B 
1.57
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¥6.06bn
FY2016FY2025
Net income
−CN¥2.99bn
FY2016FY2025
Free cash flow
CN¥1.06bn
FY2016FY2025
Shareholders' equity
CN¥6.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.06bn | CN¥7.15bn | CN¥15.75bn | CN¥12.99bn | CN¥22.09bn | CN¥18.00bn | CN¥20.12bn | CN¥17.86bn | CN¥15.46bn | CN¥9.83bn |
| Gross profit | CN¥1.98bn | CN¥1.87bn | CN¥4.31bn | CN¥2.67bn | CN¥4.54bn | CN¥4.31bn | CN¥7.22bn | CN¥5.98bn | CN¥5.08bn | CN¥3.13bn |
| Research and development | CN¥13.4m | CN¥13.1m | — | — | — | — | — | — | — | — |
| Operating income | CN¥207.4m | −CN¥3.20bn | CN¥1.31bn | CN¥667.5m | −CN¥18.48bn | CN¥2.52bn | CN¥4.11bn | CN¥2.81bn | CN¥1.86bn | −CN¥6.61bn |
| Net income | −CN¥2.99bn | −CN¥2.83bn | CN¥68.1m | −CN¥1.65bn | CN¥99.2m | CN¥576.0m | CN¥1.65bn | CN¥1.19bn | CN¥1.14bn | CN¥600.6m |
| Diluted earnings per share | -0.89 | -0.84 | 0.02 | -0.49 | 0.03 | 0.21 | 0.45 | 0.35 | 0.32 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥43.17bn | CN¥48.84bn | CN¥56.23bn | CN¥67.28bn | CN¥79.70bn | CN¥86.44bn | CN¥93.81bn | CN¥91.89bn | CN¥79.98bn | CN¥64.34bn |
| Cash and short-term investments | — | CN¥7.91bn | CN¥9.44bn | CN¥9.64bn | CN¥14.72bn | CN¥13.05bn | CN¥14.81bn | CN¥13.76bn | CN¥10.89bn | CN¥8.08bn |
| Total liabilities | CN¥34.01bn | CN¥37.07bn | CN¥40.70bn | CN¥51.32bn | CN¥60.40bn | CN¥66.71bn | CN¥73.74bn | CN¥75.05bn | CN¥66.62bn | CN¥52.09bn |
| Debt | CN¥15.64bn | CN¥15.65bn | CN¥26.75bn | CN¥26.57bn | CN¥31.52bn | CN¥31.99bn | CN¥33.69bn | CN¥29.13bn | CN¥32.82bn | CN¥24.51bn |
| Shareholders' equity | CN¥6.70bn | CN¥9.70bn | CN¥12.85bn | CN¥12.79bn | CN¥15.46bn | CN¥17.05bn | CN¥17.37bn | CN¥15.22bn | CN¥12.60bn | CN¥11.66bn |
| Shares outstanding | 3,367m | 3,366m | 3,367m | 3,367m | 3,594m | 2,707m | 3,655m | 3,417m | 3,539m | 2,819m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.13bn | CN¥973.6m | CN¥1.39bn | CN¥4.00bn | CN¥6.94bn | CN¥251.5m | CN¥120.9m | CN¥2.53bn | −CN¥1.63bn | CN¥2.06bn |
| Capital spending | −CN¥64.2m | −CN¥141.3m | −CN¥205.1m | −CN¥249.3m | −CN¥989.8m | −CN¥330.0m | −CN¥135.7m | −CN¥122.8m | −CN¥109.0m | −CN¥107.3m |
| Free cash flow | CN¥1.06bn | CN¥832.3m | CN¥1.18bn | CN¥3.75bn | CN¥5.95bn | −CN¥78.5m | −CN¥14.8m | CN¥2.41bn | −CN¥1.74bn | CN¥1.95bn |
| Dividends paid | −CN¥981.0m | −CN¥1.28bn | −CN¥1.35bn | −CN¥1.79bn | −CN¥101.0m | −CN¥505.1m | −CN¥404.0m | −CN¥2.32bn | −CN¥1.99bn | −CN¥2.04bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.76bn | CN¥1.28bn | CN¥1.69bn | CN¥1.27bn | CN¥1.82bn | CN¥1.20bn | CN¥2.42bn | CN¥1.30bn |
| Gross profit | CN¥338.0m | CN¥454.2m | CN¥908.5m | CN¥230.9m | CN¥456.5m | CN¥313.9m | CN¥482.2m | CN¥392.9m |
| Operating income | −CN¥45.1m | CN¥85.3m | CN¥180.4m | −CN¥341.6m | −CN¥1.21bn | −CN¥296.5m | −CN¥2.28bn | −CN¥172.7m |
| Net income | −CN¥729.3m | −CN¥150.9m | −CN¥814.3m | −CN¥588.3m | −CN¥1.29bn | −CN¥294.9m | −CN¥1.90bn | −CN¥189.8m |
| Diluted earnings per share | -0.22 | -0.04 | -0.24 | -0.17 | -0.38 | -0.09 | -0.56 | -0.06 |
| Cash from operations | — | — | — | CN¥692.0m | CN¥436.0m | −CN¥21.0m | CN¥469.0m | CN¥367.0m |
| Capital spending | −CN¥8.0m | −CN¥29.0m | −CN¥7.0m | −CN¥22.0m | −CN¥9.0m | −CN¥25.0m | −CN¥41.0m | −CN¥14.0m |
| Free cash flow | — | — | — | CN¥670.0m | CN¥427.0m | −CN¥46.0m | CN¥428.0m | CN¥353.0m |
| Total assets | CN¥41.88bn | CN¥42.62bn | CN¥43.17bn | CN¥44.73bn | CN¥45.62bn | CN¥47.30bn | CN¥48.84bn | CN¥52.63bn |
| Cash and short-term investments | — | — | — | CN¥7.19bn | CN¥7.44bn | CN¥6.97bn | CN¥7.91bn | CN¥8.28bn |
| Debt | CN¥17.57bn | CN¥18.66bn | CN¥15.64bn | CN¥6.95bn | CN¥16.82bn | CN¥15.15bn | CN¥15.65bn | CN¥11.45bn |
| Shareholders' equity | CN¥5.82bn | CN¥6.55bn | CN¥6.70bn | CN¥7.53bn | CN¥8.11bn | CN¥9.40bn | CN¥9.70bn | CN¥11.59bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.7% | 26.1% | 27.4% | 20.5% | 20.5% | 24.0% |
| Operating margin | -33.0% | -29.9% | 8.3% | -99.5% | -83.7% | -73.8% |
| Net margin | -49.3% | -39.5% | 0.4% | -12.7% | 0.4% | 3.2% |
| Return on equity | -44.6% | -29.2% | 0.5% | -12.9% | 0.6% | 3.4% |
| Return on assets | -6.9% | -5.8% | 0.1% | -2.5% | 0.1% | 0.7% |
| Free cash flow yield | 20.5% | 19.1% | 27.3% | 73.0% | 127.5% | 12.4% |
| Revenue growth | -15.3% | -54.6% | 21.3% | -41.2% | 22.8% | -10.6% |
| Earnings growth | 5.7% | -4254.1% | -104.1% | -1766.8% | -82.8% | -65.2% |
| Current ratio | 1.88x | 2.28x | 2.18x | 1.74x | 1.71x | 1.80x |
| Debt to equity | 2.33x | 2.36x | 1.85x | 2.08x | 2.04x | 1.88x |
| Equity ratio | 15.5% | 19.9% | 22.8% | 19.0% | 19.4% | 19.7% |
| Interest coverage | -2.17x | -2.10x | 1.44x | -14.30x | -26.83x | -28.47x |
| R&D as a share of sales | 0.2% | 0.2% | — | — | — | — |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 6.3% | -32.8% | 25.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.4% | -19.6% | -1.7% |
| Operating income | -32.3% | -39.3% | -13.3% |
| Net income | 21.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.1% | 25.8% | 24.0% | 29.0% |
| Operating margin | -22.6% | -2.4% | -20.7% | -9.2% |
| Net margin | -44.0% | -17.6% | -8.2% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.0 | -2.2 | 94.0 | -4.2 | 89.9 | 10.7 | 7.3 | 7.8 | 18.0 | 19.6 |
| Price to sales | 1.0 | 0.9 | 0.4 | 0.5 | 0.4 | 0.3 | 0.6 | 0.5 | 1.3 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.01 | 0.03 | 0.15 | 0.12 | 0.11 | 0.06 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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