J 
14.19
-0.35%
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¥3.96bn
FY2016FY2025
Net income
CN¥83.5m
FY2016FY2025
Free cash flow
−CN¥140.5m
FY2016FY2025
Shareholders' equity
CN¥3.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.96bn | CN¥1.73bn | CN¥1.85bn | CN¥1.94bn | CN¥2.29bn | CN¥2.38bn | CN¥1.43bn | CN¥1.19bn | CN¥740.7m | CN¥629.3m |
| Gross profit | CN¥326.9m | CN¥36.5m | CN¥99.1m | CN¥208.4m | CN¥558.4m | CN¥710.3m | CN¥325.9m | CN¥294.9m | CN¥233.7m | CN¥233.8m |
| Research and development | CN¥79.2m | CN¥67.3m | CN¥77.2m | CN¥57.8m | CN¥88.2m | CN¥99.1m | CN¥59.5m | CN¥46.6m | CN¥25.6m | CN¥24.1m |
| Operating income | CN¥127.9m | −CN¥165.2m | −CN¥43.8m | CN¥115.5m | CN¥530.3m | CN¥550.9m | CN¥77.2m | CN¥148.7m | CN¥114.6m | CN¥130.3m |
| Net income | CN¥83.5m | −CN¥138.3m | −CN¥35.0m | CN¥94.8m | CN¥441.9m | CN¥463.1m | CN¥82.9m | CN¥124.8m | CN¥90.7m | CN¥94.7m |
| Diluted earnings per share | 0.19 | -0.31 | -0.08 | 0.21 | 1.07 | 3.05 | 0.24 | 0.36 | 0.26 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.73bn | CN¥4.60bn | CN¥4.95bn | CN¥4.31bn | CN¥3.89bn | CN¥2.69bn | CN¥1.95bn | CN¥1.77bn | CN¥1.24bn | CN¥900.5m |
| Cash and short-term investments | CN¥574.6m | CN¥376.8m | CN¥748.8m | CN¥1.19bn | CN¥1.84bn | CN¥294.8m | CN¥298.2m | CN¥256.2m | CN¥338.1m | CN¥138.5m |
| Total liabilities | CN¥2.40bn | CN¥1.39bn | CN¥1.60bn | CN¥916.6m | CN¥555.4m | CN¥1.14bn | CN¥775.9m | CN¥615.7m | CN¥237.6m | CN¥460.0m |
| Debt | CN¥1.99bn | CN¥777.6m | CN¥873.2m | CN¥82.0m | CN¥273.0m | CN¥571.5m | CN¥324.5m | CN¥184.0m | CN¥44,890 | CN¥226.6m |
| Shareholders' equity | CN¥3.27bn | CN¥3.21bn | CN¥3.35bn | CN¥3.40bn | CN¥3.34bn | CN¥1.52bn | CN¥1.14bn | CN¥1.10bn | CN¥1.00bn | CN¥440.5m |
| Shares outstanding | 437m | 440m | 440m | 441m | 413m | 152m | 344m | 345m | 345m | 258m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥61.0m | −CN¥106.1m | −CN¥113.0m | −CN¥158.0m | CN¥325.5m | CN¥242.5m | CN¥28.1m | CN¥39.6m | CN¥48.8m | CN¥82.0m |
| Capital spending | −CN¥79.5m | −CN¥203.8m | −CN¥1.09bn | −CN¥545.3m | −CN¥336.2m | −CN¥61.0m | −CN¥78.9m | −CN¥81.2m | −CN¥61.0m | −CN¥39.7m |
| Free cash flow | −CN¥140.5m | −CN¥309.9m | −CN¥1.20bn | −CN¥703.3m | −CN¥10.7m | CN¥181.5m | −CN¥50.7m | −CN¥41.6m | −CN¥12.2m | CN¥42.3m |
| Dividends paid | −CN¥25.5m | −CN¥26.0m | −CN¥19.5m | −CN¥33.9m | −CN¥81.5m | −CN¥84.4m | −CN¥41.6m | −CN¥29.7m | −CN¥20.2m | −CN¥26.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥655.0m | CN¥1.21bn | CN¥834.0m | CN¥1.05bn | CN¥1.36bn | CN¥707.6m | CN¥661.0m | CN¥424.1m |
| Gross profit | CN¥100.6m | CN¥156.4m | CN¥86.5m | CN¥106.8m | CN¥71.8m | CN¥87.3m | CN¥7.8m | CN¥6.4m |
| Operating income | CN¥50.0m | CN¥114.6m | CN¥43.2m | CN¥23.8m | CN¥27.5m | CN¥37.6m | −CN¥80.9m | −CN¥43.2m |
| Net income | CN¥3.2m | CN¥65.1m | CN¥19.2m | CN¥24.1m | CN¥10.3m | CN¥29.9m | −CN¥64.6m | −CN¥41.7m |
| Diluted earnings per share | 0.01 | 0.15 | 0.04 | 0.06 | 0.02 | 0.07 | -0.15 | -0.09 |
| Cash from operations | — | — | CN¥31.0m | CN¥17.0m | −CN¥149.0m | CN¥39.0m | −CN¥72.0m | −CN¥4.0m |
| Capital spending | −CN¥7.0m | −CN¥18.0m | −CN¥29.0m | −CN¥40.0m | −CN¥11.0m | −CN¥21.0m | −CN¥61.0m | −CN¥67.0m |
| Free cash flow | — | — | CN¥2.0m | −CN¥23.0m | −CN¥160.0m | CN¥18.0m | −CN¥133.0m | −CN¥71.0m |
| Total assets | CN¥6.07bn | CN¥5.92bn | CN¥5.73bn | CN¥5.57bn | CN¥5.61bn | CN¥4.67bn | CN¥4.60bn | CN¥4.52bn |
| Cash and short-term investments | — | — | CN¥574.6m | CN¥513.1m | CN¥515.4m | CN¥402.0m | CN¥376.8m | CN¥340.4m |
| Debt | CN¥47.0m | CN¥48.8m | CN¥1.66bn | CN¥1.57bn | CN¥1.01bn | CN¥845.6m | CN¥775.2m | CN¥755.8m |
| Shareholders' equity | CN¥3.32bn | CN¥3.34bn | CN¥3.27bn | CN¥3.22bn | CN¥3.20bn | CN¥3.23bn | CN¥3.21bn | CN¥3.27bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.3% | 2.1% | 5.4% | 10.7% | 24.3% | 29.8% |
| Operating margin | 3.2% | -7.4% | -1.4% | 6.1% | 23.2% | 24.0% |
| Net margin | 2.1% | -8.0% | -1.9% | 4.9% | 19.3% | 19.4% |
| Return on equity | 2.6% | -4.3% | -1.0% | 2.8% | 13.2% | 30.4% |
| Return on assets | 1.5% | -3.0% | -0.7% | 2.2% | 11.4% | 17.2% |
| Free cash flow yield | 0.3% | 1.3% | 13.4% | 5.3% | 9.7% | 12.1% |
| Revenue growth | 129.2% | -6.6% | -4.9% | -15.2% | -3.8% | 66.6% |
| Earnings growth | -160.4% | 295.3% | -136.9% | -78.5% | -4.6% | 458.5% |
| Current ratio | 1.28x | 1.51x | 1.50x | 2.87x | 5.19x | 1.46x |
| Debt to equity | 0.51x | 0.24x | 0.26x | 0.02x | 0.00x | 0.40x |
| Equity ratio | 57.1% | 69.8% | 67.6% | 78.8% | 85.7% | 56.6% |
| Interest coverage | 2.75x | -4.14x | -1.43x | 33.82x | 24.30x | 25.47x |
| R&D as a share of sales | 2.0% | 3.9% | 4.2% | 3.0% | 3.8% | 4.2% |
| Buybacks as a share of market value | 0.8% | -0.1% | 0.3% | -6.8% | -172.3% | 56.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.7% | 10.7% | 19.5% |
| Operating income | 3.5% | -25.3% | 5.1% |
| Net income | -4.1% | -29.0% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.4% | 7.1% | 13.7% | 17.1% |
| Operating margin | -0.7% | 0.4% | 7.9% | 8.8% |
| Net margin | -1.0% | 0.1% | 6.4% | 7.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 79.8 | -37.2 | -312.5 | 114.9 | 38.4 | 6.4 | 27.4 | 17.3 | 32.8 |
| Price to sales | 1.7 | 3.0 | 5.9 | 5.6 | 7.4 | 1.2 | 1.6 | 1.8 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.10 | 0.237 | 0.296 | 0.121 | 0.081 |
- 13-for-10 split · 10 Jun 2022
- 13-for-10 split · 22 Jun 2021
- 7-for-5 split · 16 Jun 2020
- 7-for-5 split · 20 May 2019
- 13-for-10 split · 29 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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