Z 
10.33
-3.00%
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¥1.62bn
FY2016FY2025
Net income
−CN¥28.3m
FY2016FY2025
Free cash flow
CN¥60.2m
FY2016FY2025
Shareholders' equity
CN¥505.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.62bn | CN¥1.60bn | CN¥1.10bn | CN¥722.0m | CN¥1.02bn | CN¥1.16bn | CN¥1.07bn | CN¥888.1m | CN¥784.5m | CN¥591.7m |
| Gross profit | CN¥338.8m | CN¥310.2m | CN¥275.3m | CN¥123.3m | CN¥139.4m | CN¥234.5m | CN¥302.9m | CN¥241.8m | CN¥222.0m | CN¥179.4m |
| Research and development | CN¥31.4m | CN¥30.8m | CN¥25.7m | CN¥21.7m | CN¥28.5m | CN¥33.6m | CN¥40.5m | CN¥28.8m | CN¥25.1m | CN¥19.7m |
| Operating income | — | −CN¥31.0m | CN¥32.3m | −CN¥33.8m | −CN¥16.8m | CN¥46.7m | CN¥42.9m | CN¥95.0m | CN¥94.2m | CN¥82.0m |
| Net income | −CN¥28.3m | −CN¥41.7m | CN¥21.4m | −CN¥41.9m | −CN¥15.3m | CN¥41.7m | CN¥33.7m | CN¥83.8m | CN¥82.7m | CN¥73.2m |
| Diluted earnings per share | -0.21 | -0.35 | 0.17 | -0.30 | -0.11 | 0.34 | 0.26 | 0.65 | 0.89 | 0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.33bn | CN¥1.42bn | CN¥1.36bn | CN¥1.11bn | CN¥1.03bn | CN¥1.08bn | CN¥1.03bn | CN¥917.4m | CN¥461.3m | CN¥370.7m |
| Cash and short-term investments | — | CN¥135.6m | CN¥110.4m | CN¥94.9m | CN¥114.5m | CN¥290.4m | CN¥318.0m | CN¥158.9m | CN¥134.2m | CN¥160.8m |
| Total liabilities | CN¥828.9m | CN¥891.2m | CN¥767.5m | CN¥541.3m | CN¥414.9m | CN¥439.8m | CN¥418.1m | CN¥319.0m | CN¥289.8m | CN¥241.9m |
| Debt | CN¥197.5m | CN¥262.8m | CN¥188.4m | CN¥278.3m | CN¥36.5m | CN¥147.5m | CN¥155.0m | CN¥140.6m | CN¥129.3m | CN¥103.6m |
| Shareholders' equity | CN¥505.8m | CN¥527.5m | CN¥592.1m | CN¥568.4m | CN¥614.5m | CN¥638.2m | CN¥614.2m | CN¥598.4m | CN¥171.5m | CN¥128.8m |
| Shares outstanding | 135m | 119m | 123m | 138m | 134m | 124m | 128m | 129m | 93m | 94m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥97.1m | CN¥13.6m | CN¥105.7m | −CN¥42.3m | CN¥33.6m | CN¥37.9m | CN¥30.3m | CN¥65.3m | CN¥105.5m | CN¥107.9m |
| Capital spending | −CN¥36.9m | −CN¥36.2m | −CN¥83.9m | −CN¥154.0m | −CN¥228.7m | −CN¥111.7m | −CN¥76.2m | −CN¥113.2m | −CN¥90.8m | −CN¥31.4m |
| Free cash flow | CN¥60.2m | −CN¥22.6m | CN¥21.9m | −CN¥196.3m | −CN¥195.1m | −CN¥73.7m | −CN¥45.9m | −CN¥47.8m | CN¥14.7m | CN¥76.5m |
| Dividends paid | −CN¥8.7m | −CN¥27.3m | −CN¥8.6m | −CN¥4.6m | −CN¥8.8m | −CN¥18.4m | −CN¥17.6m | −CN¥8.0m | −CN¥40.0m | −CN¥18.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥528.5m | CN¥482.8m | CN¥497.3m | CN¥401.5m | CN¥371.1m | CN¥352.8m | CN¥475.6m | CN¥412.8m |
| Gross profit | CN¥97.9m | CN¥130.4m | CN¥98.7m | CN¥85.5m | CN¥74.8m | CN¥79.7m | CN¥63.6m | CN¥83.1m |
| Operating income | CN¥8.7m | CN¥7.9m | −CN¥3.1m | −CN¥7.3m | −CN¥6.6m | CN¥2.2m | −CN¥34.5m | −CN¥7.9m |
| Net income | CN¥1.3m | CN¥2.0m | −CN¥10.8m | −CN¥7.9m | −CN¥11.9m | CN¥2.3m | −CN¥44.2m | −CN¥591,417 |
| Diluted earnings per share | 0.01 | 0.02 | -0.08 | -0.06 | -0.09 | 0.02 | -0.37 | -0.00 |
| Cash from operations | — | — | — | CN¥36.0m | — | CN¥23.0m | — | −CN¥10.0m |
| Capital spending | −CN¥3.0m | −CN¥13.0m | −CN¥2.0m | −CN¥11.0m | −CN¥8.0m | −CN¥14.0m | −CN¥5.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥25.0m | — | CN¥9.0m | — | −CN¥11.0m |
| Total assets | CN¥1.50bn | CN¥1.34bn | CN¥1.33bn | CN¥1.27bn | CN¥1.29bn | CN¥1.35bn | CN¥1.42bn | CN¥1.44bn |
| Cash and short-term investments | — | — | — | CN¥106.6m | CN¥102.0m | CN¥115.7m | CN¥135.6m | CN¥80.1m |
| Debt | CN¥166.2m | CN¥196.2m | CN¥197.5m | CN¥312.4m | CN¥225.3m | CN¥249.6m | CN¥256.2m | CN¥523.9m |
| Shareholders' equity | CN¥510.5m | CN¥508.8m | CN¥505.8m | CN¥518.4m | CN¥523.0m | CN¥533.0m | CN¥527.5m | CN¥571.8m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.9% | 19.4% | 25.0% | 17.1% | 13.6% | 20.2% | — |
| Operating margin | -1.1% | -1.9% | 3.1% | -4.6% | -1.4% | 4.4% | — |
| Net margin | -1.7% | -2.6% | 1.9% | -5.8% | -1.5% | 3.6% | — |
| Return on equity | -5.6% | -7.9% | 3.6% | -7.4% | -2.5% | 6.5% | — |
| Return on assets | -2.1% | -2.9% | 1.6% | -3.8% | -1.5% | 3.9% | — |
| Free cash flow yield | 9.0% | 3.8% | 14.0% | 7.3% | 17.8% | 11.0% | — |
| Revenue growth | 1.3% | 45.4% | 52.5% | -29.3% | -12.2% | 8.7% | — |
| Earnings growth | -32.3% | -295.4% | -151.0% | 173.2% | -136.7% | 23.8% | — |
| Current ratio | 1.00x | 0.86x | 0.93x | 0.94x | 0.99x | 1.51x | — |
| Debt to equity | 0.39x | 0.49x | 0.35x | 0.40x | 0.05x | — | -0.19x |
| Equity ratio | 37.9% | 37.2% | 43.5% | 51.2% | 59.7% | 59.2% | — |
| Interest coverage | -2.01x | -2.84x | 3.64x | -4.86x | -5.00x | 13.10x | — |
| R&D as a share of sales | 1.9% | 1.9% | 2.3% | 3.0% | 2.8% | 2.9% | — |
| Buybacks as a share of market value | -14.1% | 3.9% | 10.8% | -3.2% | -8.2% | 3.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.0% | 6.9% | 14.3% |
| Net income | -12.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.1% | 20.8% | 19.7% | 22.7% |
| Net margin | -2.2% | -1.8% | -0.9% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -60.1 | -23.8 | 61.5 | -25.0 | -72.7 | 30.7 | 47.1 | 18.9 |
| Price to sales | 1.1 | 0.6 | 1.2 | 1.4 | 1.1 | 1.1 | 1.5 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jul 2024.
| FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.138 | 0.054 | 0.113 | 0.108 | 0.049 |
- 13-for-10 split · 19 Jul 2024
- 6-for-5 split · 14 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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