J 
22.88
-2.26%
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¥1.14bn
FY2017FY2025
Net income
−CN¥37.2m
FY2017FY2025
Free cash flow
−CN¥43.1m
FY2017FY2025
Shareholders' equity
CN¥870.0m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.14bn | CN¥923.0m | CN¥1.02bn | CN¥1.05bn | CN¥1.16bn | CN¥968.6m | CN¥785.7m | CN¥718.0m | CN¥533.0m |
| Gross profit | CN¥190.3m | CN¥179.5m | CN¥243.7m | CN¥247.9m | CN¥271.7m | CN¥240.2m | CN¥221.0m | CN¥179.5m | CN¥131.0m |
| Research and development | CN¥34.0m | CN¥34.3m | CN¥35.5m | CN¥21.5m | CN¥22.0m | CN¥18.5m | CN¥18.2m | CN¥14.4m | CN¥10.1m |
| Operating income | −CN¥26.2m | −CN¥11.8m | CN¥38.7m | CN¥80.7m | CN¥124.8m | CN¥116.9m | CN¥83.9m | CN¥51.3m | CN¥23.1m |
| Net income | −CN¥37.2m | −CN¥23.7m | CN¥40.2m | CN¥69.7m | CN¥97.2m | CN¥93.4m | CN¥63.3m | CN¥42.9m | CN¥18.7m |
| Diluted earnings per share | -0.36 | -0.38 | 0.40 | 0.68 | 0.96 | 1.26 | 0.72 | 0.41 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.86bn | CN¥1.80bn | CN¥1.69bn | CN¥1.54bn | CN¥1.36bn | CN¥873.9m | CN¥697.1m | CN¥639.1m | CN¥516.0m |
| Cash and short-term investments | — | CN¥144.6m | CN¥193.9m | CN¥157.3m | CN¥218.1m | CN¥89.8m | CN¥111.1m | CN¥41.4m | CN¥18.7m |
| Total liabilities | CN¥985.9m | CN¥868.9m | CN¥698.7m | CN¥551.8m | CN¥400.8m | CN¥345.1m | CN¥261.6m | CN¥270.6m | CN¥190.4m |
| Debt | CN¥429.4m | CN¥579.7m | CN¥395.1m | CN¥253.9m | CN¥169.2m | CN¥116.2m | CN¥100.2m | CN¥120.0m | CN¥98.8m |
| Shareholders' equity | CN¥870.0m | CN¥935.3m | CN¥994.3m | CN¥988.5m | CN¥957.1m | CN¥528.8m | CN¥435.4m | CN¥368.5m | CN¥325.6m |
| Shares outstanding | 104m | 62m | 99m | 102m | 101m | 74m | 88m | 104m | 104m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥43.9m | CN¥38.4m | CN¥172.9m | CN¥149.5m | CN¥99.9m | CN¥75.5m | CN¥168.1m | CN¥40.4m | CN¥58.2m |
| Capital spending | −CN¥87.0m | −CN¥238.8m | −CN¥250.3m | −CN¥249.9m | −CN¥286.9m | −CN¥103.5m | −CN¥75.1m | −CN¥34.0m | −CN¥67.1m |
| Free cash flow | −CN¥43.1m | −CN¥200.4m | −CN¥77.4m | −CN¥100.4m | −CN¥186.9m | −CN¥28.1m | CN¥93.0m | CN¥6.4m | −CN¥8.9m |
| Dividends paid | −CN¥50.9m | −CN¥55.6m | −CN¥47.9m | −CN¥38.3m | −CN¥41.3m | −CN¥4.4m | −CN¥6.7m | −CN¥5.5m | −CN¥6.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥321.2m | CN¥301.4m | CN¥278.2m | CN¥346.0m | CN¥295.0m | CN¥218.6m | CN¥232.1m | CN¥269.0m |
| Gross profit | CN¥54.7m | CN¥51.4m | CN¥48.1m | CN¥66.2m | CN¥45.2m | CN¥30.8m | CN¥35.6m | CN¥63.2m |
| Operating income | −CN¥1.0m | −CN¥236,882 | −CN¥6.5m | CN¥2.6m | −CN¥15.8m | −CN¥24.8m | −CN¥13.0m | CN¥6.4m |
| Net income | −CN¥4.9m | −CN¥4.2m | −CN¥7.7m | CN¥2.6m | −CN¥12.2m | −CN¥19.9m | −CN¥25.9m | CN¥7.7m |
| Diluted earnings per share | -0.05 | -0.04 | -0.07 | 0.03 | -0.12 | -0.19 | -0.42 | 0.12 |
| Cash from operations | — | — | — | −CN¥45.0m | −CN¥3.0m | CN¥18.0m | CN¥17.0m | — |
| Capital spending | −CN¥21.0m | −CN¥59.0m | −CN¥10.0m | −CN¥25.0m | −CN¥20.0m | −CN¥30.0m | −CN¥39.0m | −CN¥29.0m |
| Free cash flow | — | — | — | −CN¥70.0m | −CN¥23.0m | −CN¥12.0m | −CN¥22.0m | — |
| Total assets | CN¥1.91bn | CN¥1.85bn | CN¥1.86bn | CN¥1.92bn | CN¥1.90bn | CN¥1.82bn | CN¥1.80bn | CN¥1.81bn |
| Cash and short-term investments | — | — | — | CN¥75.0m | CN¥154.6m | CN¥180.5m | CN¥144.6m | CN¥147.5m |
| Debt | CN¥428.5m | CN¥441.4m | CN¥429.4m | CN¥264.5m | CN¥608.9m | CN¥668.8m | CN¥575.6m | CN¥552.1m |
| Shareholders' equity | CN¥860.8m | CN¥865.8m | CN¥870.0m | CN¥877.6m | CN¥875.0m | CN¥915.4m | CN¥935.3m | CN¥961.3m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.7% | 19.4% | 24.0% | 23.6% | 23.4% | 24.8% |
| Operating margin | -2.3% | -1.2% | 4.7% | 8.3% | 10.9% | 12.6% |
| Net margin | -3.3% | -2.6% | 4.0% | 6.6% | 8.4% | 9.6% |
| Return on equity | -4.3% | -2.5% | 4.0% | 7.1% | 10.2% | 17.7% |
| Return on assets | -2.0% | -1.3% | 2.4% | 4.5% | 7.2% | 10.7% |
| Free cash flow yield | — | 2.4% | 6.7% | — | — | — |
| Revenue growth | 23.3% | -9.1% | -3.4% | -9.4% | 19.9% | 23.3% |
| Earnings growth | 56.8% | -159.0% | -42.4% | -28.3% | 4.0% | 47.5% |
| Current ratio | 1.24x | 1.39x | 1.47x | 1.45x | 2.01x | 1.56x |
| Debt to equity | 0.49x | 0.62x | 0.38x | 0.25x | 0.13x | 0.22x |
| Equity ratio | 46.9% | 51.8% | 58.7% | 64.2% | 70.5% | 60.5% |
| Interest coverage | -1.13x | -0.86x | 4.99x | 12.71x | 16.85x | 26.07x |
| R&D as a share of sales | 3.0% | 3.7% | 3.5% | 2.0% | 1.9% | 1.9% |
| Buybacks as a share of market value | -67.1% | 37.2% | 2.4% | -0.8% | -36.9% | 16.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | 3.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.9% | 20.9% | 21.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -116.5 | -41.6 | 54.7 | 35.5 | 34.2 |
| Price to sales | 3.8 | 1.1 | 2.2 | 2.4 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 7 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.28 | 0.35 | 0.35 | 0.38 | 0.41 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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