Z 
11.97
-2.21%
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¥955.8m
FY2016FY2025
Net income
−CN¥27.6m
FY2016FY2025
Free cash flow
−CN¥97.3m
FY2016FY2025
Shareholders' equity
CN¥950.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥955.8m | CN¥932.8m | CN¥1.11bn | CN¥1.01bn | CN¥688.4m | CN¥469.8m | CN¥452.4m | CN¥455.9m | CN¥301.5m | CN¥224.0m |
| Gross profit | CN¥158.5m | CN¥167.1m | CN¥266.6m | CN¥242.4m | CN¥188.8m | CN¥144.3m | CN¥163.0m | CN¥167.3m | CN¥107.1m | CN¥73.9m |
| Research and development | CN¥38.8m | CN¥37.8m | CN¥42.7m | CN¥36.0m | CN¥27.7m | CN¥16.0m | CN¥15.6m | CN¥15.5m | CN¥10.8m | CN¥9.0m |
| Operating income | CN¥27.2m | CN¥16.1m | CN¥116.2m | CN¥117.9m | CN¥95.9m | CN¥68.1m | CN¥81.1m | CN¥87.2m | CN¥41.7m | CN¥24.2m |
| Net income | −CN¥27.6m | CN¥18.3m | CN¥107.1m | CN¥106.8m | CN¥85.3m | CN¥62.1m | CN¥67.8m | CN¥72.0m | CN¥31.5m | CN¥17.2m |
| Diluted earnings per share | -0.24 | 0.13 | 0.75 | 0.76 | 0.64 | 0.46 | 0.65 | 0.69 | 0.32 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.84bn | CN¥1.54bn | CN¥1.46bn | CN¥1.41bn | CN¥1.24bn | CN¥979.2m | CN¥619.1m | CN¥546.4m | CN¥473.7m | CN¥397.8m |
| Cash and short-term investments | — | CN¥92.3m | CN¥105.9m | CN¥143.5m | CN¥226.0m | CN¥121.3m | CN¥19.1m | CN¥28.4m | CN¥11.8m | CN¥6.8m |
| Total liabilities | CN¥878.6m | CN¥553.3m | CN¥448.6m | CN¥492.8m | CN¥400.2m | CN¥205.8m | CN¥232.5m | CN¥212.3m | CN¥196.5m | CN¥144.5m |
| Debt | CN¥154.8m | CN¥86.9m | CN¥36.0m | CN¥51.9m | CN¥91.9m | CN¥33.9m | CN¥60.0m | CN¥54.4m | CN¥62.4m | CN¥81.5m |
| Shareholders' equity | CN¥950.0m | CN¥995.2m | CN¥1.01bn | CN¥919.2m | CN¥838.2m | CN¥773.4m | CN¥386.7m | CN¥334.1m | CN¥277.2m | CN¥253.3m |
| Shares outstanding | 116m | 143m | 143m | 140m | 134m | 136m | 104m | 104m | 100m | 52m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥82.3m | −CN¥5.2m | CN¥13.9m | CN¥47.1m | CN¥51.2m | CN¥52.6m | CN¥37.8m | CN¥52.9m | CN¥48.2m | CN¥22.8m |
| Capital spending | −CN¥15.0m | −CN¥24.7m | −CN¥33.9m | −CN¥111.5m | −CN¥116.6m | −CN¥57.4m | −CN¥29.5m | −CN¥20.3m | −CN¥16.3m | −CN¥15.5m |
| Free cash flow | −CN¥97.3m | −CN¥29.9m | −CN¥20.0m | −CN¥64.5m | −CN¥65.4m | −CN¥4.8m | CN¥8.3m | CN¥32.6m | CN¥31.8m | CN¥7.4m |
| Dividends paid | −CN¥26.1m | −CN¥38.4m | −CN¥35.7m | −CN¥27.3m | −CN¥20.5m | −CN¥1.5m | −CN¥15.3m | −CN¥18.8m | −CN¥11.6m | −CN¥9.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥293.2m | CN¥186.9m | CN¥232.5m | CN¥316.9m | CN¥241.8m | CN¥164.6m | CN¥220.7m | CN¥256.7m |
| Gross profit | CN¥55.9m | CN¥31.3m | CN¥33.4m | CN¥56.2m | CN¥36.6m | CN¥32.3m | CN¥20.5m | CN¥39.1m |
| Operating income | CN¥21.4m | −CN¥452,691 | −CN¥5.8m | CN¥3.8m | CN¥623,014 | CN¥5.5m | −CN¥7.7m | CN¥233,457 |
| Net income | CN¥7.4m | CN¥1.3m | −CN¥38.1m | CN¥3.3m | CN¥858,234 | CN¥6.3m | −CN¥5.5m | CN¥1.3m |
| Diluted earnings per share | 0.06 | 0.01 | -0.33 | 0.03 | 0.01 | 0.05 | -0.04 | 0.01 |
| Cash from operations | — | — | — | −CN¥29.0m | −CN¥17.0m | −CN¥32.0m | CN¥64.0m | −CN¥14.0m |
| Capital spending | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥9.0m | −CN¥7.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥30.0m | −CN¥18.0m | −CN¥41.0m | CN¥57.0m | −CN¥18.0m |
| Total assets | CN¥1.83bn | CN¥1.83bn | CN¥1.84bn | CN¥1.96bn | CN¥1.93bn | CN¥1.49bn | CN¥1.54bn | CN¥1.63bn |
| Cash and short-term investments | — | — | — | CN¥86.8m | CN¥84.4m | CN¥39.3m | CN¥92.3m | CN¥69.9m |
| Debt | CN¥199.8m | CN¥164.8m | CN¥154.8m | CN¥297.9m | CN¥307.0m | CN¥186.2m | CN¥85.4m | CN¥126.1m |
| Shareholders' equity | CN¥958.6m | CN¥951.1m | CN¥950.0m | CN¥987.1m | CN¥981.8m | CN¥1.00bn | CN¥995.2m | CN¥999.8m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.6% | 17.9% | 24.0% | 23.9% | 27.4% | 30.7% |
| Operating margin | -3.3% | 2.0% | 10.8% | 12.0% | 14.1% | 15.6% |
| Net margin | -2.9% | 2.0% | 9.6% | 10.5% | 12.4% | 13.2% |
| Return on equity | -2.9% | 1.8% | 10.6% | 11.6% | 10.2% | 8.0% |
| Return on assets | -1.5% | 1.2% | 7.4% | 7.6% | 6.9% | 6.3% |
| Free cash flow yield | -4.6% | 1.1% | 2.6% | 8.8% | 9.8% | 6.3% |
| Revenue growth | 2.5% | -16.1% | 9.7% | 47.1% | 46.5% | 3.8% |
| Earnings growth | -250.6% | -82.9% | 0.2% | 25.3% | 37.3% | -8.4% |
| Current ratio | 1.72x | 1.99x | 2.36x | 2.10x | 2.10x | 3.80x |
| Debt to equity | 0.16x | 0.09x | 0.04x | 0.06x | 0.07x | 0.04x |
| Equity ratio | 51.6% | 64.6% | 69.2% | 65.1% | 67.7% | 79.0% |
| Interest coverage | -4.82x | 5.90x | 72.86x | 33.36x | 74.67x | 33.48x |
| R&D as a share of sales | 4.1% | 4.1% | 3.8% | 3.6% | 4.0% | 3.4% |
| Buybacks as a share of market value | 19.1% | -0.1% | -1.8% | -4.8% | 1.7% | -31.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | 15.3% | 15.4% |
| Operating income | -38.7% | -16.8% | 5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.2% | 20.8% | 22.6% | 25.7% |
| Operating margin | 2.3% | 6.9% | 8.5% | 10.1% |
| Net margin | -0.5% | 5.1% | 6.8% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -64.0 | 98.7 | 21.8 | 21.7 | 28.7 | 41.7 |
| Price to sales | 1.9 | 1.9 | 2.1 | 2.3 | 3.5 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 11 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.25 | 0.25 | 0.20 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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