J 
15.68
-0.06%
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¥1.60bn
FY2016FY2025
Net income
−CN¥109.4m
FY2016FY2025
Free cash flow
−CN¥12.9m
FY2016FY2025
Shareholders' equity
CN¥1.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.60bn | CN¥1.77bn | CN¥1.81bn | CN¥1.55bn | CN¥1.45bn | CN¥1.00bn | CN¥954.4m | CN¥1.13bn | CN¥1.21bn | CN¥1.00bn |
| Gross profit | CN¥171.6m | CN¥188.1m | CN¥200.3m | CN¥286.4m | CN¥298.2m | CN¥91.7m | CN¥119.5m | CN¥144.6m | CN¥204.6m | CN¥196.4m |
| Research and development | CN¥16.6m | CN¥21.8m | CN¥25.0m | CN¥24.5m | CN¥24.9m | CN¥21.1m | CN¥20.1m | CN¥22.3m | CN¥22.6m | CN¥19.0m |
| Operating income | −CN¥116.9m | CN¥39.3m | −CN¥27.0m | CN¥126.5m | CN¥161.9m | CN¥16.2m | CN¥3.5m | CN¥42.9m | CN¥82.4m | CN¥88.7m |
| Net income | −CN¥109.4m | CN¥9.5m | −CN¥35.3m | CN¥109.6m | CN¥131.8m | −CN¥3.9m | CN¥6.6m | CN¥35.7m | CN¥64.6m | CN¥59.5m |
| Diluted earnings per share | -0.66 | 0.06 | -0.21 | 0.61 | 0.80 | -0.03 | 0.04 | 0.23 | 0.51 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.53bn | CN¥2.63bn | CN¥2.64bn | CN¥2.86bn | CN¥2.54bn | CN¥2.24bn | CN¥1.74bn | CN¥1.39bn | CN¥1.27bn | CN¥889.1m |
| Cash and short-term investments | — | CN¥215.8m | CN¥163.9m | CN¥321.0m | CN¥229.9m | CN¥162.0m | CN¥189.8m | CN¥305.4m | CN¥118.8m | CN¥89.5m |
| Total liabilities | CN¥1.42bn | CN¥1.40bn | CN¥1.38bn | CN¥1.55bn | CN¥1.36bn | CN¥1.35bn | CN¥837.6m | CN¥461.7m | CN¥379.6m | CN¥388.6m |
| Debt | CN¥25.7m | CN¥978.1m | CN¥1.06bn | CN¥1.00bn | CN¥760.4m | CN¥780.7m | CN¥528.2m | CN¥290.0m | CN¥245.0m | CN¥225.0m |
| Shareholders' equity | CN¥1.11bn | CN¥1.22bn | CN¥1.22bn | CN¥1.25bn | CN¥1.13bn | CN¥834.0m | CN¥844.3m | CN¥870.7m | CN¥852.7m | CN¥489.6m |
| Shares outstanding | 165m | 170m | 165m | 180m | 165m | 143m | 147m | 156m | 127m | 124m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥76.3m | CN¥217.8m | CN¥29.7m | CN¥137.0m | CN¥266.1m | CN¥79.8m | CN¥26.8m | CN¥124.2m | CN¥2.1m | CN¥41.1m |
| Capital spending | −CN¥89.2m | −CN¥75.2m | −CN¥154.7m | −CN¥220.2m | −CN¥286.2m | −CN¥347.4m | −CN¥395.9m | −CN¥297.2m | −CN¥61.4m | −CN¥66.1m |
| Free cash flow | −CN¥12.9m | CN¥142.6m | −CN¥125.0m | −CN¥83.2m | −CN¥20.0m | −CN¥267.7m | −CN¥369.1m | −CN¥173.0m | −CN¥59.3m | −CN¥25.0m |
| Dividends paid | −CN¥46.5m | −CN¥59.6m | −CN¥58.6m | −CN¥8.6m | −CN¥38.0m | −CN¥42.4m | −CN¥12.1m | −CN¥28.9m | −CN¥13.7m | −CN¥25.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥587.3m | CN¥547.9m | CN¥485.4m | CN¥420.0m | CN¥358.1m | CN¥332.2m | CN¥437.2m | CN¥458.9m |
| Gross profit | CN¥81.6m | CN¥39.7m | CN¥14.2m | CN¥13.0m | −CN¥13.9m | −CN¥12.0m | CN¥35.0m | CN¥50.7m |
| Operating income | CN¥55.0m | CN¥13.0m | −CN¥13.3m | −CN¥41.0m | −CN¥32.5m | −CN¥56.2m | CN¥868,823 | CN¥7.9m |
| Net income | CN¥26.5m | CN¥4.3m | −CN¥19.5m | −CN¥26.8m | −CN¥26.8m | −CN¥36.2m | −CN¥4.9m | CN¥1.8m |
| Diluted earnings per share | 0.16 | 0.03 | -0.12 | -0.16 | -0.16 | -0.22 | -0.03 | 0.01 |
| Cash from operations | — | — | — | −CN¥105.0m | CN¥39.0m | −CN¥48.0m | CN¥98.0m | CN¥50.0m |
| Capital spending | −CN¥11.0m | −CN¥19.0m | −CN¥15.0m | −CN¥24.0m | −CN¥18.0m | −CN¥30.0m | −CN¥17.0m | −CN¥12.0m |
| Free cash flow | — | — | — | −CN¥129.0m | CN¥21.0m | −CN¥78.0m | CN¥81.0m | CN¥38.0m |
| Total assets | CN¥2.53bn | CN¥2.59bn | CN¥2.53bn | CN¥2.56bn | CN¥2.57bn | CN¥2.53bn | CN¥2.63bn | CN¥2.59bn |
| Cash and short-term investments | — | — | — | CN¥132.0m | CN¥239.0m | CN¥144.4m | CN¥215.8m | CN¥186.3m |
| Debt | CN¥21.5m | CN¥25.7m | CN¥25.7m | CN¥1.02bn | CN¥988.4m | CN¥998.6m | CN¥966.2m | CN¥947.0m |
| Shareholders' equity | CN¥1.11bn | CN¥1.12bn | CN¥1.11bn | CN¥1.13bn | CN¥1.15bn | CN¥1.18bn | CN¥1.22bn | CN¥1.22bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.8% | 10.6% | 11.0% | 18.4% | 20.6% | 9.1% |
| Operating margin | -7.3% | 2.2% | -1.4% | 10.1% | 12.8% | 1.6% |
| Net margin | -6.9% | 0.5% | -1.9% | 7.1% | 9.1% | -0.4% |
| Return on equity | -9.9% | 0.8% | -2.9% | 8.7% | 11.7% | -0.5% |
| Return on assets | -4.3% | 0.4% | -1.3% | 3.8% | 5.2% | -0.2% |
| Free cash flow yield | 6.3% | 10.8% | 7.0% | 12.4% | 20.8% | 18.6% |
| Revenue growth | -9.7% | -2.5% | 16.7% | 7.2% | 44.4% | 5.2% |
| Earnings growth | -1247.2% | -127.0% | -132.2% | -16.9% | -3496.3% | -159.2% |
| Current ratio | 0.54x | 0.60x | 0.56x | 0.61x | 0.59x | 0.51x |
| Debt to equity | 0.02x | 0.79x | 0.86x | 0.80x | 0.67x | 0.85x |
| Equity ratio | 43.9% | 46.2% | 46.3% | 43.9% | 44.4% | 37.3% |
| Interest coverage | -2.52x | 0.86x | -0.51x | 4.30x | 7.19x | 0.66x |
| R&D as a share of sales | 1.0% | 1.2% | 1.4% | 1.6% | 1.7% | 2.1% |
| Buybacks as a share of market value | 2.8% | -2.9% | 8.6% | -9.1% | -15.6% | 2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | 9.7% | 3.8% |
| Net income | — | 95.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.7% | 12.6% | 13.5% | 14.5% |
| Operating margin | -2.3% | 0.3% | 2.2% | 3.4% |
| Net margin | -3.0% | -0.4% | 1.1% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.3 | 216.7 | -69.8 | 36.8 | 33.1 | -567.0 | 223.5 | 46.0 | 39.6 |
| Price to sales | 1.3 | 1.2 | 1.4 | 2.6 | 3.0 | 2.2 | 1.5 | 1.5 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 17 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.10 | 0.15 | 0.053 | 0.026 | 0.08 | 0.105 |
- 19-for-10 split · 23 Mar 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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