K 
1.33
-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¥5.25bn
FY2016FY2025
Net income
CN¥10.3m
FY2016FY2025
Free cash flow
−CN¥105.7m
FY2016FY2025
Shareholders' equity
CN¥7.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.25bn | CN¥5.19bn | CN¥4.87bn | CN¥4.18bn | CN¥4.15bn | CN¥5.41bn | CN¥11.45bn | CN¥17.07bn | CN¥17.58bn | CN¥21.64bn |
| Gross profit | CN¥1.05bn | CN¥653.4m | CN¥728.9m | CN¥431.1m | CN¥91.5m | −CN¥23.63bn | CN¥948.0m | CN¥5.38bn | CN¥6.76bn | CN¥6.45bn |
| Research and development | CN¥45.3m | CN¥51.5m | CN¥45.6m | CN¥25.4m | CN¥9.3m | CN¥11.4m | CN¥110.1m | CN¥142.3m | CN¥141.4m | CN¥124.6m |
| Operating income | CN¥111.7m | −CN¥24.8m | CN¥86.7m | −CN¥1.78bn | CN¥10.11bn | −CN¥30.49bn | −CN¥3.87bn | CN¥686.9m | CN¥2.89bn | CN¥3.96bn |
| Net income | CN¥10.3m | CN¥8.6m | CN¥102.5m | −CN¥2.69bn | CN¥7.92bn | −CN¥31.08bn | −CN¥4.66bn | CN¥374.5m | CN¥2.15bn | CN¥3.34bn |
| Diluted earnings per share | 0.00 | 0.00 | 0.01 | -0.19 | 0.69 | -6.30 | -0.89 | 0.08 | 0.43 | 0.66 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥13.22bn | CN¥13.80bn | CN¥14.28bn | CN¥15.11bn | CN¥16.05bn | CN¥33.33bn | CN¥64.59bn | CN¥73.14bn | CN¥65.29bn | CN¥54.82bn |
| Cash and short-term investments | — | CN¥977.9m | CN¥1.06bn | CN¥1.51bn | CN¥2.42bn | CN¥552.3m | CN¥507.1m | CN¥1.84bn | CN¥4.21bn | CN¥27.33bn |
| Total liabilities | CN¥5.89bn | CN¥6.59bn | CN¥7.20bn | CN¥8.18bn | CN¥6.09bn | CN¥43.74bn | CN¥43.94bn | CN¥47.03bn | CN¥36.78bn | CN¥25.44bn |
| Debt | — | CN¥110.8m | CN¥214.3m | CN¥263.9m | CN¥205.3m | CN¥31.08bn | CN¥32.93bn | CN¥29.04bn | CN¥22.18bn | CN¥13.14bn |
| Shareholders' equity | CN¥7.29bn | CN¥7.17bn | CN¥7.05bn | CN¥6.95bn | CN¥9.93bn | −CN¥10.54bn | CN¥20.52bn | CN¥25.58bn | CN¥28.41bn | CN¥29.12bn |
| Shares outstanding | 13,829m | 13,864m | 12,117m | 13,864m | 11,486m | 4,936m | 5,233m | 4,931m | 4,997m | 5,035m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥111.3m | −CN¥427.6m | −CN¥317.5m | −CN¥750.0m | CN¥214.2m | CN¥1.03bn | CN¥2.88bn | CN¥305.6m | −CN¥4.84bn | CN¥1.60bn |
| Capital spending | −CN¥217.1m | −CN¥61.7m | −CN¥99.7m | −CN¥48.1m | −CN¥171.6m | −CN¥301.7m | −CN¥473.2m | −CN¥4.59bn | −CN¥2.15bn | −CN¥1.57bn |
| Free cash flow | −CN¥105.7m | −CN¥489.3m | −CN¥417.3m | −CN¥798.1m | CN¥42.6m | CN¥729.7m | CN¥2.41bn | −CN¥4.29bn | −CN¥6.99bn | CN¥35.8m |
| Dividends paid | — | −CN¥750,000 | — | −CN¥897,000 | −CN¥13.8m | −CN¥1.03bn | −CN¥2.55bn | −CN¥3.02bn | −CN¥2.22bn | −CN¥1.93bn |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.24bn | CN¥1.21bn | CN¥1.08bn | CN¥1.29bn | CN¥1.37bn | CN¥1.28bn | CN¥1.30bn | CN¥1.32bn |
| Gross profit | CN¥269.3m | CN¥249.6m | CN¥238.3m | CN¥294.1m | CN¥255.3m | CN¥249.2m | CN¥235.5m | CN¥104.9m |
| Operating income | CN¥19.3m | −CN¥24.8m | −CN¥10.9m | CN¥147.2m | −CN¥36.7m | CN¥16.5m | CN¥13.1m | CN¥16.0m |
| Net income | CN¥57.4m | CN¥52.6m | −CN¥16.6m | −CN¥2.8m | −CN¥3.8m | CN¥8.4m | CN¥8.5m | CN¥3.6m |
| Diluted earnings per share | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | — | — | CN¥219.0m | CN¥19.0m | −CN¥101.0m | −CN¥77.0m |
| Capital spending | −CN¥17.0m | −CN¥10.0m | −CN¥15.0m | −CN¥142.0m | −CN¥48.0m | −CN¥18.0m | −CN¥7.0m | −CN¥24.0m |
| Free cash flow | — | — | — | — | CN¥171.0m | CN¥1.0m | −CN¥108.0m | −CN¥101.0m |
| Total assets | CN¥12.91bn | CN¥13.07bn | CN¥13.31bn | CN¥13.22bn | CN¥13.68bn | CN¥13.64bn | CN¥13.71bn | CN¥13.80bn |
| Cash and short-term investments | — | — | — | — | CN¥1.18bn | CN¥902.7m | CN¥894.2m | CN¥977.9m |
| Debt | — | — | — | — | CN¥114.8m | CN¥20.1m | CN¥33.0m | CN¥15.8m |
| Shareholders' equity | CN¥7.38bn | CN¥7.33bn | CN¥7.27bn | CN¥7.29bn | CN¥7.19bn | CN¥7.19bn | CN¥7.18bn | CN¥7.17bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.0% | 12.6% | 15.0% | 10.3% | 2.2% | -436.7% | — |
| Operating margin | 1.0% | -8.0% | 1.8% | -24.9% | -73.4% | -495.1% | — |
| Net margin | 0.2% | 0.2% | 2.1% | -64.3% | 190.7% | -574.4% | — |
| Return on equity | 0.1% | 0.1% | 1.5% | -38.7% | 79.8% | 295.0% | — |
| Return on assets | 0.1% | 0.1% | 0.7% | -17.8% | 49.3% | -93.3% | — |
| Free cash flow yield | 1.8% | -2.0% | -1.3% | -3.7% | 2.5% | 20.0% | — |
| Revenue growth | 1.2% | 6.5% | 16.6% | 0.7% | -23.3% | -52.7% | — |
| Earnings growth | 20.5% | -91.6% | -103.8% | -134.0% | -125.5% | 567.0% | — |
| Current ratio | 1.26x | 1.17x | 1.46x | 1.36x | 1.67x | 0.80x | — |
| Debt to equity | — | 0.00x | 0.00x | 0.01x | 0.01x | -2.06x | 1.75x |
| Equity ratio | 55.1% | 52.0% | 49.4% | 46.0% | 61.8% | -31.6% | — |
| Interest coverage | 2.84x | -18.45x | 1.50x | -12.87x | -2.98x | -12.21x | — |
| R&D as a share of sales | 0.9% | 1.0% | 0.9% | 0.6% | 0.2% | 0.2% | — |
| Buybacks as a share of market value | 0.3% | -14.4% | 12.6% | -20.7% | -132.7% | 5.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | -0.6% | -11.6% |
| Operating income | — | — | -28.5% |
| Net income | — | — | -42.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 14.7% | -71.2% | 3.5% |
| Operating margin | 0.8% | -8.2% | -75.7% | -13.2% |
| Net margin | 0.2% | -13.2% | -88.6% | -19.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | — | 219.8 | -11.3 | 4.5 | -0.4 | -3.9 | 113.9 | 48.6 | 25.1 |
| Price to sales | 5.0 | 6.3 | 4.6 | 7.3 | 8.6 | 2.3 | 1.6 | 2.5 | 6.0 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Aug 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.024 | 0.235 | 0.205 | 0.19 | 0.32 | 0.13 | 0.10 | 0.025 |
- 1.065-for-1 split · 15 Dec 2021
- 2-for-1 split · 22 Apr 2009
- 3-for-2 split · 4 Mar 2008
- 2-for-1 split · 8 May 2007
- 3-for-2 split · 18 May 2006
- 1-to-1 reverse split · 25 Oct 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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