C 
3.52
-1.12%
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¥545.5m
FY2016FY2025
Net income
−CN¥320.4m
FY2016FY2025
Free cash flow
CN¥22.3m
FY2016FY2025
Shareholders' equity
CN¥715.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥545.5m | CN¥864.0m | CN¥1.00bn | CN¥873.1m | CN¥954.7m | CN¥759.3m | CN¥745.3m | CN¥633.4m | CN¥590.9m | CN¥575.2m |
| Research and development | CN¥23.4m | CN¥31.3m | CN¥31.9m | CN¥25.2m | CN¥18.0m | CN¥26.9m | CN¥29.5m | CN¥36.4m | CN¥37.4m | CN¥36.9m |
| Operating income | −CN¥93.2m | CN¥4.8m | CN¥35.4m | CN¥42.7m | CN¥64.3m | CN¥47.4m | CN¥75.9m | CN¥43.3m | CN¥231.1m | CN¥109.4m |
| Net income | −CN¥320.4m | −CN¥6.7m | CN¥27.7m | CN¥41.2m | CN¥55.6m | CN¥37.5m | CN¥61.6m | CN¥31.2m | CN¥171.7m | CN¥82.5m |
| Diluted earnings per share | -0.51 | -0.01 | 0.03 | 0.09 | 0.09 | 0.06 | 0.10 | 0.05 | 0.28 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.39bn | CN¥2.25bn | CN¥2.13bn | CN¥1.68bn | CN¥1.35bn | CN¥1.14bn | CN¥1.14bn | CN¥1.08bn | CN¥1.33bn | CN¥1.09bn |
| Cash and short-term investments | — | CN¥216.0m | CN¥211.2m | CN¥144.6m | CN¥305.2m | CN¥427.4m | CN¥403.8m | CN¥346.1m | CN¥443.4m | CN¥195.6m |
| Total liabilities | CN¥682.3m | CN¥1.18bn | CN¥1.06bn | CN¥671.6m | CN¥369.7m | CN¥227.6m | CN¥257.8m | CN¥248.6m | CN¥487.2m | CN¥425.2m |
| Debt | CN¥38.2m | CN¥478.8m | CN¥415.3m | CN¥190.7m | CN¥42.3m | CN¥6.5m | CN¥11.4m | CN¥11.4m | CN¥130.0m | CN¥120.0m |
| Shareholders' equity | CN¥715.7m | CN¥1.03bn | CN¥1.03bn | CN¥1.00bn | CN¥976.5m | CN¥912.1m | CN¥880.7m | CN¥835.6m | CN¥838.9m | CN¥665.8m |
| Shares outstanding | 623m | 784m | 883m | 480m | 622m | 649m | 617m | 616m | 616m | 618m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥85.4m | CN¥64.3m | CN¥47.4m | CN¥155.9m | −CN¥55.6m | CN¥13.5m | CN¥65.0m | CN¥107.7m | −CN¥30.4m | CN¥51.6m |
| Capital spending | −CN¥63.0m | −CN¥142.0m | −CN¥189.3m | −CN¥165.3m | −CN¥113.4m | −CN¥2.5m | −CN¥1.5m | −CN¥11.2m | −CN¥6.4m | −CN¥4.0m |
| Free cash flow | CN¥22.3m | −CN¥77.7m | −CN¥141.9m | −CN¥9.4m | −CN¥169.1m | CN¥11.0m | CN¥63.5m | CN¥96.6m | −CN¥36.8m | CN¥47.6m |
| Dividends paid | −CN¥13.3m | −CN¥20.7m | −CN¥6.3m | −CN¥6.3m | −CN¥6.2m | −CN¥6.2m | −CN¥16.8m | −CN¥28.8m | −CN¥5.3m | −CN¥4.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥123.6m | CN¥109.3m | CN¥88.1m | CN¥165.7m | CN¥164.8m | CN¥126.9m | CN¥200.9m | CN¥205.2m |
| Operating income | CN¥6.0m | CN¥6.2m | −CN¥33.4m | −CN¥38.1m | −CN¥33.4m | −CN¥14.9m | −CN¥17.6m | CN¥5.9m |
| Net income | CN¥3.7m | CN¥2.4m | −CN¥222.6m | −CN¥42.9m | −CN¥40.3m | −CN¥14.6m | −CN¥12.4m | −CN¥3.4m |
| Diluted earnings per share | 0.01 | 0.00 | -0.36 | -0.07 | -0.06 | -0.02 | -0.02 | -0.00 |
| Cash from operations | — | — | — | −CN¥134.0m | −CN¥6.0m | −CN¥8.0m | — | −CN¥13.0m |
| Capital spending | −CN¥5.0m | −CN¥7.0m | −CN¥13.0m | −CN¥13.0m | −CN¥18.0m | −CN¥17.0m | −CN¥41.0m | −CN¥31.0m |
| Free cash flow | — | — | — | −CN¥147.0m | −CN¥24.0m | −CN¥25.0m | — | −CN¥44.0m |
| Total assets | CN¥1.41bn | CN¥1.39bn | CN¥1.39bn | CN¥1.86bn | CN¥2.09bn | CN¥2.13bn | CN¥2.25bn | CN¥2.14bn |
| Cash and short-term investments | — | — | — | CN¥148.6m | CN¥195.8m | CN¥174.9m | CN¥216.0m | CN¥145.5m |
| Debt | CN¥37.8m | CN¥40.7m | CN¥38.2m | CN¥398.2m | CN¥302.6m | CN¥420.8m | CN¥464.5m | CN¥477.1m |
| Shareholders' equity | CN¥722.1m | CN¥718.3m | CN¥715.7m | CN¥932.4m | CN¥975.2m | CN¥1.01bn | CN¥1.03bn | CN¥1.04bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -59.8% | 2.7% | 4.5% | 5.3% | 6.7% | 5.9% |
| Net margin | -58.7% | -0.8% | 2.8% | 4.7% | 5.8% | 4.9% |
| Return on equity | -44.8% | -0.7% | 2.7% | 4.1% | 5.7% | 4.1% |
| Return on assets | -23.1% | -0.3% | 1.3% | 2.5% | 4.1% | 3.3% |
| Free cash flow yield | 6.5% | 7.1% | 7.3% | 18.2% | 2.5% | 0.7% |
| Revenue growth | -36.9% | -13.9% | 14.9% | -8.5% | 25.7% | 1.9% |
| Earnings growth | 4689.4% | -124.2% | -32.9% | -25.9% | 48.3% | -39.1% |
| Current ratio | 0.78x | 0.87x | 0.99x | 1.43x | 2.83x | 4.05x |
| Debt to equity | 0.05x | 0.45x | 0.35x | 0.15x | 0.02x | 0.01x |
| Equity ratio | 51.5% | 45.6% | 48.4% | 59.8% | 72.3% | 80.0% |
| Interest coverage | -29.68x | 1.14x | 2.81x | 8.70x | 60.50x | 201.24x |
| R&D as a share of sales | 4.3% | 3.6% | 3.2% | 2.9% | 1.9% | 3.5% |
| Buybacks as a share of market value | 20.6% | 11.2% | -83.8% | 22.8% | 4.2% | -5.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.5% | -6.4% | 1.6% |
| Operating income | — | — | 8.2% |
| Net income | — | — | 24.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.3% | -0.3% | 2.0% | 6.5% |
| Net margin | -23.2% | -7.9% | -3.3% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -457.3 | 161.5 | 53.0 | 71.1 | 76.2 | 45.3 | 72.9 | 18.5 | 69.0 |
| Price to sales | 4.4 | 3.5 | 4.5 | 2.5 | 4.1 | 3.8 | 3.8 | 3.6 | 5.4 | 9.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.027 | 0.056 | 0.019 |
- 11-for-10 split · 9 May 2019
- 13-for-10 split · 10 Apr 2018
- 1.12-for-1 split · 28 May 2015
- 11-for-10 split · 22 Apr 2013
- 13-for-10 split · 29 Mar 2010
- 13-for-10 split · 28 Mar 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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