B 
9.99
+1.52%
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¥5.49bn
FY2016FY2025
Net income
−CN¥147.7m
FY2016FY2025
Free cash flow
CN¥359.8m
FY2016FY2025
Shareholders' equity
CN¥2.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.49bn | CN¥7.16bn | CN¥8.05bn | CN¥9.44bn | CN¥9.32bn | CN¥7.89bn | CN¥7.71bn | CN¥6.38bn | CN¥5.42bn | CN¥4.29bn |
| Gross profit | CN¥1.36bn | CN¥1.86bn | CN¥2.23bn | CN¥2.57bn | CN¥2.50bn | CN¥2.12bn | CN¥2.46bn | CN¥1.99bn | CN¥1.60bn | CN¥1.40bn |
| Research and development | CN¥17.3m | CN¥19.4m | CN¥43.7m | CN¥50.6m | CN¥39.7m | CN¥33.7m | CN¥27.4m | CN¥20.8m | CN¥20.1m | CN¥25.5m |
| Operating income | −CN¥169.3m | −CN¥23.7m | CN¥260.7m | CN¥436.3m | CN¥375.7m | CN¥483.6m | CN¥471.4m | CN¥355.7m | CN¥116.3m | CN¥167.6m |
| Net income | −CN¥147.7m | −CN¥46.1m | CN¥180.3m | CN¥335.5m | CN¥281.5m | CN¥343.6m | CN¥340.4m | CN¥238.5m | CN¥38.4m | CN¥99.0m |
| Diluted earnings per share | -0.37 | -0.12 | 0.44 | 0.84 | 0.68 | 0.86 | 0.98 | 0.66 | 0.10 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.82bn | CN¥4.70bn | CN¥5.52bn | CN¥5.04bn | CN¥5.43bn | CN¥4.18bn | CN¥3.83bn | CN¥3.18bn | CN¥2.96bn | CN¥2.60bn |
| Cash and short-term investments | — | CN¥1.36bn | CN¥1.97bn | CN¥1.35bn | CN¥1.75bn | CN¥1.98bn | CN¥1.52bn | CN¥1.04bn | CN¥1.07bn | CN¥634.4m |
| Total liabilities | CN¥1.82bn | CN¥2.46bn | CN¥3.03bn | CN¥2.64bn | CN¥3.28bn | CN¥2.10bn | CN¥2.37bn | CN¥2.06bn | CN¥2.10bn | CN¥2.18bn |
| Debt | — | CN¥490.9m | CN¥866.0m | CN¥466.6m | CN¥403.4m | CN¥202.6m | CN¥579.3m | CN¥692.9m | CN¥917.3m | CN¥936.8m |
| Shareholders' equity | CN¥2.00bn | CN¥2.24bn | CN¥2.49bn | CN¥2.40bn | CN¥2.15bn | CN¥2.07bn | CN¥1.42bn | CN¥1.08bn | CN¥838.1m | CN¥401.3m |
| Shares outstanding | 404m | 373m | 407m | 400m | 412m | 399m | 349m | 360m | 404m | 404m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥412.0m | CN¥5.8m | CN¥1.28bn | CN¥102.8m | CN¥412.2m | CN¥330.2m | CN¥342.2m | CN¥148.2m | CN¥544.3m | CN¥752.8m |
| Capital spending | −CN¥52.1m | −CN¥123.9m | −CN¥338.6m | −CN¥161.4m | −CN¥271.4m | −CN¥152.8m | −CN¥127.2m | −CN¥263.5m | −CN¥192.8m | −CN¥230.3m |
| Free cash flow | CN¥359.8m | −CN¥118.1m | CN¥941.2m | −CN¥58.6m | CN¥140.8m | CN¥177.4m | CN¥215.0m | −CN¥115.3m | CN¥351.5m | CN¥522.5m |
| Dividends paid | −CN¥99.6m | −CN¥189.5m | −CN¥100.7m | −CN¥84.4m | −CN¥103.1m | −CN¥102.3m | −CN¥102.4m | −CN¥102.4m | −CN¥339.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.10bn | CN¥2.04bn | CN¥1.35bn | CN¥1.31bn | CN¥1.10bn | CN¥1.73bn | CN¥1.68bn | CN¥1.59bn |
| Gross profit | CN¥284.6m | CN¥557.3m | CN¥328.6m | CN¥347.2m | CN¥259.5m | CN¥426.8m | CN¥386.6m | CN¥447.0m |
| Operating income | −CN¥32.8m | CN¥57.6m | −CN¥14.8m | −CN¥37.5m | −CN¥66.5m | −CN¥45.1m | −CN¥82.7m | CN¥7.1m |
| Net income | −CN¥31.5m | CN¥47.7m | −CN¥25.3m | −CN¥28.8m | −CN¥57.4m | −CN¥36.1m | −CN¥65.5m | −CN¥4.5m |
| Diluted earnings per share | -0.08 | 0.12 | -0.06 | -0.07 | -0.14 | -0.09 | -0.18 | -0.01 |
| Cash from operations | — | — | — | −CN¥65.0m | −CN¥108.0m | CN¥361.0m | −CN¥70.0m | CN¥16.0m |
| Capital spending | −CN¥10.0m | −CN¥9.0m | −CN¥16.0m | −CN¥9.0m | −CN¥9.0m | −CN¥16.0m | −CN¥44.0m | −CN¥37.0m |
| Free cash flow | — | — | — | −CN¥74.0m | −CN¥117.0m | CN¥345.0m | −CN¥114.0m | −CN¥21.0m |
| Total assets | CN¥3.12bn | CN¥3.42bn | CN¥3.82bn | CN¥3.71bn | CN¥3.56bn | CN¥3.89bn | CN¥4.70bn | CN¥4.43bn |
| Cash and short-term investments | — | — | — | CN¥1.01bn | CN¥1.01bn | CN¥1.28bn | CN¥1.36bn | CN¥1.41bn |
| Debt | — | — | — | CN¥374.3m | — | — | CN¥310.0m | CN¥338.8m |
| Shareholders' equity | CN¥1.91bn | CN¥2.04bn | CN¥2.00bn | CN¥2.02bn | CN¥2.05bn | CN¥2.21bn | CN¥2.24bn | CN¥2.41bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 24.8% | 25.9% | 27.7% | 27.3% | 26.8% | 26.9% | — |
| Operating margin | -3.0% | 0.0% | 3.7% | 4.9% | 4.3% | 6.2% | — |
| Net margin | -2.7% | -0.6% | 2.2% | 3.6% | 3.0% | 4.4% | — |
| Return on equity | -7.4% | -2.1% | 7.2% | 14.0% | 13.1% | 16.6% | — |
| Return on assets | -3.9% | -1.0% | 3.3% | 6.7% | 5.2% | 8.2% | — |
| Free cash flow yield | 13.0% | 3.9% | 45.2% | 7.5% | 18.9% | 13.8% | — |
| Revenue growth | -23.4% | -11.0% | -14.8% | 1.2% | 18.1% | 2.3% | — |
| Earnings growth | 220.3% | -125.6% | -46.3% | 19.2% | -18.1% | 0.9% | — |
| Current ratio | 1.46x | 1.37x | 1.34x | 1.45x | 1.32x | 1.46x | — |
| Debt to equity | — | 0.14x | 0.19x | 0.14x | 0.13x | 0.02x | -0.48x |
| Equity ratio | 52.2% | 47.7% | 45.1% | 47.6% | 39.5% | 49.4% | — |
| Interest coverage | -13.47x | 0.06x | 8.61x | 17.80x | 16.02x | 51.88x | — |
| R&D as a share of sales | 0.3% | 0.3% | 0.5% | 0.5% | 0.4% | 0.4% | — |
| Buybacks as a share of market value | -8.2% | 8.2% | -1.7% | 2.8% | -3.1% | -14.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.6% | -7.0% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.5% | 26.6% | 26.7% | 28.4% |
| Operating margin | -1.5% | 1.7% | 2.9% | 3.4% |
| Net margin | -1.5% | 1.1% | 2.0% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -32.0 | -115.1 | 48.7 | 44.0 | 62.1 | 68.2 |
| Price to sales | 0.9 | 0.7 | 1.1 | 1.6 | 1.9 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.249 | 0.249 | 0.474 | 0.253 | 0.212 | 0.257 | 0.255 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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