B 
9.97
-0.60%
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¥7.18bn
FY2016FY2025
Net income
−CN¥759.2m
FY2016FY2025
Free cash flow
−CN¥822.3m
FY2016FY2025
Shareholders' equity
CN¥11.82bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.18bn | CN¥7.28bn | CN¥7.86bn | CN¥7.19bn | CN¥7.70bn | CN¥7.48bn | CN¥7.10bn | CN¥6.02bn | CN¥4.08bn | CN¥2.32bn |
| Research and development | CN¥280.3m | CN¥293.2m | CN¥255.0m | CN¥271.7m | CN¥260.8m | CN¥217.8m | CN¥236.9m | CN¥183.3m | CN¥112.0m | CN¥111.8m |
| Operating income | CN¥338.4m | CN¥548.9m | CN¥491.5m | −CN¥809.0m | CN¥953.3m | CN¥1.13bn | CN¥1.03bn | CN¥905.3m | CN¥572.0m | CN¥404.8m |
| Net income | −CN¥759.2m | CN¥381.4m | CN¥388.0m | −CN¥879.9m | CN¥836.3m | CN¥912.9m | CN¥824.6m | CN¥667.5m | CN¥435.9m | CN¥335.2m |
| Diluted earnings per share | -0.49 | 0.21 | 0.22 | -0.49 | 0.55 | 0.59 | 0.54 | 0.45 | 0.32 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥20.34bn | CN¥19.61bn | CN¥18.87bn | CN¥19.31bn | CN¥19.43bn | CN¥13.59bn | CN¥12.23bn | CN¥11.39bn | CN¥10.61bn | CN¥8.92bn |
| Cash and short-term investments | — | CN¥1.50bn | CN¥2.69bn | CN¥3.38bn | CN¥4.17bn | CN¥1.30bn | CN¥816.6m | CN¥982.2m | CN¥1.43bn | CN¥1.80bn |
| Total liabilities | CN¥7.96bn | CN¥6.39bn | CN¥5.82bn | CN¥6.66bn | CN¥5.81bn | CN¥4.34bn | CN¥3.89bn | CN¥3.88bn | CN¥3.79bn | CN¥2.47bn |
| Debt | CN¥3.58bn | CN¥3.80bn | CN¥3.24bn | CN¥4.02bn | CN¥3.51bn | CN¥2.52bn | CN¥1.81bn | CN¥1.63bn | CN¥1.62bn | CN¥1.45bn |
| Shareholders' equity | CN¥11.82bn | CN¥12.68bn | CN¥12.50bn | CN¥12.11bn | CN¥13.02bn | CN¥9.24bn | CN¥8.35bn | CN¥7.50bn | CN¥6.43bn | CN¥6.06bn |
| Shares outstanding | 1,551m | 1,849m | 1,740m | 1,796m | 1,531m | 1,541m | 1,523m | 1,484m | 1,378m | 1,384m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.62bn | CN¥1.31bn | CN¥1.63bn | CN¥1.47bn | CN¥1.44bn | CN¥1.45bn | CN¥603.0m | CN¥586.9m | CN¥405.7m | CN¥479.5m |
| Capital spending | −CN¥2.44bn | −CN¥2.37bn | −CN¥1.25bn | −CN¥1.71bn | −CN¥2.46bn | −CN¥1.12bn | −CN¥690.1m | −CN¥946.1m | −CN¥816.4m | −CN¥678.2m |
| Free cash flow | −CN¥822.3m | −CN¥1.06bn | CN¥378.4m | −CN¥237.5m | −CN¥1.02bn | CN¥328.7m | −CN¥87.1m | −CN¥359.2m | −CN¥410.7m | −CN¥198.7m |
| Dividends paid | −CN¥262.5m | −CN¥295.4m | −CN¥191.5m | −CN¥194.2m | −CN¥38.6m | −CN¥30.9m | −CN¥124.7m | −CN¥111.6m | −CN¥149.4m | −CN¥84.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.70bn | CN¥1.63bn | CN¥1.70bn | CN¥1.76bn | CN¥1.88bn | CN¥1.83bn | CN¥1.46bn | CN¥1.91bn |
| Operating income | CN¥66.6m | CN¥70.4m | −CN¥8.9m | CN¥59.4m | CN¥80.9m | CN¥128.1m | CN¥61.6m | CN¥109.0m |
| Net income | CN¥38.4m | CN¥22.5m | −CN¥902.8m | CN¥28.6m | CN¥45.9m | CN¥69.2m | CN¥20.3m | CN¥93.5m |
| Diluted earnings per share | 0.02 | 0.01 | -0.58 | 0.02 | 0.03 | 0.04 | 0.01 | 0.05 |
| Cash from operations | — | — | — | CN¥435.0m | CN¥143.0m | CN¥457.0m | CN¥300.0m | −CN¥162.0m |
| Capital spending | −CN¥181.0m | −CN¥481.0m | −CN¥611.0m | −CN¥517.0m | −CN¥498.0m | −CN¥813.0m | −CN¥802.0m | −CN¥814.0m |
| Free cash flow | — | — | — | −CN¥82.0m | −CN¥355.0m | −CN¥356.0m | −CN¥502.0m | −CN¥976.0m |
| Total assets | CN¥19.99bn | CN¥20.50bn | CN¥20.34bn | CN¥21.45bn | CN¥21.05bn | CN¥21.06bn | CN¥19.61bn | CN¥19.17bn |
| Cash and short-term investments | — | — | — | CN¥2.37bn | CN¥2.21bn | CN¥2.45bn | CN¥1.50bn | CN¥1.61bn |
| Debt | CN¥3.66bn | CN¥3.85bn | CN¥3.58bn | CN¥2.15bn | CN¥5.14bn | CN¥4.89bn | CN¥3.59bn | CN¥3.24bn |
| Shareholders' equity | CN¥11.85bn | CN¥11.84bn | CN¥11.82bn | CN¥12.72bn | CN¥12.69bn | CN¥12.75bn | CN¥12.68bn | CN¥12.68bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.7% | 7.5% | 6.3% | -11.3% | 12.4% | 15.2% |
| Net margin | -10.6% | 5.2% | 4.9% | -12.2% | 10.9% | 12.2% |
| Return on equity | -6.4% | 3.0% | 3.1% | -7.3% | 6.4% | 9.9% |
| Return on assets | -3.7% | 1.9% | 2.1% | -4.6% | 4.3% | 6.7% |
| Free cash flow yield | 23.2% | 17.6% | 14.6% | 15.7% | 22.6% | 14.8% |
| Revenue growth | -1.4% | -7.3% | 9.2% | -6.6% | 3.0% | 5.3% |
| Earnings growth | -299.0% | -1.7% | -144.1% | -205.2% | -8.4% | 10.7% |
| Current ratio | 1.31x | 1.22x | 1.79x | 2.64x | 2.31x | 1.72x |
| Debt to equity | 0.30x | 0.28x | 0.24x | 0.31x | 0.27x | 0.26x |
| Equity ratio | 58.1% | 64.7% | 66.2% | 62.7% | 67.0% | 68.0% |
| Interest coverage | 2.25x | 5.06x | 2.60x | -4.31x | 9.08x | 10.28x |
| R&D as a share of sales | 3.9% | 4.0% | 3.2% | 3.8% | 3.4% | 2.9% |
| Buybacks as a share of market value | 16.1% | -6.3% | 3.1% | -17.3% | 0.6% | -1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.1% | -0.8% | 28.4% |
| Operating income | — | -21.5% | 11.9% |
| Net income | -4.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.1% | 1.9% | 5.9% | 8.8% |
| Net margin | -2.6% | -2.9% | 2.0% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.6 | 70.7 | 43.6 | -16.6 | 27.2 | 29.0 | 37.1 | 28.2 | 41.7 | 51.5 |
| Price to sales | 2.7 | 3.7 | 2.1 | 2.0 | 3.0 | 3.5 | 4.3 | 3.1 | 4.5 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.06 | 0.10 | 0.02 | 0.025 | 0.02 | 0.02 | 0.02 |
- 2-for-1 split · 28 Apr 2017
- 5-for-2 split · 22 May 2015
- 2-for-1 split · 21 Apr 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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