V 
3.28
+3.80%
Close of 9 Nov 2026, in USD
Search any instrument
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¥9.68bn
FY2016FY2025
Net income
−CN¥249.8m
FY2016FY2025
Free cash flow
−CN¥5.95bn
FY2016FY2025
Shareholders' equity
CN¥6.22bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.68bn | CN¥8.26bn | CN¥7.41bn | CN¥7.19bn | CN¥6.19bn | CN¥4.83bn | CN¥3.79bn | CN¥3.40bn | CN¥3.39bn | CN¥3.64bn |
| Gross profit | CN¥2.13bn | CN¥1.83bn | CN¥1.29bn | CN¥1.31bn | CN¥1.44bn | CN¥1.08bn | CN¥939.4m | CN¥944.9m | CN¥758.4m | CN¥712.1m |
| Research and development | CN¥254.0m | CN¥246.6m | CN¥322.2m | CN¥306.8m | CN¥188.5m | CN¥112.9m | CN¥88.8m | CN¥92.1m | CN¥149.1m | CN¥149.3m |
| Operating income | CN¥732.0m | CN¥669.4m | −CN¥2.17bn | CN¥62.2m | CN¥1.00bn | CN¥116.6m | CN¥182.2m | CN¥237.5m | −CN¥1.37bn | −CN¥780.1m |
| Net income | −CN¥249.8m | CN¥183.2m | −CN¥2.64bn | −CN¥789.6m | CN¥500.1m | −CN¥2.71bn | −CN¥182.3m | −CN¥205.1m | −CN¥772.7m | −CN¥633.6m |
| Diluted earnings per share | -0.85 | 4.10 | -60.69 | -5.33 | 3.33 | -20.25 | -1.63 | -1.82 | -6.86 | -5.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥44.59bn | CN¥32.36bn | CN¥30.39bn | CN¥26.95bn | CN¥23.10bn | CN¥19.33bn | CN¥14.12bn | CN¥11.17bn | CN¥10.02bn | CN¥12.42bn |
| Cash and short-term investments | CN¥5.90bn | CN¥1.49bn | CN¥2.60bn | CN¥2.66bn | CN¥1.37bn | CN¥3.26bn | CN¥2.62bn | CN¥2.87bn | CN¥2.77bn | CN¥3.54bn |
| Total liabilities | CN¥36.03bn | CN¥25.44bn | CN¥23.87bn | CN¥19.97bn | CN¥15.49bn | CN¥12.44bn | CN¥8.94bn | CN¥5.78bn | CN¥4.74bn | CN¥5.54bn |
| Debt | CN¥28.17bn | CN¥17.51bn | CN¥17.17bn | CN¥14.76bn | CN¥11.12bn | CN¥8.23bn | CN¥5.40bn | CN¥3.27bn | CN¥3.14bn | CN¥3.19bn |
| Shareholders' equity | CN¥6.22bn | CN¥6.37bn | CN¥6.01bn | CN¥6.61bn | CN¥7.24bn | CN¥6.55bn | CN¥4.90bn | CN¥5.10bn | CN¥5.11bn | CN¥6.13bn |
| Shares outstanding | 294m | 45m | 44m | 148m | 150m | 134m | 112m | 113m | 113m | 114m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.92bn | CN¥2.01bn | CN¥2.06bn | CN¥2.44bn | CN¥1.39bn | CN¥714.2m | CN¥707.4m | CN¥705.0m | CN¥402.3m | CN¥83.6m |
| Capital spending | −CN¥7.87bn | −CN¥5.13bn | −CN¥3.06bn | −CN¥3.10bn | −CN¥2.73bn | −CN¥2.50bn | −CN¥1.28bn | −CN¥453.1m | −CN¥415.0m | −CN¥612.5m |
| Free cash flow | −CN¥5.95bn | −CN¥3.12bn | −CN¥997.1m | −CN¥660.4m | −CN¥1.35bn | −CN¥1.79bn | −CN¥568.0m | CN¥251.9m | −CN¥12.6m | −CN¥528.9m |
| Dividends paid | — | — | — | — | — | −CN¥3.10bn | −CN¥2.27bn | — | −CN¥1.8m | −CN¥1.94bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.77bn | CN¥2.69bn | CN¥2.65bn | CN¥2.57bn | CN¥2.43bn | CN¥2.25bn | CN¥2.25bn | CN¥2.07bn |
| Gross profit | CN¥503.8m | CN¥615.9m | CN¥532.9m | CN¥536.2m | CN¥547.7m | CN¥565.3m | CN¥504.9m | CN¥480.9m |
| Operating income | CN¥188.8m | CN¥259.7m | CN¥320.9m | CN¥192.0m | CN¥173.0m | CN¥248.5m | CN¥237.0m | CN¥265.5m |
| Net income | −CN¥144.3m | −CN¥2.23bn | CN¥295.7m | −CN¥307.1m | −CN¥12.0m | −CN¥237.6m | −CN¥11.1m | CN¥310.7m |
| Diluted earnings per share | -0.51 | -7.86 | 1.01 | -1.05 | -0.04 | -0.81 | -0.25 | 6.95 |
| Cash from operations | CN¥217.0m | CN¥173.0m | CN¥546.0m | CN¥809.0m | CN¥366.0m | CN¥195.0m | CN¥572.0m | CN¥760.0m |
| Capital spending | −CN¥1.51bn | −CN¥1.79bn | −CN¥1.81bn | −CN¥2.22bn | −CN¥1.87bn | −CN¥1.83bn | −CN¥1.49bn | −CN¥1.43bn |
| Free cash flow | −CN¥1.30bn | −CN¥1.62bn | −CN¥1.26bn | −CN¥1.41bn | −CN¥1.50bn | −CN¥1.63bn | −CN¥920.0m | −CN¥666.0m |
| Total assets | CN¥49.53bn | CN¥49.12bn | CN¥44.59bn | CN¥43.35bn | CN¥39.71bn | CN¥38.83bn | CN¥32.36bn | CN¥29.93bn |
| Cash and short-term investments | CN¥7.20bn | CN¥8.49bn | CN¥5.90bn | CN¥4.75bn | CN¥4.16bn | CN¥3.97bn | CN¥1.49bn | CN¥1.54bn |
| Debt | CN¥25.08bn | CN¥24.27bn | CN¥22.52bn | CN¥20.78bn | CN¥18.57bn | CN¥17.95bn | CN¥12.19bn | CN¥11.73bn |
| Shareholders' equity | CN¥4.08bn | CN¥4.23bn | CN¥6.22bn | CN¥5.75bn | CN¥6.17bn | CN¥6.18bn | CN¥6.37bn | CN¥6.34bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.0% | 22.2% | 17.4% | 18.2% | 23.2% | 22.3% |
| Operating margin | 7.6% | 8.1% | -29.3% | 0.9% | 16.2% | 2.4% |
| Net margin | -2.6% | 2.2% | -35.7% | -11.0% | 8.1% | -56.1% |
| Return on equity | -4.0% | 2.9% | -44.0% | -11.9% | 6.9% | -41.4% |
| Return on assets | -0.6% | 0.6% | -8.7% | -2.9% | 2.2% | -14.0% |
| Free cash flow yield | 481.4% | 2307.6% | 1699.8% | 540.8% | 396.3% | 347.4% |
| Revenue growth | 17.2% | 11.4% | 3.1% | 16.1% | 28.2% | 27.4% |
| Earnings growth | -236.3% | -106.9% | 234.8% | -257.9% | -118.5% | 1386.3% |
| Current ratio | 0.92x | 0.73x | 0.86x | 1.11x | 1.03x | 0.99x |
| Debt to equity | 3.62x | 1.92x | 2.12x | 1.64x | 1.07x | 1.05x |
| Equity ratio | 13.9% | 19.7% | 19.8% | 24.5% | 31.4% | 33.9% |
| Interest coverage | 1.26x | 1.67x | -6.96x | 0.23x | 2.99x | 0.31x |
| R&D as a share of sales | 2.6% | 3.0% | 4.3% | 4.3% | 3.0% | 2.3% |
| Buybacks as a share of market value | -557.6% | -2.6% | 70.6% | 1.5% | -12.3% | -19.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.4% | 14.9% | 10.3% |
| Operating income | 127.4% | 44.4% | — |
| Net income | -31.9% | -37.9% | -5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.1% | 20.2% | 20.8% | 21.6% |
| Operating margin | 7.8% | -2.2% | 0.9% | -2.6% |
| Net margin | -0.4% | -10.8% | -13.1% | -12.9% |
Market value over time
31 Oct 2016 to 24 Sept 2026, in CNY
CN¥831.1mCN¥1.96bn
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.