C 
11.76
-0.08%
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¥1.03bn
FY2016FY2025
Net income
−CN¥105.8m
FY2016FY2025
Free cash flow
CN¥182.3m
FY2016FY2025
Shareholders' equity
CN¥1.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.03bn | CN¥1.06bn | CN¥1.60bn | CN¥1.44bn | CN¥1.46bn | CN¥1.62bn | CN¥1.34bn | CN¥1.03bn | CN¥529.3m | CN¥409.1m |
| Gross profit | CN¥290.1m | CN¥253.6m | CN¥531.3m | CN¥466.7m | CN¥503.6m | CN¥457.0m | CN¥409.1m | CN¥294.0m | CN¥156.0m | CN¥110.5m |
| Research and development | CN¥31.9m | CN¥38.1m | CN¥55.5m | CN¥56.4m | CN¥50.0m | CN¥55.7m | CN¥41.8m | CN¥33.3m | CN¥14.8m | CN¥10.8m |
| Operating income | CN¥123.1m | −CN¥69.5m | CN¥283.8m | CN¥156.3m | CN¥215.5m | CN¥250.5m | CN¥230.5m | CN¥158.2m | CN¥80.6m | CN¥50.4m |
| Net income | −CN¥105.8m | −CN¥116.9m | CN¥163.4m | CN¥120.3m | CN¥164.2m | CN¥137.6m | CN¥111.1m | CN¥92.6m | CN¥62.2m | CN¥46.8m |
| Diluted earnings per share | -0.42 | -0.36 | 0.65 | 0.48 | 0.80 | 0.67 | 0.52 | 0.47 | 0.33 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.94bn | CN¥4.63bn | CN¥4.90bn | CN¥4.54bn | CN¥3.70bn | CN¥3.14bn | CN¥2.92bn | CN¥2.40bn | CN¥1.34bn | CN¥813.0m |
| Cash and short-term investments | — | CN¥670.6m | CN¥672.1m | CN¥590.7m | CN¥290.3m | CN¥233.8m | CN¥427.0m | CN¥238.6m | CN¥157.3m | CN¥154.6m |
| Total liabilities | CN¥2.47bn | CN¥3.01bn | CN¥2.99bn | CN¥2.75bn | CN¥2.38bn | CN¥1.98bn | CN¥1.89bn | CN¥1.53bn | CN¥617.9m | CN¥370.6m |
| Debt | CN¥501.9m | CN¥1.37bn | CN¥1.51bn | CN¥1.35bn | CN¥1.42bn | CN¥813.9m | CN¥1.00bn | CN¥777.1m | CN¥210.3m | CN¥184.9m |
| Shareholders' equity | CN¥1.41bn | CN¥1.52bn | CN¥1.78bn | CN¥1.66bn | CN¥1.17bn | CN¥1.03bn | CN¥899.1m | CN¥807.6m | CN¥716.7m | CN¥433.3m |
| Shares outstanding | 251m | 323m | 253m | 250m | 205m | 204m | 212m | 199m | 190m | 151m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥197.8m | CN¥183.5m | CN¥197.9m | CN¥5.3m | CN¥62.8m | CN¥319.2m | CN¥265.8m | CN¥36.9m | −CN¥153.7m | CN¥97.9m |
| Capital spending | −CN¥15.5m | −CN¥24.2m | −CN¥53.1m | −CN¥131.0m | −CN¥272.2m | −CN¥285.3m | −CN¥190.5m | −CN¥259.3m | −CN¥85.2m | −CN¥46.6m |
| Free cash flow | CN¥182.3m | CN¥159.3m | CN¥144.8m | −CN¥125.7m | −CN¥209.5m | CN¥33.9m | CN¥75.3m | −CN¥222.4m | −CN¥238.9m | CN¥51.3m |
| Dividends paid | −CN¥67.2m | −CN¥131.9m | −CN¥133.7m | −CN¥49.3m | −CN¥14.2m | −CN¥11.1m | −CN¥9.3m | −CN¥34.8m | −CN¥13.1m | −CN¥6.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥178.0m | CN¥138.6m | CN¥363.4m | CN¥250.4m | CN¥257.4m | CN¥153.9m | CN¥410.2m | CN¥192.5m |
| Gross profit | CN¥59.9m | CN¥56.4m | CN¥80.3m | CN¥79.7m | CN¥77.6m | CN¥52.5m | CN¥54.5m | CN¥57.7m |
| Operating income | CN¥27.8m | CN¥25.0m | CN¥34.7m | CN¥40.6m | CN¥5.3m | CN¥21.2m | −CN¥113.1m | −CN¥20.4m |
| Net income | −CN¥2.7m | CN¥17.2m | −CN¥153.4m | CN¥37.6m | CN¥6.9m | CN¥3.1m | −CN¥114.6m | −CN¥10.3m |
| Diluted earnings per share | -0.01 | 0.07 | -0.61 | 0.15 | 0.03 | 0.01 | -0.36 | -0.03 |
| Cash from operations | — | — | — | CN¥163.0m | CN¥55.0m | −CN¥217.0m | — | CN¥2.0m |
| Capital spending | — | −CN¥3.0m | −CN¥10.0m | — | −CN¥1.0m | −CN¥2.0m | −CN¥2.0m | — |
| Free cash flow | — | — | — | — | CN¥54.0m | −CN¥219.0m | — | — |
| Total assets | CN¥3.74bn | CN¥3.81bn | CN¥3.94bn | CN¥4.23bn | CN¥4.35bn | CN¥4.41bn | CN¥4.63bn | CN¥4.65bn |
| Cash and short-term investments | — | — | — | CN¥315.4m | CN¥342.8m | CN¥457.8m | CN¥670.6m | CN¥441.5m |
| Debt | CN¥457.6m | CN¥489.3m | CN¥501.9m | CN¥722.4m | CN¥1.29bn | CN¥1.40bn | CN¥1.35bn | CN¥1.48bn |
| Shareholders' equity | CN¥1.43bn | CN¥1.43bn | CN¥1.41bn | CN¥1.56bn | CN¥1.53bn | CN¥1.52bn | CN¥1.52bn | CN¥1.63bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.3% | 24.0% | 33.2% | 32.5% | 34.4% | 28.1% |
| Operating margin | -7.4% | -6.6% | 18.3% | 16.0% | 18.8% | 15.6% |
| Net margin | -10.3% | -11.1% | 10.2% | 8.4% | 11.2% | 8.5% |
| Return on equity | -7.5% | -7.7% | 9.2% | 7.2% | 14.0% | 13.3% |
| Return on assets | -2.7% | -2.5% | 3.3% | 2.6% | 4.4% | 4.4% |
| Free cash flow yield | 7.1% | 5.4% | 8.3% | 4.6% | 13.7% | 24.7% |
| Revenue growth | -3.1% | -33.8% | 11.4% | -1.8% | -10.0% | 21.6% |
| Earnings growth | -9.5% | -171.6% | 35.8% | -26.7% | 19.3% | 23.9% |
| Current ratio | 1.18x | 1.18x | 1.37x | 1.43x | 0.99x | 0.93x |
| Debt to equity | 0.36x | 0.89x | 0.75x | 0.78x | 1.10x | 0.68x |
| Equity ratio | 35.9% | 32.7% | 36.2% | 36.6% | 31.7% | 32.9% |
| Interest coverage | -1.14x | -0.82x | 3.34x | 2.99x | 4.46x | 4.13x |
| R&D as a share of sales | 3.1% | 3.6% | 3.5% | 3.9% | 3.4% | 3.4% |
| Buybacks as a share of market value | 22.1% | -27.7% | -1.2% | -21.9% | -0.3% | 3.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.6% | -8.8% | 12.0% |
| Operating income | -7.6% | -13.2% | 13.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.1% | 30.1% | 30.5% | 30.2% |
| Operating margin | 2.6% | 9.6% | 11.7% | 12.8% |
| Net margin | -10.7% | 1.2% | 4.4% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.6 | -17.8 | 15.3 | 18.8 | 14.1 | 16.3 | 18.9 | 22.0 | 60.0 |
| Price to sales | 3.6 | 2.0 | 1.6 | 1.6 | 1.6 | 1.4 | 1.6 | 2.0 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.192 | 0.19 | 0.193 | 0.07 | 0.055 | 0.046 | 0.051 | 0.026 |
- 7-for-5 split · 13 Jul 2020
- 7-for-5 split · 28 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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