C 
6.98
-4.12%
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¥10.00bn
FY2016FY2025
Net income
CN¥84.4m
FY2016FY2025
Free cash flow
CN¥1.59bn
FY2016FY2025
Shareholders' equity
CN¥10.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.00bn | CN¥7.04bn | CN¥6.77bn | CN¥8.65bn | CN¥3.98bn | CN¥3.64bn | CN¥7.45bn | CN¥11.01bn | CN¥12.60bn | CN¥11.05bn |
| Research and development | CN¥821.8m | CN¥406.6m | CN¥214.8m | CN¥90.7m | CN¥120.2m | CN¥253.0m | CN¥398.4m | CN¥188.4m | CN¥161.0m | CN¥965.5m |
| Operating income | −CN¥230.1m | −CN¥576.4m | −CN¥749.3m | CN¥243.1m | CN¥109.8m | CN¥800.9m | −CN¥2.48bn | −CN¥1.19bn | −CN¥10.2m | CN¥11.2m |
| Net income | CN¥84.4m | CN¥40.0m | CN¥24.2m | CN¥154.7m | CN¥55.6m | CN¥58.1m | −CN¥4.68bn | CN¥253.0m | CN¥170.5m | CN¥82.6m |
| Diluted earnings per share | 0.02 | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | -1.03 | 0.05 | 0.03 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥29.57bn | CN¥21.71bn | CN¥21.80bn | CN¥20.64bn | CN¥17.63bn | CN¥17.94bn | CN¥19.41bn | CN¥27.90bn | CN¥30.02bn | CN¥29.38bn |
| Cash and short-term investments | — | CN¥3.68bn | CN¥3.42bn | CN¥2.72bn | CN¥2.76bn | CN¥2.46bn | CN¥2.04bn | CN¥5.40bn | CN¥6.76bn | CN¥7.39bn |
| Total liabilities | CN¥12.16bn | CN¥10.05bn | CN¥9.84bn | CN¥8.97bn | CN¥6.33bn | CN¥6.73bn | CN¥16.57bn | CN¥20.35bn | CN¥22.73bn | CN¥22.55bn |
| Debt | — | CN¥2.15bn | CN¥3.04bn | CN¥3.41bn | CN¥3.67bn | CN¥4.34bn | CN¥10.97bn | CN¥13.84bn | CN¥16.36bn | CN¥18.22bn |
| Shareholders' equity | CN¥10.29bn | CN¥10.51bn | CN¥10.44bn | CN¥10.23bn | CN¥10.17bn | CN¥10.08bn | CN¥2.74bn | CN¥7.45bn | CN¥7.19bn | CN¥6.73bn |
| Shares outstanding | 4,512m | 4,002m | 4,572m | 5,157m | 4,532m | 4,580m | 4,540m | 4,860m | 4,973m | 4,390m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.13bn | CN¥525.2m | −CN¥80.4m | −CN¥255.2m | CN¥375.5m | CN¥234.6m | −CN¥1.13bn | CN¥57.0m | −CN¥330.4m | −CN¥893.5m |
| Capital spending | −CN¥544.5m | −CN¥397.5m | −CN¥466.6m | −CN¥225.3m | −CN¥51.8m | −CN¥90.3m | −CN¥310.6m | −CN¥683.3m | −CN¥735.2m | −CN¥350.1m |
| Free cash flow | CN¥1.59bn | CN¥127.7m | −CN¥547.1m | −CN¥480.5m | CN¥323.7m | CN¥144.4m | −CN¥1.44bn | −CN¥626.3m | −CN¥1.07bn | −CN¥1.24bn |
| Dividends paid | −CN¥66.4m | −CN¥93.3m | −CN¥125.5m | −CN¥112.8m | −CN¥158.2m | −CN¥172.6m | −CN¥506.1m | −CN¥792.0m | −CN¥690.5m | −CN¥746.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.76bn | CN¥2.36bn | CN¥3.05bn | CN¥2.76bn | CN¥2.38bn | CN¥1.81bn | CN¥2.22bn | CN¥1.83bn |
| Operating income | CN¥1.8m | −CN¥154.9m | CN¥91.6m | −CN¥250.3m | CN¥59.1m | CN¥5.2m | −CN¥87.8m | −CN¥16.8m |
| Net income | CN¥29.9m | CN¥48.4m | CN¥31.1m | CN¥22.1m | CN¥11.1m | CN¥20.0m | CN¥69,849 | CN¥13.8m |
| Diluted earnings per share | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | — | CN¥1.19bn | CN¥1.27bn | CN¥39.0m | −CN¥15.0m | CN¥389.0m |
| Capital spending | −CN¥372.0m | −CN¥209.0m | −CN¥351.0m | −CN¥82.0m | −CN¥50.0m | −CN¥60.0m | −CN¥89.0m | −CN¥86.0m |
| Free cash flow | — | — | — | CN¥1.11bn | CN¥1.23bn | −CN¥21.0m | −CN¥104.0m | CN¥303.0m |
| Total assets | CN¥28.49bn | CN¥28.13bn | CN¥29.57bn | CN¥24.22bn | CN¥22.40bn | CN¥21.18bn | CN¥21.71bn | CN¥20.86bn |
| Cash and short-term investments | — | — | — | CN¥3.74bn | CN¥3.24bn | CN¥3.22bn | CN¥3.68bn | CN¥3.24bn |
| Debt | CN¥140.7m | CN¥875.7m | CN¥927.0m | CN¥5.12bn | CN¥1.25bn | CN¥1.40bn | CN¥1.44bn | CN¥1.53bn |
| Shareholders' equity | CN¥10.33bn | CN¥10.35bn | CN¥10.29bn | CN¥10.45bn | CN¥10.55bn | CN¥10.59bn | CN¥10.51bn | CN¥10.45bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -2.3% | -8.2% | -11.1% | 2.8% | 2.8% | 22.0% |
| Net margin | 0.8% | 0.6% | 0.4% | 1.8% | 1.4% | 1.6% |
| Return on equity | 0.8% | 0.4% | 0.2% | 1.5% | 0.5% | 0.6% |
| Return on assets | 0.3% | 0.2% | 0.1% | 0.7% | 0.3% | 0.3% |
| Free cash flow yield | 7.5% | 2.9% | 1.1% | -0.1% | 1.2% | 0.9% |
| Revenue growth | 42.1% | 3.9% | -21.8% | 117.6% | 9.4% | -51.2% |
| Earnings growth | 110.9% | 65.3% | -84.3% | 178.0% | -4.2% | -101.2% |
| Current ratio | 0.91x | 0.95x | 1.11x | 1.50x | 2.23x | 3.09x |
| Debt to equity | 0.09x | 0.14x | 0.16x | 0.22x | 0.26x | 0.37x |
| Equity ratio | 34.8% | 48.4% | 47.9% | 49.5% | 57.7% | 56.2% |
| Interest coverage | -3.18x | -5.95x | -5.92x | 1.76x | 0.65x | 0.87x |
| R&D as a share of sales | 8.2% | 5.8% | 3.2% | 1.0% | 3.0% | 7.0% |
| Buybacks as a share of market value | -12.8% | 12.5% | 11.4% | -13.8% | 1.0% | -0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | 22.4% | -2.1% |
| Net income | -18.3% | 7.8% | -13.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.7% | -4.0% | -1.0% | -4.0% |
| Net margin | 0.7% | 0.9% | 1.0% | -3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | — | — | 128.7 | — | 372.8 | -3.0 | 73.2 | 211.4 | — |
| Price to sales | 4.8 | 4.3 | 2.4 | 2.3 | 7.0 | 6.0 | 1.9 | 1.7 | 2.9 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2017.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.10 | 0.20 | 0.25 | 0.20 | 0.20 | 0.35 |
- 1-to-1 reverse split · 23 Dec 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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