H 
67.62
-2.77%
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¥1.93bn
FY2017FY2025
Net income
−CN¥160.4m
FY2017FY2025
Free cash flow
−CN¥794.5m
FY2017FY2025
Shareholders' equity
CN¥5.72bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.93bn | CN¥1.99bn | CN¥2.03bn | CN¥1.54bn | CN¥795.2m | CN¥495.0m | CN¥460.0m | CN¥306.9m | CN¥249.3m |
| Research and development | CN¥348.9m | CN¥266.1m | CN¥247.7m | CN¥97.4m | CN¥45.8m | CN¥28.9m | CN¥25.7m | CN¥14.8m | CN¥13.4m |
| Operating income | −CN¥232.5m | CN¥355.5m | CN¥592.1m | CN¥612.1m | CN¥222.4m | CN¥119.3m | CN¥94.2m | CN¥30.9m | −CN¥9.6m |
| Net income | −CN¥160.4m | CN¥344.2m | CN¥511.9m | CN¥532.6m | CN¥201.7m | CN¥104.1m | CN¥80.5m | CN¥15.9m | −CN¥19.6m |
| Diluted earnings per share | -1.33 | 2.79 | 4.14 | 4.30 | 2.15 | 1.12 | 0.67 | 0.13 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.38bn | CN¥8.33bn | CN¥7.23bn | CN¥7.32bn | CN¥6.42bn | CN¥686.9m | CN¥552.1m | CN¥1.10bn | CN¥452.0m |
| Cash and short-term investments | — | CN¥4.11bn | CN¥4.84bn | CN¥5.48bn | CN¥5.69bn | CN¥177.3m | CN¥180.8m | CN¥196.5m | CN¥77.7m |
| Total liabilities | CN¥2.65bn | CN¥1.98bn | CN¥848.5m | CN¥909.1m | CN¥437.7m | CN¥309.7m | CN¥277.7m | CN¥894.2m | CN¥256.3m |
| Debt | CN¥479.0m | CN¥452.2m | CN¥59.5m | CN¥12.4m | CN¥41.5m | CN¥31.5m | CN¥94.2m | CN¥90.5m | CN¥76.5m |
| Shareholders' equity | CN¥5.72bn | CN¥6.36bn | CN¥6.38bn | CN¥6.41bn | CN¥5.99bn | CN¥377.2m | CN¥274.4m | CN¥193.8m | CN¥174.2m |
| Shares outstanding | 120m | 123m | 124m | 124m | 94m | 93m | 120m | 120m | 120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥286.6m | CN¥66.9m | CN¥40.7m | CN¥426.1m | CN¥150.0m | CN¥93.8m | CN¥557,143 | CN¥74.2m | −CN¥59.4m |
| Capital spending | −CN¥507.9m | −CN¥737.4m | −CN¥304.0m | −CN¥470.1m | −CN¥43.4m | −CN¥42.5m | −CN¥140.7m | −CN¥819.3m | −CN¥111.8m |
| Free cash flow | −CN¥794.5m | −CN¥670.5m | −CN¥263.3m | −CN¥44.0m | CN¥106.6m | CN¥51.3m | −CN¥140.2m | −CN¥745.1m | −CN¥171.2m |
| Dividends paid | −CN¥407.9m | −CN¥297.5m | −CN¥494.5m | −CN¥120.0m | −CN¥1.7m | −CN¥2.9m | −CN¥5.5m | −CN¥5.5m | −CN¥6.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥791.3m | CN¥989.0m | CN¥608.7m | CN¥318.0m | CN¥669.2m | CN¥336.1m | CN¥727.4m | CN¥358.0m |
| Operating income | −CN¥92.9m | −CN¥73.0m | −CN¥114.1m | −CN¥110.8m | CN¥11.6m | −CN¥19.2m | CN¥93.2m | CN¥53.2m |
| Net income | −CN¥101.8m | −CN¥62.2m | −CN¥101.3m | −CN¥75.4m | CN¥26.6m | −CN¥10.4m | CN¥98.6m | CN¥58.0m |
| Diluted earnings per share | -0.85 | -0.52 | -0.84 | -0.63 | 0.22 | -0.09 | 0.80 | 0.47 |
| Cash from operations | — | — | — | −CN¥216.0m | CN¥220.0m | −CN¥346.0m | −CN¥2.0m | −CN¥80.0m |
| Capital spending | −CN¥53.0m | −CN¥55.0m | −CN¥71.0m | −CN¥43.0m | −CN¥38.0m | −CN¥354.0m | −CN¥80.0m | −CN¥294.0m |
| Free cash flow | — | — | — | −CN¥259.0m | CN¥182.0m | −CN¥700.0m | −CN¥82.0m | −CN¥374.0m |
| Total assets | CN¥9.35bn | CN¥8.89bn | CN¥8.38bn | CN¥7.77bn | CN¥7.99bn | CN¥8.25bn | CN¥8.33bn | CN¥8.10bn |
| Cash and short-term investments | — | — | — | CN¥3.43bn | CN¥3.79bn | CN¥3.90bn | CN¥4.11bn | CN¥4.35bn |
| Debt | CN¥439.4m | CN¥468.7m | CN¥479.0m | CN¥550.6m | CN¥1.08bn | CN¥1.16bn | CN¥782.7m | CN¥631.2m |
| Shareholders' equity | CN¥5.49bn | CN¥5.67bn | CN¥5.72bn | CN¥5.83bn | CN¥5.89bn | CN¥6.33bn | CN¥6.36bn | CN¥6.23bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -12.0% | 17.8% | 29.2% | 39.8% | 28.0% | 24.1% |
| Net margin | -8.3% | 17.3% | 25.3% | 34.7% | 25.4% | 21.0% |
| Return on equity | -2.8% | 5.4% | 8.0% | 8.3% | 3.4% | 27.6% |
| Return on assets | -1.9% | 4.1% | 7.1% | 7.3% | 3.1% | 15.2% |
| Free cash flow yield | 2.7% | 9.7% | 4.1% | 10.7% | 3.0% | 2.2% |
| Revenue growth | -3.1% | -1.6% | 31.9% | 93.2% | 60.6% | 7.6% |
| Earnings growth | -146.6% | -32.8% | -3.9% | 164.0% | 93.8% | 29.3% |
| Current ratio | 2.83x | 3.82x | 8.27x | 7.89x | 16.74x | 2.03x |
| Debt to equity | 0.08x | 0.07x | 0.01x | 0.00x | 0.01x | 0.08x |
| Equity ratio | 68.2% | 76.3% | 88.2% | 87.6% | 93.2% | 54.9% |
| Interest coverage | -12.03x | 40.29x | 161.34x | 386.20x | 95.80x | 71.20x |
| R&D as a share of sales | 18.1% | 13.4% | 12.2% | 6.3% | 5.8% | 5.8% |
| Buybacks as a share of market value | 2.4% | 0.4% | 0.0% | -31.7% | -0.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | 31.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -75.5 | 40.3 | 43.8 | 98.1 | 105.5 |
| Price to sales | 6.3 | 7.0 | 11.1 | 34.0 | 26.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 19 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 3.20 | 2.416 | 3.998 | 0.965 |
- 1.49-for-1 split · 19 Jun 2024
- 1.49-for-1 split · 13 Jun 2023
- 7-for-5 split · 7 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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