H 
1.20
-0.83%
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¥68.47bn
FY2016FY2025
Net income
CN¥1.98bn
FY2016FY2025
Free cash flow
CN¥13.86bn
FY2016FY2025
Shareholders' equity
CN¥5.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥68.47bn | CN¥65.24bn | CN¥58.64bn | CN¥22.86bn | CN¥34.00bn | CN¥29.40bn | CN¥72.39bn | CN¥67.76bn | CN¥59.90bn | CN¥40.68bn |
| Gross profit | CN¥5.26bn | CN¥4.85bn | CN¥6.15bn | −CN¥11.76bn | −CN¥8.04bn | −CN¥12.09bn | CN¥5.37bn | CN¥4.95bn | CN¥8.11bn | CN¥9.32bn |
| Research and development | CN¥18.2m | CN¥36.5m | CN¥30.2m | CN¥58.9m | CN¥91.3m | CN¥118.6m | CN¥33.9m | — | — | — |
| Operating income | CN¥4.19bn | −CN¥1.34bn | −CN¥676.0m | −CN¥28.39bn | −CN¥11.22bn | −CN¥71.55bn | CN¥798.0m | −CN¥5.11bn | CN¥4.85bn | CN¥5.78bn |
| Net income | CN¥1.98bn | −CN¥921.2m | CN¥310.9m | −CN¥20.25bn | CN¥4.72bn | −CN¥64.00bn | CN¥519.0m | −CN¥3.59bn | CN¥3.32bn | CN¥3.14bn |
| Diluted earnings per share | 0.05 | -0.02 | 0.01 | -0.47 | 0.21 | -3.81 | 0.03 | -0.22 | 0.19 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥152.29bn | CN¥141.71bn | CN¥134.03bn | CN¥138.11bn | CN¥143.25bn | CN¥164.58bn | CN¥196.53bn | CN¥204.74bn | CN¥197.35bn | CN¥148.14bn |
| Cash and short-term investments | — | CN¥11.91bn | CN¥9.31bn | CN¥10.92bn | CN¥14.03bn | CN¥12.84bn | CN¥30.36bn | CN¥38.47bn | CN¥36.94bn | CN¥21.60bn |
| Total liabilities | CN¥146.91bn | CN¥140.17bn | CN¥132.46bn | CN¥137.66bn | CN¥132.29bn | CN¥186.83bn | CN¥134.43bn | CN¥135.98bn | CN¥123.39bn | CN¥80.27bn |
| Debt | — | CN¥105.41bn | CN¥104.68bn | CN¥114.08bn | CN¥106.93bn | CN¥140.14bn | CN¥115.26bn | CN¥108.42bn | CN¥95.72bn | CN¥62.62bn |
| Shareholders' equity | CN¥5.26bn | CN¥2.27bn | CN¥2.31bn | CN¥1.16bn | CN¥8.49bn | −CN¥28.37bn | CN¥52.17bn | CN¥53.53bn | CN¥57.62bn | CN¥55.96bn |
| Shares outstanding | 43,216m | 43,543m | 48,072m | 43,216m | 22,206m | 16,809m | 18,066m | 16,408m | 17,531m | 13,206m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥16.05bn | CN¥14.13bn | CN¥8.08bn | −CN¥2.19bn | CN¥677.3m | −CN¥506.1m | CN¥13.73bn | CN¥9.22bn | CN¥12.96bn | CN¥12.29bn |
| Capital spending | −CN¥2.19bn | −CN¥3.21bn | −CN¥2.63bn | −CN¥1.03bn | −CN¥1.55bn | −CN¥1.39bn | −CN¥917.9m | −CN¥3.12bn | −CN¥13.29bn | −CN¥8.50bn |
| Free cash flow | CN¥13.86bn | CN¥10.92bn | CN¥5.45bn | −CN¥3.22bn | −CN¥876.3m | −CN¥1.90bn | CN¥12.81bn | CN¥6.10bn | −CN¥325.3m | CN¥3.79bn |
| Dividends paid | −CN¥1.55bn | −CN¥1.77bn | −CN¥1.92bn | −CN¥1.66bn | −CN¥115.0m | −CN¥454.0m | −CN¥5.02bn | −CN¥5.84bn | −CN¥5.91bn | −CN¥3.63bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.04bn | CN¥18.47bn | CN¥15.03bn | CN¥20.35bn | CN¥15.48bn | CN¥17.60bn | CN¥13.51bn | CN¥19.99bn |
| Gross profit | −CN¥1.46bn | CN¥2.19bn | −CN¥762.3m | CN¥3.80bn | CN¥421.8m | CN¥1.80bn | −CN¥643.4m | CN¥3.19bn |
| Operating income | −CN¥1.83bn | CN¥1.66bn | −CN¥1.06bn | CN¥2.78bn | CN¥846.6m | CN¥1.08bn | −CN¥3.34bn | CN¥2.66bn |
| Net income | −CN¥1.46bn | CN¥1.73bn | −CN¥865.3m | CN¥2.79bn | −CN¥215.3m | CN¥272.3m | −CN¥3.09bn | CN¥2.81bn |
| Diluted earnings per share | -0.03 | 0.04 | -0.02 | 0.06 | -0.00 | 0.01 | -0.07 | 0.06 |
| Cash from operations | — | — | — | CN¥5.73bn | CN¥2.64bn | CN¥2.98bn | — | CN¥5.30bn |
| Capital spending | −CN¥606.0m | −CN¥554.0m | −CN¥548.0m | −CN¥930.0m | −CN¥489.0m | −CN¥219.0m | −CN¥880.0m | −CN¥899.0m |
| Free cash flow | — | — | — | CN¥4.80bn | CN¥2.15bn | CN¥2.77bn | — | CN¥4.40bn |
| Total assets | CN¥154.24bn | CN¥150.17bn | CN¥152.29bn | CN¥149.57bn | CN¥142.44bn | CN¥139.79bn | CN¥141.71bn | CN¥143.88bn |
| Cash and short-term investments | — | — | — | CN¥16.04bn | CN¥11.53bn | CN¥10.54bn | CN¥11.91bn | CN¥15.04bn |
| Debt | CN¥42.35bn | CN¥41.21bn | CN¥41.58bn | CN¥25.92bn | CN¥50.27bn | CN¥49.34bn | CN¥49.53bn | CN¥72.69bn |
| Shareholders' equity | CN¥5.49bn | CN¥6.95bn | CN¥5.26bn | CN¥5.38bn | CN¥2.56bn | CN¥2.50bn | CN¥2.27bn | CN¥4.36bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.1% | 18.4% | 6.9% |
| Operating income | — | — | 3.3% |
| Net income | — | — | -4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.6% | 2.1% | -5.6% | 3.9% |
| Operating margin | 2.1% | -12.2% | -39.1% | -18.0% |
| Net margin | 0.8% | -8.8% | -28.1% | -12.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 39.5 | -80.3 | 211.9 | -4.0 | 8.8 | -0.4 | 60.2 | -8.6 | 16.8 | 13.8 |
| Price to sales | 1.1 | 1.1 | 1.1 | 3.5 | 1.2 | 0.9 | 0.4 | 0.5 | 0.9 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2018.
| FY2018 | FY2017 | FY2015 | FY2013 | FY2012 | FY2011 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.051 | 0.064 | 0.05 | 0.06 | 0.025 | 0.01 | 0.03 |
- 10-to-10 reverse split · 6 Dec 2021
- 2-for-1 split · 7 Jun 2013
- 1-to-1 reverse split · 29 Sept 2006
- 27-for-25 split · 13 Jul 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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