L 
11.64
-1.77%
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¥8.77bn
FY2017FY2025
Net income
−CN¥991.6m
FY2017FY2025
Free cash flow
−CN¥10.6m
FY2017FY2025
Shareholders' equity
CN¥7.60bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.77bn | CN¥9.52bn | CN¥7.05bn | CN¥7.80bn | CN¥9.63bn | CN¥4.39bn | CN¥3.99bn | CN¥4.78bn | CN¥2.79bn |
| Gross profit | CN¥850.0m | CN¥92.0m | CN¥214.1m | CN¥803.7m | CN¥2.99bn | CN¥1.12bn | CN¥503.6m | CN¥827.3m | CN¥236.7m |
| Research and development | CN¥35.9m | CN¥36.8m | CN¥31.1m | CN¥28.1m | CN¥15.5m | CN¥9.2m | CN¥11.2m | CN¥3.1m | CN¥993,996 |
| Operating income | −CN¥217.1m | CN¥70.3m | CN¥105.0m | CN¥788.7m | CN¥2.86bn | CN¥949.4m | CN¥266.3m | CN¥387.9m | CN¥164.8m |
| Net income | −CN¥991.6m | CN¥56.6m | CN¥98.6m | CN¥607.8m | CN¥2.15bn | CN¥715.1m | CN¥212.4m | CN¥285.8m | CN¥155.6m |
| Diluted earnings per share | -1.80 | 0.10 | 0.18 | 1.11 | 3.91 | 1.30 | 0.39 | 0.52 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.86bn | CN¥13.36bn | CN¥12.89bn | CN¥9.93bn | CN¥9.23bn | CN¥4.22bn | CN¥4.22bn | CN¥5.12bn | CN¥6.00bn |
| Cash and short-term investments | — | CN¥894.6m | CN¥922.4m | CN¥2.67bn | CN¥4.77bn | CN¥243.9m | CN¥614.1m | CN¥247.0m | CN¥677.6m |
| Total liabilities | CN¥4.26bn | CN¥4.76bn | CN¥4.26bn | CN¥1.29bn | CN¥983.6m | CN¥2.00bn | CN¥2.73bn | CN¥4.46bn | CN¥5.62bn |
| Debt | CN¥2.15bn | CN¥2.89bn | CN¥2.55bn | CN¥400.0m | CN¥316.6m | CN¥1.27bn | CN¥2.18bn | CN¥3.66bn | CN¥3.15bn |
| Shareholders' equity | CN¥7.60bn | CN¥8.60bn | CN¥8.63bn | CN¥8.64bn | CN¥8.25bn | CN¥2.22bn | CN¥1.50bn | CN¥663.8m | CN¥372.9m |
| Shares outstanding | 550m | 566m | 550m | 550m | 550m | 550m | 550m | 550m | 550m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥579.0m | CN¥917.9m | CN¥613.9m | CN¥1.08bn | CN¥2.68bn | CN¥1.27bn | CN¥758.7m | CN¥753.7m | CN¥370.1m |
| Capital spending | −CN¥589.5m | −CN¥1.47bn | −CN¥4.38bn | −CN¥3.04bn | −CN¥965.1m | −CN¥646.1m | −CN¥550.5m | −CN¥618.9m | −CN¥715.4m |
| Free cash flow | −CN¥10.6m | −CN¥550.9m | −CN¥3.77bn | −CN¥1.96bn | CN¥1.71bn | CN¥628.4m | CN¥208.2m | CN¥134.8m | −CN¥345.2m |
| Dividends paid | −CN¥117.5m | −CN¥148.0m | −CN¥116.9m | −CN¥215.1m | −CN¥21.1m | −CN¥80.8m | −CN¥168.4m | −CN¥173.3m | −CN¥94.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.92bn | CN¥2.68bn | CN¥2.02bn | CN¥2.15bn | CN¥2.19bn | CN¥2.41bn | CN¥2.31bn | CN¥2.70bn |
| Gross profit | −CN¥19.0m | CN¥197.7m | −CN¥112.7m | CN¥41.8m | CN¥17.5m | −CN¥108.8m | −CN¥26.6m | CN¥69.7m |
| Operating income | −CN¥39.7m | CN¥183.5m | −CN¥100.5m | −CN¥6.8m | −CN¥12.8m | −CN¥187.6m | −CN¥42.2m | CN¥62.4m |
| Net income | −CN¥93.7m | CN¥71.3m | −CN¥812.2m | −CN¥11.8m | −CN¥4.9m | −CN¥162.6m | −CN¥31.3m | CN¥52.1m |
| Diluted earnings per share | -0.17 | 0.13 | -1.48 | -0.02 | -0.01 | -0.30 | -0.06 | 0.09 |
| Cash from operations | — | — | — | CN¥51.0m | CN¥508.0m | CN¥96.0m | — | CN¥103.0m |
| Capital spending | −CN¥3.0m | −CN¥114.0m | −CN¥32.0m | −CN¥51.0m | −CN¥155.0m | −CN¥311.0m | −CN¥13.0m | −CN¥302.0m |
| Free cash flow | — | — | — | CN¥0 | CN¥353.0m | −CN¥215.0m | — | −CN¥199.0m |
| Total assets | CN¥11.18bn | CN¥11.22bn | CN¥11.86bn | CN¥13.14bn | CN¥13.03bn | CN¥12.90bn | CN¥13.36bn | CN¥13.56bn |
| Cash and short-term investments | — | — | — | CN¥1.26bn | CN¥1.00bn | CN¥656.4m | CN¥894.6m | CN¥1.36bn |
| Debt | CN¥1.90bn | CN¥1.90bn | CN¥2.15bn | CN¥1.37bn | CN¥2.97bn | CN¥2.73bn | CN¥2.89bn | CN¥3.45bn |
| Shareholders' equity | CN¥7.55bn | CN¥7.67bn | CN¥7.60bn | CN¥8.41bn | CN¥8.42bn | CN¥8.44bn | CN¥8.60bn | CN¥8.63bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.0% | 14.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.1% | 5.9% | 12.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -9.0 | 152.7 | 100.1 | 18.8 | 11.7 |
| Price to sales | 1.0 | 0.9 | 1.4 | 1.5 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 5 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.03 | 0.055 | 0.166 | 0.391 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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