G 
3.01
-1.31%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥7.15bn
FY2016FY2025
Net income
−CN¥303.7m
FY2016FY2025
Free cash flow
−CN¥1.19bn
FY2016FY2025
Shareholders' equity
CN¥4.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.15bn | CN¥7.59bn | CN¥7.40bn | CN¥8.09bn | CN¥7.40bn | CN¥6.50bn | CN¥2.59bn | CN¥2.55bn | CN¥2.06bn | CN¥1.74bn |
| Gross profit | CN¥292.1m | CN¥698.0m | CN¥464.1m | CN¥1.14bn | CN¥1.33bn | CN¥1.02bn | CN¥657.0m | CN¥510.2m | CN¥346.7m | CN¥356.5m |
| Research and development | CN¥228.4m | CN¥365.0m | CN¥369.2m | CN¥316.9m | CN¥312.8m | CN¥182.6m | CN¥157.0m | CN¥89.3m | CN¥15.9m | CN¥60.6m |
| Operating income | −CN¥357.0m | CN¥189.9m | −CN¥224.6m | CN¥508.9m | CN¥472.1m | CN¥513.0m | CN¥245.6m | CN¥174.0m | CN¥104.0m | CN¥169.1m |
| Net income | −CN¥303.7m | CN¥183.7m | −CN¥46.2m | CN¥385.4m | CN¥138.7m | CN¥318.0m | CN¥170.3m | CN¥109.2m | CN¥52.8m | CN¥108.5m |
| Diluted earnings per share | -0.17 | 0.09 | -0.03 | 0.24 | 0.10 | 0.21 | 0.13 | 0.10 | 0.04 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.64bn | CN¥11.23bn | CN¥10.34bn | CN¥9.90bn | CN¥9.28bn | CN¥3.83bn | CN¥3.94bn | CN¥3.97bn | CN¥3.83bn | CN¥4.18bn |
| Cash and short-term investments | CN¥1.37bn | CN¥1.20bn | CN¥926.4m | CN¥1.72bn | CN¥1.31bn | CN¥222.8m | CN¥309.9m | CN¥230.8m | CN¥92.5m | CN¥443.8m |
| Total liabilities | CN¥6.00bn | CN¥4.96bn | CN¥4.18bn | CN¥2.72bn | CN¥2.37bn | CN¥1.03bn | CN¥1.28bn | CN¥1.34bn | CN¥1.29bn | CN¥1.64bn |
| Debt | CN¥4.83bn | CN¥3.14bn | CN¥2.14bn | CN¥888.3m | CN¥820.2m | CN¥485.1m | CN¥787.1m | CN¥739.8m | CN¥844.3m | CN¥1.04bn |
| Shareholders' equity | CN¥4.23bn | CN¥4.64bn | CN¥4.47bn | CN¥5.29bn | CN¥5.01bn | CN¥2.81bn | CN¥2.67bn | CN¥2.63bn | CN¥2.53bn | CN¥2.53bn |
| Shares outstanding | 1,750m | 2,100m | 1,845m | 1,575m | 1,421m | 1,548m | 1,272m | 1,064m | 1,418m | 994m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥296.4m | CN¥293.7m | −CN¥263.1m | CN¥786.6m | CN¥1.17bn | CN¥323.8m | CN¥221.2m | CN¥189.4m | CN¥76.8m | CN¥158.1m |
| Capital spending | −CN¥891.0m | −CN¥741.0m | −CN¥720.0m | −CN¥260.4m | −CN¥41.3m | −CN¥24.6m | −CN¥16.2m | −CN¥51.2m | −CN¥44.1m | −CN¥159.3m |
| Free cash flow | −CN¥1.19bn | −CN¥447.3m | −CN¥983.0m | CN¥526.2m | CN¥1.13bn | CN¥299.2m | CN¥205.0m | CN¥138.2m | CN¥32.8m | −CN¥1.1m |
| Dividends paid | −CN¥104.9m | −CN¥78.0m | −CN¥513.7m | −CN¥129.0m | −CN¥73.1m | −CN¥42.4m | −CN¥33.1m | −CN¥55.3m | −CN¥109.3m | −CN¥65.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.92bn | CN¥1.72bn | CN¥1.92bn | CN¥1.83bn | CN¥1.85bn | CN¥1.56bn | CN¥2.25bn | CN¥1.88bn |
| Gross profit | CN¥255.0m | CN¥110.9m | −CN¥1.5m | CN¥121.6m | CN¥74.4m | CN¥142.5m | CN¥133.2m | CN¥164.6m |
| Operating income | CN¥57.5m | −CN¥994,265 | −CN¥330.7m | −CN¥70.3m | −CN¥95.6m | CN¥2.8m | CN¥160.8m | −CN¥20.3m |
| Net income | CN¥32.7m | CN¥180.1m | −CN¥209.3m | −CN¥36.4m | −CN¥58.6m | CN¥647,164 | CN¥113.7m | −CN¥14.8m |
| Diluted earnings per share | 0.02 | 0.10 | -0.12 | -0.02 | -0.03 | 0.00 | 0.05 | -0.01 |
| Cash from operations | — | — | CN¥613.0m | −CN¥3.0m | −CN¥123.0m | −CN¥798.0m | — | −CN¥183.0m |
| Capital spending | −CN¥77.0m | −CN¥193.0m | −CN¥250.0m | −CN¥293.0m | −CN¥215.0m | −CN¥131.0m | −CN¥341.0m | −CN¥115.0m |
| Free cash flow | — | — | CN¥363.0m | −CN¥296.0m | −CN¥338.0m | −CN¥929.0m | — | −CN¥298.0m |
| Total assets | CN¥11.38bn | CN¥11.71bn | CN¥11.64bn | CN¥11.86bn | CN¥11.61bn | CN¥11.18bn | CN¥11.23bn | CN¥11.16bn |
| Cash and short-term investments | — | — | CN¥1.37bn | CN¥943.9m | CN¥796.0m | CN¥706.9m | CN¥1.20bn | CN¥720.9m |
| Debt | CN¥1.59bn | CN¥1.87bn | CN¥4.83bn | CN¥3.44bn | CN¥3.57bn | CN¥2.96bn | CN¥3.13bn | CN¥2.58bn |
| Shareholders' equity | CN¥4.45bn | CN¥4.41bn | CN¥4.23bn | CN¥4.45bn | CN¥4.48bn | CN¥4.65bn | CN¥4.64bn | CN¥4.51bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.1% | 9.2% | 6.3% | 14.1% | 17.9% | 15.8% |
| Operating margin | -5.0% | 3.4% | -2.0% | 6.7% | 7.0% | 8.2% |
| Net margin | -4.2% | 2.4% | -0.6% | 4.8% | 1.9% | 4.9% |
| Return on equity | -7.2% | 4.0% | -1.0% | 7.3% | 2.8% | 11.3% |
| Return on assets | -2.6% | 1.6% | -0.4% | 3.9% | 1.5% | 8.3% |
| Free cash flow yield | 10.5% | 15.3% | 7.7% | 20.6% | 26.5% | 7.0% |
| Revenue growth | -5.8% | 2.5% | -8.4% | 9.3% | 13.9% | 150.4% |
| Earnings growth | -265.3% | -497.3% | -112.0% | 177.8% | -56.4% | 86.7% |
| Current ratio | 1.10x | 1.36x | 1.23x | 1.80x | 1.86x | 1.64x |
| Debt to equity | 1.14x | 0.67x | 0.47x | 0.16x | 0.15x | 0.37x |
| Equity ratio | 36.4% | 41.3% | 43.2% | 53.4% | 54.0% | 73.2% |
| Interest coverage | -3.91x | 3.15x | -2.54x | 15.77x | 10.60x | 6.91x |
| R&D as a share of sales | 3.2% | 4.8% | 5.0% | 3.9% | 4.2% | 2.8% |
| Buybacks as a share of market value | 16.6% | -13.8% | -17.2% | -10.8% | 8.2% | -21.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | 1.9% | 18.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.7% | 8.6% | 11.2% | 13.0% |
| Operating margin | -1.1% | 0.4% | 2.5% | 3.3% |
| Net margin | -0.8% | 0.7% | 1.5% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -18.8 | 36.2 | -138.1 | 16.6 | 50.2 | 22.5 | 24.7 | 35.2 | 124.6 | 73.5 |
| Price to sales | 0.8 | 0.9 | 0.9 | 0.8 | 0.9 | 1.1 | 1.6 | 1.5 | 3.2 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 26 May 2025.
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.25 | 0.07 | 0.045 | 0.028 | 0.026 | 0.013 | 0.038 |
- 2-for-1 split · 22 Apr 2013
- 7-for-5 split · 30 May 2012
- 6-for-5 split · 13 Apr 2011
- 13-for-10 split · 26 Apr 2010
- 1-to-1 reverse split · 24 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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