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17.41
-2.08%
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¥4.84bn
FY2016FY2025
Net income
−CN¥1.13bn
FY2016FY2025
Free cash flow
−CN¥1.74bn
FY2016FY2025
Shareholders' equity
CN¥39.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.84bn | CN¥7.41bn | CN¥16.33bn | CN¥30.94bn | CN¥10.83bn | CN¥4.66bn | CN¥2.43bn | CN¥1.99bn | CN¥2.18bn | CN¥1.30bn |
| Gross profit | −CN¥1.25bn | −CN¥1.60bn | CN¥6.56bn | CN¥23.15bn | CN¥7.11bn | CN¥1.56bn | CN¥540.6m | CN¥652.7m | CN¥996.6m | CN¥522.1m |
| Research and development | CN¥18.6m | CN¥32.8m | CN¥71.5m | CN¥67.1m | CN¥41.6m | CN¥47.4m | CN¥33.9m | CN¥21.7m | CN¥4.6m | CN¥25.8m |
| Operating income | −CN¥1.28bn | −CN¥3.08bn | CN¥6.90bn | CN¥22.53bn | CN¥6.74bn | CN¥1.23bn | CN¥385.2m | CN¥482.2m | CN¥769.3m | CN¥312.8m |
| Net income | −CN¥1.13bn | −CN¥2.72bn | CN¥5.76bn | CN¥19.12bn | CN¥5.72bn | CN¥1.04bn | CN¥247.1m | CN¥405.1m | CN¥677.1m | CN¥282.2m |
| Diluted earnings per share | -0.54 | -1.30 | 2.72 | 8.92 | 2.95 | 0.63 | 0.12 | 0.19 | 1.04 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥42.70bn | CN¥44.20bn | CN¥50.70bn | CN¥52.26bn | CN¥22.47bn | CN¥9.00bn | CN¥9.11bn | CN¥5.87bn | CN¥4.42bn | CN¥3.73bn |
| Cash and short-term investments | CN¥4.72bn | CN¥5.01bn | CN¥19.63bn | CN¥23.80bn | CN¥6.30bn | CN¥695.7m | CN¥784.4m | CN¥635.9m | CN¥383.4m | CN¥175.1m |
| Total liabilities | −CN¥39.09bn | CN¥4.04bn | CN¥6.82bn | CN¥6.72bn | CN¥6.00bn | CN¥4.33bn | CN¥5.78bn | CN¥2.86bn | CN¥2.62bn | CN¥2.61bn |
| Debt | — | CN¥45.3m | CN¥47.3m | CN¥242.2m | CN¥693.2m | CN¥2.29bn | CN¥3.80bn | CN¥1.68bn | — | — |
| Shareholders' equity | CN¥39.09bn | CN¥40.16bn | CN¥43.88bn | CN¥45.54bn | CN¥16.47bn | CN¥4.66bn | CN¥3.33bn | CN¥3.01bn | CN¥1.81bn | CN¥1.13bn |
| Shares outstanding | 2,083m | 2,095m | 2,117m | 2,143m | 1,942m | 1,662m | 2,083m | 2,083m | 652m | 663m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.58bn | −CN¥5.39bn | CN¥8.74bn | CN¥15.37bn | CN¥2.64bn | CN¥416.4m | −CN¥757.7m | −CN¥415.6m | CN¥1.08bn | CN¥637.2m |
| Capital spending | −CN¥166.7m | −CN¥527.2m | −CN¥5.22bn | −CN¥8.52bn | −CN¥1.90bn | −CN¥441.9m | −CN¥931.3m | −CN¥126.8m | −CN¥487.5m | −CN¥399.7m |
| Free cash flow | −CN¥1.74bn | −CN¥5.91bn | CN¥3.52bn | CN¥6.84bn | CN¥747.1m | −CN¥25.5m | −CN¥1.69bn | −CN¥542.5m | CN¥590.1m | CN¥237.5m |
| Dividends paid | — | −CN¥893.3m | −CN¥7.69bn | −CN¥1.25bn | −CN¥44.7m | −CN¥106.2m | −CN¥90.4m | −CN¥67.6m | −CN¥106.9m | −CN¥153.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥434.3m | CN¥188.5m | CN¥1.60bn | CN¥1.77bn | CN¥562.9m | CN¥907.2m | CN¥1.41bn | CN¥1.42bn |
| Gross profit | −CN¥235.9m | −CN¥227.7m | −CN¥1.00bn | CN¥929.2m | −CN¥908.8m | −CN¥266.6m | −CN¥1.85bn | CN¥915.0m |
| Operating income | −CN¥335.3m | −CN¥302.8m | −CN¥106.3m | CN¥98.4m | −CN¥642.8m | −CN¥644.2m | −CN¥1.84bn | −CN¥515.9m |
| Net income | −CN¥794.2m | −CN¥800.8m | −CN¥56.0m | CN¥73.5m | −CN¥588.7m | −CN¥558.0m | −CN¥1.62bn | −CN¥429.0m |
| Diluted earnings per share | -0.38 | -0.38 | -0.03 | 0.04 | -0.28 | -0.27 | -0.77 | -0.20 |
| Cash from operations | — | — | — | CN¥63.0m | −CN¥729.0m | −CN¥810.0m | −CN¥10.22bn | CN¥8.41bn |
| Capital spending | −CN¥27.0m | −CN¥22.0m | −CN¥12.0m | −CN¥63.0m | −CN¥729.0m | −CN¥47.0m | −CN¥214.0m | −CN¥152.0m |
| Free cash flow | — | — | — | CN¥0 | −CN¥1.46bn | −CN¥857.0m | −CN¥10.43bn | CN¥8.25bn |
| Total assets | CN¥40.57bn | CN¥41.22bn | CN¥42.70bn | CN¥42.58bn | CN¥42.43bn | CN¥43.17bn | CN¥44.20bn | CN¥46.92bn |
| Cash and short-term investments | — | — | CN¥4.72bn | CN¥4.72bn | CN¥4.66bn | CN¥4.32bn | CN¥5.01bn | CN¥5.24bn |
| Debt | — | — | — | CN¥443.9m | CN¥183.2m | CN¥49.8m | CN¥49.8m | — |
| Shareholders' equity | CN¥37.37bn | CN¥38.17bn | CN¥39.09bn | CN¥39.09bn | CN¥39.01bn | CN¥39.60bn | CN¥40.16bn | CN¥41.91bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -25.8% | -21.6% | 40.2% | 74.8% | 65.7% | 33.3% | — | — |
| Operating margin | -26.5% | -41.6% | 42.3% | 72.8% | 62.3% | 26.3% | — | — |
| Net margin | -23.3% | -36.7% | 35.3% | 61.8% | 52.8% | 22.4% | — | — |
| Return on equity | -2.9% | -6.8% | 13.1% | 42.0% | 34.8% | 22.4% | — | — |
| Return on assets | -2.6% | -6.1% | 11.4% | 36.6% | 25.5% | 11.6% | — | — |
| Free cash flow yield | -4.2% | -14.4% | 41.0% | 69.3% | 14.5% | 3.2% | — | — |
| Revenue growth | -34.7% | -54.6% | -47.2% | 185.6% | 132.2% | 92.3% | — | — |
| Earnings growth | -58.5% | -147.2% | -69.9% | 234.1% | 448.6% | 322.3% | — | — |
| Current ratio | 4.73x | 4.41x | 3.98x | 6.08x | 2.41x | 0.74x | — | — |
| Debt to equity | — | 0.00x | — | 0.00x | 0.01x | 0.41x | 0.80x | 0.09x |
| Equity ratio | 91.5% | 90.9% | 86.6% | 87.1% | 73.3% | 51.8% | — | — |
| Interest coverage | -37.85x | -67.14x | 73.73x | 178.67x | 36.64x | 6.40x | — | — |
| R&D as a share of sales | 0.4% | 0.4% | 0.4% | 0.2% | 0.4% | 1.0% | — | — |
| Buybacks as a share of market value | 0.6% | 1.0% | 1.2% | -10.3% | -16.9% | -154.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -46.1% | 0.7% | 18.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -23.2% | 45.1% | 47.4% | 45.9% |
| Operating margin | -35.6% | 42.1% | 44.0% | 41.8% |
| Net margin | -31.4% | 35.3% | 37.1% | 35.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -49.5 | -18.6 | 10.9 | 5.3 | 21.0 |
| Price to sales | 11.6 | 6.8 | 3.8 | 3.3 | 11.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jun 2024.
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.418 | 3.60 | 0.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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