B 
2.60
+3.17%
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¥685.3m
FY2016FY2025
Net income
−CN¥320.7m
FY2016FY2025
Free cash flow
−CN¥228.3m
FY2016FY2025
Shareholders' equity
CN¥5.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥685.3m | CN¥1.29bn | CN¥3.73bn | CN¥3.77bn | CN¥3.58bn | CN¥2.67bn | CN¥2.73bn | CN¥3.56bn | CN¥2.94bn | CN¥1.80bn |
| Research and development | CN¥10.1m | CN¥16.1m | CN¥9.7m | CN¥14.6m | CN¥14.2m | CN¥12.8m | CN¥13.4m | CN¥5.4m | CN¥10.2m | CN¥17.9m |
| Operating income | −CN¥143.9m | −CN¥662.7m | −CN¥2.19bn | CN¥199.5m | CN¥176.2m | CN¥46.0m | CN¥135.3m | CN¥522.6m | CN¥225.4m | CN¥109.0m |
| Net income | −CN¥320.7m | −CN¥464.2m | −CN¥1.54bn | CN¥151.7m | CN¥151.2m | CN¥53.6m | CN¥70.4m | CN¥340.5m | CN¥161.7m | CN¥93.3m |
| Diluted earnings per share | -0.16 | -0.23 | -0.73 | 0.07 | 0.07 | 0.02 | 0.03 | 0.21 | 0.09 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.63bn | CN¥11.92bn | CN¥12.40bn | CN¥13.39bn | CN¥11.98bn | CN¥11.09bn | CN¥10.83bn | CN¥10.92bn | CN¥10.26bn | CN¥9.01bn |
| Cash and short-term investments | — | CN¥81.9m | CN¥290.7m | CN¥204.7m | CN¥226.1m | CN¥158.1m | CN¥202.9m | CN¥569.3m | CN¥808.2m | CN¥158.2m |
| Total liabilities | CN¥5.84bn | CN¥5.68bn | CN¥5.70bn | CN¥5.02bn | CN¥4.95bn | CN¥4.22bn | CN¥3.99bn | CN¥4.13bn | CN¥3.83bn | CN¥3.93bn |
| Debt | CN¥192.0m | CN¥1.31bn | CN¥1.25bn | CN¥1.56bn | CN¥1.79bn | CN¥1.70bn | CN¥1.70bn | CN¥1.75bn | CN¥1.79bn | CN¥2.15bn |
| Shareholders' equity | CN¥5.47bn | CN¥5.78bn | CN¥6.19bn | CN¥7.72bn | CN¥6.35bn | CN¥6.22bn | CN¥6.16bn | CN¥6.08bn | CN¥5.70bn | CN¥4.35bn |
| Shares outstanding | 2,007m | 2,008m | 2,109m | 2,129m | 2,118m | 3,089m | 2,211m | 1,610m | 1,872m | 1,628m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥157.5m | CN¥312.8m | CN¥807.7m | CN¥12.7m | CN¥680.1m | CN¥322.3m | CN¥218.4m | CN¥431.6m | CN¥97.5m | CN¥332.1m |
| Capital spending | −CN¥385.8m | −CN¥398.5m | −CN¥958.7m | −CN¥987.0m | −CN¥441.9m | −CN¥329.7m | −CN¥315.4m | −CN¥390.3m | −CN¥413.4m | −CN¥901.8m |
| Free cash flow | −CN¥228.3m | −CN¥85.7m | −CN¥150.9m | −CN¥974.2m | CN¥238.2m | −CN¥7.4m | −CN¥97.0m | CN¥41.3m | −CN¥315.8m | −CN¥569.7m |
| Dividends paid | −CN¥105.9m | −CN¥106.3m | −CN¥120.8m | −CN¥105.6m | −CN¥80.2m | −CN¥73.7m | −CN¥127.1m | −CN¥148.8m | −CN¥70.3m | −CN¥73.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥157.9m | CN¥160.0m | CN¥206.4m | CN¥122.0m | CN¥230.0m | CN¥126.9m | CN¥162.8m | CN¥317.1m |
| Operating income | −CN¥53.5m | −CN¥50.2m | −CN¥83.3m | −CN¥65.5m | CN¥207.8m | −CN¥86.1m | −CN¥304.8m | −CN¥102.8m |
| Net income | −CN¥63.5m | −CN¥54.3m | −CN¥371.1m | −CN¥48.5m | CN¥164.4m | −CN¥65.6m | −CN¥191.1m | −CN¥81.4m |
| Diluted earnings per share | -0.03 | -0.03 | -0.18 | -0.02 | 0.08 | -0.03 | -0.10 | -0.04 |
| Cash from operations | — | — | — | −CN¥76.0m | CN¥51.0m | CN¥82.0m | — | CN¥147.0m |
| Capital spending | −CN¥25.0m | −CN¥49.0m | −CN¥101.0m | −CN¥109.0m | −CN¥101.0m | −CN¥73.0m | −CN¥95.0m | −CN¥126.0m |
| Free cash flow | — | — | — | −CN¥185.0m | −CN¥50.0m | CN¥9.0m | — | CN¥21.0m |
| Total assets | CN¥11.62bn | CN¥11.62bn | CN¥11.63bn | CN¥11.64bn | CN¥11.68bn | CN¥11.97bn | CN¥11.92bn | CN¥12.14bn |
| Cash and short-term investments | — | — | — | CN¥97.8m | CN¥231.2m | CN¥103.6m | CN¥81.9m | CN¥142.5m |
| Debt | CN¥192.0m | CN¥192.0m | CN¥192.0m | CN¥1.73bn | CN¥1.49bn | CN¥1.38bn | CN¥1.31bn | CN¥1.34bn |
| Shareholders' equity | CN¥5.35bn | CN¥5.42bn | CN¥5.47bn | CN¥5.76bn | CN¥5.81bn | CN¥5.71bn | CN¥5.78bn | CN¥5.92bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -31.2% | -41.4% | -56.0% | 8.1% | 8.6% | 5.7% |
| Net margin | -46.8% | -36.0% | -41.2% | 4.0% | 4.2% | 2.0% |
| Return on equity | -5.9% | -8.0% | -24.8% | 2.0% | 2.4% | 0.9% |
| Return on assets | -2.8% | -3.9% | -12.4% | 1.1% | 1.3% | 0.5% |
| Free cash flow yield | 9.3% | 12.2% | 28.9% | 16.2% | 18.3% | 7.3% |
| Revenue growth | -46.9% | -65.4% | -1.2% | 5.4% | 33.8% | -1.9% |
| Earnings growth | -30.9% | -69.8% | -1112.1% | 0.3% | 182.4% | -23.9% |
| Current ratio | 0.15x | 0.16x | 0.37x | 0.58x | 0.51x | 0.57x |
| Debt to equity | 0.04x | 0.23x | 0.44x | 0.11x | 0.21x | 0.27x |
| Equity ratio | 47.0% | 48.5% | 49.9% | 57.6% | 53.0% | 56.0% |
| Interest coverage | -1.01x | -3.93x | -19.51x | 2.71x | 2.17x | 1.39x |
| R&D as a share of sales | 1.5% | 1.2% | 0.3% | 0.4% | 0.4% | 0.5% |
| Buybacks as a share of market value | 0.1% | 4.7% | 1.0% | -0.5% | 31.4% | -39.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -43.4% | -23.8% | -7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -40.8% | -29.5% | -16.4% | -5.4% |
| Net margin | -39.7% | -22.9% | -12.5% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.3 | -13.0 | -4.8 | 48.7 | 74.1 | 244.5 | 141.6 | 26.0 | 102.8 | 124.4 |
| Price to sales | 10.0 | 4.7 | 2.0 | 2.0 | 3.1 | 4.9 | 3.7 | 2.5 | 5.7 | 6.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2021.
| FY2021 | FY2018 | FY2015 | FY2012 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.04 | 0.12 |
- 5-for-2 split · 28 Sept 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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