H 
4.82
+0.21%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥7.26bn
FY2016FY2025
Net income
−CN¥876.4m
FY2016FY2025
Free cash flow
CN¥511.2m
FY2016FY2025
Shareholders' equity
CN¥2.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.26bn | CN¥7.05bn | CN¥5.63bn | CN¥5.01bn | CN¥2.44bn | CN¥2.72bn | CN¥2.13bn | CN¥2.04bn | CN¥1.72bn | CN¥1.69bn |
| Gross profit | CN¥998.3m | CN¥460.3m | −CN¥739.7m | CN¥261.3m | −CN¥24.3m | CN¥411.4m | CN¥193.4m | CN¥67.7m | CN¥160.7m | CN¥290.1m |
| Research and development | CN¥162.0m | CN¥76.2m | CN¥35.2m | CN¥23.7m | CN¥20.4m | CN¥9.0m | CN¥6.2m | CN¥2.0m | CN¥1.7m | CN¥11.2m |
| Operating income | −CN¥666.7m | CN¥69.2m | −CN¥993.3m | CN¥144.1m | −CN¥259.2m | CN¥283.7m | CN¥75.8m | −CN¥44.2m | CN¥46.6m | CN¥151.4m |
| Net income | −CN¥876.4m | CN¥39.3m | −CN¥1.20bn | −CN¥77.7m | −CN¥296.3m | CN¥282.7m | CN¥63.3m | −CN¥35.8m | CN¥44.9m | CN¥196.6m |
| Diluted earnings per share | -0.69 | 0.03 | -0.95 | -0.07 | -0.43 | 0.42 | 0.09 | -0.06 | 0.08 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥10.78bn | CN¥12.36bn | CN¥12.66bn | CN¥10.09bn | CN¥5.41bn | CN¥2.23bn | CN¥1.63bn | CN¥1.59bn | CN¥1.78bn | CN¥1.91bn |
| Cash and short-term investments | — | CN¥1.17bn | CN¥1.50bn | CN¥566.7m | CN¥833.4m | CN¥268.6m | CN¥177.8m | CN¥330.2m | CN¥546.0m | CN¥615.5m |
| Total liabilities | CN¥8.44bn | CN¥9.14bn | CN¥9.49bn | CN¥7.18bn | CN¥3.18bn | CN¥727.4m | CN¥403.3m | CN¥432.4m | CN¥508.2m | CN¥617.4m |
| Debt | CN¥877.5m | CN¥7.12bn | CN¥8.48bn | CN¥6.01bn | CN¥2.80bn | CN¥434.5m | CN¥161.4m | CN¥134.7m | CN¥202.0m | CN¥304.6m |
| Shareholders' equity | CN¥2.16bn | CN¥3.02bn | CN¥2.99bn | CN¥2.68bn | CN¥2.13bn | CN¥1.43bn | CN¥1.17bn | CN¥1.10bn | CN¥1.20bn | CN¥1.22bn |
| Shares outstanding | 1,261m | 1,311m | 1,261m | 1,076m | 685m | 676m | 682m | 632m | 573m | 699m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥598.0m | CN¥856.5m | −CN¥642.4m | CN¥44.8m | −CN¥530.1m | CN¥155.5m | −CN¥73.1m | −CN¥51.2m | CN¥143.1m | CN¥137.6m |
| Capital spending | −CN¥86.9m | −CN¥140.1m | −CN¥333.2m | −CN¥256.9m | −CN¥285.9m | −CN¥240.7m | −CN¥56.5m | −CN¥34.6m | −CN¥37.9m | −CN¥31.0m |
| Free cash flow | CN¥511.2m | CN¥716.4m | −CN¥975.5m | −CN¥212.1m | −CN¥816.1m | −CN¥85.2m | −CN¥129.6m | −CN¥85.7m | CN¥105.2m | CN¥106.6m |
| Dividends paid | −CN¥54.2m | −CN¥80.7m | −CN¥87.1m | −CN¥74.4m | −CN¥32.6m | −CN¥19.6m | −CN¥6.8m | −CN¥73.6m | −CN¥78.5m | −CN¥31.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.27bn | CN¥1.56bn | CN¥1.87bn | CN¥1.70bn | CN¥1.82bn | CN¥1.86bn | CN¥1.77bn | CN¥2.04bn |
| Gross profit | −CN¥194.2m | CN¥42.0m | −CN¥359.0m | CN¥84.2m | CN¥189.5m | CN¥161.0m | CN¥166.2m | CN¥269.1m |
| Operating income | −CN¥268.0m | −CN¥30.9m | −CN¥442.6m | −CN¥27.5m | CN¥32.7m | CN¥28.9m | CN¥35.4m | CN¥260.6m |
| Net income | −CN¥359.2m | −CN¥376.9m | −CN¥863.3m | −CN¥58.4m | CN¥25.6m | CN¥19.6m | CN¥38.1m | CN¥248.2m |
| Diluted earnings per share | -0.28 | -0.30 | -0.68 | -0.05 | 0.02 | 0.02 | 0.03 | 0.19 |
| Cash from operations | — | — | — | CN¥205.0m | CN¥267.0m | CN¥338.0m | — | CN¥589.0m |
| Capital spending | −CN¥14.0m | −CN¥7.0m | −CN¥45.0m | −CN¥3.0m | −CN¥15.0m | −CN¥22.0m | −CN¥8.0m | −CN¥49.0m |
| Free cash flow | — | — | — | CN¥202.0m | CN¥252.0m | CN¥316.0m | — | CN¥540.0m |
| Total assets | CN¥10.32bn | CN¥10.54bn | CN¥10.78bn | CN¥11.94bn | CN¥11.92bn | CN¥12.24bn | CN¥12.36bn | CN¥12.42bn |
| Cash and short-term investments | — | — | — | CN¥1.08bn | CN¥1.14bn | CN¥1.34bn | CN¥1.17bn | CN¥1.45bn |
| Debt | CN¥1.89bn | CN¥1.41bn | CN¥877.5m | CN¥1.71bn | CN¥1.78bn | CN¥2.34bn | CN¥2.36bn | CN¥2.46bn |
| Shareholders' equity | CN¥1.43bn | CN¥1.79bn | CN¥2.16bn | CN¥3.00bn | CN¥3.07bn | CN¥3.04bn | CN¥3.02bn | CN¥2.99bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.8% | 6.5% | -13.1% | 5.2% | -1.0% | 15.1% |
| Operating margin | -11.6% | 4.7% | -17.2% | 1.1% | -8.9% | 10.4% |
| Net margin | -12.1% | 0.6% | -21.4% | -1.6% | -12.1% | 10.4% |
| Return on equity | -40.5% | 1.3% | -40.2% | -2.9% | -13.9% | 19.8% |
| Return on assets | -8.1% | 0.3% | -9.5% | -0.8% | -5.5% | 12.7% |
| Free cash flow yield | 10.5% | 14.7% | -4.7% | 5.4% | -6.9% | 11.3% |
| Revenue growth | 3.0% | 25.1% | 12.5% | 104.8% | -10.3% | 27.8% |
| Earnings growth | -2329.0% | -103.3% | 1448.7% | -73.8% | -204.8% | 346.7% |
| Current ratio | 0.91x | 1.25x | 1.08x | 1.21x | 1.54x | 1.80x |
| Debt to equity | 0.41x | 0.78x | 1.08x | 0.74x | 0.57x | 0.30x |
| Equity ratio | 20.1% | 24.5% | 23.6% | 26.6% | 39.3% | 64.1% |
| Interest coverage | -15.44x | 1.18x | -3.61x | 0.27x | -2.06x | 29.69x |
| R&D as a share of sales | 2.2% | 1.1% | 0.6% | 0.5% | 0.8% | 0.3% |
| Buybacks as a share of market value | 3.8% | -3.9% | -17.2% | -57.1% | -1.4% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 21.7% | 18.5% |
| Operating income | — | — | 40.2% |
| Net income | 124.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.2% | 3.9% | 4.5% | 5.7% |
| Operating margin | -4.2% | -5.8% | -4.7% | -3.1% |
| Net margin | -5.9% | -8.5% | -7.1% | -4.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.5 | 206.7 | -10.9 | -98.5 | -15.7 | 19.2 | 86.6 | -59.6 | 73.0 | 31.0 |
| Price to sales | 1.0 | 1.1 | 2.3 | 1.5 | 1.9 | 2.0 | 2.6 | 1.1 | 1.9 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2021.
| FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2013 | FY2010 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.03 | 0.10 | 0.10 | 0.025 | 0.025 | 0.046 | 0.073 |
- 2-for-1 split · 20 Jun 2016
- 13-for-10 split · 6 Jul 2012
- 9-for-5 split · 11 Oct 2007
- 1-to-1 reverse split · 6 Sept 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.