H 
4.74
-0.21%
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¥526.7m
FY2016FY2025
Net income
−CN¥252.3m
FY2016FY2025
Free cash flow
−CN¥124.0m
FY2016FY2025
Shareholders' equity
CN¥635.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥526.7m | CN¥384.9m | CN¥335.8m | CN¥596.2m | CN¥387.8m | CN¥184.9m | CN¥540.0m | CN¥1.33bn | CN¥1.57bn | CN¥738.6m |
| Research and development | CN¥3.0m | CN¥3.6m | CN¥3.2m | CN¥901,683 | CN¥495,835 | — | — | — | CN¥4,955 | CN¥1.5m |
| Operating income | −CN¥139.8m | −CN¥243.7m | −CN¥335.4m | CN¥22.9m | −CN¥380.7m | −CN¥739.6m | −CN¥585.0m | CN¥366.6m | CN¥453.2m | CN¥267.9m |
| Net income | −CN¥252.3m | −CN¥241.1m | −CN¥397.1m | CN¥18.0m | −CN¥333.7m | −CN¥784.9m | −CN¥551.2m | CN¥324.6m | CN¥422.1m | CN¥265.1m |
| Diluted earnings per share | -0.26 | -0.25 | -0.41 | 0.02 | -0.35 | -0.80 | -0.56 | 0.33 | 0.43 | 0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.40bn | CN¥1.67bn | CN¥1.77bn | CN¥2.29bn | CN¥2.38bn | CN¥2.65bn | CN¥3.55bn | CN¥4.93bn | CN¥4.12bn | CN¥3.31bn |
| Cash and short-term investments | — | CN¥448.4m | CN¥579.4m | CN¥391.4m | CN¥414.7m | CN¥697.3m | CN¥454.3m | CN¥895.5m | CN¥1.26bn | CN¥1.78bn |
| Total liabilities | CN¥805.6m | CN¥825.0m | CN¥677.6m | CN¥791.0m | CN¥884.0m | CN¥776.2m | CN¥896.4m | CN¥1.52bn | CN¥1.04bn | CN¥638.0m |
| Debt | — | CN¥105.8m | CN¥107.5m | CN¥80.4m | CN¥91.5m | CN¥12.2m | CN¥48.0m | CN¥445.0m | CN¥159.0m | CN¥230.0m |
| Shareholders' equity | CN¥635.0m | CN¥879.7m | CN¥1.12bn | CN¥1.52bn | CN¥1.50bn | CN¥1.87bn | CN¥2.65bn | CN¥3.41bn | CN¥3.08bn | CN¥2.67bn |
| Shares outstanding | 974m | 947m | 964m | 971m | 941m | 982m | 992m | 991m | 979m | 410m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥122.9m | −CN¥112.2m | CN¥178.9m | −CN¥9.9m | −CN¥273.4m | CN¥276.5m | −CN¥10.2m | −CN¥648.8m | −CN¥432.4m | CN¥40.6m |
| Capital spending | −CN¥1.1m | −CN¥2.6m | −CN¥2.7m | −CN¥135,508 | −CN¥1.3m | −CN¥247,849 | −CN¥913,409 | −CN¥22.0m | −CN¥14.0m | −CN¥9.5m |
| Free cash flow | −CN¥124.0m | −CN¥114.8m | CN¥176.2m | −CN¥10.0m | −CN¥274.6m | CN¥276.3m | −CN¥11.1m | −CN¥670.8m | −CN¥446.4m | CN¥31.1m |
| Dividends paid | −CN¥3.9m | −CN¥4.2m | −CN¥6.8m | −CN¥4.4m | −CN¥1.1m | −CN¥2.0m | −CN¥28.6m | −CN¥29.7m | −CN¥11.1m | −CN¥11.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥167.8m | CN¥80.2m | CN¥184.2m | CN¥144.4m | CN¥112.5m | CN¥85.5m | CN¥231.5m | CN¥45.6m |
| Operating income | −CN¥99.8m | −CN¥26.0m | −CN¥109.4m | −CN¥26.6m | −CN¥15.9m | −CN¥6.1m | −CN¥165.9m | −CN¥97.4m |
| Net income | −CN¥103.8m | −CN¥39.9m | −CN¥217.2m | −CN¥28.6m | −CN¥2.3m | −CN¥4.1m | −CN¥187.2m | −CN¥70.0m |
| Diluted earnings per share | -0.11 | -0.04 | -0.22 | -0.03 | -0.00 | -0.00 | -0.20 | -0.07 |
| Cash from operations | — | — | — | −CN¥11.0m | −CN¥4.0m | −CN¥126.0m | −CN¥46.0m | CN¥47.0m |
| Capital spending | — | — | — | — | — | — | — | −CN¥1.0m |
| Free cash flow | — | — | — | — | — | — | — | CN¥46.0m |
| Total assets | CN¥1.05bn | CN¥1.27bn | CN¥1.40bn | CN¥1.68bn | CN¥1.64bn | CN¥1.67bn | CN¥1.67bn | CN¥1.74bn |
| Cash and short-term investments | — | — | — | CN¥311.0m | CN¥310.2m | CN¥318.5m | CN¥448.4m | CN¥503.4m |
| Debt | — | — | — | CN¥108.5m | CN¥100.5m | CN¥100.0m | CN¥100.5m | CN¥100.0m |
| Shareholders' equity | CN¥505.6m | CN¥604.2m | CN¥635.0m | CN¥844.6m | CN¥873.3m | CN¥875.6m | CN¥879.7m | CN¥1.07bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -36.8% | -63.4% | -116.6% | -5.4% | -83.1% | -429.2% | — | — |
| Net margin | -47.9% | -62.6% | -118.2% | 3.0% | -86.0% | -424.4% | — | — |
| Return on equity | -39.7% | -27.4% | -35.4% | 1.2% | -22.2% | -42.0% | — | — |
| Return on assets | -18.0% | -14.4% | -22.4% | 0.8% | -14.0% | -29.7% | — | — |
| Free cash flow yield | -2.3% | -2.2% | 3.5% | -0.2% | -5.4% | 5.3% | — | — |
| Revenue growth | 36.8% | 14.6% | -43.7% | 53.7% | 109.7% | -65.8% | — | — |
| Earnings growth | 4.6% | -39.3% | -2312.4% | -105.4% | -57.5% | 42.4% | — | — |
| Current ratio | 1.49x | 1.74x | 2.33x | 2.67x | 2.45x | 3.46x | — | — |
| Debt to equity | — | 0.11x | 0.09x | 0.05x | 0.06x | 0.01x | 0.02x | — |
| Equity ratio | 45.4% | 52.7% | 63.3% | 66.2% | 63.1% | 70.7% | — | — |
| Interest coverage | -26.85x | -21.78x | -35.82x | -5.05x | -103.24x | -183.42x | — | — |
| R&D as a share of sales | 0.6% | 0.9% | 1.0% | 0.2% | 0.1% | — | — | 0.0% |
| Buybacks as a share of market value | -2.8% | 1.8% | 0.7% | -3.2% | 4.2% | 1.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | 23.3% | 1.1% |
| Operating income | — | -28.3% | — |
| Net income | — | -20.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -42.1% | -37.8% | -75.2% | -15.8% |
| Net margin | -54.1% | -47.3% | -82.4% | -19.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -26.9 | -12.8 | -9.9 | 242.8 | -12.7 | -3.3 | -9.0 | 14.5 | 18.0 | 21.6 |
| Price to sales | 12.9 | 8.0 | 11.7 | 7.3 | 10.9 | 13.9 | 9.2 | 3.5 | 4.9 | 7.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Oct 2001.
| FY2001 | FY1999 | |
|---|---|---|
| Paid in the year | 0.075 | 0.22 |
- 3-for-2 split · 16 Oct 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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