D 
7.19
-1.51%
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¥807.1m
FY2016FY2025
Net income
−CN¥246.0m
FY2016FY2025
Free cash flow
CN¥16.1m
FY2016FY2025
Shareholders' equity
CN¥1.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥807.1m | CN¥1.22bn | CN¥1.38bn | CN¥1.22bn | CN¥905.8m | CN¥937.2m | CN¥1.01bn | CN¥933.4m | CN¥867.7m | CN¥758.7m |
| Gross profit | CN¥327.4m | CN¥530.3m | CN¥684.0m | CN¥621.5m | CN¥470.1m | CN¥517.2m | CN¥641.0m | CN¥600.3m | CN¥553.2m | CN¥472.7m |
| Research and development | CN¥121.8m | CN¥130.4m | CN¥128.6m | CN¥114.8m | CN¥95.0m | CN¥96.0m | CN¥107.5m | CN¥102.3m | CN¥83.8m | CN¥73.5m |
| Operating income | −CN¥87.4m | CN¥143.6m | CN¥296.9m | CN¥292.2m | CN¥230.1m | CN¥309.5m | CN¥303.3m | CN¥269.5m | CN¥234.5m | CN¥160.1m |
| Net income | −CN¥246.0m | CN¥141.9m | CN¥275.6m | CN¥261.8m | CN¥209.9m | CN¥267.1m | CN¥231.9m | CN¥197.7m | CN¥167.4m | CN¥125.1m |
| Diluted earnings per share | -0.90 | 0.52 | 1.00 | 0.92 | 0.76 | 0.96 | 0.85 | 0.72 | 0.62 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.77bn | CN¥3.11bn | CN¥3.32bn | CN¥2.93bn | CN¥2.38bn | CN¥2.02bn | CN¥2.06bn | CN¥1.99bn | CN¥1.85bn | CN¥1.86bn |
| Cash and short-term investments | — | CN¥586.7m | CN¥845.9m | CN¥1.01bn | CN¥882.1m | CN¥687.5m | CN¥535.8m | CN¥382.0m | CN¥193.5m | CN¥230.3m |
| Total liabilities | CN¥1.24bn | CN¥1.06bn | CN¥1.28bn | CN¥1.01bn | CN¥499.3m | CN¥368.9m | CN¥327.5m | CN¥426.6m | CN¥436.7m | CN¥482.3m |
| Debt | CN¥243.5m | CN¥493.3m | CN¥273.8m | CN¥354.9m | CN¥154.5m | CN¥150.0m | CN¥70.1m | CN¥100.0m | CN¥86.0m | CN¥254.5m |
| Shareholders' equity | CN¥1.54bn | CN¥2.05bn | CN¥2.04bn | CN¥1.92bn | CN¥1.88bn | CN¥1.65bn | CN¥1.52bn | CN¥1.38bn | CN¥1.24bn | CN¥1.09bn |
| Shares outstanding | 272m | 274m | 274m | 285m | 278m | 279m | 274m | 276m | 270m | 270m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥38.8m | −CN¥294.8m | CN¥224.5m | CN¥40.9m | CN¥167.4m | CN¥235.6m | CN¥291.1m | CN¥236.3m | CN¥231.0m | CN¥213.7m |
| Capital spending | −CN¥22.7m | −CN¥20.7m | −CN¥32.7m | −CN¥10.0m | −CN¥16.1m | −CN¥7.9m | −CN¥17.8m | −CN¥19.9m | −CN¥48.7m | −CN¥56.8m |
| Free cash flow | CN¥16.1m | −CN¥315.5m | CN¥191.8m | CN¥30.9m | CN¥151.3m | CN¥227.8m | CN¥273.3m | CN¥216.4m | CN¥182.2m | CN¥156.9m |
| Dividends paid | −CN¥82.0m | −CN¥146.3m | −CN¥140.5m | −CN¥103.1m | −CN¥135.1m | −CN¥137.1m | −CN¥76.8m | −CN¥59.3m | −CN¥36.5m | −CN¥41.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥230.7m | CN¥177.8m | CN¥338.3m | CN¥118.1m | CN¥168.3m | CN¥182.4m | CN¥42.4m | CN¥297.2m |
| Gross profit | CN¥106.0m | CN¥79.2m | CN¥170.9m | CN¥32.9m | CN¥45.7m | CN¥78.0m | CN¥20.1m | CN¥132.2m |
| Operating income | CN¥21.3m | CN¥3.8m | CN¥25.1m | −CN¥63.0m | −CN¥44.5m | CN¥14.0m | −CN¥70.5m | CN¥33.8m |
| Net income | CN¥8.7m | −CN¥1.1m | −CN¥158.7m | −CN¥58.9m | −CN¥44.0m | CN¥15.7m | −CN¥50.7m | CN¥27.3m |
| Diluted earnings per share | 0.03 | -0.00 | -0.58 | -0.22 | -0.16 | 0.06 | -0.19 | 0.10 |
| Cash from operations | — | — | — | −CN¥49.0m | CN¥33.0m | −CN¥41.0m | — | −CN¥11.0m |
| Capital spending | −CN¥5.0m | — | −CN¥13.0m | −CN¥3.0m | −CN¥3.0m | −CN¥2.0m | −CN¥6.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥52.0m | CN¥30.0m | −CN¥43.0m | — | −CN¥14.0m |
| Total assets | CN¥2.57bn | CN¥2.62bn | CN¥2.77bn | CN¥2.78bn | CN¥2.96bn | CN¥2.90bn | CN¥3.11bn | CN¥3.07bn |
| Cash and short-term investments | — | — | — | CN¥512.2m | CN¥568.7m | CN¥393.3m | CN¥586.7m | CN¥491.0m |
| Debt | CN¥81.4m | CN¥44.6m | CN¥243.5m | CN¥303.1m | CN¥543.3m | CN¥344.6m | CN¥493.3m | CN¥385.1m |
| Shareholders' equity | CN¥1.55bn | CN¥1.53bn | CN¥1.54bn | CN¥1.90bn | CN¥1.96bn | CN¥2.07bn | CN¥2.05bn | CN¥2.10bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 40.6% | 43.5% | 49.6% | 50.9% | 51.9% | 55.2% |
| Operating margin | -32.9% | 12.8% | 22.3% | 24.4% | 25.9% | 33.7% |
| Net margin | -30.5% | 11.7% | 20.0% | 21.5% | 23.2% | 28.5% |
| Return on equity | -16.0% | 6.9% | 13.5% | 13.6% | 11.2% | 16.1% |
| Return on assets | -8.9% | 4.6% | 8.3% | 9.0% | 8.8% | 13.2% |
| Free cash flow yield | 3.1% | -13.8% | 12.9% | 2.5% | 9.1% | 12.0% |
| Revenue growth | -33.7% | -11.6% | 13.0% | 34.7% | -3.4% | -7.1% |
| Earnings growth | -273.3% | -48.5% | 5.3% | 24.7% | -21.4% | 15.2% |
| Current ratio | 1.80x | 2.64x | 1.66x | 2.02x | 2.95x | 3.53x |
| Debt to equity | 0.16x | 0.24x | 0.13x | 0.18x | 0.08x | 0.09x |
| Equity ratio | 55.4% | 65.9% | 61.4% | 65.6% | 79.0% | 81.8% |
| Interest coverage | -8.05x | 15.87x | 27.99x | 46.02x | 45.96x | 101.87x |
| R&D as a share of sales | 15.1% | 10.7% | 9.3% | 9.4% | 10.5% | 10.2% |
| Buybacks as a share of market value | 0.4% | 0.3% | 3.7% | -2.5% | 0.3% | -1.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.9% | -2.9% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.4% | 46.8% | 48.7% | 54.2% |
| Operating margin | 2.8% | 14.0% | 18.3% | 21.4% |
| Net margin | -5.1% | 9.4% | 14.1% | 16.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.3 | 31.5 | 29.3 | 26.8 | 23.7 | 24.5 | 20.0 | 16.6 | 39.0 | 45.4 |
| Price to sales | 4.4 | 3.7 | 5.9 | 5.8 | 5.5 | 7.0 | 4.6 | 3.5 | 7.5 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 20 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.26 | 0.50 | 0.48 | 0.38 | 0.49 | 0.50 | 0.28 | 0.139 |
- 9-for-5 split · 23 May 2018
- 5-for-2 split · 23 Apr 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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