5.32
-1.48%
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¥2.68bn
FY2016FY2025
Net income
−CN¥190.7m
FY2016FY2025
Free cash flow
−CN¥86.7m
FY2016FY2025
Shareholders' equity
CN¥1.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.68bn | CN¥2.42bn | CN¥2.39bn | CN¥2.97bn | CN¥2.19bn | CN¥1.86bn | CN¥1.57bn | CN¥1.65bn | CN¥1.30bn | CN¥898.5m |
| Gross profit | CN¥435.7m | CN¥275.5m | CN¥469.2m | CN¥722.2m | CN¥458.1m | CN¥413.3m | CN¥356.1m | CN¥385.5m | CN¥260.4m | CN¥178.9m |
| Research and development | CN¥95.2m | CN¥81.8m | CN¥68.0m | CN¥70.3m | CN¥57.4m | CN¥59.3m | CN¥44.2m | CN¥34.7m | CN¥42.8m | CN¥26.5m |
| Operating income | −CN¥156.9m | CN¥29.7m | CN¥215.1m | CN¥490.5m | CN¥242.1m | CN¥224.9m | CN¥180.0m | CN¥248.7m | CN¥142.0m | CN¥98.5m |
| Net income | −CN¥190.7m | CN¥11.7m | CN¥191.6m | CN¥420.0m | CN¥213.6m | CN¥196.2m | CN¥149.8m | CN¥209.2m | CN¥117.3m | CN¥77.2m |
| Diluted earnings per share | -0.38 | 0.05 | 0.39 | 0.91 | 0.45 | 0.42 | 0.33 | 0.46 | 0.27 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.76bn | CN¥4.41bn | CN¥3.86bn | CN¥4.04bn | CN¥3.15bn | CN¥2.54bn | CN¥2.24bn | CN¥2.24bn | CN¥1.72bn | CN¥1.44bn |
| Cash and short-term investments | — | CN¥496.6m | CN¥470.0m | CN¥527.7m | CN¥449.0m | CN¥778.4m | CN¥496.7m | CN¥543.1m | CN¥573.6m | CN¥534.7m |
| Total liabilities | CN¥2.74bn | CN¥2.19bn | CN¥1.59bn | CN¥1.98bn | CN¥1.49bn | CN¥1.08bn | CN¥950.2m | CN¥1.03bn | CN¥713.1m | CN¥531.8m |
| Debt | CN¥654.4m | CN¥1.17bn | CN¥966.1m | CN¥885.4m | CN¥632.6m | CN¥537.5m | CN¥466.8m | CN¥501.6m | CN¥291.4m | CN¥178.7m |
| Shareholders' equity | CN¥1.93bn | CN¥2.12bn | CN¥2.16bn | CN¥2.05bn | CN¥1.66bn | CN¥1.46bn | CN¥1.28bn | CN¥1.20bn | CN¥1.01bn | CN¥906.1m |
| Shares outstanding | 501m | 237m | 486m | 463m | 470m | 465m | 452m | 450m | 440m | 341m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥121.6m | CN¥235.1m | CN¥403.3m | CN¥515.7m | CN¥140.6m | CN¥320.0m | CN¥255.0m | CN¥280.2m | CN¥160.4m | CN¥104.5m |
| Capital spending | −CN¥208.4m | −CN¥372.2m | −CN¥349.7m | −CN¥509.0m | −CN¥455.4m | −CN¥207.4m | −CN¥154.5m | −CN¥451.7m | −CN¥195.8m | −CN¥80.2m |
| Free cash flow | −CN¥86.7m | −CN¥137.0m | CN¥53.6m | CN¥6.7m | −CN¥314.8m | CN¥112.6m | CN¥100.4m | −CN¥171.5m | −CN¥35.4m | CN¥24.3m |
| Dividends paid | −CN¥69.6m | −CN¥93.3m | −CN¥147.6m | −CN¥62.0m | −CN¥55.2m | −CN¥39.6m | −CN¥58.7m | −CN¥48.9m | −CN¥23.5m | −CN¥18.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥897.5m | CN¥648.4m | CN¥806.7m | CN¥541.1m | CN¥801.6m | CN¥529.3m | CN¥643.1m | CN¥575.6m |
| Gross profit | CN¥157.1m | CN¥86.6m | CN¥14.7m | CN¥38.6m | CN¥60.6m | CN¥56.2m | −CN¥1.8m | CN¥86.7m |
| Operating income | CN¥85.0m | CN¥25.0m | −CN¥20.4m | −CN¥84.2m | −CN¥7.0m | −CN¥32.4m | −CN¥14.5m | −CN¥24.9m |
| Net income | CN¥48.7m | CN¥672,844 | −CN¥52.2m | −CN¥77.9m | −CN¥26.4m | −CN¥34.1m | −CN¥14.8m | −CN¥16.4m |
| Diluted earnings per share | 0.10 | 0.00 | -0.10 | -0.16 | -0.05 | -0.07 | -0.06 | -0.07 |
| Cash from operations | — | — | — | CN¥150.0m | −CN¥138.0m | −CN¥46.0m | — | CN¥46.0m |
| Capital spending | −CN¥15.0m | −CN¥33.0m | −CN¥69.0m | −CN¥33.0m | −CN¥47.0m | −CN¥58.0m | −CN¥178.0m | −CN¥72.0m |
| Free cash flow | — | — | — | CN¥117.0m | −CN¥185.0m | −CN¥104.0m | — | −CN¥26.0m |
| Total assets | CN¥4.82bn | CN¥4.85bn | CN¥4.76bn | CN¥4.72bn | CN¥4.70bn | CN¥4.45bn | CN¥4.41bn | CN¥4.17bn |
| Cash and short-term investments | — | — | — | CN¥597.7m | CN¥460.3m | CN¥407.5m | CN¥496.6m | CN¥524.2m |
| Debt | CN¥567.2m | CN¥666.6m | CN¥654.4m | CN¥1.15bn | CN¥1.42bn | CN¥1.21bn | CN¥1.17bn | CN¥1.09bn |
| Shareholders' equity | CN¥2.01bn | CN¥1.94bn | CN¥1.93bn | CN¥1.97bn | CN¥2.04bn | CN¥2.09bn | CN¥2.12bn | CN¥2.14bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.3% | 11.4% | 19.6% | 24.3% | 20.9% | 22.2% |
| Operating margin | -5.5% | 1.2% | 10.3% | 16.8% | 11.2% | 12.4% |
| Net margin | -7.1% | 0.5% | 8.0% | 14.1% | 9.7% | 10.5% |
| Return on equity | -9.9% | 0.6% | 8.9% | 20.5% | 12.9% | 13.5% |
| Return on assets | -4.0% | 0.3% | 5.0% | 10.4% | 6.8% | 7.7% |
| Free cash flow yield | 11.7% | 45.4% | 27.4% | 39.1% | 22.4% | 20.1% |
| Revenue growth | 10.6% | 1.3% | -19.5% | 35.4% | 17.8% | 18.7% |
| Earnings growth | -1726.9% | -93.9% | -54.4% | 96.6% | 8.9% | 31.0% |
| Current ratio | 1.10x | 1.17x | 1.29x | 1.45x | 1.34x | 1.71x |
| Debt to equity | 0.34x | 0.55x | 0.45x | 0.43x | 0.37x | 0.34x |
| Equity ratio | 40.5% | 48.1% | 56.1% | 50.6% | 52.5% | 57.4% |
| Interest coverage | -3.27x | 1.01x | 7.35x | 36.09x | 31.38x | 22.32x |
| R&D as a share of sales | 3.6% | 3.4% | 2.8% | 2.4% | 2.6% | 3.2% |
| Buybacks as a share of market value | -111.5% | 51.2% | -4.9% | 1.5% | -1.2% | -2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.4% | 7.5% | 12.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.9% | 18.2% | 19.1% | 20.0% |
| Operating margin | -2.5% | 5.5% | 7.2% | 8.8% |
| Net margin | -3.5% | 4.1% | 5.8% | 7.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.3 | 122.7 | 19.4 | 16.1 | 22.0 | 26.9 | 24.7 | 15.2 | 24.5 | 46.5 |
| Price to sales | 1.1 | 0.6 | 1.6 | 2.3 | 2.1 | 2.8 | 2.4 | 1.9 | 2.2 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 16 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.12 | 0.33 | 0.20 | 0.119 | 0.089 | 0.237 | 0.053 |
- 3-for-2 split · 22 May 2023
- 3-for-2 split · 17 May 2022
- 3-for-2 split · 21 May 2021
- 9-for-5 split · 8 May 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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