J 
2.40
+0.42%
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¥1.98bn
FY2016FY2025
Net income
−CN¥459.6m
FY2016FY2025
Free cash flow
CN¥56.8m
FY2016FY2025
Shareholders' equity
CN¥4.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.98bn | CN¥1.98bn | CN¥1.84bn | CN¥1.81bn | CN¥2.08bn | CN¥1.97bn | CN¥1.93bn | CN¥2.01bn | CN¥2.05bn | CN¥2.21bn |
| Research and development | CN¥123.7m | CN¥135.3m | CN¥72.4m | CN¥66.8m | CN¥62.1m | CN¥65.0m | CN¥58.8m | CN¥101.1m | CN¥100.5m | CN¥101.5m |
| Operating income | −CN¥280.8m | CN¥492.5m | CN¥640.5m | −CN¥444.4m | CN¥104.7m | −CN¥68.0m | CN¥88.7m | CN¥211.2m | CN¥343.2m | CN¥370.1m |
| Net income | −CN¥459.6m | −CN¥464.8m | −CN¥642.9m | −CN¥424.2m | CN¥26.6m | CN¥64.8m | CN¥100.4m | CN¥304.5m | CN¥375.4m | CN¥372.9m |
| Diluted earnings per share | -0.13 | -0.14 | -0.18 | -0.13 | 0.01 | 0.02 | 0.03 | 0.10 | 0.12 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥12.02bn | CN¥13.07bn | CN¥14.44bn | CN¥14.69bn | CN¥15.18bn | CN¥14.18bn | CN¥14.17bn | CN¥13.39bn | CN¥11.58bn | CN¥9.84bn |
| Cash and short-term investments | — | CN¥310.3m | CN¥577.1m | CN¥389.9m | CN¥1.16bn | CN¥561.0m | CN¥1.23bn | CN¥927.1m | CN¥805.4m | CN¥978.0m |
| Total liabilities | CN¥7.21bn | CN¥7.67bn | CN¥7.83bn | CN¥7.67bn | CN¥8.16bn | CN¥7.19bn | CN¥7.14bn | CN¥6.18bn | CN¥4.95bn | CN¥3.48bn |
| Debt | CN¥3.03bn | CN¥4.33bn | CN¥4.73bn | CN¥4.86bn | CN¥5.51bn | CN¥4.46bn | CN¥3.79bn | CN¥2.45bn | CN¥1.40bn | CN¥1.20bn |
| Shareholders' equity | CN¥4.78bn | CN¥5.37bn | CN¥6.58bn | CN¥6.96bn | CN¥6.97bn | CN¥6.93bn | CN¥6.96bn | CN¥7.16bn | CN¥6.58bn | CN¥6.32bn |
| Shares outstanding | 3,439m | 3,439m | 3,490m | 3,301m | 3,140m | 3,010m | 3,069m | 3,102m | 3,110m | 3,117m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥431.7m | CN¥315.0m | CN¥450.1m | CN¥685.1m | CN¥912.7m | CN¥710.6m | CN¥606.0m | CN¥719.5m | CN¥713.2m | CN¥1.06bn |
| Capital spending | −CN¥374.9m | −CN¥414.6m | −CN¥430.8m | −CN¥833.6m | −CN¥905.5m | −CN¥1.39bn | −CN¥1.56bn | −CN¥1.50bn | −CN¥1.30bn | −CN¥951.0m |
| Free cash flow | CN¥56.8m | −CN¥99.5m | CN¥19.3m | −CN¥148.5m | CN¥7.1m | −CN¥679.7m | −CN¥951.7m | −CN¥776.8m | −CN¥585.1m | CN¥112.0m |
| Dividends paid | −CN¥203.1m | −CN¥252.9m | −CN¥215.6m | −CN¥216.1m | −CN¥6.5m | −CN¥11.8m | −CN¥21.8m | −CN¥171.7m | −CN¥147.1m | −CN¥163.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥486.8m | CN¥527.6m | CN¥513.6m | CN¥472.2m | CN¥498.2m | CN¥499.0m | CN¥555.2m | CN¥624.5m |
| Operating income | −CN¥66.5m | −CN¥57.5m | −CN¥202.9m | −CN¥79.5m | −CN¥94.4m | −CN¥103.3m | CN¥813.5m | −CN¥90.1m |
| Net income | −CN¥120.4m | −CN¥100.1m | −CN¥113.2m | −CN¥114.3m | −CN¥129.2m | −CN¥103.0m | −CN¥155.2m | −CN¥82.7m |
| Diluted earnings per share | -0.04 | -0.03 | -0.03 | -0.03 | -0.04 | -0.03 | -0.05 | -0.02 |
| Cash from operations | — | — | — | CN¥123.0m | −CN¥93.0m | CN¥74.0m | — | CN¥66.0m |
| Capital spending | −CN¥36.0m | −CN¥57.0m | −CN¥104.0m | −CN¥86.0m | −CN¥15.0m | −CN¥168.0m | −CN¥116.0m | −CN¥129.0m |
| Free cash flow | — | — | — | CN¥37.0m | −CN¥108.0m | −CN¥94.0m | — | −CN¥63.0m |
| Total assets | CN¥11.75bn | CN¥12.55bn | CN¥12.02bn | CN¥12.65bn | CN¥12.66bn | CN¥12.73bn | CN¥13.07bn | CN¥13.20bn |
| Cash and short-term investments | — | — | — | CN¥202.9m | CN¥179.4m | CN¥115.5m | CN¥310.3m | CN¥247.6m |
| Debt | CN¥3.73bn | CN¥3.72bn | CN¥3.03bn | CN¥2.06bn | CN¥3.83bn | CN¥4.24bn | CN¥4.22bn | CN¥4.29bn |
| Shareholders' equity | CN¥4.56bn | CN¥4.68bn | CN¥4.78bn | CN¥5.00bn | CN¥5.12bn | CN¥5.25bn | CN¥5.37bn | CN¥5.56bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -14.4% | 24.9% | 34.9% | -24.5% | 5.0% | -3.4% |
| Net margin | -23.2% | -23.5% | -35.0% | -23.4% | 1.3% | 3.3% |
| Return on equity | -9.6% | -8.7% | -9.8% | -6.1% | 0.4% | 0.9% |
| Return on assets | -3.8% | -3.6% | -4.5% | -2.9% | 0.2% | 0.5% |
| Free cash flow yield | 10.2% | 9.2% | 10.9% | 19.9% | 25.1% | 30.2% |
| Revenue growth | 0.1% | 8.0% | 1.2% | -12.8% | 5.5% | 2.3% |
| Earnings growth | -1.1% | -27.7% | 51.6% | -1697.7% | -59.0% | -35.4% |
| Current ratio | 0.41x | 0.43x | 0.72x | 0.50x | 0.66x | 0.77x |
| Debt to equity | 0.63x | 0.79x | 0.70x | 0.68x | 0.64x | 0.64x |
| Equity ratio | 39.8% | 41.0% | 45.6% | 47.4% | 45.9% | 48.9% |
| Interest coverage | -1.65x | 2.72x | 3.66x | -3.43x | 1.24x | -1.45x |
| R&D as a share of sales | 6.2% | 6.8% | 3.9% | 3.7% | 3.0% | 3.3% |
| Buybacks as a share of market value | 0.0% | 1.5% | -5.7% | -5.1% | -4.3% | 1.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 0.1% | -0.9% |
| Operating income | -14.2% | 32.8% | — |
| Net income | 2.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.3% | 5.4% | 3.8% | 8.4% |
| Net margin | -23.3% | -26.2% | -16.3% | -1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.7 | -13.8 | -9.9 | -15.1 | 266.1 | 92.9 | 65.1 | 20.9 | 24.5 | 35.0 |
| Price to sales | 6.0 | 3.2 | 3.5 | 3.5 | 3.4 | 3.0 | 3.4 | 3.2 | 4.5 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.002 | 0.004 | 0.007 | 0.025 | 0.025 | 0.025 | 0.025 | 0.027 |
- 2-for-1 split · 9 Oct 2015
- 21-for-20 split · 20 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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