H 
7.36
+4.10%
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¥796.6m
FY2016FY2025
Net income
−CN¥35.2m
FY2016FY2025
Free cash flow
−CN¥11.2m
FY2016FY2025
Shareholders' equity
CN¥375.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥796.6m | CN¥777.5m | CN¥581.2m | CN¥910.5m | CN¥930.4m | CN¥913.5m | CN¥1.04bn | CN¥1.02bn | CN¥712.5m | CN¥593.1m |
| Gross profit | CN¥26.9m | CN¥38.4m | CN¥45.2m | CN¥20.6m | CN¥12.0m | CN¥10.0m | CN¥22.9m | CN¥15.5m | −CN¥34.6m | −CN¥3.0m |
| Research and development | CN¥15.6m | CN¥15.1m | CN¥13.7m | CN¥15.1m | CN¥14.2m | CN¥10.5m | CN¥8.1m | CN¥5.1m | CN¥5.0m | CN¥6.8m |
| Operating income | −CN¥77.1m | −CN¥57.1m | CN¥13.7m | −CN¥220.7m | −CN¥93.7m | CN¥60.1m | −CN¥64.6m | CN¥24.2m | −CN¥112.8m | CN¥2.5m |
| Net income | −CN¥35.2m | −CN¥49.3m | CN¥21.0m | −CN¥208.5m | −CN¥70.2m | CN¥33.2m | −CN¥56.7m | CN¥27.6m | −CN¥86.6m | CN¥9.5m |
| Diluted earnings per share | -0.09 | -0.12 | 0.05 | -0.52 | -0.17 | 0.08 | -0.14 | 0.07 | -0.22 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥834.4m | CN¥896.8m | CN¥941.2m | CN¥975.9m | CN¥1.27bn | CN¥1.28bn | CN¥1.10bn | CN¥1.04bn | CN¥1.04bn | CN¥1.16bn |
| Cash and short-term investments | CN¥168.0m | CN¥178.5m | CN¥226.4m | CN¥233.9m | CN¥289.2m | CN¥442.4m | CN¥275.5m | CN¥309.7m | CN¥179.9m | CN¥224.1m |
| Total liabilities | CN¥470.3m | CN¥486.6m | CN¥475.7m | CN¥559.9m | CN¥628.1m | CN¥568.7m | CN¥408.4m | CN¥373.6m | CN¥384.9m | CN¥400.8m |
| Debt | CN¥166.5m | CN¥155.8m | CN¥145.2m | CN¥167.0m | CN¥144.0m | CN¥145.0m | CN¥25.0m | CN¥10.0m | CN¥29.0m | CN¥28.0m |
| Shareholders' equity | CN¥375.2m | CN¥414.4m | CN¥463.8m | CN¥442.7m | CN¥651.2m | CN¥721.4m | CN¥688.2m | CN¥650.0m | CN¥622.4m | CN¥703.9m |
| Shares outstanding | 402m | 402m | 400m | 402m | 402m | 403m | 401m | 402m | 402m | 401m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.3m | −CN¥64.1m | CN¥30.6m | −CN¥174.4m | −CN¥34.5m | −CN¥17.1m | −CN¥66.1m | −CN¥25.5m | −CN¥17.9m | −CN¥42.1m |
| Capital spending | −CN¥13.5m | −CN¥13.2m | −CN¥9.9m | −CN¥17.7m | −CN¥64.2m | −CN¥80.8m | −CN¥46.5m | −CN¥3.6m | −CN¥942,463 | −CN¥2.3m |
| Free cash flow | −CN¥11.2m | −CN¥77.3m | CN¥20.8m | −CN¥192.1m | −CN¥98.7m | −CN¥97.9m | −CN¥112.6m | −CN¥29.1m | −CN¥18.8m | −CN¥44.3m |
| Dividends paid | −CN¥4.0m | −CN¥6.1m | −CN¥6.9m | −CN¥7.1m | −CN¥8.1m | −CN¥3.8m | −CN¥1.4m | −CN¥1.5m | −CN¥3.9m | −CN¥10.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥159.3m | CN¥162.4m | CN¥140.3m | CN¥223.5m | CN¥219.0m | CN¥214.2m | CN¥282.4m | CN¥165.2m |
| Gross profit | CN¥2.9m | CN¥9.2m | CN¥10.1m | CN¥8.7m | CN¥4.3m | CN¥9.1m | CN¥6.8m | CN¥8.8m |
| Operating income | −CN¥21.7m | −CN¥18.4m | −CN¥22.4m | −CN¥9.6m | −CN¥6.4m | −CN¥14.4m | −CN¥31.0m | CN¥9.9m |
| Net income | −CN¥18.2m | −CN¥5.8m | −CN¥19.8m | −CN¥1.9m | −CN¥1.1m | −CN¥12.5m | −CN¥27.5m | CN¥3.8m |
| Diluted earnings per share | -0.05 | -0.01 | -0.05 | -0.00 | -0.00 | -0.03 | -0.07 | 0.01 |
| Cash from operations | — | — | CN¥30.0m | −CN¥13.0m | −CN¥3.0m | −CN¥42.0m | — | −CN¥34.0m |
| Capital spending | — | −CN¥3.0m | −CN¥4.0m | −CN¥2.0m | −CN¥3.0m | −CN¥2.0m | −CN¥3.0m | −CN¥2.0m |
| Free cash flow | — | — | CN¥26.0m | −CN¥15.0m | −CN¥6.0m | −CN¥44.0m | — | −CN¥36.0m |
| Total assets | CN¥777.3m | CN¥817.9m | CN¥834.4m | CN¥824.6m | CN¥833.2m | CN¥865.4m | CN¥896.8m | CN¥916.2m |
| Cash and short-term investments | — | — | CN¥168.0m | CN¥146.0m | CN¥134.8m | CN¥176.8m | CN¥178.5m | CN¥189.4m |
| Debt | CN¥63.6m | CN¥76.1m | CN¥166.5m | CN¥85.3m | CN¥120.1m | CN¥175.0m | CN¥155.2m | CN¥165.2m |
| Shareholders' equity | CN¥347.2m | CN¥369.4m | CN¥375.2m | CN¥394.9m | CN¥396.8m | CN¥401.9m | CN¥414.4m | CN¥441.9m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.4% | 4.9% | 7.8% | 2.3% | 1.3% | 1.1% |
| Operating margin | -9.7% | -6.0% | 2.4% | -24.2% | -9.3% | 6.6% |
| Net margin | -4.4% | -6.3% | 3.6% | -22.9% | -7.5% | 3.6% |
| Return on equity | -9.4% | -11.9% | 4.5% | -47.1% | -10.8% | 4.6% |
| Return on assets | -4.2% | -5.5% | 2.2% | -21.4% | -5.5% | 2.6% |
| Free cash flow yield | 0.6% | -1.9% | 1.5% | -5.7% | 1.1% | 2.3% |
| Revenue growth | 2.5% | 33.8% | -36.2% | -2.1% | 1.8% | -12.0% |
| Earnings growth | -28.6% | -334.7% | -110.1% | 196.8% | -311.3% | -158.6% |
| Current ratio | 1.08x | 1.10x | 1.33x | 1.39x | 1.77x | 2.31x |
| Debt to equity | 0.44x | 0.37x | 0.31x | 0.33x | 0.22x | 0.20x |
| Equity ratio | 45.0% | 46.2% | 49.3% | 45.4% | 51.4% | 56.3% |
| Interest coverage | -11.01x | -7.02x | 1.89x | -24.33x | -29.68x | 15.67x |
| R&D as a share of sales | 2.0% | 1.9% | 2.4% | 1.7% | 1.5% | 1.2% |
| Buybacks as a share of market value | -0.1% | -0.3% | 0.4% | -0.1% | 0.4% | -0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.4% | -2.7% | 0.4% |
| Operating income | -29.6% | — | 6.5% |
| Net income | -44.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.1% | 4.3% | 3.1% | 2.3% |
| Operating margin | -8.5% | -11.1% | -7.6% | -6.3% |
| Net margin | -5.4% | -8.9% | -6.3% | -4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -94.3 | -39.3 | 93.7 | -9.1 | -24.0 | 50.1 | -31.6 | 59.5 | -24.6 | — |
| Price to sales | 4.2 | 2.5 | 3.4 | 2.1 | 1.8 | 1.8 | 1.7 | 1.6 | 3.0 | 8.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 5 Jun 2025.
| FY2025 | FY2016 | FY2012 | FY2002 | FY2001 | |
|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.015 | 0.02 | 0.03 | 0.15 |
- 1-to-1 reverse split · 27 Jun 2006
- 13-for-10 split · 22 Jun 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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