Y 
9.08
-1.41%
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¥9.18bn
FY2016FY2025
Net income
−CN¥1.39bn
FY2016FY2025
Free cash flow
−CN¥524.9m
FY2016FY2025
Shareholders' equity
CN¥7.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.18bn | CN¥9.15bn | CN¥9.80bn | CN¥9.26bn | CN¥8.93bn | CN¥8.53bn | CN¥8.51bn | CN¥7.70bn | CN¥6.34bn | CN¥5.11bn |
| Gross profit | CN¥4.56bn | CN¥4.35bn | CN¥4.96bn | CN¥5.22bn | CN¥5.46bn | CN¥5.15bn | CN¥5.57bn | CN¥5.38bn | CN¥4.53bn | CN¥3.51bn |
| Research and development | CN¥2.29bn | CN¥1.30bn | CN¥1.59bn | CN¥3.51bn | CN¥1.48bn | CN¥1.47bn | CN¥1.63bn | CN¥1.39bn | CN¥1.11bn | CN¥1.07bn |
| Operating income | — | −CN¥1.96bn | −CN¥1.04bn | CN¥251.2m | CN¥778.7m | CN¥1.23bn | CN¥1.40bn | CN¥1.05bn | CN¥804.7m | CN¥337.0m |
| Net income | −CN¥1.39bn | −CN¥2.06bn | −CN¥967.2m | CN¥219.2m | CN¥707.8m | CN¥985.5m | CN¥1.18bn | CN¥612.1m | CN¥389.1m | CN¥197.4m |
| Diluted earnings per share | -0.41 | -0.65 | -0.28 | 0.06 | 0.19 | 0.31 | 0.36 | 0.19 | 0.13 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥21.63bn | CN¥24.16bn | CN¥25.52bn | CN¥23.56bn | CN¥17.33bn | CN¥16.95bn | CN¥17.54bn | CN¥15.22bn | CN¥14.03bn | CN¥12.16bn |
| Cash and short-term investments | — | CN¥6.55bn | CN¥8.30bn | CN¥8.34bn | CN¥4.90bn | CN¥5.84bn | CN¥7.37bn | CN¥5.53bn | CN¥4.02bn | CN¥4.55bn |
| Total liabilities | CN¥12.38bn | CN¥14.36bn | CN¥13.72bn | CN¥11.04bn | CN¥9.40bn | CN¥8.40bn | CN¥9.24bn | CN¥7.57bn | CN¥7.29bn | CN¥5.77bn |
| Debt | — | CN¥6.98bn | CN¥6.19bn | CN¥4.35bn | CN¥3.27bn | CN¥2.42bn | CN¥4.37bn | CN¥3.46bn | CN¥3.91bn | CN¥2.69bn |
| Shareholders' equity | CN¥7.60bn | CN¥8.25bn | CN¥10.15bn | CN¥11.46bn | CN¥6.99bn | CN¥7.54bn | CN¥7.17bn | CN¥6.57bn | CN¥5.85bn | CN¥5.69bn |
| Shares outstanding | 3,417m | 3,175m | 3,419m | 3,372m | 3,698m | 3,226m | 3,326m | 3,183m | 3,079m | 3,336m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥812.4m | −CN¥273.6m | −CN¥90.5m | CN¥286.0m | CN¥1.30bn | CN¥1.61bn | CN¥1.53bn | CN¥2.04bn | CN¥1.43bn | CN¥887.1m |
| Capital spending | −CN¥1.34bn | −CN¥1.76bn | −CN¥1.80bn | −CN¥1.56bn | −CN¥1.03bn | −CN¥591.5m | −CN¥375.7m | −CN¥487.0m | −CN¥454.4m | −CN¥340.3m |
| Free cash flow | −CN¥524.9m | −CN¥2.03bn | −CN¥1.89bn | −CN¥1.27bn | CN¥274.0m | CN¥1.02bn | CN¥1.16bn | CN¥1.56bn | CN¥975.9m | CN¥546.8m |
| Dividends paid | −CN¥169.1m | −CN¥188.5m | −CN¥203.6m | −CN¥339.2m | −CN¥650.5m | −CN¥646.0m | −CN¥474.4m | −CN¥420.5m | −CN¥349.3m | −CN¥331.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.27bn | CN¥1.46bn | CN¥3.60bn | CN¥2.00bn | CN¥2.20bn | CN¥1.38bn | CN¥3.41bn | CN¥1.93bn |
| Gross profit | CN¥1.24bn | CN¥652.6m | CN¥1.95bn | CN¥879.1m | CN¥1.19bn | CN¥538.3m | CN¥1.54bn | CN¥803.1m |
| Operating income | −CN¥132.7m | −CN¥648.4m | CN¥221.2m | −CN¥507.0m | −CN¥198.5m | −CN¥772.0m | −CN¥561.5m | −CN¥639.8m |
| Net income | −CN¥205.9m | −CN¥722.6m | CN¥8.9m | −CN¥453.6m | −CN¥208.7m | −CN¥735.8m | −CN¥605.9m | −CN¥661.4m |
| Diluted earnings per share | -0.06 | -0.21 | 0.00 | -0.13 | -0.06 | -0.22 | -0.19 | -0.21 |
| Cash from operations | — | — | — | −CN¥7.0m | CN¥94.0m | −CN¥1.02bn | CN¥1.80bn | −CN¥503.0m |
| Capital spending | −CN¥248.0m | −CN¥302.0m | −CN¥366.0m | −CN¥297.0m | −CN¥333.0m | −CN¥340.0m | −CN¥431.0m | −CN¥378.0m |
| Free cash flow | — | — | — | −CN¥304.0m | −CN¥239.0m | −CN¥1.36bn | CN¥1.37bn | −CN¥881.0m |
| Total assets | CN¥21.16bn | CN¥21.13bn | CN¥21.63bn | CN¥21.51bn | CN¥21.93bn | CN¥22.28bn | CN¥24.16bn | CN¥23.46bn |
| Cash and short-term investments | — | — | — | CN¥3.74bn | CN¥4.29bn | CN¥4.62bn | CN¥6.55bn | CN¥4.82bn |
| Debt | CN¥28.5m | CN¥68.5m | CN¥668.5m | CN¥4.83bn | CN¥5.17bn | CN¥5.57bn | CN¥5.79bn | CN¥6.74bn |
| Shareholders' equity | CN¥6.72bn | CN¥6.90bn | CN¥7.60bn | CN¥7.41bn | CN¥7.55bn | CN¥7.50bn | CN¥8.25bn | CN¥8.74bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 49.6% | 47.5% | 50.6% | 56.3% | 61.1% | 60.4% | — |
| Operating margin | — | -21.4% | -10.6% | 2.7% | 8.7% | 14.4% | 16.5% |
| Net margin | -15.1% | -22.5% | -9.9% | 2.4% | 7.9% | 11.6% | — |
| Return on equity | -18.3% | -25.0% | -9.5% | 1.9% | 10.1% | 13.1% | — |
| Return on assets | -6.4% | -8.5% | -3.8% | 0.9% | 4.1% | 5.8% | — |
| Free cash flow yield | 6.7% | 5.0% | 5.3% | 5.8% | 6.7% | 7.3% | — |
| Revenue growth | 0.3% | -6.6% | 5.8% | 3.7% | 4.7% | 0.2% | — |
| Earnings growth | -32.6% | 113.1% | -541.3% | -69.0% | -28.2% | -16.7% | — |
| Current ratio | 0.76x | 0.89x | 1.16x | 1.29x | 0.92x | 1.10x | — |
| Debt to equity | 0.09x | 0.70x | 0.56x | 0.19x | 0.21x | 0.36x | — |
| Equity ratio | 35.1% | 34.1% | 39.8% | 48.7% | 40.3% | 44.5% | — |
| Interest coverage | — | -10.64x | -5.88x | 1.59x | 5.29x | 6.77x | 7.10x |
| R&D as a share of sales | 24.9% | 14.3% | 16.2% | 37.9% | 16.6% | 17.2% | — |
| Buybacks as a share of market value | -7.6% | 7.1% | -1.4% | 8.8% | -14.6% | 3.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.3% | 1.5% | 7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 48.6% | 51.0% | 54.1% | 59.4% |
| Net margin | -18.8% | -11.2% | -4.6% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -32.6 | -16.5 | -62.9 | 371.9 | 187.5 | 143.6 | 61.4 | 65.5 | 76.2 | 160.2 |
| Price to sales | 4.9 | 3.7 | 6.2 | 8.8 | 14.9 | 16.6 | 8.5 | 5.2 | 4.7 | 6.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.10 | 0.20 | 0.20 | 0.148 | 0.068 | 0.059 | 0.068 |
- 13-for-10 split · 19 May 2020
- 13-for-10 split · 7 May 2019
- 13-for-10 split · 2 May 2018
- 6-for-5 split · 30 Apr 2015
- 6-for-5 split · 23 Apr 2014
- 6-for-5 split · 19 Apr 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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