J 
4.39
-0.90%
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¥16.91bn
FY2016FY2025
Net income
CN¥22.0m
FY2016FY2025
Free cash flow
−CN¥190.7m
FY2016FY2025
Shareholders' equity
CN¥8.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.91bn | CN¥16.27bn | CN¥14.58bn | CN¥16.80bn | CN¥12.01bn | CN¥7.55bn | CN¥8.15bn | CN¥8.81bn | CN¥6.65bn | CN¥4.24bn |
| Gross profit | CN¥1.09bn | CN¥282.1m | CN¥458.1m | CN¥643.9m | CN¥1.60bn | CN¥1.35bn | CN¥1.20bn | CN¥1.85bn | CN¥1.27bn | CN¥838.8m |
| Research and development | CN¥153.5m | CN¥622.3m | CN¥113.9m | CN¥144.1m | CN¥162.0m | CN¥58.6m | CN¥26.2m | CN¥18.7m | CN¥15.8m | CN¥139.8m |
| Operating income | −CN¥33.3m | CN¥106.8m | CN¥252.4m | CN¥375.2m | CN¥1.14bn | CN¥1.05bn | CN¥867.8m | CN¥1.47bn | CN¥797.5m | CN¥484.1m |
| Net income | CN¥22.0m | −CN¥57.9m | CN¥137.4m | CN¥249.2m | CN¥925.8m | CN¥889.2m | CN¥762.3m | CN¥1.27bn | CN¥678.8m | CN¥419.8m |
| Diluted earnings per share | 0.03 | -0.07 | 0.16 | 0.30 | 1.18 | 0.88 | 0.98 | 1.90 | 0.98 | 0.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥18.81bn | CN¥19.02bn | CN¥18.28bn | CN¥16.33bn | CN¥13.12bn | CN¥12.07bn | CN¥8.66bn | CN¥6.80bn | CN¥5.30bn | CN¥3.46bn |
| Cash and short-term investments | — | CN¥3.73bn | CN¥2.35bn | CN¥3.01bn | CN¥2.00bn | CN¥1.90bn | CN¥1.37bn | CN¥933.1m | CN¥430.8m | CN¥28.0m |
| Total liabilities | CN¥10.77bn | CN¥10.39bn | CN¥9.53bn | CN¥7.62bn | CN¥4.37bn | CN¥4.01bn | CN¥2.77bn | CN¥1.93bn | CN¥1.45bn | CN¥1.26bn |
| Debt | CN¥406.6m | CN¥5.06bn | CN¥6.55bn | CN¥4.82bn | CN¥2.20bn | CN¥1.46bn | CN¥1.22bn | CN¥221.1m | CN¥194.5m | CN¥404.1m |
| Shareholders' equity | CN¥8.04bn | CN¥8.63bn | CN¥8.76bn | CN¥8.71bn | CN¥8.75bn | CN¥8.06bn | CN¥5.89bn | CN¥4.87bn | CN¥3.85bn | CN¥2.20bn |
| Shares outstanding | 845m | 875m | 848m | 837m | 786m | 1,009m | 777m | 668m | 696m | 610m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥547.6m | CN¥216.5m | CN¥1.15bn | −CN¥512.5m | CN¥822.6m | CN¥1.32bn | CN¥487.3m | CN¥1.69bn | CN¥627.6m | CN¥350.3m |
| Capital spending | −CN¥738.2m | −CN¥486.8m | −CN¥2.22bn | −CN¥1.75bn | −CN¥1.44bn | −CN¥2.40bn | −CN¥1.36bn | −CN¥771.2m | −CN¥505.5m | −CN¥93.8m |
| Free cash flow | −CN¥190.7m | −CN¥270.3m | −CN¥1.06bn | −CN¥2.26bn | −CN¥614.5m | −CN¥1.07bn | −CN¥876.5m | CN¥920.7m | CN¥122.1m | CN¥256.5m |
| Dividends paid | −CN¥481.0m | −CN¥166.2m | −CN¥101.8m | −CN¥296.8m | −CN¥293.9m | −CN¥20.5m | −CN¥100.0m | −CN¥116.5m | −CN¥13.3m | −CN¥127.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.20bn | CN¥3.32bn | CN¥4.22bn | CN¥4.15bn | CN¥4.09bn | CN¥4.46bn | CN¥4.12bn | CN¥5.26bn |
| Gross profit | CN¥169.9m | −CN¥509.4m | CN¥79.6m | −CN¥2.6m | −CN¥59.3m | CN¥222.9m | −CN¥2.9m | CN¥170.2m |
| Operating income | CN¥79.8m | −CN¥578.3m | CN¥9.5m | −CN¥126.9m | −CN¥72.1m | CN¥104.4m | −CN¥58.2m | CN¥120.3m |
| Net income | CN¥1.8m | −CN¥590.5m | CN¥100.3m | −CN¥104.7m | −CN¥49.5m | CN¥75.9m | −CN¥25.4m | CN¥10.6m |
| Diluted earnings per share | 0.00 | -0.70 | 0.12 | -0.12 | -0.06 | 0.09 | -0.03 | 0.01 |
| Cash from operations | — | — | — | −CN¥360.0m | CN¥242.0m | CN¥211.0m | — | CN¥400.0m |
| Capital spending | −CN¥26.0m | −CN¥89.0m | −CN¥106.0m | −CN¥364.0m | −CN¥207.0m | −CN¥59.0m | −CN¥136.0m | −CN¥124.0m |
| Free cash flow | — | — | — | −CN¥724.0m | CN¥35.0m | CN¥152.0m | — | CN¥276.0m |
| Total assets | CN¥19.75bn | CN¥19.71bn | CN¥18.81bn | CN¥19.45bn | CN¥19.80bn | CN¥19.82bn | CN¥19.02bn | CN¥18.72bn |
| Cash and short-term investments | — | — | — | CN¥3.49bn | CN¥3.60bn | CN¥4.21bn | CN¥3.73bn | CN¥2.88bn |
| Debt | CN¥1.13bn | CN¥1.02bn | CN¥406.6m | CN¥7.70bn | CN¥4.97bn | CN¥5.31bn | CN¥5.06bn | CN¥6.46bn |
| Shareholders' equity | CN¥7.54bn | CN¥7.29bn | CN¥8.04bn | CN¥8.28bn | CN¥8.56bn | CN¥8.73bn | CN¥8.63bn | CN¥8.64bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 1.4% | 1.7% | 3.1% | 3.8% | 13.3% | 17.9% |
| Operating margin | 0.9% | 0.7% | 1.7% | 2.2% | 9.8% | 14.1% |
| Net margin | 0.1% | -0.4% | 0.9% | 1.5% | 7.7% | 11.8% |
| Return on equity | 0.3% | -0.7% | 1.6% | 2.9% | 10.6% | 11.0% |
| Return on assets | 0.1% | -0.3% | 0.8% | 1.5% | 7.1% | 7.4% |
| Free cash flow yield | 31.0% | 16.4% | 81.1% | 30.2% | 58.7% | 75.3% |
| Revenue growth | 4.0% | 11.5% | -13.2% | 39.9% | 59.2% | -7.4% |
| Earnings growth | -138.1% | -142.1% | -44.9% | -73.1% | 4.1% | 16.6% |
| Current ratio | 0.79x | 0.87x | 0.99x | 1.13x | 1.54x | 1.58x |
| Debt to equity | 0.05x | 0.59x | 0.75x | 0.55x | 0.25x | 0.18x |
| Equity ratio | 42.7% | 45.4% | 47.9% | 53.3% | 66.7% | 66.8% |
| Interest coverage | 1.21x | 0.54x | 1.43x | 2.38x | 26.82x | 93.83x |
| R&D as a share of sales | 0.9% | 3.8% | 0.8% | 0.9% | 1.3% | 0.8% |
| Buybacks as a share of market value | 3.4% | -3.2% | -1.3% | -6.5% | 22.1% | -29.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 17.5% | 16.7% |
| Net income | -55.4% | -52.3% | -13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.1% | 3.8% | 6.5% | 9.6% |
| Operating margin | 0.2% | 1.1% | 3.4% | 5.7% |
| Net margin | -0.1% | 0.5% | 2.6% | 4.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 234.4 | -85.1 | 49.8 | 30.5 | 13.8 | 18.6 | 11.0 | 5.8 | 23.2 |
| Price to sales | 0.3 | 0.3 | 0.5 | 0.5 | 1.1 | 2.2 | 1.0 | 0.8 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 15 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.048 | 0.355 | 0.094 | 0.12 | 0.35 | 0.348 | 0.148 | 0.386 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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