J 
6.78
-1.02%
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¥1.18bn
FY2016FY2025
Net income
−CN¥35.2m
FY2016FY2025
Free cash flow
−CN¥101.8m
FY2016FY2025
Shareholders' equity
CN¥1.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.18bn | CN¥1.01bn | CN¥947.9m | CN¥900.4m | CN¥993.5m | CN¥753.6m | CN¥1.12bn | CN¥1.20bn | CN¥1.07bn | CN¥1.00bn |
| Gross profit | CN¥288.0m | CN¥153.4m | CN¥123.5m | CN¥90.1m | CN¥152.8m | CN¥91.7m | CN¥235.9m | CN¥250.4m | CN¥246.5m | CN¥260.7m |
| Research and development | CN¥49.5m | CN¥42.1m | CN¥34.5m | CN¥32.4m | CN¥33.2m | CN¥24.6m | CN¥43.4m | CN¥44.8m | CN¥40.9m | CN¥48.1m |
| Operating income | CN¥1.8m | CN¥17.2m | CN¥36.2m | CN¥11.9m | CN¥67.4m | CN¥24.7m | CN¥108.9m | CN¥123.5m | CN¥130.7m | CN¥130.2m |
| Net income | −CN¥35.2m | CN¥5.7m | CN¥15.8m | CN¥7.6m | CN¥52.4m | CN¥22.9m | CN¥96.3m | CN¥104.3m | CN¥109.5m | CN¥116.4m |
| Diluted earnings per share | -0.08 | 0.01 | 0.04 | 0.02 | 0.15 | 0.04 | 0.24 | 0.28 | 0.28 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.61bn | CN¥2.60bn | CN¥2.43bn | CN¥2.21bn | CN¥2.14bn | CN¥1.53bn | CN¥1.51bn | CN¥1.26bn | CN¥1.15bn | CN¥1.07bn |
| Cash and short-term investments | — | CN¥244.3m | CN¥387.3m | CN¥617.0m | CN¥722.1m | CN¥299.7m | CN¥161.2m | CN¥80.0m | CN¥108.9m | CN¥138.4m |
| Total liabilities | CN¥905.3m | CN¥861.0m | CN¥689.3m | CN¥843.1m | CN¥761.8m | CN¥304.4m | CN¥287.5m | CN¥314.1m | CN¥294.8m | CN¥305.5m |
| Debt | CN¥203.0m | CN¥431.3m | CN¥285.9m | CN¥492.9m | CN¥459.4m | CN¥156.5m | CN¥130.0m | CN¥134.6m | CN¥114.2m | CN¥15.0m |
| Shareholders' equity | CN¥1.70bn | CN¥1.74bn | CN¥1.74bn | CN¥1.37bn | CN¥1.38bn | CN¥1.21bn | CN¥1.21bn | CN¥930.3m | CN¥846.0m | CN¥751.5m |
| Shares outstanding | 464m | 460m | 420m | 422m | 360m | 579m | 395m | 367m | 391m | 464m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥58.2m | CN¥9.6m | −CN¥62.8m | −CN¥10.4m | CN¥46.6m | CN¥44.9m | CN¥50.4m | CN¥32.0m | CN¥32.0m | CN¥685,824 |
| Capital spending | −CN¥160.0m | −CN¥239.5m | −CN¥338.5m | −CN¥101.6m | −CN¥100.7m | −CN¥36.3m | −CN¥21.0m | −CN¥22.9m | −CN¥41.9m | −CN¥4.0m |
| Free cash flow | −CN¥101.8m | −CN¥229.9m | −CN¥401.3m | −CN¥112.1m | −CN¥54.1m | CN¥8.7m | CN¥29.4m | CN¥9.1m | −CN¥9.9m | −CN¥3.4m |
| Dividends paid | −CN¥12.7m | −CN¥18.6m | −CN¥10.5m | −CN¥12.5m | −CN¥18.6m | −CN¥20.9m | −CN¥150,000 | −CN¥20.0m | −CN¥15.3m | −CN¥18.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥433.1m | CN¥328.1m | CN¥310.1m | CN¥294.8m | CN¥318.0m | CN¥261.5m | CN¥301.1m | CN¥254.6m |
| Gross profit | CN¥65.3m | CN¥25.7m | CN¥27.9m | CN¥29.7m | CN¥52.1m | CN¥30.4m | CN¥48.6m | CN¥45.7m |
| Operating income | CN¥25.4m | −CN¥7.5m | −CN¥1.7m | −CN¥8.8m | CN¥10.3m | −CN¥6.1m | CN¥1.2m | CN¥7.6m |
| Net income | CN¥9.7m | −CN¥15.9m | −CN¥20.0m | −CN¥11.4m | CN¥3.3m | −CN¥7.1m | −CN¥3.2m | CN¥1.2m |
| Diluted earnings per share | 0.02 | -0.03 | -0.04 | -0.02 | 0.01 | -0.02 | -0.01 | 0.00 |
| Cash from operations | — | — | — | −CN¥53.0m | — | CN¥17.0m | — | −CN¥13.0m |
| Capital spending | −CN¥21.0m | −CN¥32.0m | −CN¥84.0m | −CN¥61.0m | −CN¥4.0m | −CN¥17.0m | −CN¥44.0m | −CN¥23.0m |
| Free cash flow | — | — | — | −CN¥114.0m | — | CN¥0 | — | −CN¥36.0m |
| Total assets | CN¥2.65bn | CN¥2.62bn | CN¥2.61bn | CN¥2.67bn | CN¥2.65bn | CN¥2.61bn | CN¥2.60bn | CN¥2.58bn |
| Cash and short-term investments | — | — | — | CN¥166.8m | CN¥238.8m | CN¥262.8m | CN¥244.3m | CN¥275.6m |
| Debt | CN¥49.3m | CN¥226.1m | CN¥203.0m | CN¥470.6m | CN¥375.5m | CN¥407.4m | CN¥389.0m | CN¥421.1m |
| Shareholders' equity | CN¥1.89bn | CN¥1.68bn | CN¥1.70bn | CN¥1.72bn | CN¥1.73bn | CN¥1.73bn | CN¥1.74bn | CN¥1.74bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 24.3% | 15.2% | 13.0% | 10.0% | 15.4% | 12.2% | — |
| Operating margin | -0.6% | 3.0% | 2.6% | 1.1% | 6.3% | 3.7% | — |
| Net margin | -3.0% | 0.6% | 1.7% | 0.8% | 5.3% | 3.0% | — |
| Return on equity | -2.1% | 0.3% | 0.9% | 0.6% | 3.8% | 1.9% | — |
| Return on assets | -1.4% | 0.2% | 0.7% | 0.3% | 2.5% | 1.5% | — |
| Free cash flow yield | 6.1% | 7.1% | 8.6% | 2.8% | 5.3% | 1.8% | — |
| Revenue growth | 17.4% | 6.5% | 5.3% | -9.4% | 31.8% | -33.0% | — |
| Earnings growth | -722.4% | -64.3% | 109.1% | -85.5% | 129.1% | -76.2% | — |
| Current ratio | 1.57x | 1.58x | 2.18x | 3.86x | 5.19x | 3.48x | — |
| Debt to equity | 0.12x | 0.22x | 0.16x | 0.36x | 0.33x | — | 0.14x |
| Equity ratio | 65.3% | 66.9% | 71.6% | 61.9% | 64.4% | 79.4% | — |
| Interest coverage | -0.36x | 2.17x | 18.24x | 10.36x | 91.07x | 64.15x | — |
| R&D as a share of sales | 4.2% | 4.2% | 3.6% | 3.6% | 3.3% | 3.3% | — |
| Buybacks as a share of market value | -0.8% | -9.5% | 0.5% | -17.2% | 37.8% | -46.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.6% | 9.5% | 1.1% |
| Operating income | -46.9% | -41.0% | -34.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.1% | 16.2% | 15.5% | 18.7% |
| Operating margin | 0.9% | 1.7% | 2.7% | 6.9% |
| Net margin | -1.3% | -0.2% | 1.2% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -93.7 | — | 261.6 | 378.8 | 68.0 | 274.7 | 66.5 |
| Price to sales | 2.8 | 3.3 | 4.4 | 3.2 | 3.6 | 8.3 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 11 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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