X 
5.96
-1.49%
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¥3.55bn
FY2016FY2025
Net income
−CN¥56.8m
FY2016FY2025
Free cash flow
CN¥259.5m
FY2016FY2025
Shareholders' equity
CN¥3.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.55bn | CN¥3.14bn | CN¥4.10bn | CN¥3.85bn | CN¥5.78bn | CN¥7.08bn | CN¥5.62bn | CN¥5.02bn | CN¥3.59bn | CN¥2.50bn |
| Gross profit | CN¥566.8m | CN¥518.7m | CN¥392.8m | CN¥178.3m | CN¥924.2m | CN¥1.94bn | CN¥1.75bn | CN¥1.64bn | CN¥1.05bn | CN¥689.0m |
| Research and development | CN¥88.6m | CN¥64.3m | CN¥108.6m | CN¥84.4m | CN¥137.0m | CN¥162.1m | CN¥162.5m | CN¥160.5m | CN¥881,708 | CN¥881,708 |
| Operating income | CN¥16.2m | −CN¥68.2m | −CN¥535.2m | −CN¥609.0m | CN¥209.5m | CN¥937.4m | CN¥928.7m | CN¥962.4m | CN¥632.7m | CN¥354.6m |
| Net income | −CN¥56.8m | −CN¥104.3m | −CN¥532.3m | −CN¥497.9m | CN¥40.0m | CN¥436.8m | CN¥433.6m | CN¥449.6m | CN¥330.4m | CN¥253.1m |
| Diluted earnings per share | -0.04 | -0.08 | -0.43 | -0.42 | 0.04 | 0.35 | 0.50 | 0.52 | 0.45 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.22bn | CN¥12.82bn | CN¥13.71bn | CN¥13.71bn | CN¥14.15bn | CN¥12.48bn | CN¥11.46bn | CN¥8.56bn | CN¥8.45bn | CN¥6.75bn |
| Cash and short-term investments | — | CN¥2.67bn | CN¥2.89bn | CN¥3.38bn | CN¥3.93bn | CN¥2.48bn | CN¥3.58bn | CN¥2.42bn | CN¥3.04bn | CN¥1.56bn |
| Total liabilities | CN¥6.34bn | CN¥7.05bn | CN¥8.13bn | CN¥7.77bn | CN¥7.57bn | CN¥5.91bn | CN¥5.92bn | CN¥4.27bn | CN¥4.80bn | CN¥3.64bn |
| Debt | CN¥689.5m | CN¥2.74bn | CN¥3.91bn | CN¥5.11bn | CN¥5.05bn | CN¥3.28bn | CN¥3.85bn | CN¥2.50bn | CN¥3.10bn | CN¥2.42bn |
| Shareholders' equity | CN¥3.95bn | CN¥3.84bn | CN¥3.54bn | CN¥3.89bn | CN¥4.44bn | CN¥4.40bn | CN¥3.60bn | CN¥3.04bn | CN¥2.67bn | CN¥2.39bn |
| Shares outstanding | 1,336m | 1,302m | 1,228m | 1,194m | 918m | 1,262m | 865m | 865m | 732m | 865m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥282.5m | CN¥429.0m | CN¥223.6m | −CN¥48.8m | −CN¥16.5m | CN¥595.8m | CN¥705.8m | CN¥685.8m | CN¥544.9m | CN¥472.3m |
| Capital spending | −CN¥23.0m | −CN¥86.5m | −CN¥173.6m | −CN¥121.6m | −CN¥328.8m | −CN¥721.9m | −CN¥859.6m | −CN¥265.4m | −CN¥227.7m | −CN¥824.6m |
| Free cash flow | CN¥259.5m | CN¥342.6m | CN¥50.0m | −CN¥170.3m | −CN¥345.3m | −CN¥126.2m | −CN¥153.9m | CN¥420.4m | CN¥317.2m | −CN¥352.3m |
| Dividends paid | −CN¥126.4m | −CN¥193.8m | −CN¥173.1m | −CN¥248.1m | −CN¥182.6m | −CN¥170.9m | −CN¥147.1m | −CN¥148.5m | −CN¥121.9m | −CN¥85.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥848.0m | CN¥360.1m | CN¥1.14bn | CN¥1.00bn | CN¥1.07bn | CN¥338.6m | CN¥1.09bn | CN¥869.0m |
| Gross profit | CN¥160.5m | CN¥3.8m | CN¥158.3m | CN¥244.6m | CN¥162.1m | CN¥1.8m | CN¥185.0m | CN¥209.4m |
| Operating income | CN¥29.4m | −CN¥82.9m | −CN¥7.5m | CN¥82.1m | CN¥43.8m | −CN¥159.9m | −CN¥72.0m | CN¥48.5m |
| Net income | −CN¥48.8m | −CN¥37.1m | −CN¥79.4m | CN¥134.5m | CN¥12.1m | −CN¥124.0m | −CN¥38.3m | CN¥1.3m |
| Diluted earnings per share | -0.04 | -0.03 | -0.06 | 0.10 | 0.01 | -0.09 | -0.03 | 0.00 |
| Cash from operations | — | — | — | CN¥174.0m | CN¥353.0m | −CN¥169.0m | CN¥277.0m | CN¥103.0m |
| Capital spending | −CN¥25.0m | −CN¥89.0m | −CN¥12.0m | −CN¥3.0m | −CN¥4.0m | −CN¥2.0m | −CN¥54.0m | −CN¥16.0m |
| Free cash flow | — | — | — | CN¥171.0m | CN¥349.0m | −CN¥171.0m | CN¥223.0m | CN¥87.0m |
| Total assets | CN¥11.34bn | CN¥11.56bn | CN¥12.22bn | CN¥12.49bn | CN¥12.23bn | CN¥12.12bn | CN¥12.82bn | CN¥12.89bn |
| Cash and short-term investments | — | — | — | CN¥2.48bn | CN¥2.30bn | CN¥2.14bn | CN¥2.67bn | CN¥2.62bn |
| Debt | CN¥797.6m | CN¥816.3m | CN¥689.5m | CN¥1.91bn | CN¥2.39bn | CN¥2.58bn | CN¥2.74bn | CN¥3.18bn |
| Shareholders' equity | CN¥3.85bn | CN¥3.92bn | CN¥3.95bn | CN¥3.92bn | CN¥3.77bn | CN¥3.72bn | CN¥3.84bn | CN¥3.81bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.0% | 16.5% | 9.6% | 4.6% | 16.0% | 27.4% |
| Operating margin | 0.5% | -2.2% | -13.1% | -15.8% | 3.6% | 13.2% |
| Net margin | -1.6% | -3.3% | -13.0% | -12.9% | 0.7% | 6.2% |
| Return on equity | -1.4% | -2.7% | -15.0% | -12.8% | 0.9% | 9.9% |
| Return on assets | -0.5% | -0.8% | -3.9% | -3.6% | 0.3% | 3.5% |
| Free cash flow yield | 3.4% | 5.9% | 4.8% | 0.9% | 5.1% | 15.5% |
| Revenue growth | 13.2% | -23.4% | 6.5% | -33.4% | -18.4% | 25.9% |
| Earnings growth | -45.5% | -80.4% | 6.9% | -1344.0% | -90.8% | 0.7% |
| Current ratio | 1.20x | 1.29x | 1.43x | 1.49x | 1.96x | 1.86x |
| Debt to equity | 0.17x | 0.71x | 1.10x | 1.31x | 1.14x | 0.75x |
| Equity ratio | 32.4% | 30.0% | 25.8% | 28.4% | 31.4% | 35.3% |
| Interest coverage | 0.20x | -0.52x | -3.06x | -3.36x | 1.28x | 5.87x |
| R&D as a share of sales | 2.5% | 2.0% | 2.7% | 2.2% | 2.4% | 2.3% |
| Buybacks as a share of market value | -2.6% | -6.1% | -2.8% | -30.1% | 27.3% | -45.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.6% | -12.9% | 5.5% |
| Operating income | — | -55.6% | -23.5% |
| Net income | -51.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 11.3% | 16.4% | 21.9% |
| Operating margin | -0.8% | -8.2% | -0.2% | 6.6% |
| Net margin | -2.4% | -8.1% | -2.6% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -259.3 | -80.7 | -11.1 | -8.3 | 113.8 | 15.6 | 11.3 | 9.6 | 17.5 | 17.1 |
| Price to sales | 4.2 | 2.7 | 1.4 | 1.1 | 0.8 | 1.0 | 0.9 | 0.9 | 1.6 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.062 | 0.062 | 0.062 | 0.062 | 0.062 | 0.047 | 0.03 | 0.03 |
- 13-for-10 split · 8 Aug 2023
- 13-for-10 split · 3 Jul 2017
- 6-for-5 split · 10 Jun 2010
- 2-for-1 split · 5 Jun 2008
- 1-to-1 reverse split · 8 Jun 2006
- 9-for-5 split · 28 Mar 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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