B 
19.78
-0.85%
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.
Net income
CN¥61.4m
FY2016FY2025
Free cash flow
CN¥115.7m
FY2016FY2025
Shareholders' equity
CN¥3.21bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥340.3m | CN¥423.3m | CN¥134.2m | CN¥377.6m | CN¥436.8m | CN¥259.0m | CN¥183.0m | CN¥42.8m | CN¥108.0m | CN¥659.1m |
| Research and development | CN¥79.2m | CN¥118.9m | CN¥105.1m | CN¥164.8m | CN¥190.3m | CN¥125.6m | CN¥58.9m | CN¥31.2m | CN¥41.4m | CN¥102.0m |
| Operating income | −CN¥8.7m | CN¥110.5m | −CN¥105.8m | CN¥47.6m | CN¥164.8m | CN¥140.7m | CN¥31.7m | CN¥11.6m | CN¥121.7m | CN¥278.4m |
| Net income | CN¥61.4m | CN¥100.5m | −CN¥75.5m | CN¥64.6m | CN¥166.2m | CN¥131.6m | CN¥34.7m | CN¥7.2m | CN¥109.9m | CN¥233.0m |
| Diluted earnings per share | 0.22 | 0.36 | -0.26 | 0.23 | 0.62 | 0.58 | 0.10 | 0.03 | 0.46 | 1.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.53bn | CN¥5.43bn | CN¥4.80bn | CN¥5.15bn | CN¥5.28bn | CN¥4.24bn | CN¥3.16bn | CN¥2.79bn | CN¥2.84bn | CN¥3.42bn |
| Cash and short-term investments | CN¥1.60bn | CN¥2.05bn | CN¥2.01bn | CN¥1.96bn | CN¥1.63bn | CN¥864.1m | CN¥606.8m | CN¥255.1m | CN¥578.7m | CN¥1.53bn |
| Total liabilities | CN¥1.25bn | CN¥2.21bn | CN¥1.59bn | CN¥1.82bn | CN¥1.94bn | CN¥1.80bn | CN¥821.0m | CN¥388.6m | CN¥409.3m | CN¥1.03bn |
| Debt | CN¥260.9m | CN¥598.1m | CN¥680.2m | CN¥1.10bn | CN¥620.2m | CN¥370.0m | CN¥79.0m | — | CN¥7.2m | CN¥201.3m |
| Shareholders' equity | CN¥3.21bn | CN¥3.22bn | CN¥3.21bn | CN¥3.33bn | CN¥3.33bn | CN¥2.44bn | CN¥2.33bn | CN¥2.40bn | CN¥2.43bn | CN¥2.39bn |
| Shares outstanding | 277m | 283m | 285m | 278m | 269m | 228m | 343m | 273m | 238m | 197m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥133.2m | CN¥11.9m | CN¥514.6m | CN¥404.3m | −CN¥327.3m | CN¥383.3m | −CN¥44.7m | −CN¥367.2m | −CN¥156.2m | CN¥776.3m |
| Capital spending | −CN¥17.5m | −CN¥107.2m | −CN¥41.0m | −CN¥15.5m | −CN¥188.5m | −CN¥335.3m | −CN¥344.6m | −CN¥103.3m | −CN¥25.9m | −CN¥120.4m |
| Free cash flow | CN¥115.7m | −CN¥95.3m | CN¥473.6m | CN¥388.8m | −CN¥515.8m | CN¥48.0m | −CN¥389.3m | −CN¥470.5m | −CN¥182.1m | CN¥655.9m |
| Dividends paid | −CN¥69.3m | −CN¥48.6m | −CN¥54.5m | −CN¥70.4m | −CN¥56.9m | −CN¥22.8m | −CN¥6.9m | −CN¥35.1m | −CN¥70.2m | −CN¥10.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥39.1m | CN¥5.2m | CN¥166.3m | CN¥55.6m | CN¥47.0m | CN¥97.3m | CN¥160.2m | CN¥90.8m |
| Operating income | −CN¥11.9m | −CN¥33.9m | CN¥49.7m | CN¥8.5m | −CN¥2.7m | CN¥11.3m | CN¥34.2m | CN¥31.7m |
| Net income | −CN¥11.5m | −CN¥58.9m | CN¥38.0m | CN¥11.0m | CN¥794,507 | CN¥11.6m | CN¥6.0m | CN¥31.3m |
| Diluted earnings per share | -0.04 | -0.21 | 0.14 | 0.04 | 0.00 | 0.04 | 0.02 | 0.11 |
| Cash from operations | — | — | CN¥66.0m | CN¥84.0m | CN¥179.0m | −CN¥199.0m | CN¥45.0m | −CN¥81.0m |
| Capital spending | −CN¥27.0m | −CN¥2.0m | −CN¥5.0m | −CN¥3.0m | −CN¥7.0m | −CN¥1.0m | −CN¥15.0m | −CN¥40.0m |
| Free cash flow | — | — | CN¥61.0m | CN¥81.0m | CN¥172.0m | −CN¥200.0m | CN¥30.0m | −CN¥121.0m |
| Total assets | CN¥4.72bn | CN¥4.44bn | CN¥4.53bn | CN¥4.45bn | CN¥4.79bn | CN¥5.13bn | CN¥5.43bn | CN¥4.90bn |
| Cash and short-term investments | — | — | CN¥1.60bn | CN¥1.26bn | CN¥1.28bn | CN¥1.19bn | CN¥2.05bn | CN¥1.33bn |
| Debt | — | — | CN¥260.0m | CN¥158.8m | CN¥200.0m | CN¥400.0m | CN¥598.1m | CN¥398.1m |
| Shareholders' equity | CN¥3.09bn | CN¥3.14bn | CN¥3.21bn | CN¥3.18bn | CN¥3.17bn | CN¥3.23bn | CN¥3.22bn | CN¥3.22bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.0% | 16.0% | 7.5% | 11.7% | 10.7% | 10.0% |
| Operating margin | -0.5% | 4.4% | -4.8% | 2.2% | 4.2% | 5.8% |
| Net margin | 3.3% | 3.8% | -4.2% | 2.0% | 4.1% | 5.1% |
| Return on equity | 1.9% | 3.1% | -2.4% | 1.9% | 5.0% | 5.4% |
| Return on assets | 1.4% | 1.9% | -1.6% | 1.3% | 3.1% | 3.1% |
| Free cash flow yield | 2.9% | 2.2% | 10.3% | 8.0% | -2.7% | 16.6% |
| Revenue growth | -28.6% | 46.8% | -44.1% | -21.2% | 58.2% | 90.5% |
| Earnings growth | -38.9% | -233.2% | -216.8% | -61.1% | 26.3% | 279.8% |
| Current ratio | 2.51x | 1.84x | 2.16x | 2.30x | 1.99x | 1.41x |
| Debt to equity | 0.08x | 0.19x | 0.21x | 0.34x | 0.19x | 0.15x |
| Equity ratio | 71.0% | 59.3% | 66.9% | 64.6% | 63.1% | 57.6% |
| Interest coverage | -1.97x | 14.87x | -5.93x | 2.82x | 14.06x | 11.39x |
| R&D as a share of sales | 4.2% | 4.5% | 5.8% | 5.1% | 4.7% | 4.9% |
| Buybacks as a share of market value | 2.1% | 0.7% | -2.7% | -3.1% | -17.8% | 33.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.3% | -6.1% | -1.9% |
| Net income | -1.7% | -14.1% | -11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.9% | 13.4% | 12.2% | 14.7% |
| Operating margin | 2.2% | 0.5% | 2.2% | 4.4% |
| Net margin | 3.6% | 1.6% | 2.8% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 63.1 | 32.3 | -47.3 | 49.2 | 33.2 | 27.6 | 192.4 | 470.4 | 50.6 | 40.1 |
| Price to sales | 2.1 | 1.2 | 2.0 | 1.0 | 1.4 | 1.4 | 4.9 | 8.5 | 11.4 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 5 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.25 | 0.15 | 0.15 | 0.25 | 0.25 | 0.10 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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