B 
5.90
-1.83%
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¥1.52bn
FY2016FY2025
Net income
CN¥24.1m
FY2016FY2025
Free cash flow
−CN¥112.6m
FY2016FY2025
Shareholders' equity
CN¥1.71bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.52bn | CN¥1.33bn | CN¥699.2m | CN¥768.1m | CN¥530.0m | CN¥404.5m | CN¥494.1m | CN¥465.2m | CN¥434.2m | CN¥338.0m |
| Gross profit | CN¥258.7m | CN¥173.7m | CN¥241.1m | CN¥293.4m | CN¥155.2m | CN¥105.3m | CN¥139.7m | CN¥159.9m | CN¥157.6m | CN¥107.2m |
| Research and development | CN¥41.8m | CN¥45.5m | CN¥40.0m | CN¥37.6m | CN¥32.6m | CN¥22.8m | CN¥29.5m | CN¥28.5m | CN¥25.9m | CN¥19.5m |
| Operating income | CN¥54.7m | −CN¥39.7m | CN¥112.4m | CN¥190.7m | CN¥68.5m | CN¥48.3m | CN¥64.8m | CN¥92.4m | CN¥89.0m | CN¥56.7m |
| Net income | CN¥24.1m | −CN¥32.9m | CN¥88.4m | CN¥152.9m | CN¥56.4m | CN¥38.4m | CN¥63.7m | CN¥78.0m | CN¥73.2m | CN¥36.9m |
| Diluted earnings per share | 0.07 | -0.04 | 0.22 | 0.40 | 0.21 | 0.14 | 0.24 | 0.40 | 0.80 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.30bn | CN¥3.16bn | CN¥2.92bn | CN¥2.10bn | CN¥1.40bn | CN¥1.31bn | CN¥1.20bn | CN¥676.1m | CN¥604.5m | CN¥407.7m |
| Cash and short-term investments | — | CN¥643.1m | CN¥661.5m | CN¥617.6m | CN¥334.8m | CN¥415.6m | CN¥485.3m | CN¥91.1m | CN¥78.4m | CN¥56.7m |
| Total liabilities | CN¥1.54bn | CN¥1.40bn | CN¥1.22bn | CN¥469.2m | CN¥309.1m | CN¥268.4m | CN¥189.4m | CN¥124.8m | CN¥132.4m | CN¥158.9m |
| Debt | CN¥392.4m | CN¥722.6m | CN¥446.2m | CN¥275.1m | CN¥181.0m | CN¥110.5m | CN¥42.0m | CN¥48.8m | CN¥9.0m | CN¥70.0m |
| Shareholders' equity | CN¥1.71bn | CN¥1.71bn | CN¥1.67bn | CN¥1.61bn | CN¥1.07bn | CN¥1.03bn | CN¥998.4m | CN¥541.8m | CN¥463.9m | CN¥240.3m |
| Shares outstanding | 345m | 772m | 398m | 378m | 271m | 265m | 260m | 194m | 91m | 194m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥57.3m | CN¥17.1m | CN¥113.4m | CN¥186.5m | CN¥95.6m | CN¥88.1m | CN¥45.2m | CN¥56.7m | −CN¥32.8m | CN¥31.0m |
| Capital spending | −CN¥169.9m | −CN¥271.6m | −CN¥359.1m | −CN¥269.9m | −CN¥215.7m | −CN¥151.0m | −CN¥92.9m | −CN¥52.2m | −CN¥14.7m | −CN¥27.4m |
| Free cash flow | −CN¥112.6m | −CN¥254.5m | −CN¥245.6m | −CN¥83.4m | −CN¥120.0m | −CN¥62.9m | −CN¥47.7m | CN¥4.5m | −CN¥47.5m | CN¥3.7m |
| Dividends paid | −CN¥30.6m | −CN¥38.8m | −CN¥34.0m | −CN¥8.6m | −CN¥6.1m | −CN¥9.7m | −CN¥2.9m | −CN¥2.9m | −CN¥69.1m | −CN¥7.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥394.7m | CN¥353.1m | CN¥413.1m | CN¥334.2m | CN¥353.6m | CN¥422.5m | CN¥356.8m | CN¥305.6m |
| Gross profit | CN¥86.1m | CN¥60.1m | CN¥65.0m | CN¥51.5m | CN¥57.8m | CN¥84.3m | CN¥33.9m | CN¥28.7m |
| Operating income | CN¥24.2m | CN¥10.9m | CN¥11.5m | −CN¥7.7m | CN¥11.6m | CN¥27.8m | −CN¥44.3m | −CN¥16.1m |
| Net income | CN¥2.9m | CN¥3.0m | −CN¥7.1m | −CN¥3.5m | CN¥8.7m | CN¥26.0m | −CN¥35.2m | −CN¥14.3m |
| Diluted earnings per share | 0.01 | 0.01 | -0.02 | -0.01 | 0.03 | 0.08 | -0.05 | -0.02 |
| Cash from operations | — | — | — | CN¥97.0m | −CN¥13.0m | −CN¥9.0m | — | CN¥24.0m |
| Capital spending | −CN¥34.0m | −CN¥31.0m | −CN¥45.0m | −CN¥92.0m | −CN¥5.0m | −CN¥27.0m | −CN¥70.0m | −CN¥65.0m |
| Free cash flow | — | — | — | CN¥5.0m | −CN¥18.0m | −CN¥36.0m | — | −CN¥41.0m |
| Total assets | CN¥3.34bn | CN¥3.26bn | CN¥3.30bn | CN¥3.25bn | CN¥3.26bn | CN¥3.19bn | CN¥3.16bn | CN¥3.11bn |
| Cash and short-term investments | — | — | — | CN¥703.8m | CN¥639.0m | CN¥612.8m | CN¥643.1m | CN¥799.8m |
| Debt | CN¥309.1m | CN¥460.9m | CN¥392.4m | CN¥736.1m | CN¥742.8m | CN¥710.5m | CN¥721.6m | CN¥780.2m |
| Shareholders' equity | CN¥1.72bn | CN¥1.72bn | CN¥1.71bn | CN¥1.72bn | CN¥1.73bn | CN¥1.73bn | CN¥1.71bn | CN¥1.75bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.0% | 13.1% | 34.5% | 38.2% | 29.3% | 26.0% |
| Operating margin | 2.1% | -2.2% | 17.0% | 25.1% | 13.4% | 12.0% |
| Net margin | 1.6% | -2.5% | 12.6% | 19.9% | 10.6% | 9.5% |
| Return on equity | 1.4% | -1.9% | 5.3% | 9.5% | 5.3% | 3.7% |
| Return on assets | 0.7% | -1.0% | 3.0% | 7.3% | 4.0% | 2.9% |
| Free cash flow yield | 10.5% | 5.9% | 18.8% | 19.2% | 18.2% | 14.3% |
| Revenue growth | 14.7% | 90.0% | -9.0% | 44.9% | 31.0% | -18.1% |
| Earnings growth | -173.2% | -137.2% | -42.2% | 171.1% | 46.8% | -39.7% |
| Current ratio | 1.12x | 1.42x | 1.37x | 2.95x | 2.25x | 2.73x |
| Debt to equity | 0.23x | 0.42x | 0.31x | 0.15x | 0.12x | 0.10x |
| Equity ratio | 52.0% | 54.0% | 57.3% | 76.5% | 76.4% | 78.6% |
| Interest coverage | 1.09x | -1.06x | 15.13x | 19.88x | 11.36x | 8.49x |
| R&D as a share of sales | 2.7% | 3.4% | 5.7% | 4.9% | 6.1% | 5.6% |
| Buybacks as a share of market value | 55.3% | -93.8% | -5.4% | -39.6% | -2.2% | -2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.6% | 30.4% | 18.6% |
| Operating income | -34.1% | 2.5% | 5.8% |
| Net income | -46.0% | -8.9% | -0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.2% | 22.4% | 23.4% | 25.8% |
| Operating margin | 0.5% | 7.4% | 8.3% | 10.6% |
| Net margin | -0.3% | 5.4% | 6.2% | 8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 124.5 | -239.9 | 72.5 | 27.8 | 33.2 | 52.8 | 39.9 |
| Price to sales | 2.0 | 5.9 | 9.2 | 5.5 | 3.5 | 5.0 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.04 | 0.12 | 0.033 | 0.02 | 0.032 |
- 9-for-5 split · 10 Apr 2023
- 7-for-5 split · 2 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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