G 
8.85
-0.34%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.09bn
FY2016FY2025
Net income
CN¥29.9m
FY2016FY2025
Free cash flow
−CN¥164.0m
FY2016FY2025
Shareholders' equity
CN¥1.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.09bn | CN¥2.15bn | CN¥2.19bn | CN¥2.39bn | CN¥2.53bn | CN¥2.13bn | CN¥2.19bn | CN¥2.08bn | CN¥1.81bn | CN¥1.41bn |
| Gross profit | CN¥123.4m | CN¥157.8m | CN¥232.2m | CN¥227.8m | CN¥293.6m | CN¥275.7m | CN¥308.7m | CN¥262.8m | CN¥232.1m | CN¥227.6m |
| Research and development | CN¥38.6m | CN¥87.2m | CN¥43.0m | CN¥41.1m | CN¥37.8m | CN¥23.8m | CN¥14.8m | CN¥8.0m | CN¥5.2m | CN¥6.2m |
| Operating income | −CN¥75.5m | −CN¥32.9m | CN¥33.0m | CN¥21.0m | CN¥36.1m | CN¥34.7m | CN¥33.6m | CN¥29.9m | CN¥28.1m | CN¥19.9m |
| Net income | CN¥29.9m | −CN¥32.7m | CN¥33.9m | CN¥22.8m | CN¥31.0m | CN¥30.2m | CN¥29.2m | CN¥25.6m | CN¥22.2m | CN¥21.0m |
| Diluted earnings per share | 0.12 | -0.13 | 0.14 | 0.09 | 0.13 | 0.12 | 0.12 | 0.10 | 0.09 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.25bn | CN¥3.29bn | CN¥3.35bn | CN¥3.34bn | CN¥3.31bn | CN¥2.96bn | CN¥2.68bn | CN¥2.43bn | CN¥2.25bn | CN¥2.18bn |
| Cash and short-term investments | — | CN¥203.6m | CN¥536.4m | CN¥591.8m | CN¥846.6m | CN¥760.8m | CN¥714.2m | CN¥624.1m | CN¥489.6m | CN¥814.3m |
| Total liabilities | CN¥2.77bn | CN¥1.84bn | CN¥1.85bn | CN¥1.86bn | CN¥1.84bn | CN¥1.52bn | CN¥1.26bn | CN¥1.04bn | CN¥876.8m | CN¥819.3m |
| Debt | CN¥777.3m | CN¥783.1m | CN¥677.4m | CN¥702.7m | CN¥593.0m | CN¥540.0m | CN¥366.1m | CN¥324.8m | CN¥325.0m | CN¥300.0m |
| Shareholders' equity | CN¥1.48bn | CN¥1.45bn | CN¥1.50bn | CN¥1.48bn | CN¥1.46bn | CN¥1.44bn | CN¥1.41bn | CN¥1.39bn | CN¥1.37bn | CN¥1.36bn |
| Shares outstanding | 245m | 246m | 245m | 245m | 245m | 242m | 245m | 250m | 243m | 205m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥9.7m | −CN¥127.3m | CN¥48.3m | −CN¥21.1m | CN¥6.5m | CN¥36.5m | CN¥185.0m | CN¥231.0m | CN¥36.2m | CN¥112.1m |
| Capital spending | −CN¥173.8m | −CN¥192.1m | −CN¥97.0m | −CN¥271.6m | −CN¥216.7m | −CN¥163.1m | −CN¥101.0m | −CN¥83.5m | −CN¥97.1m | −CN¥48.1m |
| Free cash flow | −CN¥164.0m | −CN¥319.4m | −CN¥48.8m | −CN¥292.7m | −CN¥210.2m | −CN¥126.6m | CN¥84.0m | CN¥147.5m | −CN¥60.9m | CN¥64.0m |
| Dividends paid | −CN¥31.4m | −CN¥38.3m | −CN¥33.1m | −CN¥9.3m | −CN¥9.1m | −CN¥8.8m | −CN¥7.4m | −CN¥18.9m | −CN¥17.8m | −CN¥20.6m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥395.1m | CN¥631.4m | CN¥499.9m | CN¥538.6m | CN¥417.7m | CN¥635.6m | CN¥474.1m | CN¥563.0m |
| Gross profit | CN¥3.9m | CN¥28.3m | CN¥33.9m | CN¥31.0m | CN¥30.2m | CN¥13.2m | CN¥40.3m | CN¥50.1m |
| Operating income | −CN¥39.7m | −CN¥31.2m | −CN¥22.9m | −CN¥38.0m | −CN¥15.7m | −CN¥9.7m | −CN¥32.4m | CN¥9.1m |
| Net income | −CN¥54.6m | CN¥91.5m | −CN¥22.9m | −CN¥16.9m | −CN¥21.7m | −CN¥9.5m | −CN¥32.3m | CN¥2.0m |
| Diluted earnings per share | -0.22 | 0.37 | -0.09 | -0.07 | -0.09 | -0.04 | -0.13 | 0.01 |
| Cash from operations | — | — | −CN¥6.0m | −CN¥42.0m | −CN¥4.0m | CN¥28.0m | −CN¥74.0m | −CN¥45.0m |
| Capital spending | −CN¥59.0m | −CN¥49.0m | −CN¥54.0m | −CN¥25.0m | −CN¥43.0m | −CN¥65.0m | −CN¥1.0m | −CN¥46.0m |
| Free cash flow | — | — | −CN¥60.0m | −CN¥67.0m | −CN¥47.0m | −CN¥37.0m | −CN¥75.0m | −CN¥91.0m |
| Total assets | CN¥4.41bn | CN¥4.25bn | CN¥3.42bn | CN¥3.40bn | CN¥3.65bn | CN¥3.29bn | CN¥3.35bn | CN¥3.41bn |
| Cash and short-term investments | — | — | CN¥168.0m | CN¥248.2m | CN¥497.8m | CN¥203.6m | CN¥245.2m | CN¥252.6m |
| Debt | CN¥948.0m | CN¥777.3m | CN¥607.8m | CN¥885.5m | CN¥1.11bn | CN¥781.3m | CN¥755.2m | CN¥665.1m |
| Shareholders' equity | CN¥1.43bn | CN¥1.48bn | CN¥1.39bn | CN¥1.41bn | CN¥1.43bn | CN¥1.45bn | CN¥1.47bn | CN¥1.50bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.9% | 7.4% | 10.6% | 9.5% | 11.6% | 12.9% |
| Operating margin | 2.0% | -1.0% | 2.0% | 1.4% | 1.9% | 2.2% |
| Net margin | 1.4% | -1.5% | 1.5% | 1.0% | 1.2% | 1.4% |
| Return on equity | 2.0% | -2.2% | 2.3% | 1.5% | 2.1% | 2.1% |
| Return on assets | 0.7% | -1.0% | 1.0% | 0.7% | 0.9% | 1.0% |
| Free cash flow yield | 7.9% | 2.8% | 6.3% | 10.8% | 9.6% | 8.7% |
| Revenue growth | -2.7% | -2.0% | -8.3% | -5.6% | 18.7% | -2.7% |
| Earnings growth | -191.7% | -196.4% | 48.4% | -26.4% | 2.8% | 3.4% |
| Current ratio | 1.40x | 1.11x | 1.19x | 1.21x | 1.36x | 1.58x |
| Debt to equity | 0.52x | 0.54x | 0.45x | 0.56x | 0.36x | 0.33x |
| Equity ratio | 34.9% | 44.2% | 44.8% | 44.2% | 44.2% | 48.7% |
| Interest coverage | 2.78x | -1.86x | 3.79x | 2.44x | 3.49x | 3.69x |
| R&D as a share of sales | 1.9% | 4.1% | 2.0% | 1.7% | 1.5% | 1.1% |
| Buybacks as a share of market value | 0.2% | -0.4% | -0.1% | 0.3% | -1.4% | 1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.4% | -0.4% | 3.4% |
| Net income | 9.4% | -0.2% | 5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.6% | 8.4% | 9.7% | 11.4% |
| Operating margin | -2.6% | -0.6% | 0.1% | 0.7% |
| Net margin | -0.1% | 0.6% | 0.9% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 111.2 | -111.3 | 116.3 | 251.3 | 78.3 | 56.8 | 57.5 | 67.6 | 119.9 | 165.1 |
| Price to sales | 1.6 | 1.7 | 1.8 | 2.4 | 1.0 | 0.8 | 0.8 | 0.8 | 1.5 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Nov 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.054 | 0.029 | 0.038 | 0.037 | 0.036 | 0.03 | 0.03 | 0.03 |
- 1-to-1 reverse split · 6 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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