C 
3.17
+0.32%
Close of 9 Nov 2026, in HKD
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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¥1.20bn
FY2016FY2025
Free cash flow
−CN¥317.9m
FY2016FY2025
Shareholders' equity
CN¥2.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.74bn | CN¥1.65bn | CN¥2.41bn | CN¥2.71bn | CN¥2.67bn | CN¥2.16bn | CN¥1.91bn | CN¥1.34bn | CN¥1.27bn | CN¥1.12bn |
| Gross profit | CN¥439.7m | CN¥597.9m | CN¥930.6m | CN¥917.5m | CN¥1.04bn | CN¥902.9m | CN¥890.5m | CN¥685.9m | CN¥720.1m | CN¥578.8m |
| Research and development | — | CN¥175,000 | CN¥4.5m | CN¥97.7m | CN¥104.8m | CN¥68.6m | CN¥69.3m | CN¥55.3m | CN¥62.3m | CN¥36.2m |
| Operating income | −CN¥1.12bn | CN¥212.5m | CN¥290.4m | CN¥184.3m | CN¥419.7m | CN¥368.9m | CN¥348.2m | CN¥332.6m | CN¥366.1m | CN¥292.7m |
| Net income | −CN¥1.20bn | CN¥18.4m | CN¥170.7m | CN¥56.3m | CN¥214.0m | CN¥136.0m | CN¥190.7m | CN¥148.6m | CN¥151.7m | CN¥107.3m |
| Diluted earnings per share | -1.11 | 0.02 | 0.16 | 0.05 | 0.20 | 0.13 | 0.18 | 0.16 | 0.17 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.93bn | CN¥7.34bn | CN¥7.00bn | CN¥7.52bn | CN¥7.36bn | CN¥6.40bn | CN¥6.37bn | CN¥5.84bn | CN¥5.34bn | CN¥5.07bn |
| Cash and short-term investments | CN¥2.11bn | CN¥471.3m | CN¥474.8m | CN¥519.4m | CN¥620.2m | CN¥497.2m | CN¥378.3m | CN¥356.9m | CN¥204.7m | CN¥327.5m |
| Total liabilities | CN¥5.10bn | CN¥3.37bn | CN¥3.07bn | CN¥3.72bn | CN¥3.66bn | CN¥2.97bn | CN¥3.15bn | CN¥2.75bn | CN¥2.42bn | CN¥2.42bn |
| Debt | CN¥2.58bn | CN¥2.20bn | CN¥1.56bn | CN¥1.68bn | CN¥1.41bn | CN¥1.47bn | CN¥1.53bn | CN¥1.34bn | CN¥1.18bn | CN¥1.17bn |
| Shareholders' equity | CN¥2.45bn | CN¥3.66bn | CN¥3.65bn | CN¥3.47bn | CN¥3.40bn | CN¥3.18bn | CN¥3.03bn | CN¥2.94bn | CN¥2.79bn | CN¥2.56bn |
| Shares outstanding | 1,080m | 1,080m | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m | 918m | 893m | 1,019m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥111.8m | CN¥188.7m | CN¥250.0m | CN¥151.3m | CN¥323.3m | CN¥169.9m | CN¥377.0m | CN¥226.8m | CN¥77.1m | CN¥169.3m |
| Capital spending | −CN¥429.7m | −CN¥526.7m | −CN¥187.4m | −CN¥198.2m | −CN¥132.0m | −CN¥200.5m | −CN¥356.9m | −CN¥290.5m | −CN¥245.9m | −CN¥742.6m |
| Free cash flow | −CN¥317.9m | −CN¥338.1m | CN¥62.7m | −CN¥46.9m | CN¥191.3m | −CN¥30.6m | CN¥20.0m | −CN¥63.7m | −CN¥168.8m | −CN¥573.2m |
| Dividends paid | −CN¥10.4m | −CN¥34.9m | — | — | — | −CN¥43.8m | −CN¥4.9m | −CN¥4.6m | −CN¥3.5m | −CN¥4.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥932.5m | CN¥1.37bn | CN¥371.8m | CN¥902.0m | CN¥751.0m | CN¥1.26bn | CN¥733.7m | CN¥939.0m |
| Gross profit | CN¥272.2m | CN¥323.8m | CN¥115.9m | CN¥292.3m | CN¥305.6m | CN¥470.0m | CN¥274.0m | CN¥382.6m |
| Operating income | CN¥37.2m | −CN¥1.14bn | CN¥19.7m | CN¥39.8m | CN¥109.2m | CN¥109.4m | CN¥38.1m | CN¥155.6m |
| Net income | −CN¥35.0m | −CN¥1.19bn | −CN¥4.7m | −CN¥26.0m | CN¥44.3m | CN¥81.0m | CN¥48.7m | CN¥73.2m |
| Diluted earnings per share | -0.03 | -1.11 | -0.00 | -0.02 | 0.04 | 0.07 | 0.05 | 0.07 |
| Cash from operations | — | CN¥105.0m | CN¥8.0m | CN¥85.0m | CN¥18.0m | CN¥120.0m | CN¥120.0m | CN¥9.0m |
| Capital spending | — | −CN¥161.0m | −CN¥302.0m | −CN¥225.0m | −CN¥75.0m | −CN¥114.0m | −CN¥57.0m | −CN¥22.0m |
| Free cash flow | — | −CN¥56.0m | −CN¥294.0m | −CN¥140.0m | −CN¥57.0m | CN¥6.0m | CN¥63.0m | −CN¥13.0m |
| Total assets | CN¥7.90bn | CN¥7.93bn | CN¥7.36bn | CN¥7.34bn | CN¥6.84bn | CN¥7.00bn | CN¥7.00bn | CN¥7.51bn |
| Cash and short-term investments | CN¥2.11bn | CN¥2.11bn | CN¥439.9m | CN¥471.3m | CN¥459.9m | CN¥474.8m | CN¥474.8m | CN¥665.9m |
| Debt | CN¥303.2m | CN¥2.62bn | CN¥2.40bn | CN¥2.21bn | CN¥1.82bn | CN¥1.82bn | CN¥1.04bn | CN¥2.03bn |
| Shareholders' equity | CN¥2.36bn | CN¥2.45bn | CN¥3.65bn | CN¥3.66bn | CN¥3.70bn | CN¥3.65bn | CN¥3.65bn | CN¥3.56bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 25.2% | 36.2% | 38.7% | 33.8% | 39.0% | 41.8% | — |
| Operating margin | -3.7% | 12.9% | 12.2% | 7.4% | 15.6% | 17.4% | — |
| Net margin | -69.0% | 1.1% | 7.1% | 2.1% | 8.0% | 6.3% | — |
| Return on equity | -49.1% | 0.6% | 4.7% | 1.6% | 6.3% | 4.3% | — |
| Return on assets | -15.2% | 0.3% | 2.4% | 0.7% | 2.9% | 2.1% | — |
| Free cash flow yield | 14.9% | 23.0% | 12.0% | 9.6% | 12.5% | 10.2% | — |
| Revenue growth | -9.5% | -19.9% | -11.2% | 1.7% | 23.4% | 12.9% | — |
| Earnings growth | -5713.7% | -87.4% | 202.9% | -73.7% | 57.4% | -28.7% | — |
| Current ratio | 1.01x | 1.03x | 1.06x | 1.09x | 1.07x | 1.05x | — |
| Debt to equity | 1.05x | 0.60x | 0.50x | 0.56x | 0.48x | 0.53x | — |
| Equity ratio | 30.9% | 49.9% | 52.1% | 46.1% | 46.2% | 49.6% | — |
| Interest coverage | -0.86x | 3.24x | 3.67x | 2.91x | 6.49x | 3.68x | — |
| R&D as a share of sales | — | 0.0% | 0.2% | 3.6% | 3.9% | 3.2% | 3.6% |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.7% | -4.2% | 7.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.5% | 33.9% | 36.2% | 40.9% |
| Operating margin | -26.7% | -5.1% | 2.7% | 9.3% |
| Net margin | -34.9% | -11.2% | -4.6% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | 80.0 | 6.7 | 48.5 | 19.1 | 13.5 | 7.7 | 16.7 | 10.8 | 23.0 |
| Price to sales | 1.0 | 0.9 | 0.5 | 1.0 | 1.5 | 0.8 | 0.8 | 1.9 | 1.3 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 May 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.034 | 0.03 | 0.03 | 0.03 | 0.072 | 0.059 |
- 1.019-for-1 split · 13 May 2015
- 1.077-for-1 split · 22 May 2012
- 1.044-for-1 split · 4 May 2011
- 1.005-for-1 split · 2 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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