H 
14.20
+1.07%
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¥723.1m
FY2017FY2025
Net income
−CN¥35.1m
FY2017FY2025
Free cash flow
−CN¥37.7m
FY2017FY2025
Shareholders' equity
CN¥907.4m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥723.1m | CN¥604.9m | CN¥700.7m | CN¥845.1m | CN¥1.15bn | CN¥1.09bn | CN¥912.0m | CN¥881.2m | CN¥810.8m |
| Gross profit | CN¥273.8m | CN¥241.4m | CN¥261.7m | CN¥305.5m | CN¥415.0m | CN¥388.3m | CN¥326.9m | CN¥317.4m | CN¥293.8m |
| Research and development | CN¥21.4m | CN¥20.8m | CN¥22.7m | CN¥43.1m | CN¥46.3m | CN¥40.8m | CN¥35.6m | CN¥31.2m | CN¥29.3m |
| Operating income | CN¥156.4m | CN¥5.5m | CN¥24.7m | CN¥62.6m | CN¥150.4m | CN¥147.6m | CN¥116.6m | CN¥108.8m | CN¥103.3m |
| Net income | −CN¥35.1m | −CN¥13.8m | CN¥19.8m | CN¥54.7m | CN¥127.5m | CN¥121.4m | CN¥94.1m | CN¥73.7m | CN¥68.6m |
| Diluted earnings per share | -0.28 | -0.08 | 0.15 | 0.35 | 0.87 | 1.09 | 0.88 | 0.58 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.17bn | CN¥2.21bn | CN¥1.97bn | CN¥1.86bn | CN¥1.79bn | CN¥1.27bn | CN¥1.03bn | CN¥1.02bn | CN¥1.17bn |
| Cash and short-term investments | — | CN¥631.6m | CN¥674.0m | CN¥785.1m | CN¥910.8m | CN¥645.4m | CN¥461.1m | CN¥353.6m | CN¥455.2m |
| Total liabilities | CN¥1.24bn | CN¥1.25bn | CN¥985.9m | CN¥893.8m | CN¥868.2m | CN¥834.2m | CN¥716.2m | CN¥631.6m | CN¥767.2m |
| Debt | CN¥178.4m | CN¥328.8m | CN¥230.7m | CN¥132.5m | CN¥174.8m | CN¥150.2m | CN¥130.2m | CN¥90.0m | CN¥120.0m |
| Shareholders' equity | CN¥907.4m | CN¥942.6m | CN¥962.1m | CN¥951.3m | CN¥919.8m | CN¥422.8m | CN¥301.4m | CN¥377.3m | CN¥340.1m |
| Shares outstanding | 126m | 173m | 131m | 157m | 146m | 111m | 108m | 126m | 126m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥66.6m | CN¥73.6m | CN¥30.2m | −CN¥73.8m | −CN¥44.6m | CN¥127.7m | CN¥176.2m | −CN¥93.6m | CN¥203.4m |
| Capital spending | −CN¥104.3m | −CN¥253.1m | −CN¥143.8m | −CN¥51.1m | −CN¥13.0m | −CN¥20.0m | −CN¥10.0m | −CN¥16.4m | −CN¥16.8m |
| Free cash flow | −CN¥37.7m | −CN¥179.5m | −CN¥113.6m | −CN¥124.9m | −CN¥57.6m | CN¥107.7m | CN¥166.2m | −CN¥110.0m | CN¥186.6m |
| Dividends paid | −CN¥11.0m | −CN¥12.7m | −CN¥10.7m | −CN¥23.7m | −CN¥4.1m | −CN¥29.1m | −CN¥216.3m | −CN¥32.8m | −CN¥35.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥107.7m | CN¥68.4m | CN¥339.8m | CN¥177.2m | CN¥111.0m | CN¥95.2m | CN¥297.4m | CN¥113.5m |
| Gross profit | CN¥39.5m | CN¥22.6m | CN¥134.6m | CN¥65.7m | CN¥39.2m | CN¥34.3m | CN¥132.9m | CN¥41.5m |
| Operating income | CN¥16.1m | −CN¥1.2m | CN¥88.5m | CN¥33.2m | −CN¥9.9m | −CN¥6.4m | CN¥19.1m | −CN¥1.4m |
| Net income | −CN¥10.4m | −CN¥8.2m | −CN¥45.0m | CN¥27.9m | −CN¥8.8m | −CN¥9.1m | CN¥9.7m | −CN¥2.8m |
| Diluted earnings per share | -0.08 | -0.06 | -0.36 | 0.22 | -0.07 | -0.07 | 0.06 | -0.02 |
| Cash from operations | — | — | — | CN¥114.0m | CN¥20.0m | −CN¥82.0m | — | −CN¥14.0m |
| Capital spending | −CN¥5.0m | −CN¥2.0m | −CN¥10.0m | −CN¥26.0m | −CN¥34.0m | −CN¥32.0m | −CN¥95.0m | −CN¥39.0m |
| Free cash flow | — | — | — | CN¥88.0m | −CN¥14.0m | −CN¥114.0m | — | −CN¥53.0m |
| Total assets | CN¥2.07bn | CN¥2.05bn | CN¥2.17bn | CN¥2.12bn | CN¥2.08bn | CN¥2.05bn | CN¥2.21bn | CN¥1.98bn |
| Cash and short-term investments | — | — | — | CN¥543.3m | CN¥488.4m | CN¥482.6m | CN¥631.6m | CN¥521.9m |
| Debt | CN¥168.7m | CN¥174.0m | CN¥178.4m | CN¥95.9m | CN¥256.8m | CN¥238.9m | CN¥293.1m | CN¥271.8m |
| Shareholders' equity | CN¥888.8m | CN¥899.2m | CN¥907.4m | CN¥952.5m | CN¥924.6m | CN¥933.5m | CN¥942.6m | CN¥940.7m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 37.9% | 39.9% | 37.3% | 36.1% | 35.9% | 35.6% |
| Operating margin | -1.2% | 0.9% | 4.3% | 8.4% | 13.8% | 14.6% |
| Net margin | -4.9% | -2.3% | 2.8% | 6.5% | 11.0% | 11.1% |
| Return on equity | -3.9% | -1.5% | 2.1% | 5.8% | 13.9% | 28.7% |
| Return on assets | -1.6% | -0.6% | 1.0% | 2.9% | 7.1% | 9.6% |
| Free cash flow yield | 9.1% | 12.8% | 9.0% | -1.0% | -1.5% | 9.0% |
| Revenue growth | 19.5% | -13.7% | -17.1% | -26.8% | 5.8% | 19.7% |
| Earnings growth | 154.6% | -169.8% | -63.9% | -57.1% | 5.0% | 29.0% |
| Current ratio | 1.61x | 1.56x | 1.74x | 1.88x | 1.87x | 1.33x |
| Debt to equity | 0.20x | 0.31x | 0.22x | 0.12x | 0.17x | 0.36x |
| Equity ratio | 41.8% | 42.6% | 48.9% | 51.3% | 51.3% | 33.4% |
| Interest coverage | -0.43x | 0.38x | 5.08x | 14.76x | 31.69x | 13.25x |
| R&D as a share of sales | 3.0% | 3.4% | 3.2% | 5.1% | 4.0% | 3.7% |
| Buybacks as a share of market value | 27.0% | -32.6% | 16.9% | -7.4% | -31.6% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.1% | -7.9% | — |
| Operating income | 35.7% | 1.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.8% | 37.7% | 36.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -66.2 | -201.5 | 82.7 | 38.8 | 19.6 |
| Price to sales | 3.2 | 4.6 | 2.3 | 2.5 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jun 2024.
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.013 | 0.035 | 0.161 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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