T 
11.01
-0.81%
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¥574.7m
FY2016FY2025
Net income
−CN¥88.1m
FY2016FY2025
Free cash flow
−CN¥402.8m
FY2016FY2025
Shareholders' equity
CN¥74.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥574.7m | CN¥493.4m | CN¥343.9m | CN¥415.1m | CN¥491.6m | CN¥535.2m | CN¥579.4m | CN¥1.05bn | CN¥1.01bn | CN¥604.6m |
| Research and development | CN¥9.4m | CN¥4.4m | CN¥11.1m | CN¥17.4m | CN¥21.5m | CN¥14.2m | CN¥19.3m | CN¥15.9m | CN¥9.0m | CN¥9.0m |
| Operating income | −CN¥40.0m | −CN¥31.7m | −CN¥33.3m | −CN¥152.2m | −CN¥99.0m | −CN¥10.7m | CN¥47.9m | CN¥69.3m | CN¥42.4m | CN¥26.5m |
| Net income | −CN¥88.1m | −CN¥28.1m | −CN¥18.1m | −CN¥102.4m | −CN¥57.0m | −CN¥16.5m | CN¥13.3m | CN¥36.5m | CN¥9.7m | CN¥3.9m |
| Diluted earnings per share | -0.40 | -0.13 | -0.08 | -0.46 | -0.26 | -0.07 | 0.06 | 0.16 | 0.04 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.83bn | CN¥1.28bn | CN¥837.8m | CN¥824.7m | CN¥1.01bn | CN¥1.08bn | CN¥978.1m | CN¥856.5m | CN¥1.73bn | CN¥1.14bn |
| Cash and short-term investments | — | CN¥7.2m | CN¥76.8m | CN¥14.7m | CN¥28.5m | CN¥56.6m | CN¥107.2m | CN¥236.6m | CN¥196.4m | CN¥119.6m |
| Total liabilities | CN¥2.66bn | CN¥1.04bn | CN¥603.2m | CN¥495.0m | CN¥497.3m | CN¥491.2m | CN¥394.5m | CN¥322.9m | CN¥1.24bn | CN¥807.1m |
| Debt | — | CN¥513.3m | CN¥81.1m | CN¥52.4m | CN¥225.3m | CN¥216.2m | CN¥47.3m | CN¥26.0m | CN¥467.9m | CN¥436.0m |
| Shareholders' equity | CN¥74.3m | CN¥156.3m | CN¥183.2m | CN¥201.3m | CN¥303.8m | CN¥360.7m | CN¥377.3m | CN¥364.1m | CN¥337.7m | CN¥327.9m |
| Shares outstanding | 222m | 220m | 223m | 222m | 222m | 223m | 222m | 222m | 222m | 221m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥338.9m | CN¥669,188 | −CN¥20.5m | −CN¥53.1m | −CN¥25.8m | −CN¥64.3m | −CN¥17.7m | CN¥134.7m | CN¥20.2m | CN¥85.4m |
| Capital spending | −CN¥63.8m | −CN¥288.5m | −CN¥147.3m | −CN¥14.5m | −CN¥17.5m | −CN¥61.0m | −CN¥145.6m | −CN¥118.5m | −CN¥91.1m | −CN¥25.2m |
| Free cash flow | −CN¥402.8m | −CN¥287.8m | −CN¥167.8m | −CN¥67.6m | −CN¥43.3m | −CN¥125.3m | −CN¥163.3m | CN¥16.3m | −CN¥70.8m | CN¥60.2m |
| Dividends paid | −CN¥371,880 | −CN¥410,513 | −CN¥1.6m | −CN¥3.6m | −CN¥4.6m | −CN¥4.2m | −CN¥2.8m | −CN¥23.1m | −CN¥24.8m | −CN¥18.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥209.1m | CN¥210.2m | CN¥201.0m | CN¥138.9m | CN¥138.8m | CN¥96.0m | CN¥127.1m | CN¥121.9m |
| Operating income | −CN¥5.8m | CN¥2.5m | −CN¥10.2m | −CN¥12.8m | −CN¥28.9m | −CN¥12.7m | −CN¥31.0m | CN¥7.8m |
| Net income | −CN¥17.0m | −CN¥11.2m | −CN¥38.7m | −CN¥12.3m | −CN¥27.3m | −CN¥9.8m | −CN¥29.9m | CN¥222,521 |
| Diluted earnings per share | -0.08 | -0.05 | -0.17 | -0.06 | -0.12 | -0.04 | -0.14 | 0.00 |
| Cash from operations | — | — | — | — | −CN¥67.0m | −CN¥17.0m | −CN¥27.0m | −CN¥53.0m |
| Capital spending | −CN¥907.0m | −CN¥6.0m | — | — | −CN¥6.0m | −CN¥5.0m | −CN¥16.0m | −CN¥39.0m |
| Free cash flow | — | — | — | — | −CN¥73.0m | −CN¥22.0m | −CN¥43.0m | −CN¥92.0m |
| Total assets | CN¥4.18bn | CN¥3.94bn | CN¥2.83bn | — | CN¥1.62bn | CN¥1.33bn | CN¥1.28bn | CN¥1.29bn |
| Cash and short-term investments | — | — | — | — | CN¥28.9m | CN¥13.5m | CN¥7.2m | CN¥15.0m |
| Debt | CN¥981.3m | CN¥488.0m | — | — | CN¥92.5m | CN¥61.4m | CN¥445.0m | CN¥11.0m |
| Shareholders' equity | CN¥347.5m | CN¥299.0m | CN¥74.3m | — | CN¥120.2m | CN¥147.0m | CN¥156.3m | CN¥186.2m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -14.3% | -3.5% | -9.6% | -36.6% | -20.0% | -1.9% | — |
| Net margin | -15.3% | -5.7% | -5.3% | -24.7% | -11.6% | -3.1% | — |
| Return on equity | -118.7% | -18.0% | -9.9% | -50.9% | -18.7% | -4.6% | — |
| Return on assets | -3.1% | -2.2% | -2.2% | -12.4% | -5.6% | -1.5% | — |
| Free cash flow yield | -10.6% | 11.3% | 4.9% | -1.5% | -0.3% | -0.1% | — |
| Revenue growth | 16.5% | 43.5% | -17.2% | -15.6% | -8.1% | -7.6% | — |
| Earnings growth | 213.3% | 55.4% | -82.3% | 79.9% | 244.9% | -223.9% | — |
| Current ratio | 0.27x | 0.48x | 0.57x | 0.86x | 1.13x | 1.53x | — |
| Debt to equity | — | 2.85x | 0.11x | 0.15x | 0.62x | 0.34x | 0.41x |
| Equity ratio | 2.6% | 12.2% | 21.9% | 24.4% | 29.9% | 33.5% | — |
| Interest coverage | -2.95x | -1.23x | -3.75x | -11.40x | -5.86x | -0.67x | — |
| R&D as a share of sales | 1.6% | 0.9% | 3.2% | 4.2% | 4.4% | 2.7% | — |
| Buybacks as a share of market value | -1.0% | 1.2% | -0.2% | 0.1% | 0.3% | -0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 1.4% | -0.6% |
| Operating income | -36.0% | 30.2% | 3.8% |
| Net income | -4.9% | 39.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.7% | -14.1% | -12.9% | -3.1% |
| Net margin | -10.9% | -13.0% | -10.9% | -3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -32.0 | -80.9 | -132.8 | -32.3 | -42.7 | -95.9 | 124.7 | 54.7 | 267.1 | — |
| Price to sales | 4.9 | 4.6 | 7.0 | 8.0 | 5.0 | 3.0 | 2.9 | 1.9 | 2.6 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2009.
| FY2009 | FY2008 | FY2007 | FY2006 | FY1998 | |
|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.023 | 0.078 | 0.058 | 0.157 |
- 1-to-1 reverse split · 14 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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