13.73
+1.18%
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¥5.03bn
FY2016FY2025
Net income
−CN¥13.5m
FY2016FY2025
Free cash flow
−CN¥301.5m
FY2016FY2025
Shareholders' equity
CN¥1.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.03bn | CN¥5.10bn | CN¥5.56bn | CN¥5.21bn | CN¥5.09bn | CN¥3.07bn | CN¥2.73bn | CN¥2.44bn | CN¥1.89bn | CN¥1.40bn |
| Research and development | CN¥50.5m | CN¥65.6m | CN¥82.8m | CN¥89.6m | CN¥58.2m | CN¥64.0m | CN¥47.6m | CN¥36.0m | CN¥30.8m | CN¥49.0m |
| Operating income | CN¥100.9m | −CN¥142.5m | CN¥187.0m | −CN¥313.3m | CN¥67.9m | CN¥115.0m | CN¥171.9m | CN¥241.5m | CN¥185.7m | CN¥206.6m |
| Net income | −CN¥13.5m | −CN¥170.2m | CN¥95.9m | −CN¥255.2m | CN¥210.9m | CN¥102.5m | CN¥152.2m | CN¥205.4m | CN¥131.4m | CN¥143.0m |
| Diluted earnings per share | -0.05 | -0.48 | 0.34 | -0.88 | 0.73 | 0.33 | 0.52 | 0.73 | 0.54 | 0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.13bn | CN¥7.70bn | CN¥7.29bn | CN¥7.20bn | CN¥6.77bn | CN¥5.30bn | CN¥4.06bn | CN¥3.20bn | CN¥2.82bn | CN¥1.66bn |
| Cash and short-term investments | — | CN¥1.17bn | CN¥980.5m | CN¥933.3m | CN¥1.16bn | CN¥959.3m | CN¥681.7m | CN¥484.6m | CN¥798.9m | CN¥177.6m |
| Total liabilities | CN¥6.17bn | CN¥5.27bn | CN¥4.68bn | CN¥5.15bn | CN¥4.92bn | CN¥3.54bn | CN¥2.36bn | CN¥1.68bn | CN¥1.45bn | CN¥1.07bn |
| Debt | CN¥548.7m | CN¥2.36bn | CN¥2.31bn | CN¥2.92bn | CN¥2.03bn | CN¥946.4m | CN¥619.0m | CN¥270.7m | CN¥354.2m | CN¥545.1m |
| Shareholders' equity | CN¥1.96bn | CN¥2.10bn | CN¥2.26bn | CN¥1.71bn | CN¥1.84bn | CN¥1.76bn | CN¥1.70bn | CN¥1.53bn | CN¥1.36bn | CN¥584.8m |
| Shares outstanding | 295m | 353m | 283m | 291m | 287m | 309m | 293m | 283m | 242m | 219m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥118.0m | CN¥487.1m | CN¥526.9m | −CN¥100.4m | CN¥255.7m | −CN¥185.5m | CN¥196.6m | CN¥321.4m | CN¥102.6m | CN¥168.5m |
| Capital spending | −CN¥183.5m | −CN¥599.6m | −CN¥183.3m | −CN¥219.2m | −CN¥123.3m | −CN¥221.2m | −CN¥456.0m | −CN¥451.7m | −CN¥87.1m | −CN¥107.0m |
| Free cash flow | −CN¥301.5m | −CN¥112.5m | CN¥343.7m | −CN¥319.6m | CN¥132.5m | −CN¥406.7m | −CN¥259.3m | −CN¥130.3m | CN¥15.5m | CN¥61.5m |
| Dividends paid | −CN¥75.5m | −CN¥65.1m | −CN¥66.8m | −CN¥67.6m | −CN¥31.5m | −CN¥45.9m | −CN¥22.5m | −CN¥53.8m | −CN¥51.1m | −CN¥30.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.33bn | CN¥1.14bn | CN¥1.25bn | CN¥1.26bn | CN¥1.31bn | CN¥1.21bn | CN¥1.26bn | CN¥1.21bn |
| Operating income | CN¥14.5m | CN¥36.2m | −CN¥611,865 | CN¥2.8m | CN¥36.7m | CN¥9.3m | −CN¥92.0m | −CN¥77.3m |
| Net income | −CN¥39.4m | −CN¥24.6m | −CN¥36.8m | −CN¥19.0m | CN¥37.5m | CN¥4.9m | −CN¥62.6m | −CN¥83.1m |
| Diluted earnings per share | -0.13 | -0.08 | -0.12 | -0.06 | 0.13 | 0.02 | -0.18 | -0.24 |
| Cash from operations | — | — | — | CN¥148.0m | CN¥48.0m | CN¥83.0m | — | −CN¥99.0m |
| Capital spending | −CN¥63.0m | −CN¥86.0m | −CN¥91.0m | −CN¥15.0m | — | −CN¥75.0m | −CN¥398.0m | −CN¥43.0m |
| Free cash flow | — | — | — | CN¥133.0m | — | CN¥8.0m | — | −CN¥142.0m |
| Total assets | CN¥8.36bn | CN¥8.49bn | CN¥8.13bn | CN¥8.11bn | CN¥8.11bn | CN¥7.86bn | CN¥7.70bn | CN¥7.78bn |
| Cash and short-term investments | — | — | — | CN¥1.07bn | CN¥1.06bn | CN¥1.25bn | CN¥1.17bn | CN¥1.40bn |
| Debt | CN¥807.0m | CN¥665.4m | CN¥548.7m | CN¥3.66bn | CN¥2.82bn | CN¥2.75bn | CN¥2.36bn | CN¥2.30bn |
| Shareholders' equity | CN¥1.90bn | CN¥1.94bn | CN¥1.96bn | CN¥2.01bn | CN¥2.04bn | CN¥2.00bn | CN¥2.10bn | CN¥2.16bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.8% | -1.4% | 4.5% | -2.9% | 5.5% | 4.4% |
| Net margin | -0.3% | -3.3% | 1.7% | -4.9% | 4.1% | 3.3% |
| Return on equity | -0.7% | -8.1% | 4.2% | -14.9% | 11.4% | 5.8% |
| Return on assets | -0.2% | -2.2% | 1.3% | -3.5% | 3.1% | 1.9% |
| Free cash flow yield | 1.5% | 21.2% | 17.3% | 2.8% | 9.1% | 0.8% |
| Revenue growth | -1.4% | -8.3% | 6.6% | 2.5% | 65.5% | 12.6% |
| Earnings growth | -92.1% | -277.6% | -137.6% | -221.0% | 105.7% | -32.7% |
| Current ratio | 0.81x | 1.01x | 0.93x | 0.93x | 0.93x | 1.23x |
| Debt to equity | 0.28x | 1.13x | 0.91x | 1.71x | 0.91x | 0.54x |
| Equity ratio | 24.1% | 27.3% | 31.0% | 23.7% | 27.2% | 33.2% |
| Interest coverage | 0.79x | -0.45x | 1.44x | -0.88x | 4.43x | 5.64x |
| R&D as a share of sales | 1.0% | 1.3% | 1.5% | 1.7% | 1.1% | 2.1% |
| Buybacks as a share of market value | 16.3% | -24.6% | 2.6% | -1.2% | 7.0% | -5.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 10.3% | 16.0% |
| Operating income | — | -2.6% | 1.9% |
| Net income | -62.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.4% | -0.8% | 0.1% | 2.3% |
| Net margin | -1.8% | -1.6% | -0.1% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -373.4 | -15.7 | 37.2 | -7.8 | 16.4 | 24.3 | 18.5 | 14.6 | 30.4 |
| Price to sales | 1.0 | 0.5 | 0.6 | 0.4 | 0.7 | 0.8 | 1.0 | 1.2 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jul 2024.
| FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.035 | 0.11 | 0.16 | 0.079 | 0.143 |
- 7-for-5 split · 16 Apr 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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