H 
2.28
+4.11%
Close of 9 Nov 2026, in USD
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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.
Net income
−CN¥112.6m
FY2016FY2025
Free cash flow
−CN¥365.0m
FY2016FY2025
Shareholders' equity
CN¥4.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥872.1m | CN¥809.5m | CN¥815.2m | CN¥653.6m | CN¥1.60bn | CN¥2.27bn | CN¥213.2m | CN¥729.8m | CN¥255.0m | −CN¥297.7m |
| Research and development | CN¥496.7m | CN¥512.6m | CN¥578.6m | CN¥684.4m | CN¥818.9m | CN¥734.3m | CN¥73.2m | CN¥265.2m | CN¥170.2m | CN¥188.3m |
| Operating income | −CN¥162.5m | −CN¥189.6m | −CN¥443.6m | −CN¥736.2m | −CN¥30.2m | CN¥725.0m | CN¥26.2m | CN¥2.28bn | −CN¥94.9m | −CN¥626.1m |
| Net income | −CN¥112.6m | −CN¥48.0m | −CN¥204.5m | −CN¥547.7m | CN¥583.5m | CN¥884.2m | CN¥67.4m | −CN¥2.05bn | −CN¥81.0m | −CN¥625.6m |
| Diluted earnings per share | -0.49 | -0.21 | -0.87 | -2.26 | 2.44 | 3.67 | 0.29 | -9.31 | -0.73 | -6.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.71bn | CN¥9.57bn | CN¥12.92bn | CN¥13.79bn | CN¥13.25bn | CN¥12.41bn | CN¥11.37bn | CN¥7.11bn | CN¥1.30bn | CN¥167.2m |
| Cash and short-term investments | CN¥3.83bn | CN¥5.26bn | CN¥7.36bn | CN¥9.72bn | CN¥10.96bn | CN¥10.47bn | CN¥10.08bn | CN¥5.99bn | CN¥1.04bn | CN¥101.2m |
| Total liabilities | CN¥1.78bn | CN¥2.02bn | CN¥2.30bn | CN¥2.38bn | CN¥2.74bn | CN¥2.63bn | CN¥2.68bn | CN¥1.46bn | CN¥730.7m | CN¥331.6m |
| Debt | CN¥20.8m | CN¥48.6m | CN¥79.9m | CN¥38.4m | CN¥81.6m | CN¥86.8m | CN¥102.0m | — | CN¥408.7m | CN¥249.5m |
| Shareholders' equity | CN¥4.92bn | CN¥7.55bn | CN¥10.62bn | CN¥11.41bn | CN¥10.51bn | CN¥9.78bn | CN¥8.68bn | CN¥5.65bn | CN¥569.9m | −CN¥164.4m |
| Shares outstanding | 229m | 231m | 236m | 243m | 239m | 241m | 236m | 220m | 111m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥176.2m | CN¥94.3m | −CN¥32.1m | −CN¥3.00bn | CN¥327.5m | CN¥1.24bn | CN¥1.95bn | CN¥717.5m | CN¥242.4m | −CN¥420.5m |
| Capital spending | −CN¥188.8m | −CN¥210.5m | −CN¥131.3m | −CN¥1.13bn | −CN¥98.1m | −CN¥428.2m | −CN¥71.4m | −CN¥127.4m | −CN¥43.4m | −CN¥1.1m |
| Free cash flow | −CN¥365.0m | −CN¥116.2m | −CN¥163.4m | −CN¥4.12bn | CN¥229.4m | CN¥811.7m | CN¥1.87bn | CN¥590.1m | CN¥199.1m | −CN¥421.6m |
| Dividends paid | −CN¥2.41bn | −CN¥2.86bn | — | — | — | — | — | — | — | — |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 13.4% | 13.3% | 11.7% | 7.1% | 14.1% | 20.8% | — | — |
| Operating margin | -1.5% | -0.6% | -2.7% | -5.6% | 5.6% | 6.6% | — | — |
| Net margin | -1.7% | -0.8% | -2.9% | -5.9% | 5.1% | 8.1% | — | — |
| Return on equity | -2.3% | -0.6% | -1.9% | -4.8% | 5.6% | 9.0% | — | — |
| Return on assets | -1.7% | -0.5% | -1.6% | -4.0% | 4.4% | 7.1% | — | — |
| Free cash flow yield | 2.4% | 58.5% | 18.6% | -340.6% | 78.7% | 306.3% | — | — |
| Revenue growth | 7.0% | -13.1% | -24.5% | -18.4% | 4.0% | 805.8% | — | — |
| Earnings growth | 134.8% | -76.6% | -62.7% | -193.9% | -34.0% | 1212.5% | — | — |
| Current ratio | 2.84x | 3.14x | 3.77x | 4.66x | 4.63x | 4.73x | — | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — | — |
| Equity ratio | 73.4% | 78.9% | 82.2% | 82.7% | 79.3% | 78.8% | — | — |
| Interest coverage | — | — | — | -2.11x | 0.76x | 1.54x | 0.21x | 0.01x |
| R&D as a share of sales | 7.6% | 8.4% | 8.3% | 7.4% | 7.2% | 6.7% | — | — |
| Buybacks as a share of market value | 0.8% | 2.4% | 2.6% | -1.4% | 0.7% | -2.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -9.8% | — |
| Operating income | -39.6% | — | — |
| Net income | -41.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.4% | 10.9% | 13.7% | — |
Market value over time
31 May 2018 to 9 Oct 2026, in CNY
CN¥2.54bnCN¥519.1m
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 17 Jun 2026.
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Paid in the year | 0.135 | 1.47 | 1.74 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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