W 
15.18
+4.12%
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¥5.91bn
FY2016FY2025
Net income
−CN¥348.0m
FY2016FY2025
Free cash flow
−CN¥208.8m
FY2016FY2025
Shareholders' equity
CN¥3.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.91bn | CN¥6.25bn | CN¥5.10bn | CN¥5.23bn | CN¥4.11bn | CN¥2.60bn | CN¥1.54bn | CN¥1.62bn | CN¥1.56bn | CN¥1.22bn |
| Gross profit | CN¥1.17bn | CN¥710.1m | CN¥660.6m | CN¥904.0m | CN¥673.5m | CN¥571.8m | CN¥338.1m | CN¥410.5m | CN¥395.2m | CN¥352.9m |
| Research and development | CN¥127.9m | CN¥142.9m | CN¥145.2m | CN¥159.6m | CN¥120.1m | CN¥83.5m | CN¥62.5m | CN¥71.6m | CN¥65.0m | CN¥50.3m |
| Operating income | CN¥232.3m | CN¥150.5m | CN¥94.5m | CN¥314.2m | CN¥113.3m | CN¥132.7m | CN¥77.4m | CN¥141.3m | CN¥179.9m | CN¥182.8m |
| Net income | −CN¥348.0m | CN¥115.1m | CN¥50.4m | CN¥237.6m | CN¥97.2m | CN¥83.8m | CN¥71.0m | CN¥125.2m | CN¥155.3m | CN¥154.7m |
| Diluted earnings per share | -1.04 | 0.40 | 0.18 | 0.95 | 0.39 | 0.33 | 0.33 | 0.56 | 0.93 | 0.93 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.97bn | CN¥8.68bn | CN¥7.74bn | CN¥7.35bn | CN¥5.93bn | CN¥5.60bn | CN¥3.93bn | CN¥2.88bn | CN¥2.34bn | CN¥1.93bn |
| Cash and short-term investments | — | CN¥752.8m | CN¥477.5m | CN¥465.5m | CN¥588.7m | CN¥719.8m | CN¥1.15bn | CN¥273.6m | CN¥162.7m | CN¥88.1m |
| Total liabilities | CN¥4.99bn | CN¥4.43bn | CN¥4.51bn | CN¥4.30bn | CN¥3.21bn | CN¥3.02bn | CN¥1.66bn | CN¥840.9m | CN¥1.21bn | CN¥928.7m |
| Debt | CN¥1.27bn | CN¥1.69bn | CN¥2.57bn | CN¥2.23bn | CN¥1.86bn | CN¥1.88bn | CN¥1.30bn | CN¥428.0m | CN¥721.5m | CN¥452.8m |
| Shareholders' equity | CN¥3.98bn | CN¥4.25bn | CN¥3.22bn | CN¥3.05bn | CN¥2.72bn | CN¥2.58bn | CN¥2.27bn | CN¥2.04bn | CN¥1.13bn | CN¥1.00bn |
| Shares outstanding | 334m | 290m | 277m | 249m | 251m | 257m | 212m | 224m | 168m | 166m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥566.8m | CN¥379.2m | CN¥778.6m | CN¥580.4m | CN¥415.4m | CN¥782.9m | CN¥234.8m | CN¥182.8m | CN¥227.6m | CN¥321.9m |
| Capital spending | −CN¥775.6m | −CN¥721.7m | −CN¥905.0m | −CN¥958.3m | −CN¥481.8m | −CN¥225.0m | −CN¥333.0m | −CN¥516.2m | −CN¥356.8m | −CN¥587.3m |
| Free cash flow | −CN¥208.8m | −CN¥342.5m | −CN¥126.4m | −CN¥377.9m | −CN¥66.4m | CN¥557.9m | −CN¥98.2m | −CN¥333.5m | −CN¥129.3m | −CN¥265.4m |
| Dividends paid | −CN¥140.2m | −CN¥155.7m | −CN¥137.2m | −CN¥39.3m | −CN¥39.2m | −CN¥34.7m | −CN¥66.0m | −CN¥31.3m | −CN¥60.2m | −CN¥34.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.49bn | CN¥1.31bn | CN¥1.57bn | CN¥1.54bn | CN¥1.53bn | CN¥1.27bn | CN¥1.55bn | CN¥1.63bn |
| Gross profit | CN¥95.3m | CN¥96.9m | CN¥88.6m | CN¥241.8m | CN¥135.6m | CN¥170.6m | CN¥5.5m | CN¥253.8m |
| Operating income | −CN¥25.5m | −CN¥4.4m | CN¥8.4m | CN¥15.3m | CN¥30.0m | CN¥20.7m | CN¥8.3m | CN¥34.6m |
| Net income | −CN¥136.1m | −CN¥79.8m | −CN¥350.3m | −CN¥10.8m | CN¥9.2m | CN¥3.9m | CN¥17.9m | CN¥15.4m |
| Diluted earnings per share | -0.41 | -0.24 | -1.05 | -0.03 | 0.03 | 0.01 | 0.06 | 0.05 |
| Cash from operations | — | — | — | CN¥115.0m | CN¥67.0m | −CN¥27.0m | CN¥183.0m | −CN¥55.0m |
| Capital spending | −CN¥163.0m | −CN¥120.0m | −CN¥243.0m | −CN¥237.0m | −CN¥144.0m | −CN¥149.0m | −CN¥198.0m | −CN¥190.0m |
| Free cash flow | — | — | — | −CN¥122.0m | −CN¥77.0m | −CN¥176.0m | −CN¥15.0m | −CN¥245.0m |
| Total assets | CN¥9.48bn | CN¥9.01bn | CN¥8.97bn | CN¥9.08bn | CN¥8.94bn | CN¥8.93bn | CN¥8.68bn | CN¥8.82bn |
| Cash and short-term investments | — | — | — | CN¥542.3m | CN¥583.3m | CN¥997.8m | CN¥752.8m | CN¥861.9m |
| Debt | CN¥1.31bn | CN¥1.24bn | CN¥1.27bn | CN¥1.30bn | CN¥2.05bn | CN¥2.16bn | CN¥1.66bn | CN¥1.66bn |
| Shareholders' equity | CN¥3.83bn | CN¥3.89bn | CN¥3.98bn | CN¥4.32bn | CN¥4.30bn | CN¥4.27bn | CN¥4.25bn | CN¥4.17bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.8% | 11.4% | 12.9% | 17.3% | 16.4% | 22.0% |
| Operating margin | -2.4% | 4.2% | 3.6% | 6.6% | 4.8% | 7.5% |
| Net margin | -5.9% | 1.8% | 1.0% | 4.5% | 2.4% | 3.2% |
| Return on equity | -8.7% | 2.7% | 1.6% | 7.8% | 3.6% | 3.2% |
| Return on assets | -3.9% | 1.3% | 0.7% | 3.2% | 1.6% | 1.5% |
| Free cash flow yield | 27.5% | 26.0% | 41.5% | 42.2% | 24.4% | 26.8% |
| Revenue growth | -5.4% | 22.5% | -2.4% | 27.2% | 58.0% | 69.2% |
| Earnings growth | -402.4% | 128.2% | -78.8% | 144.5% | 15.9% | 18.0% |
| Current ratio | 0.88x | 0.92x | 0.81x | 0.87x | 1.20x | 1.18x |
| Debt to equity | 0.32x | 0.39x | 0.79x | 0.60x | 0.59x | 0.73x |
| Equity ratio | 44.4% | 48.9% | 41.7% | 41.4% | 45.8% | 46.1% |
| Interest coverage | -1.43x | 2.26x | 1.76x | 4.21x | 2.16x | 2.65x |
| R&D as a share of sales | 2.2% | 2.3% | 2.8% | 3.1% | 2.9% | 3.2% |
| Buybacks as a share of market value | -15.2% | -4.6% | -11.0% | 0.7% | 2.3% | -21.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.2% | 17.8% | 17.6% |
| Operating income | -9.6% | 11.8% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.5% | 15.3% | 16.1% | 18.1% |
| Operating margin | 3.1% | 3.5% | 3.6% | 4.9% |
| Net margin | -1.9% | 0.2% | 0.8% | 2.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -18.5 | 59.6 | 213.1 | 60.5 | 151.0 | 84.1 | 72.8 | 40.3 |
| Price to sales | 1.1 | 1.1 | 2.1 | 2.8 | 3.6 | 2.7 | 3.4 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 12 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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