D 
5.74
-4.49%
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¥8.06bn
FY2016FY2025
Net income
CN¥81.6m
FY2016FY2025
Free cash flow
−CN¥2.01bn
FY2016FY2025
Shareholders' equity
CN¥1.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.06bn | CN¥8.35bn | CN¥9.94bn | CN¥9.70bn | CN¥9.61bn | CN¥8.26bn | CN¥8.99bn | CN¥9.59bn | CN¥7.34bn | CN¥6.41bn |
| Research and development | — | — | — | CN¥32.6m | CN¥19.7m | CN¥18.7m | CN¥17.3m | CN¥4.5m | CN¥11.1m | CN¥22.9m |
| Operating income | CN¥642.3m | CN¥416.8m | −CN¥151.2m | CN¥609.7m | −CN¥1.74bn | CN¥549.3m | CN¥619.2m | CN¥600.3m | −CN¥1.15bn | CN¥74.5m |
| Net income | CN¥81.6m | −CN¥112.7m | −CN¥187.2m | CN¥24.2m | −CN¥2.27bn | CN¥34.6m | CN¥25.5m | CN¥58.8m | −CN¥1.16bn | CN¥188.0m |
| Diluted earnings per share | 0.04 | -0.06 | -0.09 | 0.01 | -1.26 | 0.02 | 0.01 | 0.03 | -0.62 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥30.59bn | CN¥28.07bn | CN¥24.06bn | CN¥21.47bn | CN¥19.84bn | CN¥18.07bn | CN¥19.36bn | CN¥17.65bn | CN¥18.86bn | CN¥19.29bn |
| Cash and short-term investments | — | CN¥2.34bn | CN¥730.6m | CN¥2.04bn | CN¥1.04bn | CN¥1.36bn | CN¥892.7m | CN¥417.0m | CN¥368.1m | CN¥355.4m |
| Total liabilities | CN¥28.53bn | CN¥26.31bn | CN¥22.23bn | CN¥19.97bn | CN¥19.18bn | CN¥15.11bn | CN¥16.44bn | CN¥14.75bn | CN¥15.98bn | CN¥15.21bn |
| Debt | CN¥17.98bn | CN¥19.84bn | CN¥16.12bn | CN¥16.23bn | CN¥13.84bn | CN¥10.30bn | CN¥11.29bn | CN¥10.59bn | CN¥10.78bn | CN¥9.72bn |
| Shareholders' equity | CN¥1.64bn | CN¥1.57bn | CN¥1.20bn | CN¥1.38bn | CN¥532.9m | CN¥3.04bn | CN¥3.07bn | CN¥3.04bn | CN¥2.99bn | CN¥4.14bn |
| Shares outstanding | 2,031m | 1,961m | 2,031m | 2,031m | 1,795m | 1,758m | 1,751m | 1,879m | 1,852m | 1,793m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.22bn | CN¥1.76bn | CN¥1.58bn | CN¥607.9m | −CN¥893.9m | CN¥2.38bn | CN¥1.30bn | CN¥1.75bn | CN¥496.0m | CN¥1.59bn |
| Capital spending | −CN¥5.23bn | −CN¥3.76bn | −CN¥4.75bn | −CN¥2.78bn | −CN¥1.16bn | −CN¥552.6m | −CN¥785.9m | −CN¥399.1m | −CN¥699.6m | −CN¥563.9m |
| Free cash flow | −CN¥2.01bn | −CN¥1.99bn | −CN¥3.17bn | −CN¥2.17bn | −CN¥2.05bn | CN¥1.82bn | CN¥509.7m | CN¥1.35bn | −CN¥203.7m | CN¥1.03bn |
| Dividends paid | −CN¥562.4m | −CN¥525.2m | −CN¥506.3m | −CN¥509.6m | −CN¥457.5m | −CN¥436.7m | −CN¥503.1m | −CN¥573.4m | −CN¥451.7m | −CN¥448.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.50bn | CN¥2.30bn | CN¥1.70bn | CN¥2.24bn | CN¥1.81bn | CN¥2.31bn | CN¥2.19bn | CN¥2.62bn |
| Operating income | CN¥38.5m | CN¥273.8m | −CN¥50.8m | CN¥190.5m | CN¥241.1m | CN¥198.7m | −CN¥219.3m | CN¥160.8m |
| Net income | −CN¥86.8m | CN¥138.4m | −CN¥275.1m | CN¥150.1m | CN¥130.9m | CN¥75.7m | −CN¥146.5m | CN¥28.9m |
| Diluted earnings per share | -0.04 | 0.07 | -0.14 | 0.07 | 0.06 | 0.04 | -0.07 | 0.01 |
| Cash from operations | — | — | — | CN¥1.12bn | −CN¥151.0m | CN¥1.77bn | — | CN¥1.29bn |
| Capital spending | −CN¥735.0m | −CN¥860.0m | −CN¥1.91bn | −CN¥1.25bn | −CN¥941.0m | −CN¥1.13bn | −CN¥1.94bn | −CN¥630.0m |
| Free cash flow | — | — | — | −CN¥130.0m | −CN¥1.09bn | CN¥635.0m | — | CN¥657.0m |
| Total assets | CN¥30.77bn | CN¥30.68bn | CN¥30.59bn | CN¥28.28bn | CN¥27.24bn | CN¥27.19bn | CN¥28.07bn | CN¥24.54bn |
| Cash and short-term investments | — | — | — | CN¥1.08bn | CN¥755.0m | CN¥2.36bn | CN¥2.34bn | CN¥1.30bn |
| Debt | CN¥20.41bn | CN¥19.29bn | CN¥17.98bn | CN¥5.94bn | CN¥21.31bn | CN¥20.61bn | CN¥19.63bn | CN¥17.83bn |
| Shareholders' equity | CN¥1.73bn | CN¥1.80bn | CN¥1.64bn | CN¥1.42bn | CN¥1.79bn | CN¥1.65bn | CN¥1.57bn | CN¥1.75bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 8.0% | 5.0% | -1.5% | 6.3% | -18.1% | 6.7% | — | — | — |
| Net margin | 1.0% | -1.4% | -1.9% | 0.2% | -23.6% | 0.4% | — | — | — |
| Return on equity | 5.0% | -7.2% | -15.6% | 1.8% | -425.2% | 1.1% | — | — | — |
| Return on assets | 0.3% | -0.4% | -0.8% | 0.1% | -11.4% | 0.2% | — | — | — |
| Free cash flow yield | 68.6% | 46.5% | 51.5% | 27.5% | 2.4% | 27.5% | — | — | — |
| Revenue growth | -3.4% | -16.0% | 2.4% | 1.0% | 16.4% | -8.2% | — | — | — |
| Earnings growth | -172.4% | -39.8% | -873.8% | -101.1% | -6641.9% | 36.0% | — | — | — |
| Current ratio | 0.42x | 0.51x | 0.47x | 0.64x | 0.51x | 0.56x | — | — | — |
| Debt to equity | 10.99x | 12.54x | 13.40x | 9.46x | 21.46x | 3.25x | — | — | — |
| Equity ratio | 5.3% | 5.6% | 5.0% | 6.4% | 2.7% | 16.8% | — | — | — |
| Interest coverage | 1.56x | 0.84x | -0.30x | 1.07x | -3.37x | 1.07x | — | — | — |
| R&D as a share of sales | — | — | — | 0.3% | 0.2% | 0.2% | 0.2% | 0.0% | 0.2% |
| Buybacks as a share of market value | -3.6% | 3.4% | 0.0% | -13.2% | -2.1% | -0.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.0% | -0.5% | 0.9% |
| Operating income | 1.8% | 3.2% | 7.8% |
| Net income | 50.0% | 18.7% | -14.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.5% | 4.2% | 0.6% | 0.8% |
| Net margin | -0.2% | -0.5% | -4.5% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 146.4 | -54.1 | -35.2 | 351.8 | -4.6 | 157.3 | 176.0 | 83.4 | -6.0 | 50.1 |
| Price to sales | 1.5 | 0.7 | 0.7 | 0.9 | 1.1 | 0.7 | 0.5 | 0.5 | 0.9 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jun 2007.
| FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | FY1999 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.034 | 0.06 | 0.025 | 0.004 | 0.10 | 0.10 | 0.167 |
- 1-to-1 reverse split · 18 Jul 2006
- 6-for-5 split · 13 Oct 1999
- 2-for-1 split · 14 Apr 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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