T 
2.84
-1.39%
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¥646.3m
FY2016FY2025
Free cash flow
−CN¥1.41bn
FY2016FY2025
Shareholders' equity
CN¥1.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −CN¥202.9m | −CN¥378.3m | −CN¥334.0m | CN¥370.3m | CN¥462.6m | CN¥558.7m | CN¥462.8m | CN¥27.5m | CN¥26.4m | CN¥22.8m |
| Research and development | CN¥120.3m | CN¥154.3m | CN¥172.6m | CN¥200.5m | CN¥70.8m | CN¥41.9m | CN¥25.8m | CN¥9.6m | CN¥7.5m | CN¥7.8m |
| Operating income | −CN¥679.3m | −CN¥589.9m | −CN¥646.6m | −CN¥44.7m | CN¥265.3m | CN¥322.1m | CN¥206.2m | CN¥72.9m | −CN¥60.5m | −CN¥85.9m |
| Net income | −CN¥646.3m | −CN¥632.1m | −CN¥521.0m | −CN¥38.2m | CN¥187.8m | CN¥186.0m | CN¥147.0m | CN¥72.5m | −CN¥59.5m | CN¥19.4m |
| Diluted earnings per share | -0.59 | -0.59 | -0.45 | -0.03 | 0.17 | 0.17 | 0.07 | 0.13 | -0.11 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.41bn | CN¥3.90bn | CN¥4.28bn | CN¥4.83bn | CN¥4.87bn | CN¥4.72bn | CN¥514.2m | CN¥599.5m | CN¥520.4m | CN¥599.1m |
| Cash and short-term investments | — | CN¥778.0m | CN¥712.5m | CN¥1.42bn | CN¥838.9m | CN¥869.2m | CN¥96.3m | CN¥180.9m | CN¥44.2m | CN¥101.6m |
| Total liabilities | CN¥3.28bn | CN¥2.14bn | CN¥1.89bn | CN¥1.92bn | CN¥1.92bn | CN¥1.95bn | CN¥434.2m | CN¥482.6m | CN¥497.3m | CN¥515.2m |
| Debt | CN¥570.0m | CN¥751.8m | CN¥793.2m | CN¥1.15bn | CN¥1.01bn | CN¥1.36bn | CN¥1.22bn | CN¥14.9m | CN¥5.0m | — |
| Shareholders' equity | CN¥1.12bn | CN¥1.76bn | CN¥2.39bn | CN¥2.91bn | CN¥2.95bn | CN¥2.77bn | CN¥88.0m | CN¥153.0m | CN¥58.5m | CN¥118.3m |
| Shares outstanding | 1,101m | 1,078m | 1,150m | 1,482m | 1,138m | 1,103m | 2,087m | 579m | 546m | 747m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥671.2m | CN¥43.3m | −CN¥310.8m | CN¥662.6m | CN¥326.2m | CN¥366.3m | −CN¥72.9m | −CN¥43.2m | −CN¥70.9m | −CN¥88.1m |
| Capital spending | −CN¥739.9m | −CN¥223.6m | −CN¥255.6m | −CN¥83.2m | −CN¥59.9m | −CN¥42.3m | −CN¥1.3m | −CN¥2.5m | −CN¥1.5m | −CN¥2.1m |
| Free cash flow | −CN¥1.41bn | −CN¥180.2m | −CN¥566.4m | CN¥579.4m | CN¥266.2m | CN¥324.0m | −CN¥74.1m | −CN¥45.7m | −CN¥72.4m | −CN¥90.3m |
| Dividends paid | −CN¥48.4m | −CN¥39.4m | −CN¥23.6m | −CN¥48.2m | −CN¥40.8m | −CN¥440.6m | −CN¥96,179 | −CN¥425,447 | −CN¥159,802 | −CN¥212,397 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −CN¥70.6m | −CN¥81.0m | −CN¥94.3m | −CN¥160.2m | −CN¥100.9m | −CN¥81.0m | −CN¥72.1m | −CN¥96.6m |
| Operating income | −CN¥138.3m | −CN¥123.3m | −CN¥145.0m | −CN¥220.6m | −CN¥175.9m | −CN¥156.8m | −CN¥88.7m | −CN¥150.5m |
| Net income | −CN¥150.5m | −CN¥142.9m | −CN¥66.9m | −CN¥220.8m | −CN¥189.8m | −CN¥168.9m | −CN¥94.9m | −CN¥221.7m |
| Diluted earnings per share | -0.14 | -0.13 | -0.06 | -0.20 | -0.17 | -0.15 | -0.09 | -0.21 |
| Cash from operations | — | — | — | −CN¥1.0m | −CN¥82.0m | −CN¥328.0m | CN¥215.0m | −CN¥290.0m |
| Capital spending | −CN¥68.0m | −CN¥237.0m | −CN¥278.0m | −CN¥195.0m | −CN¥140.0m | −CN¥125.0m | −CN¥168.0m | −CN¥33.0m |
| Free cash flow | — | — | — | −CN¥196.0m | −CN¥222.0m | −CN¥453.0m | CN¥47.0m | −CN¥323.0m |
| Total assets | CN¥5.13bn | CN¥4.62bn | CN¥4.41bn | CN¥3.94bn | CN¥4.03bn | CN¥4.10bn | CN¥3.90bn | CN¥3.84bn |
| Cash and short-term investments | — | — | — | CN¥409.7m | CN¥509.7m | CN¥765.4m | CN¥778.0m | CN¥605.0m |
| Debt | CN¥864.8m | CN¥774.5m | CN¥570.0m | CN¥1.25bn | CN¥1.57bn | CN¥1.89bn | CN¥751.8m | CN¥1.13bn |
| Shareholders' equity | CN¥956.4m | CN¥978.6m | CN¥1.12bn | CN¥1.19bn | CN¥1.41bn | CN¥1.60bn | CN¥1.76bn | CN¥1.86bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.0% | 4.0% | 38.1% |
| Operating income | 147.8% | — | 30.2% |
| Net income | 156.6% | — | 41.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -7.2% | -3.1% | 2.0% | 3.6% |
| Operating margin | -15.6% | -11.3% | -5.6% | -4.5% |
| Net margin | -15.8% | -10.6% | -6.0% | -4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.9 | -5.2 | -8.2 | -140.7 | 28.7 | 27.6 | 78.6 | 40.0 | -59.6 | 398.2 |
| Price to sales | 1.1 | 0.7 | 1.3 | 0.9 | 1.3 | 1.9 | 3.0 | 20.0 | 25.1 | 58.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Aug 2001.
| FY2001 | FY1996 | FY1995 | |
|---|---|---|---|
| Paid in the year | 0.025 | 0.049 | 0.04 |
- 1-to-1 reverse split · 3 Mar 2009
- 3-for-2 split · 1 Aug 2001
- 3-for-2 split · 31 May 2000
- 3-for-2 split · 12 Jun 1998
- 3-for-2 split · 6 May 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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