P 
5.99
+2.22%
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.
Net income
−CN¥347.9m
FY2016FY2025
Free cash flow
CN¥16.0m
FY2016FY2025
Shareholders' equity
CN¥2.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | CN¥9.0m | CN¥27.5m | CN¥15.4m | CN¥2.8m | — | — | — | — | — | — |
| Operating income | −CN¥281.9m | CN¥79.7m | CN¥75.0m | CN¥165.3m | CN¥120.3m | CN¥25.5m | CN¥16.0m | CN¥114.9m | CN¥21.8m | CN¥26.4m |
| Net income | −CN¥347.9m | CN¥64.4m | CN¥121.2m | CN¥142.5m | CN¥131.5m | CN¥83.3m | CN¥77.0m | CN¥97.7m | CN¥9.0m | CN¥7.7m |
| Diluted earnings per share | -0.76 | 0.14 | 0.26 | 0.32 | 0.30 | 0.18 | 0.16 | 0.21 | 0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.82bn | CN¥3.59bn | CN¥3.96bn | CN¥3.59bn | CN¥3.40bn | CN¥2.82bn | CN¥2.85bn | CN¥2.87bn | CN¥3.18bn | CN¥3.41bn |
| Cash and short-term investments | — | CN¥168.5m | CN¥177.7m | CN¥42.9m | CN¥67.2m | CN¥911.6m | CN¥1.18bn | CN¥926.1m | CN¥160.1m | CN¥166.9m |
| Total liabilities | CN¥1.30bn | CN¥1.59bn | CN¥1.98bn | CN¥1.96bn | CN¥2.01bn | CN¥341.8m | CN¥272.9m | CN¥340.0m | CN¥748.8m | CN¥985.2m |
| Debt | CN¥98.8m | CN¥511.1m | CN¥740.6m | CN¥963.1m | CN¥1.16bn | CN¥894.8m | CN¥14.1m | — | — | CN¥305.0m |
| Shareholders' equity | CN¥2.52bn | CN¥2.00bn | CN¥1.98bn | CN¥1.62bn | CN¥1.40bn | CN¥2.48bn | CN¥2.57bn | CN¥2.53bn | CN¥2.43bn | CN¥2.42bn |
| Shares outstanding | 457m | 457m | 461m | 443m | 439m | 465m | 467m | 465m | 464m | 466m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥17.1m | −CN¥54.9m | −CN¥311.6m | CN¥108.7m | −CN¥187.6m | CN¥56.6m | CN¥47.0m | CN¥141.2m | CN¥210.2m | CN¥71.0m |
| Capital spending | −CN¥1.1m | −CN¥19.4m | −CN¥61.1m | −CN¥43.5m | −CN¥41.2m | −CN¥51.7m | −CN¥53.7m | −CN¥45.6m | −CN¥1.7m | −CN¥798,593 |
| Free cash flow | CN¥16.0m | −CN¥74.3m | −CN¥372.7m | CN¥65.2m | −CN¥228.8m | CN¥4.9m | −CN¥6.7m | CN¥95.6m | CN¥208.5m | CN¥70.2m |
| Dividends paid | −CN¥36.3m | −CN¥72.4m | −CN¥39.9m | −CN¥19.7m | −CN¥41.7m | −CN¥23.3m | −CN¥29.8m | −CN¥2.8m | −CN¥10.4m | −CN¥35.8m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −CN¥6.9m | −CN¥27.3m | −CN¥33.6m | −CN¥162.8m | −CN¥56.5m | −CN¥27.2m | −CN¥22.7m | −CN¥2.8m |
| Net income | −CN¥4.5m | −CN¥5.2m | −CN¥22.5m | −CN¥263.3m | −CN¥49.5m | −CN¥21.8m | −CN¥13.3m | −CN¥21.4m |
| Diluted earnings per share | -0.01 | -0.01 | -0.05 | -0.58 | -0.11 | -0.05 | -0.03 | -0.05 |
| Cash from operations | — | — | — | — | CN¥74.0m | −CN¥57.0m | CN¥24.0m | — |
| Capital spending | — | — | — | — | — | — | — | −CN¥17.0m |
| Total assets | CN¥3.38bn | CN¥3.29bn | CN¥3.78bn | CN¥3.82bn | CN¥3.19bn | CN¥3.29bn | CN¥3.42bn | CN¥3.59bn |
| Cash and short-term investments | — | — | — | — | CN¥21.9m | CN¥22.9m | CN¥48.0m | CN¥168.5m |
| Debt | CN¥98.5m | CN¥103.4m | CN¥109.0m | CN¥98.8m | CN¥150.0m | CN¥527.4m | CN¥458.2m | CN¥490.8m |
| Shareholders' equity | CN¥2.40bn | CN¥2.43bn | CN¥2.45bn | CN¥2.52bn | CN¥2.03bn | CN¥2.06bn | CN¥1.99bn | CN¥2.00bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -41.5% | 5.9% | 5.3% | 17.7% | 10.5% | 114.6% |
| Net margin | -39.4% | 3.5% | 5.7% | 12.7% | 9.2% | 49.3% |
| Return on equity | -13.8% | 3.2% | 6.1% | 8.8% | 9.4% | 3.4% |
| Return on assets | -9.1% | 1.8% | 3.1% | 4.0% | 3.9% | 3.0% |
| Free cash flow yield | 0.6% | -1.2% | -8.6% | 5.4% | -5.3% | 3.7% |
| Revenue growth | -52.1% | -13.7% | 91.0% | -21.3% | 741.3% | -9.5% |
| Earnings growth | -639.9% | -46.8% | -15.0% | 8.4% | 57.8% | 8.2% |
| Current ratio | 1.79x | 1.30x | 1.11x | 1.04x | 1.27x | 7.86x |
| Debt to equity | 0.04x | 0.25x | 0.36x | 0.02x | 0.14x | 0.06x |
| Equity ratio | 66.1% | 55.8% | 50.1% | 45.3% | 41.0% | 87.9% |
| Interest coverage | -12.69x | 3.19x | 3.02x | 6.23x | 5.93x | 3.98x |
| R&D as a share of sales | 1.0% | 1.5% | 0.7% | 0.3% | — | — |
| Buybacks as a share of market value | 0.0% | 0.9% | -4.1% | -1.1% | 5.7% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.6% | 39.2% | 9.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.4% | 0.6% | 2.4% | 3.9% |
| Net margin | -10.4% | -0.3% | 2.6% | 4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.4 | 48.5 | 32.5 | 17.9 | 27.5 | 30.1 | 39.8 | 32.1 | — | — |
| Price to sales | 3.7 | 1.7 | 1.8 | 2.3 | 2.5 | 14.9 | 16.4 | 5.3 | 11.9 | 13.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 9 Jun 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.10 | 0.045 | 0.095 | 0.05 | 0.064 | 0.006 | 0.005 |
- 13-for-10 split · 3 Jun 2011
- 1-to-1 reverse split · 27 Dec 2006
- 6-for-5 split · 16 May 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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