G 
1.25
-0.79%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥180.51bn
FY2016FY2025
Net income
−CN¥26.21bn
FY2016FY2025
Free cash flow
CN¥3.03bn
FY2016FY2025
Shareholders' equity
CN¥38.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥180.51bn | CN¥240.91bn | CN¥360.31bn | CN¥435.91bn | CN¥544.76bn | CN¥456.06bn | CN¥428.08bn | CN¥348.73bn | CN¥290.42bn | CN¥247.40bn |
| Gross profit | CN¥7.92bn | CN¥16.66bn | CN¥27.05bn | CN¥42.85bn | CN¥59.45bn | CN¥63.35bn | CN¥63.92bn | CN¥53.42bn | CN¥41.11bn | CN¥37.52bn |
| Research and development | CN¥852.7m | CN¥1.20bn | CN¥1.44bn | CN¥1.60bn | CN¥1.74bn | CN¥1.18bn | CN¥1.01bn | CN¥62.2m | CN¥8.8m | CN¥19.5m |
| Operating income | −CN¥4.57bn | −CN¥2.00bn | CN¥2.97bn | CN¥17.08bn | CN¥19.32bn | CN¥31.64bn | CN¥31.66bn | CN¥24.68bn | CN¥20.08bn | CN¥15.32bn |
| Net income | −CN¥26.21bn | −CN¥15.55bn | −CN¥9.56bn | CN¥1.03bn | CN¥6.18bn | CN¥15.00bn | CN¥14.74bn | CN¥11.37bn | CN¥9.38bn | CN¥7.21bn |
| Diluted earnings per share | -1.87 | -1.18 | -0.68 | 0.07 | 0.45 | 1.17 | 1.14 | 0.88 | 0.75 | 0.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.07trn | CN¥1.10trn | CN¥1.19trn | CN¥1.37trn | CN¥1.47trn | CN¥1.40trn | CN¥1.15trn | CN¥1.04trn | CN¥848.53bn | CN¥733.14bn |
| Cash and short-term investments | — | CN¥33.29bn | CN¥56.08bn | CN¥71.18bn | CN¥93.84bn | CN¥116.41bn | CN¥100.01bn | CN¥88.44bn | CN¥82.53bn | CN¥69.55bn |
| Total liabilities | CN¥988.25bn | CN¥980.71bn | CN¥1.05trn | CN¥1.20trn | CN¥1.31trn | CN¥1.24trn | CN¥1.01trn | CN¥927.62bn | CN¥755.08bn | CN¥655.66bn |
| Debt | CN¥83.06bn | CN¥138.41bn | CN¥138.66bn | CN¥212.84bn | CN¥236.33bn | CN¥313.27bn | CN¥293.34bn | CN¥268.29bn | CN¥268.26bn | CN¥285.28bn |
| Shareholders' equity | CN¥38.25bn | CN¥64.02bn | CN¥80.34bn | CN¥90.65bn | CN¥89.97bn | CN¥84.78bn | CN¥78.90bn | CN¥70.10bn | CN¥62.53bn | CN¥56.27bn |
| Shares outstanding | 14,054m | 13,185m | 14,054m | 14,054m | 13,776m | 12,796m | 12,899m | 12,953m | 12,501m | 12,610m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.16bn | −CN¥3.34bn | −CN¥1.66bn | CN¥27.42bn | CN¥62.23bn | CN¥44.72bn | CN¥19.26bn | CN¥42.17bn | CN¥58.86bn | −CN¥4.36bn |
| Capital spending | −CN¥129.9m | −CN¥486.3m | −CN¥404.4m | −CN¥2.77bn | −CN¥6.81bn | −CN¥9.00bn | −CN¥8.12bn | −CN¥7.69bn | −CN¥2.60bn | −CN¥1.30bn |
| Free cash flow | CN¥3.03bn | −CN¥3.82bn | −CN¥2.07bn | CN¥24.65bn | CN¥55.43bn | CN¥35.72bn | CN¥11.14bn | CN¥34.48bn | CN¥56.26bn | −CN¥5.66bn |
| Dividends paid | −CN¥3.75bn | −CN¥5.82bn | −CN¥8.90bn | −CN¥12.17bn | −CN¥3.04bn | −CN¥4.87bn | −CN¥3.65bn | −CN¥14.87bn | −CN¥19.80bn | −CN¥19.30bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥39.16bn | CN¥27.81bn | CN¥52.51bn | CN¥33.31bn | CN¥59.00bn | CN¥35.69bn | CN¥80.78bn | CN¥44.69bn |
| Gross profit | CN¥2.56bn | CN¥2.51bn | −CN¥2.46bn | CN¥2.47bn | CN¥3.34bn | CN¥3.51bn | −CN¥774.5m | CN¥4.87bn |
| Operating income | CN¥314.8m | CN¥434.5m | −CN¥6.19bn | −CN¥1.55bn | −CN¥1.08bn | CN¥1.19bn | −CN¥8.49bn | CN¥272.7m |
| Net income | −CN¥505.9m | CN¥204.2m | −CN¥19.52bn | −CN¥3.18bn | −CN¥3.26bn | −CN¥247.2m | −CN¥15.79bn | CN¥27.0m |
| Diluted earnings per share | -0.04 | 0.01 | -1.39 | -0.23 | -0.23 | -0.02 | -1.20 | 0.00 |
| Cash from operations | — | — | — | CN¥1.77bn | CN¥178.0m | −CN¥2.59bn | — | −CN¥3.00bn |
| Capital spending | −CN¥15.0m | −CN¥9.0m | — | −CN¥26.0m | −CN¥179.0m | −CN¥15.0m | −CN¥362.0m | −CN¥75.0m |
| Free cash flow | — | — | — | CN¥1.75bn | −CN¥1.0m | −CN¥2.61bn | — | −CN¥3.08bn |
| Total assets | CN¥1.05trn | CN¥1.05trn | CN¥1.07trn | CN¥1.05trn | CN¥1.05trn | CN¥1.06trn | CN¥1.10trn | CN¥1.07trn |
| Cash and short-term investments | — | — | — | CN¥28.78bn | CN¥29.08bn | CN¥29.06bn | CN¥33.29bn | CN¥31.55bn |
| Debt | CN¥86.98bn | CN¥92.25bn | CN¥83.06bn | CN¥118.86bn | CN¥147.84bn | CN¥137.50bn | CN¥133.17bn | CN¥215.43bn |
| Shareholders' equity | CN¥38.46bn | CN¥38.55bn | CN¥38.25bn | CN¥57.29bn | CN¥60.68bn | CN¥63.61bn | CN¥64.02bn | CN¥81.15bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.4% | 6.9% | 7.5% | 9.8% | 10.9% | 13.9% |
| Operating margin | -2.5% | -0.8% | 0.8% | 3.9% | 3.5% | 6.9% |
| Net margin | -14.5% | -6.5% | -2.7% | 0.2% | 1.1% | 3.3% |
| Return on equity | -68.5% | -24.3% | -11.9% | 1.1% | 6.9% | 17.7% |
| Return on assets | -2.4% | -1.4% | -0.8% | 0.1% | 0.4% | 1.1% |
| Free cash flow yield | 16.3% | -15.1% | -6.3% | 150.2% | 350.5% | 293.6% |
| Revenue growth | -25.1% | -33.1% | -17.3% | -20.0% | 19.4% | 6.5% |
| Earnings growth | 68.5% | 62.7% | -1029.0% | -83.4% | -58.8% | 1.7% |
| Current ratio | 1.02x | 1.07x | 1.10x | 1.08x | 1.12x | 1.20x |
| Debt to equity | 2.17x | 2.08x | 1.67x | 2.24x | 1.71x | 2.79x |
| Equity ratio | 3.6% | 5.8% | 6.7% | 6.6% | 6.1% | 6.1% |
| Interest coverage | -0.54x | -0.23x | 0.36x | 2.34x | 2.73x | 5.19x |
| R&D as a share of sales | 0.5% | 0.5% | 0.4% | 0.4% | 0.3% | 0.3% |
| Buybacks as a share of market value | -6.6% | 6.2% | 0.0% | -2.0% | -7.7% | 0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.5% | -16.9% | -1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.8% | 7.8% | 9.8% | 11.9% |
| Operating margin | -1.6% | 1.1% | 2.9% | 4.4% |
| Net margin | -9.9% | -4.1% | -1.3% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -1.8 | -3.4 | 40.7 | 8.8 | 4.3 | 5.3 | 6.0 | 8.4 | 13.2 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.216 | 0.346 | 0.26 | 0.217 | 0.217 | 0.173 | 0.036 | 0.054 |
- 11-for-10 split · 2 Aug 2022
- 21-for-20 split · 20 Jul 2021
- 21-for-20 split · 4 Jul 2012
- 1.15-for-1 split · 12 May 2011
- 11-for-10 split · 6 May 2010
- 11-for-10 split · 9 Jul 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.