L 
3.24
+4.85%
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¥4.69bn
FY2016FY2025
Net income
−CN¥274.0m
FY2016FY2025
Free cash flow
CN¥718.8m
FY2016FY2025
Shareholders' equity
CN¥5.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.69bn | CN¥5.53bn | CN¥5.60bn | CN¥6.62bn | CN¥5.91bn | CN¥5.05bn | CN¥6.69bn | CN¥7.31bn | CN¥7.69bn | CN¥7.16bn |
| Gross profit | CN¥582.3m | CN¥1.26bn | CN¥1.02bn | CN¥1.68bn | CN¥1.20bn | CN¥383.5m | CN¥986.5m | CN¥1.04bn | CN¥1.76bn | CN¥1.25bn |
| Research and development | — | — | CN¥1.2m | CN¥1.3m | CN¥800,000 | CN¥502,872 | — | — | — | — |
| Operating income | −CN¥147.0m | CN¥480.4m | CN¥132.4m | CN¥659.8m | CN¥263.0m | −CN¥179.6m | CN¥423.0m | CN¥577,900 | CN¥563.6m | CN¥619.4m |
| Net income | −CN¥274.0m | CN¥202.1m | CN¥23.9m | CN¥194.7m | CN¥26.6m | −CN¥467.1m | CN¥26.2m | CN¥113.4m | CN¥464.7m | CN¥173.6m |
| Diluted earnings per share | -0.18 | 0.11 | 0.02 | 0.17 | 0.02 | -0.36 | 0.02 | 0.11 | 0.35 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥13.24bn | CN¥13.57bn | CN¥13.60bn | CN¥14.93bn | CN¥15.28bn | CN¥15.13bn | CN¥15.60bn | CN¥15.29bn | CN¥16.69bn | CN¥16.59bn |
| Cash and short-term investments | — | CN¥2.82bn | CN¥2.39bn | CN¥2.89bn | CN¥2.69bn | CN¥2.78bn | CN¥2.43bn | CN¥1.99bn | CN¥2.81bn | CN¥2.44bn |
| Total liabilities | CN¥7.83bn | CN¥8.08bn | CN¥8.37bn | CN¥9.64bn | CN¥10.21bn | CN¥10.17bn | CN¥10.16bn | CN¥9.85bn | CN¥11.12bn | CN¥11.44bn |
| Debt | CN¥1.33bn | CN¥3.67bn | CN¥3.83bn | CN¥4.75bn | CN¥5.78bn | CN¥6.77bn | CN¥6.68bn | CN¥6.73bn | CN¥7.37bn | CN¥7.96bn |
| Shareholders' equity | CN¥5.41bn | CN¥5.50bn | CN¥5.24bn | CN¥5.30bn | CN¥5.07bn | CN¥4.96bn | CN¥5.44bn | CN¥5.44bn | CN¥5.56bn | CN¥5.15bn |
| Shares outstanding | 1,495m | 1,804m | 977m | 1,174m | 1,367m | 1,313m | 1,277m | 1,020m | 1,316m | 1,320m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥852.6m | CN¥1.01bn | CN¥768.0m | CN¥1.67bn | CN¥1.87bn | CN¥787.4m | CN¥707.6m | CN¥904.3m | CN¥1.43bn | CN¥625.4m |
| Capital spending | −CN¥133.8m | −CN¥104.6m | −CN¥124.5m | −CN¥119.2m | −CN¥1.09bn | −CN¥119.8m | −CN¥184.9m | −CN¥327.1m | −CN¥283.4m | −CN¥58.1m |
| Free cash flow | CN¥718.8m | CN¥909.2m | CN¥643.5m | CN¥1.55bn | CN¥781.2m | CN¥667.6m | CN¥522.7m | CN¥577.2m | CN¥1.15bn | CN¥567.2m |
| Dividends paid | −CN¥150.5m | −CN¥149.0m | −CN¥217.0m | −CN¥183.7m | −CN¥209.6m | −CN¥281.5m | −CN¥34.4m | −CN¥494.8m | −CN¥447.2m | −CN¥451.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥669.1m | CN¥1.08bn | CN¥1.27bn | CN¥1.01bn | CN¥923.6m | CN¥1.49bn | CN¥1.64bn | CN¥1.23bn |
| Gross profit | −CN¥112.7m | CN¥9.9m | CN¥97.0m | CN¥115.5m | CN¥99.1m | CN¥270.6m | CN¥437.4m | CN¥361.8m |
| Operating income | −CN¥243.6m | −CN¥133.2m | −CN¥130.2m | −CN¥86.5m | −CN¥26.2m | CN¥123.4m | CN¥204.6m | CN¥148.6m |
| Net income | −CN¥344.1m | −CN¥115.6m | −CN¥173.2m | −CN¥115.0m | −CN¥80.1m | CN¥94.4m | CN¥142.4m | CN¥48.3m |
| Diluted earnings per share | -0.23 | -0.08 | -0.12 | -0.08 | -0.05 | 0.06 | 0.08 | 0.03 |
| Cash from operations | — | — | — | CN¥220.0m | CN¥279.0m | −CN¥63.0m | CN¥824.0m | CN¥500.0m |
| Capital spending | −CN¥9.0m | −CN¥21.0m | −CN¥70.0m | −CN¥33.0m | −CN¥14.0m | −CN¥15.0m | −CN¥44.0m | −CN¥18.0m |
| Free cash flow | — | — | — | CN¥187.0m | CN¥265.0m | −CN¥78.0m | CN¥780.0m | CN¥482.0m |
| Total assets | CN¥12.94bn | CN¥13.28bn | CN¥13.24bn | CN¥12.95bn | CN¥13.33bn | CN¥13.86bn | CN¥13.57bn | CN¥13.28bn |
| Cash and short-term investments | — | — | — | CN¥3.25bn | CN¥3.43bn | CN¥3.55bn | CN¥2.82bn | CN¥2.41bn |
| Debt | CN¥1.45bn | CN¥1.45bn | CN¥1.33bn | CN¥3.29bn | CN¥3.89bn | CN¥4.38bn | CN¥3.64bn | CN¥3.89bn |
| Shareholders' equity | CN¥5.00bn | CN¥5.34bn | CN¥5.41bn | CN¥5.54bn | CN¥5.62bn | CN¥5.67bn | CN¥5.50bn | CN¥5.43bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.4% | 22.8% | 18.2% | 25.3% | 20.2% | 7.6% |
| Operating margin | -2.6% | 10.3% | 7.3% | 13.9% | 9.5% | -2.9% |
| Net margin | -5.8% | 3.7% | 0.4% | 2.9% | 0.5% | -9.2% |
| Return on equity | -5.1% | 3.7% | 0.5% | 3.7% | 0.5% | -9.4% |
| Return on assets | -2.1% | 1.5% | 0.2% | 1.3% | 0.2% | -3.1% |
| Free cash flow yield | 17.4% | 16.4% | 24.1% | 40.2% | 57.2% | 18.2% |
| Revenue growth | -15.1% | -1.3% | -15.5% | 11.9% | 17.0% | -24.4% |
| Earnings growth | -235.5% | 746.6% | -87.7% | 631.5% | -105.7% | -1881.9% |
| Current ratio | 0.86x | 0.68x | 0.56x | 0.61x | 0.58x | 0.68x |
| Debt to equity | 0.25x | 0.66x | 0.73x | 0.89x | 1.14x | 1.46x |
| Equity ratio | 40.9% | 40.5% | 38.5% | 35.5% | 33.2% | 32.8% |
| Interest coverage | -0.88x | 3.67x | 1.73x | 3.13x | 1.71x | -0.36x |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 17.1% | -84.6% | 16.8% | 14.1% | -4.1% | -2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | -1.5% | -2.3% |
| Operating income | — | -3.9% | -11.1% |
| Net income | — | -10.1% | -5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 20.2% | 18.3% | 17.6% |
| Operating margin | 3.3% | 5.0% | 3.6% | 3.4% |
| Net margin | -0.7% | 0.7% | -0.9% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.9 | 30.7 | 148.1 | 23.1 | 195.1 | -11.4 | 211.5 | 29.2 | 20.9 | 82.0 |
| Price to sales | 1.2 | 1.1 | 0.6 | 0.7 | 0.9 | 1.1 | 0.8 | 0.5 | 1.3 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 7 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.032 | 0.02 | 0.06 | 0.006 | 0.026 | 0.11 | 0.04 | 0.02 |
- 13-for-10 split · 10 May 2010
- 2-for-1 split · 13 May 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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