Z 
3.46
-1.42%
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¥1.58bn
FY2016FY2025
Net income
−CN¥218.3m
FY2016FY2025
Free cash flow
−CN¥520.0m
FY2016FY2025
Shareholders' equity
CN¥2.21bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.58bn | CN¥2.14bn | CN¥1.51bn | CN¥1.72bn | CN¥1.71bn | CN¥1.24bn | CN¥990.2m | CN¥490.5m | CN¥317.5m | CN¥290.3m |
| Gross profit | CN¥313.9m | CN¥479.6m | −CN¥80.7m | CN¥990.6m | CN¥872.9m | CN¥596.4m | CN¥503.3m | CN¥272.7m | CN¥195.9m | CN¥205.4m |
| Research and development | CN¥93.4m | CN¥75.4m | CN¥76.4m | CN¥68.6m | CN¥74.8m | CN¥42.2m | CN¥30.3m | CN¥14.3m | CN¥10.8m | CN¥10.2m |
| Operating income | — | CN¥4.2m | −CN¥672.5m | CN¥499.2m | CN¥431.5m | CN¥257.1m | CN¥194.3m | CN¥102.7m | CN¥87.8m | CN¥90.1m |
| Net income | −CN¥218.3m | CN¥15.2m | −CN¥653.6m | CN¥410.1m | CN¥302.4m | CN¥196.1m | CN¥126.7m | CN¥78.0m | CN¥71.2m | CN¥70.5m |
| Diluted earnings per share | -0.18 | 0.01 | -0.60 | 0.39 | 0.29 | 0.19 | 0.15 | 0.09 | 0.08 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.29bn | CN¥5.77bn | CN¥5.27bn | CN¥5.12bn | CN¥4.08bn | CN¥2.97bn | CN¥2.35bn | CN¥1.77bn | CN¥989.3m | CN¥942.9m |
| Cash and short-term investments | — | CN¥249.5m | CN¥255.5m | CN¥507.8m | CN¥851.6m | CN¥284.6m | CN¥141.4m | CN¥93.1m | CN¥84.7m | CN¥435.8m |
| Total liabilities | CN¥4.01bn | CN¥3.29bn | CN¥2.85bn | CN¥2.08bn | CN¥1.47bn | CN¥1.24bn | CN¥1.13bn | CN¥728.5m | CN¥120.5m | CN¥157.4m |
| Debt | CN¥835.8m | CN¥1.78bn | CN¥2.00bn | CN¥1.36bn | CN¥730.6m | CN¥590.1m | CN¥551.4m | CN¥285.0m | CN¥29.3m | CN¥64.0m |
| Shareholders' equity | CN¥2.21bn | CN¥2.41bn | CN¥2.37bn | CN¥2.98bn | CN¥2.52bn | CN¥1.54bn | CN¥1.05bn | CN¥923.9m | CN¥844.7m | CN¥785.5m |
| Shares outstanding | 1,202m | 1,434m | 1,097m | 1,058m | 1,035m | 1,025m | 838m | 911m | 904m | 658m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥36.5m | −CN¥139.6m | −CN¥861.6m | −CN¥128.3m | CN¥134.4m | CN¥43.0m | −CN¥80.7m | −CN¥9.7m | −CN¥19.4m | CN¥55.7m |
| Capital spending | −CN¥483.5m | −CN¥496.9m | −CN¥413.3m | −CN¥374.7m | −CN¥194.9m | −CN¥130.9m | −CN¥112.6m | −CN¥207.0m | −CN¥116.6m | −CN¥7.5m |
| Free cash flow | −CN¥520.0m | −CN¥636.5m | −CN¥1.27bn | −CN¥503.0m | −CN¥60.5m | −CN¥87.8m | −CN¥193.3m | −CN¥216.7m | −CN¥136.0m | CN¥48.2m |
| Dividends paid | −CN¥107.4m | −CN¥76.0m | −CN¥90.7m | −CN¥50.2m | −CN¥44.0m | −CN¥27.3m | −CN¥16.0m | −CN¥18.1m | −CN¥14.1m | −CN¥20.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥652.0m | CN¥355.3m | CN¥348.8m | CN¥564.1m | CN¥309.2m | CN¥358.3m | CN¥358.9m | CN¥760.8m |
| Gross profit | CN¥167.7m | CN¥146.3m | CN¥18.0m | CN¥128.0m | CN¥78.7m | CN¥89.2m | CN¥134.4m | CN¥66.2m |
| Operating income | CN¥53.7m | CN¥22.6m | −CN¥58.9m | −CN¥32.8m | −CN¥55.3m | CN¥24.2m | −CN¥14.3m | −CN¥61.8m |
| Net income | CN¥14.1m | CN¥18.1m | −CN¥160.3m | CN¥10.3m | −CN¥78.6m | CN¥10.3m | −CN¥9.0m | −CN¥55.5m |
| Diluted earnings per share | 0.01 | 0.02 | -0.13 | 0.01 | -0.07 | 0.01 | -0.01 | -0.04 |
| Cash from operations | — | — | — | CN¥5.0m | −CN¥79.0m | CN¥29.0m | — | CN¥252.0m |
| Capital spending | −CN¥3.0m | −CN¥91.0m | −CN¥182.0m | −CN¥76.0m | −CN¥267.0m | −CN¥109.0m | −CN¥98.0m | −CN¥212.0m |
| Free cash flow | — | — | — | −CN¥71.0m | −CN¥346.0m | −CN¥80.0m | — | CN¥40.0m |
| Total assets | CN¥6.07bn | CN¥6.30bn | CN¥6.29bn | CN¥6.15bn | CN¥5.93bn | CN¥5.80bn | CN¥5.77bn | CN¥5.85bn |
| Cash and short-term investments | — | — | — | CN¥215.8m | CN¥247.1m | CN¥139.5m | CN¥219.5m | CN¥240.1m |
| Debt | CN¥759.5m | CN¥894.3m | CN¥835.8m | CN¥1.10bn | CN¥1.49bn | CN¥2.23bn | CN¥1.78bn | CN¥1.64bn |
| Shareholders' equity | CN¥2.28bn | CN¥2.24bn | CN¥2.21bn | CN¥2.40bn | CN¥2.35bn | CN¥2.45bn | CN¥2.41bn | CN¥2.57bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.8% | 5.1% | 18.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.4% | 24.5% | 32.1% | 37.1% |
| Net margin | -5.5% | -6.4% | 0.5% | 3.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.8 | 414.2 | -9.8 | 29.7 | 40.5 | 22.7 | 21.6 | 24.5 | 35.6 |
| Price to sales | 4.7 | 3.0 | 4.3 | 7.1 | 7.1 | 3.6 | 2.8 | 3.9 | 8.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 4 Jul 2025.
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.027 | 0.03 | 0.047 | 0.045 | 0.052 | 0.018 | 0.018 | 0.016 |
- 1.69-for-1 split · 15 Jul 2022
- 1.693-for-1 split · 7 Jul 2021
- 17-for-10 split · 3 Jul 2020
- 17-for-10 split · 4 Jul 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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