F 
12.65
-1.25%
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¥1.26bn
FY2016FY2025
Net income
−CN¥92.9m
FY2016FY2025
Free cash flow
−CN¥65.3m
FY2016FY2025
Shareholders' equity
CN¥1.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.26bn | CN¥969.9m | CN¥829.0m | CN¥819.2m | CN¥893.1m | CN¥749.9m | CN¥617.0m | CN¥586.8m | CN¥469.2m | CN¥408.2m |
| Gross profit | CN¥359.2m | CN¥260.0m | CN¥304.7m | CN¥267.4m | CN¥311.9m | CN¥298.9m | CN¥274.5m | CN¥270.4m | CN¥210.1m | CN¥191.2m |
| Research and development | CN¥41.5m | CN¥37.8m | CN¥35.0m | CN¥35.9m | CN¥36.1m | CN¥26.8m | CN¥20.2m | CN¥21.3m | CN¥17.1m | CN¥13.8m |
| Operating income | −CN¥161.7m | CN¥71.3m | CN¥102.2m | CN¥107.2m | CN¥170.4m | CN¥182.9m | CN¥176.1m | CN¥209.4m | CN¥135.8m | CN¥120.7m |
| Net income | −CN¥92.9m | CN¥35.1m | CN¥83.9m | CN¥88.0m | CN¥143.7m | CN¥157.0m | CN¥146.8m | CN¥180.2m | CN¥118.0m | CN¥108.7m |
| Diluted earnings per share | -0.14 | 0.05 | 0.18 | 0.19 | 0.31 | 0.34 | 0.31 | 0.38 | 0.33 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.87bn | CN¥4.87bn | CN¥4.34bn | CN¥3.57bn | CN¥2.92bn | CN¥2.27bn | CN¥1.80bn | CN¥1.46bn | CN¥1.24bn | CN¥847.5m |
| Cash and short-term investments | — | CN¥33.1m | CN¥46.8m | CN¥75.2m | CN¥131.1m | CN¥57.9m | CN¥97.6m | CN¥49.6m | CN¥87.6m | CN¥24.7m |
| Total liabilities | CN¥3.06bn | CN¥2.98bn | CN¥2.44bn | CN¥1.78bn | CN¥1.20bn | CN¥698.5m | CN¥393.2m | CN¥162.3m | CN¥97.8m | CN¥355.8m |
| Debt | CN¥434.4m | CN¥1.47bn | CN¥1.92bn | CN¥1.38bn | CN¥879.5m | CN¥469.8m | CN¥260.2m | CN¥30.0m | — | CN¥229.7m |
| Shareholders' equity | CN¥1.80bn | CN¥1.88bn | CN¥1.89bn | CN¥1.79bn | CN¥1.71bn | CN¥1.56bn | CN¥1.40bn | CN¥1.30bn | CN¥1.14bn | CN¥493.5m |
| Shares outstanding | 655m | 655m | 468m | 468m | 468m | 468m | 468m | 468m | 360m | 351m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥22.6m | −CN¥163.3m | CN¥80.4m | CN¥10.0m | CN¥180.5m | CN¥161.9m | CN¥140.6m | CN¥70.4m | CN¥63.4m | CN¥73.7m |
| Capital spending | −CN¥42.7m | −CN¥238.8m | −CN¥492.7m | −CN¥552.7m | −CN¥496.0m | −CN¥401.4m | −CN¥359.7m | −CN¥237.0m | −CN¥114.2m | −CN¥160.7m |
| Free cash flow | −CN¥65.3m | −CN¥402.1m | −CN¥412.4m | −CN¥542.6m | −CN¥315.4m | −CN¥239.5m | −CN¥219.1m | −CN¥166.5m | −CN¥50.8m | −CN¥87.1m |
| Dividends paid | −CN¥48.2m | −CN¥86.0m | −CN¥58.2m | −CN¥43.5m | −CN¥27.0m | −CN¥13.2m | −CN¥56.2m | −CN¥21.6m | −CN¥25.6m | −CN¥30.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥435.1m | CN¥412.3m | CN¥402.4m | CN¥283.5m | CN¥314.6m | CN¥257.8m | CN¥176.3m | CN¥261.7m |
| Gross profit | CN¥157.9m | CN¥9.8m | CN¥96.7m | CN¥98.0m | CN¥76.4m | CN¥83.8m | CN¥2.9m | CN¥80.0m |
| Operating income | CN¥108.7m | −CN¥31.4m | −CN¥239.0m | CN¥28.8m | CN¥22.8m | CN¥25.7m | −CN¥57.9m | CN¥19.3m |
| Net income | CN¥101.3m | CN¥74.3m | −CN¥154.0m | CN¥11.7m | CN¥25.6m | CN¥23.9m | −CN¥25.2m | CN¥16.2m |
| Diluted earnings per share | 0.15 | 0.11 | -0.24 | 0.02 | 0.04 | 0.04 | -0.04 | 0.02 |
| Cash from operations | — | — | — | CN¥119.0m | CN¥76.0m | −CN¥84.0m | — | CN¥44.0m |
| Capital spending | −CN¥6.0m | −CN¥17.0m | — | −CN¥27.0m | −CN¥18.0m | −CN¥22.0m | −CN¥37.0m | −CN¥56.0m |
| Free cash flow | — | — | — | CN¥92.0m | CN¥58.0m | −CN¥106.0m | — | −CN¥12.0m |
| Total assets | CN¥5.12bn | CN¥4.94bn | CN¥4.87bn | CN¥4.98bn | CN¥4.97bn | CN¥4.94bn | CN¥4.87bn | CN¥4.86bn |
| Cash and short-term investments | — | — | — | CN¥48.7m | CN¥57.0m | CN¥51.0m | CN¥33.1m | CN¥55.1m |
| Debt | CN¥492.8m | CN¥509.5m | CN¥434.4m | CN¥1.46bn | CN¥1.36bn | CN¥1.41bn | CN¥1.47bn | CN¥1.58bn |
| Shareholders' equity | CN¥1.97bn | CN¥1.87bn | CN¥1.80bn | CN¥1.95bn | CN¥1.92bn | CN¥1.90bn | CN¥1.88bn | CN¥1.90bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.5% | 26.8% | 36.8% | 32.6% | 34.9% | 39.9% |
| Operating margin | -12.8% | 7.3% | 12.3% | 13.1% | 19.1% | 24.4% |
| Net margin | -7.4% | 3.6% | 10.1% | 10.7% | 16.1% | 20.9% |
| Return on equity | -5.2% | 1.9% | 4.4% | 4.9% | 8.4% | 10.1% |
| Return on assets | -1.9% | 0.7% | 1.9% | 2.5% | 4.9% | 6.9% |
| Free cash flow yield | 0.2% | 0.7% | 8.0% | 7.8% | 9.4% | 7.8% |
| Revenue growth | 29.7% | 17.0% | 1.2% | -8.3% | 19.1% | 21.5% |
| Earnings growth | -364.3% | -58.1% | -4.6% | -38.8% | -8.5% | 7.0% |
| Current ratio | 0.63x | 0.77x | 0.82x | 1.31x | 1.53x | 1.60x |
| Debt to equity | 0.24x | 0.78x | 0.97x | 0.77x | 0.42x | 0.28x |
| Equity ratio | 36.9% | 38.6% | 43.5% | 50.0% | 58.7% | 68.9% |
| Interest coverage | -2.40x | 1.05x | 1.82x | 2.90x | 8.02x | 15.80x |
| R&D as a share of sales | 3.3% | 3.9% | 4.2% | 4.4% | 4.0% | 3.6% |
| Buybacks as a share of market value | 0.0% | -40.1% | 0.0% | 0.0% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.4% | 10.9% | 14.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.8% | 30.7% | 32.7% | 36.5% |
| Operating margin | -4.1% | 3.1% | 8.6% | 15.2% |
| Net margin | -2.6% | 2.9% | 7.5% | 13.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -92.2 | 276.2 | 180.8 | 153.2 | 68.5 | 59.1 | 28.7 | 19.9 | 19.9 |
| Price to sales | 6.8 | 10.0 | 18.3 | 16.4 | 11.0 | 12.4 | 6.8 | 6.1 | 5.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2024.
| FY2024 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 0.077 | 0.066 | 0.025 | 0.025 |
- 7-for-5 split · 27 Jun 2024
- 13-for-10 split · 27 Apr 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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