Y 
3.26
-1.21%
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¥4.73bn
FY2016FY2025
Net income
CN¥223.5m
FY2016FY2025
Free cash flow
−CN¥615.3m
FY2016FY2025
Shareholders' equity
CN¥4.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.73bn | CN¥7.52bn | CN¥8.72bn | CN¥7.27bn | CN¥8.65bn | CN¥9.76bn | CN¥8.56bn | CN¥6.60bn | CN¥2.83bn | CN¥2.14bn |
| Research and development | CN¥169.6m | CN¥186.2m | CN¥150.0m | CN¥139.4m | CN¥108.3m | CN¥95.0m | CN¥109.3m | CN¥109.0m | CN¥74.0m | CN¥65.1m |
| Operating income | CN¥256.9m | CN¥421.0m | CN¥180.0m | CN¥216.9m | −CN¥698.2m | −CN¥137.3m | −CN¥1.26bn | CN¥358.9m | CN¥126.2m | CN¥79.7m |
| Net income | CN¥223.5m | CN¥488.7m | CN¥159.6m | CN¥434.3m | −CN¥607.2m | −CN¥196.7m | −CN¥1.33bn | CN¥261.0m | CN¥93.7m | CN¥72.7m |
| Diluted earnings per share | 0.20 | 0.45 | 0.13 | 0.36 | -0.50 | -0.14 | -1.22 | 0.24 | 0.10 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.31bn | CN¥5.92bn | CN¥6.33bn | CN¥5.60bn | CN¥6.07bn | CN¥7.28bn | CN¥7.75bn | CN¥9.65bn | CN¥4.81bn | CN¥4.44bn |
| Cash and short-term investments | — | CN¥1.12bn | CN¥1.19bn | CN¥823.2m | CN¥715.3m | CN¥969.8m | CN¥931.2m | CN¥1.71bn | CN¥1.24bn | CN¥1.09bn |
| Total liabilities | CN¥2.28bn | CN¥2.12bn | CN¥3.01bn | CN¥1.65bn | CN¥2.32bn | CN¥2.92bn | CN¥3.20bn | CN¥3.84bn | CN¥1.92bn | CN¥1.62bn |
| Debt | CN¥487.5m | CN¥271.9m | CN¥578.4m | CN¥525.8m | CN¥1.23bn | CN¥1.33bn | CN¥1.53bn | CN¥1.50bn | CN¥713.0m | CN¥835.0m |
| Shareholders' equity | CN¥4.04bn | CN¥3.79bn | CN¥3.30bn | CN¥3.91bn | CN¥3.63bn | CN¥4.23bn | CN¥4.42bn | CN¥5.71bn | CN¥2.81bn | CN¥2.75bn |
| Shares outstanding | 1,130m | 1,088m | 1,254m | 1,190m | 1,203m | 1,357m | 1,087m | 1,087m | 919m | 364m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥168.1m | CN¥837.8m | CN¥777.8m | CN¥276.9m | CN¥335.4m | CN¥572.5m | CN¥410.6m | CN¥323.5m | CN¥186.0m | CN¥265.3m |
| Capital spending | −CN¥783.4m | −CN¥435.7m | −CN¥88.9m | −CN¥136.4m | −CN¥159.6m | −CN¥164.2m | −CN¥240.5m | −CN¥1.09bn | −CN¥182.3m | −CN¥166.7m |
| Free cash flow | −CN¥615.3m | CN¥402.1m | CN¥688.9m | CN¥140.5m | CN¥175.7m | CN¥408.2m | CN¥170.0m | −CN¥769.3m | CN¥3.6m | CN¥98.6m |
| Dividends paid | −CN¥18.0m | −CN¥84.7m | −CN¥37.0m | −CN¥35.3m | −CN¥59.3m | −CN¥60.8m | −CN¥81.3m | −CN¥57.8m | −CN¥83.7m | −CN¥87.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.30bn | CN¥1.14bn | CN¥1.16bn | CN¥1.15bn | CN¥1.25bn | CN¥1.16bn | CN¥1.53bn | CN¥1.55bn |
| Operating income | CN¥36.7m | CN¥3.3m | CN¥29.1m | CN¥29.0m | CN¥76.5m | CN¥112.7m | CN¥96.2m | CN¥119.6m |
| Net income | CN¥39.4m | CN¥8.7m | CN¥35.8m | CN¥34.9m | CN¥58.3m | CN¥94.5m | CN¥164.4m | CN¥161.5m |
| Diluted earnings per share | 0.03 | 0.01 | 0.03 | 0.03 | 0.05 | 0.08 | 0.15 | 0.15 |
| Cash from operations | — | — | — | CN¥23.0m | CN¥115.0m | CN¥30.0m | — | CN¥213.0m |
| Capital spending | −CN¥173.0m | −CN¥135.0m | −CN¥31.0m | −CN¥55.0m | −CN¥403.0m | −CN¥293.0m | −CN¥213.0m | −CN¥60.0m |
| Free cash flow | — | — | — | −CN¥32.0m | −CN¥288.0m | −CN¥263.0m | — | CN¥153.0m |
| Total assets | CN¥7.05bn | CN¥6.47bn | CN¥6.31bn | CN¥6.38bn | CN¥6.33bn | CN¥6.32bn | CN¥5.92bn | CN¥5.66bn |
| Cash and short-term investments | — | — | — | CN¥820.6m | CN¥883.9m | CN¥1.25bn | CN¥1.12bn | CN¥911.4m |
| Debt | CN¥216.1m | CN¥533.4m | CN¥487.5m | CN¥1.02bn | CN¥581.6m | CN¥485.5m | CN¥128.5m | CN¥141.6m |
| Shareholders' equity | CN¥4.79bn | CN¥4.05bn | CN¥4.04bn | CN¥3.97bn | CN¥3.94bn | CN¥3.88bn | CN¥3.79bn | CN¥3.62bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.6% | 5.6% | 2.3% | 5.6% | -5.9% | -0.9% |
| Net margin | 4.7% | 6.5% | 1.8% | 6.0% | -7.0% | -2.0% |
| Return on equity | 5.5% | 12.9% | 4.8% | 11.1% | -16.7% | -4.6% |
| Return on assets | 3.5% | 8.3% | 2.5% | 7.8% | -10.0% | -2.7% |
| Free cash flow yield | 24.6% | 34.2% | 20.2% | 10.2% | 12.0% | 15.9% |
| Revenue growth | -37.2% | -13.7% | 19.9% | -16.0% | -11.4% | 14.0% |
| Earnings growth | -54.3% | 206.3% | -63.3% | -171.5% | 208.8% | -85.2% |
| Current ratio | 1.83x | 1.72x | 1.72x | 2.30x | 1.37x | 1.84x |
| Debt to equity | 0.12x | 0.03x | 0.25x | 0.12x | 0.18x | 0.27x |
| Equity ratio | 63.9% | 64.0% | 52.1% | 69.7% | 59.8% | 58.2% |
| Interest coverage | 291.02x | 28.49x | 8.37x | 12.17x | -9.00x | -1.61x |
| R&D as a share of sales | 3.6% | 2.5% | 1.7% | 1.9% | 1.3% | 1.0% |
| Buybacks as a share of market value | -3.8% | 13.2% | -5.4% | 1.1% | 11.4% | -24.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.4% | -13.5% | 11.5% |
| Operating income | 5.8% | — | 11.6% |
| Net income | -19.9% | — | 8.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.5% | 3.8% | 0.5% | -0.5% |
| Net margin | 5.8% | 4.6% | 1.1% | -0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.7 | 8.7 | 27.0 | 10.1 | -8.0 | -19.6 | -2.8 | 33.8 | 140.3 | 52.9 |
| Price to sales | 1.1 | 0.6 | 0.5 | 0.6 | 0.6 | 0.4 | 0.4 | 1.3 | 4.6 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2019.
| FY2019 | FY2017 | FY2016 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.05 | 0.05 | 0.05 | 0.05 | 0.075 |
- 2-for-1 split · 5 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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