C 
10.18
-1.17%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥3.53bn
FY2016FY2025
Net income
−CN¥205.1m
FY2016FY2025
Free cash flow
−CN¥321.6m
FY2016FY2025
Shareholders' equity
CN¥2.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.53bn | CN¥3.41bn | CN¥3.25bn | CN¥3.16bn | CN¥3.01bn | CN¥2.30bn | CN¥1.83bn | CN¥1.87bn | CN¥1.92bn | CN¥1.49bn |
| Gross profit | CN¥759.5m | CN¥482.4m | CN¥459.4m | CN¥444.0m | CN¥355.3m | CN¥350.9m | CN¥298.9m | CN¥316.7m | CN¥346.4m | CN¥378.2m |
| Research and development | CN¥116.1m | CN¥140.4m | CN¥110.0m | CN¥92.7m | CN¥79.5m | CN¥60.9m | CN¥53.2m | CN¥49.6m | CN¥53.3m | CN¥43.7m |
| Operating income | CN¥49.9m | CN¥58.3m | CN¥153.2m | CN¥107.8m | CN¥68.2m | CN¥87.8m | CN¥36.2m | CN¥121.1m | CN¥168.8m | CN¥195.9m |
| Net income | −CN¥205.1m | CN¥68.2m | CN¥131.6m | CN¥96.5m | CN¥59.4m | CN¥75.2m | CN¥24.5m | CN¥78.3m | CN¥127.2m | CN¥148.4m |
| Diluted earnings per share | -0.83 | 0.26 | 0.65 | 0.46 | 0.28 | 0.39 | 0.11 | 0.38 | 0.66 | 0.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.02bn | CN¥5.87bn | CN¥4.90bn | CN¥4.20bn | CN¥3.86bn | CN¥3.62bn | CN¥3.68bn | CN¥2.92bn | CN¥2.50bn | CN¥1.53bn |
| Cash and short-term investments | — | CN¥762.2m | CN¥367.8m | CN¥225.1m | CN¥275.6m | CN¥485.7m | CN¥679.6m | CN¥581.8m | CN¥634.5m | CN¥49.4m |
| Total liabilities | CN¥3.83bn | CN¥3.44bn | CN¥2.91bn | CN¥2.32bn | CN¥2.06bn | CN¥1.86bn | CN¥1.99bn | CN¥1.23bn | CN¥840.9m | CN¥787.2m |
| Debt | CN¥668.9m | CN¥1.49bn | CN¥2.11bn | CN¥1.11bn | CN¥1.01bn | CN¥853.4m | CN¥900.6m | CN¥630.9m | CN¥390.0m | CN¥395.0m |
| Shareholders' equity | CN¥2.19bn | CN¥2.43bn | CN¥2.00bn | CN¥1.89bn | CN¥1.80bn | CN¥1.76bn | CN¥1.70bn | CN¥1.70bn | CN¥1.66bn | CN¥745.9m |
| Shares outstanding | 248m | 267m | 203m | 210m | 209m | 194m | 214m | 205m | 193m | 152m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥180.8m | −CN¥3.2m | −CN¥31.3m | −CN¥122.4m | −CN¥21.3m | −CN¥691,888 | −CN¥158.3m | −CN¥15.6m | −CN¥7.7m | CN¥54.5m |
| Capital spending | −CN¥140.8m | −CN¥261.7m | −CN¥371.5m | −CN¥197.2m | −CN¥286.4m | −CN¥49.1m | −CN¥131.9m | −CN¥288.4m | −CN¥127.7m | −CN¥53.9m |
| Free cash flow | −CN¥321.6m | −CN¥264.8m | −CN¥402.8m | −CN¥319.6m | −CN¥307.7m | −CN¥49.8m | −CN¥290.3m | −CN¥304.0m | −CN¥135.4m | CN¥585,886 |
| Dividends paid | −CN¥68.1m | −CN¥84.6m | −CN¥75.2m | −CN¥12.0m | −CN¥22.8m | −CN¥7.5m | −CN¥24.5m | −CN¥62.7m | −CN¥17.6m | −CN¥19.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥990.9m | CN¥919.1m | CN¥964.6m | CN¥964.3m | CN¥785.9m | CN¥811.8m | CN¥951.0m | CN¥903.9m |
| Gross profit | CN¥167.3m | CN¥162.7m | CN¥47.9m | CN¥187.6m | CN¥55.5m | CN¥130.0m | CN¥87.9m | CN¥183.9m |
| Operating income | CN¥63.7m | CN¥71.8m | −CN¥39.8m | −CN¥24.8m | −CN¥18.9m | CN¥3.1m | −CN¥8.0m | CN¥35.2m |
| Net income | CN¥11.7m | CN¥6.9m | −CN¥137.1m | −CN¥47.5m | −CN¥26.7m | CN¥6.1m | −CN¥2.4m | CN¥32.8m |
| Diluted earnings per share | 0.05 | 0.03 | -0.55 | -0.19 | -0.11 | 0.02 | -0.01 | 0.12 |
| Cash from operations | — | — | — | −CN¥9.0m | −CN¥104.0m | −CN¥255.0m | — | −CN¥60.0m |
| Capital spending | −CN¥123.0m | −CN¥44.0m | −CN¥16.0m | −CN¥21.0m | −CN¥32.0m | −CN¥70.0m | — | −CN¥43.0m |
| Free cash flow | — | — | — | −CN¥30.0m | −CN¥136.0m | −CN¥325.0m | — | −CN¥103.0m |
| Total assets | CN¥6.85bn | CN¥6.60bn | CN¥6.02bn | CN¥6.26bn | CN¥5.99bn | CN¥5.97bn | CN¥5.87bn | CN¥5.72bn |
| Cash and short-term investments | — | — | — | CN¥568.7m | CN¥518.4m | CN¥608.9m | CN¥762.2m | CN¥618.5m |
| Debt | CN¥921.9m | CN¥829.3m | CN¥668.9m | CN¥2.26bn | CN¥1.73bn | CN¥1.66bn | CN¥1.49bn | CN¥2.34bn |
| Shareholders' equity | CN¥2.20bn | CN¥2.19bn | CN¥2.19bn | CN¥2.35bn | CN¥2.41bn | CN¥2.44bn | CN¥2.43bn | CN¥2.46bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.9% | 14.2% | 14.1% | 14.0% | 11.8% | 15.3% |
| Operating margin | -4.6% | 3.4% | 6.3% | 5.1% | 3.9% | 6.0% |
| Net margin | -5.8% | 2.0% | 4.1% | 3.0% | 2.0% | 3.3% |
| Return on equity | -9.4% | 2.8% | 6.6% | 5.1% | 3.3% | 4.3% |
| Return on assets | -3.4% | 1.2% | 2.7% | 2.3% | 1.5% | 2.1% |
| Free cash flow yield | -1.4% | 8.7% | 15.1% | 3.2% | 11.4% | 2.2% |
| Revenue growth | 3.4% | 4.9% | 2.7% | 5.1% | 31.0% | 25.2% |
| Earnings growth | -401.0% | -48.2% | 36.5% | 62.4% | -21.0% | 206.6% |
| Current ratio | 0.81x | 0.93x | 0.83x | 0.91x | 0.91x | 1.04x |
| Debt to equity | 0.31x | 0.61x | 1.06x | 0.48x | 0.56x | 0.43x |
| Equity ratio | 36.3% | 41.4% | 40.7% | 44.9% | 46.6% | 48.7% |
| Interest coverage | -2.93x | 1.93x | 3.77x | 2.70x | 2.33x | 2.67x |
| R&D as a share of sales | 3.3% | 4.1% | 3.4% | 2.9% | 2.6% | 2.6% |
| Buybacks as a share of market value | 7.2% | -31.6% | 3.4% | -0.5% | -8.0% | 9.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.7% | 9.0% | 12.0% |
| Operating income | -22.7% | -10.7% | -5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.9% | 16.1% | 15.3% | 16.6% |
| Operating margin | 1.6% | 2.8% | 2.8% | 4.2% |
| Net margin | -2.0% | 0.7% | 1.2% | 2.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.0 | 47.1 | 28.6 | 32.5 | 58.9 | 40.9 | 95.3 | 28.1 | 27.8 |
| Price to sales | 0.8 | 0.9 | 1.2 | 1.0 | 1.2 | 1.3 | 1.3 | 1.2 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 4 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.058 | 0.11 | 0.095 | 0.059 | 0.112 | 0.037 | 0.12 | 0.19 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.