C 
2.87
-0.69%
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¥3.14bn
FY2016FY2025
Net income
−CN¥584.6m
FY2016FY2025
Free cash flow
CN¥975.9m
FY2016FY2025
Shareholders' equity
CN¥2.86bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.14bn | CN¥4.02bn | CN¥3.70bn | CN¥3.12bn | CN¥3.47bn | CN¥3.51bn | CN¥3.27bn | CN¥3.14bn | CN¥2.74bn | CN¥1.46bn |
| Gross profit | −CN¥358.0m | CN¥273.9m | CN¥299.3m | CN¥355.8m | CN¥655.5m | CN¥924.9m | CN¥884.8m | CN¥784.1m | CN¥576.1m | CN¥327.4m |
| Research and development | CN¥1.8m | CN¥2.0m | CN¥450,525 | CN¥320,461 | CN¥633,005 | CN¥978,598 | CN¥162,659 | CN¥1.4m | CN¥16,993 | CN¥16,993 |
| Operating income | −CN¥424.6m | CN¥44.7m | CN¥51.7m | CN¥32.1m | CN¥294.7m | CN¥505.9m | CN¥492.9m | CN¥393.1m | CN¥285.7m | CN¥164.4m |
| Net income | −CN¥584.6m | CN¥22.5m | CN¥66.2m | CN¥63.8m | CN¥301.8m | CN¥437.7m | CN¥401.8m | CN¥316.1m | CN¥240.3m | CN¥140.2m |
| Diluted earnings per share | -0.35 | 0.01 | 0.05 | 0.05 | 0.22 | 0.32 | 0.29 | 0.23 | 0.17 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.82bn | CN¥7.80bn | CN¥7.56bn | CN¥7.33bn | CN¥7.19bn | CN¥6.17bn | CN¥5.73bn | CN¥4.65bn | CN¥4.82bn | CN¥3.22bn |
| Cash and short-term investments | — | CN¥1.08bn | CN¥822.1m | CN¥898.5m | CN¥1.19bn | CN¥745.0m | CN¥818.7m | CN¥648.9m | CN¥577.4m | CN¥160.6m |
| Total liabilities | CN¥2.96bn | CN¥4.35bn | CN¥4.94bn | CN¥4.78bn | CN¥4.76bn | CN¥3.95bn | CN¥3.90bn | CN¥3.22bn | CN¥3.13bn | CN¥2.14bn |
| Debt | CN¥2.02bn | CN¥1.69bn | CN¥4.35bn | CN¥3.63bn | CN¥3.22bn | CN¥2.82bn | CN¥2.59bn | CN¥1.68bn | CN¥2.11bn | CN¥1.02bn |
| Shareholders' equity | CN¥2.86bn | CN¥3.45bn | CN¥2.60bn | CN¥2.54bn | CN¥2.41bn | CN¥2.20bn | CN¥1.81bn | CN¥1.42bn | CN¥1.68bn | CN¥1.03bn |
| Shares outstanding | 1,657m | 1,655m | 1,381m | 1,389m | 1,390m | 1,389m | 1,388m | 1,387m | 1,390m | 1,724m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.23bn | CN¥348.8m | CN¥63.6m | −CN¥48.8m | CN¥379.4m | CN¥189.6m | −CN¥171.8m | CN¥876.4m | −CN¥544.7m | −CN¥357.7m |
| Capital spending | −CN¥251.3m | −CN¥159.1m | −CN¥119.4m | −CN¥209.7m | −CN¥80.6m | −CN¥60.7m | −CN¥87.1m | −CN¥66.8m | −CN¥59.7m | −CN¥40.8m |
| Free cash flow | CN¥975.9m | CN¥189.7m | −CN¥55.8m | −CN¥258.4m | CN¥298.8m | CN¥128.9m | −CN¥258.9m | CN¥809.6m | −CN¥604.3m | −CN¥398.5m |
| Dividends paid | −CN¥75.3m | −CN¥161.7m | −CN¥112.8m | −CN¥13.9m | −CN¥150.3m | −CN¥43.5m | −CN¥110.3m | −CN¥124.0m | −CN¥99.3m | −CN¥62.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥775.0m | CN¥482.6m | CN¥687.4m | CN¥1.07bn | CN¥625.9m | CN¥754.6m | CN¥1.12bn | CN¥1.08bn |
| Gross profit | CN¥37.2m | CN¥17.5m | −CN¥88.6m | CN¥42.0m | −CN¥357.8m | CN¥46.4m | −CN¥101.2m | CN¥64.8m |
| Operating income | CN¥8.6m | −CN¥10.6m | −CN¥123.9m | −CN¥8.2m | −CN¥366.9m | −CN¥3.0m | −CN¥48.1m | −CN¥109.0m |
| Net income | −CN¥4.8m | −CN¥25.9m | −CN¥211.6m | −CN¥7.9m | −CN¥363.0m | −CN¥2.0m | −CN¥40.8m | −CN¥98.9m |
| Diluted earnings per share | -0.00 | -0.02 | -0.13 | -0.00 | -0.22 | -0.00 | -0.02 | -0.06 |
| Cash from operations | — | — | — | CN¥611.0m | −CN¥51.0m | CN¥334.0m | CN¥747.0m | −CN¥153.0m |
| Capital spending | −CN¥27.0m | −CN¥11.0m | −CN¥51.0m | −CN¥23.0m | −CN¥76.0m | −CN¥99.0m | −CN¥35.0m | −CN¥68.0m |
| Free cash flow | — | — | — | CN¥588.0m | −CN¥127.0m | CN¥235.0m | CN¥712.0m | −CN¥221.0m |
| Total assets | CN¥5.09bn | CN¥5.44bn | CN¥5.82bn | CN¥6.64bn | CN¥6.95bn | CN¥7.77bn | CN¥7.80bn | CN¥8.34bn |
| Cash and short-term investments | — | — | — | CN¥1.08bn | CN¥759.0m | CN¥1.28bn | CN¥1.08bn | CN¥901.2m |
| Debt | CN¥1.51bn | CN¥1.80bn | CN¥2.02bn | CN¥1.12bn | CN¥3.10bn | CN¥3.53bn | CN¥1.68bn | CN¥4.19bn |
| Shareholders' equity | CN¥2.84bn | CN¥2.85bn | CN¥2.86bn | CN¥3.07bn | CN¥3.08bn | CN¥3.44bn | CN¥3.45bn | CN¥3.49bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -8.2% | 6.8% | 8.1% | 11.4% | 18.9% | 26.3% |
| Operating margin | -15.3% | 4.4% | 5.5% | 6.2% | 13.7% | 19.4% |
| Net margin | -18.6% | 0.6% | 1.8% | 2.0% | 8.7% | 12.5% |
| Return on equity | -20.4% | 0.7% | 2.5% | 2.5% | 12.5% | 19.9% |
| Return on assets | -10.0% | 0.3% | 0.9% | 0.9% | 4.2% | 7.1% |
| Free cash flow yield | 26.9% | 9.2% | 4.0% | 3.5% | 10.0% | 5.4% |
| Revenue growth | -22.1% | 8.7% | 18.5% | -10.0% | -1.3% | 7.4% |
| Earnings growth | -2701.3% | -66.0% | 3.8% | -78.9% | -31.0% | 8.9% |
| Current ratio | 5.64x | 1.84x | 2.49x | 3.47x | 1.88x | 1.79x |
| Debt to equity | 0.71x | 0.49x | 1.67x | 1.29x | 1.37x | 1.22x |
| Equity ratio | 49.2% | 44.2% | 34.5% | 34.6% | 33.6% | 35.7% |
| Interest coverage | -5.95x | 1.31x | 1.34x | 1.20x | 2.73x | 4.14x |
| R&D as a share of sales | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.1% | -19.8% | 0.6% | 0.0% | -0.1% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.1% | -2.2% | 6.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -1.2% | 4.1% | 10.3% | 15.4% |
| Operating margin | -5.3% | -2.1% | 2.4% | 6.2% |
| Net margin | -7.9% | -3.1% | 1.5% | 4.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.5 | 390.3 | 91.4 | 107.2 | 34.9 | 18.2 | 17.7 | 17.9 | 37.5 | 103.8 |
| Price to sales | 2.1 | 2.2 | 1.6 | 2.2 | 3.0 | 2.3 | 2.2 | 1.8 | 3.3 | 9.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Oct 2024.
| FY2024 | FY2022 | FY2004 | FY2002 | FY2001 | FY2000 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.031 | 0.01 | 0.05 | 0.04 | 0.031 | 0.047 |
- 1-to-1 reverse split · 13 Jul 2006
- 8-for-5 split · 20 Apr 2004
- 2-for-1 split · 15 May 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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