G 
6.05
-1.47%
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¥1.74bn
FY2016FY2025
Net income
−CN¥62.6m
FY2016FY2025
Free cash flow
−CN¥80.4m
FY2016FY2025
Shareholders' equity
CN¥1.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.74bn | CN¥1.66bn | CN¥1.65bn | CN¥1.51bn | CN¥1.55bn | CN¥954.7m | CN¥1.00bn | CN¥906.5m | CN¥825.4m | CN¥628.3m |
| Gross profit | CN¥209.2m | CN¥127.2m | CN¥151.4m | CN¥115.3m | CN¥354.2m | CN¥182.6m | CN¥215.5m | CN¥192.6m | CN¥200.2m | CN¥116.0m |
| Research and development | CN¥53.2m | CN¥50.8m | CN¥50.3m | CN¥43.2m | CN¥44.0m | CN¥27.7m | CN¥29.5m | CN¥26.7m | CN¥24.6m | CN¥18.8m |
| Operating income | −CN¥41.1m | CN¥851,023 | CN¥46.6m | CN¥16.8m | CN¥251.0m | CN¥106.1m | CN¥117.4m | CN¥93.7m | CN¥106.8m | CN¥23.8m |
| Net income | −CN¥62.6m | CN¥4.4m | CN¥41.0m | CN¥14.2m | CN¥197.0m | CN¥89.1m | CN¥98.1m | CN¥81.9m | CN¥87.1m | CN¥14.6m |
| Diluted earnings per share | -0.16 | 0.01 | 0.09 | 0.07 | 0.48 | 0.22 | 0.34 | 0.27 | 0.29 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.11bn | CN¥2.79bn | CN¥2.61bn | CN¥2.45bn | CN¥1.82bn | CN¥1.39bn | CN¥991.3m | CN¥989.4m | CN¥942.5m | CN¥951.4m |
| Cash and short-term investments | — | CN¥178.0m | CN¥320.3m | CN¥604.8m | CN¥344.4m | CN¥330.7m | CN¥73.8m | CN¥39.8m | CN¥67.4m | CN¥58.5m |
| Total liabilities | CN¥1.80bn | CN¥1.44bn | CN¥1.24bn | CN¥1.10bn | CN¥515.1m | CN¥250.7m | CN¥263.2m | CN¥355.2m | CN¥360.3m | CN¥412.1m |
| Debt | CN¥781.1m | CN¥1.00bn | CN¥805.9m | CN¥723.9m | CN¥203.0m | CN¥71.3m | CN¥86.3m | CN¥157.3m | CN¥186.5m | CN¥197.0m |
| Shareholders' equity | CN¥1.28bn | CN¥1.35bn | CN¥1.38bn | CN¥1.34bn | CN¥1.31bn | CN¥1.14bn | CN¥728.1m | CN¥633.7m | CN¥581.7m | CN¥538.2m |
| Shares outstanding | 396m | 573m | 441m | 217m | 408m | 403m | 285m | 300m | 304m | 391m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥133.2m | CN¥19.8m | CN¥164.3m | CN¥1.9m | CN¥174.0m | CN¥64.6m | CN¥138.7m | CN¥66.4m | CN¥130.5m | CN¥85.3m |
| Capital spending | −CN¥213.7m | −CN¥295.6m | −CN¥533.1m | −CN¥306.0m | −CN¥258.8m | −CN¥117.8m | −CN¥37.6m | −CN¥34.1m | −CN¥49.2m | −CN¥30.4m |
| Free cash flow | −CN¥80.4m | −CN¥275.8m | −CN¥368.8m | −CN¥304.0m | −CN¥84.8m | −CN¥53.2m | CN¥101.1m | CN¥32.2m | CN¥81.3m | CN¥54.8m |
| Dividends paid | −CN¥27.7m | −CN¥28.2m | −CN¥20.8m | −CN¥40.0m | −CN¥30.0m | −CN¥2.1m | −CN¥6.8m | −CN¥38.7m | −CN¥55.3m | −CN¥9.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥442.6m | CN¥489.5m | CN¥409.1m | CN¥492.8m | CN¥353.1m | CN¥481.7m | CN¥429.9m | CN¥436.4m |
| Gross profit | CN¥67.5m | CN¥43.9m | CN¥5.9m | CN¥21.2m | CN¥26.3m | CN¥48.4m | CN¥29.1m | CN¥23.2m |
| Operating income | CN¥33.0m | CN¥15.8m | −CN¥33.3m | −CN¥19.7m | CN¥3.5m | CN¥10.0m | CN¥2.9m | −CN¥8.1m |
| Net income | CN¥15.1m | −CN¥7.6m | −CN¥51.4m | −CN¥16.3m | −CN¥5.2m | CN¥10.3m | −CN¥7.8m | −CN¥6.7m |
| Diluted earnings per share | 0.04 | -0.02 | -0.13 | -0.04 | -0.01 | 0.03 | -0.01 | -0.01 |
| Cash from operations | — | — | — | −CN¥3.0m | CN¥59.0m | −CN¥47.0m | — | CN¥52.0m |
| Capital spending | −CN¥26.0m | −CN¥13.0m | −CN¥135.0m | −CN¥16.0m | −CN¥16.0m | −CN¥44.0m | −CN¥147.0m | −CN¥36.0m |
| Free cash flow | — | — | — | −CN¥19.0m | CN¥43.0m | −CN¥91.0m | — | CN¥16.0m |
| Total assets | CN¥3.23bn | CN¥3.13bn | CN¥3.11bn | CN¥3.13bn | CN¥2.94bn | CN¥2.95bn | CN¥2.79bn | CN¥2.82bn |
| Cash and short-term investments | — | — | — | CN¥277.4m | CN¥234.6m | CN¥175.1m | CN¥178.0m | CN¥184.0m |
| Debt | CN¥802.1m | CN¥811.2m | CN¥781.1m | CN¥564.2m | CN¥1.14bn | CN¥1.13bn | CN¥1.00bn | CN¥1.02bn |
| Shareholders' equity | CN¥1.29bn | CN¥1.27bn | CN¥1.28bn | CN¥1.33bn | CN¥1.35bn | CN¥1.36bn | CN¥1.35bn | CN¥1.35bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.0% | 7.7% | 9.2% | 7.6% | 22.8% | 19.1% |
| Operating margin | -2.2% | 1.4% | 3.3% | 1.1% | 15.6% | 11.3% |
| Net margin | -3.6% | 0.3% | 2.5% | 0.9% | 12.7% | 9.3% |
| Return on equity | -4.9% | 0.3% | 3.0% | 1.1% | 15.1% | 7.8% |
| Return on assets | -2.0% | 0.2% | 1.6% | 0.6% | 10.8% | 6.4% |
| Revenue growth | 4.6% | 0.5% | 9.2% | -2.6% | 62.6% | -4.7% |
| Earnings growth | -1516.2% | -89.2% | 189.6% | -92.8% | 121.0% | -9.2% |
| Current ratio | 1.13x | 1.18x | 1.38x | 2.11x | 2.05x | 3.33x |
| Debt to equity | 0.61x | 0.74x | 0.59x | 0.54x | 0.16x | 0.05x |
| Equity ratio | 41.1% | 48.4% | 52.7% | 54.9% | 71.7% | 82.0% |
| Interest coverage | -0.95x | 0.90x | 4.43x | 1.58x | 44.71x | 31.90x |
| R&D as a share of sales | 3.1% | 3.1% | 3.0% | 2.9% | 2.8% | 2.9% |
| Buybacks as a share of market value | 30.9% | -29.9% | -103.7% | 46.9% | -1.1% | -41.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | 12.7% | 11.8% |
| Operating income | — | — | 6.6% |
| Net income | — | — | 16.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.9% | 9.2% | 12.6% | 14.9% |
| Operating margin | -1.2% | 0.4% | 4.2% | 5.4% |
| Net margin | -1.7% | -0.0% | 3.1% | 4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -55.7 | — | 104.3 | 147.3 | 33.2 | 80.7 |
| Price to sales | 2.0 | 2.8 | 2.6 | 1.4 | 4.2 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.03 | 0.02 | 0.10 | 0.075 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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