K 
3.95
-1.00%
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¥6.04bn
FY2016FY2025
Net income
−CN¥535.3m
FY2016FY2025
Free cash flow
CN¥147.1m
FY2016FY2025
Shareholders' equity
CN¥3.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.04bn | CN¥6.83bn | CN¥7.94bn | CN¥7.66bn | CN¥7.77bn | CN¥6.24bn | CN¥4.65bn | CN¥3.10bn | CN¥2.04bn | CN¥1.47bn |
| Gross profit | CN¥1.46bn | CN¥1.46bn | CN¥1.65bn | CN¥1.61bn | CN¥2.20bn | CN¥2.28bn | CN¥1.54bn | CN¥967.8m | CN¥772.5m | CN¥729.1m |
| Research and development | CN¥252.8m | CN¥275.2m | CN¥319.5m | CN¥343.1m | CN¥340.0m | CN¥281.8m | CN¥209.5m | CN¥130.7m | CN¥86.1m | CN¥59.6m |
| Operating income | CN¥311.5m | CN¥111.8m | −CN¥442.0m | CN¥268.7m | CN¥882.9m | CN¥1.08bn | CN¥468.4m | CN¥258.8m | CN¥281.6m | CN¥328.7m |
| Net income | −CN¥535.3m | CN¥44.1m | −CN¥337.6m | CN¥178.2m | CN¥672.6m | CN¥890.3m | CN¥363.4m | CN¥185.3m | CN¥217.7m | CN¥264.4m |
| Diluted earnings per share | -0.67 | 0.04 | -0.30 | 0.14 | 0.62 | 0.80 | 0.35 | 0.17 | 0.26 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.40bn | CN¥14.04bn | CN¥13.78bn | CN¥12.64bn | CN¥10.79bn | CN¥8.15bn | CN¥5.99bn | CN¥4.92bn | CN¥2.55bn | CN¥2.06bn |
| Cash and short-term investments | — | CN¥3.68bn | CN¥3.78bn | CN¥2.41bn | CN¥2.19bn | CN¥1.64bn | CN¥1.10bn | CN¥1.33bn | CN¥346.0m | CN¥424.8m |
| Total liabilities | CN¥8.35bn | CN¥9.07bn | CN¥8.67bn | CN¥7.02bn | CN¥5.82bn | CN¥4.00bn | CN¥2.84bn | CN¥2.01bn | CN¥1.10bn | CN¥806.2m |
| Debt | CN¥2.44bn | CN¥4.13bn | CN¥4.03bn | CN¥2.42bn | CN¥1.55bn | CN¥897.4m | CN¥606.1m | CN¥448.3m | CN¥174.8m | CN¥209.8m |
| Shareholders' equity | CN¥3.97bn | CN¥4.89bn | CN¥5.03bn | CN¥5.62bn | CN¥4.97bn | CN¥4.15bn | CN¥3.15bn | CN¥2.91bn | CN¥1.44bn | CN¥1.26bn |
| Shares outstanding | 793m | 1,073m | 1,143m | 1,279m | 1,091m | 1,111m | 1,053m | 1,068m | 825m | 831m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥319.6m | CN¥315.6m | CN¥191.8m | CN¥235.3m | CN¥611.1m | CN¥552.2m | CN¥174.7m | −CN¥198.5m | CN¥99.9m | CN¥113.8m |
| Capital spending | −CN¥172.5m | −CN¥251.7m | −CN¥508.4m | −CN¥333.6m | −CN¥422.0m | −CN¥607.1m | −CN¥502.6m | −CN¥344.6m | −CN¥186.1m | −CN¥246.4m |
| Free cash flow | CN¥147.1m | CN¥63.9m | −CN¥316.6m | −CN¥98.3m | CN¥189.2m | −CN¥54.9m | −CN¥327.8m | −CN¥543.1m | −CN¥86.2m | −CN¥132.6m |
| Dividends paid | −CN¥429.8m | −CN¥135.1m | −CN¥122.1m | −CN¥79.1m | −CN¥95.5m | −CN¥31.0m | −CN¥30.5m | −CN¥53.5m | −CN¥40.9m | −CN¥27.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.46bn | CN¥1.46bn | CN¥1.34bn | CN¥1.48bn | CN¥1.83bn | CN¥1.40bn | CN¥1.69bn | CN¥1.67bn |
| Gross profit | CN¥414.1m | CN¥400.4m | CN¥318.5m | CN¥357.2m | CN¥446.2m | CN¥340.8m | CN¥276.2m | CN¥374.6m |
| Operating income | CN¥153.7m | CN¥149.9m | CN¥21.5m | −CN¥22.8m | CN¥33.7m | CN¥62.3m | −CN¥88.9m | CN¥32.4m |
| Net income | CN¥3.8m | CN¥63.6m | −CN¥555.4m | −CN¥26.9m | CN¥6.5m | CN¥40.5m | −CN¥82.1m | CN¥32.3m |
| Diluted earnings per share | 0.00 | 0.08 | -0.70 | -0.03 | 0.01 | 0.05 | -0.08 | 0.03 |
| Cash from operations | — | — | — | −CN¥264.0m | −CN¥178.0m | −CN¥380.0m | — | −CN¥62.0m |
| Capital spending | −CN¥23.0m | −CN¥32.0m | −CN¥2.0m | −CN¥37.0m | −CN¥36.0m | −CN¥95.0m | −CN¥46.0m | −CN¥102.0m |
| Free cash flow | — | — | — | −CN¥301.0m | −CN¥214.0m | −CN¥475.0m | — | −CN¥164.0m |
| Total assets | CN¥13.39bn | CN¥12.35bn | CN¥12.40bn | CN¥15.00bn | CN¥15.38bn | CN¥14.13bn | CN¥14.04bn | CN¥14.66bn |
| Cash and short-term investments | — | — | — | CN¥4.49bn | CN¥4.64bn | CN¥3.62bn | CN¥3.68bn | CN¥3.65bn |
| Debt | CN¥2.93bn | CN¥2.88bn | CN¥2.44bn | CN¥4.89bn | CN¥5.83bn | CN¥4.17bn | CN¥4.11bn | CN¥5.15bn |
| Shareholders' equity | CN¥3.97bn | CN¥4.04bn | CN¥3.97bn | CN¥4.50bn | CN¥4.62bn | CN¥4.94bn | CN¥4.89bn | CN¥4.96bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.2% | 21.4% | 20.7% | 21.1% | 28.3% | 36.6% |
| Operating margin | -8.1% | 2.4% | -3.8% | 3.9% | 11.4% | 17.3% |
| Net margin | -8.9% | 0.6% | -4.2% | 2.3% | 8.7% | 14.3% |
| Return on equity | -13.5% | 0.9% | -6.7% | 3.2% | 13.5% | 21.4% |
| Return on assets | -4.3% | 0.3% | -2.4% | 1.4% | 6.2% | 10.9% |
| Free cash flow yield | 13.1% | 11.2% | 12.9% | 9.4% | 20.0% | 22.0% |
| Revenue growth | -11.5% | -14.0% | 3.7% | -1.4% | 24.6% | 34.1% |
| Earnings growth | -1314.7% | -113.1% | -289.4% | -73.5% | -24.5% | 145.0% |
| Current ratio | 1.40x | 1.62x | 1.65x | 1.55x | 1.69x | 1.63x |
| Debt to equity | 0.61x | 0.84x | 0.80x | 0.33x | 0.29x | 0.12x |
| Equity ratio | 32.0% | 34.8% | 36.5% | 44.4% | 46.0% | 51.0% |
| Interest coverage | -4.95x | 1.50x | -2.71x | 2.45x | 12.32x | 19.95x |
| R&D as a share of sales | 4.2% | 4.0% | 4.0% | 4.5% | 4.4% | 4.5% |
| Buybacks as a share of market value | 26.1% | 6.1% | 10.6% | -17.2% | 1.8% | -5.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.6% | -0.6% | 17.6% |
| Operating income | 5.1% | -22.0% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.7% | 21.7% | 25.1% | 27.7% |
| Operating margin | 3.3% | 0.9% | 5.2% | 6.8% |
| Net margin | -3.8% | -2.3% | 2.1% | 3.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.2 | 123.4 | -20.8 | 90.2 | 26.4 | 14.9 | 18.2 | 28.1 |
| Price to sales | 0.7 | 0.8 | 0.9 | 2.1 | 2.3 | 2.1 | 1.4 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 26 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.35 | 0.08 | 0.05 | 0.083 | 0.028 | 0.028 |
- 9-for-5 split · 1 Jul 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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