B 
9.61
+0.84%
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¥929.8m
FY2016FY2025
Net income
−CN¥196.8m
FY2016FY2025
Free cash flow
−CN¥5.1m
FY2016FY2025
Shareholders' equity
CN¥1.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥929.8m | CN¥1.08bn | CN¥1.15bn | CN¥1.37bn | CN¥1.42bn | CN¥1.54bn | CN¥1.62bn | CN¥1.44bn | CN¥1.17bn | CN¥921.7m |
| Gross profit | CN¥401.2m | CN¥474.4m | CN¥483.2m | CN¥546.2m | CN¥594.4m | CN¥779.4m | CN¥964.1m | CN¥819.8m | CN¥700.3m | CN¥564.7m |
| Research and development | CN¥104.4m | CN¥95.4m | CN¥110.0m | CN¥106.7m | CN¥128.2m | CN¥125.8m | CN¥119.5m | CN¥91.3m | CN¥33.6m | CN¥48.6m |
| Operating income | −CN¥71.2m | −CN¥160.6m | −CN¥436.8m | −CN¥280.0m | −CN¥98.8m | CN¥258.7m | CN¥450.2m | CN¥305.1m | CN¥275.1m | CN¥182.4m |
| Net income | −CN¥196.8m | −CN¥192.4m | −CN¥427.2m | −CN¥248.9m | −CN¥110.8m | CN¥210.7m | CN¥390.6m | CN¥268.1m | CN¥232.7m | CN¥151.0m |
| Diluted earnings per share | -0.56 | -0.54 | -1.22 | -1.48 | -0.30 | 0.56 | 1.10 | 0.78 | 14.23 | 0.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.28bn | CN¥2.38bn | CN¥2.74bn | CN¥3.20bn | CN¥3.52bn | CN¥3.24bn | CN¥3.07bn | CN¥2.18bn | CN¥1.81bn | CN¥548.0m |
| Cash and short-term investments | — | CN¥400.1m | CN¥352.0m | CN¥338.1m | CN¥421.7m | CN¥633.1m | CN¥417.9m | CN¥423.6m | CN¥411.6m | CN¥74.0m |
| Total liabilities | CN¥780.1m | CN¥669.6m | CN¥846.6m | CN¥871.5m | CN¥996.0m | CN¥821.5m | CN¥721.8m | CN¥235.7m | CN¥245.9m | CN¥434.0m |
| Debt | — | CN¥156.7m | CN¥248.3m | CN¥348.2m | CN¥399.3m | CN¥359.8m | CN¥256.1m | — | CN¥29.3m | CN¥107.6m |
| Shareholders' equity | CN¥1.48bn | CN¥1.68bn | CN¥1.86bn | CN¥2.30bn | CN¥2.49bn | CN¥2.39bn | CN¥2.33bn | CN¥1.90bn | CN¥1.54bn | CN¥114.1m |
| Shares outstanding | 354m | 354m | 350m | 169m | 366m | 373m | 357m | 342m | 16m | 203m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥70.6m | CN¥88.0m | CN¥111.0m | CN¥21.2m | CN¥94.0m | CN¥161.3m | CN¥123.1m | CN¥165.3m | CN¥74.4m | −CN¥14.2m |
| Capital spending | −CN¥75.7m | −CN¥56.8m | −CN¥55.1m | −CN¥73.3m | −CN¥336.7m | −CN¥112.5m | −CN¥295.3m | −CN¥165.9m | −CN¥204.8m | −CN¥57.9m |
| Free cash flow | −CN¥5.1m | CN¥31.2m | CN¥55.9m | −CN¥52.1m | −CN¥242.7m | CN¥48.8m | −CN¥172.2m | −CN¥529,680 | −CN¥130.5m | −CN¥72.1m |
| Dividends paid | −CN¥4.7m | −CN¥8.7m | −CN¥15.5m | −CN¥28.3m | −CN¥20.3m | −CN¥29.2m | −CN¥8.4m | −CN¥762,426 | −CN¥862,877 | −CN¥2.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥236.6m | CN¥210.2m | CN¥244.2m | CN¥238.2m | CN¥229.7m | CN¥217.8m | CN¥255.5m | CN¥270.9m |
| Gross profit | CN¥117.5m | CN¥108.2m | CN¥73.8m | CN¥116.8m | CN¥102.9m | CN¥107.8m | CN¥58.1m | CN¥143.5m |
| Operating income | −CN¥7.5m | −CN¥4.9m | −CN¥49.4m | −CN¥23.6m | −CN¥14.3m | −CN¥2.3m | −CN¥194.7m | CN¥5.7m |
| Net income | −CN¥24.2m | −CN¥19.7m | −CN¥144.3m | −CN¥25.3m | −CN¥20.8m | −CN¥6.5m | −CN¥202.8m | CN¥1.1m |
| Diluted earnings per share | -0.07 | -0.06 | -0.41 | -0.07 | -0.06 | -0.02 | -0.57 | 0.00 |
| Cash from operations | — | — | — | −CN¥2.0m | CN¥2.0m | −CN¥34.0m | — | CN¥9.0m |
| Capital spending | −CN¥12.0m | −CN¥13.0m | −CN¥12.0m | −CN¥26.0m | −CN¥24.0m | −CN¥12.0m | −CN¥21.0m | −CN¥13.0m |
| Free cash flow | — | — | — | −CN¥28.0m | −CN¥22.0m | −CN¥46.0m | — | −CN¥4.0m |
| Total assets | CN¥2.16bn | CN¥2.22bn | CN¥2.28bn | CN¥2.34bn | CN¥2.42bn | CN¥2.42bn | CN¥2.38bn | CN¥2.54bn |
| Cash and short-term investments | — | — | — | CN¥320.2m | CN¥370.4m | CN¥362.1m | CN¥400.1m | CN¥241.9m |
| Debt | CN¥10.0m | — | — | CN¥156.3m | CN¥162.6m | CN¥125.1m | CN¥113.4m | CN¥107.0m |
| Shareholders' equity | CN¥1.42bn | CN¥1.45bn | CN¥1.48bn | CN¥1.62bn | CN¥1.64bn | CN¥1.67bn | CN¥1.68bn | CN¥1.87bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 43.1% | 44.0% | 42.0% | 39.9% | 41.8% | 50.6% | — |
| Operating margin | -19.3% | -14.9% | -37.9% | -18.9% | -6.9% | 17.0% | — |
| Net margin | -21.2% | -17.8% | -37.1% | -18.2% | -7.8% | 13.7% | — |
| Return on equity | -13.3% | -11.5% | -22.9% | -10.8% | -4.5% | 8.8% | — |
| Return on assets | -8.6% | -8.1% | -15.6% | -7.8% | -3.1% | 6.5% | — |
| Free cash flow yield | 4.0% | 3.9% | 4.6% | 5.4% | 11.3% | 7.0% | — |
| Revenue growth | -13.8% | -6.4% | -15.8% | -3.8% | -7.7% | -4.8% | — |
| Earnings growth | 2.3% | -55.0% | 71.6% | 124.6% | -152.6% | -46.1% | — |
| Current ratio | 1.96x | 2.44x | 1.93x | 2.45x | 2.48x | 3.61x | — |
| Debt to equity | — | 0.07x | 0.13x | 0.14x | 0.15x | 0.15x | 0.11x |
| Equity ratio | 64.6% | 70.4% | 68.0% | 71.9% | 70.7% | 73.6% | — |
| Interest coverage | -18.00x | -15.79x | -26.28x | -14.67x | -4.58x | 16.16x | — |
| R&D as a share of sales | 11.2% | 8.9% | 9.6% | 7.8% | 9.0% | 8.2% | — |
| Buybacks as a share of market value | 0.2% | -1.2% | -107.9% | 54.0% | 1.8% | -4.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.1% | -9.6% | 7.6% |
| Operating income | -36.7% | — | — |
| Net income | -7.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.6% | 42.1% | 43.8% | 50.4% |
| Operating margin | -11.5% | -21.0% | -10.5% | 3.6% |
| Net margin | -19.4% | -23.5% | -12.9% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.3 | -15.6 | -9.4 | -7.7 | -64.1 | 67.4 | 33.4 | 40.7 | 4.0 | 63.9 |
| Price to sales | 4.3 | 2.8 | 3.5 | 1.4 | 5.0 | 9.2 | 8.1 | 7.6 | 0.8 | 10.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2001.
| FY2001 | |
|---|---|
| Paid in the year | 0.15 |
- 1-to-1 reverse split · 1 Sept 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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