Z 
9.45
-0.94%
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¥1.54bn
FY2016FY2025
Net income
−CN¥169.6m
FY2016FY2025
Free cash flow
CN¥485.0m
FY2016FY2025
Shareholders' equity
CN¥853.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.54bn | CN¥1.02bn | CN¥892.3m | CN¥762.9m | CN¥825.9m | CN¥575.5m | CN¥340.0m | CN¥326.7m | CN¥298.9m | CN¥273.5m |
| Research and development | CN¥58.4m | CN¥45.0m | CN¥34.8m | CN¥28.6m | CN¥26.4m | CN¥16.7m | CN¥14.0m | CN¥13.0m | CN¥11.0m | CN¥10.6m |
| Operating income | CN¥114.3m | −CN¥98.4m | CN¥122.3m | CN¥109.3m | CN¥106.6m | CN¥91.1m | CN¥69.1m | CN¥67.0m | CN¥61.5m | CN¥44.3m |
| Net income | −CN¥169.6m | −CN¥65.6m | CN¥116.0m | CN¥104.2m | CN¥98.5m | CN¥83.4m | CN¥61.6m | CN¥60.1m | CN¥55.4m | CN¥47.7m |
| Diluted earnings per share | -0.92 | -0.32 | 0.67 | 0.58 | 0.55 | 0.53 | 0.39 | 0.37 | 0.36 | 0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.46bn | CN¥4.45bn | CN¥2.69bn | CN¥1.21bn | CN¥1.26bn | CN¥1.07bn | CN¥931.5m | CN¥635.3m | CN¥602.0m | CN¥299.0m |
| Cash and short-term investments | — | CN¥522.1m | CN¥488.3m | CN¥95.9m | CN¥113.5m | CN¥140.7m | CN¥326.5m | CN¥35.7m | CN¥40.6m | CN¥14.6m |
| Total liabilities | CN¥3.68bn | CN¥3.44bn | CN¥1.57bn | CN¥238.5m | CN¥311.1m | CN¥327.4m | CN¥298.3m | CN¥95.6m | CN¥105.8m | CN¥78.1m |
| Debt | CN¥410.6m | CN¥514.3m | CN¥60.6m | CN¥75.3m | CN¥73.4m | CN¥153.8m | CN¥174.6m | CN¥38.0m | CN¥30.1m | CN¥25.3m |
| Shareholders' equity | CN¥853.3m | CN¥1.01bn | CN¥1.08bn | CN¥961.0m | CN¥934.8m | CN¥746.0m | CN¥633.2m | CN¥539.7m | CN¥496.2m | CN¥221.0m |
| Shares outstanding | 184m | 203m | 173m | 181m | 179m | 158m | 157m | 160m | 153m | 124m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥630.2m | CN¥7.5m | CN¥125.1m | −CN¥49.6m | CN¥16.6m | CN¥30.9m | CN¥245.3m | −CN¥9.8m | CN¥36.4m | CN¥41.8m |
| Capital spending | −CN¥145.2m | −CN¥1.13bn | −CN¥424.7m | −CN¥24.7m | −CN¥50.7m | −CN¥44.0m | −CN¥69.7m | −CN¥35.2m | −CN¥21.6m | −CN¥3.7m |
| Free cash flow | CN¥485.0m | −CN¥1.12bn | −CN¥299.7m | −CN¥74.2m | −CN¥34.0m | −CN¥13.1m | CN¥175.6m | −CN¥45.0m | CN¥14.8m | CN¥38.1m |
| Dividends paid | −CN¥26.8m | −CN¥29.1m | −CN¥31.6m | −CN¥30.3m | −CN¥29.6m | −CN¥22.3m | −CN¥18.5m | −CN¥17.7m | −CN¥344,447 | −CN¥53.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥410.2m | CN¥424.4m | CN¥400.3m | CN¥342.0m | CN¥424.7m | CN¥371.4m | CN¥315.4m | CN¥163.3m |
| Operating income | CN¥20.1m | CN¥20.9m | CN¥63.6m | −CN¥8.0m | −CN¥39.9m | CN¥9.3m | −CN¥104.0m | −CN¥32.8m |
| Net income | −CN¥36.6m | −CN¥3.0m | −CN¥131.9m | −CN¥7.6m | −CN¥40.5m | CN¥10.3m | −CN¥93.6m | −CN¥28.5m |
| Diluted earnings per share | -0.20 | -0.02 | -0.72 | -0.04 | -0.22 | 0.06 | -0.46 | -0.14 |
| Cash from operations | — | — | — | CN¥218.0m | CN¥131.0m | CN¥98.0m | — | −CN¥37.0m |
| Capital spending | — | −CN¥43.0m | — | −CN¥14.0m | −CN¥66.0m | −CN¥87.0m | −CN¥234.0m | −CN¥14.0m |
| Free cash flow | — | — | — | CN¥204.0m | CN¥65.0m | CN¥11.0m | — | −CN¥51.0m |
| Total assets | CN¥4.93bn | CN¥5.08bn | CN¥4.46bn | CN¥4.49bn | CN¥4.51bn | CN¥4.59bn | CN¥4.45bn | CN¥4.08bn |
| Cash and short-term investments | — | — | — | CN¥503.3m | CN¥508.3m | CN¥588.2m | CN¥522.1m | CN¥432.9m |
| Debt | CN¥380.5m | CN¥410.6m | CN¥410.6m | CN¥207.4m | CN¥491.9m | CN¥512.4m | CN¥513.9m | CN¥748.3m |
| Shareholders' equity | CN¥1.38bn | CN¥1.42bn | CN¥853.3m | CN¥980.6m | CN¥986.1m | CN¥1.02bn | CN¥1.01bn | CN¥1.10bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.1% | -6.4% | 14.6% | 14.4% | 14.0% | 17.7% |
| Net margin | -11.0% | -6.5% | 13.0% | 13.7% | 11.9% | 14.5% |
| Return on equity | -19.9% | -6.5% | 10.7% | 10.8% | 10.5% | 11.2% |
| Return on assets | -3.8% | -1.5% | 4.3% | 8.6% | 7.8% | 7.8% |
| Free cash flow yield | 30.5% | 40.4% | 23.1% | -1.0% | 2.7% | 3.4% |
| Revenue growth | 51.5% | 13.8% | 17.0% | -7.6% | 43.5% | 69.2% |
| Earnings growth | 158.6% | -156.5% | 11.3% | 5.8% | 18.1% | 35.3% |
| Current ratio | 0.79x | 0.99x | 1.43x | 3.83x | 2.97x | 4.32x |
| Debt to equity | 0.48x | 0.51x | 0.06x | 0.08x | 0.08x | 0.25x |
| Equity ratio | 19.1% | 22.8% | 40.3% | 79.5% | 74.2% | 69.5% |
| Interest coverage | -1.66x | -1.80x | 13.98x | 40.44x | 10.72x | 7.02x |
| R&D as a share of sales | 3.8% | 4.4% | 3.9% | 3.8% | 3.2% | 2.9% |
| Buybacks as a share of market value | 9.5% | -17.7% | 4.5% | -1.2% | -13.4% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.3% | 21.7% | 20.5% |
| Operating income | 1.5% | 4.6% | 13.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.6% | 5.9% | 7.9% | 10.1% |
| Net margin | -9.2% | -0.4% | 3.0% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.1 | -36.7 | 21.3 | 21.6 | 23.6 | 23.1 | 28.0 | 27.5 | 49.1 |
| Price to sales | 1.4 | 2.4 | 2.8 | 3.0 | 2.8 | 3.3 | 5.1 | 5.1 | 9.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.18 | 0.22 | 0.154 | 0.115 | 0.115 | 0.11 |
- 13-for-10 split · 19 May 2022
- 7-for-5 split · 28 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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