T 
4.61
+2.67%
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¥2.57bn
FY2016FY2025
Net income
−CN¥280.3m
FY2016FY2025
Free cash flow
−CN¥179.3m
FY2016FY2025
Shareholders' equity
CN¥3.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.57bn | CN¥3.84bn | CN¥4.52bn | CN¥3.84bn | CN¥2.05bn | CN¥1.69bn | CN¥1.81bn | CN¥1.97bn | CN¥1.98bn | CN¥1.69bn |
| Gross profit | CN¥670.1m | CN¥472.3m | CN¥806.6m | CN¥925.9m | CN¥575.8m | CN¥452.7m | CN¥455.8m | CN¥459.2m | CN¥494.6m | CN¥378.9m |
| Research and development | CN¥15.9m | CN¥20.4m | CN¥22.8m | CN¥25.5m | CN¥27.2m | CN¥38.6m | CN¥38.3m | CN¥42.9m | CN¥36.5m | CN¥17.7m |
| Operating income | CN¥312.2m | CN¥121.5m | CN¥495.6m | CN¥543.1m | CN¥289.9m | CN¥51.3m | CN¥192.4m | CN¥213.4m | CN¥146.6m | CN¥127.8m |
| Net income | −CN¥280.3m | CN¥124.8m | CN¥240.0m | CN¥365.8m | CN¥203.9m | CN¥55.8m | CN¥47.2m | CN¥84.4m | CN¥90.2m | CN¥58.4m |
| Diluted earnings per share | -0.32 | 0.14 | 0.29 | 0.41 | 0.24 | 0.05 | 0.04 | 0.12 | 0.10 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.02bn | CN¥8.27bn | CN¥9.13bn | CN¥9.29bn | CN¥8.28bn | CN¥8.49bn | CN¥7.86bn | CN¥8.13bn | CN¥8.35bn | CN¥7.60bn |
| Cash and short-term investments | — | CN¥1.11bn | CN¥1.53bn | CN¥1.74bn | CN¥924.3m | CN¥1.32bn | CN¥278.8m | CN¥219.1m | CN¥550.7m | CN¥705.6m |
| Total liabilities | CN¥3.85bn | CN¥3.83bn | CN¥4.71bn | CN¥5.12bn | CN¥4.51bn | CN¥4.84bn | CN¥4.33bn | CN¥4.54bn | CN¥4.68bn | CN¥4.03bn |
| Debt | CN¥102.3m | CN¥1.09bn | CN¥1.07bn | CN¥1.39bn | CN¥1.10bn | CN¥1.48bn | CN¥1.54bn | CN¥2.09bn | CN¥1.86bn | CN¥1.46bn |
| Shareholders' equity | CN¥3.93bn | CN¥4.22bn | CN¥4.21bn | CN¥4.01bn | CN¥3.63bn | CN¥3.54bn | CN¥3.40bn | CN¥3.47bn | CN¥3.49bn | CN¥3.33bn |
| Shares outstanding | 865m | 866m | 825m | 900m | 846m | 1,082m | 1,134m | 720m | 939m | 634m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥25.4m | CN¥454.9m | CN¥540.5m | CN¥469.3m | CN¥219.4m | CN¥243.8m | CN¥479.0m | CN¥312.9m | −CN¥59.5m | CN¥143.9m |
| Capital spending | −CN¥204.7m | −CN¥259.0m | −CN¥403.7m | −CN¥313.6m | −CN¥342.2m | −CN¥245.9m | −CN¥161.0m | −CN¥339.5m | −CN¥378.4m | −CN¥304.8m |
| Free cash flow | −CN¥179.3m | CN¥195.9m | CN¥136.8m | CN¥155.8m | −CN¥122.8m | −CN¥2.0m | CN¥318.0m | −CN¥26.6m | −CN¥437.9m | −CN¥160.8m |
| Dividends paid | −CN¥34.8m | −CN¥91.4m | −CN¥73.5m | −CN¥41.3m | −CN¥11.2m | −CN¥10.6m | −CN¥18.6m | −CN¥168.1m | −CN¥96.9m | −CN¥100.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥656.8m | CN¥750.0m | CN¥629.1m | CN¥569.1m | CN¥436.8m | CN¥935.1m | CN¥808.5m | CN¥1.01bn |
| Gross profit | CN¥103.5m | CN¥131.6m | CN¥158.5m | CN¥114.1m | CN¥65.7m | CN¥148.2m | CN¥89.6m | CN¥91.3m |
| Operating income | CN¥64.3m | CN¥90.0m | CN¥106.2m | CN¥51.3m | CN¥20.3m | CN¥89.3m | −CN¥33.6m | CN¥31.2m |
| Net income | CN¥45.3m | CN¥26.7m | −CN¥376.0m | CN¥26.7m | CN¥7.2m | CN¥61.8m | −CN¥6.8m | CN¥30.0m |
| Diluted earnings per share | 0.05 | 0.03 | -0.43 | 0.03 | 0.01 | 0.07 | -0.01 | 0.03 |
| Cash from operations | — | — | — | CN¥96.0m | −CN¥234.0m | CN¥30.0m | — | CN¥275.0m |
| Capital spending | −CN¥78.0m | −CN¥87.0m | −CN¥77.0m | −CN¥58.0m | −CN¥32.0m | −CN¥36.0m | −CN¥61.0m | −CN¥47.0m |
| Free cash flow | — | — | — | CN¥38.0m | −CN¥266.0m | −CN¥6.0m | — | CN¥228.0m |
| Total assets | CN¥7.54bn | CN¥7.89bn | CN¥8.02bn | CN¥8.02bn | CN¥7.95bn | CN¥8.24bn | CN¥8.27bn | CN¥8.60bn |
| Cash and short-term investments | — | — | — | CN¥901.2m | CN¥808.1m | CN¥1.08bn | CN¥1.11bn | CN¥1.19bn |
| Debt | CN¥191.3m | CN¥194.1m | CN¥102.3m | CN¥1.81bn | CN¥1.19bn | CN¥1.19bn | CN¥1.08bn | CN¥1.24bn |
| Shareholders' equity | CN¥3.91bn | CN¥3.93bn | CN¥3.93bn | CN¥4.31bn | CN¥4.29bn | CN¥4.28bn | CN¥4.22bn | CN¥4.17bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.9% | 12.3% | 17.8% | 24.1% | 28.1% | 26.7% |
| Operating margin | -6.8% | 5.2% | 11.4% | 16.3% | 15.6% | 10.9% |
| Net margin | -10.9% | 3.2% | 5.3% | 9.5% | 9.9% | 3.3% |
| Return on equity | -7.1% | 3.0% | 5.7% | 9.1% | 5.6% | 1.6% |
| Return on assets | -3.5% | 1.5% | 2.6% | 3.9% | 2.5% | 0.7% |
| Free cash flow yield | 5.7% | 17.8% | 24.7% | 18.7% | 14.3% | 9.8% |
| Revenue growth | -33.1% | -15.0% | 17.7% | 87.2% | 21.2% | -6.3% |
| Earnings growth | -324.6% | -48.0% | -34.4% | 79.4% | 265.4% | 18.3% |
| Current ratio | 0.59x | 0.69x | 0.83x | 0.81x | 0.75x | 0.96x |
| Debt to equity | 0.03x | 0.26x | 0.25x | 0.29x | 0.25x | 0.33x |
| Equity ratio | 49.1% | 51.0% | 46.1% | 43.2% | 43.9% | 41.7% |
| Interest coverage | -2.75x | 2.47x | 5.64x | 6.53x | 3.77x | 1.37x |
| R&D as a share of sales | 0.6% | 0.5% | 0.5% | 0.7% | 1.3% | 2.3% |
| Buybacks as a share of market value | 0.1% | -4.9% | 8.3% | -6.4% | 21.9% | 4.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.5% | 8.7% | 10.4% |
| Operating income | -16.9% | 43.5% | 10.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.8% | 19.5% | 21.1% | 22.1% |
| Operating margin | 6.8% | 10.0% | 9.8% | 9.7% |
| Net margin | -2.4% | 3.0% | 3.8% | 4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.1 | 40.2 | 27.3 | 29.5 | 46.5 | 93.7 | 97.9 | 31.5 | 68.5 | 102.1 |
| Price to sales | 1.8 | 1.3 | 1.4 | 2.8 | 4.6 | 3.1 | 2.5 | 1.3 | 3.1 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.056 | 0.085 | 0.048 | 0.013 | 0.012 | 0.02 | 0.021 | 0.015 |
- 2-for-1 split · 26 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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