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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¥475.2m
FY2016FY2025
Net income
−CN¥211.1m
FY2016FY2025
Free cash flow
−CN¥113.0m
FY2016FY2025
Shareholders' equity
CN¥584.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥475.2m | CN¥377.9m | CN¥148.9m | CN¥195.2m | CN¥738.0m | CN¥1.16bn | CN¥1.90bn | CN¥2.49bn | CN¥1.81bn | CN¥460.8m |
| Research and development | CN¥4.7m | CN¥15.5m | CN¥21.4m | CN¥33.3m | CN¥39.0m | CN¥27.9m | CN¥45.6m | CN¥21.2m | CN¥6.7m | CN¥1.1m |
| Operating income | — | −CN¥134.2m | CN¥1.29bn | −CN¥1.12bn | −CN¥773.1m | −CN¥2.49bn | CN¥38.2m | CN¥190.1m | CN¥411.5m | CN¥30.0m |
| Net income | −CN¥211.1m | −CN¥109.9m | CN¥1.06bn | −CN¥1.54bn | −CN¥1.44bn | −CN¥2.53bn | −CN¥1.08bn | CN¥102.5m | CN¥289.3m | CN¥12.0m |
| Diluted earnings per share | -0.07 | -0.04 | 0.37 | -1.57 | -1.35 | -2.47 | -1.18 | 0.12 | 0.34 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.28bn | CN¥1.26bn | CN¥1.32bn | CN¥7.71bn | CN¥8.99bn | CN¥9.80bn | CN¥12.12bn | CN¥10.99bn | CN¥8.71bn | CN¥4.09bn |
| Cash and short-term investments | — | CN¥17.3m | CN¥476.7m | CN¥138.2m | CN¥125.2m | CN¥321.4m | CN¥383.4m | CN¥590.3m | CN¥1.05bn | CN¥994.7m |
| Total liabilities | CN¥669.8m | CN¥535.5m | CN¥525.6m | CN¥8.10bn | CN¥7.83bn | CN¥7.12bn | CN¥6.84bn | CN¥6.51bn | CN¥4.36bn | CN¥1.09bn |
| Debt | CN¥17.0m | CN¥5.6m | CN¥4.3m | CN¥2.37bn | CN¥2.66bn | CN¥2.74bn | CN¥2.35bn | CN¥3.26bn | CN¥2.37bn | CN¥342.7m |
| Shareholders' equity | CN¥584.3m | CN¥664.8m | CN¥727.3m | −CN¥505.3m | CN¥924.3m | CN¥2.27bn | CN¥4.64bn | CN¥4.34bn | CN¥4.24bn | CN¥2.97bn |
| Shares outstanding | 2,857m | 2,857m | 2,842m | 980m | 1,071m | 1,026m | 910m | 891m | 859m | 370m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥94.3m | −CN¥277.4m | −CN¥161.0m | CN¥94.5m | CN¥57.3m | CN¥60.2m | −CN¥88.6m | −CN¥843.4m | −CN¥395.1m | −CN¥257.5m |
| Capital spending | −CN¥18.6m | −CN¥22.2m | −CN¥611,386 | −CN¥5.6m | −CN¥21.0m | −CN¥110.5m | −CN¥141.2m | −CN¥106.6m | −CN¥135.3m | −CN¥147.3m |
| Free cash flow | −CN¥113.0m | −CN¥299.6m | −CN¥161.6m | CN¥89.0m | CN¥36.4m | −CN¥50.3m | −CN¥229.8m | −CN¥949.9m | −CN¥530.4m | −CN¥404.8m |
| Dividends paid | −CN¥1.4m | — | −CN¥126.5m | −CN¥23.1m | −CN¥275.3m | −CN¥247.1m | −CN¥275.9m | −CN¥226.0m | −CN¥99.4m | −CN¥7.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥307.3m | CN¥137.2m | CN¥143.6m | CN¥106.7m | CN¥98.1m | CN¥126.3m | CN¥297.2m | CN¥66.3m |
| Operating income | CN¥49.9m | −CN¥12.2m | −CN¥39.3m | −CN¥42.5m | −CN¥55.3m | −CN¥14.2m | −CN¥55.6m | −CN¥15.7m |
| Net income | CN¥64.9m | CN¥9.3m | −CN¥106.2m | −CN¥39.3m | −CN¥52.6m | −CN¥13.0m | −CN¥44.5m | −CN¥12.7m |
| Diluted earnings per share | 0.02 | 0.00 | -0.04 | -0.01 | -0.02 | -0.00 | -0.02 | -0.00 |
| Cash from operations | — | — | — | −CN¥9.0m | −CN¥32.0m | −CN¥15.0m | CN¥4.0m | −CN¥10.0m |
| Capital spending | −CN¥24.0m | −CN¥5.0m | −CN¥12.0m | −CN¥1.0m | −CN¥4.0m | — | −CN¥15.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥10.0m | −CN¥36.0m | — | −CN¥11.0m | −CN¥15.0m |
| Total assets | CN¥1.21bn | CN¥1.38bn | CN¥1.28bn | CN¥1.22bn | CN¥1.25bn | CN¥1.22bn | CN¥1.26bn | CN¥1.16bn |
| Cash and short-term investments | — | — | — | CN¥9.1m | CN¥16.5m | CN¥8.7m | CN¥17.3m | CN¥30.8m |
| Debt | CN¥16.0m | CN¥16.5m | CN¥17.0m | CN¥94.1m | CN¥48.0m | CN¥67.8m | — | — |
| Shareholders' equity | CN¥730.1m | CN¥662.1m | CN¥584.3m | CN¥579.5m | CN¥615.7m | CN¥661.0m | CN¥664.8m | CN¥674.1m |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -51.5% | -35.5% | 865.0% | -572.4% | -104.8% | -214.7% | — | — |
| Net margin | -44.4% | -29.1% | 708.9% | -787.6% | -195.5% | -218.5% | — | — |
| Return on equity | -36.1% | -16.5% | 145.2% | 304.2% | -156.1% | -111.3% | — | — |
| Return on assets | -16.5% | -8.7% | 80.3% | -19.9% | -16.0% | -25.8% | — | — |
| Free cash flow yield | -0.6% | -1.9% | -1.2% | 2.2% | 1.6% | 3.6% | — | — |
| Revenue growth | 25.8% | 153.7% | -23.7% | -73.6% | -36.3% | -39.1% | — | — |
| Earnings growth | 92.1% | -110.4% | -168.7% | 6.5% | -43.0% | 135.1% | — | — |
| Current ratio | 1.68x | 2.01x | 2.40x | 0.64x | 0.80x | 1.00x | — | — |
| Debt to equity | 0.03x | — | — | -3.55x | 2.48x | 1.20x | 0.50x | 0.74x |
| Equity ratio | 45.8% | 52.9% | 55.3% | -6.6% | 10.3% | 23.2% | — | — |
| Interest coverage | -68.92x | -55.08x | 3.12x | -2.39x | -1.17x | -3.76x | — | — |
| R&D as a share of sales | 1.0% | 4.1% | 14.4% | 17.1% | 5.3% | 2.4% | — | — |
| Buybacks as a share of market value | 0.0% | -0.5% | -190.0% | 8.5% | -4.4% | -12.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.5% | -16.3% | 20.8% |
| Net income | -48.4% | -39.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -37.6% | -67.0% | -154.4% | -55.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.1 | -41.9 | 5.7 | -1.8 | -2.0 | -1.1 | -4.6 | 54.1 | 31.6 | 418.1 |
| Price to sales | 10.3 | 12.2 | 40.1 | 14.2 | 4.0 | 2.3 | 2.6 | 2.2 | 5.0 | 10.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Apr 2017.
| FY2017 | FY2011 | FY2008 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.042 | 0.006 | 0.006 | 0.014 | 0.008 | 0.008 | 0.008 | 0.111 |
- 1-to-1 reverse split · 18 Dec 2023
- 6-for-5 split · 28 May 2018
- 2-for-1 split · 18 Apr 2017
- 3-for-2 split · 24 May 2012
- 1-to-1 reverse split · 7 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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