36.6m | CN¥29.1m |
| Operating income | −CN¥88.2m | −CN¥257.5m | CN¥60.8m | CN¥98.4m | −CN¥201.0m | CN¥82.9m | −CN¥956.5m | −CN¥1.80bn | CN¥539.1m | CN¥462.2m |
| Net income | −CN¥183.7m | −CN¥277.0m | CN¥15.9m | CN¥91.3m | −CN¥209.8m | CN¥29.9m | −CN¥1.08bn | −CN¥1.99bn | CN¥314.8m | CN¥314.0m |
| Diluted earnings per share | -0.22 | -0.33 | 0.02 | 0.11 | -0.25 | 0.04 | -1.28 | -2.39 | 0.37 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.93bn | CN¥2.86bn | CN¥2.93bn | CN¥2.34bn | CN¥2.90bn | CN¥3.39bn | CN¥4.31bn | CN¥6.87bn | CN¥9.02bn | CN¥9.11bn |
| Cash and short-term investments | — | CN¥527.7m | CN¥182.2m | CN¥441.1m | CN¥139.0m | CN¥53.9m | CN¥133.8m | CN¥325.6m | CN¥900.9m | CN¥1.33bn |
| Total liabilities | CN¥1.56bn | CN¥1.28bn | CN¥1.08bn | CN¥529.7m | CN¥1.19bn | CN¥1.43bn | CN¥2.39bn | CN¥3.86bn | CN¥4.07bn | CN¥4.52bn |
| Debt | CN¥295.5m | CN¥316.0m | CN¥458.4m | CN¥116.6m | CN¥140.3m | CN¥199.6m | CN¥563.9m | CN¥1.58bn | CN¥2.83bn | CN¥2.19bn |
| Shareholders' equity | CN¥1.41bn | CN¥1.60bn | CN¥1.86bn | CN¥1.83bn | CN¥1.74bn | CN¥1.95bn | CN¥1.91bn | CN¥2.99bn | CN¥4.92bn | CN¥4.55bn |
| Shares outstanding | 829m | 831m | 820m | 828m | 825m | 820m | 840m | 832m | 847m | 931m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥7.6m | −CN¥209.5m | −CN¥368.4m | CN¥531.4m | CN¥317.7m | CN¥230.5m | CN¥391.0m | CN¥321.8m | CN¥86.2m | CN¥248.9m |
| Capital spending | −CN¥176.1m | −CN¥49.1m | −CN¥145.9m | −CN¥145.7m | −CN¥288.8m | −CN¥41.1m | −CN¥50.5m | −CN¥229.1m | −CN¥699.3m | −CN¥237.1m |
| Free cash flow | −CN¥183.7m | −CN¥258.6m | −CN¥514.2m | CN¥385.7m | CN¥28.9m | CN¥189.4m | CN¥340.5m | CN¥92.6m | −CN¥613.1m | CN¥11.8m |
| Dividends paid | −CN¥30.7m | −CN¥21.2m | −CN¥12.2m | −CN¥11.8m | −CN¥18.7m | −CN¥50.7m | −CN¥81.0m | −CN¥132.4m | −CN¥232.5m | −CN¥103.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥137.7m | CN¥246.9m | CN¥205.6m | CN¥100.9m | CN¥119.1m | CN¥205.2m | CN¥149.5m | CN¥122.7m |
| Gross profit | CN¥42.8m | CN¥47.3m | CN¥18.1m | CN¥35.4m | CN¥30.5m | CN¥53.1m | −CN¥6.4m | CN¥35.2m |
| Operating income | CN¥12.1m | CN¥12.0m | −CN¥64.2m | −CN¥34.5m | −CN¥25.1m | CN¥8.8m | −CN¥195.1m | −CN¥24.8m |
| Net income | −CN¥12.1m | CN¥2.6m | −CN¥142.6m | −CN¥26.3m | −CN¥17.3m | CN¥2.5m | −CN¥201.7m | −CN¥31.6m |
| Diluted earnings per share | -0.01 | 0.00 | -0.17 | -0.03 | -0.02 | 0.00 | -0.24 | -0.04 |
| Cash from operations | — | — | — | CN¥21.0m | CN¥114.0m | −CN¥88.0m | — | — |
| Capital spending | −CN¥8.0m | −CN¥2.0m | −CN¥16.0m | −CN¥53.0m | −CN¥102.0m | −CN¥4.0m | −CN¥5.0m | −CN¥10.0m |
| Free cash flow | — | — | — | −CN¥32.0m | CN¥12.0m | −CN¥92.0m | — | — |
| Total assets | CN¥2.74bn | CN¥2.85bn | CN¥2.93bn | CN¥2.78bn | CN¥2.79bn | CN¥2.76bn | CN¥2.86bn | CN¥3.15bn |
| Cash and short-term investments | — | — | — | CN¥395.6m | CN¥437.4m | CN¥344.2m | CN¥506.0m | CN¥320.4m |
| Debt | CN¥264.5m | CN¥305.5m | CN¥295.5m | CN¥390.7m | CN¥310.5m | CN¥248.1m | CN¥267.0m | CN¥354.7m |
| Shareholders' equity | CN¥1.42bn | CN¥1.42bn | CN¥1.41bn | CN¥1.56bn | CN¥1.58bn | CN¥1.60bn | CN¥1.60bn | CN¥1.81bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.7% | 17.1% | 22.4% | 21.0% | 18.0% | 36.9% |
| Operating margin | -25.8% | -52.6% | 8.8% | 19.5% | -34.7% | 12.9% |
| Net margin | -29.1% | -56.5% | 1.9% | 18.1% | -36.2% | 3.7% |
| Return on equity | -13.0% | -17.3% | 0.9% | 5.0% | -12.1% | 1.5% |
| Return on assets | -6.3% | -9.7% | 0.5% | 3.9% | -7.2% | 0.9% |
| Free cash flow yield | — | -6.8% | — | — | — | — |
| Revenue growth | 28.8% | -42.6% | 68.9% | -12.8% | -27.5% | -4.9% |
| Earnings growth | -33.7% | -1840.5% | -82.6% | -143.5% | -800.9% | -102.8% |
| Current ratio | 1.53x | 1.83x | 1.75x | 2.31x | 1.29x | 1.09x |
| Debt to equity | 0.21x | 0.17x | 0.17x | 0.08x | 0.05x | 0.10x |
| Equity ratio | 48.3% | 56.0% | 63.3% | 78.2% | 59.8% | 57.4% |
| Interest coverage | -3.59x | -6.13x | 4.93x | 12.62x | -5.98x | 1.54x |
| R&D as a share of sales | 1.9% | 4.1% | 2.1% | 2.4% | 2.3% | 2.0% |
| Buybacks as a share of market value | 0.3% | -1.4% | 1.0% | -0.4% | -0.6% | 2.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.7% | -4.6% | -10.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.7% | 20.9% | 23.8% | 23.5% |
| Operating margin | -30.9% | -7.5% | -7.9% | -13.2% |
| Net margin | -41.1% | -14.3% | -13.8% | -19.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.3 | -11.0 | 262.2 | 43.8 | -29.8 | 230.5 | -3.8 | -2.0 | 42.1 | 61.0 |
| Price to sales | 5.0 | 6.2 | 4.9 | 7.9 | 10.8 | 8.6 | 4.8 | 2.3 | 3.9 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.056 | 0.011 | 0.011 | 0.011 | 0.011 | 0.024 |
- 1.806-for-1 split · 5 Jun 2017
- 3-for-2 split · 16 Oct 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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