H 
18.02
+6.00%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥301.2m
FY2016FY2025
Net income
−CN¥61.2m
FY2016FY2025
Free cash flow
CN¥18.9m
FY2016FY2025
Shareholders' equity
CN¥955.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥301.2m | CN¥431.4m | CN¥475.9m | CN¥505.7m | CN¥628.9m | CN¥705.5m | CN¥879.6m | CN¥867.6m | CN¥864.3m | CN¥893.6m |
| Gross profit | CN¥34.2m | CN¥54.4m | CN¥67.5m | CN¥32.2m | CN¥109.0m | CN¥145.5m | CN¥208.3m | CN¥199.3m | CN¥203.9m | CN¥197.4m |
| Research and development | CN¥12.8m | CN¥20.2m | CN¥19.4m | CN¥18.2m | CN¥23.2m | CN¥24.2m | CN¥28.2m | CN¥30.2m | CN¥31.8m | CN¥32.0m |
| Operating income | −CN¥77.3m | −CN¥21.1m | CN¥46.8m | −CN¥29.0m | CN¥6.6m | CN¥46.6m | CN¥107.0m | CN¥108.6m | CN¥79.4m | CN¥102.1m |
| Net income | −CN¥61.2m | −CN¥19.4m | CN¥41.3m | −CN¥27.2m | CN¥8.3m | CN¥38.3m | CN¥79.1m | CN¥89.0m | CN¥63.8m | CN¥82.5m |
| Diluted earnings per share | -0.38 | -0.12 | 0.26 | -0.17 | 0.05 | 0.23 | 0.59 | 0.75 | 0.40 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.19bn | CN¥1.26bn | CN¥1.36bn | CN¥1.38bn | CN¥1.42bn | CN¥1.39bn | CN¥1.46bn | CN¥903.3m | CN¥900.8m | CN¥778.8m |
| Cash and short-term investments | — | CN¥150.7m | CN¥119.4m | CN¥64.0m | CN¥118.0m | CN¥177.2m | CN¥429.2m | CN¥74.6m | CN¥85.0m | CN¥46.8m |
| Total liabilities | CN¥230.7m | CN¥252.1m | CN¥308.7m | CN¥324.4m | CN¥334.3m | CN¥310.7m | CN¥411.1m | CN¥325.1m | CN¥411.6m | CN¥353.4m |
| Debt | CN¥86.5m | CN¥128.6m | CN¥212.7m | CN¥206.5m | CN¥212.8m | CN¥181.8m | CN¥255.6m | CN¥169.5m | CN¥153.0m | CN¥139.5m |
| Shareholders' equity | CN¥955.9m | CN¥1.01bn | CN¥1.05bn | CN¥1.05bn | CN¥1.08bn | CN¥1.08bn | CN¥1.05bn | CN¥578.2m | CN¥489.2m | CN¥425.4m |
| Shares outstanding | 160m | 160m | 160m | 160m | 160m | 163m | 133m | 118m | 160m | 160m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥26.5m | CN¥173.3m | CN¥69.9m | CN¥96.9m | CN¥13.8m | CN¥106.9m | CN¥26.7m | CN¥90.5m | CN¥152.4m | CN¥72.9m |
| Capital spending | −CN¥7.6m | −CN¥44.7m | −CN¥100.8m | −CN¥131.3m | −CN¥133.0m | −CN¥197.2m | −CN¥146.2m | −CN¥112.3m | −CN¥128.9m | −CN¥37.0m |
| Free cash flow | CN¥18.9m | CN¥128.6m | −CN¥30.9m | −CN¥34.5m | −CN¥119.2m | −CN¥90.3m | −CN¥119.5m | −CN¥21.8m | CN¥23.4m | CN¥35.9m |
| Dividends paid | −CN¥3.8m | −CN¥33.5m | −CN¥44.2m | −CN¥7.5m | −CN¥4.8m | −CN¥10.9m | −CN¥9.9m | −CN¥8.0m | −CN¥7.8m | −CN¥81.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥78.1m | CN¥70.3m | CN¥75.5m | CN¥67.5m | CN¥92.5m | CN¥65.7m | CN¥114.3m | CN¥92.8m |
| Gross profit | CN¥10.7m | CN¥5.6m | CN¥5.2m | CN¥6.5m | CN¥10.4m | CN¥12.2m | CN¥12.4m | CN¥12.1m |
| Operating income | −CN¥12.2m | −CN¥14.4m | −CN¥17.9m | −CN¥23.1m | −CN¥20.8m | −CN¥12.8m | −CN¥2.3m | −CN¥14.3m |
| Net income | −CN¥9.9m | −CN¥17.1m | −CN¥13.7m | −CN¥20.6m | −CN¥14.8m | −CN¥12.1m | −CN¥3.7m | −CN¥12.4m |
| Diluted earnings per share | -0.06 | -0.11 | -0.09 | -0.13 | -0.09 | -0.08 | -0.02 | -0.08 |
| Cash from operations | — | — | — | CN¥10.0m | CN¥13.0m | — | — | CN¥29.0m |
| Capital spending | −CN¥1.0m | −CN¥2.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥3.0m | −CN¥5.0m | −CN¥7.0m |
| Free cash flow | — | — | — | CN¥9.0m | CN¥12.0m | — | — | CN¥22.0m |
| Total assets | CN¥1.13bn | CN¥1.16bn | CN¥1.19bn | CN¥1.17bn | CN¥1.21bn | CN¥1.24bn | CN¥1.26bn | CN¥1.25bn |
| Cash and short-term investments | — | — | — | CN¥125.3m | CN¥123.6m | CN¥109.5m | CN¥150.7m | CN¥81.5m |
| Debt | CN¥81.5m | CN¥81.5m | CN¥86.5m | CN¥20.9m | CN¥118.3m | CN¥137.7m | CN¥118.2m | CN¥118.2m |
| Shareholders' equity | CN¥929.0m | CN¥938.9m | CN¥955.9m | CN¥969.6m | CN¥990.2m | CN¥998.4m | CN¥1.01bn | CN¥1.01bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.4% | 12.6% | 14.2% | 6.4% | 17.3% | 20.6% |
| Operating margin | -25.6% | -4.6% | 10.6% | -5.6% | 2.3% | 7.4% |
| Net margin | -20.3% | -4.5% | 8.7% | -5.4% | 1.3% | 5.4% |
| Return on equity | -6.4% | -1.9% | 3.9% | -2.6% | 0.8% | 3.6% |
| Return on assets | -5.2% | -1.5% | 3.0% | -2.0% | 0.6% | 2.8% |
| Free cash flow yield | 1.2% | 7.4% | 5.8% | 7.7% | 5.0% | 10.1% |
| Revenue growth | -30.2% | -9.4% | -5.9% | -19.6% | -10.9% | -19.8% |
| Earnings growth | 215.9% | -146.9% | -251.7% | -426.9% | -78.3% | -51.6% |
| Current ratio | 2.39x | 3.37x | 2.77x | 2.23x | 2.55x | 3.05x |
| Debt to equity | 0.09x | 0.13x | 0.20x | 0.16x | 0.16x | 0.15x |
| Equity ratio | 80.6% | 80.0% | 77.3% | 76.4% | 76.3% | 77.5% |
| Interest coverage | -17.70x | -4.81x | 12.11x | -3.65x | 1.79x | 5.89x |
| R&D as a share of sales | 4.3% | 4.7% | 4.1% | 3.6% | 3.7% | 3.4% |
| Buybacks as a share of market value | -0.3% | 0.3% | 0.0% | -0.3% | 2.3% | -22.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.9% | -15.7% | -10.0% |
| Operating income | 38.7% | — | — |
| Net income | 31.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.1% | 11.0% | 14.5% | 19.4% |
| Operating margin | -13.4% | -4.7% | -0.9% | 6.1% |
| Net margin | -11.0% | -3.9% | -0.6% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -78.7 | -189.3 | 60.4 | -75.7 | 275.9 | 70.0 | 41.2 |
| Price to sales | 16.0 | 8.5 | 5.2 | 4.1 | 3.7 | 3.8 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 May 2024.
| FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.188 | 0.25 | 0.03 | 0.068 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.