H 
3.83
+4.08%
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¥1.19bn
FY2016FY2025
Net income
−CN¥30.4m
FY2016FY2025
Free cash flow
−CN¥315.7m
FY2016FY2025
Shareholders' equity
CN¥1.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.19bn | CN¥1.73bn | CN¥2.18bn | CN¥1.89bn | CN¥3.11bn | CN¥2.58bn | CN¥3.18bn | CN¥9.42bn | CN¥12.05bn | CN¥3.35bn |
| Research and development | CN¥77.3m | CN¥84.8m | CN¥88.0m | CN¥81.8m | CN¥60.5m | CN¥71.1m | CN¥23.2m | CN¥6.6m | CN¥7.2m | CN¥42.3m |
| Operating income | CN¥24.8m | CN¥17.1m | CN¥53.1m | −CN¥262.8m | −CN¥62.4m | −CN¥1.91bn | CN¥46.8m | CN¥368.6m | CN¥635.0m | CN¥298.8m |
| Net income | −CN¥30.4m | CN¥12.6m | CN¥43.9m | −CN¥293.4m | CN¥90.2m | −CN¥2.06bn | CN¥10.8m | CN¥240.4m | CN¥403.8m | CN¥179.4m |
| Diluted earnings per share | -0.03 | 0.02 | 0.08 | -0.30 | 0.08 | -1.77 | 0.02 | 0.21 | 0.35 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.81bn | CN¥3.34bn | CN¥3.52bn | CN¥3.68bn | CN¥3.76bn | CN¥4.69bn | CN¥6.87bn | CN¥7.00bn | CN¥7.16bn | CN¥6.27bn |
| Cash and short-term investments | — | CN¥364.1m | CN¥480.8m | CN¥518.0m | CN¥512.1m | CN¥183.5m | CN¥243.6m | CN¥407.1m | CN¥742.6m | CN¥740.4m |
| Total liabilities | CN¥1.95bn | CN¥1.47bn | CN¥1.68bn | CN¥1.87bn | CN¥1.63bn | CN¥2.68bn | CN¥2.85bn | CN¥3.05bn | CN¥3.37bn | CN¥2.85bn |
| Debt | CN¥226.2m | CN¥373.3m | CN¥579.5m | CN¥574.5m | CN¥639.1m | CN¥1.19bn | CN¥1.28bn | CN¥1.40bn | CN¥1.66bn | CN¥1.38bn |
| Shareholders' equity | CN¥1.73bn | CN¥1.74bn | CN¥1.72bn | CN¥1.68bn | CN¥1.97bn | CN¥1.86bn | CN¥3.92bn | CN¥3.87bn | CN¥3.76bn | CN¥3.39bn |
| Shares outstanding | 892m | 805m | 556m | 990m | 1,085m | 1,163m | 668m | 1,162m | 1,162m | 1,377m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥213.0m | CN¥293,390 | CN¥97.6m | CN¥313.4m | CN¥826.8m | CN¥284.2m | CN¥350.0m | CN¥476.6m | −CN¥221.7m | −CN¥716.1m |
| Capital spending | −CN¥102.6m | −CN¥39.4m | −CN¥110.7m | −CN¥284.3m | −CN¥56.1m | −CN¥118.6m | −CN¥71.9m | −CN¥92.7m | −CN¥89.1m | −CN¥41.2m |
| Free cash flow | −CN¥315.7m | −CN¥39.1m | −CN¥13.1m | CN¥29.1m | CN¥770.8m | CN¥165.6m | CN¥278.1m | CN¥383.8m | −CN¥310.9m | −CN¥757.3m |
| Dividends paid | −CN¥19.5m | −CN¥32.1m | −CN¥31.0m | −CN¥31.1m | −CN¥54.6m | −CN¥63.9m | −CN¥81.3m | −CN¥211.6m | −CN¥124.0m | −CN¥57.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥233.1m | CN¥158.7m | CN¥291.3m | CN¥271.8m | CN¥409.5m | CN¥215.9m | CN¥499.3m | CN¥365.1m |
| Operating income | −CN¥38.0m | −CN¥21.9m | CN¥85.6m | −CN¥33.1m | −CN¥32.4m | CN¥7.6m | −CN¥717,174 | −CN¥15.6m |
| Net income | −CN¥55.4m | −CN¥25.0m | CN¥29.4m | −CN¥32.9m | −CN¥37.4m | CN¥10.4m | −CN¥1.5m | −CN¥18.7m |
| Diluted earnings per share | -0.06 | -0.03 | 0.03 | -0.04 | -0.04 | 0.01 | -0.00 | -0.02 |
| Cash from operations | — | — | — | −CN¥11.0m | — | −CN¥68.0m | — | −CN¥60.0m |
| Capital spending | −CN¥10.0m | −CN¥26.0m | −CN¥16.0m | −CN¥34.0m | −CN¥44.0m | −CN¥8.0m | −CN¥23.0m | — |
| Free cash flow | — | — | — | −CN¥45.0m | — | −CN¥76.0m | — | — |
| Total assets | CN¥3.49bn | CN¥3.74bn | CN¥3.81bn | CN¥3.30bn | CN¥3.30bn | CN¥3.40bn | CN¥3.34bn | CN¥3.51bn |
| Cash and short-term investments | — | — | — | CN¥192.9m | CN¥207.7m | CN¥297.9m | CN¥364.1m | CN¥439.6m |
| Debt | CN¥259.9m | CN¥280.4m | CN¥226.2m | CN¥573.9m | CN¥467.3m | CN¥464.2m | CN¥373.3m | CN¥533.4m |
| Shareholders' equity | CN¥1.65bn | CN¥1.71bn | CN¥1.73bn | CN¥1.68bn | CN¥1.72bn | CN¥1.75bn | CN¥1.74bn | CN¥1.73bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.3% | 2.3% | 3.9% | -13.3% | -1.9% | -74.0% |
| Net margin | -2.6% | 0.7% | 2.0% | -15.5% | 2.9% | -80.1% |
| Return on equity | -1.8% | 0.7% | 2.6% | -17.5% | 4.6% | -111.2% |
| Return on assets | -0.8% | 0.4% | 1.2% | -8.0% | 2.4% | -44.0% |
| Free cash flow yield | -3.1% | 1.3% | 9.5% | 15.4% | 20.7% | 8.8% |
| Revenue growth | -31.4% | -20.4% | 15.2% | -39.2% | 20.6% | -19.0% |
| Earnings growth | -342.1% | -71.4% | -115.0% | -425.3% | -104.4% | -19176.7% |
| Current ratio | 0.87x | 0.65x | 0.71x | 0.76x | 0.88x | 0.79x |
| Debt to equity | 0.13x | 0.21x | 0.33x | 0.33x | 0.31x | 0.64x |
| Equity ratio | 45.4% | 52.2% | 48.8% | 45.6% | 52.4% | 39.6% |
| Interest coverage | 1.43x | 1.53x | 2.65x | -7.72x | -0.67x | -16.25x |
| R&D as a share of sales | 6.5% | 4.9% | 4.0% | 4.3% | 1.9% | 2.8% |
| Buybacks as a share of market value | -10.8% | -44.8% | 43.9% | 8.7% | 6.8% | -74.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.3% | -14.3% | 1.7% |
| Net income | -53.0% | -57.0% | -7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.4% | -2.4% | -16.9% | -2.2% |
| Net margin | -0.6% | -3.8% | -17.7% | -3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -92.7 | 201.8 | 46.1 | -8.6 | 46.8 | -1.6 | 193.7 | 18.9 | 22.8 | 93.4 |
| Price to sales | 2.4 | 1.5 | 0.9 | 1.3 | 1.4 | 1.3 | 0.7 | 0.5 | 0.8 | 5.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2018.
| FY2018 | FY2017 | FY2015 | FY2013 | FY2008 | FY2007 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.104 | 0.027 | 0.009 | 0.016 | 0.007 | 0.004 | 0.013 | 0.02 |
- 3-for-2 split · 12 Jun 2017
- 1.256-for-1 split · 19 Jun 2006
- 13-for-10 split · 3 Jul 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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