10.79
-1.64%
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¥65.50bn
FY2016FY2025
Net income
−CN¥4.45bn
FY2016FY2025
Free cash flow
−CN¥2.22bn
FY2016FY2025
Shareholders' equity
CN¥15.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥65.50bn | CN¥92.26bn | CN¥118.68bn | CN¥83.13bn | CN¥40.83bn | CN¥35.13bn | CN¥29.75bn | CN¥25.04bn | CN¥26.47bn | CN¥21.40bn |
| Gross profit | CN¥1.41bn | CN¥10.06bn | CN¥19.05bn | CN¥12.28bn | CN¥6.66bn | CN¥6.17bn | CN¥5.43bn | CN¥3.51bn | CN¥2.99bn | CN¥3.87bn |
| Research and development | CN¥896.9m | CN¥920.5m | CN¥911.9m | CN¥724.8m | CN¥461.6m | CN¥389.2m | CN¥324.4m | CN¥366.6m | CN¥294.1m | CN¥181.1m |
| Operating income | −CN¥8.48bn | CN¥1.40bn | CN¥6.71bn | CN¥429.2m | CN¥1.73bn | CN¥972.9m | CN¥1.73bn | CN¥644.9m | CN¥325.3m | CN¥1.35bn |
| Net income | −CN¥4.45bn | CN¥54.5m | CN¥3.45bn | CN¥620.5m | CN¥721.0m | CN¥230.4m | CN¥898.7m | CN¥406.5m | CN¥141.7m | CN¥1.83bn |
| Diluted earnings per share | -339.60 | 4.25 | 256.24 | 11.32 | 14.01 | 5.08 | 80.99 | 10.37 | 4.21 | 55.94 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥121.10bn | CN¥124.88bn | CN¥135.83bn | CN¥108.66bn | CN¥72.98bn | CN¥53.23bn | CN¥47.84bn | CN¥35.85bn | CN¥28.64bn | CN¥26.09bn |
| Cash and short-term investments | CN¥30.45bn | CN¥25.98bn | CN¥17.08bn | CN¥10.35bn | CN¥8.47bn | CN¥8.05bn | CN¥5.65bn | CN¥3.10bn | CN¥1.93bn | CN¥2.57bn |
| Total liabilities | CN¥93.51bn | CN¥90.64bn | CN¥102.30bn | CN¥81.66bn | CN¥58.70bn | CN¥40.24bn | CN¥35.40bn | CN¥27.40bn | CN¥21.95bn | CN¥19.63bn |
| Debt | CN¥53.16bn | CN¥47.85bn | CN¥56.79bn | CN¥48.04bn | CN¥37.47bn | CN¥27.62bn | CN¥20.01bn | CN¥15.78bn | CN¥13.10bn | CN¥11.24bn |
| Shareholders' equity | CN¥15.74bn | CN¥19.90bn | CN¥20.16bn | CN¥27.00bn | CN¥14.29bn | CN¥9.99bn | CN¥9.30bn | CN¥8.45bn | CN¥6.69bn | CN¥6.46bn |
| Shares outstanding | 13m | 13m | 13m | 55m | 51m | 45m | 11m | 39m | 34m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.08bn | CN¥16.85bn | CN¥13.83bn | −CN¥5.80bn | CN¥430.6m | CN¥591.5m | CN¥1.41bn | CN¥614.5m | −CN¥177.1m | −CN¥1.80bn |
| Capital spending | −CN¥3.30bn | −CN¥9.37bn | −CN¥15.85bn | −CN¥12.25bn | −CN¥8.65bn | −CN¥4.13bn | −CN¥3.67bn | −CN¥2.45bn | −CN¥2.56bn | −CN¥4.09bn |
| Free cash flow | −CN¥2.22bn | CN¥7.48bn | −CN¥2.02bn | −CN¥18.05bn | −CN¥8.22bn | −CN¥3.54bn | −CN¥2.26bn | −CN¥1.84bn | −CN¥2.74bn | −CN¥5.90bn |
| Dividends paid | −CN¥486.8m | −CN¥547.7m | −CN¥559.6m | — | −CN¥23.21bn | −CN¥15.60bn | — | — | — | — |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.2% | 10.9% | 16.0% | 14.8% | 16.3% | 17.6% |
| Operating margin | -11.9% | 1.5% | 7.3% | 3.7% | 4.7% | 3.5% |
| Net margin | -6.8% | 0.1% | 2.9% | 0.7% | 1.8% | 0.7% |
| Return on equity | -28.2% | 0.3% | 17.1% | 2.3% | 5.0% | 2.3% |
| Return on assets | -3.7% | 0.0% | 2.5% | 0.6% | 1.0% | 0.4% |
| Free cash flow yield | 3761.7% | 22938.4% | 24783.8% | 1322.4% | 1983.6% | 1170.9% |
| Revenue growth | -29.0% | -22.3% | 42.8% | 103.6% | 16.2% | 18.1% |
| Earnings growth | -8250.2% | -98.4% | 455.6% | -13.9% | 213.0% | -74.4% |
| Current ratio | 1.25x | 1.26x | 1.02x | 1.05x | 1.00x | 1.08x |
| Debt to equity | 3.03x | 2.25x | 2.79x | 1.78x | 2.61x | 2.71x |
| Equity ratio | 13.0% | 15.9% | 14.8% | 24.9% | 19.6% | 18.8% |
| Interest coverage | -5.75x | 1.21x | 7.40x | 2.78x | 2.33x | 1.94x |
| R&D as a share of sales | 1.4% | 1.0% | 0.8% | 0.9% | 1.1% | 1.1% |
| Buybacks as a share of market value | -1.9% | 4.5% | 75.5% | -6.5% | -13.5% | -308.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.6% | 13.3% | 15.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.3% | 11.9% | 12.8% | 13.4% |
| Operating margin | -4.5% | 0.0% | 0.6% | 1.4% |
| Net margin | -2.8% | -0.1% | 0.1% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -0.5 |
| Price to sales | 0.0 |
Market value over time
30 Nov 2016 to 7 Oct 2026, in CNY
CN¥461.7mCN¥117.6m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 1% |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 22 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 10.162 | 1.30 | 1.50 | 1.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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