G 
2.12
-0.93%
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¥35.86bn
FY2016FY2025
Net income
−CN¥13.28bn
FY2016FY2025
Free cash flow
−CN¥500.3m
FY2016FY2025
Shareholders' equity
CN¥45.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥35.86bn | CN¥75.27bn | CN¥98.01bn | CN¥120.04bn | CN¥98.93bn | CN¥83.66bn | CN¥63.08bn | CN¥50.31bn | CN¥37.33bn | CN¥55.33bn |
| Gross profit | CN¥4.74bn | CN¥7.41bn | CN¥14.64bn | CN¥21.27bn | CN¥19.75bn | CN¥27.02bn | CN¥25.33bn | CN¥21.22bn | CN¥12.92bn | CN¥15.64bn |
| Research and development | CN¥35.6m | CN¥56.3m | CN¥124.8m | CN¥185.4m | CN¥150.1m | CN¥64.1m | CN¥61.0m | CN¥44.0m | CN¥26.5m | CN¥34.0m |
| Operating income | CN¥889.1m | CN¥756.6m | CN¥7.00bn | CN¥13.71bn | CN¥16.06bn | CN¥20.35bn | CN¥19.72bn | CN¥15.18bn | CN¥11.66bn | CN¥11.11bn |
| Net income | −CN¥13.28bn | −CN¥6.12bn | CN¥888.1m | CN¥6.11bn | CN¥9.41bn | CN¥10.40bn | CN¥10.08bn | CN¥8.10bn | CN¥6.84bn | CN¥6.30bn |
| Diluted earnings per share | -2.94 | -1.35 | 0.20 | 1.35 | 2.10 | 2.33 | 2.25 | 1.79 | 1.47 | 1.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥233.20bn | CN¥293.91bn | CN¥373.85bn | CN¥419.38bn | CN¥462.81bn | CN¥401.63bn | CN¥334.82bn | CN¥278.36bn | CN¥207.94bn | CN¥153.63bn |
| Cash and short-term investments | — | CN¥22.73bn | CN¥29.74bn | CN¥54.51bn | CN¥64.81bn | CN¥54.20bn | CN¥45.16bn | CN¥44.01bn | CN¥27.41bn | CN¥21.56bn |
| Total liabilities | CN¥149.84bn | CN¥190.43bn | CN¥256.95bn | CN¥303.13bn | CN¥352.60bn | CN¥307.59bn | CN¥252.45bn | CN¥211.88bn | CN¥149.99bn | CN¥100.53bn |
| Debt | CN¥36.16bn | CN¥42.81bn | CN¥52.55bn | CN¥117.53bn | CN¥126.19bn | CN¥110.27bn | CN¥92.69bn | CN¥75.93bn | CN¥52.81bn | CN¥36.63bn |
| Shareholders' equity | CN¥45.65bn | CN¥59.04bn | CN¥65.06bn | CN¥65.23bn | CN¥62.98bn | CN¥57.48bn | CN¥54.09bn | CN¥46.45bn | CN¥40.76bn | CN¥37.43bn |
| Shares outstanding | 4,515m | 4,530m | 4,515m | 4,515m | 4,472m | 4,467m | 4,483m | 4,525m | 4,652m | 4,460m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥16.1m | CN¥13.62bn | CN¥2.19bn | CN¥19.91bn | CN¥9.40bn | CN¥7.52bn | CN¥7.90bn | −CN¥1.83bn | −CN¥6.99bn | CN¥17.08bn |
| Capital spending | −CN¥516.4m | −CN¥200.1m | −CN¥594.1m | −CN¥695.0m | −CN¥616.3m | −CN¥1.26bn | −CN¥1.14bn | −CN¥856.2m | −CN¥500.8m | −CN¥922.5m |
| Free cash flow | −CN¥500.3m | CN¥13.42bn | CN¥1.60bn | CN¥19.21bn | CN¥8.78bn | CN¥6.26bn | CN¥6.76bn | −CN¥2.68bn | −CN¥7.49bn | CN¥16.16bn |
| Dividends paid | −CN¥2.93bn | −CN¥4.12bn | −CN¥6.19bn | −CN¥2.84bn | −CN¥3.16bn | −CN¥7.54bn | −CN¥7.49bn | −CN¥5.56bn | −CN¥5.28bn | −CN¥3.85bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.66bn | CN¥7.88bn | CN¥11.86bn | CN¥8.32bn | CN¥9.71bn | CN¥5.96bn | CN¥34.29bn | CN¥19.87bn |
| Gross profit | CN¥858.9m | CN¥1.26bn | CN¥1.61bn | CN¥1.06bn | CN¥645.7m | CN¥745.4m | CN¥2.29bn | CN¥4.89bn |
| Operating income | CN¥272.3m | CN¥643.5m | CN¥511.8m | CN¥114.5m | −CN¥218.4m | −CN¥319.3m | CN¥600.3m | −CN¥202.3m |
| Net income | −CN¥2.07bn | −CN¥679.6m | −CN¥8.80bn | −CN¥784.4m | −CN¥3.04bn | −CN¥657.8m | −CN¥2.70bn | −CN¥49.3m |
| Diluted earnings per share | -0.46 | -0.15 | -1.95 | -0.17 | -0.67 | -0.15 | -0.60 | -0.01 |
| Cash from operations | — | — | — | −CN¥198.0m | −CN¥189.0m | −CN¥790.0m | — | CN¥3.29bn |
| Capital spending | −CN¥57.0m | −CN¥39.0m | −CN¥432.0m | −CN¥31.0m | −CN¥28.0m | −CN¥24.0m | −CN¥57.0m | −CN¥12.0m |
| Free cash flow | — | — | — | −CN¥229.0m | −CN¥217.0m | −CN¥814.0m | — | CN¥3.28bn |
| Total assets | CN¥218.87bn | CN¥226.02bn | CN¥233.20bn | CN¥262.09bn | CN¥269.67bn | CN¥288.81bn | CN¥293.91bn | CN¥330.81bn |
| Cash and short-term investments | — | — | — | CN¥14.34bn | CN¥16.43bn | CN¥19.38bn | CN¥22.73bn | CN¥22.69bn |
| Debt | CN¥31.11bn | CN¥31.69bn | CN¥36.16bn | CN¥28.28bn | CN¥42.85bn | CN¥41.80bn | CN¥42.05bn | CN¥41.98bn |
| Shareholders' equity | CN¥42.57bn | CN¥44.74bn | CN¥45.65bn | CN¥54.53bn | CN¥55.30bn | CN¥58.35bn | CN¥59.04bn | CN¥61.47bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.2% | 9.9% | 14.9% | 17.7% | 20.0% | 32.3% |
| Operating margin | 2.5% | 1.0% | 7.1% | 11.4% | 16.2% | 24.3% |
| Net margin | -37.0% | -8.1% | 0.9% | 5.1% | 9.5% | 12.4% |
| Return on equity | -29.1% | -10.4% | 1.4% | 9.4% | 14.9% | 18.1% |
| Return on assets | -5.7% | -2.1% | 0.2% | 1.5% | 2.0% | 2.6% |
| Free cash flow yield | 4.3% | 111.3% | 22.5% | 166.6% | 81.7% | 71.7% |
| Revenue growth | -52.4% | -23.2% | -18.4% | 21.3% | 18.3% | 32.6% |
| Earnings growth | 117.2% | -788.5% | -85.5% | -35.0% | -9.5% | 3.2% |
| Current ratio | 1.39x | 1.40x | 1.37x | 1.42x | 1.41x | 1.41x |
| Debt to equity | 0.79x | 0.71x | 1.42x | 1.79x | 1.98x | 1.20x |
| Equity ratio | 19.6% | 20.1% | 17.4% | 15.6% | 13.6% | 14.3% |
| Interest coverage | 0.37x | 0.26x | 2.03x | 3.43x | 4.13x | 6.61x |
| R&D as a share of sales | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% |
| Buybacks as a share of market value | 0.3% | -0.3% | 0.0% | -1.0% | -0.1% | 0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.2% | -15.6% | 0.9% |
| Operating income | -59.8% | -46.5% | -17.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.9% | 14.6% | 18.5% | 23.8% |
| Operating margin | 1.5% | 6.8% | 11.5% | 16.3% |
| Net margin | -17.5% | -3.8% | 1.4% | 5.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -3.2 | 22.2 | 7.5 | 6.2 | 5.8 | 6.5 | 5.4 | 8.6 | 9.2 |
| Price to sales | 0.4 | 0.3 | 0.2 | 0.4 | 0.6 | 0.7 | 1.0 | 0.9 | 1.6 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.136 | 0.63 | 0.70 | 0.67 | 0.60 | 0.53 | 0.70 |
- 9-for-5 split · 4 May 2010
- 13-for-10 split · 2 Jun 2009
- 2-for-1 split · 2 Apr 2008
- 1-to-1 reverse split · 24 Aug 2006
- 9-for-5 split · 30 May 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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