Q 
2.57
-1.15%
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¥3.59bn
FY2016FY2025
Net income
CN¥261.1m
FY2016FY2025
Free cash flow
CN¥110.4m
FY2016FY2025
Shareholders' equity
CN¥41.31bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.59bn | CN¥16.49bn | CN¥17.21bn | CN¥12.90bn | CN¥16.89bn | CN¥13.79bn | CN¥14.81bn | CN¥17.23bn | CN¥17.50bn | CN¥13.63bn |
| Gross profit | CN¥666.8m | CN¥5.40bn | CN¥5.67bn | CN¥2.86bn | CN¥3.52bn | CN¥3.92bn | CN¥5.23bn | CN¥4.88bn | CN¥5.01bn | CN¥2.79bn |
| Research and development | — | — | — | — | — | — | — | — | CN¥6.8m | CN¥7.1m |
| Operating income | — | CN¥3.35bn | CN¥5.30bn | CN¥949.6m | CN¥2.89bn | CN¥1.24bn | CN¥2.84bn | CN¥3.55bn | CN¥5.25bn | CN¥1.58bn |
| Net income | CN¥261.1m | CN¥1.02bn | CN¥1.63bn | CN¥1.86bn | CN¥2.24bn | CN¥3.16bn | CN¥2.15bn | CN¥2.51bn | CN¥3.32bn | CN¥5.84bn |
| Diluted earnings per share | 0.03 | 0.12 | 0.19 | 0.22 | 0.29 | 0.37 | 0.25 | 0.29 | 0.39 | 0.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥93.17bn | CN¥97.03bn | CN¥110.87bn | CN¥124.50bn | CN¥132.50bn | CN¥135.68bn | CN¥144.03bn | CN¥139.87bn | CN¥124.57bn | CN¥111.57bn |
| Cash and short-term investments | — | CN¥7.49bn | CN¥7.41bn | CN¥11.20bn | CN¥19.18bn | CN¥19.39bn | CN¥16.63bn | CN¥17.50bn | CN¥18.41bn | CN¥19.25bn |
| Total liabilities | CN¥51.52bn | CN¥54.58bn | CN¥67.18bn | CN¥82.53bn | CN¥91.73bn | CN¥97.16bn | CN¥108.87bn | CN¥105.48bn | CN¥91.67bn | CN¥81.67bn |
| Debt | CN¥12.87bn | CN¥17.73bn | CN¥36.28bn | CN¥32.77bn | CN¥39.67bn | CN¥51.30bn | CN¥72.04bn | CN¥77.77bn | CN¥65.45bn | CN¥52.68bn |
| Shareholders' equity | CN¥41.31bn | CN¥41.90bn | CN¥42.73bn | CN¥41.16bn | CN¥40.04bn | CN¥37.84bn | CN¥34.43bn | CN¥33.62bn | CN¥32.21bn | CN¥29.05bn |
| Shares outstanding | 8,445m | 8,507m | 8,509m | 8,434m | 7,802m | 8,504m | 8,464m | 8,695m | 8,599m | 8,536m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥138.9m | CN¥362.5m | −CN¥2.73bn | CN¥3.39bn | CN¥14.56bn | CN¥5.04bn | CN¥2.27bn | −CN¥3.78bn | CN¥1.68bn | CN¥4.63bn |
| Capital spending | −CN¥28.6m | −CN¥25.2m | −CN¥23.9m | −CN¥25.8m | −CN¥80.2m | −CN¥61.5m | −CN¥48.3m | −CN¥34.9m | −CN¥41.6m | −CN¥446.3m |
| Free cash flow | CN¥110.4m | CN¥337.3m | −CN¥2.75bn | CN¥3.37bn | CN¥14.48bn | CN¥4.98bn | CN¥2.22bn | −CN¥3.81bn | CN¥1.64bn | CN¥4.18bn |
| Dividends paid | −CN¥1.85bn | −CN¥2.07bn | −CN¥2.61bn | −CN¥2.41bn | −CN¥472.3m | −CN¥84.3m | −CN¥500.8m | −CN¥5.09bn | −CN¥4.12bn | −CN¥4.20bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥213.9m | CN¥170.6m | CN¥2.54bn | CN¥343.7m | CN¥362.5m | CN¥344.9m | CN¥2.36bn | CN¥1.50bn |
| Gross profit | CN¥47.9m | CN¥22.2m | CN¥439.7m | CN¥48.5m | −CN¥49.4m | CN¥95.0m | −CN¥293.9m | CN¥516.5m |
| Operating income | −CN¥61.3m | −CN¥89.7m | CN¥79.3m | −CN¥99.0m | CN¥180.2m | CN¥467.4m | −CN¥999.2m | CN¥701.4m |
| Net income | −CN¥145.3m | CN¥314.5m | −CN¥280.0m | CN¥281.3m | −CN¥164.1m | CN¥424.0m | −CN¥967.2m | CN¥448.3m |
| Diluted earnings per share | -0.02 | 0.04 | -0.03 | 0.03 | -0.02 | 0.05 | -0.11 | 0.05 |
| Cash from operations | — | — | — | CN¥468.0m | −CN¥115.0m | CN¥309.0m | — | CN¥1.08bn |
| Capital spending | −CN¥18.0m | −CN¥3.0m | −CN¥23.0m | — | — | −CN¥3.0m | −CN¥1.0m | −CN¥13.0m |
| Free cash flow | — | — | — | — | — | CN¥306.0m | — | CN¥1.06bn |
| Total assets | CN¥94.57bn | CN¥93.62bn | CN¥93.17bn | CN¥97.05bn | CN¥98.14bn | CN¥96.64bn | CN¥97.03bn | CN¥100.87bn |
| Cash and short-term investments | — | — | — | CN¥6.93bn | CN¥8.00bn | CN¥6.98bn | CN¥7.49bn | CN¥6.87bn |
| Debt | CN¥10.72bn | CN¥12.02bn | CN¥12.87bn | CN¥14.40bn | CN¥21.89bn | CN¥27.89bn | CN¥17.73bn | CN¥29.54bn |
| Shareholders' equity | CN¥41.65bn | CN¥41.79bn | CN¥41.31bn | CN¥41.63bn | CN¥41.57bn | CN¥41.57bn | CN¥41.90bn | CN¥44.01bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 18.6% | 32.8% | 33.0% | 22.2% | 20.8% | 28.4% | — | — | — | — | — | — |
| Operating margin | — | 20.3% | 30.8% | 7.4% | 17.1% | 9.0% | 19.1% | — | — | — | — | — |
| Net margin | 7.3% | 6.2% | 9.5% | 14.4% | 13.2% | 22.9% | — | — | — | — | — | — |
| Return on equity | 0.6% | 2.4% | 3.8% | 4.5% | 5.6% | 8.4% | — | — | — | — | — | — |
| Return on assets | 0.3% | 1.0% | 1.5% | 1.5% | 1.7% | 2.3% | — | — | — | — | — | — |
| Free cash flow yield | 0.7% | 1.6% | -11.0% | 14.0% | 64.7% | 20.7% | — | — | — | — | — | — |
| Revenue growth | -78.2% | -4.2% | 33.4% | -23.6% | 22.5% | -6.9% | — | — | — | — | — | — |
| Earnings growth | -74.3% | -37.7% | -12.2% | -16.9% | -29.3% | 47.0% | — | — | — | — | — | — |
| Current ratio | 1.09x | 0.97x | 1.17x | 1.15x | 1.23x | 1.34x | — | — | — | — | — | — |
| Debt to equity | 0.31x | 0.42x | 0.78x | 0.58x | 0.99x | 1.30x | — | — | — | — | — | — |
| Equity ratio | 44.3% | 43.2% | 38.5% | 33.1% | 30.2% | 27.9% | — | — | — | — | — | — |
| Interest coverage | — | 1.80x | 2.63x | 0.49x | 1.24x | 0.43x | 1.02x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.7% | 0.0% | -0.9% | -8.1% | 8.3% | -0.5% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -34.7% | -23.6% | -11.1% |
| Net income | -48.0% | -39.3% | -13.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.2% | 29.1% | 27.3% | 27.4% |
| Net margin | 6.4% | 9.5% | 12.6% | 16.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 125.2 | 24.8 | 11.3 | 11.5 | 10.4 | 8.3 | 14.9 | 10.1 | 13.5 | 6.1 |
| Price to sales | 9.1 | 1.5 | 1.1 | 1.7 | 1.4 | 1.9 | 2.2 | 1.5 | 2.6 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2023.
| FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.056 | 0.01 | 0.059 | 0.057 | 0.05 | 0.056 | 0.062 |
- 6-for-5 split · 1 Jul 2011
- 3-for-2 split · 1 Apr 2010
- 8-for-5 split · 13 Mar 2008
- 11-for-10 split · 8 May 2007
- 1.247-for-1 split · 14 Feb 2006
- 6-for-5 split · 24 Jul 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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