H 
38.41
-0.21%
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¥4.19bn
FY2016FY2025
Net income
−CN¥876.0m
FY2016FY2025
Free cash flow
CN¥252.6m
FY2016FY2025
Shareholders' equity
CN¥2.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.19bn | CN¥4.52bn | CN¥4.80bn | CN¥4.11bn | CN¥1.98bn | CN¥1.32bn | CN¥1.03bn | CN¥800.7m | CN¥2.55bn | CN¥298.0m |
| Research and development | CN¥604.9m | CN¥475.6m | CN¥540.1m | CN¥412.4m | CN¥157.9m | CN¥107.0m | CN¥88.3m | CN¥82.5m | CN¥194.0m | CN¥28.8m |
| Operating income | −CN¥880.4m | −CN¥169.4m | CN¥292.5m | CN¥398.1m | CN¥113.3m | CN¥83.2m | CN¥177.0m | CN¥96.8m | CN¥66.3m | CN¥5.8m |
| Net income | −CN¥876.0m | −CN¥163.1m | CN¥321.7m | CN¥380.4m | CN¥109.2m | CN¥77.4m | CN¥145.5m | CN¥83.3m | CN¥67.0m | CN¥8.9m |
| Diluted earnings per share | -3.59 | -0.68 | 1.61 | 1.86 | 0.54 | 2.38 | 0.94 | 0.34 | 0.27 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.01bn | CN¥11.50bn | CN¥10.88bn | CN¥8.87bn | CN¥5.59bn | CN¥3.61bn | CN¥2.16bn | CN¥1.56bn | CN¥925.8m | CN¥327.0m |
| Cash and short-term investments | CN¥3.09bn | CN¥1.87bn | CN¥1.14bn | CN¥1.74bn | CN¥1.08bn | CN¥1.00bn | CN¥244.7m | CN¥177.9m | CN¥189.4m | CN¥40.3m |
| Total liabilities | −CN¥2.42bn | CN¥8.28bn | CN¥8.54bn | CN¥6.83bn | CN¥4.05bn | CN¥2.23bn | CN¥1.51bn | CN¥1.05bn | CN¥502.0m | CN¥201.7m |
| Debt | CN¥1.40bn | CN¥3.78bn | CN¥2.62bn | CN¥1.41bn | CN¥738.8m | CN¥755.4m | CN¥604.2m | CN¥375.6m | CN¥129.0m | CN¥62.3m |
| Shareholders' equity | CN¥2.42bn | CN¥3.23bn | CN¥2.35bn | CN¥2.04bn | CN¥1.54bn | CN¥1.38bn | CN¥654.4m | CN¥507.2m | CN¥423.9m | CN¥125.3m |
| Shares outstanding | 244m | 238m | 200m | 204m | 204m | 33m | 154m | 244m | 244m | 244m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥791.0m | −CN¥712.0m | −CN¥993.1m | CN¥488.5m | CN¥486.9m | CN¥196.3m | CN¥141.4m | −CN¥6.0m | −CN¥140.0m | −CN¥95.0m |
| Capital spending | −CN¥538.4m | −CN¥410.5m | −CN¥508.1m | −CN¥314.1m | −CN¥337.1m | −CN¥283.0m | −CN¥258.8m | −CN¥285.0m | −CN¥49.5m | −CN¥11.0m |
| Free cash flow | CN¥252.6m | −CN¥1.12bn | −CN¥1.50bn | CN¥174.4m | CN¥149.9m | −CN¥86.7m | −CN¥117.5m | −CN¥291.0m | −CN¥189.5m | −CN¥106.1m |
| Dividends paid | −CN¥77.0m | −CN¥85.5m | −CN¥94.7m | −CN¥30.7m | −CN¥9.7m | −CN¥17.2m | −CN¥27.9m | −CN¥12.0m | −CN¥4.6m | −CN¥1.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.76bn | CN¥1.32bn | CN¥1.48bn | CN¥1.04bn | CN¥1.13bn | CN¥538.9m | CN¥897.3m | CN¥1.23bn |
| Operating income | CN¥117.9m | CN¥86.0m | CN¥49.6m | −CN¥194.6m | −CN¥498.2m | −CN¥186.2m | −CN¥352.4m | CN¥7.3m |
| Net income | CN¥26.7m | CN¥25.2m | CN¥36.5m | −CN¥204.1m | −CN¥519.6m | −CN¥188.8m | −CN¥330.5m | CN¥15.3m |
| Diluted earnings per share | 0.11 | 0.10 | 0.15 | -0.84 | -2.13 | -0.77 | -1.39 | 0.06 |
| Cash from operations | — | — | — | CN¥140.0m | CN¥163.0m | CN¥84.0m | — | −CN¥160.0m |
| Capital spending | −CN¥146.0m | −CN¥93.0m | −CN¥198.0m | −CN¥110.0m | −CN¥136.0m | −CN¥92.0m | −CN¥98.0m | −CN¥56.0m |
| Free cash flow | — | — | — | CN¥30.0m | CN¥27.0m | −CN¥8.0m | — | −CN¥216.0m |
| Total assets | CN¥17.05bn | CN¥15.07bn | CN¥14.01bn | CN¥13.74bn | CN¥12.51bn | CN¥11.97bn | CN¥11.50bn | CN¥11.77bn |
| Cash and short-term investments | — | — | CN¥3.09bn | CN¥2.76bn | CN¥1.76bn | CN¥1.63bn | CN¥1.87bn | CN¥1.59bn |
| Debt | CN¥892.1m | CN¥1.25bn | CN¥1.40bn | CN¥3.51bn | CN¥3.37bn | CN¥3.45bn | CN¥3.76bn | CN¥3.41bn |
| Shareholders' equity | CN¥2.48bn | CN¥2.42bn | CN¥2.42bn | CN¥2.36bn | CN¥2.54bn | CN¥3.04bn | CN¥3.23bn | CN¥3.56bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -21.0% | -3.7% | 6.1% | 9.7% | 5.7% | 6.3% |
| Net margin | -20.9% | -3.6% | 6.7% | 9.3% | 5.5% | 5.9% |
| Return on equity | -36.1% | -5.1% | 13.7% | 18.6% | 7.1% | 5.6% |
| Return on assets | -6.3% | -1.4% | 3.0% | 4.3% | 2.0% | 2.1% |
| Free cash flow yield | 11.2% | -2.6% | -5.0% | 8.1% | 8.3% | 30.2% |
| Revenue growth | -7.4% | -5.8% | 17.0% | 106.9% | 50.3% | 28.1% |
| Earnings growth | 437.2% | -150.7% | -15.4% | 248.4% | 41.1% | -46.9% |
| Current ratio | 1.08x | 1.19x | 1.07x | 1.10x | 1.17x | 1.53x |
| Debt to equity | 0.58x | 1.17x | 1.03x | 0.66x | 0.46x | 0.55x |
| Equity ratio | 17.3% | 28.1% | 21.5% | 23.0% | 27.5% | 38.2% |
| Interest coverage | -11.61x | -2.43x | 25.54x | 9.11x | 8.63x | 4.59x |
| R&D as a share of sales | 14.4% | 10.5% | 11.2% | 10.0% | 8.0% | 8.1% |
| Buybacks as a share of market value | -2.5% | -19.1% | 2.1% | -0.2% | -526.4% | 78.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 26.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -13.4 | -50.2 | 22.2 | 31.1 | 111.5 | 13.9 |
| Price to sales | 2.8 | 1.8 | 1.5 | 2.9 | 6.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 0.10 | 0.202 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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