J 
4.13
-0.24%
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¥762.1m
FY2016FY2025
Net income
−CN¥55.6m
FY2016FY2025
Free cash flow
−CN¥144.9m
FY2016FY2025
Shareholders' equity
CN¥691.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥762.1m | CN¥701.2m | CN¥650.5m | CN¥966.3m | CN¥840.6m | CN¥652.6m | CN¥1.42bn | CN¥2.08bn | CN¥3.24bn | CN¥2.29bn |
| Research and development | CN¥23.3m | CN¥24.0m | CN¥25.4m | CN¥47.4m | CN¥49.0m | CN¥50.4m | CN¥56.9m | CN¥76.9m | CN¥113.8m | CN¥93.1m |
| Operating income | −CN¥47.2m | −CN¥166.0m | −CN¥521.3m | −CN¥714.8m | −CN¥108.6m | −CN¥672.9m | −CN¥293.6m | CN¥166.5m | CN¥709.3m | CN¥775.1m |
| Net income | −CN¥55.6m | −CN¥264.8m | −CN¥578.2m | −CN¥698.5m | −CN¥140.0m | −CN¥612.4m | −CN¥199.1m | CN¥161.6m | CN¥547.6m | CN¥655.4m |
| Diluted earnings per share | -0.10 | -0.46 | -1.01 | -1.23 | -0.25 | -1.07 | -0.35 | 0.28 | 0.95 | 1.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.52bn | CN¥1.51bn | CN¥2.15bn | CN¥2.53bn | CN¥3.44bn | CN¥3.82bn | CN¥4.32bn | CN¥4.76bn | CN¥4.50bn | CN¥4.21bn |
| Cash and short-term investments | — | CN¥31.5m | CN¥185.7m | CN¥75.6m | CN¥101.6m | CN¥457.1m | CN¥208.7m | CN¥179.1m | CN¥399.2m | CN¥531.3m |
| Total liabilities | CN¥889.4m | CN¥816.0m | CN¥1.32bn | CN¥1.17bn | CN¥1.31bn | CN¥1.52bn | CN¥1.30bn | CN¥1.64bn | CN¥725.8m | CN¥700.5m |
| Debt | — | CN¥155.6m | CN¥338.9m | CN¥390.7m | CN¥419.2m | CN¥473.3m | CN¥297.0m | CN¥391.7m | CN¥132.8m | CN¥123.9m |
| Shareholders' equity | CN¥691.0m | CN¥746.8m | CN¥914.1m | CN¥1.50bn | CN¥2.20bn | CN¥2.35bn | CN¥2.96bn | CN¥3.00bn | CN¥3.68bn | CN¥3.46bn |
| Shares outstanding | 580m | 570m | 570m | 570m | 570m | 570m | 569m | 570m | 576m | 576m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥130.9m | −CN¥322.7m | −CN¥201.9m | −CN¥2.4m | −CN¥262.6m | −CN¥148.0m | −CN¥25.9m | CN¥579.0m | CN¥516.3m | CN¥550.5m |
| Capital spending | −CN¥14.0m | −CN¥12.9m | −CN¥31.5m | −CN¥32.3m | −CN¥43.1m | −CN¥64.9m | −CN¥93.0m | −CN¥89.3m | −CN¥190.6m | −CN¥179.8m |
| Free cash flow | −CN¥144.9m | −CN¥335.7m | −CN¥233.3m | −CN¥34.7m | −CN¥305.7m | −CN¥212.9m | −CN¥118.8m | CN¥489.8m | CN¥325.7m | CN¥370.7m |
| Dividends paid | −CN¥10.1m | −CN¥10.1m | −CN¥34.2m | −CN¥35.4m | −CN¥40.8m | −CN¥43.1m | −CN¥21.7m | −CN¥44.9m | −CN¥295.9m | −CN¥299.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥212.7m | CN¥258.8m | CN¥189.8m | CN¥170.2m | CN¥228.2m | CN¥173.9m | CN¥150.3m | CN¥182.3m |
| Operating income | CN¥99,238 | CN¥9.8m | −CN¥23.3m | CN¥17.8m | CN¥102,189 | CN¥4.5m | −CN¥161.3m | −CN¥21.0m |
| Net income | −CN¥4.0m | CN¥14.0m | −CN¥76.2m | CN¥18.8m | −CN¥1.3m | CN¥3.2m | −CN¥250.4m | −CN¥22.4m |
| Diluted earnings per share | -0.01 | 0.02 | -0.13 | 0.03 | -0.00 | 0.01 | -0.44 | -0.04 |
| Cash from operations | — | — | — | −CN¥57.0m | −CN¥10.0m | −CN¥21.0m | — | CN¥38.0m |
| Capital spending | −CN¥8.0m | −CN¥3.0m | — | −CN¥5.0m | −CN¥1.0m | −CN¥7.0m | −CN¥4.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥62.0m | −CN¥11.0m | −CN¥28.0m | — | CN¥33.0m |
| Total assets | CN¥1.57bn | CN¥1.67bn | CN¥1.52bn | CN¥1.59bn | CN¥1.57bn | CN¥1.54bn | CN¥1.51bn | CN¥1.80bn |
| Cash and short-term investments | — | — | — | CN¥99.2m | CN¥3.1m | CN¥14.2m | CN¥31.5m | CN¥58.1m |
| Debt | — | — | — | CN¥338.3m | CN¥296.6m | CN¥159.4m | CN¥153.1m | CN¥255.1m |
| Shareholders' equity | CN¥701.0m | CN¥705.0m | CN¥691.0m | CN¥767.3m | CN¥748.6m | CN¥749.9m | CN¥746.8m | CN¥998.1m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.4% | -23.5% | -80.1% | -74.0% | -7.7% | -103.1% | — |
| Net margin | -7.3% | -37.8% | -88.9% | -72.3% | -16.7% | -93.8% | — |
| Return on equity | -8.0% | -35.5% | -63.3% | -46.5% | -6.4% | -26.1% | — |
| Return on assets | -3.7% | -17.6% | -26.9% | -27.6% | -4.1% | -16.0% | — |
| Free cash flow yield | -4.5% | -12.0% | -6.6% | 1.2% | -8.5% | -3.2% | — |
| Revenue growth | 8.7% | 7.8% | -32.7% | 15.0% | 28.8% | -54.1% | — |
| Earnings growth | -79.0% | -54.2% | -17.2% | 398.9% | -77.1% | 207.7% | — |
| Current ratio | 0.86x | 0.78x | 0.84x | 0.69x | 1.11x | 1.07x | — |
| Debt to equity | — | 0.20x | 0.37x | 0.14x | 0.18x | 0.20x | 0.10x |
| Equity ratio | 45.5% | 49.6% | 42.6% | 59.4% | 64.0% | 61.4% | — |
| Interest coverage | -3.77x | -13.37x | -13.45x | -14.38x | -1.51x | -13.33x | — |
| R&D as a share of sales | 3.1% | 3.4% | 3.9% | 4.9% | 5.8% | 7.7% | — |
| Buybacks as a share of market value | -1.7% | -0.1% | 0.0% | 0.0% | 0.1% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.6% | 3.2% | -10.4% |
| Operating income | -59.6% | -41.2% | — |
| Net income | -57.0% | -38.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.6% | -47.1% | -48.8% | -0.3% |
| Net margin | -21.9% | -51.9% | -51.4% | -3.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -47.9 | -7.5 | -4.2 | -3.0 | -22.8 | -4.9 | -18.8 | 26.0 | 17.5 | 15.7 |
| Price to sales | 3.5 | 2.8 | 3.7 | 2.2 | 3.8 | 4.6 | 2.6 | 2.0 | 3.0 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.50 | 0.50 | 0.50 |
- 2-for-1 split · 8 May 2015
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.