J 
8.01
+0.25%
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¥18.96bn
FY2016FY2025
Net income
−CN¥279.8m
FY2016FY2025
Free cash flow
−CN¥154.3m
FY2016FY2025
Shareholders' equity
CN¥1.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥18.96bn | CN¥20.84bn | CN¥21.89bn | CN¥18.71bn | CN¥16.41bn | CN¥14.39bn | CN¥15.55bn | CN¥9.90bn | CN¥7.52bn | CN¥7.45bn |
| Gross profit | CN¥921.4m | CN¥783.8m | CN¥348.9m | CN¥461.7m | CN¥498.4m | CN¥459.6m | CN¥855.5m | CN¥500.0m | CN¥332.7m | CN¥450.0m |
| Research and development | CN¥33.0m | CN¥18.1m | CN¥16.7m | CN¥27.0m | CN¥21.8m | CN¥10.8m | CN¥4.8m | CN¥5.9m | CN¥5.9m | CN¥3.9m |
| Operating income | −CN¥43.9m | CN¥186.9m | −CN¥99.1m | CN¥55.3m | CN¥165.0m | CN¥175.8m | CN¥411.5m | CN¥182.7m | CN¥82.6m | CN¥218.3m |
| Net income | −CN¥279.8m | CN¥100.2m | −CN¥171.0m | CN¥52.2m | CN¥117.1m | CN¥144.2m | CN¥376.1m | CN¥159.0m | CN¥78.8m | CN¥183.2m |
| Diluted earnings per share | -0.62 | 0.19 | -0.38 | 0.11 | 0.27 | 0.32 | 0.93 | 0.35 | 0.18 | 0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.48bn | CN¥4.82bn | CN¥4.69bn | CN¥4.90bn | CN¥3.98bn | CN¥2.78bn | CN¥2.48bn | CN¥1.97bn | CN¥1.64bn | CN¥1.31bn |
| Cash and short-term investments | — | CN¥283.9m | CN¥488.2m | CN¥352.3m | CN¥420.7m | CN¥426.3m | CN¥464.0m | CN¥193.2m | CN¥318.0m | CN¥216.3m |
| Total liabilities | CN¥2.92bn | CN¥2.96bn | CN¥2.87bn | CN¥2.88bn | CN¥2.45bn | CN¥1.30bn | CN¥1.04bn | CN¥878.9m | CN¥702.0m | CN¥769.2m |
| Debt | CN¥22.7m | CN¥1.49bn | CN¥1.80bn | CN¥1.69bn | CN¥1.59bn | CN¥574.1m | CN¥241.0m | CN¥328.4m | CN¥269.5m | CN¥318.5m |
| Shareholders' equity | CN¥1.53bn | CN¥1.76bn | CN¥1.76bn | CN¥1.96bn | CN¥1.48bn | CN¥1.41bn | CN¥1.32bn | CN¥975.8m | CN¥854.7m | CN¥465.9m |
| Shares outstanding | 449m | 539m | 449m | 464m | 428m | 449m | 403m | 449m | 449m | 449m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥335.7m | CN¥941.8m | CN¥632.6m | −CN¥165.4m | CN¥127.7m | CN¥299.3m | CN¥711.3m | CN¥238.8m | CN¥100.2m | CN¥347.9m |
| Capital spending | −CN¥490.0m | −CN¥574.9m | −CN¥450.3m | −CN¥351.6m | −CN¥549.3m | −CN¥570.6m | −CN¥367.7m | −CN¥240.1m | −CN¥236.5m | −CN¥237.3m |
| Free cash flow | −CN¥154.3m | CN¥366.9m | CN¥182.4m | −CN¥517.0m | −CN¥421.6m | −CN¥271.3m | CN¥343.6m | −CN¥1.3m | −CN¥136.3m | CN¥110.6m |
| Dividends paid | −CN¥72.6m | −CN¥77.7m | −CN¥76.7m | −CN¥23.4m | −CN¥65.8m | −CN¥98.3m | −CN¥43.4m | −CN¥45.8m | −CN¥49.9m | −CN¥23.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.37bn | CN¥4.53bn | CN¥5.28bn | CN¥4.93bn | CN¥4.61bn | CN¥4.14bn | CN¥5.47bn | CN¥5.30bn |
| Gross profit | CN¥188.2m | CN¥206.2m | CN¥203.7m | CN¥164.0m | −CN¥30.4m | CN¥109.0m | CN¥33.1m | CN¥301.6m |
| Operating income | CN¥51.5m | CN¥86.8m | CN¥67.9m | −CN¥109.0m | −CN¥91.6m | −CN¥55.3m | −CN¥25.3m | CN¥48.8m |
| Net income | CN¥2.4m | CN¥31.3m | CN¥8.5m | −CN¥107.0m | −CN¥110.0m | −CN¥71.2m | −CN¥40.8m | CN¥24.1m |
| Diluted earnings per share | 0.01 | 0.07 | 0.02 | -0.24 | -0.25 | -0.16 | -0.08 | 0.04 |
| Cash from operations | — | — | — | CN¥342.0m | −CN¥193.0m | −CN¥81.0m | — | CN¥200.0m |
| Capital spending | −CN¥102.0m | −CN¥88.0m | −CN¥103.0m | −CN¥140.0m | −CN¥73.0m | −CN¥172.0m | −CN¥114.0m | −CN¥103.0m |
| Free cash flow | — | — | — | CN¥202.0m | −CN¥266.0m | −CN¥253.0m | — | CN¥97.0m |
| Total assets | CN¥5.12bn | CN¥4.99bn | CN¥4.48bn | CN¥5.07bn | CN¥5.05bn | CN¥5.47bn | CN¥4.82bn | CN¥5.05bn |
| Cash and short-term investments | — | — | — | CN¥523.1m | CN¥398.1m | CN¥441.6m | CN¥283.9m | CN¥611.4m |
| Debt | CN¥79.4m | CN¥22.3m | CN¥22.7m | CN¥1.89bn | CN¥1.79bn | CN¥1.46bn | CN¥916.7m | CN¥1.09bn |
| Shareholders' equity | CN¥1.57bn | CN¥1.57bn | CN¥1.53bn | CN¥1.47bn | CN¥1.57bn | CN¥1.70bn | CN¥1.76bn | CN¥1.83bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.4% | 3.8% | 1.6% | 2.5% | 3.0% | 3.2% |
| Operating margin | -1.1% | 1.2% | -0.4% | 0.7% | 1.0% | 1.6% |
| Net margin | -1.5% | 0.5% | -0.8% | 0.3% | 0.7% | 1.0% |
| Return on equity | -18.3% | 5.7% | -9.7% | 2.7% | 7.9% | 10.2% |
| Return on assets | -6.2% | 2.1% | -3.6% | 1.1% | 2.9% | 5.2% |
| Free cash flow yield | 20.6% | 31.5% | 27.0% | 4.5% | 17.7% | 21.7% |
| Revenue growth | -9.0% | -4.8% | 17.0% | 14.0% | 14.1% | -7.5% |
| Earnings growth | -379.3% | -158.6% | -427.6% | -55.5% | -18.8% | -61.7% |
| Current ratio | 0.64x | 0.89x | 0.96x | 1.14x | 0.90x | 0.87x |
| Debt to equity | 0.01x | 0.52x | 0.74x | 0.59x | 0.75x | 0.40x |
| Equity ratio | 34.1% | 36.6% | 37.4% | 39.9% | 37.3% | 50.6% |
| Interest coverage | -3.20x | 3.50x | -1.37x | 1.74x | 3.18x | 10.17x |
| R&D as a share of sales | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 16.8% | -20.1% | 3.2% | -8.3% | 4.6% | -11.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 5.7% | 11.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.3% | 3.1% | 3.1% | 3.7% |
| Operating margin | 0.4% | 0.1% | 0.4% | 0.9% |
| Net margin | -0.5% | -0.4% | -0.0% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -17.6 | 66.5 | -33.7 | 152.0 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 27 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.07 | 0.079 | 0.05 | 0.052 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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