J 
1.61
+0.63%
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¥6.36bn
FY2016FY2025
Net income
−CN¥2.04bn
FY2016FY2025
Free cash flow
CN¥720.4m
FY2016FY2025
Shareholders' equity
CN¥619.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.36bn | CN¥7.21bn | CN¥9.25bn | CN¥12.97bn | CN¥19.65bn | CN¥19.50bn | CN¥17.01bn | CN¥14.13bn | CN¥17.65bn | CN¥11.01bn |
| Research and development | CN¥119.0m | CN¥201.7m | CN¥202.2m | CN¥199.9m | CN¥196.6m | CN¥159.7m | CN¥124.8m | CN¥18.0m | CN¥60.8m | CN¥22.0m |
| Operating income | −CN¥392.2m | −CN¥3.17bn | −CN¥4.84bn | −CN¥4.33bn | −CN¥1.40bn | −CN¥14.9m | CN¥209.5m | CN¥105.4m | CN¥3.03bn | −CN¥161.2m |
| Net income | −CN¥2.04bn | −CN¥2.92bn | −CN¥3.95bn | −CN¥3.43bn | −CN¥1.25bn | CN¥137.2m | CN¥53.5m | −CN¥197.3m | CN¥801.8m | CN¥108.3m |
| Diluted earnings per share | -0.63 | -0.89 | -1.25 | -1.11 | -0.38 | 0.03 | 0.02 | -0.08 | 0.24 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥40.17bn | CN¥42.24bn | CN¥45.56bn | CN¥53.69bn | CN¥56.38bn | CN¥58.32bn | CN¥59.43bn | CN¥58.75bn | CN¥58.20bn | CN¥51.88bn |
| Cash and short-term investments | — | CN¥1.12bn | CN¥751.5m | CN¥2.66bn | CN¥4.37bn | CN¥9.22bn | CN¥8.42bn | CN¥7.47bn | CN¥4.86bn | CN¥5.78bn |
| Total liabilities | CN¥39.39bn | CN¥38.88bn | CN¥38.60bn | CN¥41.87bn | CN¥40.13bn | CN¥40.22bn | CN¥40.99bn | CN¥40.04bn | CN¥39.07bn | CN¥37.58bn |
| Debt | CN¥5.72bn | CN¥27.30bn | CN¥28.18bn | CN¥30.67bn | CN¥29.23bn | CN¥29.37bn | CN¥32.03bn | CN¥29.65bn | CN¥28.89bn | CN¥31.54bn |
| Shareholders' equity | CN¥619.0m | CN¥2.78bn | CN¥5.76bn | CN¥9.62bn | CN¥13.08bn | CN¥14.57bn | CN¥14.42bn | CN¥14.45bn | CN¥14.91bn | CN¥11.44bn |
| Shares outstanding | 3,263m | 3,286m | 3,158m | 3,102m | 3,337m | 4,484m | 2,374m | 2,629m | 3,328m | 3,806m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥780.9m | CN¥551.2m | CN¥2.54bn | −CN¥742.2m | −CN¥820.6m | CN¥3.27bn | CN¥115.3m | CN¥2.57bn | CN¥6.14bn | CN¥2.59bn |
| Capital spending | −CN¥60.5m | −CN¥46.0m | −CN¥83.4m | −CN¥107.3m | −CN¥144.7m | −CN¥615.8m | −CN¥323.4m | −CN¥320.3m | −CN¥412.9m | −CN¥226.6m |
| Free cash flow | CN¥720.4m | CN¥505.2m | CN¥2.46bn | −CN¥849.5m | −CN¥965.3m | CN¥2.65bn | −CN¥208.1m | CN¥2.25bn | CN¥5.73bn | CN¥2.36bn |
| Dividends paid | −CN¥1.37bn | −CN¥1.55bn | −CN¥1.83bn | −CN¥1.87bn | −CN¥2.20bn | −CN¥2.41bn | −CN¥2.43bn | −CN¥2.18bn | −CN¥1.95bn | −CN¥2.23bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.51bn | CN¥895.2m | CN¥1.58bn | CN¥1.75bn | CN¥2.01bn | CN¥1.03bn | CN¥1.97bn | CN¥2.31bn |
| Operating income | −CN¥83.5m | −CN¥161.6m | −CN¥54.5m | −CN¥209.0m | −CN¥395.9m | −CN¥597.5m | −CN¥1.55bn | −CN¥477.7m |
| Net income | −CN¥256.5m | −CN¥224.6m | −CN¥1.09bn | −CN¥128.9m | −CN¥353.9m | −CN¥469.0m | −CN¥1.63bn | −CN¥363.6m |
| Diluted earnings per share | -0.08 | -0.07 | -0.33 | -0.04 | -0.11 | -0.14 | -0.50 | -0.11 |
| Cash from operations | — | — | — | CN¥76.0m | CN¥314.0m | −CN¥315.0m | — | −CN¥219.0m |
| Capital spending | −CN¥2.0m | −CN¥8.0m | −CN¥38.0m | −CN¥9.0m | −CN¥2.0m | −CN¥9.0m | −CN¥14.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥67.0m | CN¥312.0m | −CN¥324.0m | — | −CN¥222.0m |
| Total assets | CN¥39.44bn | CN¥40.21bn | CN¥40.17bn | CN¥42.26bn | CN¥42.20bn | CN¥42.19bn | CN¥42.24bn | CN¥45.31bn |
| Cash and short-term investments | — | — | — | CN¥1.23bn | CN¥1.22bn | CN¥1.09bn | CN¥1.12bn | CN¥952.5m |
| Debt | CN¥12.23bn | CN¥7.02bn | CN¥5.72bn | CN¥25.41bn | CN¥28.32bn | CN¥28.00bn | CN¥26.91bn | CN¥26.05bn |
| Shareholders' equity | CN¥105.7m | CN¥430.0m | CN¥619.0m | CN¥1.70bn | CN¥1.87bn | CN¥2.22bn | CN¥2.78bn | CN¥4.48bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -11.9% | -17.0% | -31.6% | -17.1% | 3.8% | 11.1% |
| Net margin | -32.1% | -40.4% | -42.7% | -26.5% | -6.4% | 0.7% |
| Return on equity | -329.6% | -104.9% | -68.5% | -35.6% | -9.6% | 0.9% |
| Return on assets | -5.1% | -6.9% | -8.7% | -6.4% | -2.2% | 0.2% |
| Free cash flow yield | 14.2% | 10.0% | 45.7% | -11.2% | -11.1% | 47.6% |
| Revenue growth | -11.8% | -22.0% | -28.7% | -34.0% | 0.8% | 14.6% |
| Earnings growth | -30.1% | -26.1% | 15.1% | 173.5% | -1014.2% | 156.6% |
| Current ratio | 0.66x | 0.52x | 0.58x | 0.72x | 0.84x | 0.89x |
| Debt to equity | 9.25x | 9.68x | 4.77x | 2.89x | 1.95x | 1.76x |
| Equity ratio | 1.5% | 6.6% | 12.6% | 17.9% | 23.2% | 25.0% |
| Interest coverage | -0.41x | -0.59x | -1.44x | -1.04x | 0.34x | 0.98x |
| R&D as a share of sales | 1.9% | 2.8% | 2.2% | 1.5% | 1.0% | 0.8% |
| Buybacks as a share of market value | 0.7% | -4.1% | -1.8% | 7.0% | 25.6% | -88.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.1% | -20.1% | -5.3% |
| Operating income | -55.1% | 92.3% | -5.8% |
| Net income | -15.9% | — | 26.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -26.2% | -35.6% | -18.9% | -8.0% |
| Net margin | -36.5% | -34.5% | -18.0% | -8.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.0 | -2.0 | -1.6 | -2.2 | -8.7 | 101.3 | 141.7 | -44.1 | 22.0 | 191.8 |
| Price to sales | 0.9 | 0.8 | 0.7 | 0.6 | 0.6 | 0.7 | 0.5 | 0.6 | 1.0 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Aug 2021.
| FY2021 | FY2018 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.05 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.067 |
- 3-for-2 split · 26 May 2009
- 1.385-for-1 split · 10 Aug 2006
- 3-for-2 split · 20 Jul 2005
- 7-for-5 split · 30 Apr 1999
- 9-for-5 split · 2 Jul 1998
- 6-for-5 split · 22 Apr 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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