J 
10.17
-1.55%
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¥1.10bn
FY2016FY2025
Net income
−CN¥94.5m
FY2016FY2025
Free cash flow
−CN¥503.7m
FY2016FY2025
Shareholders' equity
CN¥2.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.10bn | CN¥1.16bn | CN¥1.16bn | CN¥1.95bn | CN¥1.70bn | CN¥746.2m | CN¥690.2m | CN¥670.6m | CN¥475.1m | CN¥331.7m |
| Gross profit | CN¥107.4m | CN¥156.3m | CN¥171.2m | CN¥821.0m | CN¥720.7m | CN¥198.4m | CN¥209.6m | CN¥235.9m | CN¥139.2m | CN¥86.9m |
| Research and development | CN¥49.2m | CN¥49.3m | CN¥54.8m | CN¥76.4m | CN¥55.1m | CN¥28.2m | CN¥26.7m | CN¥20.1m | CN¥12.0m | CN¥8.5m |
| Operating income | −CN¥74.8m | CN¥45.2m | CN¥96.0m | CN¥729.7m | CN¥619.1m | CN¥141.2m | CN¥134.0m | CN¥161.9m | CN¥31.9m | CN¥34.2m |
| Net income | −CN¥94.5m | CN¥41.4m | CN¥101.2m | CN¥638.6m | CN¥536.9m | CN¥127.6m | CN¥118.8m | CN¥134.5m | CN¥16.8m | CN¥31.5m |
| Diluted earnings per share | -1.49 | 0.12 | 0.32 | 2.07 | 1.73 | 0.38 | 0.52 | 2.12 | 0.26 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.23bn | CN¥3.40bn | CN¥3.15bn | CN¥2.45bn | CN¥1.86bn | CN¥1.25bn | CN¥573.8m | CN¥470.1m | CN¥360.1m | CN¥309.2m |
| Cash and short-term investments | — | CN¥708.6m | CN¥1.26bn | CN¥1.25bn | CN¥944.6m | CN¥707.9m | CN¥104.4m | CN¥105.4m | CN¥53.2m | CN¥12.0m |
| Total liabilities | CN¥1.16bn | CN¥1.20bn | CN¥968.1m | CN¥253.9m | CN¥229.2m | CN¥112.5m | CN¥127.5m | CN¥115.4m | CN¥148.8m | CN¥169.1m |
| Debt | CN¥416.3m | CN¥352.9m | CN¥151.8m | CN¥4.1m | CN¥2.5m | CN¥4.8m | CN¥29.9m | CN¥31.3m | CN¥72.5m | CN¥51.2m |
| Shareholders' equity | CN¥2.08bn | CN¥2.20bn | CN¥2.19bn | CN¥2.20bn | CN¥1.63bn | CN¥1.13bn | CN¥446.2m | CN¥354.7m | CN¥211.3m | CN¥140.2m |
| Shares outstanding | 64m | 355m | 312m | 309m | 311m | 340m | 229m | 64m | 64m | 64m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥69.7m | CN¥40.4m | CN¥199.4m | CN¥608.1m | CN¥343.7m | CN¥122.0m | CN¥82.6m | CN¥134.3m | CN¥98.0m | CN¥47.6m |
| Capital spending | −CN¥434.0m | −CN¥586.8m | −CN¥273.5m | −CN¥196.2m | −CN¥31.4m | −CN¥56.2m | −CN¥62.8m | −CN¥50.4m | −CN¥34.3m | −CN¥34.2m |
| Free cash flow | −CN¥503.7m | −CN¥546.5m | −CN¥74.1m | CN¥411.9m | CN¥312.3m | CN¥65.8m | CN¥19.8m | CN¥83.9m | CN¥63.7m | CN¥13.4m |
| Dividends paid | −CN¥42.0m | −CN¥40.0m | −CN¥96.1m | −CN¥92.4m | −CN¥38.6m | −CN¥399,806 | −CN¥27.6m | −CN¥33.7m | −CN¥4.8m | −CN¥2.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥342.4m | CN¥334.5m | CN¥310.7m | CN¥276.1m | CN¥284.8m | CN¥232.5m | CN¥287.1m | CN¥295.2m |
| Gross profit | CN¥53.4m | CN¥28.2m | CN¥24.5m | CN¥40.1m | CN¥12.1m | CN¥30.7m | CN¥30.6m | CN¥42.6m |
| Operating income | CN¥15.7m | −CN¥7.0m | −CN¥5.4m | −CN¥30.4m | CN¥3.5m | −CN¥3.4m | CN¥6.6m | CN¥3.5m |
| Net income | −CN¥19.5m | −CN¥19.4m | −CN¥60.7m | −CN¥29.5m | CN¥440,327 | −CN¥4.7m | −CN¥4.5m | CN¥3.9m |
| Diluted earnings per share | -0.31 | -0.30 | -0.96 | -0.46 | 0.01 | -0.07 | -0.01 | 0.01 |
| Cash from operations | — | — | — | −CN¥29.0m | CN¥15.0m | −CN¥13.0m | — | CN¥40.0m |
| Capital spending | −CN¥34.0m | −CN¥92.0m | −CN¥31.0m | −CN¥87.0m | −CN¥110.0m | −CN¥204.0m | −CN¥182.0m | −CN¥121.0m |
| Free cash flow | — | — | — | −CN¥116.0m | −CN¥95.0m | −CN¥217.0m | — | −CN¥81.0m |
| Total assets | CN¥3.17bn | CN¥3.18bn | CN¥3.23bn | CN¥3.28bn | CN¥3.29bn | CN¥3.32bn | CN¥3.40bn | CN¥3.30bn |
| Cash and short-term investments | — | — | — | CN¥508.5m | CN¥560.3m | CN¥560.4m | CN¥708.6m | CN¥665.8m |
| Debt | CN¥423.2m | CN¥445.8m | CN¥416.3m | CN¥67.6m | CN¥440.5m | CN¥446.1m | CN¥351.6m | CN¥349.8m |
| Shareholders' equity | CN¥2.04bn | CN¥2.06bn | CN¥2.08bn | CN¥2.15bn | CN¥2.17bn | CN¥2.20bn | CN¥2.20bn | CN¥2.21bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 9.7% | 13.5% | 14.7% | 42.2% | 42.5% | 26.6% | — |
| Operating margin | -6.2% | 5.1% | 9.5% | 37.4% | 36.8% | 19.8% | — |
| Net margin | -8.6% | 3.6% | 8.7% | 32.8% | 31.6% | 17.1% | — |
| Return on equity | -4.5% | 1.9% | 4.6% | 29.1% | 32.9% | 11.2% | — |
| Return on assets | -2.9% | 1.2% | 3.2% | 26.1% | 28.8% | 10.2% | — |
| Free cash flow yield | 50.3% | 15.5% | 13.3% | 22.8% | 10.6% | 4.6% | — |
| Revenue growth | -4.8% | -0.4% | -40.2% | 14.7% | 127.5% | 8.1% | — |
| Earnings growth | -328.5% | -59.1% | -84.1% | 19.0% | 320.9% | 7.3% | — |
| Current ratio | 2.03x | 2.13x | 2.48x | 9.34x | 6.57x | 8.58x | — |
| Debt to equity | 0.20x | 0.16x | 0.07x | 0.00x | 0.00x | — | 0.07x |
| Equity ratio | 64.3% | 64.7% | 69.3% | 89.6% | 87.7% | 91.0% | — |
| Interest coverage | -9.05x | 31.94x | 743.14x | 1850.06x | 1496.45x | 234.58x | — |
| R&D as a share of sales | 4.5% | 4.3% | 4.7% | 3.9% | 3.2% | 3.8% | — |
| Buybacks as a share of market value | 82.1% | -13.9% | -0.9% | 0.6% | 8.4% | -48.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.2% | 8.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.6% | 23.4% | 27.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -9.1 | 100.3 | 41.8 | 12.0 | 13.6 | 27.9 |
| Price to sales | 0.8 | 3.6 | 3.6 | 4.0 | 4.3 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 28 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.40 | 0.385 | 0.124 |
- 13-for-10 split · 2 Jun 2023
- 13-for-10 split · 8 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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