N 
5.51
+2.42%
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¥665.4m
FY2016FY2025
Net income
CN¥83.3m
FY2016FY2025
Free cash flow
−CN¥3.65bn
FY2016FY2025
Shareholders' equity
CN¥479.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥665.4m | CN¥237.0m | CN¥297.9m | CN¥250.4m | CN¥174.8m | CN¥204.9m | CN¥311.2m | CN¥432.3m | CN¥435.8m | CN¥355.7m |
| Research and development | CN¥2.9m | CN¥7.7m | CN¥5.6m | CN¥4.6m | CN¥2.5m | CN¥1.7m | CN¥2.3m | CN¥16.1m | CN¥14.2m | CN¥11.9m |
| Operating income | CN¥114.7m | −CN¥162.3m | −CN¥163.5m | −CN¥92.5m | −CN¥178.6m | −CN¥9.5m | −CN¥304.6m | −CN¥96.9m | −CN¥17.0m | −CN¥76.9m |
| Net income | CN¥83.3m | −CN¥167.0m | −CN¥162.1m | −CN¥89.8m | −CN¥177.3m | CN¥10.8m | −CN¥315.2m | −CN¥98.2m | CN¥18.7m | −CN¥84.4m |
| Diluted earnings per share | 0.06 | -0.19 | -0.18 | -0.08 | -0.17 | 0.01 | -0.30 | -0.14 | 0.01 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥10.31bn | CN¥944.9m | CN¥1.11bn | CN¥1.24bn | CN¥1.36bn | CN¥1.58bn | CN¥1.52bn | CN¥1.83bn | CN¥1.88bn | CN¥1.20bn |
| Cash and short-term investments | — | CN¥52.1m | CN¥100.5m | CN¥128.0m | CN¥244.3m | CN¥375.5m | CN¥112.8m | CN¥80.7m | CN¥97.1m | CN¥8.0m |
| Total liabilities | CN¥9.22bn | CN¥570.8m | CN¥552.0m | CN¥516.1m | CN¥549.9m | CN¥584.3m | CN¥1.14bn | CN¥1.13bn | CN¥1.11bn | CN¥538.0m |
| Debt | CN¥3.67bn | CN¥300.4m | CN¥195.2m | CN¥223.4m | CN¥244.0m | CN¥287.0m | CN¥456.5m | CN¥389.0m | CN¥456.8m | CN¥161.5m |
| Shareholders' equity | CN¥479.9m | CN¥317.0m | CN¥502.8m | CN¥667.0m | CN¥753.8m | CN¥929.9m | CN¥315.4m | CN¥625.5m | CN¥696.5m | CN¥662.5m |
| Shares outstanding | 1,324m | 889m | 879m | 1,077m | 1,028m | 2,039m | 1,056m | 702m | 1,446m | 840m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥628.1m | −CN¥35.3m | −CN¥29.7m | −CN¥74.2m | −CN¥50.3m | −CN¥194.2m | CN¥10.7m | CN¥28.8m | −CN¥978,362 | −CN¥44.0m |
| Capital spending | −CN¥4.27bn | −CN¥37.5m | −CN¥13.0m | −CN¥17.4m | −CN¥15.9m | −CN¥284,127 | −CN¥1.6m | −CN¥37.9m | −CN¥92.9m | −CN¥114.4m |
| Free cash flow | −CN¥3.65bn | −CN¥72.7m | −CN¥42.7m | −CN¥91.6m | −CN¥66.2m | −CN¥194.5m | CN¥9.1m | −CN¥9.2m | −CN¥93.8m | −CN¥158.4m |
| Dividends paid | −CN¥145.6m | −CN¥19.8m | −CN¥7.9m | −CN¥8.2m | −CN¥8.2m | −CN¥8.2m | −CN¥7.1m | −CN¥17.7m | −CN¥11.6m | −CN¥4.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥214.3m | CN¥190.6m | CN¥161.4m | CN¥391.9m | CN¥74.6m | CN¥37.5m | CN¥46.5m | CN¥348.0m |
| Operating income | CN¥62.7m | CN¥46.8m | −CN¥2.5m | CN¥67.1m | CN¥90.8m | −CN¥24.5m | −CN¥105.6m | CN¥8.3m |
| Net income | CN¥26.9m | CN¥2.0m | −CN¥34.5m | CN¥51.5m | CN¥90.5m | −CN¥24.2m | −CN¥107.6m | CN¥2.4m |
| Diluted earnings per share | 0.02 | 0.00 | -0.03 | 0.04 | 0.07 | -0.02 | -0.12 | 0.00 |
| Cash from operations | — | — | — | CN¥355.0m | −CN¥1.0m | CN¥10.0m | — | CN¥6.0m |
| Capital spending | −CN¥299.0m | −CN¥312.0m | −CN¥487.0m | −CN¥3.77bn | −CN¥5.0m | −CN¥5.0m | −CN¥3.0m | −CN¥24.0m |
| Free cash flow | — | — | — | −CN¥3.42bn | −CN¥6.0m | CN¥5.0m | — | −CN¥18.0m |
| Total assets | CN¥10.18bn | CN¥10.36bn | CN¥10.31bn | CN¥9.54bn | CN¥1.05bn | CN¥1.08bn | CN¥944.9m | CN¥1.04bn |
| Cash and short-term investments | — | — | — | CN¥493.5m | CN¥145.3m | CN¥124.9m | CN¥52.1m | CN¥48.2m |
| Debt | CN¥6.21bn | CN¥5.56bn | CN¥3.67bn | CN¥3.06bn | CN¥194.4m | CN¥150.0m | CN¥2.50bn | CN¥290.0m |
| Shareholders' equity | CN¥512.5m | CN¥484.0m | CN¥479.9m | CN¥508.9m | CN¥382.8m | CN¥292.7m | CN¥317.0m | CN¥424.9m |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 30.6% | -66.0% | -51.5% | -33.1% | -98.5% | 17.3% |
| Net margin | 12.5% | -70.5% | -54.4% | -35.9% | -101.5% | 5.3% |
| Return on equity | 17.4% | -52.7% | -32.2% | -13.5% | -23.5% | 1.2% |
| Return on assets | 0.8% | -17.7% | -14.6% | -7.2% | -13.0% | 0.7% |
| Free cash flow yield | 65.7% | 0.0% | -0.3% | -0.9% | -0.6% | -1.7% |
| Revenue growth | 180.8% | -20.5% | 19.0% | 43.3% | -14.7% | -34.2% |
| Earnings growth | -149.9% | 3.0% | 80.5% | -49.3% | -1741.1% | -103.4% |
| Current ratio | 0.55x | 1.04x | 1.51x | 2.19x | 2.42x | 3.52x |
| Debt to equity | 7.66x | 7.89x | 0.39x | 0.28x | 0.29x | 0.31x |
| Equity ratio | 4.7% | 33.5% | 45.2% | 53.6% | 55.3% | 58.7% |
| Interest coverage | 1.52x | -17.01x | -26.79x | -17.27x | -29.08x | 1.89x |
| R&D as a share of sales | 0.4% | 3.2% | 1.9% | 1.9% | 1.4% | 0.8% |
| Buybacks as a share of market value | -48.9% | -1.1% | 18.4% | -4.8% | 49.6% | -93.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.5% | 26.6% | 9.8% |
| Net income | — | 50.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.3% | -20.9% | -26.9% | -30.7% |
| Net margin | -9.3% | -23.1% | -27.4% | -30.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 88.8 | -34.1 | -28.1 | -80.5 | -18.5 | 373.6 | -10.7 | -18.1 | 402.0 | -105.0 |
| Price to sales | 11.1 | 24.0 | 15.3 | 28.9 | 18.8 | 19.7 | 10.8 | 4.1 | 17.3 | 24.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 30 Nov 2020
- 2-for-1 split · 20 Dec 2016
- 1-to-1 reverse split · 21 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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