C 
1.15
-0.86%
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¥24.00bn
FY2016FY2025
Net income
−CN¥2.72bn
FY2016FY2025
Free cash flow
CN¥651.7m
FY2016FY2025
Shareholders' equity
CN¥13.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥24.00bn | CN¥27.24bn | CN¥39.32bn | CN¥36.56bn | CN¥39.85bn | CN¥24.49bn | CN¥23.48bn | CN¥22.64bn | CN¥13.24bn | CN¥4.41bn |
| Gross profit | CN¥196.9m | −CN¥1.42bn | −CN¥886.1m | −CN¥184.7m | CN¥3.80bn | CN¥1.81bn | CN¥1.75bn | CN¥2.92bn | −CN¥616.0m | −CN¥2.75bn |
| Research and development | CN¥45.0m | CN¥1.05bn | CN¥36.8m | CN¥24.8m | CN¥11.8m | — | CN¥516.0m | CN¥491.1m | CN¥326.6m | CN¥188.0m |
| Operating income | −CN¥2.57bn | −CN¥3.32bn | −CN¥1.76bn | −CN¥953.8m | CN¥2.46bn | CN¥681.1m | CN¥870.7m | CN¥1.91bn | −CN¥1.30bn | −CN¥5.38bn |
| Net income | −CN¥2.72bn | −CN¥3.20bn | −CN¥1.49bn | −CN¥1.02bn | CN¥2.27bn | CN¥638.5m | CN¥925.7m | CN¥1.79bn | CN¥320.1m | −CN¥4.69bn |
| Diluted earnings per share | -0.31 | -0.36 | -0.17 | -0.11 | 0.26 | 0.07 | 0.11 | 0.20 | 0.07 | -1.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥32.09bn | CN¥35.48bn | CN¥37.36bn | CN¥39.36bn | CN¥43.00bn | CN¥39.95bn | CN¥26.98bn | CN¥26.93bn | CN¥25.01bn | CN¥36.44bn |
| Cash and short-term investments | — | CN¥3.02bn | CN¥1.94bn | CN¥4.00bn | CN¥7.01bn | CN¥4.94bn | CN¥2.18bn | CN¥2.79bn | CN¥2.05bn | CN¥1.10bn |
| Total liabilities | CN¥18.17bn | CN¥18.87bn | CN¥17.50bn | CN¥18.02bn | CN¥20.62bn | CN¥19.91bn | CN¥7.58bn | CN¥8.40bn | CN¥8.21bn | CN¥36.55bn |
| Debt | CN¥2.53bn | CN¥2.60bn | CN¥3.62bn | CN¥6.49bn | CN¥6.91bn | CN¥9.23bn | CN¥1.23bn | CN¥710.0m | CN¥1.10bn | CN¥18.28bn |
| Shareholders' equity | CN¥13.91bn | CN¥16.61bn | CN¥19.85bn | CN¥21.34bn | CN¥22.38bn | CN¥20.04bn | CN¥19.40bn | CN¥18.53bn | CN¥16.73bn | −CN¥200.5m |
| Shares outstanding | 8,852m | 8,852m | 8,919m | 8,919m | 8,860m | 8,892m | 8,681m | 8,974m | 4,477m | 4,380m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.65bn | CN¥1.31bn | CN¥1.02bn | CN¥1.47bn | CN¥5.62bn | CN¥1.34bn | −CN¥405.3m | CN¥1.34bn | CN¥505.8m | −CN¥449.0m |
| Capital spending | −CN¥997.2m | −CN¥766.1m | −CN¥816.4m | −CN¥2.69bn | −CN¥4.89bn | −CN¥223.2m | −CN¥337.4m | −CN¥14.3m | −CN¥14.3m | −CN¥133.2m |
| Free cash flow | CN¥651.7m | CN¥543.8m | CN¥205.7m | −CN¥1.22bn | CN¥730.1m | CN¥1.11bn | −CN¥742.8m | CN¥1.32bn | CN¥491.5m | −CN¥582.3m |
| Dividends paid | −CN¥184.6m | −CN¥155.0m | −CN¥247.8m | −CN¥299.7m | −CN¥345.7m | −CN¥203.0m | −CN¥157.4m | −CN¥247.8m | −CN¥172.3m | −CN¥645.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.94bn | CN¥4.89bn | CN¥4.91bn | CN¥6.01bn | CN¥6.47bn | CN¥6.61bn | CN¥6.65bn | CN¥5.51bn |
| Gross profit | CN¥142.8m | −CN¥43.2m | −CN¥57.9m | CN¥101.1m | CN¥114.6m | CN¥38.5m | −CN¥334.4m | −CN¥600.3m |
| Operating income | CN¥51.6m | −CN¥156.2m | −CN¥97.9m | −CN¥101.5m | −CN¥8.0m | −CN¥77.7m | −CN¥1.75bn | −CN¥733.7m |
| Net income | CN¥20.3m | −CN¥199.2m | −CN¥2.50bn | −CN¥87.3m | −CN¥13.6m | −CN¥117.4m | −CN¥1.85bn | −CN¥660.5m |
| Diluted earnings per share | 0.00 | -0.02 | -0.28 | -0.01 | -0.00 | -0.01 | -0.21 | -0.07 |
| Cash from operations | — | — | — | CN¥953.0m | CN¥471.0m | CN¥408.0m | — | CN¥267.0m |
| Capital spending | −CN¥219.0m | −CN¥310.0m | −CN¥156.0m | −CN¥221.0m | −CN¥493.0m | −CN¥125.0m | −CN¥191.0m | −CN¥159.0m |
| Free cash flow | — | — | — | CN¥732.0m | −CN¥22.0m | CN¥283.0m | — | CN¥108.0m |
| Total assets | CN¥32.81bn | CN¥32.07bn | CN¥32.09bn | CN¥35.08bn | CN¥35.51bn | CN¥35.38bn | CN¥35.48bn | CN¥35.91bn |
| Cash and short-term investments | — | — | — | CN¥3.34bn | CN¥3.30bn | CN¥3.38bn | CN¥3.02bn | CN¥2.54bn |
| Debt | CN¥3.49bn | CN¥3.31bn | CN¥2.53bn | CN¥6.54bn | CN¥2.70bn | CN¥2.56bn | CN¥2.57bn | CN¥1.93bn |
| Shareholders' equity | CN¥14.75bn | CN¥13.72bn | CN¥13.91bn | CN¥16.41bn | CN¥16.49bn | CN¥16.50bn | CN¥16.61bn | CN¥18.45bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 0.8% | -5.2% | -2.3% | -0.5% | 9.5% | 7.4% | — |
| Operating margin | -10.6% | -12.2% | -4.5% | -2.6% | 6.2% | 2.8% | — |
| Net margin | -11.3% | -11.7% | -3.8% | -2.8% | 5.7% | 2.6% | — |
| Return on equity | -19.6% | -19.2% | -7.5% | -4.8% | 10.2% | 3.2% | — |
| Return on assets | -8.5% | -9.0% | -4.0% | -2.6% | 5.3% | 1.6% | — |
| Free cash flow yield | 24.7% | 19.4% | 17.0% | 38.6% | 98.1% | 14.5% | — |
| Revenue growth | -11.9% | -30.7% | 7.5% | -8.3% | 62.7% | 4.3% | — |
| Earnings growth | -14.8% | 113.8% | 46.6% | -144.8% | 256.2% | -31.0% | — |
| Current ratio | 0.32x | 0.37x | 0.44x | 0.65x | 0.87x | 0.97x | — |
| Debt to equity | 0.18x | 0.15x | 0.27x | 0.18x | 0.22x | 0.46x | — |
| Equity ratio | 43.4% | 46.8% | 53.1% | 54.2% | 52.0% | 50.2% | — |
| Interest coverage | -12.67x | -17.44x | -6.57x | -3.21x | 4.92x | 2.42x | — |
| R&D as a share of sales | 0.2% | 3.8% | 0.1% | 0.1% | 0.0% | — | 2.2% |
| Buybacks as a share of market value | 0.0% | 0.7% | 0.0% | -0.7% | 0.4% | -2.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.1% | -0.4% | 11.1% |
| Operating income | 39.2% | — | -12.0% |
| Net income | 38.7% | — | -7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -2.4% | -1.8% | 1.7% | -0.9% |
| Operating margin | -11.5% | -6.8% | -2.9% | -7.1% |
| Net margin | -11.5% | -6.6% | -2.9% | -5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -4.0 | -8.3 | -13.8 | 8.1 | 20.6 | 17.4 | 9.7 | 30.1 | -2.4 |
| Price to sales | 0.5 | 0.5 | 0.3 | 0.4 | 0.5 | 0.5 | 0.7 | 0.8 | 0.7 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jun 2009.
| FY2009 | FY2008 | FY2007 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 |
- 1-to-1 reverse split · 26 Dec 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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