H 
11.69
+1.12%
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¥620.7m
FY2016FY2025
Net income
−CN¥60.8m
FY2016FY2025
Free cash flow
−CN¥81.4m
FY2016FY2025
Shareholders' equity
CN¥794.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥620.7m | CN¥837.4m | CN¥841.7m | CN¥739.9m | CN¥732.1m | CN¥629.2m | CN¥1.04bn | CN¥1.12bn | CN¥1.11bn | CN¥1.09bn |
| Gross profit | CN¥69.6m | CN¥107.3m | CN¥113.0m | CN¥105.8m | CN¥101.9m | CN¥25.4m | CN¥222.7m | CN¥264.2m | CN¥248.2m | CN¥239.8m |
| Research and development | — | CN¥1.4m | CN¥1.0m | CN¥1.2m | — | — | — | — | — | — |
| Operating income | −CN¥33.2m | −CN¥90.1m | −CN¥67.2m | CN¥43.1m | −CN¥61.4m | −CN¥75.0m | CN¥76.7m | CN¥88.4m | CN¥74.9m | CN¥68.9m |
| Net income | −CN¥60.8m | −CN¥97.7m | −CN¥69.0m | CN¥39.4m | −CN¥71.8m | −CN¥98.0m | CN¥49.1m | CN¥58.9m | CN¥50.7m | CN¥62.8m |
| Diluted earnings per share | -0.18 | -0.27 | -0.25 | 0.11 | -0.26 | -0.32 | 0.16 | 0.21 | 0.16 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.58bn | CN¥2.70bn | CN¥2.59bn | CN¥2.08bn | CN¥1.87bn | CN¥1.94bn | CN¥2.06bn | CN¥1.96bn | CN¥1.85bn | CN¥1.76bn |
| Cash and short-term investments | — | CN¥236.8m | CN¥333.3m | CN¥181.9m | CN¥259.0m | CN¥351.6m | CN¥411.2m | CN¥467.3m | CN¥378.8m | CN¥504.0m |
| Total liabilities | CN¥1.79bn | CN¥1.88bn | CN¥1.67bn | CN¥1.08bn | CN¥915.0m | CN¥902.6m | CN¥890.1m | CN¥835.2m | CN¥774.9m | CN¥714.7m |
| Debt | CN¥800.1m | CN¥445.9m | CN¥585.9m | CN¥465.7m | CN¥210.9m | CN¥100.6m | CN¥10.0m | CN¥10.3m | — | CN¥20.0m |
| Shareholders' equity | CN¥794.9m | CN¥810.9m | CN¥908.9m | CN¥979.6m | CN¥940.4m | CN¥1.02bn | CN¥1.14bn | CN¥1.11bn | CN¥1.07bn | CN¥1.04bn |
| Shares outstanding | 345m | 363m | 280m | 364m | 279m | 308m | 312m | 286m | 323m | 337m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥144.3m | −CN¥18.4m | CN¥142.8m | −CN¥88.4m | −CN¥18.4m | CN¥21.3m | CN¥147.9m | CN¥202.2m | CN¥206.7m | CN¥176.2m |
| Capital spending | −CN¥225.8m | −CN¥260.1m | −CN¥189.0m | −CN¥217.5m | −CN¥167.4m | −CN¥196.3m | −CN¥256.2m | −CN¥225.8m | −CN¥205.3m | −CN¥186.2m |
| Free cash flow | −CN¥81.4m | −CN¥278.5m | −CN¥46.1m | −CN¥305.9m | −CN¥185.7m | −CN¥175.0m | −CN¥108.3m | −CN¥23.7m | CN¥1.4m | −CN¥10.0m |
| Dividends paid | −CN¥29.3m | −CN¥24.3m | −CN¥20.5m | −CN¥10.9m | −CN¥4.9m | −CN¥15.8m | −CN¥19.0m | −CN¥16.1m | −CN¥19.6m | −CN¥22.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥130.1m | CN¥151.1m | CN¥131.7m | CN¥126.4m | CN¥177.8m | CN¥184.8m | CN¥193.9m | CN¥187.7m |
| Gross profit | CN¥6.9m | CN¥17.3m | CN¥20.3m | CN¥8.9m | CN¥21.2m | CN¥19.2m | CN¥18.5m | CN¥26.1m |
| Operating income | −CN¥19.7m | −CN¥14.8m | CN¥1.2m | −CN¥19.6m | −CN¥8.3m | −CN¥18.8m | −CN¥86.9m | CN¥3.2m |
| Net income | −CN¥23.8m | −CN¥20.8m | −CN¥12.7m | −CN¥20.3m | −CN¥8.3m | −CN¥19.5m | −CN¥91.7m | CN¥2.2m |
| Diluted earnings per share | -0.07 | -0.06 | -0.04 | -0.06 | -0.02 | -0.06 | -0.25 | 0.01 |
| Cash from operations | — | — | — | CN¥1.0m | CN¥17.0m | CN¥74.0m | — | −CN¥11.0m |
| Capital spending | −CN¥24.0m | −CN¥80.0m | −CN¥50.0m | −CN¥74.0m | −CN¥25.0m | −CN¥74.0m | −CN¥65.0m | −CN¥113.0m |
| Free cash flow | — | — | — | −CN¥73.0m | −CN¥8.0m | CN¥0 | — | −CN¥124.0m |
| Total assets | CN¥2.44bn | CN¥2.56bn | CN¥2.58bn | CN¥2.63bn | CN¥2.63bn | CN¥2.71bn | CN¥2.70bn | CN¥2.78bn |
| Cash and short-term investments | — | — | — | CN¥281.4m | CN¥314.4m | CN¥246.8m | CN¥236.8m | CN¥348.6m |
| Debt | CN¥872.3m | CN¥845.0m | CN¥800.1m | CN¥216.8m | CN¥753.9m | CN¥604.0m | CN¥442.9m | CN¥769.0m |
| Shareholders' equity | CN¥748.6m | CN¥772.6m | CN¥794.9m | CN¥809.3m | CN¥830.1m | CN¥790.7m | CN¥810.9m | CN¥901.9m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.2% | 12.8% | 13.4% | 14.3% | 13.9% | 4.0% |
| Operating margin | -5.5% | -8.0% | -5.0% | 8.2% | -7.2% | -12.2% |
| Net margin | -9.8% | -11.7% | -8.2% | 5.3% | -9.8% | -15.6% |
| Return on equity | -7.7% | -12.0% | -7.6% | 4.0% | -7.6% | -9.6% |
| Return on assets | -2.4% | -3.6% | -2.7% | 1.9% | -3.8% | -5.1% |
| Free cash flow yield | 8.0% | 5.0% | 8.8% | 2.6% | 4.0% | 5.2% |
| Revenue growth | -25.9% | -0.5% | 13.8% | 1.1% | 16.4% | -39.8% |
| Earnings growth | -37.7% | 41.7% | -275.2% | -154.8% | -26.8% | -299.5% |
| Current ratio | 0.80x | 0.69x | 0.93x | 1.18x | 0.75x | 0.77x |
| Debt to equity | 1.01x | 0.55x | 0.64x | 0.41x | 0.11x | 0.10x |
| Equity ratio | 30.8% | 30.0% | 35.1% | 47.1% | 50.3% | 52.8% |
| Interest coverage | -1.53x | -2.68x | -1.85x | 4.87x | -8.51x | -36.28x |
| R&D as a share of sales | — | 0.2% | 0.1% | 0.2% | — | — |
| Buybacks as a share of market value | 4.9% | -29.4% | 22.9% | -30.5% | 9.7% | 1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.7% | -0.3% | -6.7% |
| Operating income | — | -15.1% | — |
| Net income | — | -9.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.1% | 13.0% | 11.9% | 17.8% |
| Operating margin | -8.5% | -4.8% | -6.4% | 1.0% |
| Net margin | -10.9% | -6.2% | -8.1% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -154.0 | -67.8 | -74.8 | 243.5 | -56.4 | -72.1 | 65.8 | 32.0 | 81.5 | 100.9 |
| Price to sales | 15.1 | 7.9 | 6.1 | 13.0 | 5.5 | 11.2 | 3.1 | 1.7 | 3.7 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.06 | 0.05 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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