C 
34.62
-0.09%
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¥2.15bn
FY2016FY2025
Net income
−CN¥241.1m
FY2016FY2025
Free cash flow
−CN¥764.1m
FY2016FY2025
Shareholders' equity
CN¥2.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.15bn | CN¥1.98bn | CN¥2.54bn | CN¥2.63bn | CN¥1.85bn | CN¥1.32bn | CN¥1.26bn | CN¥1.24bn | CN¥1.03bn | CN¥890.5m |
| Research and development | CN¥931.1m | CN¥842.2m | CN¥671.4m | CN¥46.3m | CN¥26.5m | CN¥14.0m | CN¥13.1m | CN¥11.3m | CN¥8.5m | CN¥9.5m |
| Operating income | −CN¥625.8m | −CN¥218.3m | CN¥261.5m | CN¥855.6m | CN¥487.4m | CN¥360.0m | CN¥332.8m | CN¥279.8m | CN¥240.7m | CN¥250.3m |
| Net income | −CN¥241.1m | CN¥53.7m | CN¥434.4m | CN¥726.3m | CN¥393.2m | CN¥299.8m | CN¥273.2m | CN¥223.8m | CN¥194.9m | CN¥206.6m |
| Diluted earnings per share | -0.17 | 0.04 | 0.31 | 0.40 | 0.29 | 0.26 | 0.31 | 0.25 | 0.22 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.28bn | CN¥6.02bn | CN¥7.47bn | CN¥4.58bn | CN¥3.74bn | CN¥2.96bn | CN¥2.85bn | CN¥1.39bn | CN¥1.13bn | CN¥968.7m |
| Cash and short-term investments | CN¥1.16bn | CN¥1.34bn | CN¥3.77bn | CN¥2.20bn | CN¥1.66bn | CN¥1.46bn | CN¥1.44bn | CN¥156.4m | CN¥68.2m | CN¥150.6m |
| Total liabilities | CN¥3.48bn | CN¥1.53bn | CN¥1.99bn | CN¥639.8m | CN¥443.6m | CN¥269.6m | CN¥437.1m | CN¥391.5m | CN¥362.2m | CN¥396.7m |
| Debt | — | CN¥103.4m | CN¥11.3m | CN¥49.6m | CN¥841,000 | CN¥5.0m | CN¥12.5m | CN¥83.1m | CN¥95.7m | CN¥120.0m |
| Shareholders' equity | CN¥2.67bn | CN¥3.73bn | CN¥5.28bn | CN¥3.94bn | CN¥3.29bn | CN¥2.68bn | CN¥2.41bn | CN¥990.8m | CN¥766.9m | CN¥572.0m |
| Shares outstanding | 1,393m | 1,396m | 1,405m | 1,809m | 1,337m | 1,173m | 883m | 889m | 888m | 1,393m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥195.7m | −CN¥1.24bn | CN¥927.2m | CN¥640.7m | CN¥292.1m | CN¥349.1m | CN¥315.4m | CN¥159.7m | CN¥1.3m | CN¥137.3m |
| Capital spending | −CN¥568.4m | −CN¥477.8m | −CN¥95.7m | −CN¥114.1m | −CN¥66.9m | −CN¥117.7m | −CN¥106.1m | −CN¥59.0m | −CN¥42.8m | −CN¥147.8m |
| Free cash flow | −CN¥764.1m | −CN¥1.71bn | CN¥831.5m | CN¥526.7m | CN¥225.2m | CN¥231.3m | CN¥209.3m | CN¥100.8m | −CN¥41.5m | −CN¥10.5m |
| Dividends paid | −CN¥36.4m | −CN¥374.2m | −CN¥97.8m | −CN¥82.1m | −CN¥42.0m | −CN¥28.0m | −CN¥1.5m | −CN¥3.4m | −CN¥24.8m | −CN¥53.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.58bn | CN¥664.6m | CN¥564.7m | CN¥543.5m | CN¥577.6m | CN¥472.0m | CN¥501.8m | CN¥507.1m |
| Operating income | CN¥1.71bn | −CN¥88.7m | −CN¥289.7m | −CN¥107.9m | −CN¥23.8m | −CN¥126.6m | −CN¥237.8m | −CN¥47.5m |
| Net income | CN¥1.36bn | −CN¥93.9m | −CN¥217.1m | −CN¥21.3m | CN¥24.2m | −CN¥26.9m | −CN¥85.6m | CN¥2.3m |
| Diluted earnings per share | 0.97 | -0.07 | -0.16 | -0.02 | 0.02 | -0.02 | -0.06 | 0.00 |
| Cash from operations | — | — | −CN¥25.0m | −CN¥987.0m | −CN¥65.0m | −CN¥84.0m | −CN¥279.0m | −CN¥14.0m |
| Capital spending | −CN¥142.0m | −CN¥107.0m | −CN¥293.0m | −CN¥102.0m | −CN¥76.0m | −CN¥96.0m | −CN¥9.0m | −CN¥222.0m |
| Free cash flow | — | — | −CN¥318.0m | −CN¥1.09bn | −CN¥141.0m | −CN¥180.0m | −CN¥288.0m | −CN¥236.0m |
| Total assets | CN¥8.71bn | CN¥6.21bn | CN¥6.28bn | CN¥6.21bn | CN¥6.17bn | CN¥6.09bn | CN¥6.02bn | CN¥5.72bn |
| Cash and short-term investments | — | — | CN¥1.16bn | CN¥1.23bn | CN¥1.28bn | CN¥1.30bn | CN¥1.34bn | CN¥1.29bn |
| Debt | CN¥250.0m | CN¥10.0m | CN¥3.2m | CN¥136.7m | CN¥122.6m | CN¥94.2m | — | — |
| Shareholders' equity | CN¥3.94bn | CN¥2.58bn | CN¥2.67bn | CN¥3.69bn | CN¥3.71bn | CN¥3.71bn | CN¥3.73bn | CN¥3.81bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -29.1% | -11.0% | 10.3% | 32.6% | 26.3% | 27.3% | — | — |
| Net margin | -11.2% | 2.7% | 17.1% | 27.7% | 21.3% | 22.8% | — | — |
| Return on equity | -9.0% | 1.4% | 8.2% | 18.5% | 12.0% | 11.2% | — | — |
| Return on assets | -3.8% | 0.9% | 5.8% | 15.8% | 10.5% | 10.1% | — | — |
| Free cash flow yield | 0.6% | -1.3% | 1.7% | 1.0% | 0.6% | 0.9% | — | — |
| Revenue growth | 8.4% | -22.0% | -3.3% | 42.0% | 40.4% | 4.8% | — | — |
| Earnings growth | -548.8% | -87.6% | -40.2% | 84.7% | 31.1% | 9.8% | — | — |
| Current ratio | 1.05x | 1.95x | 2.43x | 5.47x | 6.09x | 8.14x | — | — |
| Debt to equity | 0.00x | 0.03x | — | 0.01x | 0.00x | — | 0.01x | 0.02x |
| Equity ratio | 42.5% | 61.9% | 70.7% | 85.9% | 87.9% | 90.6% | — | — |
| Interest coverage | -27.83x | -32.18x | 408.82x | 725.73x | 148.40x | 856.10x | — | — |
| R&D as a share of sales | 43.4% | 42.5% | 26.4% | 1.8% | 1.4% | 1.1% | — | — |
| Buybacks as a share of market value | 0.2% | 0.7% | 22.3% | -35.3% | -14.0% | -32.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.5% | 10.3% | 11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -20.4% | 2.9% | 9.0% | 13.4% |
| Net margin | -4.5% | 10.5% | 13.4% | 15.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -208.3 | — | 98.7 | 18.2 | 24.1 | 26.1 | 19.6 |
| Price to sales | 23.4 | 18.7 | 16.9 | 5.0 | 5.1 | 5.9 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 29 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.32 | 0.125 | 0.069 | 0.036 | 0.024 |
- 6-for-5 split · 25 Apr 2024
- 9-for-5 split · 27 Apr 2023
- 13-for-10 split · 28 Apr 2021
- 2.1-for-1 split · 29 Apr 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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