D 
11.60
+1.84%
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¥1.73bn
FY2016FY2025
Net income
−CN¥17.6m
FY2016FY2025
Free cash flow
−CN¥164.2m
FY2016FY2025
Shareholders' equity
CN¥1.05bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.73bn | CN¥1.65bn | CN¥1.71bn | CN¥1.62bn | CN¥1.07bn | CN¥945.5m | CN¥1.03bn | CN¥985.8m | CN¥810.7m | CN¥563.0m |
| Gross profit | CN¥338.8m | CN¥211.5m | CN¥219.0m | CN¥229.6m | CN¥162.9m | CN¥190.8m | CN¥207.8m | CN¥225.3m | CN¥200.0m | CN¥158.7m |
| Research and development | CN¥75.4m | CN¥88.9m | CN¥92.8m | CN¥88.4m | CN¥82.4m | CN¥70.7m | CN¥57.2m | CN¥49.5m | CN¥40.4m | CN¥40.3m |
| Operating income | CN¥642,443 | −CN¥24.4m | −CN¥44.2m | −CN¥22.4m | −CN¥68.1m | CN¥21.3m | CN¥47.9m | CN¥33.5m | CN¥35.4m | CN¥31.0m |
| Net income | −CN¥17.6m | CN¥1.0m | CN¥3.4m | CN¥3.3m | −CN¥199.5m | CN¥16.2m | CN¥103.1m | CN¥54.2m | CN¥32.8m | CN¥30.7m |
| Diluted earnings per share | -0.03 | 0.00 | 0.00 | 0.01 | -0.27 | 0.02 | 0.15 | 0.08 | 0.05 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.17bn | CN¥2.74bn | CN¥2.82bn | CN¥2.79bn | CN¥2.20bn | CN¥2.09bn | CN¥2.03bn | CN¥2.00bn | CN¥1.48bn | CN¥1.13bn |
| Cash and short-term investments | — | CN¥235.5m | CN¥316.3m | CN¥307.0m | CN¥224.1m | CN¥380.8m | CN¥346.3m | CN¥338.8m | CN¥253.9m | CN¥240.0m |
| Total liabilities | CN¥1.98bn | CN¥1.53bn | CN¥1.59bn | CN¥1.56bn | CN¥953.1m | CN¥631.6m | CN¥568.3m | CN¥638.7m | CN¥651.6m | CN¥360.3m |
| Debt | CN¥291.2m | CN¥571.8m | CN¥696.2m | CN¥661.4m | CN¥464.2m | CN¥262.8m | CN¥244.7m | CN¥251.2m | CN¥334.2m | CN¥182.0m |
| Shareholders' equity | CN¥1.05bn | CN¥1.09bn | CN¥1.09bn | CN¥1.09bn | CN¥1.08bn | CN¥1.29bn | CN¥1.32bn | CN¥1.23bn | CN¥765.8m | CN¥728.9m |
| Shares outstanding | 690m | 690m | 696m | 654m | 740m | 690m | 691m | 678m | 614m | 606m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥55.5m | CN¥238.8m | CN¥236.8m | CN¥167.4m | −CN¥10.5m | CN¥204.6m | CN¥107.7m | −CN¥11.2m | CN¥136.7m | CN¥29.1m |
| Capital spending | −CN¥219.7m | −CN¥177.9m | −CN¥127.5m | −CN¥317.8m | −CN¥286.5m | −CN¥157.1m | −CN¥196.0m | −CN¥177.4m | −CN¥118.4m | −CN¥67.9m |
| Free cash flow | −CN¥164.2m | CN¥60.9m | CN¥109.3m | −CN¥150.4m | −CN¥297.0m | CN¥47.4m | −CN¥88.4m | −CN¥188.6m | CN¥18.3m | −CN¥38.8m |
| Dividends paid | −CN¥27.6m | −CN¥31.5m | −CN¥29.2m | −CN¥25.0m | −CN¥6.9m | −CN¥36.8m | −CN¥23.0m | −CN¥29.4m | −CN¥20.4m | −CN¥28.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥443.9m | CN¥355.1m | CN¥562.5m | CN¥439.4m | CN¥396.8m | CN¥324.9m | CN¥467.9m | CN¥409.0m |
| Gross profit | CN¥29.8m | CN¥34.1m | CN¥56.3m | CN¥80.5m | CN¥26.3m | CN¥38.9m | CN¥61.5m | CN¥66.4m |
| Operating income | −CN¥25.6m | −CN¥14.3m | −CN¥4.4m | CN¥18.7m | −CN¥38.1m | −CN¥9.4m | CN¥12.8m | −CN¥9.2m |
| Net income | −CN¥33.8m | −CN¥19.2m | −CN¥18.0m | CN¥19.0m | −CN¥12.6m | −CN¥6.1m | −CN¥1.4m | CN¥172,076 |
| Diluted earnings per share | -0.05 | -0.03 | -0.03 | 0.03 | -0.02 | -0.01 | -0.00 | 0.00 |
| Cash from operations | — | — | — | −CN¥54.0m | CN¥34.0m | −CN¥27.0m | — | CN¥63.0m |
| Capital spending | −CN¥55.0m | −CN¥91.0m | −CN¥45.0m | −CN¥51.0m | −CN¥39.0m | −CN¥82.0m | −CN¥35.0m | −CN¥48.0m |
| Free cash flow | — | — | — | −CN¥105.0m | −CN¥5.0m | −CN¥109.0m | — | CN¥15.0m |
| Total assets | CN¥3.05bn | CN¥3.09bn | CN¥3.17bn | CN¥2.91bn | CN¥2.85bn | CN¥2.76bn | CN¥2.74bn | CN¥2.63bn |
| Cash and short-term investments | — | — | — | CN¥193.7m | CN¥278.6m | CN¥223.2m | CN¥235.5m | CN¥217.7m |
| Debt | CN¥339.6m | CN¥368.1m | CN¥291.2m | CN¥706.9m | CN¥784.5m | CN¥708.7m | CN¥567.1m | CN¥668.3m |
| Shareholders' equity | CN¥1.03bn | CN¥1.03bn | CN¥1.05bn | CN¥1.10bn | CN¥1.07bn | CN¥1.09bn | CN¥1.09bn | CN¥1.09bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.3% | 12.8% | 12.8% | 14.2% | 15.2% | 20.2% |
| Operating margin | 0.0% | -1.5% | -2.6% | -1.4% | -6.4% | 2.3% |
| Net margin | -1.0% | 0.1% | 0.2% | 0.2% | -18.6% | 1.7% |
| Return on equity | -1.7% | 0.1% | 0.3% | 0.3% | -18.4% | 1.3% |
| Return on assets | -0.6% | 0.0% | 0.1% | 0.1% | -9.1% | 0.8% |
| Free cash flow yield | 3.3% | 5.0% | 4.4% | 6.2% | 3.1% | 4.4% |
| Revenue growth | 4.5% | -3.2% | 5.6% | 51.1% | 13.2% | -7.8% |
| Earnings growth | -1854.1% | -70.5% | 3.6% | -101.6% | -1330.3% | -84.3% |
| Current ratio | 0.92x | 0.99x | 1.04x | 1.19x | 1.35x | 2.25x |
| Debt to equity | 0.28x | 0.52x | 0.63x | 0.52x | 0.36x | 0.18x |
| Equity ratio | 33.1% | 39.8% | 38.7% | 39.0% | 49.3% | 61.8% |
| Interest coverage | 0.02x | -0.83x | -1.30x | -0.90x | -5.77x | 2.20x |
| R&D as a share of sales | 4.4% | 5.4% | 5.4% | 5.5% | 7.7% | 7.5% |
| Buybacks as a share of market value | 0.0% | 0.8% | -6.4% | 11.6% | -7.3% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.2% | 12.8% | 12.0% |
| Operating income | — | -50.3% | -35.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 14.9% | 15.5% | 18.2% |
| Operating margin | -0.7% | -1.3% | -1.6% | 0.5% |
| Net margin | -0.5% | -0.1% | -2.2% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -668.2 | — | — | — | -29.1 | 372.3 | 65.8 | 51.2 | 121.5 | 154.6 |
| Price to sales | 6.8 | 3.1 | 2.8 | 2.4 | 5.4 | 6.4 | 6.6 | 2.8 | 4.9 | 8.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Dec 2024.
| FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.003 | 0.01 | 0.053 | 0.033 | 0.02 | 0.013 | 0.037 | 0.037 |
- 3-for-2 split · 28 May 2020
- 9-for-5 split · 3 May 2016
- 2-for-1 split · 9 Apr 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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