I 
0.91
-5.07%
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.
Revenue
CN¥27.29bn
FY2016FY2025
Net income
−CN¥206.3m
FY2016FY2025
Free cash flow
CN¥9.7m
FY2016FY2025
Shareholders' equity
CN¥13.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥27.29bn | CN¥29.23bn | CN¥31.87bn | CN¥29.00bn | CN¥30.55bn | CN¥29.71bn | CN¥28.99bn | CN¥24.99bn | CN¥17.38bn | CN¥11.24bn |
| Gross profit | CN¥5.75bn | CN¥7.27bn | CN¥8.77bn | CN¥6.68bn | CN¥3.04bn | CN¥1.82bn | −CN¥1.35bn | −CN¥2.14bn | −CN¥8.2m | −CN¥199.2m |
| Research and development | CN¥1.66bn | CN¥1.78bn | CN¥1.77bn | CN¥1.90bn | CN¥2.79bn | CN¥2.68bn | CN¥2.67bn | CN¥1.99bn | CN¥1.27bn | CN¥824.5m |
| Operating income | CN¥229.3m | CN¥1.91bn | CN¥2.99bn | CN¥1.31bn | −CN¥4.78bn | −CN¥6.08bn | −CN¥9.26bn | −CN¥8.31bn | −CN¥3.95bn | −CN¥2.97bn |
| Net income | −CN¥206.3m | CN¥764.1m | CN¥1.93bn | −CN¥136.2m | −CN¥6.19bn | −CN¥7.01bn | −CN¥10.28bn | −CN¥9.11bn | −CN¥3.74bn | −CN¥3.07bn |
| Diluted earnings per share | -0.21 | 5.56 | 1.97 | -1.09 | -54.21 | -65.62 | -14.08 | -12.58 | -5.14 | -4.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥46.68bn | CN¥45.76bn | CN¥44.59bn | CN¥46.05bn | CN¥42.47bn | CN¥48.19bn | CN¥44.79bn | CN¥44.76bn | CN¥20.20bn | CN¥13.63bn |
| Cash and short-term investments | CN¥4.67bn | CN¥4.47bn | CN¥5.38bn | CN¥7.92bn | CN¥4.35bn | CN¥14.27bn | CN¥10.51bn | CN¥10.65bn | CN¥1.51bn | CN¥1.87bn |
| Total liabilities | CN¥33.37bn | CN¥32.39bn | CN¥32.41bn | CN¥39.70bn | CN¥36.80bn | CN¥38.85bn | CN¥35.18bn | CN¥26.60bn | CN¥11.92bn | CN¥28.94bn |
| Debt | CN¥15.25bn | CN¥14.19bn | CN¥15.29bn | CN¥22.53bn | CN¥17.57bn | CN¥22.18bn | CN¥17.06bn | CN¥8.49bn | CN¥593.4m | CN¥100.0m |
| Shareholders' equity | CN¥13.32bn | CN¥13.37bn | CN¥12.09bn | CN¥6.25bn | CN¥5.19bn | CN¥9.26bn | CN¥9.57bn | CN¥18.04bn | CN¥8.28bn | −CN¥15.30bn |
| Shares outstanding | 965m | 138m | 976m | 124m | 114m | 107m | 730m | 724m | 726m | 726m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥102.9m | CN¥2.11bn | CN¥3.35bn | −CN¥5.95bn | −CN¥5.95bn | −CN¥5.41bn | CN¥3.91bn | CN¥2.88bn | CN¥4.01bn | CN¥2.61bn |
| Capital spending | −CN¥93.2m | −CN¥173.0m | −CN¥104.9m | −CN¥269.8m | −CN¥400.7m | −CN¥385.7m | −CN¥12.83bn | −CN¥14.04bn | −CN¥10.22bn | −CN¥5.73bn |
| Free cash flow | CN¥9.7m | CN¥1.94bn | CN¥3.25bn | −CN¥6.22bn | −CN¥6.35bn | −CN¥5.80bn | −CN¥8.92bn | −CN¥11.16bn | −CN¥6.21bn | −CN¥3.12bn |
| Dividends paid | — | — | — | −CN¥64.2m | −CN¥27.8m | −CN¥62.4m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.27bn | CN¥6.23bn | CN¥6.79bn | CN¥6.68bn | CN¥6.63bn | CN¥7.19bn | CN¥6.61bn | CN¥7.25bn |
| Gross profit | CN¥1.04bn | CN¥992.3m | CN¥1.42bn | CN¥1.22bn | CN¥1.34bn | CN¥1.78bn | CN¥1.62bn | CN¥1.60bn |
| Operating income | −CN¥104.5m | −CN¥227.1m | CN¥55.4m | −CN¥69.6m | −CN¥46.2m | CN¥341.9m | CN¥285.4m | CN¥238.9m |
| Net income | −CN¥286.7m | −CN¥294.6m | −CN¥5.8m | −CN¥248.9m | −CN¥133.7m | CN¥182.1m | −CN¥189.4m | CN¥229.4m |
| Diluted earnings per share | -0.30 | -0.31 | -0.01 | -0.26 | -0.14 | 0.19 | -1.38 | 1.67 |
| Cash from operations | CN¥339.0m | CN¥186.0m | CN¥45.0m | −CN¥267.0m | −CN¥12.0m | CN¥338.0m | CN¥519.0m | CN¥242.0m |
| Capital spending | −CN¥20.0m | −CN¥76.0m | −CN¥45.0m | −CN¥22.0m | −CN¥21.0m | −CN¥22.0m | −CN¥45.0m | — |
| Free cash flow | CN¥319.0m | CN¥110.0m | CN¥0 | −CN¥289.0m | −CN¥33.0m | CN¥316.0m | CN¥474.0m | — |
| Total assets | CN¥45.44bn | CN¥46.17bn | CN¥46.68bn | CN¥45.79bn | CN¥46.36bn | CN¥47.12bn | CN¥45.76bn | CN¥44.83bn |
| Cash and short-term investments | CN¥4.13bn | CN¥3.61bn | CN¥4.67bn | CN¥4.07bn | CN¥4.25bn | CN¥5.27bn | CN¥4.47bn | CN¥4.18bn |
| Debt | CN¥13.80bn | CN¥13.89bn | CN¥14.91bn | CN¥14.39bn | CN¥14.08bn | CN¥14.59bn | CN¥13.73bn | CN¥13.18bn |
| Shareholders' equity | CN¥12.66bn | CN¥13.07bn | CN¥13.32bn | CN¥13.34bn | CN¥13.52bn | CN¥13.64bn | CN¥13.37bn | CN¥13.21bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.0% | -1.7% | 17.8% |
| Operating income | -44.1% | — | — |
| Net income | 14.8% | -50.6% | -22.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.0% | 24.3% | 18.8% | 10.9% |
| Operating margin | 3.8% | 5.5% | -2.5% | -11.8% |
| Net margin | 1.0% | 2.0% | -6.1% | -14.9% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -62.9 |
| Price to sales | 0.5 |
Market value over time
29 Mar 2018 to 2 Oct 2026, in CNY
CN¥777.5mCN¥951.7m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | -9% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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