G 
2.10
-1.87%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.70bn
FY2016FY2025
Net income
−CN¥128.5m
FY2016FY2025
Free cash flow
CN¥300.6m
FY2016FY2025
Shareholders' equity
CN¥2.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.70bn | CN¥2.02bn | CN¥2.34bn | CN¥2.05bn | CN¥2.06bn | CN¥1.74bn | CN¥1.94bn | CN¥1.60bn | CN¥1.30bn | CN¥1.25bn |
| Gross profit | −CN¥1.6m | CN¥16.7m | CN¥170.9m | CN¥157.0m | CN¥286.9m | CN¥307.9m | CN¥460.3m | CN¥358.5m | CN¥285.4m | CN¥262.4m |
| Research and development | CN¥14.9m | CN¥21.6m | CN¥28.1m | CN¥23.2m | CN¥26.8m | CN¥24.4m | CN¥19.6m | CN¥6.2m | CN¥2.1m | CN¥3.2m |
| Operating income | −CN¥116.4m | −CN¥119.9m | CN¥54.0m | CN¥44.3m | CN¥170.6m | CN¥174.6m | CN¥175.2m | CN¥149.8m | CN¥120.5m | CN¥53.1m |
| Net income | −CN¥128.5m | −CN¥120.0m | CN¥52.3m | CN¥45.4m | CN¥167.6m | CN¥172.5m | CN¥170.0m | CN¥138.6m | CN¥120.2m | CN¥88.7m |
| Diluted earnings per share | -0.11 | -0.12 | 0.06 | 0.04 | -5.06 | -4.05 | 0.14 | 0.11 | 0.14 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.38bn | CN¥3.75bn | CN¥3.73bn | CN¥4.13bn | CN¥4.03bn | CN¥3.83bn | CN¥3.97bn | CN¥3.75bn | CN¥2.32bn | CN¥2.21bn |
| Cash and short-term investments | CN¥785.9m | CN¥744.4m | CN¥700.5m | CN¥817.7m | CN¥898.0m | CN¥1.10bn | CN¥1.30bn | CN¥1.38bn | CN¥531.9m | CN¥647.6m |
| Total liabilities | CN¥885.3m | CN¥1.14bn | CN¥866.4m | CN¥1.32bn | CN¥1.21bn | CN¥926.6m | CN¥1.17bn | CN¥1.09bn | CN¥413.5m | CN¥412.7m |
| Debt | CN¥500.3m | CN¥713.8m | CN¥298.1m | CN¥802.5m | CN¥781.8m | CN¥590.8m | CN¥715.2m | CN¥712.4m | CN¥186.5m | CN¥215.3m |
| Shareholders' equity | CN¥2.48bn | CN¥2.61bn | CN¥2.86bn | CN¥2.81bn | CN¥2.82bn | CN¥2.89bn | CN¥2.79bn | CN¥2.64bn | CN¥1.88bn | CN¥1.77bn |
| Shares outstanding | 1,121m | 974m | 809m | 1,135m | — | — | 1,220m | 1,217m | 849m | 1,021m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥323.8m | −CN¥174.4m | CN¥410.2m | CN¥203.9m | CN¥364.9m | CN¥177.1m | CN¥86.2m | CN¥204.6m | CN¥316.4m | CN¥239.3m |
| Capital spending | −CN¥23.1m | −CN¥57.6m | −CN¥71.7m | −CN¥231.0m | −CN¥548.6m | −CN¥173.5m | −CN¥118.8m | −CN¥293.2m | −CN¥308.2m | −CN¥47.6m |
| Free cash flow | CN¥300.6m | −CN¥231.9m | CN¥338.5m | −CN¥27.1m | −CN¥183.7m | CN¥3.6m | −CN¥32.6m | −CN¥88.5m | CN¥8.2m | CN¥191.6m |
| Dividends paid | −CN¥10.2m | −CN¥142.8m | −CN¥12.5m | −CN¥67.3m | −CN¥113.1m | −CN¥68.7m | −CN¥68.7m | −CN¥79.4m | −CN¥59.6m | −CN¥40.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥453.5m | CN¥326.3m | CN¥435.7m | CN¥478.4m | CN¥462.9m | CN¥320.0m | CN¥507.6m | CN¥545.9m |
| Gross profit | −CN¥15.3m | −CN¥4.0m | CN¥133,493 | CN¥17.2m | CN¥11.9m | −CN¥16.8m | −CN¥41.3m | −CN¥77,519 |
| Operating income | −CN¥68.8m | −CN¥24.6m | −CN¥64.6m | −CN¥13.5m | −CN¥12.8m | −CN¥34.7m | −CN¥95.3m | −CN¥31.5m |
| Net income | −CN¥80.2m | −CN¥27.6m | −CN¥69.1m | −CN¥12.7m | −CN¥11.7m | −CN¥34.9m | −CN¥95.1m | −CN¥31.9m |
| Diluted earnings per share | -0.07 | -0.02 | -0.06 | -0.01 | -0.01 | -0.03 | -0.10 | -0.03 |
| Cash from operations | — | — | CN¥68.0m | CN¥98.0m | CN¥155.0m | CN¥1.0m | CN¥76.0m | CN¥96.0m |
| Capital spending | −CN¥4.0m | −CN¥3.0m | −CN¥3.0m | −CN¥7.0m | −CN¥5.0m | −CN¥6.0m | −CN¥9.0m | −CN¥12.0m |
| Free cash flow | — | — | CN¥65.0m | CN¥91.0m | CN¥150.0m | −CN¥5.0m | CN¥67.0m | CN¥84.0m |
| Total assets | CN¥3.32bn | CN¥3.30bn | CN¥3.38bn | CN¥3.54bn | CN¥3.50bn | CN¥3.52bn | CN¥3.75bn | CN¥3.45bn |
| Cash and short-term investments | — | — | CN¥785.9m | CN¥857.1m | CN¥699.7m | CN¥614.6m | CN¥744.4m | CN¥356.5m |
| Debt | — | — | CN¥481.0m | CN¥648.2m | CN¥523.1m | CN¥577.0m | CN¥689.9m | CN¥365.2m |
| Shareholders' equity | CN¥2.34bn | CN¥2.45bn | CN¥2.48bn | CN¥2.55bn | CN¥2.56bn | CN¥2.57bn | CN¥2.61bn | CN¥2.70bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -0.1% | 0.8% | 7.3% | 7.6% | 13.9% | 17.7% |
| Operating margin | -7.0% | -5.5% | 2.7% | 2.8% | 9.3% | 11.7% |
| Net margin | -7.6% | -5.9% | 2.2% | 2.2% | 8.1% | 9.9% |
| Return on equity | -5.2% | -4.6% | 1.8% | 1.6% | 5.9% | 6.0% |
| Return on assets | -3.8% | -3.2% | 1.4% | 1.1% | 4.2% | 4.5% |
| Free cash flow yield | 12.7% | -4.9% | 24.5% | 15.8% | -1135.3% | -338.5% |
| Revenue growth | -16.0% | -13.7% | 14.0% | -0.6% | 18.7% | -10.4% |
| Earnings growth | 7.1% | -329.5% | 15.3% | -72.9% | -2.8% | 1.4% |
| Current ratio | 2.07x | 1.78x | 2.16x | 2.42x | 2.39x | 3.03x |
| Debt to equity | 0.19x | 0.26x | 0.09x | 0.24x | 0.24x | 0.17x |
| Equity ratio | 73.3% | 69.6% | 76.7% | 68.0% | 70.0% | 75.5% |
| Interest coverage | -10.98x | -12.31x | 5.66x | 3.48x | 10.63x | 6.83x |
| R&D as a share of sales | 0.9% | 1.1% | 1.2% | 1.1% | 1.3% | 1.4% |
| Buybacks as a share of market value | -15.1% | -20.4% | 28.7% | 3526.9% | 22.3% | 103.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.1% | -0.5% | 3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.4% | 4.2% | 7.9% | 13.1% |
| Operating margin | -6.4% | -1.7% | 1.7% | 3.8% |
| Net margin | -6.7% | -1.9% | 1.6% | 4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.7 | -17.4 | 44.1 | 67.5 | -0.7 | -0.7 | 20.3 | 24.8 | 34.3 | 54.0 |
| Price to sales | 1.5 | 1.0 | 1.0 | 1.5 | -0.1 | -0.1 | 1.8 | 2.2 | 3.2 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.06 | 0.10 | 0.06 | 0.06 | 0.06 | 0.05 | 0.03 |
- 2-for-1 split · 4 May 2017
- 2-for-1 split · 16 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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