N 
8.38
-0.59%
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¥7.33bn
FY2016FY2025
Net income
−CN¥298.5m
FY2016FY2025
Free cash flow
−CN¥1.28bn
FY2016FY2025
Shareholders' equity
CN¥5.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.33bn | CN¥5.28bn | CN¥4.57bn | CN¥4.71bn | CN¥4.45bn | CN¥2.15bn | CN¥2.15bn | CN¥2.32bn | CN¥2.54bn | CN¥2.00bn |
| Gross profit | CN¥1.13bn | CN¥283.4m | CN¥450.4m | CN¥934.5m | CN¥1.06bn | CN¥416.4m | CN¥537.7m | CN¥600.2m | CN¥720.1m | CN¥505.3m |
| Research and development | CN¥244.3m | CN¥151.1m | CN¥151.3m | CN¥157.9m | CN¥156.8m | CN¥73.8m | CN¥45.0m | CN¥47.4m | CN¥62.8m | CN¥58.6m |
| Operating income | CN¥213.0m | −CN¥379.3m | CN¥93.6m | CN¥425.2m | CN¥663.3m | CN¥180.4m | −CN¥68.7m | CN¥348.2m | CN¥483.7m | CN¥240.7m |
| Net income | −CN¥298.5m | −CN¥351.7m | CN¥27.3m | CN¥352.3m | CN¥405.1m | CN¥5.4m | −CN¥121.9m | CN¥97.2m | CN¥190.0m | CN¥26.3m |
| Diluted earnings per share | -0.17 | -0.20 | 0.02 | 0.20 | 0.27 | 0.00 | -0.11 | 0.08 | 0.17 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥19.40bn | CN¥16.14bn | CN¥15.24bn | CN¥13.97bn | CN¥8.71bn | CN¥8.02bn | CN¥7.05bn | CN¥7.28bn | CN¥6.22bn | CN¥5.68bn |
| Cash and short-term investments | — | CN¥2.65bn | CN¥2.95bn | CN¥5.03bn | CN¥1.79bn | CN¥2.21bn | CN¥1.22bn | CN¥1.28bn | CN¥762.6m | CN¥849.1m |
| Total liabilities | CN¥12.20bn | CN¥8.93bn | CN¥7.60bn | CN¥6.22bn | CN¥4.87bn | CN¥4.60bn | CN¥4.69bn | CN¥4.83bn | CN¥3.86bn | CN¥3.54bn |
| Debt | CN¥2.18bn | CN¥4.19bn | CN¥4.82bn | CN¥4.91bn | CN¥3.24bn | CN¥2.71bn | CN¥3.55bn | CN¥3.67bn | CN¥2.83bn | CN¥2.57bn |
| Shareholders' equity | CN¥5.63bn | CN¥5.68bn | CN¥6.12bn | CN¥6.28bn | CN¥3.84bn | CN¥3.41bn | CN¥2.02bn | CN¥2.14bn | CN¥2.07bn | CN¥1.87bn |
| Shares outstanding | 1,722m | 1,734m | 1,332m | 1,735m | 1,511m | 1,142m | 1,150m | 1,152m | 1,150m | 1,159m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥461.5m | CN¥616.5m | −CN¥1.07bn | CN¥794.9m | CN¥1.04bn | CN¥516.5m | CN¥326.9m | CN¥315.1m | CN¥225.2m | CN¥435.7m |
| Capital spending | −CN¥814.2m | −CN¥806.8m | −CN¥1.15bn | −CN¥1.23bn | −CN¥561.3m | −CN¥342.2m | −CN¥253.3m | −CN¥356.1m | −CN¥175.6m | −CN¥349.9m |
| Free cash flow | −CN¥1.28bn | −CN¥190.3m | −CN¥2.22bn | −CN¥431.6m | CN¥482.0m | CN¥174.3m | CN¥73.6m | −CN¥41.0m | CN¥49.7m | CN¥85.8m |
| Dividends paid | −CN¥200.9m | −CN¥208.0m | −CN¥371.9m | −CN¥279.8m | −CN¥197.0m | −CN¥175.9m | −CN¥105.9m | −CN¥177.9m | −CN¥202.4m | −CN¥131.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.89bn | CN¥2.54bn | CN¥2.54bn | CN¥1.78bn | CN¥1.61bn | CN¥1.41bn | CN¥1.57bn | CN¥1.32bn |
| Gross profit | CN¥291.4m | CN¥297.9m | CN¥230.2m | CN¥193.0m | CN¥137.1m | CN¥140.0m | CN¥33.6m | CN¥147.1m |
| Operating income | CN¥129.4m | CN¥145.6m | CN¥74.1m | CN¥61.3m | CN¥40.9m | −CN¥36.0m | −CN¥70.7m | −CN¥58.2m |
| Net income | CN¥62.8m | CN¥40.1m | −CN¥204.8m | −CN¥21.3m | −CN¥34.8m | −CN¥37.7m | −CN¥134.2m | −CN¥58.4m |
| Diluted earnings per share | 0.04 | 0.02 | -0.12 | -0.01 | -0.02 | -0.02 | -0.08 | -0.03 |
| Cash from operations | — | — | — | CN¥90.0m | CN¥368.0m | CN¥131.0m | — | CN¥275.0m |
| Capital spending | −CN¥245.0m | −CN¥267.0m | −CN¥102.0m | −CN¥481.0m | −CN¥140.0m | −CN¥89.0m | −CN¥165.0m | −CN¥121.0m |
| Free cash flow | — | — | — | −CN¥391.0m | CN¥228.0m | CN¥42.0m | — | CN¥154.0m |
| Total assets | CN¥22.88bn | CN¥21.10bn | CN¥19.40bn | CN¥17.47bn | CN¥16.51bn | CN¥16.20bn | CN¥16.14bn | CN¥15.55bn |
| Cash and short-term investments | — | — | — | CN¥2.69bn | CN¥2.59bn | CN¥2.42bn | CN¥2.65bn | CN¥2.60bn |
| Debt | CN¥3.09bn | CN¥2.60bn | CN¥2.18bn | CN¥4.70bn | CN¥3.73bn | CN¥3.84bn | CN¥4.15bn | CN¥4.89bn |
| Shareholders' equity | CN¥6.01bn | CN¥5.64bn | CN¥5.63bn | CN¥5.89bn | CN¥5.63bn | CN¥5.74bn | CN¥5.68bn | CN¥5.80bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.7% | 5.4% | 9.9% | 19.8% | 23.7% | 19.3% |
| Operating margin | 2.9% | -7.2% | 2.0% | 9.0% | 14.9% | 8.4% |
| Net margin | -4.1% | -6.7% | 0.6% | 7.5% | 9.1% | 0.2% |
| Return on equity | -5.3% | -6.2% | 0.4% | 5.6% | 10.5% | 0.2% |
| Return on assets | -1.5% | -2.2% | 0.2% | 2.5% | 4.7% | 0.1% |
| Free cash flow yield | 1.9% | 7.5% | 0.6% | 10.7% | 9.8% | 6.9% |
| Revenue growth | 38.9% | 15.4% | -2.9% | 5.9% | 106.3% | 0.2% |
| Earnings growth | -15.1% | -1387.6% | -92.2% | -13.0% | 7421.9% | -104.4% |
| Current ratio | 0.98x | 0.91x | 1.44x | 1.89x | 1.19x | 1.35x |
| Debt to equity | 0.39x | 0.73x | 0.78x | 0.74x | 0.73x | 0.64x |
| Equity ratio | 29.0% | 35.2% | 40.1% | 44.9% | 44.1% | 42.6% |
| Interest coverage | 0.79x | -1.47x | 0.41x | 2.17x | 2.87x | 0.79x |
| R&D as a share of sales | 3.3% | 2.9% | 3.3% | 3.4% | 3.5% | 3.4% |
| Buybacks as a share of market value | 0.7% | -30.2% | 23.2% | -14.8% | -32.3% | 0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.9% | 27.7% | 15.3% |
| Operating income | -20.6% | 3.4% | -1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.2% | 12.8% | 15.0% | 17.5% |
| Operating margin | -1.3% | 1.6% | 4.2% | 6.2% |
| Net margin | -5.2% | -1.2% | 0.5% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -40.9 | -19.7 | 275.0 | 39.1 | 59.5 | — | -44.1 | 48.1 | 57.1 | 470.3 |
| Price to sales | 1.7 | 1.3 | 1.6 | 2.9 | 5.4 | 4.9 | 2.5 | 2.0 | 4.3 | 6.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2023.
| FY2023 | FY2022 | FY2018 | FY2010 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.06 | 0.039 | 0.04 | 0.007 | 0.007 | 0.01 | 0.017 |
- 3-for-2 split · 1 Jun 2009
- 13-for-10 split · 27 Sept 2007
- 3-for-2 split · 25 May 2007
- 1-to-1 reverse split · 27 Jul 2006
- 9-for-5 split · 9 May 2002
- 3-for-2 split · 25 Sept 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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