J 
10.49
-1.78%
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¥5.42bn
FY2016FY2025
Net income
−CN¥333.4m
FY2016FY2025
Free cash flow
−CN¥508.3m
FY2016FY2025
Shareholders' equity
CN¥1.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.42bn | CN¥5.90bn | CN¥7.51bn | CN¥7.06bn | CN¥3.89bn | CN¥2.29bn | CN¥2.85bn | CN¥3.73bn | CN¥2.20bn | CN¥1.37bn |
| Gross profit | CN¥132.9m | CN¥115.3m | −CN¥230.3m | CN¥994.1m | CN¥206.8m | CN¥9.5m | −CN¥5.5m | CN¥290.0m | CN¥306.7m | CN¥80.9m |
| Research and development | CN¥60.1m | CN¥54.1m | CN¥49.1m | CN¥73.2m | CN¥3.4m | CN¥1.5m | CN¥1.0m | CN¥772,435 | CN¥1.4m | CN¥3.9m |
| Operating income | — | CN¥110.6m | −CN¥355.2m | CN¥775.4m | CN¥47.2m | −CN¥307.1m | −CN¥243.7m | CN¥35.1m | CN¥201.6m | CN¥72.6m |
| Net income | −CN¥333.4m | CN¥25.4m | −CN¥337.3m | CN¥492.3m | CN¥18.2m | −CN¥262.8m | −CN¥225.6m | CN¥190.7m | CN¥219.7m | CN¥29.4m |
| Diluted earnings per share | -0.66 | 0.05 | -0.64 | 0.92 | 0.05 | -0.45 | -0.43 | 0.36 | 0.41 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.54bn | CN¥3.47bn | CN¥3.92bn | CN¥4.56bn | CN¥2.60bn | CN¥2.96bn | CN¥3.33bn | CN¥4.12bn | CN¥4.43bn | CN¥3.02bn |
| Cash and short-term investments | — | CN¥734.9m | CN¥1.21bn | CN¥762.2m | CN¥633.6m | CN¥269.2m | CN¥319.7m | CN¥204.5m | CN¥90.3m | CN¥188.0m |
| Total liabilities | CN¥2.02bn | CN¥1.62bn | CN¥1.95bn | CN¥2.07bn | CN¥705.4m | CN¥1.06bn | CN¥1.16bn | CN¥1.73bn | CN¥2.33bn | CN¥1.17bn |
| Debt | CN¥457.9m | CN¥687.2m | CN¥580.8m | CN¥817.0m | CN¥435.1m | CN¥875.4m | CN¥522.6m | CN¥688.3m | CN¥743.4m | CN¥658.7m |
| Shareholders' equity | CN¥1.47bn | CN¥1.77bn | CN¥1.81bn | CN¥2.31bn | CN¥1.90bn | CN¥1.90bn | CN¥2.16bn | CN¥2.38bn | CN¥2.10bn | CN¥1.88bn |
| Shares outstanding | 501m | 512m | 530m | 534m | 343m | 580m | 526m | 526m | 538m | 460m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥433.8m | −CN¥107.3m | CN¥1.02bn | CN¥79.0m | CN¥706.9m | −CN¥439.7m | CN¥505.6m | CN¥116.7m | −CN¥851.7m | −CN¥156.6m |
| Capital spending | −CN¥74.4m | −CN¥171.1m | −CN¥329.0m | −CN¥194.7m | −CN¥26.6m | −CN¥8.8m | −CN¥21.0m | −CN¥14.8m | −CN¥28.3m | −CN¥71.3m |
| Free cash flow | −CN¥508.3m | −CN¥278.5m | CN¥691.8m | −CN¥115.8m | CN¥680.4m | −CN¥448.6m | CN¥484.5m | CN¥101.9m | −CN¥880.0m | −CN¥227.8m |
| Dividends paid | −CN¥32.6m | −CN¥31.6m | −CN¥244.6m | −CN¥40.6m | −CN¥42.6m | −CN¥26.7m | −CN¥10.9m | −CN¥83.5m | −CN¥37.0m | −CN¥31.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.28bn | CN¥2.08bn | CN¥1.49bn | CN¥1.54bn | CN¥1.30bn | CN¥1.09bn | CN¥1.16bn | CN¥1.39bn |
| Gross profit | CN¥187.5m | CN¥351.1m | CN¥42.9m | CN¥201.7m | −CN¥154.2m | CN¥42.5m | −CN¥56.5m | CN¥82.8m |
| Operating income | CN¥126.8m | CN¥296.5m | −CN¥1.8m | −CN¥19.5m | −CN¥137.4m | −CN¥39.9m | −CN¥14.9m | −CN¥18.8m |
| Net income | CN¥65.3m | CN¥132.5m | −CN¥170.1m | −CN¥19.2m | −CN¥114.6m | −CN¥29.5m | −CN¥25.3m | −CN¥16.1m |
| Diluted earnings per share | 0.13 | 0.26 | -0.34 | -0.04 | -0.23 | -0.06 | -0.05 | -0.03 |
| Cash from operations | — | — | — | −CN¥17.0m | CN¥29.0m | −CN¥463.0m | −CN¥188.0m | −CN¥102.0m |
| Capital spending | −CN¥25.0m | −CN¥10.0m | −CN¥19.0m | −CN¥3.0m | −CN¥21.0m | −CN¥29.0m | −CN¥35.0m | −CN¥22.0m |
| Free cash flow | — | — | — | −CN¥20.0m | CN¥8.0m | −CN¥492.0m | −CN¥223.0m | −CN¥124.0m |
| Total assets | CN¥3.97bn | CN¥3.66bn | CN¥3.54bn | CN¥3.56bn | CN¥3.31bn | CN¥3.64bn | CN¥3.47bn | CN¥3.76bn |
| Cash and short-term investments | — | — | — | CN¥349.9m | CN¥332.5m | CN¥407.8m | CN¥734.9m | CN¥929.7m |
| Debt | CN¥474.0m | CN¥547.9m | CN¥457.9m | CN¥561.5m | CN¥826.4m | CN¥888.9m | CN¥672.3m | CN¥554.0m |
| Shareholders' equity | CN¥1.70bn | CN¥1.62bn | CN¥1.47bn | CN¥1.66bn | CN¥1.63bn | CN¥1.74bn | CN¥1.77bn | CN¥1.79bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.5% | 2.0% | -3.1% | 14.1% | 5.3% | 0.4% |
| Operating margin | -5.4% | 1.9% | -4.4% | 11.6% | 2.3% | -11.7% |
| Net margin | -6.1% | 0.4% | -4.5% | 7.0% | 0.5% | -11.5% |
| Return on equity | -22.6% | 1.4% | -18.6% | 21.3% | 1.0% | -13.8% |
| Return on assets | -9.4% | 0.7% | -8.6% | 10.8% | 0.7% | -8.9% |
| Free cash flow yield | -6.1% | 1.1% | 21.8% | 4.4% | 18.3% | -6.4% |
| Revenue growth | -8.0% | -21.5% | 6.3% | 81.6% | 69.8% | -19.8% |
| Earnings growth | -1411.3% | -107.5% | -168.5% | 2605.7% | -106.9% | 16.5% |
| Current ratio | 1.32x | 1.78x | 1.78x | 2.16x | 2.60x | 1.90x |
| Debt to equity | 0.31x | 0.38x | 0.32x | 0.29x | 0.39x | 0.46x |
| Equity ratio | 41.6% | 51.1% | 46.4% | 50.6% | 73.1% | 64.3% |
| Interest coverage | -5.79x | 2.50x | -4.98x | 16.94x | 1.91x | -7.26x |
| R&D as a share of sales | 1.1% | 0.9% | 0.7% | 1.0% | 0.1% | 0.1% |
| Buybacks as a share of market value | 2.1% | 3.3% | 0.7% | -55.6% | 40.9% | -10.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.4% | 18.8% | 12.9% |
| Net income | — | 4.9% | -0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.2% | 3.9% | 3.8% | 4.0% |
| Net margin | -2.7% | -0.6% | -1.2% | -1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.6 | 181.4 | -16.1 | 15.0 | 124.6 | -10.6 | -31.5 | 27.1 | 37.3 | 175.4 |
| Price to sales | 1.0 | 0.8 | 0.7 | 1.0 | 0.6 | 1.2 | 2.5 | 1.4 | 3.7 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 May 2023.
| FY2023 | FY2019 | FY2018 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.02 | 0.061 | 0.024 | 0.024 | 0.039 |
- 7-for-5 split · 27 May 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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