J 
7.18
+1.41%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥1.39bn
FY2016FY2025
Net income
−CN¥145.8m
FY2016FY2025
Free cash flow
−CN¥518.6m
FY2016FY2025
Shareholders' equity
CN¥2.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.39bn | CN¥1.48bn | CN¥1.39bn | CN¥1.70bn | CN¥1.28bn | CN¥897.4m | CN¥1.01bn | CN¥1.01bn | CN¥775.0m | CN¥634.7m |
| Gross profit | CN¥249.8m | CN¥147.0m | CN¥200.4m | CN¥573.9m | CN¥342.4m | CN¥231.9m | CN¥325.3m | CN¥358.3m | CN¥235.4m | CN¥204.4m |
| Research and development | CN¥46.3m | CN¥44.9m | CN¥41.0m | CN¥62.2m | CN¥44.0m | CN¥25.4m | CN¥35.1m | CN¥34.7m | CN¥21.5m | CN¥20.6m |
| Operating income | −CN¥146.4m | CN¥5.1m | CN¥75.4m | CN¥406.6m | CN¥207.0m | CN¥147.2m | CN¥185.4m | CN¥209.2m | CN¥111.0m | CN¥93.8m |
| Net income | −CN¥145.8m | −CN¥30.9m | CN¥65.0m | CN¥352.4m | CN¥167.6m | CN¥122.7m | CN¥156.6m | CN¥173.7m | CN¥92.5m | CN¥76.8m |
| Diluted earnings per share | -0.23 | -0.09 | 0.15 | 0.55 | 0.29 | 0.20 | 0.35 | 0.27 | 0.14 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.25bn | CN¥4.10bn | CN¥3.00bn | CN¥2.88bn | CN¥2.33bn | CN¥1.85bn | CN¥1.13bn | CN¥971.3m | CN¥935.2m | CN¥877.6m |
| Cash and short-term investments | — | CN¥1.34bn | CN¥174.1m | CN¥427.9m | CN¥771.6m | CN¥663.7m | CN¥174.2m | CN¥85.2m | CN¥74.0m | CN¥86.6m |
| Total liabilities | CN¥1.86bn | CN¥2.00bn | CN¥1.01bn | CN¥868.8m | CN¥592.3m | CN¥167.7m | CN¥321.7m | CN¥323.0m | CN¥460.0m | CN¥489.9m |
| Debt | CN¥1.04bn | CN¥1.26bn | CN¥583.8m | CN¥499.9m | CN¥365.4m | CN¥8.0m | CN¥164.2m | CN¥170.6m | CN¥181.9m | CN¥122.6m |
| Shareholders' equity | CN¥2.04bn | CN¥2.10bn | CN¥1.99bn | CN¥2.01bn | CN¥1.74bn | CN¥1.68bn | CN¥808.8m | CN¥648.4m | CN¥476.6m | CN¥393.1m |
| Shares outstanding | 646m | 360m | 429m | 636m | 570m | 626m | 445m | 646m | 646m | 646m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥99.3m | CN¥276.6m | CN¥194.8m | CN¥348.5m | CN¥76.6m | CN¥96.2m | CN¥235.2m | CN¥162.2m | CN¥79.7m | CN¥126.0m |
| Capital spending | −CN¥419.3m | −CN¥103.0m | −CN¥459.0m | −CN¥777.0m | −CN¥242.1m | −CN¥199.2m | −CN¥127.0m | −CN¥130.1m | −CN¥51.1m | −CN¥35.2m |
| Free cash flow | −CN¥518.6m | CN¥173.6m | −CN¥264.2m | −CN¥428.5m | −CN¥165.5m | −CN¥102.9m | CN¥108.2m | CN¥32.1m | CN¥28.5m | CN¥90.8m |
| Dividends paid | −CN¥18.8m | −CN¥44.9m | −CN¥133.5m | −CN¥53.7m | −CN¥99.6m | −CN¥4.6m | −CN¥7.2m | −CN¥6.7m | −CN¥76.6m | −CN¥8.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥456.3m | CN¥390.7m | CN¥341.8m | CN¥317.2m | CN¥375.3m | CN¥355.8m | CN¥412.6m | CN¥332.6m |
| Gross profit | CN¥46.0m | CN¥8.7m | CN¥19,061 | −CN¥6.4m | CN¥20.5m | CN¥34.5m | CN¥35.7m | CN¥26.0m |
| Operating income | CN¥14.4m | −CN¥31.2m | −CN¥48.7m | −CN¥53.9m | −CN¥16.6m | CN¥4.9m | −CN¥10.1m | −CN¥31.9m |
| Net income | −CN¥2.5m | −CN¥28.0m | −CN¥73.3m | −CN¥45.9m | −CN¥21.0m | −CN¥5.6m | −CN¥16.8m | −CN¥24.9m |
| Diluted earnings per share | -0.00 | -0.04 | -0.11 | -0.07 | -0.03 | -0.01 | -0.05 | -0.07 |
| Cash from operations | — | — | — | CN¥43.0m | CN¥98.0m | −CN¥123.0m | — | CN¥119.0m |
| Capital spending | −CN¥46.0m | −CN¥22.0m | −CN¥312.0m | −CN¥76.0m | −CN¥11.0m | −CN¥19.0m | −CN¥26.0m | −CN¥19.0m |
| Free cash flow | — | — | — | −CN¥33.0m | CN¥87.0m | −CN¥142.0m | — | CN¥100.0m |
| Total assets | CN¥4.29bn | CN¥4.16bn | CN¥4.25bn | CN¥4.02bn | CN¥4.00bn | CN¥4.10bn | CN¥4.10bn | CN¥4.07bn |
| Cash and short-term investments | — | — | — | CN¥1.29bn | CN¥1.23bn | CN¥1.30bn | CN¥1.34bn | CN¥1.44bn |
| Debt | CN¥279.0m | CN¥267.5m | CN¥1.04bn | CN¥562.0m | CN¥1.30bn | CN¥1.34bn | CN¥1.26bn | CN¥1.75bn |
| Shareholders' equity | CN¥2.68bn | CN¥2.68bn | CN¥2.04bn | CN¥2.11bn | CN¥2.05bn | CN¥2.09bn | CN¥2.10bn | CN¥2.07bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.0% | 9.9% | 14.5% | 33.8% | 26.7% | 25.8% |
| Operating margin | -9.6% | 0.3% | 5.4% | 25.1% | 15.9% | 16.1% |
| Net margin | -10.5% | -2.1% | 4.7% | 20.8% | 13.1% | 13.7% |
| Return on equity | -7.1% | -1.5% | 3.3% | 17.6% | 9.6% | 7.3% |
| Return on assets | -3.4% | -0.8% | 2.2% | 12.3% | 7.2% | 6.6% |
| Free cash flow yield | 5.0% | 10.6% | 15.3% | 17.8% | 5.6% | 4.7% |
| Revenue growth | -5.9% | 6.7% | -18.4% | 32.3% | 43.0% | -11.5% |
| Earnings growth | 372.3% | -147.5% | -81.6% | 110.2% | 36.7% | -21.7% |
| Current ratio | 2.53x | 2.25x | 2.73x | 2.53x | 2.91x | 8.26x |
| Debt to equity | 0.51x | 0.60x | 0.31x | 0.24x | 0.21x | 0.00x |
| Equity ratio | 48.0% | 51.3% | 66.3% | 69.8% | 74.6% | 90.9% |
| Interest coverage | -2.93x | 0.11x | 3.08x | 19.69x | 23.92x | 26.72x |
| R&D as a share of sales | 3.3% | 3.0% | 3.0% | 3.7% | 3.4% | 2.8% |
| Buybacks as a share of market value | -79.5% | 16.1% | 32.6% | -11.5% | 8.8% | -40.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.4% | 9.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.8% | 19.7% | 21.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -27.5 | -63.2 | 54.6 | 19.0 | 24.8 | 34.2 |
| Price to sales | 2.9 | 1.3 | 2.6 | 3.9 | 3.2 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.04 | 0.25 | 0.114 | 0.165 |
- 7-for-5 split · 1 Jun 2023
- 13-for-10 split · 21 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.