C 
2.90
0.00%
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¥9.82bn
FY2016FY2025
Net income
−CN¥311.0m
FY2016FY2025
Free cash flow
CN¥630.2m
FY2016FY2025
Shareholders' equity
CN¥5.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.82bn | CN¥16.62bn | CN¥17.17bn | CN¥23.89bn | CN¥23.13bn | CN¥19.90bn | CN¥13.17bn | CN¥10.51bn | CN¥10.25bn | CN¥3.20bn |
| Gross profit | CN¥1.30bn | −CN¥42.6m | CN¥843.0m | CN¥2.38bn | CN¥2.00bn | CN¥1.90bn | CN¥1.45bn | CN¥1.61bn | CN¥1.69bn | −CN¥3.24bn |
| Research and development | CN¥277.6m | CN¥726.6m | CN¥469.4m | CN¥551.9m | CN¥518.7m | CN¥473.1m | CN¥368.9m | CN¥255.8m | CN¥178.4m | CN¥291.5m |
| Operating income | — | −CN¥2.71bn | −CN¥2.72bn | CN¥354.6m | CN¥92.9m | CN¥626.8m | CN¥47.3m | CN¥369.8m | CN¥210.1m | −CN¥5.64bn |
| Net income | −CN¥311.0m | −CN¥3.74bn | −CN¥2.71bn | CN¥103.9m | CN¥168.4m | CN¥130.5m | CN¥128.7m | CN¥128.7m | CN¥84.2m | −CN¥5.73bn |
| Diluted earnings per share | -0.05 | -0.54 | -0.39 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | -0.88 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥39.09bn | CN¥39.97bn | CN¥39.99bn | CN¥41.26bn | CN¥38.29bn | CN¥32.87bn | CN¥33.09bn | CN¥34.05bn | CN¥33.38bn | CN¥30.42bn |
| Cash and short-term investments | — | CN¥2.86bn | CN¥2.26bn | CN¥1.38bn | CN¥1.68bn | CN¥2.44bn | CN¥1.83bn | CN¥2.59bn | CN¥3.51bn | CN¥2.91bn |
| Total liabilities | CN¥32.66bn | CN¥34.26bn | CN¥30.85bn | CN¥29.39bn | CN¥26.75bn | CN¥21.62bn | CN¥21.93bn | CN¥23.00bn | CN¥22.46bn | CN¥21.13bn |
| Debt | CN¥8.27bn | CN¥14.83bn | CN¥21.49bn | CN¥17.41bn | CN¥13.50bn | CN¥10.89bn | CN¥9.79bn | CN¥12.05bn | CN¥12.72bn | CN¥13.66bn |
| Shareholders' equity | CN¥5.16bn | CN¥5.35bn | CN¥9.01bn | CN¥11.72bn | CN¥11.44bn | CN¥11.13bn | CN¥11.05bn | CN¥10.93bn | CN¥10.83bn | CN¥9.20bn |
| Shares outstanding | 6,858m | 6,895m | 6,858m | 6,858m | 6,817m | 7,273m | 6,147m | 6,849m | 6,623m | 6,539m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.56bn | CN¥473.2m | CN¥143.4m | −CN¥1.26bn | CN¥682.2m | CN¥690.5m | CN¥1.92bn | CN¥684.4m | CN¥983.4m | CN¥500.3m |
| Capital spending | −CN¥931.5m | −CN¥508.4m | −CN¥589.8m | −CN¥200.5m | −CN¥164.5m | −CN¥426.2m | −CN¥441.7m | −CN¥411.4m | −CN¥443.6m | −CN¥508.0m |
| Free cash flow | CN¥630.2m | −CN¥35.2m | −CN¥446.4m | −CN¥1.46bn | CN¥517.7m | CN¥264.3m | CN¥1.48bn | CN¥273.0m | CN¥539.8m | −CN¥7.7m |
| Dividends paid | −CN¥315.9m | −CN¥372.6m | −CN¥579.9m | −CN¥635.0m | −CN¥597.9m | −CN¥583.7m | −CN¥636.3m | −CN¥562.9m | −CN¥673.9m | −CN¥688.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.88bn | CN¥2.41bn | CN¥3.29bn | CN¥1.85bn | CN¥2.43bn | CN¥2.25bn | CN¥3.01bn | CN¥4.90bn |
| Gross profit | CN¥361.9m | CN¥313.8m | CN¥380.6m | CN¥244.5m | CN¥529.8m | CN¥143.4m | −CN¥996.5m | CN¥418.2m |
| Operating income | CN¥96.1m | CN¥59.7m | −CN¥200.5m | CN¥79.4m | CN¥112.1m | CN¥147.2m | −CN¥2.90bn | CN¥2.3m |
| Net income | −CN¥4.7m | CN¥1.9m | −CN¥232.4m | CN¥27.0m | −CN¥22.5m | −CN¥83.1m | −CN¥3.55bn | −CN¥9.9m |
| Diluted earnings per share | -0.00 | 0.00 | -0.03 | 0.00 | -0.00 | -0.01 | -0.52 | -0.00 |
| Cash from operations | — | — | — | CN¥490.0m | −CN¥344.0m | CN¥209.0m | — | CN¥212.0m |
| Capital spending | −CN¥172.0m | −CN¥93.0m | −CN¥579.0m | −CN¥59.0m | −CN¥142.0m | −CN¥149.0m | −CN¥286.0m | −CN¥98.0m |
| Free cash flow | — | — | — | CN¥431.0m | −CN¥486.0m | CN¥60.0m | — | CN¥114.0m |
| Total assets | CN¥37.51bn | CN¥38.07bn | CN¥39.09bn | CN¥38.49bn | CN¥38.16bn | CN¥38.57bn | CN¥39.97bn | CN¥41.78bn |
| Cash and short-term investments | — | — | — | CN¥3.68bn | CN¥2.61bn | CN¥2.68bn | CN¥2.86bn | CN¥2.77bn |
| Debt | CN¥11.69bn | CN¥9.75bn | CN¥8.27bn | CN¥11.44bn | CN¥14.55bn | CN¥12.99bn | CN¥14.67bn | CN¥22.65bn |
| Shareholders' equity | CN¥5.18bn | CN¥5.17bn | CN¥5.16bn | CN¥5.27bn | CN¥5.30bn | CN¥5.29bn | CN¥5.35bn | CN¥8.83bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 13.3% | -0.3% | 4.9% | 10.0% | 8.6% | 9.5% | — |
| Operating margin | — | -16.3% | -15.8% | 1.5% | 0.4% | 3.1% | 0.4% |
| Net margin | -3.2% | -22.5% | -15.8% | 0.4% | 0.7% | 0.7% | — |
| Return on equity | -6.0% | -69.8% | -30.1% | 0.9% | 1.5% | 1.2% | — |
| Return on assets | -0.8% | -9.3% | -6.8% | 0.3% | 0.4% | 0.4% | — |
| Free cash flow yield | 12.2% | 4.8% | 3.6% | -5.2% | 4.2% | 5.1% | — |
| Revenue growth | -40.9% | -3.2% | -28.1% | 3.3% | 16.2% | 51.2% | — |
| Earnings growth | -91.7% | 38.0% | -2705.4% | -38.3% | 29.1% | 1.3% | — |
| Current ratio | 1.07x | 0.99x | 1.35x | 1.32x | 1.26x | 1.52x | — |
| Debt to equity | 1.60x | 2.74x | 2.15x | 1.50x | 1.18x | 0.92x | — |
| Equity ratio | 13.2% | 13.4% | 22.5% | 28.4% | 29.9% | 33.9% | — |
| Interest coverage | — | -5.34x | -4.68x | 0.56x | 0.13x | 1.00x | 0.08x |
| R&D as a share of sales | 2.8% | 4.4% | 2.7% | 2.3% | 2.2% | 2.4% | — |
| Buybacks as a share of market value | 0.5% | -0.5% | 0.0% | -0.6% | 6.3% | -18.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.6% | -13.2% | 7.0% |
| Net income | — | — | -16.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.8% | 6.6% | 7.6% | 6.5% |
| Net margin | -15.3% | -9.9% | -5.7% | -8.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -88.0 | -5.4 | -7.3 | 193.3 | 140.9 | 166.7 | 138.9 | 142.1 | 296.6 | -6.2 |
| Price to sales | 2.8 | 1.2 | 1.1 | 0.8 | 1.0 | 1.1 | 1.4 | 1.7 | 2.4 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jul 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.001 | 0.001 | 0.006 | 0.021 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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