W 
5.47
-0.73%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥860.2m
FY2016FY2025
Net income
−CN¥156.2m
FY2016FY2025
Free cash flow
−CN¥443.2m
FY2016FY2025
Shareholders' equity
CN¥390.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥860.2m | CN¥910.4m | CN¥824.9m | CN¥846.7m | CN¥192.7m | CN¥49.3m | CN¥1.66bn | CN¥2.01bn | CN¥1.95bn | CN¥1.46bn |
| Research and development | CN¥11.1m | CN¥14.1m | CN¥9.3m | CN¥8.6m | CN¥5.2m | CN¥2.3m | CN¥4.6m | CN¥2.7m | CN¥4.2m | CN¥11.9m |
| Operating income | −CN¥57.7m | −CN¥25.7m | CN¥63.0m | CN¥147.3m | CN¥209.7m | −CN¥25.8m | CN¥84.2m | CN¥4.5m | CN¥33.7m | CN¥101.7m |
| Net income | −CN¥156.2m | −CN¥97.0m | CN¥6.4m | CN¥108.8m | CN¥193.0m | −CN¥25.7m | CN¥29.2m | CN¥3.1m | CN¥26.6m | CN¥26.8m |
| Diluted earnings per share | -0.40 | -0.26 | 0.07 | 0.26 | 0.61 | -0.09 | 0.09 | 0.02 | 0.05 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.84bn | CN¥2.38bn | CN¥2.11bn | CN¥1.91bn | CN¥1.78bn | CN¥1.81bn | CN¥1.28bn | CN¥1.28bn | CN¥1.52bn | CN¥1.71bn |
| Cash and short-term investments | — | CN¥162.5m | CN¥40.5m | CN¥76.5m | CN¥87.0m | CN¥16.1m | CN¥315.5m | CN¥53.5m | CN¥249.2m | CN¥521.7m |
| Total liabilities | CN¥2.44bn | CN¥1.83bn | CN¥1.46bn | CN¥1.28bn | CN¥1.55bn | CN¥1.77bn | CN¥1.21bn | CN¥1.24bn | CN¥1.49bn | CN¥1.70bn |
| Debt | CN¥162.0m | CN¥799.6m | CN¥733.1m | CN¥520.1m | CN¥731.4m | CN¥726.6m | CN¥838.3m | CN¥823.8m | CN¥870.5m | CN¥754.6m |
| Shareholders' equity | CN¥390.7m | CN¥546.8m | CN¥644.1m | CN¥637.8m | CN¥231.8m | CN¥38.8m | CN¥64.6m | CN¥36.8m | CN¥32.6m | CN¥7.3m |
| Shares outstanding | 395m | 373m | 94m | 418m | 319m | 285m | 322m | 193m | 541m | 393m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥20.8m | CN¥31.2m | −CN¥167.8m | CN¥123.0m | −CN¥83.5m | −CN¥35.5m | CN¥188.0m | CN¥151.4m | CN¥85.4m | CN¥51.0m |
| Capital spending | −CN¥422.4m | −CN¥81.1m | −CN¥248.5m | −CN¥123.3m | −CN¥222.6m | −CN¥303.4m | −CN¥3.7m | −CN¥344,354 | −CN¥2.0m | −CN¥23.8m |
| Free cash flow | −CN¥443.2m | −CN¥49.9m | −CN¥416.3m | −CN¥285,240 | −CN¥306.2m | −CN¥339.0m | CN¥184.3m | CN¥151.1m | CN¥83.4m | CN¥27.2m |
| Dividends paid | −CN¥71.2m | −CN¥62.7m | −CN¥44.7m | −CN¥48.7m | −CN¥52.2m | −CN¥41.7m | −CN¥50.4m | −CN¥43.5m | −CN¥38.0m | −CN¥77.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥249.4m | CN¥168.0m | CN¥219.1m | CN¥213.1m | CN¥229.0m | CN¥199.0m | CN¥252.7m | CN¥217.0m |
| Operating income | CN¥6.0m | −CN¥26.7m | CN¥19.9m | −CN¥47.2m | −CN¥30.6m | −CN¥26.6m | CN¥17.8m | −CN¥39.1m |
| Net income | −CN¥12.2m | −CN¥53.1m | −CN¥12.3m | −CN¥47.4m | −CN¥50.5m | −CN¥46.0m | CN¥1.3m | −CN¥35.9m |
| Diluted earnings per share | -0.03 | -0.13 | -0.03 | -0.12 | -0.13 | -0.12 | 0.00 | -0.10 |
| Cash from operations | — | — | — | −CN¥31.0m | CN¥50.0m | −CN¥70.0m | — | −CN¥26.0m |
| Capital spending | −CN¥16.0m | −CN¥80.0m | −CN¥75.0m | −CN¥217.0m | −CN¥96.0m | −CN¥33.0m | −CN¥20.0m | −CN¥33.0m |
| Free cash flow | — | — | — | −CN¥248.0m | −CN¥46.0m | −CN¥103.0m | — | −CN¥59.0m |
| Total assets | CN¥2.97bn | CN¥2.92bn | CN¥2.84bn | CN¥2.74bn | CN¥2.76bn | CN¥2.59bn | CN¥2.38bn | CN¥2.24bn |
| Cash and short-term investments | — | — | — | CN¥61.5m | CN¥202.5m | CN¥153.9m | CN¥162.5m | CN¥99.5m |
| Debt | CN¥358.6m | CN¥239.7m | CN¥162.0m | CN¥1.01bn | CN¥734.5m | CN¥804.6m | CN¥799.6m | CN¥749.5m |
| Shareholders' equity | CN¥325.4m | CN¥337.6m | CN¥390.7m | CN¥402.9m | CN¥450.3m | CN¥500.8m | CN¥546.8m | CN¥545.8m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.8% | -2.5% | 7.6% | 19.8% | 136.5% | -47.9% |
| Net margin | -18.2% | -10.7% | 0.8% | 12.9% | 100.2% | -52.1% |
| Return on equity | -40.0% | -17.7% | 1.0% | 17.1% | 83.3% | -66.1% |
| Return on assets | -5.5% | -4.1% | 0.3% | 5.7% | 10.8% | -1.4% |
| Free cash flow yield | 17.0% | 5.0% | 14.3% | 9.9% | 7.3% | 15.7% |
| Revenue growth | -5.5% | 10.4% | -2.6% | 339.4% | 290.9% | -97.0% |
| Earnings growth | 61.0% | -1624.6% | -94.2% | -43.6% | -851.8% | -187.9% |
| Current ratio | 0.19x | 0.28x | 0.26x | 0.30x | 0.22x | 0.09x |
| Debt to equity | 0.41x | 1.46x | 1.19x | 0.82x | 3.15x | 18.69x |
| Equity ratio | 13.8% | 22.9% | 30.5% | 33.3% | 13.0% | 2.1% |
| Interest coverage | -0.94x | -0.30x | 1.12x | 3.44x | 13.26x | -11.33x |
| R&D as a share of sales | 1.3% | 1.6% | 1.1% | 1.0% | 2.7% | 4.6% |
| Buybacks as a share of market value | -5.8% | -296.0% | 77.5% | -31.0% | -12.0% | 11.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.5% | 77.2% | -4.1% |
| Operating income | — | 17.5% | -17.2% |
| Net income | — | 43.5% | -7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.7% | 3.7% | 8.4% | 1.3% |
| Net margin | -14.3% | -4.0% | 0.8% | -1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.4 | -18.4 | 85.5 | 21.1 | 9.2 | -57.6 | 51.0 | 286.3 | 206.5 | 143.1 |
| Price to sales | 4.3 | 2.0 | 0.7 | 2.7 | 9.2 | 30.0 | 0.9 | 0.4 | 2.8 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jun 2009.
| FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.05 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.06 |
- 1-to-1 reverse split · 26 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.