D 
5.11
+0.39%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥8.86bn
FY2016FY2025
Net income
−CN¥479.6m
FY2016FY2025
Free cash flow
−CN¥981.2m
FY2016FY2025
Shareholders' equity
CN¥7.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.86bn | CN¥10.94bn | CN¥12.07bn | CN¥12.19bn | CN¥15.55bn | CN¥13.73bn | CN¥13.52bn | CN¥14.42bn | CN¥18.30bn | CN¥9.24bn |
| Research and development | CN¥371.8m | CN¥430.3m | CN¥358.6m | CN¥411.8m | CN¥429.3m | CN¥386.8m | CN¥483.9m | CN¥491.5m | CN¥611.2m | CN¥649.9m |
| Operating income | −CN¥807.9m | −CN¥4.2m | CN¥202.3m | CN¥276.3m | CN¥383.8m | CN¥600.1m | CN¥403.8m | CN¥508.1m | −CN¥89.1m | −CN¥243.1m |
| Net income | −CN¥479.6m | CN¥29.2m | CN¥200.0m | CN¥285.1m | CN¥371.7m | CN¥553.5m | CN¥442.4m | CN¥553.8m | CN¥200.7m | CN¥218.9m |
| Diluted earnings per share | -0.16 | 0.01 | 0.10 | 0.14 | 0.19 | 0.28 | 0.22 | 0.27 | 0.10 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥15.96bn | CN¥17.23bn | CN¥19.17bn | CN¥17.69bn | CN¥19.88bn | CN¥20.16bn | CN¥18.82bn | CN¥19.63bn | CN¥17.79bn | CN¥21.50bn |
| Cash and short-term investments | — | CN¥4.20bn | CN¥6.72bn | CN¥6.68bn | CN¥6.60bn | CN¥5.54bn | CN¥3.82bn | CN¥3.33bn | CN¥3.39bn | CN¥4.38bn |
| Total liabilities | CN¥7.88bn | CN¥8.66bn | CN¥10.57bn | CN¥9.20bn | CN¥11.58bn | CN¥12.07bn | CN¥11.12bn | CN¥12.17bn | CN¥10.76bn | CN¥14.09bn |
| Debt | — | CN¥3.31bn | CN¥176.5m | CN¥184.6m | CN¥5.15bn | CN¥191.2m | CN¥700,000 | CN¥5.20bn | CN¥5.18bn | CN¥20.7m |
| Shareholders' equity | CN¥7.79bn | CN¥8.28bn | CN¥8.31bn | CN¥8.20bn | CN¥8.02bn | CN¥7.82bn | CN¥7.41bn | CN¥7.14bn | CN¥6.70bn | CN¥6.51bn |
| Shares outstanding | 2,916m | 2,916m | 2,000m | 2,000m | 2,001m | 2,001m | 2,000m | 2,042m | 2,003m | 1,993m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥199.2m | −CN¥2.55bn | −CN¥265.6m | −CN¥290.0m | CN¥980.4m | CN¥1.44bn | CN¥507.8m | −CN¥632.2m | −CN¥502.6m | CN¥742.8m |
| Capital spending | −CN¥782.0m | −CN¥615.6m | −CN¥203.2m | −CN¥203.1m | −CN¥183.3m | −CN¥297.3m | −CN¥346.6m | −CN¥357.9m | −CN¥417.5m | −CN¥662.4m |
| Free cash flow | −CN¥981.2m | −CN¥3.17bn | −CN¥468.8m | −CN¥493.2m | CN¥797.1m | CN¥1.14bn | CN¥161.2m | −CN¥990.2m | −CN¥920.0m | CN¥80.4m |
| Dividends paid | −CN¥10.0m | −CN¥60.2m | −CN¥85.6m | −CN¥111.6m | −CN¥166.2m | −CN¥132.8m | −CN¥166.6m | −CN¥60.6m | −CN¥66.2m | −CN¥227.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.07bn | CN¥2.45bn | CN¥1.85bn | CN¥1.98bn | CN¥2.52bn | CN¥2.52bn | CN¥2.96bn | CN¥2.18bn |
| Operating income | −CN¥194.1m | CN¥99.7m | −CN¥626.9m | −CN¥182.1m | CN¥46.7m | CN¥46.7m | CN¥103.7m | −CN¥181.7m |
| Net income | −CN¥81.3m | CN¥205.5m | −CN¥581.1m | CN¥4.3m | CN¥48.6m | CN¥48.6m | CN¥143.8m | −CN¥180.0m |
| Diluted earnings per share | -0.03 | 0.07 | -0.20 | 0.00 | 0.02 | 0.02 | 0.05 | -0.06 |
| Cash from operations | — | — | — | CN¥622.0m | CN¥220.0m | −CN¥794.0m | −CN¥82.0m | CN¥435.0m |
| Capital spending | −CN¥58.0m | −CN¥112.0m | −CN¥409.0m | −CN¥92.0m | −CN¥119.0m | −CN¥160.0m | −CN¥107.0m | −CN¥143.0m |
| Free cash flow | — | — | — | CN¥530.0m | CN¥101.0m | −CN¥954.0m | −CN¥189.0m | CN¥292.0m |
| Total assets | CN¥16.24bn | CN¥16.26bn | CN¥15.96bn | CN¥16.33bn | CN¥16.97bn | CN¥17.29bn | CN¥17.23bn | CN¥16.85bn |
| Cash and short-term investments | — | — | — | CN¥3.88bn | CN¥3.39bn | CN¥3.22bn | CN¥4.20bn | CN¥4.15bn |
| Debt | — | — | — | CN¥3.40bn | — | — | — | CN¥3.33bn |
| Shareholders' equity | CN¥7.91bn | CN¥7.99bn | CN¥7.79bn | CN¥8.37bn | CN¥8.36bn | CN¥8.43bn | CN¥8.28bn | CN¥8.13bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -9.1% | -0.0% | 1.7% | 2.3% | 2.5% | 4.4% | — | — |
| Net margin | -5.4% | 0.3% | 1.7% | 2.3% | 2.4% | 4.0% | — | — |
| Return on equity | -6.2% | 0.4% | 2.4% | 3.5% | 4.6% | 7.1% | — | — |
| Return on assets | -3.0% | 0.2% | 1.0% | 1.6% | 1.9% | 2.7% | — | — |
| Free cash flow yield | 3.5% | -11.6% | -0.5% | -0.8% | 10.1% | 15.1% | — | — |
| Revenue growth | -19.0% | -9.4% | -1.0% | -21.6% | 13.2% | 1.6% | — | — |
| Earnings growth | -1744.5% | -85.4% | -29.8% | -23.3% | -32.8% | 25.1% | — | — |
| Current ratio | 1.50x | 1.59x | 1.50x | 1.60x | 1.41x | 1.36x | — | — |
| Debt to equity | — | 0.38x | — | 0.00x | 0.62x | 0.00x | 0.00x | 0.73x |
| Equity ratio | 48.8% | 48.0% | 43.3% | 46.3% | 40.3% | 38.8% | — | — |
| Interest coverage | -95.29x | -0.14x | 15.63x | 22.66x | 30.88x | 41.71x | — | — |
| R&D as a share of sales | 4.2% | 3.9% | 3.0% | 3.4% | 2.8% | 2.8% | — | — |
| Buybacks as a share of market value | 0.0% | -45.8% | 0.0% | 0.1% | -0.0% | -0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.1% | -8.4% | -6.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.1% | -0.8% | 0.9% | 1.0% |
| Net margin | -2.3% | 0.1% | 1.3% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -43.7 | — | 57.7 | 39.1 | 36.7 | 34.1 | 20.7 | 13.3 | 58.4 | 62.8 |
| Price to sales | 2.4 | 2.0 | 1.0 | 0.9 | 0.9 | 1.4 | 0.7 | 0.5 | 0.6 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 17 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.03 | 0.043 | 0.056 | 0.083 | 0.066 | 0.083 | 0.03 |
- 1-to-1 reverse split · 13 Nov 2006
- 2-for-1 split · 11 Jun 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.