E 
2.03
-0.98%
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¥1.24bn
FY2016FY2025
Net income
−CN¥1.39bn
FY2016FY2025
Free cash flow
CN¥266.0m
FY2016FY2025
Shareholders' equity
CN¥2.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.24bn | CN¥1.82bn | CN¥4.39bn | CN¥5.57bn | CN¥4.09bn | CN¥3.94bn | CN¥4.82bn | CN¥4.76bn | CN¥3.08bn | CN¥2.36bn |
| Gross profit | CN¥588.1m | CN¥689.1m | CN¥1.35bn | CN¥1.87bn | CN¥1.98bn | CN¥1.91bn | CN¥2.12bn | CN¥2.71bn | CN¥1.36bn | CN¥719.3m |
| Operating income | CN¥167.8m | −CN¥1.54bn | −CN¥963.0m | CN¥690.2m | CN¥1.04bn | CN¥1.34bn | CN¥1.77bn | CN¥2.09bn | CN¥947.1m | CN¥448.9m |
| Net income | −CN¥1.39bn | −CN¥1.39bn | −CN¥2.00bn | CN¥58.0m | CN¥223.5m | CN¥412.5m | CN¥451.3m | CN¥881.5m | CN¥545.4m | CN¥295.8m |
| Diluted earnings per share | -0.93 | -0.93 | -1.35 | 0.04 | 0.13 | 0.26 | 0.27 | 0.59 | 0.36 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥19.97bn | CN¥21.94bn | CN¥24.72bn | CN¥30.30bn | CN¥35.38bn | CN¥33.88bn | CN¥28.42bn | CN¥25.10bn | CN¥13.45bn | CN¥14.36bn |
| Cash and short-term investments | — | CN¥2.11bn | CN¥2.62bn | CN¥2.93bn | CN¥4.66bn | CN¥3.92bn | CN¥3.58bn | CN¥6.41bn | CN¥3.30bn | CN¥4.23bn |
| Total liabilities | CN¥16.42bn | CN¥16.98bn | CN¥18.04bn | CN¥21.19bn | CN¥25.87bn | CN¥23.93bn | CN¥18.94bn | CN¥16.95bn | CN¥7.39bn | CN¥8.47bn |
| Debt | CN¥8.20bn | CN¥8.75bn | CN¥11.47bn | CN¥12.28bn | CN¥13.54bn | CN¥14.12bn | CN¥9.71bn | CN¥9.29bn | CN¥1.43bn | CN¥1.11bn |
| Shareholders' equity | CN¥2.11bn | CN¥3.50bn | CN¥5.02bn | CN¥7.04bn | CN¥7.10bn | CN¥6.68bn | CN¥6.38bn | CN¥6.10bn | CN¥5.44bn | CN¥5.11bn |
| Shares outstanding | 1,500m | 1,499m | 1,474m | 1,500m | 1,769m | 1,616m | 1,678m | 1,495m | 1,535m | 1,502m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥284.3m | CN¥432.6m | CN¥502.1m | CN¥57.8m | CN¥3.90bn | CN¥1.39bn | −CN¥113.3m | CN¥1.78bn | CN¥1.25bn | CN¥1.74bn |
| Capital spending | −CN¥18.4m | −CN¥115.9m | −CN¥84.5m | −CN¥168.0m | −CN¥441.4m | −CN¥624.6m | −CN¥364.2m | −CN¥40.1m | −CN¥7.2m | −CN¥672,143 |
| Free cash flow | CN¥266.0m | CN¥316.7m | CN¥417.5m | −CN¥110.2m | CN¥3.46bn | CN¥761.2m | −CN¥477.6m | CN¥1.74bn | CN¥1.24bn | CN¥1.74bn |
| Dividends paid | −CN¥452.3m | −CN¥564.6m | −CN¥619.8m | −CN¥111.0m | −CN¥732.6m | −CN¥90.0m | −CN¥184.6m | −CN¥461.4m | −CN¥223.3m | −CN¥225.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥251.7m | CN¥331.1m | CN¥270.9m | CN¥329.4m | CN¥330.8m | CN¥310.7m | CN¥598.7m | CN¥499.1m |
| Gross profit | CN¥110.0m | CN¥141.3m | CN¥186.2m | CN¥142.6m | CN¥130.3m | CN¥128.9m | CN¥211.0m | CN¥150.7m |
| Operating income | CN¥20.6m | CN¥52.7m | CN¥39.3m | CN¥9.9m | −CN¥258.9m | −CN¥98.6m | −CN¥1.03bn | −CN¥23.8m |
| Net income | −CN¥132.1m | −CN¥111.7m | −CN¥836.8m | −CN¥180.9m | −CN¥255.1m | −CN¥118.2m | −CN¥1.14bn | −CN¥31.7m |
| Diluted earnings per share | -0.09 | -0.07 | -0.56 | -0.12 | -0.17 | -0.08 | -0.76 | -0.02 |
| Cash from operations | — | — | — | CN¥144.0m | CN¥136.0m | −CN¥3.0m | — | CN¥138.0m |
| Capital spending | — | −CN¥8.0m | — | −CN¥16.0m | −CN¥10.0m | −CN¥18.0m | −CN¥5.0m | −CN¥9.0m |
| Free cash flow | — | — | — | CN¥128.0m | CN¥126.0m | −CN¥21.0m | — | CN¥129.0m |
| Total assets | CN¥18.40bn | CN¥20.03bn | CN¥19.97bn | CN¥21.21bn | CN¥21.20bn | CN¥21.71bn | CN¥21.94bn | CN¥23.17bn |
| Cash and short-term investments | — | — | — | CN¥2.17bn | CN¥1.97bn | CN¥2.06bn | CN¥2.11bn | CN¥1.95bn |
| Debt | CN¥8.16bn | CN¥8.22bn | CN¥8.20bn | CN¥1.72bn | CN¥8.72bn | CN¥8.71bn | CN¥8.72bn | CN¥8.30bn |
| Shareholders' equity | CN¥1.87bn | CN¥2.00bn | CN¥2.11bn | CN¥2.94bn | CN¥3.12bn | CN¥3.38bn | CN¥3.50bn | CN¥4.77bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 47.4% | 37.9% | 30.8% | 33.6% | 48.4% | 48.5% |
| Operating margin | -76.7% | -45.8% | -21.9% | 12.4% | 24.8% | 34.1% |
| Net margin | -112.0% | -76.7% | -45.5% | 1.0% | 5.5% | 10.5% |
| Return on equity | -65.9% | -39.9% | -39.8% | 0.8% | 3.1% | 6.2% |
| Return on assets | -7.0% | -6.4% | -8.1% | 0.2% | 0.6% | 1.2% |
| Free cash flow yield | 9.2% | 16.7% | 18.2% | 6.9% | 112.1% | 56.8% |
| Revenue growth | -31.7% | -58.6% | -21.2% | 36.0% | 4.0% | -18.3% |
| Earnings growth | -0.2% | -30.2% | -3542.5% | -74.0% | -45.8% | -8.6% |
| Current ratio | 0.64x | 0.68x | 0.68x | 1.14x | 1.24x | 1.54x |
| Debt to equity | 3.89x | 2.50x | 2.27x | 1.66x | 1.83x | 1.88x |
| Equity ratio | 10.6% | 15.9% | 20.3% | 23.2% | 20.1% | 19.7% |
| Interest coverage | -1.98x | -1.53x | -1.40x | 0.94x | 1.45x | 2.13x |
| Buybacks as a share of market value | -0.0% | -1.7% | 1.7% | 15.2% | -9.5% | 3.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -39.4% | -20.6% | -5.1% |
| Operating income | -37.6% | -34.0% | -5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.7% | 34.6% | 39.9% | 41.5% |
| Operating margin | -44.7% | -12.6% | 3.6% | 16.5% |
| Net margin | -91.0% | -36.3% | -19.4% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -3.5 | -1.9 | 84.5 | 23.1 | 13.2 | 14.5 | 7.4 | 29.9 | 33.3 |
| Price to sales | 3.5 | 2.7 | 0.9 | 0.9 | 1.3 | 1.4 | 1.4 | 1.4 | 5.3 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2022.
| FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.074 | 0.06 | 0.123 | 0.124 | 0.096 | 0.096 | 0.096 | 0.091 |
- 13-for-10 split · 18 Jun 2019
- 13-for-10 split · 15 Jun 2018
- 13-for-10 split · 30 Jun 2017
- 13-for-10 split · 1 Jul 2008
- 1-to-1 reverse split · 27 Feb 2006
- 13-for-10 split · 6 Aug 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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