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4.01
-1.47%
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¥10.49bn
FY2016FY2025
Net income
−CN¥57.1m
FY2016FY2025
Free cash flow
−CN¥313.6m
FY2016FY2025
Shareholders' equity
CN¥9.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.49bn | CN¥11.16bn | CN¥11.47bn | CN¥14.26bn | CN¥12.01bn | CN¥9.34bn | CN¥8.47bn | CN¥4.83bn | CN¥4.24bn | CN¥5.60bn |
| Research and development | CN¥425.2m | CN¥385.3m | CN¥435.8m | CN¥469.1m | CN¥367.5m | CN¥305.3m | CN¥268.7m | CN¥109.7m | CN¥116.5m | CN¥57.9m |
| Operating income | CN¥328.6m | CN¥76.9m | −CN¥823.8m | CN¥1.22bn | CN¥2.09bn | CN¥1.23bn | CN¥773.8m | CN¥655.4m | CN¥926.8m | CN¥755.8m |
| Net income | −CN¥57.1m | CN¥68.4m | −CN¥775.4m | CN¥904.2m | CN¥1.64bn | CN¥886.6m | CN¥543.8m | CN¥493.6m | CN¥539.0m | CN¥489.3m |
| Diluted earnings per share | -0.03 | 0.04 | -0.43 | 0.53 | 0.87 | 0.62 | -5.17 | 0.54 | 33.25 | 0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥20.60bn | CN¥20.53bn | CN¥21.07bn | CN¥20.05bn | CN¥16.22bn | CN¥14.77bn | CN¥8.07bn | CN¥8.66bn | CN¥8.90bn | CN¥8.53bn |
| Cash and short-term investments | — | CN¥1.88bn | CN¥3.07bn | CN¥4.83bn | CN¥1.62bn | CN¥695.9m | CN¥444.1m | CN¥223.9m | CN¥287.1m | CN¥203.8m |
| Total liabilities | CN¥11.36bn | CN¥11.20bn | CN¥11.81bn | CN¥9.12bn | CN¥6.31bn | CN¥7.22bn | CN¥2.98bn | CN¥3.47bn | CN¥4.13bn | CN¥4.23bn |
| Debt | CN¥5.62bn | CN¥5.67bn | CN¥8.42bn | CN¥5.70bn | CN¥2.92bn | CN¥4.04bn | CN¥1.91bn | CN¥1.81bn | CN¥1.10bn | CN¥1000.0m |
| Shareholders' equity | CN¥9.23bn | CN¥9.32bn | CN¥9.25bn | CN¥10.63bn | CN¥9.57bn | CN¥7.18bn | CN¥4.73bn | CN¥4.80bn | CN¥4.34bn | CN¥3.87bn |
| Shares outstanding | 1,702m | 1,713m | 1,798m | 1,715m | 1,879m | 1,428m | — | 919m | 16m | 967m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥787.8m | CN¥1.36bn | CN¥1.89bn | CN¥1.29bn | CN¥2.59bn | CN¥1.11bn | CN¥1.12bn | CN¥476.8m | CN¥1.29bn | CN¥772.2m |
| Capital spending | −CN¥1.10bn | −CN¥1.03bn | −CN¥2.00bn | −CN¥347.3m | −CN¥477.1m | −CN¥396.0m | −CN¥176.5m | −CN¥343.4m | −CN¥549.4m | −CN¥730.5m |
| Free cash flow | −CN¥313.6m | CN¥331.1m | −CN¥117.1m | CN¥938.0m | CN¥2.11bn | CN¥716.4m | CN¥947.0m | CN¥133.4m | CN¥737.8m | CN¥41.7m |
| Dividends paid | −CN¥156.4m | −CN¥148.6m | −CN¥170.7m | −CN¥170.7m | −CN¥246.8m | −CN¥157.8m | −CN¥207.5m | −CN¥148.0m | −CN¥197.6m | −CN¥181.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.57bn | CN¥2.41bn | CN¥2.52bn | CN¥2.81bn | CN¥2.74bn | CN¥2.42bn | CN¥3.36bn | CN¥2.59bn |
| Operating income | CN¥57.7m | CN¥43.4m | CN¥79.6m | CN¥38.6m | CN¥32.1m | CN¥59.6m | CN¥28.2m | CN¥83.6m |
| Net income | CN¥81.5m | −CN¥59.2m | −CN¥64.3m | CN¥15.8m | CN¥8.8m | −CN¥17.4m | CN¥58.3m | CN¥3.4m |
| Diluted earnings per share | 0.05 | -0.03 | -0.04 | 0.01 | 0.01 | -0.01 | 0.03 | 0.00 |
| Cash from operations | — | — | — | CN¥1.00bn | CN¥113.0m | −CN¥352.0m | — | CN¥391.0m |
| Capital spending | −CN¥183.0m | −CN¥293.0m | −CN¥397.0m | −CN¥267.0m | −CN¥203.0m | −CN¥232.0m | −CN¥180.0m | −CN¥297.0m |
| Free cash flow | — | — | — | CN¥735.0m | −CN¥90.0m | −CN¥584.0m | — | CN¥94.0m |
| Total assets | CN¥21.12bn | CN¥20.78bn | CN¥20.60bn | CN¥21.31bn | CN¥20.77bn | CN¥20.58bn | CN¥20.53bn | CN¥20.52bn |
| Cash and short-term investments | — | — | — | CN¥2.40bn | CN¥1.50bn | CN¥1.50bn | CN¥1.88bn | CN¥1.95bn |
| Debt | CN¥5.66bn | CN¥5.56bn | CN¥5.62bn | CN¥2.19bn | CN¥6.20bn | CN¥6.37bn | CN¥5.67bn | CN¥5.53bn |
| Shareholders' equity | CN¥9.27bn | CN¥9.18bn | CN¥9.23bn | CN¥9.30bn | CN¥9.28bn | CN¥9.31bn | CN¥9.32bn | CN¥9.27bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 3.1% | 0.7% | -7.2% | 8.5% | 17.4% | 13.2% |
| Net margin | -0.5% | 0.6% | -6.8% | 6.3% | 13.6% | 9.5% |
| Return on equity | -0.6% | 0.7% | -8.4% | 8.5% | 17.1% | 12.3% |
| Return on assets | -0.3% | 0.3% | -3.7% | 4.5% | 10.1% | 6.0% |
| Free cash flow yield | 24.2% | 30.5% | 47.1% | 20.7% | 35.6% | 23.0% |
| Revenue growth | -6.0% | -2.7% | -19.6% | 18.7% | 28.7% | 10.2% |
| Earnings growth | -183.4% | -108.8% | -185.8% | -44.8% | 84.8% | 63.0% |
| Current ratio | 0.64x | 0.59x | 0.82x | 1.85x | 0.84x | 0.76x |
| Debt to equity | 0.61x | 0.61x | 0.89x | 0.53x | 0.06x | 0.56x |
| Equity ratio | 44.8% | 45.4% | 43.9% | 53.0% | 59.0% | 48.6% |
| Interest coverage | 1.39x | 0.29x | -2.67x | 4.69x | 10.25x | 7.13x |
| R&D as a share of sales | 4.1% | 3.5% | 3.8% | 3.3% | 3.1% | 3.3% |
| Buybacks as a share of market value | 0.6% | 4.7% | -4.8% | 8.7% | -31.6% | 1457.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.7% | 2.4% | 7.9% |
| Operating income | -35.4% | -23.2% | 1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.9% | 1.7% | 6.0% | 7.8% |
| Net margin | 0.1% | 0.3% | 3.9% | 5.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -147.6 | 108.9 | -10.0 | 10.4 | 9.4 | 9.1 | -1.0 | 8.4 | 0.2 | 12.5 |
| Price to sales | 0.8 | 0.7 | 0.7 | 0.7 | 1.3 | 0.9 | -0.1 | 0.9 | 0.0 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 19 Jun 2025.
| FY2025 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 | 0.071 | 0.036 |
- 7-for-5 split · 9 Jun 2017
- 2-for-1 split · 11 Jul 2006
- 1.087-for-1 split · 12 May 2006
- 5-for-4 split · 14 May 1999
- 9-for-5 split · 15 Oct 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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