G 
2.25
+2.74%
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¥1.75bn
FY2016FY2025
Net income
−CN¥357.1m
FY2016FY2025
Free cash flow
−CN¥119.8m
FY2016FY2025
Shareholders' equity
CN¥5.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.75bn | CN¥2.27bn | CN¥3.10bn | CN¥2.71bn | CN¥3.16bn | CN¥3.68bn | CN¥3.81bn | CN¥3.30bn | CN¥2.05bn | CN¥1.67bn |
| Research and development | CN¥125.3m | CN¥14.3m | CN¥21.9m | CN¥134.9m | CN¥197.7m | CN¥131.5m | CN¥64.0m | CN¥44.7m | CN¥46.9m | CN¥62.3m |
| Operating income | −CN¥177.7m | −CN¥517.1m | CN¥132.7m | CN¥43.4m | CN¥177.9m | CN¥346.7m | CN¥907.3m | CN¥707.4m | CN¥773.7m | CN¥617.8m |
| Net income | −CN¥357.1m | −CN¥377.0m | CN¥84.3m | CN¥79.0m | CN¥306.9m | CN¥562.8m | CN¥745.0m | CN¥613.4m | CN¥604.9m | CN¥489.4m |
| Diluted earnings per share | -0.12 | -0.11 | 0.02 | 0.02 | 0.09 | 0.16 | 0.21 | 0.17 | 0.17 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥10.07bn | CN¥10.98bn | CN¥11.67bn | CN¥11.75bn | CN¥11.89bn | CN¥11.97bn | CN¥7.84bn | CN¥7.24bn | CN¥6.86bn | CN¥6.49bn |
| Cash and short-term investments | — | CN¥4.15bn | CN¥3.59bn | CN¥4.20bn | CN¥4.46bn | CN¥3.56bn | CN¥2.75bn | CN¥2.36bn | CN¥1.70bn | CN¥2.31bn |
| Total liabilities | CN¥3.32bn | CN¥3.46bn | CN¥3.39bn | CN¥3.46bn | CN¥3.20bn | CN¥3.75bn | CN¥1.44bn | CN¥1.31bn | CN¥1.27bn | CN¥1.16bn |
| Debt | CN¥468.1m | CN¥1.78bn | CN¥1.58bn | CN¥1.96bn | CN¥1.56bn | CN¥1.76bn | CN¥111.0m | CN¥6.8m | — | — |
| Shareholders' equity | CN¥5.37bn | CN¥6.02bn | CN¥6.57bn | CN¥6.52bn | CN¥6.62bn | CN¥6.85bn | CN¥6.39bn | CN¥5.93bn | CN¥5.59bn | CN¥5.32bn |
| Shares outstanding | 3,047m | 3,369m | 3,451m | 3,425m | 3,447m | 3,425m | 3,475m | 3,516m | 3,612m | 3,494m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥18.9m | CN¥477.4m | CN¥484.1m | −CN¥170.1m | −CN¥76.7m | CN¥656.6m | CN¥654.3m | CN¥853.4m | CN¥893.2m | CN¥1.50bn |
| Capital spending | −CN¥100.9m | −CN¥198.9m | −CN¥166.9m | −CN¥201.6m | −CN¥285.6m | −CN¥166.1m | −CN¥160.3m | −CN¥210.8m | −CN¥178.0m | −CN¥89.2m |
| Free cash flow | −CN¥119.8m | CN¥278.5m | CN¥317.2m | −CN¥371.7m | −CN¥362.3m | CN¥490.5m | CN¥494.0m | CN¥642.6m | CN¥715.2m | CN¥1.41bn |
| Dividends paid | −CN¥55.3m | −CN¥90.9m | −CN¥107.4m | −CN¥92.5m | −CN¥294.6m | −CN¥205.5m | −CN¥208.7m | −CN¥208.5m | −CN¥156.4m | −CN¥4.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥369.9m | CN¥355.2m | CN¥303.3m | CN¥497.1m | CN¥709.0m | CN¥742.0m | CN¥344.0m | CN¥515.9m |
| Operating income | CN¥9.6m | −CN¥14.4m | −CN¥152.5m | −CN¥64.3m | CN¥13.9m | CN¥4.6m | −CN¥484.0m | −CN¥30.5m |
| Net income | −CN¥15.3m | −CN¥33.5m | −CN¥380.5m | −CN¥2.4m | CN¥8.8m | CN¥18.3m | −CN¥388.2m | −CN¥10.7m |
| Diluted earnings per share | -0.01 | -0.01 | -0.12 | -0.00 | 0.00 | 0.01 | -0.12 | -0.00 |
| Cash from operations | — | — | — | −CN¥76.0m | CN¥9.0m | −CN¥55.0m | — | CN¥203.0m |
| Capital spending | −CN¥6.0m | −CN¥15.0m | −CN¥9.0m | −CN¥15.0m | −CN¥11.0m | −CN¥63.0m | −CN¥87.0m | −CN¥23.0m |
| Free cash flow | — | — | — | −CN¥91.0m | −CN¥2.0m | −CN¥118.0m | — | CN¥180.0m |
| Total assets | CN¥9.99bn | CN¥10.29bn | CN¥10.07bn | CN¥11.06bn | CN¥11.03bn | CN¥10.98bn | CN¥10.98bn | CN¥11.41bn |
| Cash and short-term investments | — | — | — | CN¥4.14bn | CN¥4.21bn | CN¥4.15bn | CN¥4.15bn | CN¥4.12bn |
| Debt | CN¥386.7m | CN¥458.4m | CN¥468.1m | CN¥1.82bn | CN¥2.07bn | CN¥1.90bn | CN¥1.76bn | CN¥1.56bn |
| Shareholders' equity | CN¥5.23bn | CN¥5.26bn | CN¥5.37bn | CN¥5.80bn | CN¥5.85bn | CN¥5.99bn | CN¥6.02bn | CN¥6.51bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -26.5% | -8.3% | -0.1% | -0.6% | 2.1% | 8.9% |
| Net margin | -20.4% | -16.6% | 2.7% | 2.9% | 9.7% | 15.3% |
| Return on equity | -6.7% | -6.3% | 1.3% | 1.2% | 4.6% | 8.2% |
| Return on assets | -3.5% | -3.4% | 0.7% | 0.7% | 2.6% | 4.7% |
| Free cash flow yield | 1.2% | 8.9% | 8.4% | 0.4% | 2.7% | 10.7% |
| Revenue growth | -23.0% | -26.7% | 14.1% | -14.2% | -14.0% | -3.6% |
| Earnings growth | -5.3% | -547.1% | 6.7% | -74.3% | -45.5% | -24.4% |
| Current ratio | 2.32x | 2.35x | 2.68x | 2.64x | 2.57x | 1.75x |
| Debt to equity | 0.09x | 0.29x | 0.24x | 0.27x | 0.22x | 0.24x |
| Equity ratio | 53.3% | 54.9% | 56.3% | 55.5% | 55.7% | 57.2% |
| Interest coverage | -7.19x | -3.14x | -0.04x | -0.19x | 1.05x | 4.05x |
| R&D as a share of sales | 7.2% | 0.6% | 0.7% | 5.0% | 6.3% | 3.6% |
| Buybacks as a share of market value | 9.6% | 2.4% | -0.8% | 0.6% | -0.6% | 1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.6% | -13.8% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.3% | -5.3% | 0.0% | 12.6% |
| Net margin | -18.3% | -5.8% | 1.8% | 11.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.5 | -22.0 | 102.8 | 114.0 | 43.4 | 18.7 | 15.2 | 14.7 | 26.1 | 32.7 |
| Price to sales | 4.8 | 3.6 | 2.8 | 3.3 | 4.2 | 2.9 | 3.0 | 2.7 | 7.7 | 9.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.027 | 0.086 | 0.06 | 0.06 | 0.06 | 0.045 |
- 6-for-5 split · 12 Jun 2009
- 1-to-1 reverse split · 20 Dec 2006
- 13-for-10 split · 20 Oct 2004
- 6-for-5 split · 21 Aug 2003
- 11-for-10 split · 23 Jul 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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