Z 
9.67
+0.42%
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¥226.8m
FY2016FY2025
Net income
−CN¥56.4m
FY2016FY2025
Free cash flow
−CN¥128.9m
FY2016FY2025
Shareholders' equity
CN¥1.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥226.8m | CN¥429.5m | CN¥830.6m | CN¥946.4m | CN¥977.6m | CN¥714.0m | CN¥698.2m | CN¥631.4m | CN¥564.7m | CN¥407.5m |
| Gross profit | CN¥84.5m | CN¥193.8m | CN¥388.4m | CN¥434.7m | CN¥450.7m | CN¥350.8m | CN¥338.0m | CN¥320.0m | CN¥272.2m | CN¥180.8m |
| Research and development | CN¥14.0m | CN¥23.0m | CN¥35.9m | CN¥42.6m | CN¥40.8m | CN¥26.6m | CN¥28.2m | CN¥23.6m | CN¥23.4m | CN¥16.9m |
| Operating income | −CN¥13.5m | CN¥75.1m | CN¥217.8m | CN¥247.2m | CN¥285.2m | CN¥228.6m | CN¥205.7m | CN¥175.5m | CN¥156.7m | CN¥73.2m |
| Net income | −CN¥56.4m | CN¥60.3m | CN¥189.7m | CN¥214.3m | CN¥246.6m | CN¥194.3m | CN¥174.0m | CN¥150.2m | CN¥134.2m | CN¥61.9m |
| Diluted earnings per share | -0.50 | 0.34 | 1.01 | 1.17 | 1.34 | 1.07 | 1.28 | 1.34 | 1.20 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.97bn | CN¥2.12bn | CN¥2.32bn | CN¥2.28bn | CN¥2.25bn | CN¥2.00bn | CN¥1.01bn | CN¥783.7m | CN¥459.9m | CN¥365.7m |
| Cash and short-term investments | — | CN¥659.2m | CN¥1.59bn | CN¥1.30bn | CN¥1.08bn | CN¥953.1m | CN¥305.6m | CN¥272.9m | CN¥96.3m | CN¥38.8m |
| Total liabilities | CN¥154.9m | CN¥197.2m | CN¥343.2m | CN¥358.6m | CN¥356.9m | CN¥297.4m | CN¥297.5m | CN¥244.3m | CN¥270.9m | CN¥207.1m |
| Debt | — | CN¥55.8m | CN¥153.0m | CN¥154.0m | CN¥545,135 | CN¥67.9m | CN¥65.4m | CN¥29.5m | CN¥38.3m | CN¥1.0m |
| Shareholders' equity | CN¥1.81bn | CN¥1.92bn | CN¥1.98bn | CN¥1.92bn | CN¥1.89bn | CN¥1.70bn | CN¥713.4m | CN¥539.4m | CN¥189.0m | CN¥158.5m |
| Shares outstanding | 112m | 180m | 187m | 183m | 184m | 182m | 136m | 112m | 112m | 112m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥112.2m | CN¥9.9m | CN¥217.6m | CN¥306.1m | CN¥177.8m | CN¥173.7m | CN¥243.3m | CN¥157.8m | CN¥150.2m | CN¥182.5m |
| Capital spending | −CN¥16.7m | −CN¥19.3m | −CN¥26.1m | −CN¥39.1m | −CN¥85.0m | −CN¥246.1m | −CN¥51.6m | −CN¥78.5m | −CN¥71.4m | −CN¥73.3m |
| Free cash flow | −CN¥128.9m | −CN¥9.4m | CN¥191.5m | CN¥267.0m | CN¥92.8m | −CN¥72.3m | CN¥191.7m | CN¥79.3m | CN¥78.9m | CN¥109.2m |
| Dividends paid | −CN¥59.6m | −CN¥113.9m | −CN¥128.3m | −CN¥197.4m | −CN¥58.4m | — | — | −CN¥45.9m | −CN¥60.7m | −CN¥158,943 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥33.4m | CN¥23.5m | CN¥60.7m | CN¥59.4m | CN¥81.4m | CN¥49.0m | CN¥116.3m | CN¥79.8m |
| Gross profit | CN¥12.0m | CN¥7.2m | CN¥22.8m | CN¥14.6m | CN¥30.3m | CN¥16.7m | CN¥58.9m | CN¥32.2m |
| Operating income | −CN¥5.9m | −CN¥12.4m | CN¥5.1m | CN¥118,976 | CN¥6.6m | −CN¥1.7m | CN¥22.0m | CN¥6.5m |
| Net income | −CN¥2.7m | −CN¥7.2m | −CN¥59.4m | −CN¥352,395 | CN¥4.6m | −CN¥1.3m | CN¥16.2m | CN¥3.9m |
| Diluted earnings per share | -0.02 | -0.06 | -0.53 | -0.00 | 0.04 | -0.01 | 0.09 | 0.02 |
| Cash from operations | — | — | — | — | −CN¥6.0m | −CN¥32.0m | CN¥7.0m | CN¥47.0m |
| Capital spending | −CN¥2.0m | −CN¥5.0m | — | — | — | −CN¥10.0m | −CN¥13.0m | −CN¥2.0m |
| Free cash flow | — | — | — | — | — | −CN¥42.0m | −CN¥6.0m | CN¥45.0m |
| Total assets | CN¥1.92bn | CN¥1.92bn | CN¥1.97bn | CN¥2.03bn | CN¥2.02bn | CN¥2.09bn | CN¥2.12bn | CN¥2.13bn |
| Cash and short-term investments | — | — | — | CN¥523.7m | CN¥575.8m | CN¥625.4m | CN¥659.2m | CN¥705.6m |
| Debt | — | — | — | CN¥37.9m | CN¥36.1m | CN¥39.3m | CN¥55.8m | CN¥84.3m |
| Shareholders' equity | CN¥1.80bn | CN¥1.80bn | CN¥1.81bn | CN¥1.87bn | CN¥1.87bn | CN¥1.92bn | CN¥1.92bn | CN¥1.91bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 37.2% | 45.1% | 46.8% | 45.9% | 46.1% | 49.1% | — |
| Operating margin | -5.9% | 17.2% | 26.3% | 26.1% | 29.2% | 31.8% | — |
| Net margin | -24.9% | 14.0% | 22.8% | 22.6% | 25.2% | 27.2% | — |
| Return on equity | -3.1% | 3.1% | 9.6% | 11.2% | 13.0% | 11.4% | — |
| Return on assets | -2.9% | 2.8% | 8.2% | 9.4% | 11.0% | 9.7% | — |
| Free cash flow yield | -8.1% | 1.5% | 12.4% | 18.0% | 13.6% | 22.0% | — |
| Revenue growth | -47.2% | -48.3% | -12.2% | -3.2% | 36.9% | 2.3% | — |
| Earnings growth | -193.6% | -68.2% | -11.5% | -13.1% | 26.9% | 11.7% | — |
| Current ratio | 5.49x | 4.86x | 5.39x | 4.98x | 4.87x | 3.70x | — |
| Debt to equity | — | 0.03x | 0.08x | 0.08x | 0.06x | 0.04x | 0.09x |
| Equity ratio | 92.1% | 90.7% | 85.2% | 84.3% | 84.1% | 85.1% | — |
| Interest coverage | — | 227.33x | 944.24x | 1257.07x | 1494.15x | 2265.01x | 1459.34x |
| R&D as a share of sales | 6.2% | 5.4% | 4.3% | 4.5% | 4.2% | 3.7% | — |
| Buybacks as a share of market value | 37.7% | 3.7% | -1.9% | 0.4% | -1.0% | -34.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -37.9% | -20.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.4% | 45.3% | 46.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -31.3 | 38.3 | 14.7 | 12.7 | 19.6 | 20.5 |
| Price to sales | 7.8 | 5.4 | 3.4 | 2.9 | 4.9 | 5.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 26 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.325 | 0.62 | 0.697 | 1.39 | 0.319 |
- 13-for-10 split · 8 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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