H 
4.80
-1.44%
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¥2.94bn
FY2016FY2025
Net income
−CN¥189.8m
FY2016FY2025
Free cash flow
CN¥181.0m
FY2016FY2025
Shareholders' equity
CN¥3.55bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.94bn | CN¥3.46bn | CN¥3.60bn | CN¥3.42bn | CN¥3.89bn | CN¥3.22bn | CN¥3.21bn | CN¥2.90bn | CN¥2.75bn | CN¥2.28bn |
| Gross profit | CN¥714.8m | CN¥912.1m | CN¥889.4m | CN¥836.5m | CN¥1.07bn | CN¥1.01bn | CN¥1.05bn | CN¥810.0m | CN¥732.9m | CN¥616.8m |
| Research and development | CN¥122.5m | CN¥139.7m | CN¥150.0m | CN¥141.7m | CN¥166.9m | CN¥134.7m | CN¥123.7m | CN¥88.9m | CN¥84.3m | CN¥80.9m |
| Operating income | −CN¥85.6m | CN¥165.5m | −CN¥200.9m | CN¥165.0m | CN¥357.1m | CN¥368.6m | CN¥419.8m | CN¥301.5m | CN¥307.3m | CN¥261.7m |
| Net income | −CN¥189.8m | CN¥138.9m | −CN¥196.6m | CN¥128.2m | CN¥235.3m | CN¥307.4m | CN¥329.0m | CN¥238.8m | CN¥226.6m | CN¥210.1m |
| Diluted earnings per share | -0.50 | 0.35 | -0.50 | 0.32 | 0.63 | 0.82 | 0.89 | 0.66 | 0.74 | 0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.88bn | CN¥5.54bn | CN¥5.84bn | CN¥5.98bn | CN¥6.33bn | CN¥5.65bn | CN¥4.77bn | CN¥4.41bn | CN¥4.07bn | CN¥3.30bn |
| Cash and short-term investments | — | CN¥432.9m | CN¥212.6m | CN¥393.8m | CN¥786.8m | CN¥1.50bn | CN¥739.6m | CN¥190.1m | CN¥245.1m | CN¥314.8m |
| Total liabilities | CN¥1.24bn | CN¥1.64bn | CN¥2.01bn | CN¥1.89bn | CN¥2.28bn | CN¥1.80bn | CN¥1.22bn | CN¥1.10bn | CN¥927.9m | CN¥1.21bn |
| Debt | — | CN¥116.2m | CN¥181.3m | CN¥517.8m | CN¥598.2m | CN¥250.3m | CN¥70.0m | CN¥190.0m | CN¥220.0m | CN¥500.0m |
| Shareholders' equity | CN¥3.55bn | CN¥3.78bn | CN¥3.65bn | CN¥3.90bn | CN¥3.85bn | CN¥3.69bn | CN¥3.39bn | CN¥3.15bn | CN¥3.00bn | CN¥1.94bn |
| Shares outstanding | 382m | 399m | 394m | 401m | 371m | 373m | 371m | 361m | 308m | 269m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥204.3m | CN¥181.0m | CN¥504.3m | CN¥461.3m | −CN¥214.0m | CN¥758.9m | CN¥226.8m | −CN¥58.2m | CN¥263.5m | CN¥349.1m |
| Capital spending | −CN¥23.3m | −CN¥40.8m | −CN¥39.9m | −CN¥92.1m | −CN¥283.8m | −CN¥258.8m | −CN¥305.9m | −CN¥263.5m | −CN¥101.6m | −CN¥58.5m |
| Free cash flow | CN¥181.0m | CN¥140.2m | CN¥464.5m | CN¥369.3m | −CN¥497.9m | CN¥500.1m | −CN¥79.1m | −CN¥321.7m | CN¥162.0m | CN¥290.6m |
| Dividends paid | −CN¥48.3m | −CN¥14.1m | −CN¥38.6m | −CN¥71.5m | −CN¥92.3m | −CN¥85.0m | −CN¥85.0m | −CN¥97.2m | −CN¥97.6m | −CN¥92.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥570.4m | CN¥577.9m | CN¥734.3m | CN¥785.2m | CN¥762.1m | CN¥662.7m | CN¥986.6m | CN¥893.1m |
| Gross profit | CN¥111.5m | CN¥134.4m | CN¥159.6m | CN¥212.4m | CN¥165.8m | CN¥176.8m | CN¥233.9m | CN¥244.3m |
| Operating income | −CN¥63.2m | −CN¥25.4m | −CN¥75.1m | −CN¥744,419 | CN¥5.0m | CN¥10.7m | CN¥56.5m | CN¥44.5m |
| Net income | −CN¥49.7m | −CN¥30.5m | −CN¥205.1m | −CN¥2.7m | CN¥7.2m | CN¥10.8m | CN¥45.5m | CN¥33.1m |
| Diluted earnings per share | -0.13 | -0.08 | -0.54 | -0.01 | 0.02 | 0.03 | 0.11 | 0.08 |
| Cash from operations | — | — | — | CN¥135.0m | −CN¥35.0m | CN¥44.0m | — | CN¥181.0m |
| Capital spending | −CN¥9.0m | −CN¥1.0m | −CN¥5.0m | −CN¥7.0m | −CN¥4.0m | −CN¥5.0m | −CN¥15.0m | −CN¥7.0m |
| Free cash flow | — | — | — | CN¥128.0m | −CN¥39.0m | CN¥39.0m | — | CN¥174.0m |
| Total assets | CN¥4.72bn | CN¥4.71bn | CN¥4.88bn | CN¥5.12bn | CN¥5.18bn | CN¥5.33bn | CN¥5.54bn | CN¥5.80bn |
| Cash and short-term investments | — | — | — | CN¥797.6m | CN¥315.3m | CN¥408.6m | CN¥432.9m | CN¥932.4m |
| Debt | — | — | — | CN¥254.3m | CN¥94.3m | CN¥78.0m | CN¥105.0m | CN¥102.0m |
| Shareholders' equity | CN¥3.47bn | CN¥3.52bn | CN¥3.55bn | CN¥3.75bn | CN¥3.76bn | CN¥3.79bn | CN¥3.78bn | CN¥3.74bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 24.3% | 26.3% | 24.7% | 24.5% | 27.5% | 31.4% | — |
| Operating margin | -6.6% | 5.2% | -4.5% | 5.4% | 8.5% | 11.7% | — |
| Net margin | -6.4% | 4.0% | -5.5% | 3.7% | 6.0% | 9.6% | — |
| Return on equity | -5.3% | 3.7% | -5.4% | 3.3% | 6.1% | 8.3% | — |
| Return on assets | -3.9% | 2.5% | -3.4% | 2.1% | 3.7% | 5.4% | — |
| Free cash flow yield | 11.4% | 10.6% | 26.3% | 26.3% | 3.6% | 51.9% | — |
| Revenue growth | -14.9% | -3.9% | 5.4% | -12.2% | 21.0% | 0.2% | — |
| Earnings growth | -236.6% | -170.7% | -253.4% | -45.5% | -23.4% | -6.6% | — |
| Current ratio | 2.32x | 1.99x | 1.31x | 1.68x | 1.99x | 2.21x | — |
| Debt to equity | — | 0.03x | 0.04x | 0.13x | 0.15x | 0.07x | 0.02x |
| Equity ratio | 72.7% | 68.3% | 62.4% | 65.2% | 60.9% | 65.3% | — |
| Interest coverage | -30.19x | 10.86x | -10.99x | 6.70x | 11.00x | 34.30x | — |
| R&D as a share of sales | 4.2% | 4.0% | 4.2% | 4.1% | 4.3% | 4.2% | — |
| Buybacks as a share of market value | 4.3% | -1.2% | 1.8% | -8.0% | 0.5% | -0.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.9% | -1.8% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.4% | 25.0% | 26.5% | 27.2% |
| Operating margin | 1.2% | 0.3% | 3.7% | 6.4% |
| Net margin | -0.8% | -0.9% | 2.1% | 4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.7 | 18.2 | -16.0 | 21.7 | 17.5 | 13.2 | 13.0 | 12.1 | 22.9 |
| Price to sales | 0.9 | 0.7 | 0.9 | 0.8 | 1.1 | 1.3 | 1.3 | 1.0 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 9 Jun 2025.
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.11 | 0.101 | 0.186 | 0.243 | 0.23 | 0.23 | 0.231 |
- 13-for-10 split · 15 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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