H 
9.94
-1.39%
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¥4.35bn
FY2016FY2025
Net income
CN¥28.4m
FY2016FY2025
Free cash flow
−CN¥123.0m
FY2016FY2025
Shareholders' equity
CN¥1.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.35bn | CN¥4.45bn | CN¥6.27bn | CN¥7.13bn | CN¥6.57bn | CN¥7.29bn | CN¥7.40bn | CN¥7.14bn | CN¥6.91bn | CN¥6.57bn |
| Research and development | — | CN¥18,247 | — | CN¥98,113 | — | — | — | — | — | — |
| Operating income | CN¥664.9m | CN¥49.0m | CN¥2.07bn | −CN¥2.36bn | −CN¥2.17bn | CN¥6.0m | −CN¥111.1m | −CN¥907.9m | −CN¥957.1m | CN¥145.5m |
| Net income | CN¥28.4m | CN¥84.7m | CN¥2.14bn | −CN¥2.02bn | −CN¥1.92bn | CN¥81.7m | CN¥67.4m | −CN¥728.6m | −CN¥895.7m | CN¥21.4m |
| Diluted earnings per share | 0.02 | 0.06 | 1.45 | -1.37 | -1.30 | 0.06 | 0.05 | -0.49 | -0.61 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥15.10bn | CN¥14.10bn | CN¥13.88bn | CN¥18.87bn | CN¥20.95bn | CN¥20.45bn | CN¥19.31bn | CN¥20.11bn | CN¥20.33bn | CN¥20.41bn |
| Cash and short-term investments | — | CN¥590.6m | CN¥500.5m | CN¥746.3m | CN¥1.08bn | CN¥1.00bn | CN¥694.1m | CN¥878.9m | CN¥624.4m | CN¥481.6m |
| Total liabilities | CN¥10.71bn | CN¥9.90bn | CN¥13.05bn | CN¥20.99bn | CN¥20.67bn | CN¥18.04bn | CN¥16.95bn | CN¥17.60bn | CN¥16.93bn | CN¥16.02bn |
| Debt | CN¥4.28bn | CN¥8.63bn | CN¥10.21bn | CN¥16.23bn | CN¥15.79bn | CN¥13.96bn | CN¥13.20bn | CN¥14.92bn | CN¥14.15bn | CN¥13.30bn |
| Shareholders' equity | CN¥1.37bn | CN¥1.33bn | CN¥349.9m | −CN¥1.80bn | CN¥199.7m | CN¥2.12bn | CN¥2.04bn | CN¥1.96bn | CN¥2.70bn | CN¥3.60bn |
| Shares outstanding | 1,393m | 1,464m | 1,473m | 1,473m | 1,473m | 1,455m | 1,470m | 1,473m | 1,472m | 1,457m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.09bn | CN¥805.5m | CN¥45.7m | CN¥441.2m | CN¥139.2m | CN¥1.06bn | CN¥1.63bn | CN¥994.4m | CN¥967.2m | CN¥1.73bn |
| Capital spending | −CN¥1.21bn | −CN¥490.8m | −CN¥576.3m | −CN¥540.8m | −CN¥571.7m | −CN¥1.35bn | −CN¥1.07bn | −CN¥753.5m | −CN¥933.5m | −CN¥984.5m |
| Free cash flow | −CN¥123.0m | CN¥314.8m | −CN¥530.6m | −CN¥99.6m | −CN¥432.5m | −CN¥283.7m | CN¥559.4m | CN¥240.9m | CN¥33.7m | CN¥749.9m |
| Dividends paid | −CN¥223.4m | −CN¥372.9m | −CN¥632.3m | −CN¥808.0m | −CN¥709.8m | −CN¥717.6m | −CN¥699.0m | −CN¥682.8m | −CN¥624.0m | −CN¥716.2m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥859.0m | CN¥839.8m | CN¥1.41bn | CN¥1.28bn | CN¥1.04bn | CN¥715.9m | CN¥1.31bn | CN¥1.33bn |
| Operating income | −CN¥144.4m | CN¥69.9m | CN¥359.7m | CN¥190.5m | CN¥4.2m | CN¥8.1m | CN¥215.7m | −CN¥43.1m |
| Net income | −CN¥203.5m | −CN¥52.6m | CN¥157.7m | CN¥25.1m | −CN¥82.8m | −CN¥59.5m | CN¥145.6m | CN¥60.5m |
| Diluted earnings per share | -0.15 | -0.04 | 0.11 | 0.02 | -0.06 | -0.04 | 0.10 | 0.04 |
| Cash from operations | — | — | — | — | CN¥433.0m | CN¥72.0m | CN¥88.0m | — |
| Capital spending | −CN¥274.0m | −CN¥165.0m | −CN¥314.0m | −CN¥522.0m | −CN¥335.0m | −CN¥181.0m | −CN¥171.0m | −CN¥294.0m |
| Free cash flow | — | — | — | — | CN¥98.0m | −CN¥109.0m | −CN¥83.0m | — |
| Total assets | CN¥17.55bn | CN¥17.99bn | CN¥15.04bn | CN¥15.10bn | CN¥14.03bn | CN¥13.99bn | CN¥14.00bn | CN¥14.10bn |
| Cash and short-term investments | — | — | — | — | CN¥495.1m | CN¥515.6m | CN¥578.3m | CN¥590.6m |
| Debt | CN¥7.20bn | CN¥7.12bn | CN¥4.68bn | CN¥4.28bn | CN¥3.81bn | CN¥7.21bn | CN¥7.05bn | CN¥6.54bn |
| Shareholders' equity | CN¥1.31bn | CN¥1.49bn | CN¥1.53bn | CN¥1.37bn | CN¥1.35bn | CN¥1.43bn | CN¥1.48bn | CN¥1.33bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 12.1% | 2.1% | 43.0% | -22.2% | -21.9% | 9.9% |
| Net margin | 0.7% | 1.9% | 34.1% | -28.3% | -29.2% | 1.1% |
| Return on equity | 2.1% | 6.4% | 611.8% | 112.3% | -961.5% | 3.9% |
| Return on assets | 0.2% | 0.6% | 15.4% | -10.7% | -9.2% | 0.4% |
| Free cash flow yield | 13.5% | 7.2% | 3.5% | 5.5% | 3.9% | 13.5% |
| Revenue growth | -2.3% | -29.0% | -12.0% | 8.4% | -9.8% | -1.6% |
| Earnings growth | -66.4% | -96.0% | -206.1% | 5.1% | -2449.4% | 21.2% |
| Current ratio | 0.41x | 0.38x | 0.24x | 0.21x | 0.27x | 0.27x |
| Debt to equity | 3.13x | 5.69x | 24.81x | -9.01x | 71.17x | 5.76x |
| Equity ratio | 9.1% | 9.4% | 2.5% | -9.5% | 1.0% | 10.3% |
| Interest coverage | 2.40x | 8.17x | 4.24x | -1.95x | -1.90x | 1.05x |
| R&D as a share of sales | — | 0.0% | — | 0.0% | — | — |
| Buybacks as a share of market value | 4.8% | 0.6% | 0.0% | -0.0% | -1.2% | 1.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.2% | -9.8% | -4.8% |
| Operating income | — | 156.0% | 0.1% |
| Net income | — | -19.0% | -19.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.1% | 1.9% | -4.8% | -4.1% |
| Net margin | 1.3% | 1.1% | -4.4% | -4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 139.5 | 47.7 | 1.8 | -2.1 | -2.6 | 49.9 | 40.5 | -3.9 | -5.1 | 354.0 |
| Price to sales | 0.9 | 0.9 | 0.6 | 0.6 | 0.8 | 0.6 | 0.4 | 0.4 | 0.7 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2017.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.055 | 0.10 | 0.075 | 0.05 | 0.015 | 0.01 | 0.01 |
- 13-for-10 split · 13 Sept 2007
- 1-to-1 reverse split · 31 Oct 2005
- 17-for-10 split · 27 May 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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