Q 
2.88
-1.37%
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¥1.27bn
FY2016FY2025
Net income
−CN¥446.5m
FY2016FY2025
Free cash flow
−CN¥278.3m
FY2016FY2025
Shareholders' equity
CN¥4.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.27bn | CN¥1.42bn | CN¥2.63bn | CN¥3.74bn | CN¥3.81bn | CN¥3.07bn | CN¥3.17bn | CN¥3.33bn | CN¥2.80bn | CN¥2.34bn |
| Gross profit | CN¥100.5m | CN¥202.6m | CN¥595.5m | CN¥1.08bn | CN¥1.18bn | CN¥1.09bn | CN¥1.27bn | CN¥1.26bn | CN¥1.16bn | CN¥1.04bn |
| Research and development | CN¥69.2m | CN¥88.5m | CN¥132.6m | CN¥166.2m | CN¥156.6m | CN¥133.9m | CN¥143.4m | CN¥139.8m | CN¥128.9m | CN¥131.0m |
| Operating income | −CN¥228.8m | −CN¥550.0m | CN¥12.9m | CN¥411.6m | CN¥936.2m | CN¥616.0m | CN¥544.2m | CN¥900.4m | CN¥767.9m | CN¥602.9m |
| Net income | −CN¥446.5m | −CN¥489.5m | CN¥150.5m | CN¥289.3m | CN¥785.1m | CN¥547.5m | CN¥411.9m | CN¥747.9m | CN¥652.1m | CN¥566.7m |
| Diluted earnings per share | -0.24 | -0.27 | 0.08 | 0.16 | 0.52 | 0.43 | 0.30 | 0.56 | 0.51 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.15bn | CN¥6.75bn | CN¥7.41bn | CN¥8.16bn | CN¥8.04bn | CN¥6.42bn | CN¥6.14bn | CN¥5.91bn | CN¥5.69bn | CN¥5.82bn |
| Cash and short-term investments | — | CN¥2.01bn | CN¥2.28bn | CN¥1.92bn | CN¥2.40bn | CN¥1.14bn | CN¥1.02bn | CN¥851.0m | CN¥879.8m | CN¥879.6m |
| Total liabilities | CN¥1.27bn | CN¥1.37bn | CN¥1.35bn | CN¥2.16bn | CN¥1.83bn | CN¥1.79bn | CN¥1.89bn | CN¥1.59bn | CN¥1.64bn | CN¥2.16bn |
| Debt | CN¥145.4m | CN¥304.1m | CN¥405.7m | CN¥427.1m | CN¥344.5m | CN¥371.7m | CN¥761.7m | CN¥404.0m | CN¥445.1m | CN¥1.02bn |
| Shareholders' equity | CN¥4.92bn | CN¥5.24bn | CN¥5.71bn | CN¥5.57bn | CN¥5.98bn | CN¥4.41bn | CN¥4.07bn | CN¥4.17bn | CN¥3.85bn | CN¥3.48bn |
| Shares outstanding | 1,864m | 1,813m | 1,843m | 1,843m | 1,515m | 1,281m | 1,353m | 1,340m | 1,291m | 1,365m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥49.8m | CN¥33.5m | CN¥7.9m | CN¥687.8m | CN¥691.0m | CN¥1.25bn | CN¥731.8m | CN¥661.0m | CN¥1.19bn | CN¥533.3m |
| Capital spending | −CN¥228.5m | −CN¥496.3m | −CN¥430.9m | −CN¥229.7m | −CN¥144.1m | −CN¥201.6m | −CN¥90.3m | −CN¥117.5m | −CN¥153.4m | −CN¥168.9m |
| Free cash flow | −CN¥278.3m | −CN¥462.7m | −CN¥423.1m | CN¥458.1m | CN¥547.0m | CN¥1.04bn | CN¥641.5m | CN¥543.5m | CN¥1.04bn | CN¥364.4m |
| Dividends paid | −CN¥9.5m | −CN¥54.7m | −CN¥7.2m | −CN¥691.1m | −CN¥400.3m | −CN¥200.2m | −CN¥556.0m | −CN¥276.9m | −CN¥375.7m | −CN¥730.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥389.7m | CN¥355.2m | CN¥353.8m | CN¥312.0m | CN¥308.3m | CN¥295.7m | CN¥376.9m | CN¥358.0m |
| Gross profit | CN¥59.0m | CN¥45.0m | −CN¥22.6m | CN¥41.8m | CN¥23.0m | CN¥47.1m | −CN¥17.8m | CN¥74.3m |
| Operating income | −CN¥19.3m | −CN¥26.8m | −CN¥101.1m | −CN¥62.5m | −CN¥70.5m | −CN¥21.6m | −CN¥299.9m | −CN¥95.5m |
| Net income | −CN¥47.7m | −CN¥10.6m | −CN¥351.0m | −CN¥34.2m | −CN¥51.5m | −CN¥9.9m | −CN¥299.1m | −CN¥60.3m |
| Diluted earnings per share | -0.03 | -0.01 | -0.19 | -0.02 | -0.03 | -0.01 | -0.17 | -0.03 |
| Cash from operations | — | — | — | −CN¥19.0m | −CN¥12.0m | −CN¥4.0m | CN¥26.0m | CN¥548.0m |
| Capital spending | −CN¥21.0m | −CN¥28.0m | −CN¥58.0m | −CN¥36.0m | −CN¥33.0m | −CN¥100.0m | −CN¥72.0m | −CN¥99.0m |
| Free cash flow | — | — | — | −CN¥55.0m | −CN¥45.0m | −CN¥104.0m | −CN¥46.0m | CN¥449.0m |
| Total assets | CN¥6.01bn | CN¥6.11bn | CN¥6.15bn | CN¥6.54bn | CN¥6.67bn | CN¥6.73bn | CN¥6.75bn | CN¥6.91bn |
| Cash and short-term investments | — | — | — | CN¥2.25bn | CN¥2.35bn | CN¥2.26bn | CN¥2.01bn | CN¥1.93bn |
| Debt | CN¥137.4m | CN¥137.4m | CN¥145.4m | CN¥483.1m | CN¥320.2m | CN¥289.9m | CN¥241.6m | CN¥469.5m |
| Shareholders' equity | CN¥4.81bn | CN¥4.90bn | CN¥4.92bn | CN¥5.08bn | CN¥5.16bn | CN¥5.22bn | CN¥5.24bn | CN¥5.46bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -30.3% | -16.2% | -5.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.3% | 21.8% | 26.6% | 33.8% |
| Operating margin | -28.9% | -3.9% | 7.5% | 16.5% |
| Net margin | -34.7% | -5.5% | 5.2% | 13.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.9 | -14.7 | 49.5 | 27.4 | 13.1 | 11.0 | 18.5 | 8.8 | 13.5 | 20.0 |
| Price to sales | 6.3 | 5.1 | 2.8 | 2.1 | 2.7 | 2.0 | 2.4 | 2.0 | 3.1 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.45 | 0.25 | 0.125 | 0.347 | 0.16 | 0.215 | 0.375 |
- 6-for-5 split · 23 May 2022
- 6-for-5 split · 23 Apr 2019
- 2-for-1 split · 23 Jun 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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