H 
4.38
-0.45%
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¥16.66bn
FY2016FY2025
Net income
CN¥200.0m
FY2016FY2025
Free cash flow
CN¥881.9m
FY2016FY2025
Shareholders' equity
CN¥4.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.66bn | CN¥18.15bn | CN¥18.84bn | CN¥18.88bn | CN¥18.92bn | CN¥10.67bn | CN¥10.83bn | CN¥9.81bn | CN¥9.08bn | CN¥8.63bn |
| Gross profit | CN¥4.62bn | CN¥3.37bn | CN¥3.39bn | CN¥3.83bn | CN¥4.80bn | −CN¥138.9m | CN¥598.5m | CN¥149.5m | CN¥279.3m | CN¥1.04bn |
| Research and development | CN¥4.8m | CN¥7.8m | CN¥9.4m | CN¥12.6m | CN¥12.9m | CN¥10.5m | CN¥11.2m | CN¥10.7m | CN¥9.8m | CN¥17.7m |
| Operating income | CN¥1.99bn | CN¥2.23bn | CN¥2.34bn | CN¥1.65bn | CN¥2.23bn | −CN¥1.16bn | CN¥1.01bn | −CN¥76.6m | −CN¥1.26bn | CN¥788.2m |
| Net income | CN¥200.0m | CN¥165.5m | −CN¥91.0m | −CN¥1.02bn | −CN¥923.9m | −CN¥1.11bn | CN¥75.6m | −CN¥761.9m | −CN¥1.10bn | CN¥148.4m |
| Diluted earnings per share | 0.03 | 0.02 | -0.01 | -0.15 | -0.47 | -0.55 | 0.04 | -0.38 | -0.55 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥30.94bn | CN¥30.00bn | CN¥29.11bn | CN¥33.01bn | CN¥22.63bn | CN¥22.72bn | CN¥23.69bn | CN¥25.13bn | CN¥25.39bn | CN¥25.45bn |
| Cash and short-term investments | — | CN¥3.34bn | CN¥3.28bn | CN¥5.55bn | CN¥1.64bn | CN¥1.48bn | CN¥1.45bn | CN¥1.76bn | CN¥1.61bn | CN¥1.10bn |
| Total liabilities | CN¥24.94bn | CN¥23.97bn | CN¥22.88bn | CN¥26.27bn | CN¥24.73bn | CN¥21.91bn | CN¥21.75bn | CN¥23.28bn | CN¥22.66bn | CN¥21.36bn |
| Debt | CN¥7.20bn | CN¥10.57bn | CN¥10.56bn | CN¥14.61bn | CN¥18.28bn | CN¥17.09bn | CN¥15.85bn | CN¥17.42bn | CN¥17.85bn | CN¥13.49bn |
| Shareholders' equity | CN¥4.13bn | CN¥3.72bn | CN¥3.49bn | CN¥3.42bn | −CN¥2.11bn | CN¥602.4m | CN¥1.66bn | CN¥1.57bn | CN¥2.31bn | CN¥3.39bn |
| Shares outstanding | 7,907m | 8,113m | 8,503m | 6,695m | 1,967m | 2,018m | 2,042m | 1,989m | 2,007m | 1,849m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.95bn | CN¥2.98bn | CN¥3.42bn | CN¥4.45bn | CN¥87.1m | CN¥1.31bn | CN¥1.64bn | CN¥2.52bn | CN¥889.1m | CN¥2.42bn |
| Capital spending | −CN¥3.07bn | −CN¥2.53bn | −CN¥839.2m | −CN¥1.94bn | −CN¥1.11bn | −CN¥477.2m | −CN¥1.19bn | −CN¥1.12bn | −CN¥1.97bn | −CN¥2.15bn |
| Free cash flow | CN¥881.9m | CN¥446.2m | CN¥2.59bn | CN¥2.52bn | −CN¥1.02bn | CN¥830.0m | CN¥443.9m | CN¥1.40bn | −CN¥1.08bn | CN¥267.1m |
| Dividends paid | −CN¥417.3m | −CN¥435.8m | −CN¥482.5m | −CN¥784.1m | −CN¥1.45bn | −CN¥761.4m | −CN¥859.6m | −CN¥833.1m | −CN¥1.01bn | −CN¥750.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.03bn | CN¥5.01bn | CN¥4.88bn | CN¥3.49bn | CN¥3.13bn | CN¥5.16bn | CN¥4.88bn | CN¥3.97bn |
| Gross profit | CN¥507.9m | CN¥1.38bn | CN¥742.4m | CN¥378.7m | CN¥521.6m | CN¥1.22bn | CN¥443.2m | CN¥630.2m |
| Operating income | CN¥283.0m | CN¥1.11bn | CN¥553.7m | CN¥141.8m | CN¥266.7m | CN¥828.4m | CN¥157.4m | CN¥362.0m |
| Net income | −CN¥10.1m | CN¥601.7m | −CN¥67.2m | −CN¥190.9m | −CN¥18.9m | CN¥477.0m | −CN¥287.2m | −CN¥176.9m |
| Diluted earnings per share | -0.00 | 0.08 | -0.01 | -0.02 | -0.00 | 0.06 | -0.04 | -0.02 |
| Cash from operations | — | — | — | CN¥61.0m | CN¥540.0m | CN¥325.0m | — | CN¥1.80bn |
| Capital spending | −CN¥703.0m | −CN¥1.11bn | −CN¥1.24bn | −CN¥848.0m | −CN¥331.0m | −CN¥654.0m | −CN¥1.04bn | −CN¥818.0m |
| Free cash flow | — | — | — | −CN¥787.0m | CN¥209.0m | −CN¥329.0m | — | CN¥984.0m |
| Total assets | CN¥34.21bn | CN¥33.26bn | CN¥30.94bn | CN¥31.11bn | CN¥29.68bn | CN¥30.97bn | CN¥30.00bn | CN¥29.01bn |
| Cash and short-term investments | — | — | — | CN¥4.06bn | CN¥2.75bn | CN¥4.29bn | CN¥3.34bn | CN¥2.93bn |
| Debt | CN¥8.20bn | CN¥8.43bn | CN¥7.20bn | CN¥10.32bn | CN¥12.92bn | CN¥11.63bn | CN¥10.57bn | CN¥10.09bn |
| Shareholders' equity | CN¥5.27bn | CN¥4.98bn | CN¥4.13bn | CN¥4.11bn | CN¥4.25bn | CN¥4.23bn | CN¥3.72bn | CN¥4.06bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.7% | 18.6% | 18.0% | 20.3% | 25.4% | -1.3% |
| Operating margin | 11.9% | 12.3% | 12.4% | 8.8% | 11.8% | -10.9% |
| Net margin | 1.2% | 0.9% | -0.5% | -5.4% | -4.9% | -10.4% |
| Return on equity | 4.8% | 4.5% | -2.6% | -29.7% | 43.8% | -183.7% |
| Return on assets | 0.6% | 0.6% | -0.3% | -3.1% | -4.1% | -4.9% |
| Free cash flow yield | 17.9% | 13.7% | 10.1% | 19.2% | 12.2% | 17.8% |
| Revenue growth | -8.2% | -3.7% | -0.2% | -0.2% | 77.3% | -1.5% |
| Earnings growth | 20.8% | -281.9% | -91.0% | 9.9% | -16.5% | -1564.5% |
| Current ratio | 0.42x | 0.45x | 0.52x | 0.68x | 0.34x | 0.42x |
| Debt to equity | 1.74x | 2.84x | 3.03x | 3.19x | -8.65x | 28.40x |
| Equity ratio | 13.3% | 12.4% | 12.0% | 10.4% | -9.3% | 2.7% |
| Interest coverage | 3.42x | 3.33x | 3.19x | 1.57x | 2.16x | -1.35x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 2.5% | 4.6% | -27.0% | -240.4% | 2.5% | 1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | 9.3% | 6.1% |
| Operating income | 6.3% | — | 86.1% |
| Net income | — | — | 23.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.9% | 21.0% | 19.5% | 15.3% |
| Operating margin | 12.1% | 11.3% | 9.1% | 6.5% |
| Net margin | 1.0% | -1.0% | -2.7% | -2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 94.5 | 112.3 | -203.7 | -17.7 | -6.6 | -4.4 | 47.8 | -6.0 | -5.8 | 61.7 |
| Price to sales | 1.1 | 1.0 | 1.0 | 0.9 | 0.3 | 0.5 | 0.3 | 0.5 | 0.7 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2008.
| FY2008 | FY2007 | FY2006 | FY2004 | FY2003 | FY2002 | FY2001 | FY1999 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.04 | 0.04 | 0.07 | 0.10 | 0.12 | 0.12 | 0.094 |
- 1-to-1 reverse split · 27 Sept 2006
- 8-for-5 split · 29 Mar 2001
- 3-for-2 split · 15 May 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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