D 
6.37
-0.16%
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¥1.01bn
FY2016FY2025
Net income
−CN¥57.2m
FY2016FY2025
Free cash flow
−CN¥34.8m
FY2016FY2025
Shareholders' equity
CN¥257.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.01bn | CN¥942.4m | CN¥1.02bn | CN¥1.07bn | CN¥1.31bn | CN¥1.63bn | CN¥1.43bn | CN¥2.34bn | CN¥4.35bn | CN¥7.23bn |
| Gross profit | CN¥420.0m | CN¥423.2m | CN¥455.2m | CN¥494.7m | CN¥503.5m | CN¥614.5m | CN¥395.0m | CN¥546.2m | CN¥407.6m | CN¥521.7m |
| Research and development | CN¥217.1m | CN¥224.6m | CN¥187.3m | CN¥180.1m | CN¥248.2m | CN¥428.1m | CN¥274.6m | CN¥312.9m | CN¥516.1m | CN¥509.0m |
| Operating income | CN¥33.0m | −CN¥43.4m | CN¥49.1m | CN¥106.6m | CN¥128.1m | −CN¥367.7m | −CN¥742.0m | CN¥828.4m | −CN¥2.81bn | −CN¥1.92bn |
| Net income | −CN¥57.2m | CN¥27.9m | CN¥39.1m | CN¥37.6m | −CN¥51.0m | −CN¥1.32bn | −CN¥899.3m | CN¥563.7m | −CN¥2.65bn | −CN¥1.78bn |
| Diluted earnings per share | -0.04 | 0.02 | 0.03 | 0.03 | -0.04 | -1.50 | -1.02 | 0.64 | -3.00 | -2.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.96bn | CN¥2.73bn | CN¥2.88bn | CN¥3.53bn | CN¥4.56bn | CN¥3.14bn | CN¥5.77bn | CN¥7.37bn | CN¥8.73bn | CN¥11.99bn |
| Cash and short-term investments | — | CN¥438.0m | CN¥494.1m | CN¥760.4m | CN¥1.25bn | CN¥307.1m | CN¥440.4m | CN¥1.05bn | CN¥1.37bn | CN¥1.72bn |
| Total liabilities | CN¥2.32bn | CN¥2.07bn | CN¥2.25bn | CN¥1.74bn | CN¥2.85bn | CN¥3.66bn | CN¥4.34bn | CN¥6.77bn | CN¥8.69bn | CN¥9.46bn |
| Debt | CN¥30.0m | CN¥277.4m | CN¥233.1m | CN¥302.4m | CN¥675.2m | CN¥1.01bn | CN¥2.10bn | CN¥2.63bn | CN¥5.79bn | CN¥5.10bn |
| Shareholders' equity | CN¥257.8m | CN¥321.6m | CN¥310.0m | CN¥493.0m | CN¥430.8m | −CN¥1.31bn | CN¥33.5m | CN¥185.2m | −CN¥382.2m | CN¥2.29bn |
| Shares outstanding | 1,304m | 1,316m | 1,313m | 1,314m | 1,314m | 882m | 882m | 882m | 882m | 882m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥66.4m | −CN¥152.4m | −CN¥26.0m | CN¥14.8m | −CN¥296.8m | CN¥29.7m | CN¥266.8m | CN¥194.3m | −CN¥39.8m | CN¥738.6m |
| Capital spending | −CN¥101.2m | −CN¥130.3m | −CN¥109.9m | −CN¥20.8m | −CN¥23.4m | −CN¥66.3m | −CN¥152.8m | −CN¥178.2m | −CN¥165.8m | −CN¥439.3m |
| Free cash flow | −CN¥34.8m | −CN¥282.6m | −CN¥136.0m | −CN¥6.0m | −CN¥320.3m | −CN¥36.6m | CN¥113.9m | CN¥16.1m | −CN¥205.6m | CN¥299.3m |
| Dividends paid | −CN¥11.8m | −CN¥10.9m | −CN¥8.5m | −CN¥16.9m | −CN¥232.5m | −CN¥136.9m | −CN¥150.7m | −CN¥184.2m | −CN¥308.6m | −CN¥293.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥272.1m | CN¥87.0m | CN¥448.2m | CN¥281.9m | CN¥218.0m | CN¥57.1m | CN¥488.1m | CN¥169.6m |
| Gross profit | CN¥140.8m | CN¥14.7m | CN¥109.2m | CN¥169.1m | CN¥125.7m | CN¥15.6m | CN¥201.9m | CN¥93.6m |
| Operating income | CN¥50.0m | −CN¥65.4m | −CN¥46.8m | CN¥92.0m | CN¥29.1m | −CN¥83.0m | CN¥122.7m | −CN¥16.0m |
| Net income | CN¥4.4m | −CN¥65.4m | −CN¥7.6m | CN¥31.6m | −CN¥7.4m | −CN¥73.8m | CN¥118.4m | −CN¥28.7m |
| Diluted earnings per share | 0.00 | -0.05 | -0.01 | 0.02 | -0.01 | -0.06 | 0.09 | -0.02 |
| Cash from operations | — | — | — | CN¥9.0m | −CN¥76.0m | −CN¥95.0m | — | −CN¥72.0m |
| Capital spending | −CN¥15.0m | −CN¥16.0m | −CN¥38.0m | −CN¥19.0m | −CN¥23.0m | −CN¥19.0m | −CN¥29.0m | −CN¥15.0m |
| Free cash flow | — | — | — | −CN¥10.0m | −CN¥99.0m | −CN¥114.0m | — | −CN¥87.0m |
| Total assets | CN¥2.89bn | CN¥2.84bn | CN¥2.96bn | CN¥2.91bn | CN¥2.71bn | CN¥2.72bn | CN¥2.73bn | CN¥2.64bn |
| Cash and short-term investments | — | — | — | CN¥304.0m | CN¥230.1m | CN¥403.6m | CN¥438.0m | CN¥261.7m |
| Debt | — | CN¥30.0m | CN¥30.0m | CN¥986.5m | CN¥333.6m | CN¥234.3m | CN¥270.6m | CN¥250.6m |
| Shareholders' equity | CN¥205.1m | CN¥192.4m | CN¥257.8m | CN¥274.2m | CN¥240.6m | CN¥247.8m | CN¥321.6m | CN¥219.9m |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 41.8% | 44.9% | 44.4% | 46.0% | 38.4% | 37.8% |
| Operating margin | 3.3% | -4.6% | 4.8% | 9.9% | 9.8% | -22.6% |
| Net margin | -5.7% | 3.0% | 3.8% | 3.5% | -3.9% | -81.2% |
| Return on equity | -22.2% | 8.7% | 12.6% | 7.6% | -11.8% | 100.6% |
| Return on assets | -1.9% | 1.0% | 1.4% | 1.1% | -1.1% | -42.0% |
| Free cash flow yield | 1.8% | -0.2% | 0.9% | 0.4% | -2.9% | 1.5% |
| Revenue growth | 6.7% | -8.1% | -4.7% | -18.0% | -19.4% | 13.7% |
| Earnings growth | -304.9% | -28.7% | 3.8% | -173.9% | -96.1% | 46.8% |
| Current ratio | 1.01x | 1.72x | 0.97x | 1.41x | 1.20x | 0.44x |
| Debt to equity | 0.12x | 0.84x | 0.69x | 0.54x | 1.07x | -1.37x |
| Equity ratio | 8.7% | 11.8% | 10.8% | 14.0% | 9.4% | -41.8% |
| Interest coverage | 0.85x | -1.57x | 3.86x | 2.53x | 1.52x | -3.28x |
| R&D as a share of sales | 21.6% | 23.8% | 18.3% | 16.8% | 18.9% | 26.3% |
| Buybacks as a share of market value | 0.9% | -0.2% | 0.0% | 0.0% | -48.9% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.2% | -9.2% | -19.3% |
| Operating income | -32.4% | — | — |
| Net income | — | -46.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.3% | 44.3% | 41.7% | 18.8% |
| Operating margin | -0.5% | 3.6% | -1.4% | -16.0% |
| Net margin | -1.5% | 1.2% | -18.9% | -19.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -220.1 | 407.1 | 220.7 | 206.6 | -228.2 | -6.9 | -10.5 | 10.6 | -2.3 | -4.8 |
| Price to sales | 12.5 | 12.1 | 8.4 | 7.2 | 8.9 | 5.6 | 6.6 | 2.5 | 1.4 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Oct 2001.
| FY2001 | FY2000 | |
|---|---|---|
| Paid in the year | 0.20 | 0.136 |
- 1-to-1 reverse split · 30 May 2006
- 1.272-for-1 split · 18 Oct 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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