B 
1.32
-1.49%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥91.11bn
FY2016FY2025
Net income
−CN¥1.01bn
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
CN¥71.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥91.11bn | CN¥110.71bn | CN¥107.96bn | CN¥102.82bn | CN¥123.63bn | CN¥108.00bn | CN¥91.83bn | CN¥83.12bn | CN¥63.68bn | CN¥47.74bn |
| Gross profit | CN¥10.94bn | CN¥10.64bn | CN¥10.26bn | CN¥14.66bn | CN¥19.18bn | CN¥20.19bn | CN¥24.27bn | CN¥22.02bn | CN¥15.94bn | CN¥11.15bn |
| Research and development | CN¥742.0m | CN¥665.9m | CN¥530.2m | CN¥410.1m | CN¥346.7m | CN¥269.2m | CN¥232.9m | CN¥154.3m | CN¥79.5m | CN¥108.5m |
| Operating income | CN¥993.7m | CN¥382.6m | CN¥156.4m | CN¥3.13bn | CN¥7.16bn | CN¥7.43bn | CN¥7.95bn | CN¥6.57bn | CN¥3.97bn | CN¥3.27bn |
| Net income | −CN¥1.01bn | −CN¥555.2m | CN¥25.3m | CN¥1.21bn | CN¥2.93bn | CN¥2.84bn | CN¥3.69bn | CN¥3.26bn | CN¥2.84bn | CN¥2.69bn |
| Diluted earnings per share | -0.09 | -0.05 | 0.00 | 0.11 | 0.32 | 0.26 | 0.33 | 0.28 | 0.26 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥263.62bn | CN¥264.00bn | CN¥269.68bn | CN¥281.52bn | CN¥286.36bn | CN¥291.35bn | CN¥282.12bn | CN¥268.28bn | CN¥232.21bn | CN¥208.40bn |
| Cash and short-term investments | — | CN¥18.71bn | CN¥18.14bn | CN¥17.11bn | CN¥23.07bn | CN¥29.76bn | CN¥22.34bn | CN¥19.81bn | CN¥17.95bn | CN¥28.63bn |
| Total liabilities | CN¥174.70bn | CN¥171.88bn | CN¥175.31bn | CN¥186.62bn | CN¥190.82bn | CN¥196.90bn | CN¥199.59bn | CN¥189.06bn | CN¥162.29bn | CN¥145.49bn |
| Debt | CN¥71.70bn | CN¥124.37bn | CN¥111.28bn | CN¥106.82bn | CN¥110.66bn | CN¥118.94bn | CN¥124.40bn | CN¥115.66bn | CN¥92.46bn | CN¥81.29bn |
| Shareholders' equity | CN¥71.02bn | CN¥73.72bn | CN¥73.01bn | CN¥63.63bn | CN¥63.72bn | CN¥63.38bn | CN¥61.13bn | CN¥57.67bn | CN¥51.16bn | CN¥44.20bn |
| Shares outstanding | 10,678m | 11,672m | 10,678m | 10,678m | 9,189m | 10,842m | 11,178m | 11,550m | 10,829m | 11,015m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −CN¥5.32bn | CN¥7.14bn | CN¥13.97bn | CN¥13.73bn | CN¥15.46bn | CN¥9.52bn | −CN¥5.04bn | −CN¥11.85bn | CN¥3.50bn |
| Capital spending | −CN¥2.88bn | −CN¥3.41bn | −CN¥3.28bn | −CN¥5.93bn | −CN¥5.01bn | −CN¥3.17bn | −CN¥7.36bn | −CN¥2.45bn | −CN¥1.88bn | −CN¥3.34bn |
| Free cash flow | — | −CN¥8.73bn | CN¥3.86bn | CN¥8.03bn | CN¥8.73bn | CN¥12.28bn | CN¥2.16bn | −CN¥7.50bn | −CN¥13.74bn | CN¥168.6m |
| Dividends paid | −CN¥4.25bn | −CN¥4.92bn | −CN¥715.4m | −CN¥1.11bn | −CN¥641.1m | −CN¥1.28bn | −CN¥587.3m | −CN¥7.04bn | −CN¥5.28bn | −CN¥3.03bn |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥23.92bn | CN¥28.70bn | CN¥16.87bn | CN¥33.68bn | CN¥31.47bn | CN¥32.73bn | CN¥12.83bn | CN¥35.36bn |
| Gross profit | CN¥1.93bn | −CN¥2.24bn | CN¥912.8m | CN¥2.91bn | CN¥3.46bn | CN¥3.76bn | CN¥506.8m | CN¥2.41bn |
| Operating income | −CN¥492.1m | CN¥2.01bn | −CN¥2.01bn | CN¥567.1m | CN¥965.3m | CN¥863.9m | −CN¥2.01bn | CN¥133.7m |
| Net income | CN¥70.5m | −CN¥261.0m | −CN¥1.23bn | −CN¥118.6m | CN¥370.1m | CN¥501.9m | −CN¥1.31bn | CN¥14.6m |
| Diluted earnings per share | 0.01 | -0.02 | -0.12 | -0.01 | 0.03 | 0.04 | -0.11 | 0.00 |
| Cash from operations | −CN¥2.23bn | CN¥3.23bn | −CN¥4.69bn | CN¥4.14bn | −CN¥5.24bn | CN¥889.0m | −CN¥4.84bn | −CN¥1.85bn |
| Capital spending | −CN¥393.0m | −CN¥564.0m | −CN¥405.0m | −CN¥1.93bn | −CN¥242.0m | −CN¥806.0m | −CN¥434.0m | −CN¥722.0m |
| Free cash flow | −CN¥2.62bn | CN¥2.66bn | −CN¥5.09bn | CN¥2.21bn | −CN¥5.48bn | CN¥83.0m | −CN¥5.27bn | −CN¥2.58bn |
| Total assets | CN¥267.07bn | CN¥272.14bn | CN¥266.57bn | CN¥264.00bn | CN¥270.24bn | CN¥270.46bn | CN¥273.13bn | CN¥269.68bn |
| Cash and short-term investments | CN¥16.49bn | CN¥21.73bn | CN¥18.89bn | CN¥20.07bn | CN¥16.80bn | CN¥18.25bn | CN¥20.36bn | CN¥18.14bn |
| Debt | CN¥49.93bn | CN¥130.41bn | CN¥58.69bn | CN¥55.18bn | CN¥55.32bn | CN¥112.85bn | CN¥116.18bn | CN¥110.56bn |
| Shareholders' equity | CN¥40.60bn | CN¥72.52bn | CN¥41.75bn | CN¥73.72bn | CN¥44.01bn | CN¥72.83bn | CN¥43.96bn | CN¥45.54bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 12.0% | 9.6% | 9.5% | 14.3% | 15.5% | 18.7% | — |
| Operating margin | 1.1% | 2.8% | 2.2% | 3.6% | 6.5% | 9.2% | — |
| Net margin | -1.1% | -0.5% | 0.0% | 1.2% | 2.4% | 2.6% | — |
| Return on equity | -1.4% | -0.8% | 0.0% | 1.9% | 4.6% | 4.5% | — |
| Return on assets | -0.4% | -0.2% | 0.0% | 0.4% | 1.0% | 1.0% | — |
| Free cash flow yield | — | -11.8% | 70.7% | 135.0% | 147.8% | 124.5% | 109.5% |
| Revenue growth | -17.7% | 2.6% | 5.0% | -16.8% | 14.5% | 17.6% | — |
| Earnings growth | 81.8% | -2297.5% | -97.9% | -58.7% | 3.1% | -23.0% | — |
| Current ratio | 1.46x | 1.38x | 1.20x | 1.32x | 1.42x | 1.54x | — |
| Debt to equity | 1.01x | 1.68x | 1.51x | 1.73x | 1.73x | 1.87x | — |
| Equity ratio | 26.9% | 27.9% | 27.1% | 22.6% | 22.3% | 21.8% | — |
| Interest coverage | 0.35x | 1.04x | 0.97x | 1.30x | 3.08x | 2.89x | — |
| R&D as a share of sales | 0.8% | 0.6% | 0.5% | 0.4% | 0.3% | 0.2% | — |
| Buybacks as a share of market value | 8.5% | -9.3% | 0.0% | -16.2% | 15.2% | 3.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.9% | -3.3% | 8.3% |
| Operating income | -31.8% | -33.1% | -8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.7% | 11.3% | 13.3% | 17.4% |
| Operating margin | 0.7% | 1.1% | 3.0% | 4.5% |
| Net margin | -0.8% | -0.1% | 0.8% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.7 | -37.4 | — | 22.4 | 8.9 | 11.3 | 11.3 | 12.4 | 20.7 | 18.3 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.5 | 0.5 | 0.9 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 22 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.025 | 0.067 | 0.104 | 0.06 | 0.12 | 0.055 |
- 2-for-1 split · 6 Jul 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.