A 
5.72
-0.35%
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¥6.81bn
FY2016FY2025
Net income
−CN¥213.5m
FY2016FY2025
Free cash flow
CN¥17.9m
FY2016FY2025
Shareholders' equity
CN¥2.22bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.81bn | CN¥7.82bn | CN¥9.30bn | CN¥9.57bn | CN¥8.63bn | CN¥7.06bn | CN¥6.43bn | CN¥5.65bn | CN¥4.66bn | CN¥3.75bn |
| Gross profit | CN¥931.4m | CN¥1.09bn | CN¥1.24bn | CN¥1.32bn | CN¥1.42bn | CN¥1.38bn | CN¥1.35bn | CN¥1.12bn | CN¥931.4m | CN¥878.0m |
| Research and development | CN¥229.3m | CN¥231.6m | CN¥239.8m | CN¥213.8m | CN¥218.8m | CN¥162.8m | CN¥134.7m | CN¥112.2m | CN¥109.3m | CN¥99.2m |
| Operating income | −CN¥64.0m | −CN¥40.7m | CN¥28.2m | CN¥165.0m | CN¥257.1m | CN¥570.3m | CN¥237.2m | CN¥93.6m | CN¥54.2m | CN¥18.2m |
| Net income | −CN¥213.5m | −CN¥48.5m | CN¥56.1m | CN¥146.2m | CN¥180.3m | CN¥310.2m | CN¥193.0m | CN¥69.9m | CN¥32.7m | CN¥24.0m |
| Diluted earnings per share | -0.27 | -0.06 | 0.07 | 0.17 | 0.24 | 0.40 | 0.24 | 0.09 | 0.03 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.30bn | CN¥7.90bn | CN¥7.92bn | CN¥7.59bn | CN¥7.58bn | CN¥7.71bn | CN¥6.70bn | CN¥5.11bn | CN¥4.90bn | CN¥4.16bn |
| Cash and short-term investments | — | CN¥914.0m | CN¥635.1m | CN¥816.8m | CN¥1.21bn | CN¥1.03bn | CN¥1.55bn | CN¥933.4m | CN¥1.43bn | CN¥1.29bn |
| Total liabilities | CN¥4.88bn | CN¥5.25bn | CN¥5.20bn | CN¥4.88bn | CN¥4.94bn | CN¥5.11bn | CN¥4.50bn | CN¥3.10bn | CN¥2.95bn | CN¥2.29bn |
| Debt | — | CN¥1.23bn | CN¥1.40bn | CN¥1.20bn | CN¥1.11bn | CN¥938.0m | CN¥913.0m | CN¥629.9m | CN¥954.6m | CN¥429.4m |
| Shareholders' equity | CN¥2.22bn | CN¥2.44bn | CN¥2.50bn | CN¥2.49bn | CN¥2.39bn | CN¥2.29bn | CN¥2.02bn | CN¥1.84bn | CN¥1.80bn | CN¥1.76bn |
| Shares outstanding | 787m | 812m | 809m | 854m | 742m | 784m | 818m | 777m | 941m | 348m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥329.8m | CN¥208.7m | −CN¥22.9m | −CN¥36.2m | CN¥121.5m | CN¥10.6m | CN¥561.3m | CN¥218.3m | CN¥83.7m | CN¥165.8m |
| Capital spending | −CN¥311.9m | −CN¥190.5m | −CN¥288.3m | −CN¥282.1m | −CN¥305.3m | −CN¥392.6m | −CN¥379.1m | −CN¥319.8m | −CN¥293.7m | −CN¥192.4m |
| Free cash flow | CN¥17.9m | CN¥18.3m | −CN¥311.2m | −CN¥318.3m | −CN¥183.8m | −CN¥382.1m | CN¥182.2m | −CN¥101.5m | −CN¥210.0m | −CN¥26.6m |
| Dividends paid | −CN¥46.6m | −CN¥78.0m | −CN¥115.9m | −CN¥63.8m | −CN¥95.7m | −CN¥63.9m | −CN¥24.0m | −CN¥64.0m | −CN¥36.4m | −CN¥16.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.64bn | CN¥1.87bn | CN¥1.14bn | CN¥1.61bn | CN¥1.85bn | CN¥2.21bn | CN¥1.43bn | CN¥1.76bn |
| Gross profit | CN¥202.6m | CN¥280.8m | CN¥166.3m | CN¥221.0m | CN¥230.8m | CN¥313.3m | CN¥222.9m | CN¥210.4m |
| Operating income | −CN¥50.5m | CN¥31.5m | −CN¥96.8m | −CN¥52.4m | −CN¥4.5m | CN¥42.0m | −CN¥44.2m | −CN¥38.4m |
| Net income | −CN¥80.5m | CN¥37.5m | −CN¥204.5m | −CN¥46.9m | −CN¥3.5m | CN¥41.4m | −CN¥51.4m | −CN¥47.2m |
| Diluted earnings per share | -0.10 | 0.05 | -0.26 | -0.06 | -0.00 | 0.05 | -0.06 | -0.06 |
| Cash from operations | — | — | — | CN¥676.0m | CN¥8.0m | −CN¥174.0m | — | CN¥366.0m |
| Capital spending | −CN¥45.0m | −CN¥108.0m | −CN¥65.0m | −CN¥114.0m | −CN¥66.0m | −CN¥64.0m | −CN¥34.0m | −CN¥72.0m |
| Free cash flow | — | — | — | CN¥562.0m | −CN¥58.0m | −CN¥238.0m | — | CN¥294.0m |
| Total assets | CN¥7.45bn | CN¥7.66bn | CN¥7.30bn | CN¥7.55bn | CN¥8.11bn | CN¥8.04bn | CN¥7.90bn | CN¥7.87bn |
| Cash and short-term investments | — | — | — | CN¥1.00bn | CN¥727.6m | CN¥696.7m | CN¥914.0m | CN¥711.9m |
| Debt | — | — | — | CN¥2.83bn | CN¥983.5m | CN¥1.10bn | CN¥1.22bn | CN¥1.00bn |
| Shareholders' equity | CN¥2.06bn | CN¥2.26bn | CN¥2.22bn | CN¥2.43bn | CN¥2.48bn | CN¥2.48bn | CN¥2.44bn | CN¥2.50bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 13.7% | 13.9% | 13.3% | 13.8% | 16.4% | 19.5% | — |
| Operating margin | -2.9% | 0.3% | 0.8% | 2.4% | 4.0% | 9.4% | — |
| Net margin | -3.1% | -0.6% | 0.6% | 1.5% | 2.1% | 4.4% | — |
| Return on equity | -9.6% | -2.0% | 2.2% | 5.9% | 7.5% | 13.6% | — |
| Return on assets | -2.9% | -0.6% | 0.7% | 1.9% | 2.4% | 4.0% | — |
| Free cash flow yield | 13.1% | 7.9% | 5.3% | 4.6% | 9.2% | 8.3% | — |
| Revenue growth | -12.9% | -16.0% | -2.7% | 10.9% | 22.2% | 9.7% | — |
| Earnings growth | 340.0% | -186.6% | -61.6% | -18.9% | -41.9% | 60.8% | — |
| Current ratio | 0.90x | 1.10x | 1.03x | 1.22x | 1.04x | 1.29x | — |
| Debt to equity | — | 0.50x | 0.55x | 0.43x | 0.22x | 0.40x | 0.46x |
| Equity ratio | 30.4% | 30.9% | 31.6% | 32.8% | 31.5% | 29.7% | — |
| Interest coverage | -5.37x | 0.35x | 1.66x | 4.06x | 4.00x | 7.79x | — |
| R&D as a share of sales | 3.4% | 3.0% | 2.6% | 2.2% | 2.5% | 2.3% | — |
| Buybacks as a share of market value | 3.1% | -0.4% | 5.2% | -15.2% | 5.4% | 4.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.7% | -0.7% | 6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.8% | 13.7% | 15.0% | 17.1% |
| Operating margin | -0.7% | 0.3% | 1.9% | 1.8% |
| Net margin | -1.8% | -0.2% | 0.9% | 1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -30.4 | -113.2 | 87.0 | 32.0 | 29.4 | 25.1 | 18.6 | 37.5 | 144.4 | 117.1 |
| Price to sales | 0.9 | 0.7 | 0.5 | 0.5 | 0.6 | 1.1 | 0.6 | 0.5 | 1.0 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 13 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.03 | 0.09 | 0.08 | 0.12 | 0.08 | 0.03 | 0.03 |
- 2-for-1 split · 18 Jul 2013
- 1-to-1 reverse split · 12 Dec 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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