H 
2.64
-0.75%
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¥4.42bn
FY2016FY2025
Net income
CN¥218.6m
FY2016FY2025
Free cash flow
−CN¥410.8m
FY2016FY2025
Shareholders' equity
CN¥23.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.42bn | CN¥4.37bn | CN¥6.76bn | CN¥4.70bn | CN¥4.52bn | CN¥6.32bn | CN¥11.53bn | CN¥12.43bn | CN¥11.82bn | CN¥10.20bn |
| Research and development | CN¥1.5m | — | — | — | CN¥9.8m | CN¥6.5m | — | — | — | — |
| Operating income | CN¥467.7m | CN¥520.4m | CN¥1.52bn | CN¥160.7m | CN¥988.3m | −CN¥9.16bn | CN¥1.47bn | CN¥3.32bn | CN¥2.95bn | CN¥954.6m |
| Net income | CN¥218.6m | CN¥458.5m | CN¥952.8m | CN¥1.85bn | CN¥463.3m | −CN¥7.77bn | −CN¥1.52bn | CN¥1.73bn | CN¥2.06bn | CN¥997.1m |
| Diluted earnings per share | 0.02 | 0.04 | 0.08 | 0.16 | 0.12 | -1.99 | -0.39 | 0.44 | 3.17 | 2.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥59.72bn | CN¥53.69bn | CN¥55.79bn | CN¥56.13bn | CN¥61.17bn | CN¥57.43bn | CN¥81.52bn | CN¥93.95bn | CN¥92.35bn | CN¥97.00bn |
| Cash and short-term investments | — | CN¥4.99bn | CN¥7.38bn | CN¥8.89bn | CN¥11.00bn | CN¥1.86bn | CN¥10.33bn | CN¥15.60bn | CN¥16.09bn | CN¥17.49bn |
| Total liabilities | CN¥32.61bn | CN¥28.01bn | CN¥31.02bn | CN¥32.32bn | CN¥40.81bn | CN¥49.28bn | CN¥53.49bn | CN¥57.18bn | CN¥49.98bn | CN¥53.26bn |
| Debt | — | CN¥18.39bn | CN¥20.46bn | CN¥20.04bn | CN¥21.77bn | CN¥21.05bn | CN¥25.10bn | CN¥29.58bn | CN¥35.75bn | CN¥35.84bn |
| Shareholders' equity | CN¥23.56bn | CN¥23.52bn | CN¥23.12bn | CN¥22.41bn | CN¥19.31bn | CN¥7.26bn | CN¥23.38bn | CN¥31.00bn | CN¥31.65bn | CN¥34.02bn |
| Shares outstanding | 11,425m | 11,425m | 11,425m | 11,425m | 3,737m | 3,907m | 3,909m | 3,907m | 651m | 445m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥110.7m | −CN¥782.0m | CN¥779.7m | −CN¥3.15bn | CN¥422.5m | CN¥871.1m | CN¥2.31bn | CN¥6.00bn | CN¥2.95bn | CN¥436.2m |
| Capital spending | −CN¥521.5m | −CN¥581.5m | −CN¥1.66bn | −CN¥483.6m | −CN¥335.2m | −CN¥411.1m | −CN¥394.4m | −CN¥734.1m | −CN¥795.0m | −CN¥7.06bn |
| Free cash flow | −CN¥410.8m | −CN¥1.36bn | −CN¥879.9m | −CN¥3.63bn | CN¥87.3m | CN¥460.0m | CN¥1.92bn | CN¥5.27bn | CN¥2.15bn | −CN¥6.62bn |
| Dividends paid | −CN¥483.5m | −CN¥583.5m | −CN¥676.4m | −CN¥761.4m | −CN¥40.5m | −CN¥553.5m | −CN¥1.64bn | −CN¥1.76bn | −CN¥2.38bn | −CN¥3.58bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.27bn | CN¥1.74bn | CN¥1.14bn | CN¥913.0m | CN¥1.22bn | CN¥1.09bn | CN¥1.28bn | CN¥841.3m |
| Operating income | −CN¥93.7m | CN¥331.8m | −CN¥7.0m | CN¥2.0m | CN¥34.9m | CN¥270.0m | CN¥297.8m | −CN¥69.0m |
| Net income | CN¥6.3m | CN¥112.5m | CN¥154.2m | −CN¥63.3m | CN¥27.2m | CN¥100.4m | CN¥245.6m | −CN¥76.6m |
| Diluted earnings per share | 0.00 | 0.01 | 0.01 | -0.01 | 0.00 | 0.01 | 0.02 | -0.01 |
| Cash from operations | — | — | — | CN¥658.0m | — | −CN¥880.0m | — | −CN¥693.0m |
| Capital spending | −CN¥187.0m | −CN¥238.0m | −CN¥167.0m | −CN¥121.0m | −CN¥113.0m | −CN¥119.0m | −CN¥299.0m | −CN¥68.0m |
| Free cash flow | — | — | — | CN¥537.0m | — | −CN¥999.0m | — | −CN¥761.0m |
| Total assets | CN¥60.69bn | CN¥60.90bn | CN¥59.72bn | CN¥52.97bn | CN¥52.94bn | CN¥53.16bn | CN¥53.69bn | CN¥54.00bn |
| Cash and short-term investments | — | — | — | CN¥4.91bn | CN¥4.82bn | CN¥4.35bn | CN¥4.99bn | CN¥5.80bn |
| Debt | CN¥19.12bn | CN¥18.39bn | CN¥17.89bn | CN¥2.97bn | CN¥14.81bn | CN¥14.47bn | CN¥14.35bn | CN¥16.62bn |
| Shareholders' equity | CN¥24.14bn | CN¥24.25bn | CN¥23.56bn | CN¥23.54bn | CN¥23.51bn | CN¥23.71bn | CN¥23.52bn | CN¥23.41bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 10.6% | 11.9% | 22.5% | 3.4% | 21.8% | -145.0% | — | — |
| Net margin | 4.9% | 10.5% | 14.1% | 39.4% | 10.2% | -122.9% | — | — |
| Return on equity | 0.9% | 1.9% | 4.1% | 8.3% | 2.4% | -107.0% | — | — |
| Return on assets | 0.4% | 0.9% | 1.7% | 3.3% | 0.8% | -13.5% | — | — |
| Free cash flow yield | 2.0% | -0.6% | 7.9% | -8.6% | 7.5% | 12.1% | — | — |
| Revenue growth | 1.2% | -35.4% | 43.8% | 3.9% | -28.4% | -45.2% | — | — |
| Earnings growth | -52.3% | -51.9% | -48.6% | 299.8% | -106.0% | 412.5% | — | — |
| Current ratio | 1.58x | 1.96x | 2.33x | 2.20x | 1.61x | 0.63x | — | — |
| Debt to equity | 0.76x | 0.61x | 0.80x | 0.84x | 1.04x | 3.34x | — | — |
| Equity ratio | 39.5% | 43.8% | 41.4% | 39.9% | 31.6% | 12.6% | — | — |
| Interest coverage | 0.93x | 0.86x | 2.57x | 0.23x | 2.87x | -2.75x | — | — |
| R&D as a share of sales | 0.0% | — | — | — | 0.2% | 0.1% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -205.8% | 4.3% | 0.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.0% | -6.9% | -6.5% |
| Operating income | 42.8% | — | 7.7% |
| Net income | -51.0% | — | -7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.2% | 13.2% | -17.7% | 4.0% |
| Net margin | 7.7% | 17.2% | -12.3% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 278.6 | 94.2 | 44.4 | 31.0 | 36.5 | -2.2 | -7.4 | 6.8 | 1.2 | 1.6 |
| Price to sales | 13.8 | 9.9 | 6.3 | 12.2 | 3.7 | 2.7 | 1.0 | 0.9 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 17 Jul 2025.
| FY2025 | FY2003 | FY2002 | |
|---|---|---|---|
| Paid in the year | 0.005 | 0.014 | 0.09 |
- 1.477-for-1 split · 22 Dec 2021
- 1.213-for-1 split · 13 Apr 2007
- 1.58-for-1 split · 16 Jun 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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