H 
2.68
-1.47%
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.
Net income
CN¥102.9m
FY2016FY2025
Free cash flow
−CN¥659.3m
FY2016FY2025
Shareholders' equity
CN¥7.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥148.3m | CN¥80.3m | −CN¥17.7m | −CN¥4.0m | CN¥12.41bn | CN¥24.85bn | CN¥23.31bn | CN¥21.20bn | CN¥19.53bn | CN¥2.51bn |
| Research and development | — | — | — | — | — | — | — | CN¥70.4m | CN¥22.8m | — |
| Operating income | −CN¥23.6m | CN¥142.7m | CN¥242.4m | CN¥196.8m | CN¥5.54bn | −CN¥7.63bn | CN¥1.50bn | CN¥743.1m | CN¥706.2m | CN¥772.1m |
| Net income | CN¥102.9m | CN¥124.5m | CN¥241.7m | CN¥194.7m | CN¥3.08bn | −CN¥9.79bn | CN¥521.9m | CN¥60.2m | CN¥820.6m | CN¥321.5m |
| Diluted earnings per share | 0.04 | 0.03 | 0.07 | 0.08 | 1.03 | -3.39 | 0.18 | 0.02 | 0.27 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.20bn | CN¥8.64bn | CN¥8.83bn | CN¥10.64bn | CN¥12.34bn | CN¥121.66bn | CN¥127.72bn | CN¥128.94bn | CN¥122.86bn | CN¥117.97bn |
| Cash and short-term investments | — | CN¥3.76bn | CN¥3.94bn | CN¥6.34bn | CN¥9.85bn | CN¥10.42bn | CN¥6.53bn | CN¥7.56bn | CN¥7.54bn | CN¥9.93bn |
| Total liabilities | CN¥1.63bn | CN¥1.15bn | CN¥1.48bn | CN¥3.52bn | CN¥4.74bn | CN¥114.92bn | CN¥108.84bn | CN¥111.04bn | CN¥104.97bn | CN¥100.90bn |
| Debt | — | CN¥354.9m | CN¥14.4m | CN¥202.7m | CN¥967.3m | CN¥35.73bn | CN¥43.35bn | CN¥44.64bn | CN¥44.11bn | CN¥40.60bn |
| Shareholders' equity | CN¥7.57bn | CN¥7.49bn | CN¥7.35bn | CN¥7.12bn | CN¥6.92bn | CN¥3.84bn | CN¥13.87bn | CN¥13.34bn | CN¥13.41bn | CN¥12.77bn |
| Shares outstanding | 2,909m | 3,744m | 3,385m | 2,430m | 2,982m | 2,886m | 2,896m | 3,325m | 3,024m | 2,988m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥217.3m | −CN¥464.2m | −CN¥2.32bn | −CN¥84.3m | −CN¥3.05bn | CN¥18.22bn | CN¥3.80bn | CN¥3.07bn | −CN¥4.81bn | CN¥1.67bn |
| Capital spending | −CN¥441.9m | −CN¥43.5m | −CN¥40.4m | −CN¥845.3m | −CN¥758.2m | −CN¥1.15bn | −CN¥1.36bn | −CN¥1.18bn | −CN¥956.6m | −CN¥93.4m |
| Free cash flow | −CN¥659.3m | −CN¥507.7m | −CN¥2.36bn | −CN¥929.6m | −CN¥3.81bn | CN¥17.07bn | CN¥2.44bn | CN¥1.88bn | −CN¥5.76bn | CN¥1.58bn |
| Dividends paid | −CN¥5.9m | −CN¥3.0m | — | −CN¥76.2m | −CN¥472.9m | −CN¥2.73bn | −CN¥3.69bn | −CN¥2.50bn | −CN¥1.36bn | −CN¥136.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥34.4m | CN¥13.8m | CN¥28.1m | CN¥5.3m | CN¥14.6m | CN¥19.5m | CN¥25.8m | CN¥13.3m |
| Operating income | CN¥13.3m | −CN¥8.1m | CN¥772,196 | CN¥24.4m | CN¥36.3m | CN¥37.4m | CN¥29.1m | CN¥19.0m |
| Net income | CN¥31.9m | CN¥13.0m | CN¥6.0m | CN¥25.3m | CN¥28.5m | CN¥43.0m | CN¥12.8m | CN¥17.7m |
| Diluted earnings per share | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Cash from operations | — | — | — | CN¥81.0m | −CN¥65.0m | −CN¥13.0m | — | CN¥44.0m |
| Capital spending | −CN¥406.0m | −CN¥179.0m | −CN¥78.0m | −CN¥346.0m | −CN¥16.0m | — | −CN¥16.0m | −CN¥7.0m |
| Free cash flow | — | — | — | −CN¥265.0m | −CN¥81.0m | — | — | CN¥37.0m |
| Total assets | CN¥9.91bn | CN¥10.01bn | CN¥9.20bn | CN¥9.87bn | CN¥9.38bn | CN¥8.95bn | CN¥8.64bn | CN¥9.56bn |
| Cash and short-term investments | — | — | — | CN¥3.91bn | CN¥3.82bn | CN¥3.39bn | CN¥3.76bn | CN¥3.77bn |
| Debt | — | — | — | CN¥1.46bn | CN¥628.7m | CN¥350.0m | CN¥340.9m | CN¥300.6m |
| Shareholders' equity | CN¥7.51bn | CN¥7.56bn | CN¥7.57bn | CN¥7.57bn | CN¥7.56bn | CN¥7.54bn | CN¥7.49bn | CN¥7.45bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 9.6% | 7.2% | -2.7% | -2.7% | 7.2% | 7.4% | — | — | — | — | — |
| Operating margin | -1.5% | 12.8% | 37.2% | 133.9% | 3.2% | -2.3% | — | — | — | — | — |
| Net margin | 6.7% | 11.1% | 37.1% | 132.5% | 1.8% | -2.9% | — | — | — | — | — |
| Return on equity | 1.4% | 1.7% | 3.3% | 2.7% | 44.5% | -255.2% | — | — | — | — | — |
| Return on assets | 1.1% | 1.4% | 2.7% | 1.8% | 25.0% | -8.0% | — | — | — | — | — |
| Free cash flow yield | 2.7% | -3.9% | -23.2% | 10.8% | -26.4% | 230.6% | — | — | — | — | — |
| Revenue growth | 38.0% | 71.6% | 342.9% | -99.9% | -49.0% | 2.9% | — | — | — | — | — |
| Earnings growth | -17.4% | -48.5% | 24.1% | -93.7% | -131.5% | -1975.5% | — | — | — | — | — |
| Current ratio | 3.22x | 5.09x | 4.45x | 1.89x | 2.09x | 0.94x | — | — | — | — | — |
| Debt to equity | — | 0.05x | — | — | 0.14x | 9.51x | 3.18x | 3.41x | 3.30x | — | — |
| Equity ratio | 82.2% | 86.7% | 83.2% | 66.9% | 56.1% | 3.2% | — | — | — | — | — |
| Interest coverage | -0.96x | 3.31x | 4.54x | 24.27x | 4.33x | -2.58x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 22.3% | -10.6% | -39.3% | 18.5% | -3.3% | 0.4% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 118.9% | -65.9% | 7.9% |
| Operating income | — | -68.5% | — |
| Net income | -19.2% | — | -8.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.6% | 6.0% | 7.3% | 6.8% |
| Operating margin | 4.5% | 16.2% | -0.3% | 0.2% |
| Net margin | 8.6% | 19.2% | -1.2% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 108.3 | 79.1 | 36.7 | 29.1 | 2.9 | -0.8 | 16.3 | 149.6 | 22.5 | 77.7 |
| Price to sales | 7.2 | 8.8 | 13.6 | 38.5 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 3 Jun 2013
- 2-for-1 split · 5 Aug 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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