H 
11.28
-0.35%
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¥1.84bn
FY2016FY2025
Net income
−CN¥163.0m
FY2016FY2025
Free cash flow
−CN¥122.4m
FY2016FY2025
Shareholders' equity
CN¥885.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.84bn | CN¥1.66bn | CN¥1.36bn | CN¥1.13bn | CN¥883.8m | CN¥777.6m | CN¥864.8m | CN¥583.7m | CN¥588.0m | CN¥511.0m |
| Gross profit | CN¥279.6m | CN¥276.0m | CN¥194.2m | CN¥141.5m | CN¥99.7m | CN¥89.0m | CN¥119.4m | CN¥100.5m | CN¥111.1m | CN¥105.3m |
| Research and development | CN¥80.3m | CN¥73.5m | CN¥59.7m | CN¥46.5m | CN¥36.1m | CN¥36.5m | CN¥35.3m | CN¥25.3m | CN¥23.9m | CN¥19.1m |
| Operating income | CN¥53.3m | CN¥40.6m | CN¥34.2m | CN¥19.8m | CN¥13.9m | −CN¥767,421 | CN¥35.0m | CN¥47.0m | CN¥70.1m | CN¥65.7m |
| Net income | −CN¥163.0m | CN¥18.9m | CN¥32.9m | CN¥21.9m | CN¥17.7m | CN¥16.6m | CN¥38.5m | CN¥44.5m | CN¥59.9m | CN¥53.7m |
| Diluted earnings per share | -0.69 | 0.07 | 0.18 | 0.14 | 0.10 | 0.08 | 0.19 | 0.19 | 0.28 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.43bn | CN¥2.33bn | CN¥1.69bn | CN¥1.59bn | CN¥1.66bn | CN¥1.58bn | CN¥1.21bn | CN¥1.09bn | CN¥1.02bn | CN¥733.3m |
| Cash and short-term investments | — | CN¥320.7m | CN¥278.4m | CN¥388.4m | CN¥505.2m | CN¥485.9m | CN¥299.9m | CN¥319.0m | CN¥329.8m | CN¥238.3m |
| Total liabilities | CN¥1.53bn | CN¥1.28bn | CN¥890.0m | CN¥841.1m | CN¥925.8m | CN¥849.4m | CN¥499.7m | CN¥410.6m | CN¥369.0m | CN¥409.2m |
| Debt | — | CN¥556.3m | CN¥307.8m | CN¥296.0m | CN¥344.0m | CN¥321.3m | CN¥73.2m | CN¥20.0m | — | CN¥70.0m |
| Shareholders' equity | CN¥885.7m | CN¥1.04bn | CN¥786.5m | CN¥755.4m | CN¥739.3m | CN¥728.5m | CN¥703.0m | CN¥675.4m | CN¥642.9m | CN¥317.6m |
| Shares outstanding | 236m | 260m | 188m | 152m | 177m | 219m | 199m | 229m | 212m | 154m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥68.7m | −CN¥271.8m | CN¥74.1m | CN¥129.8m | CN¥161.1m | CN¥44.2m | −CN¥64.0m | −CN¥17.1m | CN¥32.7m | CN¥117.8m |
| Capital spending | −CN¥53.7m | −CN¥126.1m | −CN¥134.4m | −CN¥224.1m | −CN¥165.6m | −CN¥116.8m | −CN¥82.3m | −CN¥16.6m | −CN¥4.0m | −CN¥4.2m |
| Free cash flow | −CN¥122.4m | −CN¥397.9m | −CN¥60.3m | −CN¥94.2m | −CN¥4.5m | −CN¥72.5m | −CN¥146.3m | −CN¥33.7m | CN¥28.7m | CN¥113.6m |
| Dividends paid | −CN¥35.2m | −CN¥23.0m | −CN¥13.4m | −CN¥6.1m | −CN¥6.1m | −CN¥6.3m | −CN¥6.7m | −CN¥12.8m | −CN¥2.4m | −CN¥11.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥534.7m | CN¥448.8m | CN¥521.2m | CN¥517.7m | CN¥452.1m | CN¥345.4m | CN¥324.6m | CN¥432.8m |
| Gross profit | CN¥84.5m | CN¥71.9m | CN¥74.4m | CN¥69.5m | CN¥69.6m | CN¥66.1m | CN¥75.7m | CN¥73.8m |
| Operating income | CN¥27.3m | CN¥12.8m | CN¥5.9m | CN¥22.4m | CN¥9.8m | CN¥4.8m | −CN¥1.5m | CN¥18.8m |
| Net income | CN¥10.0m | CN¥5.0m | −CN¥193.6m | CN¥18.9m | CN¥8.3m | CN¥3.4m | −CN¥2.3m | CN¥13.1m |
| Diluted earnings per share | 0.04 | 0.02 | -0.82 | 0.08 | 0.04 | 0.01 | -0.01 | 0.05 |
| Cash from operations | — | — | — | −CN¥112.0m | CN¥71.0m | −CN¥185.0m | — | −CN¥4.0m |
| Capital spending | −CN¥21.0m | −CN¥37.0m | −CN¥20.0m | −CN¥11.0m | −CN¥9.0m | −CN¥12.0m | −CN¥21.0m | −CN¥16.0m |
| Free cash flow | — | — | — | −CN¥123.0m | CN¥62.0m | −CN¥197.0m | — | −CN¥20.0m |
| Total assets | CN¥2.26bn | CN¥2.32bn | CN¥2.43bn | CN¥2.53bn | CN¥2.37bn | CN¥2.46bn | CN¥2.33bn | CN¥2.16bn |
| Cash and short-term investments | — | — | — | CN¥247.1m | CN¥217.3m | CN¥161.3m | CN¥320.7m | CN¥293.3m |
| Debt | — | — | — | CN¥851.6m | CN¥717.7m | CN¥707.0m | CN¥547.4m | CN¥704.9m |
| Shareholders' equity | CN¥912.2m | CN¥891.1m | CN¥885.7m | CN¥1.06bn | CN¥1.04bn | CN¥1.05bn | CN¥1.04bn | CN¥718.1m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 15.2% | 16.6% | 14.3% | 12.5% | 11.3% | 11.5% | — |
| Operating margin | -7.0% | 4.0% | 3.7% | 3.0% | 3.4% | 1.3% | — |
| Net margin | -8.9% | 1.1% | 2.4% | 1.9% | 2.0% | 2.1% | — |
| Return on equity | -18.4% | 1.8% | 4.2% | 2.9% | 2.4% | 2.3% | — |
| Return on assets | -6.7% | 0.8% | 1.9% | 1.4% | 1.1% | 1.1% | — |
| Free cash flow yield | -0.5% | -4.7% | 9.4% | 19.7% | 15.5% | 6.2% | — |
| Revenue growth | 10.3% | 22.5% | 19.8% | 28.3% | 13.7% | -10.1% | — |
| Earnings growth | -964.3% | -42.6% | 49.9% | 23.6% | 6.7% | -56.9% | — |
| Current ratio | 1.22x | 1.36x | 1.92x | 1.94x | 1.97x | 2.29x | — |
| Debt to equity | — | 0.53x | 0.38x | 0.38x | 0.46x | 0.44x | 0.10x |
| Equity ratio | 36.4% | 44.6% | 46.5% | 47.5% | 44.5% | 46.2% | — |
| Interest coverage | -6.06x | 2.57x | 3.01x | 2.34x | 1.73x | 0.75x | — |
| R&D as a share of sales | 4.4% | 4.4% | 4.4% | 4.1% | 4.1% | 4.7% | — |
| Buybacks as a share of market value | 9.2% | -38.8% | -23.8% | 14.4% | 19.0% | -9.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.4% | 18.8% | 16.0% |
| Operating income | 39.1% | — | -0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.9% | 14.9% | 14.1% | 15.3% |
| Operating margin | 2.7% | 2.5% | 2.1% | 4.1% |
| Net margin | -4.1% | -1.5% | -0.7% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.1 | 220.9 | 84.2 | 78.9 | 102.7 | 161.4 | 94.1 | 77.8 | 73.2 |
| Price to sales | 1.9 | 2.5 | 2.0 | 1.5 | 2.1 | 3.5 | 4.2 | 5.9 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 11 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.06 | 0.05 | 0.03 | 0.03 | 0.031 | 0.033 | 0.059 |
- 13-for-10 split · 8 Jun 2020
- 7-for-5 split · 16 May 2019
- 7-for-5 split · 6 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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