C 
2.51
-0.79%
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¥4.58bn
FY2016FY2025
Net income
−CN¥7.88bn
FY2016FY2025
Free cash flow
CN¥477.3m
FY2016FY2025
Shareholders' equity
CN¥15.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.58bn | CN¥8.03bn | CN¥11.42bn | CN¥18.25bn | CN¥22.11bn | CN¥25.86bn | CN¥19.48bn | CN¥18.75bn | CN¥15.22bn | CN¥11.57bn |
| Gross profit | CN¥1.11bn | CN¥1.83bn | CN¥2.71bn | CN¥4.21bn | CN¥2.99bn | CN¥6.59bn | CN¥5.50bn | CN¥6.53bn | CN¥3.95bn | CN¥2.71bn |
| Research and development | CN¥2.8m | CN¥4.0m | CN¥4.9m | CN¥5.0m | CN¥5.0m | CN¥3.7m | CN¥3.0m | CN¥3.1m | CN¥1.8m | CN¥1.8m |
| Operating income | — | −CN¥666.0m | CN¥1.38bn | CN¥2.65bn | CN¥895.9m | CN¥3.94bn | CN¥4.37bn | CN¥3.78bn | CN¥2.70bn | CN¥2.00bn |
| Net income | −CN¥7.88bn | −CN¥783.9m | CN¥505.4m | CN¥550.4m | CN¥815.3m | CN¥1.50bn | CN¥2.32bn | CN¥2.15bn | CN¥1.01bn | CN¥881.0m |
| Diluted earnings per share | -2.76 | -0.27 | 0.18 | 0.19 | 0.27 | 0.53 | 0.87 | 0.84 | 0.68 | 0.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥76.60bn | CN¥76.43bn | CN¥82.66bn | CN¥88.41bn | CN¥86.92bn | CN¥94.28bn | CN¥98.60bn | CN¥101.48bn | CN¥71.95bn | CN¥65.12bn |
| Cash and short-term investments | — | CN¥5.73bn | CN¥13.55bn | CN¥14.43bn | CN¥15.15bn | CN¥24.73bn | CN¥18.34bn | CN¥21.37bn | CN¥16.26bn | CN¥8.39bn |
| Total liabilities | CN¥57.56bn | CN¥50.50bn | CN¥57.38bn | CN¥63.31bn | CN¥62.27bn | CN¥70.07bn | CN¥75.84bn | CN¥80.61bn | CN¥61.89bn | CN¥55.81bn |
| Debt | CN¥18.30bn | CN¥14.76bn | CN¥24.69bn | CN¥34.11bn | CN¥33.50bn | CN¥37.64bn | CN¥35.04bn | CN¥36.05bn | CN¥37.67bn | CN¥37.40bn |
| Shareholders' equity | CN¥15.96bn | CN¥23.84bn | CN¥24.63bn | CN¥24.22bn | CN¥23.86bn | CN¥23.09bn | CN¥21.87bn | CN¥19.90bn | CN¥9.85bn | CN¥9.02bn |
| Shares outstanding | 2,852m | 2,852m | 2,852m | 2,852m | 3,035m | 2,825m | 2,661m | 2,546m | 1,488m | 1,395m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥510.7m | −CN¥1.14bn | CN¥712.5m | CN¥1.84bn | CN¥2.71bn | CN¥7.36bn | CN¥8.11bn | CN¥7.06bn | CN¥14.41bn | −CN¥1.49bn |
| Capital spending | −CN¥33.4m | −CN¥12.7m | −CN¥39.6m | −CN¥19.7m | −CN¥24.2m | −CN¥18.7m | −CN¥30.2m | −CN¥9.5m | −CN¥7.2m | −CN¥5.0m |
| Free cash flow | CN¥477.3m | −CN¥1.15bn | CN¥672.9m | CN¥1.82bn | CN¥2.69bn | CN¥7.34bn | CN¥8.08bn | CN¥7.05bn | CN¥14.41bn | −CN¥1.50bn |
| Dividends paid | −CN¥2.04bn | −CN¥2.14bn | −CN¥2.43bn | −CN¥199.6m | −CN¥2.23bn | −CN¥285.2m | −CN¥342.2m | −CN¥2.69bn | −CN¥2.41bn | −CN¥2.62bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥848.4m | CN¥434.7m | CN¥1.89bn | CN¥914.1m | CN¥1.26bn | CN¥518.5m | CN¥4.53bn | CN¥966.9m |
| Gross profit | CN¥219.7m | CN¥98.2m | CN¥556.0m | CN¥209.4m | −CN¥1.40bn | CN¥120.1m | CN¥822.5m | CN¥325.2m |
| Operating income | CN¥63.5m | −CN¥57.6m | CN¥41.9m | −CN¥1.33bn | −CN¥1.67bn | −CN¥72.0m | −CN¥671.3m | −CN¥202.0m |
| Net income | −CN¥847.1m | −CN¥472.6m | −CN¥2.57bn | −CN¥1.62bn | −CN¥3.48bn | −CN¥209.1m | −CN¥697.2m | −CN¥193.2m |
| Diluted earnings per share | -0.30 | -0.17 | -0.90 | -0.57 | -1.22 | -0.07 | -0.24 | -0.07 |
| Cash from operations | — | — | — | −CN¥44.0m | CN¥1.23bn | −CN¥348.0m | CN¥1.48bn | −CN¥1.85bn |
| Capital spending | −CN¥4.0m | −CN¥7.0m | −CN¥24.0m | — | −CN¥3.0m | −CN¥4.0m | −CN¥11.0m | — |
| Free cash flow | — | — | — | — | CN¥1.22bn | −CN¥352.0m | CN¥1.47bn | — |
| Total assets | CN¥73.26bn | CN¥73.57bn | CN¥76.60bn | CN¥75.24bn | CN¥76.09bn | CN¥77.59bn | CN¥76.43bn | CN¥80.08bn |
| Cash and short-term investments | — | — | — | CN¥9.00bn | CN¥6.85bn | CN¥6.19bn | CN¥5.73bn | CN¥5.86bn |
| Debt | CN¥16.00bn | CN¥18.06bn | CN¥18.30bn | CN¥20.26bn | CN¥16.45bn | CN¥13.63bn | CN¥14.74bn | CN¥31.68bn |
| Shareholders' equity | CN¥14.64bn | CN¥15.49bn | CN¥15.96bn | CN¥18.53bn | CN¥20.15bn | CN¥23.63bn | CN¥23.84bn | CN¥24.54bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.3% | 22.8% | 23.7% | 23.1% | 13.5% | 25.5% |
| Operating margin | -149.5% | -8.3% | 12.1% | 14.5% | 4.1% | 15.2% |
| Net margin | -171.8% | -9.8% | 4.4% | 3.0% | 3.7% | 5.8% |
| Return on equity | -49.3% | -3.3% | 2.1% | 2.3% | 3.4% | 6.5% |
| Return on assets | -10.3% | -1.0% | 0.6% | 0.6% | 0.9% | 1.6% |
| Free cash flow yield | 5.4% | -11.1% | 7.4% | 18.4% | 25.4% | 73.6% |
| Revenue growth | -42.9% | -29.7% | -37.4% | -17.4% | -14.5% | 32.8% |
| Earnings growth | 904.6% | -255.1% | -8.2% | -32.5% | -45.7% | -35.1% |
| Current ratio | 1.73x | 1.78x | 2.17x | 1.81x | 1.83x | 1.62x |
| Debt to equity | 1.15x | 0.62x | 1.00x | 1.41x | 1.40x | 1.54x |
| Equity ratio | 20.8% | 31.2% | 29.8% | 27.4% | 27.5% | 24.5% |
| Interest coverage | -4.29x | -0.48x | 1.01x | 1.84x | 0.63x | 3.41x |
| R&D as a share of sales | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 6.0% | -7.4% | -6.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -36.9% | -29.3% | -5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.4% | 23.3% | 21.5% | 24.8% |
| Net margin | -68.7% | -18.0% | -5.9% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -15.1 | 20.3 | 26.6 | 13.9 | 7.6 | 4.6 | 4.7 | 8.2 | 9.7 |
| Price to sales | 2.1 | 1.5 | 0.9 | 0.8 | 0.5 | 0.4 | 0.6 | 0.5 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2023.
| FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.07 | 0.10 | 0.12 | 0.12 | 0.12 | 0.10 | 0.10 |
- 1.633-for-1 split · 4 Aug 2006
- 17-for-10 split · 4 Jul 2003
- 13-for-10 split · 22 Oct 2001
- 13-for-10 split · 22 Apr 1999
- 6-for-5 split · 7 May 1998
- 18-for-11 split · 31 Jan 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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