L 
3.74
+1.91%
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¥6.77bn
FY2016FY2025
Net income
−CN¥321.9m
FY2016FY2025
Free cash flow
CN¥838.9m
FY2016FY2025
Shareholders' equity
CN¥4.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.77bn | CN¥7.44bn | CN¥7.70bn | CN¥7.86bn | CN¥8.08bn | CN¥8.39bn | CN¥12.44bn | CN¥11.42bn | CN¥10.55bn | CN¥10.29bn |
| Gross profit | CN¥2.08bn | CN¥2.42bn | CN¥2.48bn | CN¥2.30bn | CN¥2.33bn | CN¥2.25bn | CN¥2.84bn | CN¥2.46bn | CN¥2.04bn | CN¥1.90bn |
| Operating income | CN¥95.6m | CN¥96.0m | CN¥208.6m | −CN¥94.0m | CN¥259.7m | CN¥356.9m | CN¥588.8m | CN¥464.9m | CN¥608.4m | CN¥625.5m |
| Net income | −CN¥321.9m | CN¥27.2m | CN¥29.8m | −CN¥172.8m | CN¥80.2m | CN¥142.9m | CN¥267.3m | CN¥202.1m | CN¥394.5m | CN¥361.9m |
| Diluted earnings per share | -0.16 | 0.01 | 0.01 | -0.21 | 0.30 | 0.12 | 0.31 | 0.21 | 0.45 | 0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.72bn | CN¥16.22bn | CN¥16.60bn | CN¥17.47bn | CN¥16.95bn | CN¥13.10bn | CN¥12.04bn | CN¥12.86bn | CN¥7.82bn | CN¥7.06bn |
| Cash and short-term investments | — | CN¥923.6m | CN¥713.6m | CN¥726.3m | CN¥744.6m | CN¥876.5m | CN¥416.8m | CN¥2.22bn | CN¥543.0m | CN¥674.0m |
| Total liabilities | CN¥10.69bn | CN¥11.88bn | CN¥12.37bn | CN¥13.22bn | CN¥12.43bn | CN¥8.33bn | CN¥7.35bn | CN¥8.29bn | CN¥3.28bn | CN¥4.33bn |
| Debt | CN¥109.3m | CN¥7.42bn | CN¥7.60bn | CN¥8.33bn | CN¥7.69bn | CN¥4.27bn | CN¥2.78bn | CN¥1.93bn | CN¥844.6m | CN¥1.96bn |
| Shareholders' equity | CN¥4.02bn | CN¥4.32bn | CN¥4.20bn | CN¥4.22bn | CN¥4.48bn | CN¥4.76bn | CN¥4.68bn | CN¥4.57bn | CN¥4.54bn | CN¥2.73bn |
| Shares outstanding | 1,954m | 1,928m | 2,828m | 806m | 270m | 1,179m | 865m | 968m | 871m | 677m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.06bn | CN¥833.5m | CN¥1.34bn | CN¥574.4m | CN¥629.1m | CN¥573.6m | CN¥322.2m | CN¥21.3m | CN¥937.4m | CN¥926.0m |
| Capital spending | −CN¥218.9m | −CN¥231.7m | −CN¥381.8m | −CN¥726.7m | −CN¥955.0m | −CN¥1.26bn | −CN¥783.1m | −CN¥604.2m | −CN¥760.6m | −CN¥208.3m |
| Free cash flow | CN¥838.9m | CN¥601.8m | CN¥956.1m | −CN¥152.2m | −CN¥325.9m | −CN¥686.2m | −CN¥460.9m | −CN¥582.8m | CN¥176.8m | CN¥717.7m |
| Dividends paid | −CN¥167.0m | −CN¥201.2m | −CN¥85.0m | −CN¥127.5m | −CN¥129.9m | −CN¥215.4m | −CN¥262.1m | −CN¥231.6m | −CN¥143.2m | −CN¥202.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.15bn | CN¥1.67bn | CN¥1.40bn | CN¥1.65bn | CN¥1.57bn | CN¥2.14bn | CN¥1.80bn | CN¥1.80bn |
| Gross profit | CN¥394.6m | CN¥564.1m | CN¥342.7m | CN¥602.6m | CN¥488.1m | CN¥642.4m | CN¥596.4m | CN¥638.3m |
| Operating income | −CN¥6.5m | CN¥103.3m | −CN¥142.2m | CN¥82.9m | CN¥6.0m | CN¥93.5m | CN¥45.7m | CN¥8.4m |
| Net income | −CN¥52.5m | CN¥6.7m | −CN¥335.7m | CN¥6.3m | CN¥2.3m | CN¥5.1m | CN¥1.4m | CN¥4.1m |
| Diluted earnings per share | -0.03 | 0.00 | -0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | — | CN¥640.0m | −CN¥31.0m | CN¥325.0m | — | CN¥634.0m |
| Capital spending | −CN¥29.0m | −CN¥12.0m | −CN¥70.0m | −CN¥22.0m | −CN¥67.0m | −CN¥58.0m | −CN¥46.0m | −CN¥44.0m |
| Free cash flow | — | — | — | CN¥618.0m | −CN¥98.0m | CN¥267.0m | — | CN¥590.0m |
| Total assets | CN¥13.73bn | CN¥14.51bn | CN¥14.72bn | CN¥15.50bn | CN¥15.15bn | CN¥15.66bn | CN¥16.22bn | CN¥16.40bn |
| Cash and short-term investments | — | — | — | CN¥1.23bn | CN¥752.5m | CN¥907.3m | CN¥923.6m | CN¥1.16bn |
| Debt | CN¥80.7m | CN¥109.3m | CN¥109.3m | CN¥6.35bn | CN¥4.53bn | CN¥5.62bn | CN¥5.63bn | CN¥5.77bn |
| Shareholders' equity | CN¥4.22bn | CN¥4.37bn | CN¥4.02bn | CN¥4.12bn | CN¥4.19bn | CN¥4.21bn | CN¥4.32bn | CN¥4.23bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.7% | 32.5% | 32.2% | 29.2% | 28.8% | 26.8% |
| Operating margin | -1.5% | 5.8% | 3.4% | 0.4% | 6.7% | 4.3% |
| Net margin | -4.8% | 0.4% | 0.4% | -2.2% | 1.0% | 1.7% |
| Return on equity | -8.0% | 0.6% | 0.7% | -4.1% | 1.8% | 3.0% |
| Return on assets | -2.2% | 0.2% | 0.2% | -1.0% | 0.5% | 1.1% |
| Free cash flow yield | 18.8% | 15.9% | 17.5% | 46.5% | 169.0% | 44.8% |
| Revenue growth | -9.0% | -3.4% | -2.0% | -2.8% | -3.6% | -32.6% |
| Earnings growth | -1281.9% | -8.5% | -117.2% | -315.5% | -43.9% | -46.5% |
| Current ratio | 0.49x | 0.61x | 0.59x | 0.56x | 0.57x | 0.64x |
| Debt to equity | 0.03x | 1.30x | 1.32x | 1.34x | 1.26x | 1.00x |
| Equity ratio | 27.3% | 26.6% | 25.3% | 24.1% | 26.4% | 36.3% |
| Interest coverage | -0.49x | 1.22x | 1.41x | 0.09x | 1.87x | 2.52x |
| Buybacks as a share of market value | -1.4% | 31.9% | -251.1% | -198.3% | 77.1% | -36.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.9% | -4.2% | -4.4% |
| Operating income | — | -23.2% | -14.4% |
| Net income | 23.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.6% | 31.1% | 29.9% | 24.7% |
| Operating margin | 1.3% | 1.0% | 2.0% | 3.6% |
| Net margin | -2.1% | -1.5% | -0.5% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -29.6 | 358.1 | — | -29.2 | 20.8 | 57.4 | 18.2 | 31.0 | 23.2 |
| Price to sales | 1.4 | 1.3 | 2.0 | 0.6 | 0.2 | 1.0 | 0.4 | 0.6 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 9 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.02 | 0.03 | 0.10 | 0.15 | 0.15 | 0.20 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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