N 
9.86
-0.90%
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¥2.63bn
FY2016FY2025
Net income
−CN¥58.7m
FY2016FY2025
Free cash flow
−CN¥46.8m
FY2016FY2025
Shareholders' equity
CN¥1.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.63bn | CN¥2.95bn | CN¥3.01bn | CN¥3.59bn | CN¥3.00bn | CN¥2.42bn | CN¥2.26bn | CN¥2.03bn | CN¥1.66bn | CN¥1.33bn |
| Gross profit | CN¥320.0m | CN¥185.6m | CN¥337.5m | CN¥725.4m | CN¥409.2m | CN¥515.0m | CN¥485.4m | CN¥385.5m | CN¥321.7m | CN¥276.1m |
| Research and development | CN¥89.9m | CN¥94.7m | CN¥98.1m | CN¥103.9m | CN¥88.1m | CN¥73.9m | CN¥66.4m | CN¥36.5m | CN¥7.7m | CN¥47.7m |
| Operating income | CN¥22.3m | −CN¥102.0m | CN¥34.6m | CN¥470.2m | CN¥203.5m | CN¥301.1m | CN¥269.1m | CN¥238.3m | CN¥188.3m | CN¥158.2m |
| Net income | −CN¥58.7m | −CN¥103.8m | CN¥32.7m | CN¥401.5m | CN¥174.1m | CN¥247.6m | CN¥221.0m | CN¥200.9m | CN¥160.8m | CN¥147.7m |
| Diluted earnings per share | -0.29 | -0.50 | 0.16 | 1.96 | 0.85 | 1.21 | 1.08 | 0.98 | 0.80 | 0.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.29bn | CN¥3.36bn | CN¥3.55bn | CN¥3.17bn | CN¥2.78bn | CN¥2.39bn | CN¥2.09bn | CN¥1.97bn | CN¥1.81bn | CN¥1.74bn |
| Cash and short-term investments | — | CN¥1.13bn | CN¥1.25bn | CN¥1.21bn | CN¥974.3m | CN¥1.13bn | CN¥518.5m | CN¥510.5m | CN¥361.5m | CN¥474.8m |
| Total liabilities | CN¥1.43bn | CN¥1.44bn | CN¥1.46bn | CN¥1.08bn | CN¥994.1m | CN¥690.9m | CN¥515.3m | CN¥520.8m | CN¥477.3m | CN¥481.0m |
| Debt | CN¥39.7m | CN¥272.0m | CN¥449.6m | CN¥405.0m | CN¥285.7m | CN¥322.3m | CN¥180.9m | CN¥229.5m | CN¥156.5m | CN¥110.6m |
| Shareholders' equity | CN¥1.77bn | CN¥1.83bn | CN¥1.99bn | CN¥2.09bn | CN¥1.79bn | CN¥1.70bn | CN¥1.57bn | CN¥1.45bn | CN¥1.33bn | CN¥1.26bn |
| Shares outstanding | 205m | 207m | 211m | 204m | 204m | 204m | 205m | 204m | 201m | 207m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥2.6m | CN¥177.8m | CN¥198.1m | CN¥326.2m | CN¥164.8m | CN¥311.0m | CN¥285.3m | CN¥230.2m | CN¥168.1m | CN¥196.9m |
| Capital spending | −CN¥44.2m | −CN¥76.7m | −CN¥45.2m | −CN¥101.0m | −CN¥191.3m | −CN¥93.1m | −CN¥46.9m | −CN¥19.2m | −CN¥73.4m | −CN¥105.5m |
| Free cash flow | −CN¥46.8m | CN¥101.1m | CN¥152.9m | CN¥225.2m | −CN¥26.6m | CN¥217.9m | CN¥238.4m | CN¥211.0m | CN¥94.7m | CN¥91.4m |
| Dividends paid | −CN¥18.3m | −CN¥77.4m | −CN¥185.8m | −CN¥102.2m | −CN¥102.2m | −CN¥102.2m | −CN¥102.2m | −CN¥85.1m | −CN¥79.3m | −CN¥46.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥770.0m | CN¥644.4m | CN¥639.4m | CN¥592.2m | CN¥710.8m | CN¥688.2m | CN¥754.5m | CN¥702.8m |
| Gross profit | CN¥109.9m | CN¥84.2m | CN¥80.8m | CN¥89.4m | CN¥71.7m | CN¥78.2m | −CN¥2.5m | CN¥86.6m |
| Operating income | CN¥39.1m | CN¥8.9m | −CN¥2.7m | −CN¥30.8m | CN¥19.3m | −CN¥6.9m | −CN¥5.9m | −CN¥46.8m |
| Net income | CN¥12.1m | −CN¥18.1m | −CN¥34.4m | −CN¥26.8m | CN¥9.3m | −CN¥6.7m | −CN¥10.0m | −CN¥49.6m |
| Diluted earnings per share | 0.06 | -0.09 | -0.17 | -0.13 | 0.05 | -0.03 | -0.05 | -0.24 |
| Cash from operations | — | — | — | −CN¥63.0m | CN¥83.0m | −CN¥138.0m | — | CN¥67.0m |
| Capital spending | −CN¥24.0m | −CN¥9.0m | −CN¥14.0m | −CN¥5.0m | −CN¥4.0m | −CN¥19.0m | −CN¥38.0m | −CN¥14.0m |
| Free cash flow | — | — | — | −CN¥68.0m | CN¥79.0m | −CN¥157.0m | — | CN¥53.0m |
| Total assets | CN¥3.31bn | CN¥3.33bn | CN¥3.29bn | CN¥3.41bn | CN¥3.46bn | CN¥3.57bn | CN¥3.36bn | CN¥3.47bn |
| Cash and short-term investments | — | — | — | CN¥1.10bn | CN¥1.12bn | CN¥1.15bn | CN¥1.13bn | CN¥1.18bn |
| Debt | CN¥45.4m | CN¥39.7m | CN¥39.7m | CN¥892.7m | CN¥287.7m | CN¥559.1m | CN¥271.9m | CN¥422.9m |
| Shareholders' equity | CN¥1.77bn | CN¥1.75bn | CN¥1.77bn | CN¥1.81bn | CN¥1.84bn | CN¥1.82bn | CN¥1.83bn | CN¥1.86bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.2% | 6.3% | 11.2% | 20.2% | 13.6% | 21.2% |
| Operating margin | -1.6% | -2.9% | 2.3% | 13.4% | 7.0% | 12.5% |
| Net margin | -2.2% | -3.5% | 1.1% | 11.2% | 5.8% | 10.2% |
| Return on equity | -3.3% | -5.7% | 1.6% | 19.2% | 9.7% | 14.5% |
| Return on assets | -1.8% | -3.1% | 0.9% | 12.7% | 6.3% | 10.3% |
| Free cash flow yield | 1.9% | 11.4% | 10.7% | 19.4% | 16.2% | 18.4% |
| Revenue growth | -10.9% | -1.8% | -16.2% | 19.7% | 23.7% | 7.4% |
| Earnings growth | -43.5% | -417.5% | -91.9% | 130.7% | -29.7% | 12.0% |
| Current ratio | 1.56x | 1.78x | 2.19x | 2.63x | 2.54x | 2.70x |
| Debt to equity | 0.02x | 0.15x | 0.23x | 0.10x | 0.16x | 0.18x |
| Equity ratio | 53.7% | 54.4% | 56.2% | 66.0% | 64.3% | 71.1% |
| Interest coverage | -2.84x | -3.94x | 3.62x | 35.91x | 20.68x | 36.69x |
| R&D as a share of sales | 3.4% | 3.2% | 3.3% | 2.9% | 2.9% | 3.0% |
| Buybacks as a share of market value | 1.1% | 1.5% | -3.0% | -0.0% | -0.3% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.8% | 1.7% | 7.8% |
| Operating income | -63.8% | -40.6% | -14.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.1% | 12.9% | 14.2% | 16.0% |
| Operating margin | -1.4% | 3.5% | 5.3% | 7.2% |
| Net margin | -2.9% | 2.2% | 3.9% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -39.1 | -18.5 | 91.5 | 11.1 | 21.9 | 13.8 | 13.7 | 12.9 | 24.9 | 34.1 |
| Price to sales | 0.9 | 0.7 | 1.0 | 1.2 | 1.3 | 1.4 | 1.3 | 1.3 | 2.4 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.28 | 0.80 | 0.50 | 0.50 | 0.50 | 0.50 | 0.38 | 0.36 |
- 2-for-1 split · 21 Sept 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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