N 
5.60
-1.75%
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¥1.27bn
FY2016FY2025
Net income
CN¥84.4m
FY2016FY2025
Free cash flow
CN¥416.1m
FY2016FY2025
Shareholders' equity
CN¥3.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.27bn | CN¥1.79bn | CN¥1.76bn | CN¥2.66bn | CN¥3.73bn | CN¥4.91bn | CN¥3.87bn | CN¥3.94bn | CN¥6.85bn | CN¥4.18bn |
| Gross profit | CN¥144.3m | CN¥169.9m | CN¥249.4m | CN¥293.0m | CN¥705.2m | CN¥1.30bn | CN¥674.0m | CN¥437.1m | CN¥982.8m | CN¥748.4m |
| Operating income | — | CN¥120.6m | CN¥99.7m | CN¥231.0m | CN¥553.1m | CN¥806.6m | CN¥355.2m | CN¥540.5m | CN¥862.0m | CN¥392.8m |
| Net income | CN¥84.4m | CN¥81.2m | CN¥106.2m | CN¥150.0m | CN¥249.4m | CN¥343.8m | CN¥320.0m | CN¥248.5m | CN¥481.0m | CN¥148.6m |
| Diluted earnings per share | 0.27 | 0.26 | 0.33 | 0.47 | 0.79 | 1.12 | 1.03 | -5,230.60 | 4,873.79 | 164.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.50bn | CN¥5.21bn | CN¥5.55bn | CN¥6.41bn | CN¥6.11bn | CN¥7.05bn | CN¥7.95bn | CN¥6.61bn | CN¥6.79bn | CN¥8.15bn |
| Cash and short-term investments | — | CN¥997.4m | CN¥1.37bn | CN¥1.44bn | CN¥1.84bn | CN¥2.01bn | CN¥2.25bn | CN¥1.04bn | CN¥686.9m | CN¥456.1m |
| Total liabilities | CN¥789.6m | CN¥1.50bn | CN¥1.87bn | CN¥2.78bn | CN¥2.60bn | CN¥3.79bn | CN¥5.15bn | CN¥3.95bn | CN¥4.09bn | CN¥6.04bn |
| Debt | — | CN¥149.2m | CN¥432.9m | CN¥754.8m | CN¥361.7m | CN¥210.1m | CN¥341.9m | CN¥654.5m | CN¥1.01bn | CN¥1.49bn |
| Shareholders' equity | CN¥3.41bn | CN¥3.37bn | CN¥3.32bn | CN¥3.25bn | CN¥3.14bn | CN¥2.95bn | CN¥2.66bn | CN¥2.39bn | CN¥2.42bn | CN¥1.94bn |
| Shares outstanding | 311m | 311m | 319m | 318m | 316m | 306m | 311m | — | 0m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥443.0m | −CN¥42.0m | CN¥87.8m | −CN¥353.2m | −CN¥222.5m | CN¥199.0m | CN¥1.61bn | CN¥904.2m | CN¥123.1m | CN¥1.11bn |
| Capital spending | −CN¥27.0m | −CN¥35.1m | −CN¥29.2m | −CN¥20.7m | −CN¥40.9m | −CN¥74.8m | −CN¥58.4m | −CN¥125.9m | −CN¥139.1m | −CN¥73.2m |
| Free cash flow | CN¥416.1m | −CN¥77.1m | CN¥58.6m | −CN¥374.0m | −CN¥263.5m | CN¥124.3m | CN¥1.55bn | CN¥778.3m | −CN¥16.0m | CN¥1.03bn |
| Dividends paid | −CN¥52.1m | −CN¥69.4m | −CN¥84.1m | −CN¥31.1m | −CN¥62.2m | −CN¥62.2m | −CN¥46.6m | −CN¥95.1m | −CN¥131.1m | −CN¥175.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥132.0m | CN¥149.0m | CN¥377.0m | CN¥302.1m | CN¥266.4m | CN¥322.0m | CN¥775.2m | CN¥577.3m |
| Gross profit | CN¥16.4m | CN¥25.8m | CN¥74.4m | CN¥20.7m | CN¥25.5m | CN¥23.7m | CN¥28.2m | CN¥28.5m |
| Operating income | −CN¥16.5m | CN¥5.1m | CN¥28.6m | CN¥25.6m | CN¥22.3m | CN¥5.9m | CN¥66.0m | CN¥11.1m |
| Net income | CN¥12.9m | CN¥5.4m | CN¥17.3m | CN¥32.0m | CN¥21.1m | CN¥14.0m | CN¥26.1m | CN¥10.2m |
| Diluted earnings per share | 0.04 | 0.02 | 0.06 | 0.10 | 0.07 | 0.04 | 0.08 | 0.03 |
| Cash from operations | — | — | — | CN¥83.0m | CN¥247.0m | CN¥96.0m | — | CN¥131.0m |
| Capital spending | −CN¥2.0m | −CN¥7.0m | −CN¥9.0m | −CN¥5.0m | −CN¥8.0m | −CN¥3.0m | −CN¥17.0m | −CN¥6.0m |
| Free cash flow | — | — | — | CN¥78.0m | CN¥239.0m | CN¥93.0m | — | CN¥125.0m |
| Total assets | CN¥4.60bn | CN¥4.55bn | CN¥4.50bn | CN¥4.87bn | CN¥4.78bn | CN¥5.10bn | CN¥5.21bn | CN¥5.28bn |
| Cash and short-term investments | — | — | — | CN¥952.5m | CN¥922.0m | CN¥1.14bn | CN¥997.4m | CN¥1.05bn |
| Debt | CN¥96.0m | CN¥48.0m | — | CN¥225.0m | CN¥145.0m | CN¥150.0m | CN¥149.2m | CN¥150.0m |
| Shareholders' equity | CN¥3.41bn | CN¥3.42bn | CN¥3.41bn | CN¥3.40bn | CN¥3.37bn | CN¥3.38bn | CN¥3.37bn | CN¥3.34bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 19.5% | 9.5% | 14.1% | 11.0% | 18.9% | 26.5% | — |
| Operating margin | 6.6% | 7.3% | 9.3% | 9.3% | 15.4% | 16.4% | — |
| Net margin | 6.7% | 4.5% | 6.0% | 5.6% | 6.7% | 7.0% | — |
| Return on equity | 2.5% | 2.4% | 3.2% | 4.6% | 8.0% | 11.7% | — |
| Return on assets | 1.9% | 1.6% | 1.9% | 2.3% | 4.1% | 4.9% | — |
| Free cash flow yield | 26.2% | -0.4% | 6.4% | -18.2% | -10.0% | 15.5% | — |
| Revenue growth | -29.1% | 1.3% | -33.6% | -28.7% | -24.2% | 26.8% | — |
| Earnings growth | 4.0% | -23.6% | -29.2% | -39.9% | -27.4% | 7.4% | — |
| Current ratio | 4.02x | 2.15x | 2.35x | 1.85x | 1.85x | 1.46x | — |
| Debt to equity | — | 0.04x | 0.13x | 0.23x | 0.11x | 0.19x | 0.08x |
| Equity ratio | 75.9% | 64.6% | 59.9% | 50.7% | 51.3% | 41.9% | — |
| Interest coverage | 3.52x | 2.39x | 2.96x | 8.20x | 23.01x | 20.55x | — |
| Buybacks as a share of market value | -0.2% | 2.7% | -0.5% | -0.7% | -3.2% | 1.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.9% | -23.7% | -10.2% |
| Net income | -17.4% | -24.5% | -4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.3% | 11.5% | 17.8% | 16.5% |
| Net margin | 5.4% | 5.6% | 6.3% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.8 | 25.0 | 21.7 | 16.0 | 9.4 | 7.9 | 5.8 | 0.1 | 31.3 | 21.2 |
| Price to sales | 1.9 | 1.1 | 1.3 | 0.9 | 0.6 | 0.6 | 0.5 | — | 1.1 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 16 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.12 | 0.12 | 0.12 | 0.10 | 0.20 | 0.20 | 0.15 |
- 1-to-1 reverse split · 16 May 2006
- 9-for-5 split · 15 Apr 1998
- 7-for-5 split · 9 Jun 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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