G 
3.17
-0.94%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.86bn
FY2016FY2025
Net income
−CN¥329.6m
FY2016FY2025
Free cash flow
CN¥221.7m
FY2016FY2025
Shareholders' equity
CN¥2.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.86bn | CN¥2.17bn | CN¥2.82bn | CN¥2.74bn | CN¥3.35bn | CN¥3.41bn | CN¥3.36bn | CN¥3.88bn | CN¥3.81bn | CN¥3.69bn |
| Gross profit | CN¥1.11bn | CN¥1.32bn | CN¥1.88bn | CN¥1.92bn | CN¥2.60bn | CN¥2.70bn | CN¥2.63bn | CN¥2.81bn | CN¥2.84bn | CN¥2.80bn |
| Research and development | CN¥84.3m | CN¥100.5m | CN¥112.1m | CN¥126.9m | CN¥136.1m | CN¥146.0m | CN¥118.5m | CN¥76.8m | CN¥71.4m | CN¥443.2m |
| Operating income | −CN¥93.6m | −CN¥312.8m | CN¥137.4m | −CN¥351.4m | CN¥315.4m | CN¥315.9m | CN¥238.8m | −CN¥709.9m | CN¥537.0m | CN¥523.4m |
| Net income | −CN¥329.6m | −CN¥317.2m | CN¥103.4m | −CN¥426.4m | CN¥243.8m | CN¥228.8m | CN¥141.9m | −CN¥725.5m | CN¥387.5m | CN¥384.9m |
| Diluted earnings per share | -0.43 | -0.40 | 0.13 | -0.54 | 0.31 | 0.29 | 0.18 | -0.91 | 0.49 | 0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.44bn | CN¥4.10bn | CN¥4.60bn | CN¥4.87bn | CN¥5.07bn | CN¥5.23bn | CN¥5.62bn | CN¥6.48bn | CN¥7.19bn | CN¥6.59bn |
| Cash and short-term investments | — | CN¥541.0m | CN¥699.5m | CN¥592.4m | CN¥379.6m | CN¥617.4m | CN¥1.02bn | CN¥550.8m | CN¥1.17bn | CN¥1.03bn |
| Total liabilities | CN¥1.17bn | CN¥1.49bn | CN¥1.58bn | CN¥1.68bn | CN¥1.51bn | CN¥1.76bn | CN¥1.89bn | CN¥2.56bn | CN¥2.55bn | CN¥2.40bn |
| Debt | CN¥100.1m | CN¥711.4m | CN¥863.6m | CN¥1.08bn | CN¥903.0m | CN¥1.18bn | CN¥1.34bn | CN¥1.51bn | CN¥1.66bn | CN¥1.52bn |
| Shareholders' equity | CN¥2.19bn | CN¥2.49bn | CN¥2.88bn | CN¥3.04bn | CN¥3.50bn | CN¥3.37bn | CN¥3.60bn | CN¥3.46bn | CN¥4.23bn | CN¥3.89bn |
| Shares outstanding | 769m | 785m | 787m | 790m | 789m | 788m | 798m | 793m | 792m | 789m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥256.7m | CN¥86.9m | CN¥377.6m | CN¥345.3m | CN¥934.2m | CN¥366.7m | CN¥362.7m | CN¥214.3m | CN¥681.8m | CN¥380.6m |
| Capital spending | −CN¥35.0m | −CN¥96.3m | −CN¥130.4m | −CN¥322.9m | −CN¥447.8m | −CN¥395.7m | −CN¥201.3m | −CN¥321.3m | −CN¥402.8m | −CN¥332.5m |
| Free cash flow | CN¥221.7m | −CN¥9.4m | CN¥247.2m | CN¥22.4m | CN¥486.4m | −CN¥29.1m | CN¥161.4m | −CN¥107.0m | CN¥279.0m | CN¥48.1m |
| Dividends paid | −CN¥28.7m | −CN¥86.9m | −CN¥41.2m | −CN¥49.1m | −CN¥103.0m | −CN¥475.2m | −CN¥65.5m | −CN¥129.5m | −CN¥120.3m | −CN¥73.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥330.6m | CN¥358.8m | CN¥416.2m | CN¥453.6m | CN¥491.6m | CN¥501.5m | CN¥460.2m | CN¥545.6m |
| Gross profit | CN¥189.7m | CN¥207.9m | CN¥238.8m | CN¥288.0m | CN¥283.0m | CN¥301.7m | CN¥256.0m | CN¥354.3m |
| Operating income | −CN¥28.8m | −CN¥6.1m | −CN¥66.0m | −CN¥69.1m | −CN¥12.0m | −CN¥2.5m | −CN¥155.1m | −CN¥54.5m |
| Net income | −CN¥50.8m | −CN¥29.5m | −CN¥243.0m | −CN¥66.7m | −CN¥10.5m | −CN¥9.4m | −CN¥148.1m | −CN¥62.7m |
| Diluted earnings per share | -0.07 | -0.04 | -0.32 | -0.09 | -0.01 | -0.01 | -0.19 | -0.08 |
| Cash from operations | — | — | — | CN¥33.0m | CN¥163.0m | CN¥7.0m | — | −CN¥3.0m |
| Capital spending | −CN¥6.0m | −CN¥7.0m | −CN¥14.0m | −CN¥7.0m | −CN¥7.0m | −CN¥6.0m | −CN¥27.0m | −CN¥20.0m |
| Free cash flow | — | — | — | CN¥26.0m | CN¥156.0m | CN¥1.0m | — | −CN¥23.0m |
| Total assets | CN¥3.27bn | CN¥3.40bn | CN¥3.44bn | CN¥3.84bn | CN¥4.05bn | CN¥3.99bn | CN¥4.10bn | CN¥4.17bn |
| Cash and short-term investments | — | — | — | CN¥593.7m | CN¥695.1m | CN¥457.1m | CN¥521.0m | CN¥619.9m |
| Debt | CN¥149.5m | CN¥150.2m | CN¥100.1m | CN¥615.9m | CN¥760.9m | CN¥655.9m | CN¥688.4m | CN¥571.6m |
| Shareholders' equity | CN¥2.11bn | CN¥2.16bn | CN¥2.19bn | CN¥2.40bn | CN¥2.47bn | CN¥2.48bn | CN¥2.49bn | CN¥2.65bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.7% | 60.8% | 66.8% | 70.2% | 77.7% | 79.0% |
| Operating margin | -15.5% | -14.1% | 5.5% | -12.8% | 10.4% | 10.1% |
| Net margin | -17.7% | -14.6% | 3.7% | -15.6% | 7.3% | 6.7% |
| Return on equity | -15.1% | -12.7% | 3.6% | -14.0% | 7.0% | 6.8% |
| Return on assets | -9.6% | -7.7% | 2.2% | -8.8% | 4.8% | 4.4% |
| Free cash flow yield | — | 3.3% | 14.2% | — | — | — |
| Revenue growth | -14.3% | -22.9% | 3.1% | -18.3% | -1.9% | 1.6% |
| Earnings growth | 3.9% | -406.8% | -124.2% | -274.9% | 6.6% | 61.2% |
| Current ratio | 1.59x | 1.84x | 2.23x | 1.74x | 1.59x | 1.49x |
| Debt to equity | 0.05x | 0.28x | 0.29x | 0.34x | 0.25x | 0.35x |
| Equity ratio | 63.6% | 60.7% | 62.7% | 62.6% | 69.1% | 64.4% |
| Interest coverage | -12.34x | -11.41x | 6.84x | -8.65x | 9.20x | 7.53x |
| R&D as a share of sales | 4.5% | 4.6% | 4.0% | 4.6% | 4.1% | 4.3% |
| Buybacks as a share of market value | 2.1% | 0.2% | 0.3% | -0.1% | -0.1% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.0% | -11.4% | -5.6% |
| Operating income | -35.7% | — | — |
| Net income | -8.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 60.3% | 65.0% | 70.5% | 73.4% |
| Operating margin | -10.1% | -6.5% | 0.1% | 2.3% |
| Net margin | -16.0% | -10.1% | -3.0% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.3 | -8.8 | 43.3 | -10.2 | 26.3 | 18.0 | 28.0 | -6.0 | 20.9 | 34.1 |
| Price to sales | 1.6 | 1.3 | 1.6 | 1.6 | 1.9 | 1.2 | 1.2 | 1.1 | 2.1 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2024.
| FY2024 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.066 | 0.13 | 0.60 | 0.05 | 0.06 | 0.02 | 0.06 | 0.06 |
- 2-for-1 split · 16 Jul 2015
- 13-for-10 split · 3 Jul 2008
- 1-to-1 reverse split · 17 Jun 2008
- 3-for-2 split · 17 Sept 2007
- 3-for-2 split · 5 Jun 2006
- 1-to-1 reverse split · 5 Dec 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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