Y 
20.40
+0.25%
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¥411.6m
FY2016FY2025
Net income
−CN¥227.6m
FY2016FY2025
Free cash flow
CN¥58.0m
FY2016FY2025
Shareholders' equity
CN¥3.43bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥411.6m | CN¥457.8m | CN¥545.2m | CN¥677.6m | CN¥873.3m | CN¥873.0m | CN¥935.6m | CN¥878.0m | CN¥1.05bn | CN¥774.2m |
| Research and development | CN¥26.6m | CN¥35.3m | CN¥35.0m | CN¥43.1m | CN¥41.0m | CN¥38.3m | CN¥43.7m | CN¥44.6m | CN¥41.1m | CN¥12.5m |
| Operating income | −CN¥93.4m | −CN¥17.6m | −CN¥81.3m | −CN¥42.2m | CN¥60.7m | CN¥388.4m | CN¥657.6m | CN¥160.5m | CN¥686.7m | CN¥160.2m |
| Net income | −CN¥227.6m | −CN¥68.3m | −CN¥126.7m | −CN¥67.5m | CN¥43.8m | CN¥494.6m | CN¥500.6m | CN¥123.3m | CN¥516.4m | CN¥116.4m |
| Diluted earnings per share | -0.98 | -0.27 | -0.62 | -0.26 | 0.20 | 2.10 | 2.28 | 0.54 | 2.28 | 0.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.12bn | CN¥4.41bn | CN¥4.56bn | CN¥4.72bn | CN¥4.81bn | CN¥4.94bn | CN¥3.96bn | CN¥2.55bn | CN¥2.51bn | CN¥1.30bn |
| Cash and short-term investments | — | CN¥2.95bn | CN¥3.06bn | CN¥3.07bn | CN¥3.00bn | CN¥3.23bn | CN¥2.34bn | CN¥678.4m | CN¥475.0m | CN¥168.7m |
| Total liabilities | CN¥669.1m | CN¥1.25bn | CN¥1.38bn | CN¥1.38bn | CN¥1.42bn | CN¥1.53bn | CN¥1.26bn | CN¥883.0m | CN¥873.1m | CN¥763.2m |
| Debt | — | CN¥541.3m | CN¥637.8m | CN¥606.6m | CN¥565.7m | CN¥636.7m | CN¥210.3m | CN¥236.0m | CN¥116.0m | CN¥170.0m |
| Shareholders' equity | CN¥3.43bn | CN¥3.14bn | CN¥3.16bn | CN¥3.31bn | CN¥3.40bn | CN¥3.40bn | CN¥2.70bn | CN¥1.66bn | CN¥1.64bn | CN¥540.1m |
| Shares outstanding | 233m | 251m | 205m | 258m | 215m | 236m | 219m | 226m | 227m | 154m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥123.5m | CN¥137.2m | CN¥217.8m | CN¥128.9m | CN¥157.0m | CN¥352.2m | CN¥392.1m | CN¥296.9m | CN¥341.6m | CN¥203.8m |
| Capital spending | −CN¥65.5m | −CN¥105.9m | −CN¥56.3m | −CN¥175.3m | −CN¥176.9m | −CN¥334.4m | −CN¥438.4m | −CN¥284.1m | −CN¥421.4m | −CN¥268.9m |
| Free cash flow | CN¥58.0m | CN¥31.3m | CN¥161.5m | −CN¥46.4m | −CN¥19.8m | CN¥17.8m | −CN¥46.3m | CN¥12.8m | −CN¥79.7m | −CN¥65.1m |
| Dividends paid | −CN¥59.8m | −CN¥80.0m | −CN¥40.6m | −CN¥28.6m | −CN¥122.7m | −CN¥33.5m | −CN¥35.9m | −CN¥70.1m | −CN¥8.3m | −CN¥13.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥200.2m | CN¥121.5m | CN¥94.2m | CN¥124.2m | CN¥109.8m | CN¥83.4m | CN¥83.4m | CN¥129.0m |
| Operating income | CN¥3.0m | −CN¥11.7m | −CN¥42.3m | CN¥1.1m | −CN¥33.1m | −CN¥14.1m | −CN¥36.4m | −CN¥10.7m |
| Net income | −CN¥10.2m | −CN¥5.1m | −CN¥158.2m | −CN¥3.9m | −CN¥40.9m | −CN¥24.6m | −CN¥38.4m | −CN¥22.1m |
| Diluted earnings per share | -0.04 | -0.02 | -0.68 | -0.02 | -0.18 | -0.11 | -0.15 | -0.09 |
| Cash from operations | — | — | — | CN¥75.0m | CN¥46.0m | −CN¥12.0m | CN¥17.0m | CN¥57.0m |
| Capital spending | −CN¥1.0m | −CN¥3.0m | — | — | −CN¥61.0m | −CN¥17.0m | −CN¥11.0m | −CN¥38.0m |
| Free cash flow | — | — | — | — | −CN¥15.0m | −CN¥29.0m | CN¥6.0m | CN¥19.0m |
| Total assets | CN¥4.16bn | CN¥4.13bn | CN¥4.12bn | CN¥4.29bn | CN¥4.25bn | CN¥4.36bn | CN¥4.41bn | CN¥4.48bn |
| Cash and short-term investments | — | — | — | CN¥2.93bn | CN¥2.87bn | CN¥2.90bn | CN¥2.95bn | CN¥2.98bn |
| Debt | — | — | — | CN¥24.6m | CN¥536.2m | CN¥534.5m | CN¥564.5m | CN¥737.1m |
| Shareholders' equity | CN¥3.41bn | CN¥3.42bn | CN¥3.43bn | CN¥3.56bn | CN¥3.04bn | CN¥3.13bn | CN¥3.14bn | CN¥3.05bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -53.6% | -2.3% | -13.5% | -3.8% | 11.0% | 45.3% | — |
| Net margin | -55.3% | -14.9% | -23.2% | -10.0% | 5.0% | 56.7% | — |
| Return on equity | -6.6% | -2.2% | -4.0% | -2.0% | 1.3% | 14.5% | — |
| Return on assets | -5.5% | -1.5% | -2.8% | -1.4% | 0.9% | 10.0% | — |
| Free cash flow yield | 4.1% | 4.8% | 6.7% | 5.9% | 7.8% | 14.6% | — |
| Revenue growth | -10.1% | -16.0% | -19.5% | -22.4% | 0.0% | -6.7% | — |
| Earnings growth | 233.2% | -46.1% | 87.7% | -254.0% | -91.1% | -1.2% | — |
| Current ratio | 8.89x | 9.07x | 9.27x | 8.85x | 7.42x | 7.05x | — |
| Debt to equity | — | 0.17x | 0.20x | 0.19x | 0.19x | 0.20x | 0.08x |
| Equity ratio | 83.2% | 71.1% | 69.2% | 70.3% | 70.6% | 68.9% | — |
| Interest coverage | -11.02x | -0.23x | -1.50x | -0.58x | 2.00x | 42.12x | — |
| R&D as a share of sales | 6.5% | 7.7% | 6.4% | 6.4% | 4.7% | 4.4% | — |
| Buybacks as a share of market value | 7.4% | -22.4% | 20.3% | -19.6% | 8.6% | -7.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.3% | -14.0% | -4.0% |
| Operating income | 30.3% | — | — |
| Net income | 49.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12.8% | -11.2% | 5.6% | 24.6% |
| Net margin | -34.0% | -23.4% | 1.3% | 17.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -18.3 | -47.7 | -22.8 | -48.0 | 101.9 | 6.6 | 6.2 | 21.6 | 11.2 |
| Price to sales | 10.1 | 7.1 | 5.3 | 4.8 | 5.1 | 3.7 | 3.3 | 3.0 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 20 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.30 | 0.13 | 0.10 | 0.528 | 0.15 | 0.161 | 0.298 |
- 6-for-5 split · 11 Jun 2021
- 7-for-5 split · 26 Jun 2019
- 7-for-5 split · 16 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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