H 
4.93
-1.60%
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¥798.1m
FY2016FY2025
Net income
−CN¥1.37bn
FY2016FY2025
Free cash flow
CN¥253.6m
FY2016FY2025
Shareholders' equity
CN¥6.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥798.1m | CN¥2.70bn | CN¥3.14bn | CN¥4.21bn | CN¥4.13bn | CN¥3.40bn | CN¥3.29bn | CN¥2.78bn | CN¥3.14bn | CN¥2.39bn |
| Research and development | CN¥46.3m | CN¥38.0m | CN¥80.2m | CN¥70.9m | CN¥55.2m | CN¥81.3m | CN¥86.5m | CN¥90.9m | CN¥93.7m | CN¥70.9m |
| Operating income | −CN¥417.9m | CN¥523.3m | CN¥473.2m | CN¥297.5m | CN¥456.1m | CN¥510.6m | CN¥547.4m | CN¥574.2m | CN¥647.9m | CN¥491.3m |
| Net income | −CN¥1.37bn | CN¥438.2m | CN¥472.7m | CN¥185.4m | CN¥332.1m | CN¥436.3m | CN¥408.6m | CN¥462.4m | CN¥520.9m | CN¥509.6m |
| Diluted earnings per share | -1.45 | 0.47 | 0.50 | 0.20 | 0.37 | 0.51 | 0.49 | 0.54 | 0.61 | 0.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥10.63bn | CN¥12.71bn | CN¥12.47bn | CN¥11.68bn | CN¥11.51bn | CN¥10.23bn | CN¥9.02bn | CN¥8.18bn | CN¥6.89bn | CN¥6.42bn |
| Cash and short-term investments | — | CN¥1.05bn | CN¥1.47bn | CN¥1.00bn | CN¥1.55bn | CN¥1.54bn | CN¥2.55bn | CN¥2.25bn | CN¥1.80bn | CN¥1.18bn |
| Total liabilities | CN¥4.36bn | CN¥4.42bn | CN¥4.43bn | CN¥4.57bn | CN¥4.45bn | CN¥4.73bn | CN¥3.77bn | CN¥3.20bn | CN¥2.21bn | CN¥2.11bn |
| Debt | CN¥47.0m | CN¥2.85bn | CN¥3.15bn | CN¥2.93bn | CN¥2.94bn | CN¥3.21bn | CN¥2.69bn | CN¥2.15bn | CN¥1.40bn | CN¥1.43bn |
| Shareholders' equity | CN¥6.28bn | CN¥7.80bn | CN¥7.55bn | CN¥7.10bn | CN¥7.04bn | CN¥5.49bn | CN¥5.24bn | CN¥4.97bn | CN¥4.67bn | CN¥4.30bn |
| Shares outstanding | 939m | 941m | 940m | 941m | 909m | 849m | 842m | 849m | 849m | 849m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥322.1m | CN¥164.3m | −CN¥457.9m | −CN¥326.8m | −CN¥433.9m | CN¥155.2m | CN¥220.9m | CN¥367.4m | CN¥853.2m | CN¥15.8m |
| Capital spending | −CN¥68.5m | −CN¥189.2m | −CN¥95.1m | −CN¥404.3m | −CN¥448.6m | −CN¥868.6m | −CN¥178.8m | −CN¥419.6m | −CN¥492.4m | −CN¥318.7m |
| Free cash flow | CN¥253.6m | −CN¥24.8m | −CN¥553.0m | −CN¥731.1m | −CN¥882.6m | −CN¥713.5m | CN¥42.1m | −CN¥52.2m | CN¥360.8m | −CN¥302.9m |
| Dividends paid | −CN¥276.6m | −CN¥324.3m | −CN¥158.3m | −CN¥99.8m | −CN¥143.7m | −CN¥184.3m | −CN¥139.3m | −CN¥232.7m | −CN¥202.3m | −CN¥265.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥113.9m | CN¥181.7m | −CN¥120.7m | CN¥204.9m | CN¥244.5m | CN¥468.9m | CN¥676.7m | CN¥366.6m |
| Operating income | −CN¥61.3m | −CN¥83.2m | −CN¥427.6m | −CN¥333.6m | −CN¥200.0m | CN¥89.1m | CN¥83.7m | −CN¥60.7m |
| Net income | −CN¥91.0m | −CN¥179.9m | −CN¥993.4m | −CN¥294.8m | −CN¥153.6m | CN¥75.3m | CN¥40.5m | CN¥4.4m |
| Diluted earnings per share | -0.10 | -0.19 | -1.06 | -0.31 | -0.16 | 0.08 | 0.04 | 0.00 |
| Cash from operations | — | — | — | CN¥283.0m | CN¥204.0m | −CN¥266.0m | — | CN¥39.0m |
| Capital spending | −CN¥6.0m | −CN¥11.0m | −CN¥3.0m | −CN¥21.0m | −CN¥14.0m | −CN¥29.0m | −CN¥121.0m | −CN¥48.0m |
| Free cash flow | — | — | — | CN¥262.0m | CN¥190.0m | −CN¥295.0m | — | −CN¥9.0m |
| Total assets | CN¥10.27bn | CN¥10.50bn | CN¥10.63bn | CN¥11.80bn | CN¥12.32bn | CN¥12.87bn | CN¥12.71bn | CN¥12.70bn |
| Cash and short-term investments | — | — | — | CN¥204.3m | CN¥242.4m | CN¥781.4m | CN¥1.05bn | CN¥966.2m |
| Debt | CN¥336.0m | CN¥506.0m | CN¥47.0m | CN¥2.68bn | CN¥2.02bn | CN¥2.23bn | CN¥2.84bn | CN¥2.72bn |
| Shareholders' equity | CN¥6.01bn | CN¥6.10bn | CN¥6.28bn | CN¥7.29bn | CN¥7.72bn | CN¥7.88bn | CN¥7.80bn | CN¥7.76bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -186.5% | 22.3% | 5.9% | -5.1% | 6.6% | 17.2% |
| Net margin | -171.2% | 16.2% | 15.1% | 4.4% | 8.0% | 12.8% |
| Return on equity | -21.8% | 5.6% | 6.3% | 2.6% | 4.7% | 7.9% |
| Return on assets | -12.9% | 3.4% | 3.8% | 1.6% | 2.9% | 4.3% |
| Free cash flow yield | 7.7% | 7.0% | -7.1% | 1.5% | 0.3% | 22.3% |
| Revenue growth | -70.5% | -13.8% | -25.5% | 2.1% | 21.2% | 3.4% |
| Earnings growth | -411.8% | -7.3% | 154.9% | -44.2% | -23.9% | 6.8% |
| Current ratio | 1.26x | 2.85x | 2.60x | 1.65x | 2.37x | 2.66x |
| Debt to equity | 0.01x | 0.36x | 0.42x | 0.25x | 0.27x | 0.58x |
| Equity ratio | 59.1% | 61.4% | 60.6% | 60.8% | 61.2% | 53.7% |
| Interest coverage | -10.71x | 4.15x | 1.37x | -1.53x | 1.83x | 3.86x |
| R&D as a share of sales | 5.8% | 1.4% | 2.6% | 1.7% | 1.3% | 2.4% |
| Buybacks as a share of market value | 0.1% | -0.1% | 0.1% | -3.5% | -7.1% | -0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -42.6% | -25.2% | -9.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.0% | 8.1% | 10.0% | 14.9% |
| Net margin | -26.5% | -2.5% | 2.7% | 9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.1 | 24.9 | 24.2 | 64.7 | 41.9 | 21.7 | 26.3 | 22.0 | 23.0 | 32.9 |
| Price to sales | 10.5 | 4.0 | 3.6 | 2.9 | 3.4 | 2.8 | 3.3 | 3.7 | 3.8 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 20 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.20 | 0.028 | 0.106 | 0.217 | 0.164 | 0.185 | 0.181 |
- 2-for-1 split · 13 Jun 2016
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.