Z 
4.26
-1.39%
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¥5.28bn
FY2015FY2024
Net income
−CN¥1.51bn
FY2015FY2024
Free cash flow
CN¥695.9m
FY2015FY2024
Shareholders' equity
CN¥1.16bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.28bn | CN¥7.00bn | CN¥4.05bn | CN¥7.13bn | CN¥6.39bn | CN¥4.19bn | CN¥3.08bn | CN¥3.13bn | CN¥3.12bn | CN¥2.54bn |
| Gross profit | CN¥1.20bn | CN¥2.01bn | −CN¥113.6m | CN¥1.74bn | CN¥1.92bn | CN¥1.15bn | CN¥1.06bn | CN¥1.34bn | CN¥1.16bn | CN¥1.05bn |
| Research and development | CN¥4.2m | CN¥3.7m | CN¥3.8m | CN¥2.9m | — | — | — | — | — | — |
| Operating income | −CN¥348.2m | CN¥937.8m | −CN¥950.2m | CN¥1.06bn | CN¥721.1m | CN¥782.3m | CN¥720.3m | CN¥835.7m | CN¥842.9m | CN¥1.73bn |
| Net income | −CN¥1.51bn | −CN¥389.5m | −CN¥2.06bn | CN¥460.5m | CN¥558.7m | CN¥526.3m | CN¥512.6m | CN¥624.3m | CN¥600.6m | CN¥1.37bn |
| Diluted earnings per share | -0.82 | -0.21 | -1.09 | 0.25 | 0.29 | 0.22 | 0.24 | 0.31 | 0.31 | 0.83 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥19.55bn | CN¥26.33bn | CN¥30.26bn | CN¥32.93bn | CN¥37.47bn | CN¥32.66bn | CN¥29.67bn | CN¥27.33bn | CN¥26.38bn | CN¥20.61bn |
| Cash and short-term investments | CN¥5.56bn | CN¥1.13bn | CN¥2.22bn | CN¥1.54bn | CN¥3.14bn | CN¥3.01bn | CN¥2.06bn | CN¥2.80bn | CN¥4.34bn | CN¥3.02bn |
| Total liabilities | CN¥16.11bn | CN¥20.77bn | CN¥23.93bn | CN¥23.91bn | CN¥29.04bn | CN¥24.80bn | CN¥21.46bn | CN¥19.50bn | CN¥19.02bn | CN¥16.65bn |
| Debt | CN¥9.96bn | CN¥12.69bn | CN¥17.60bn | CN¥17.07bn | CN¥20.09bn | CN¥17.70bn | CN¥16.20bn | CN¥14.40bn | CN¥11.25bn | CN¥8.10bn |
| Shareholders' equity | CN¥1.16bn | CN¥5.57bn | CN¥6.34bn | CN¥9.02bn | CN¥8.42bn | CN¥7.85bn | CN¥8.20bn | CN¥7.81bn | CN¥7.30bn | CN¥3.90bn |
| Shares outstanding | 1,856m | 1,885m | 1,885m | 1,876m | 1,945m | 2,348m | 2,169m | 1,994m | 1,967m | 1,649m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥768.8m | CN¥5.00bn | CN¥1.66bn | CN¥3.46bn | CN¥1.82bn | CN¥1.73bn | −CN¥1.22bn | −CN¥2.10bn | −CN¥1.23bn | CN¥182.1m |
| Capital spending | −CN¥72.9m | −CN¥177.4m | −CN¥25.4m | −CN¥51.5m | −CN¥197.2m | −CN¥52.3m | −CN¥303.4m | −CN¥485.7m | −CN¥729.6m | −CN¥189.7m |
| Free cash flow | CN¥695.9m | CN¥4.82bn | CN¥1.63bn | CN¥3.41bn | CN¥1.62bn | CN¥1.67bn | −CN¥1.52bn | −CN¥2.59bn | −CN¥1.96bn | −CN¥7.6m |
| Dividends paid | −CN¥681.3m | −CN¥947.3m | −CN¥188.5m | −CN¥1.35bn | −CN¥1.37bn | −CN¥1.38bn | −CN¥1.50bn | −CN¥794.2m | −CN¥1.40bn | −CN¥737.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥526.6m | CN¥703.9m | CN¥756.7m | CN¥820.7m | CN¥918.9m | CN¥2.84bn | CN¥544.3m | CN¥982.2m |
| Gross profit | CN¥225.9m | CN¥329.4m | CN¥295.3m | CN¥288.2m | CN¥337.0m | CN¥870.3m | CN¥242.1m | CN¥305.5m |
| Operating income | CN¥147.6m | CN¥248.3m | CN¥7.6m | CN¥41.9m | CN¥190.2m | CN¥6.5m | CN¥154.2m | −CN¥161.1m |
| Net income | −CN¥4.2m | CN¥39.0m | −CN¥290.8m | −CN¥183.3m | −CN¥91.0m | −CN¥593.2m | −CN¥144.4m | −CN¥575.2m |
| Diluted earnings per share | -0.00 | 0.02 | -0.15 | -0.10 | -0.05 | -0.32 | -0.08 | -0.31 |
| Cash from operations | — | — | CN¥130.0m | CN¥62.0m | CN¥161.0m | — | −CN¥279.0m | CN¥248.0m |
| Capital spending | −CN¥7.0m | −CN¥8.0m | −CN¥4.0m | −CN¥23.0m | −CN¥39.0m | −CN¥17.0m | −CN¥9.0m | −CN¥1.0m |
| Free cash flow | — | — | CN¥126.0m | CN¥39.0m | CN¥122.0m | — | −CN¥288.0m | CN¥247.0m |
| Total assets | CN¥13.53bn | CN¥15.58bn | CN¥17.26bn | CN¥18.55bn | CN¥18.52bn | CN¥19.55bn | CN¥23.89bn | CN¥24.67bn |
| Cash and short-term investments | — | — | CN¥3.90bn | CN¥4.63bn | CN¥4.62bn | CN¥5.56bn | CN¥886.7m | CN¥1.48bn |
| Debt | CN¥5.56bn | CN¥4.89bn | CN¥7.87bn | CN¥9.85bn | CN¥8.81bn | CN¥9.90bn | CN¥9.64bn | CN¥9.22bn |
| Shareholders' equity | CN¥56.3m | CN¥86.3m | CN¥572.5m | CN¥860.8m | CN¥1.07bn | CN¥1.16bn | CN¥4.63bn | CN¥4.78bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 22.7% | 28.7% | -2.8% | 24.3% | 30.0% | 27.5% |
| Operating margin | — | -6.6% | 13.4% | -23.5% | 14.9% | 11.3% | 18.7% |
| Net margin | — | -28.7% | -5.6% | -50.8% | 6.5% | 8.7% | 12.6% |
| Return on equity | — | -130.0% | -7.0% | -32.5% | 5.1% | 6.6% | 6.7% |
| Return on assets | — | -7.7% | -1.5% | -6.8% | 1.4% | 1.5% | 1.6% |
| Free cash flow yield | — | 9.4% | 57.2% | 18.6% | 39.0% | 21.6% | 15.8% |
| Revenue growth | — | -24.6% | 72.9% | -43.3% | 11.6% | 52.4% | 36.2% |
| Earnings growth | — | 288.8% | -81.1% | -546.8% | -17.6% | 6.2% | 2.7% |
| Current ratio | — | 1.30x | 1.50x | 1.45x | 2.20x | 1.98x | 3.14x |
| Debt to equity | — | 8.50x | 2.28x | 1.32x | 1.38x | 1.57x | 1.92x |
| Equity ratio | — | 6.0% | 21.1% | 20.9% | 27.4% | 22.5% | 24.0% |
| Interest coverage | — | -0.54x | 1.82x | -1.92x | 2.19x | 1.47x | 7.62x |
| R&D as a share of sales | — | 0.1% | 0.1% | 0.1% | 0.0% | — | — |
| Buybacks as a share of market value | -1.6% | 1.5% | 0.0% | -0.5% | 3.5% | 17.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.6% | 4.7% | 13.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.1% | 20.6% | 23.2% | 27.4% |
| Operating margin | 4.8% | 3.0% | 6.5% | 14.2% |
| Net margin | -15.5% | -14.9% | -7.1% | 2.1% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.8 | -35.0 | -9.6 | 28.2 | 22.5 | 21.6 | 17.1 | 18.2 | 19.1 | 9.1 |
| Price to sales | 2.5 | 1.9 | 4.9 | 1.8 | 2.0 | 2.7 | 2.9 | 3.6 | 3.7 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Aug 2022.
| FY2022 | FY2018 | FY2017 | FY2016 | FY2014 | FY2013 | FY2001 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.30 | 0.02 | 0.071 | 0.071 | 0.071 | 0.013 |
- 14-for-5 split · 26 May 2016
- 13-for-10 split · 19 Jul 2007
- 1.192-for-1 split · 15 Mar 2006
- 11-for-10 split · 19 Jul 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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