F 
7.32
+0.14%
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¥1.53bn
FY2016FY2025
Net income
−CN¥126.9m
FY2016FY2025
Free cash flow
−CN¥50.1m
FY2016FY2025
Shareholders' equity
CN¥1.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.53bn | CN¥1.74bn | CN¥2.05bn | CN¥2.59bn | CN¥3.62bn | CN¥2.96bn | CN¥3.04bn | CN¥2.95bn | CN¥1.83bn | CN¥1.32bn |
| Research and development | CN¥12.1m | CN¥19.4m | CN¥27.4m | CN¥66.5m | — | — | — | — | — | — |
| Operating income | −CN¥86.7m | −CN¥159.2m | −CN¥376.6m | −CN¥318.9m | CN¥525.3m | CN¥438.1m | CN¥810.1m | CN¥561.4m | −CN¥251.7m | −CN¥41.8m |
| Net income | −CN¥126.9m | −CN¥167.2m | −CN¥322.6m | −CN¥242.6m | CN¥310.0m | CN¥277.9m | CN¥466.9m | CN¥337.5m | −CN¥151.8m | CN¥13.8m |
| Diluted earnings per share | -0.30 | -0.35 | -0.69 | -0.54 | 0.69 | 0.59 | 1.02 | 0.74 | -0.33 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.42bn | CN¥3.58bn | CN¥3.87bn | CN¥4.19bn | CN¥4.65bn | CN¥4.51bn | CN¥3.93bn | CN¥4.00bn | CN¥4.07bn | CN¥4.43bn |
| Cash and short-term investments | — | CN¥68.3m | CN¥116.4m | CN¥94.9m | CN¥337.7m | CN¥456.6m | CN¥637.6m | CN¥700.4m | CN¥377.2m | CN¥320.1m |
| Total liabilities | CN¥2.47bn | CN¥2.50bn | CN¥2.63bn | CN¥2.53bn | CN¥2.57bn | CN¥2.72bn | CN¥2.43bn | CN¥2.62bn | CN¥3.02bn | CN¥3.14bn |
| Debt | CN¥259.0m | CN¥1.54bn | CN¥1.67bn | CN¥1.39bn | CN¥1.23bn | CN¥1.36bn | CN¥1.27bn | CN¥1.37bn | CN¥1.91bn | CN¥1.85bn |
| Shareholders' equity | CN¥1.02bn | CN¥1.10bn | CN¥1.19bn | CN¥1.54bn | CN¥1.93bn | CN¥1.66bn | CN¥1.40bn | CN¥855.5m | CN¥603.1m | CN¥734.5m |
| Shares outstanding | 417m | 474m | 467m | 447m | 451m | 470m | 457m | 453m | 455m | 451m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥13.0m | CN¥150.9m | −CN¥84.0m | −CN¥207.1m | CN¥461.7m | CN¥405.1m | CN¥645.0m | CN¥933.0m | CN¥106.8m | CN¥179.6m |
| Capital spending | −CN¥37.1m | −CN¥33.1m | −CN¥127.3m | −CN¥187.2m | −CN¥348.6m | −CN¥620.7m | −CN¥129.3m | −CN¥50.9m | −CN¥27.0m | −CN¥75.0m |
| Free cash flow | −CN¥50.1m | CN¥117.8m | −CN¥211.3m | −CN¥394.2m | CN¥113.1m | −CN¥215.6m | CN¥515.7m | CN¥882.2m | CN¥79.8m | CN¥104.6m |
| Dividends paid | −CN¥43.4m | −CN¥58.7m | −CN¥57.9m | −CN¥40.3m | −CN¥36.6m | −CN¥137.5m | −CN¥12.6m | −CN¥84.4m | −CN¥90.4m | −CN¥101.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥321.3m | CN¥283.4m | CN¥415.3m | CN¥342.7m | CN¥409.6m | CN¥360.3m | CN¥618.3m | CN¥406.1m |
| Operating income | −CN¥46.4m | −CN¥62.8m | −CN¥50.9m | −CN¥38.6m | CN¥43.8m | −CN¥33.0m | −CN¥5.6m | −CN¥80.1m |
| Net income | −CN¥27.0m | −CN¥42.2m | −CN¥119.4m | −CN¥28.2m | CN¥40.6m | −CN¥19.9m | CN¥433,622 | −CN¥62.8m |
| Diluted earnings per share | -0.06 | -0.10 | -0.29 | -0.07 | 0.10 | -0.05 | 0.00 | -0.13 |
| Cash from operations | — | — | — | −CN¥112.0m | CN¥141.0m | CN¥47.0m | CN¥230.0m | CN¥67.0m |
| Capital spending | −CN¥1.0m | −CN¥8.0m | −CN¥19.0m | −CN¥4.0m | −CN¥2.0m | −CN¥11.0m | −CN¥14.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥116.0m | CN¥139.0m | CN¥36.0m | CN¥216.0m | CN¥65.0m |
| Total assets | CN¥3.23bn | CN¥3.38bn | CN¥3.42bn | CN¥3.62bn | CN¥3.74bn | CN¥3.80bn | CN¥3.58bn | CN¥3.86bn |
| Cash and short-term investments | — | — | — | CN¥83.0m | CN¥107.8m | CN¥197.3m | CN¥68.3m | CN¥165.6m |
| Debt | CN¥372.8m | CN¥584.8m | CN¥259.0m | CN¥1.29bn | CN¥1.39bn | CN¥1.78bn | CN¥1.54bn | CN¥1.55bn |
| Shareholders' equity | CN¥837.0m | CN¥915.0m | CN¥1.02bn | CN¥1.11bn | CN¥1.22bn | CN¥1.13bn | CN¥1.10bn | CN¥1.10bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.5% | -9.1% | -18.3% | -12.2% | 14.8% | 15.8% |
| Net margin | -8.3% | -9.6% | -15.7% | -9.4% | 8.6% | 9.4% |
| Return on equity | -12.5% | -15.3% | -27.1% | -15.8% | 16.1% | 16.7% |
| Return on assets | -3.7% | -4.7% | -8.3% | -5.8% | 6.7% | 6.2% |
| Free cash flow yield | 0.8% | 5.4% | 1.3% | -0.6% | 25.0% | 30.3% |
| Revenue growth | -12.0% | -15.4% | -20.8% | -28.4% | 22.2% | -2.7% |
| Earnings growth | -24.1% | -48.2% | 33.0% | -178.3% | 11.6% | -40.5% |
| Current ratio | 0.12x | 0.14x | 0.18x | 0.28x | 0.44x | 0.31x |
| Debt to equity | 0.25x | 1.41x | 1.39x | 0.85x | 0.62x | 0.82x |
| Equity ratio | 29.7% | 30.6% | 30.7% | 36.6% | 41.5% | 36.8% |
| Interest coverage | -2.50x | -2.36x | -5.84x | -5.58x | 11.05x | 7.93x |
| R&D as a share of sales | 0.8% | 1.1% | 1.3% | 2.6% | — | — |
| Buybacks as a share of market value | 12.0% | -1.4% | -4.5% | 0.9% | 4.0% | -2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.1% | -12.4% | 0.0% |
| Operating income | -35.2% | — | -16.9% |
| Net income | -19.4% | — | -10.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.5% | -11.9% | 0.2% | 2.2% |
| Net margin | -9.0% | -10.9% | -1.9% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.5 | -10.7 | -7.5 | -9.9 | 10.8 | 13.8 | 7.2 | 8.2 | -18.2 | 284.2 |
| Price to sales | 1.8 | 1.0 | 1.2 | 0.9 | 0.9 | 1.3 | 1.1 | 0.9 | 1.5 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.088 | 0.08 | 0.133 | 0.028 | 0.009 | 0.033 | 0.013 | 0.025 |
- 6-for-5 split · 9 Jul 2020
- 1.267-for-1 split · 23 Aug 2006
- 11-for-10 split · 24 Apr 1995
- 6-for-5 split · 18 Apr 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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