G 
3.65
-1.08%
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¥3.59bn
FY2016FY2025
Net income
−CN¥377.2m
FY2016FY2025
Free cash flow
−CN¥66.9m
FY2016FY2025
Shareholders' equity
CN¥969.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.59bn | CN¥1.36bn | CN¥1.40bn | CN¥1.68bn | CN¥1.85bn | CN¥2.17bn | CN¥2.23bn | CN¥2.43bn | CN¥2.71bn | CN¥2.80bn |
| Research and development | CN¥170.6m | CN¥68.5m | CN¥67.1m | CN¥66.5m | CN¥67.9m | CN¥66.0m | CN¥75.5m | CN¥83.0m | CN¥81.7m | CN¥86.7m |
| Operating income | CN¥10.5m | −CN¥895.2m | −CN¥611.6m | CN¥1.04bn | −CN¥367.8m | −CN¥147.5m | CN¥172.2m | CN¥161.4m | CN¥191.4m | CN¥277.9m |
| Net income | −CN¥377.2m | −CN¥882.9m | −CN¥698.1m | −CN¥1.04bn | −CN¥349.7m | −CN¥142.8m | CN¥110.0m | CN¥124.3m | CN¥201.7m | CN¥301.1m |
| Diluted earnings per share | -0.25 | -0.56 | -0.44 | -0.63 | -0.21 | -0.10 | 0.11 | 0.05 | 0.11 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.25bn | CN¥7.27bn | CN¥8.11bn | CN¥9.06bn | CN¥10.63bn | CN¥10.42bn | CN¥9.11bn | CN¥8.46bn | CN¥7.38bn | CN¥6.76bn |
| Cash and short-term investments | — | CN¥161.7m | CN¥309.4m | CN¥664.5m | CN¥1.19bn | CN¥979.9m | CN¥673.2m | CN¥1.06bn | CN¥572.7m | CN¥952.9m |
| Total liabilities | CN¥4.30bn | CN¥6.62bn | CN¥6.57bn | CN¥6.83bn | CN¥7.36bn | CN¥6.80bn | CN¥5.32bn | CN¥4.76bn | CN¥3.73bn | CN¥3.31bn |
| Debt | — | CN¥3.40bn | CN¥3.99bn | CN¥4.60bn | CN¥4.79bn | CN¥3.97bn | CN¥2.41bn | CN¥2.21bn | CN¥1.07bn | CN¥714.1m |
| Shareholders' equity | CN¥969.1m | CN¥651.8m | CN¥1.54bn | CN¥2.23bn | CN¥3.27bn | CN¥3.62bn | CN¥3.79bn | CN¥3.69bn | CN¥3.65bn | CN¥3.45bn |
| Shares outstanding | 1,493m | 1,587m | 1,583m | 1,635m | 1,692m | 1,366m | 963m | 2,338m | 1,906m | 1,854m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥64.6m | CN¥175.7m | CN¥337.5m | CN¥279.2m | CN¥578.2m | CN¥288.2m | CN¥453.2m | CN¥477.0m | CN¥223.6m | CN¥683.4m |
| Capital spending | −CN¥131.5m | −CN¥226.5m | −CN¥190.6m | −CN¥423.9m | −CN¥941.7m | −CN¥1.25bn | −CN¥1.02bn | −CN¥1.05bn | −CN¥991.3m | −CN¥1.13bn |
| Free cash flow | −CN¥66.9m | −CN¥50.7m | CN¥146.9m | −CN¥144.7m | −CN¥363.5m | −CN¥960.4m | −CN¥562.8m | −CN¥571.2m | −CN¥767.7m | −CN¥444.4m |
| Dividends paid | −CN¥1.02bn | −CN¥157.8m | −CN¥169.2m | −CN¥189.9m | −CN¥192.1m | −CN¥33.4m | −CN¥103.1m | −CN¥153.9m | −CN¥23.9m | −CN¥257.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥463.9m | CN¥948.7m | CN¥460.3m | CN¥2.56bn | CN¥315.7m | CN¥262.3m | CN¥426.7m | CN¥1.52bn |
| Operating income | CN¥16.3m | CN¥80.6m | −CN¥94.3m | CN¥202.9m | −CN¥146.0m | −CN¥198.9m | −CN¥286.2m | −CN¥310.9m |
| Net income | CN¥27.4m | CN¥25.0m | −CN¥32.9m | −CN¥1.7m | −CN¥144.4m | −CN¥198.1m | −CN¥273.8m | −CN¥296.5m |
| Diluted earnings per share | 0.02 | 0.02 | -0.02 | -0.00 | -0.10 | -0.13 | -0.17 | -0.19 |
| Cash from operations | — | — | — | −CN¥408.0m | CN¥42.0m | −CN¥112.0m | — | CN¥86.0m |
| Capital spending | −CN¥7.0m | −CN¥5.0m | −CN¥69.0m | −CN¥2.0m | −CN¥15.0m | −CN¥43.0m | −CN¥30.0m | −CN¥67.0m |
| Free cash flow | — | — | — | −CN¥410.0m | CN¥27.0m | −CN¥155.0m | — | CN¥19.0m |
| Total assets | CN¥5.56bn | CN¥5.50bn | CN¥6.25bn | CN¥6.25bn | CN¥7.01bn | CN¥7.41bn | CN¥7.27bn | CN¥7.65bn |
| Cash and short-term investments | — | — | — | CN¥2.20bn | CN¥94.9m | CN¥349.7m | CN¥161.7m | CN¥249.1m |
| Debt | — | — | — | CN¥185.4m | CN¥3.79bn | CN¥4.09bn | CN¥3.38bn | CN¥3.76bn |
| Shareholders' equity | CN¥1.02bn | CN¥994.1m | CN¥969.1m | CN¥976.2m | CN¥309.3m | CN¥453.7m | CN¥651.8m | CN¥926.6m |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -2.8% | -51.5% | -42.7% | -54.7% | -12.1% | -1.9% | — |
| Net margin | -10.5% | -65.0% | -49.7% | -61.7% | -18.9% | -6.6% | — |
| Return on equity | -38.9% | -135.5% | -45.5% | -46.5% | -10.7% | -3.9% | — |
| Return on assets | -6.0% | -12.1% | -8.6% | -11.4% | -3.3% | -1.4% | — |
| Free cash flow yield | 3.0% | 5.8% | 7.6% | 9.8% | 20.5% | 25.7% | — |
| Revenue growth | 164.5% | -3.2% | -16.5% | -9.1% | -14.6% | -2.8% | — |
| Earnings growth | -57.3% | 26.5% | -32.7% | 196.5% | 144.8% | -229.9% | — |
| Current ratio | 1.31x | 0.41x | 0.55x | 0.65x | 0.90x | 0.79x | — |
| Debt to equity | — | 5.18x | 2.58x | 2.04x | 1.46x | 0.96x | 0.65x |
| Equity ratio | 15.5% | 9.0% | 18.9% | 24.6% | 30.7% | 34.7% | — |
| Interest coverage | -0.86x | -3.84x | -6.16x | -7.84x | -1.80x | -0.41x | — |
| R&D as a share of sales | 4.7% | 5.0% | 4.8% | 4.0% | 3.7% | 3.0% | — |
| Buybacks as a share of market value | 6.0% | -0.3% | 3.2% | 3.3% | -23.8% | -41.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.8% | 10.7% | 3.9% |
| Operating income | -78.4% | — | -29.5% |
| Net income | -28.6% | 21.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.9% | -5.7% | -8.1% | 0.7% |
| Net margin | -25.4% | -37.3% | -28.9% | -9.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.7 | -5.2 | -8.3 | -5.7 | -14.7 | -31.9 | 33.6 | 70.4 | 64.9 | 81.6 |
| Price to sales | 1.8 | 3.4 | 4.1 | 3.5 | 2.8 | 2.1 | 1.7 | 3.6 | 4.8 | 8.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2020.
| FY2020 | FY2018 | FY2016 | |
|---|---|---|---|
| Paid in the year | 0.02 | 0.05 | 0.13 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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