L 
7.42
-2.11%
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¥369.0m
FY2016FY2025
Net income
−CN¥90.9m
FY2016FY2025
Free cash flow
−CN¥277.1m
FY2016FY2025
Shareholders' equity
CN¥365.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥369.0m | CN¥210.5m | CN¥241.2m | CN¥266.5m | CN¥308.5m | CN¥306.6m | CN¥455.5m | CN¥508.6m | CN¥596.1m | CN¥677.5m |
| Research and development | — | — | CN¥2.4m | CN¥2.3m | CN¥2.2m | CN¥2.2m | CN¥2.9m | CN¥2.6m | CN¥3.2m | CN¥3.2m |
| Operating income | −CN¥218.9m | −CN¥111.1m | −CN¥55.4m | −CN¥47.8m | CN¥32.4m | −CN¥57.9m | CN¥13.5m | −CN¥75.9m | CN¥24.2m | −CN¥21.9m |
| Net income | −CN¥90.9m | −CN¥99.9m | −CN¥46.7m | −CN¥29.2m | CN¥19.1m | −CN¥29.9m | CN¥15.6m | −CN¥67.6m | CN¥16.2m | −CN¥25.1m |
| Diluted earnings per share | -0.50 | -0.54 | -0.25 | -0.16 | 0.10 | -0.16 | 0.08 | -0.36 | 0.09 | -0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥970.7m | CN¥962.9m | CN¥1.12bn | CN¥1.24bn | CN¥1.30bn | CN¥1.30bn | CN¥1.37bn | CN¥1.38bn | CN¥1.47bn | CN¥1.52bn |
| Cash and short-term investments | — | CN¥236.3m | CN¥339.5m | CN¥504.6m | CN¥762.5m | CN¥754.1m | CN¥730.6m | CN¥757.8m | CN¥832.9m | CN¥827.8m |
| Total liabilities | CN¥371.8m | CN¥155.8m | CN¥161.7m | CN¥215.3m | CN¥236.4m | CN¥257.3m | CN¥279.9m | CN¥288.0m | CN¥310.7m | CN¥367.0m |
| Debt | — | CN¥9.0m | CN¥3.0m | CN¥21.0m | CN¥54.1m | CN¥100.0m | CN¥93.0m | CN¥95.0m | CN¥88.0m | CN¥109.0m |
| Shareholders' equity | CN¥365.5m | CN¥486.4m | CN¥586.3m | CN¥641.2m | CN¥670.5m | CN¥651.4m | CN¥681.3m | CN¥665.6m | CN¥733.2m | CN¥729.2m |
| Shares outstanding | 184m | 186m | 186m | 186m | 186m | 186m | 185m | 186m | 186m | 186m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥226.7m | −CN¥84.8m | −CN¥3.7m | CN¥28.4m | −CN¥220.5m | −CN¥25.9m | −CN¥14.3m | CN¥31.0m | CN¥27.3m | CN¥105.5m |
| Capital spending | −CN¥50.3m | −CN¥3.1m | −CN¥2.3m | −CN¥6.0m | −CN¥10.8m | −CN¥9.3m | −CN¥3.7m | −CN¥4.8m | −CN¥2.8m | −CN¥6.7m |
| Free cash flow | −CN¥277.1m | −CN¥87.9m | −CN¥6.1m | CN¥22.5m | −CN¥231.3m | −CN¥35.2m | −CN¥18.0m | CN¥26.2m | CN¥24.5m | CN¥98.8m |
| Dividends paid | −CN¥664,569 | −CN¥580,595 | −CN¥2.1m | −CN¥1.4m | −CN¥2.4m | −CN¥3.8m | −CN¥4.3m | −CN¥3.7m | −CN¥16.4m | −CN¥6.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥107.7m | CN¥68.2m | CN¥149.6m | CN¥122.6m | CN¥49.2m | CN¥47.7m | CN¥32.6m | CN¥62.9m |
| Operating income | −CN¥26.2m | −CN¥40.7m | −CN¥148.4m | CN¥5.9m | −CN¥26.2m | CN¥2.5m | −CN¥65.5m | −CN¥33.4m |
| Net income | −CN¥9.1m | −CN¥16.7m | −CN¥101.9m | CN¥22.8m | −CN¥19.1m | CN¥7.2m | −CN¥61.2m | −CN¥30.5m |
| Diluted earnings per share | -0.05 | -0.09 | -0.55 | 0.12 | -0.10 | 0.04 | -0.33 | -0.16 |
| Cash from operations | — | — | — | −CN¥113.0m | — | −CN¥19.0m | — | −CN¥8.0m |
| Capital spending | −CN¥12.0m | −CN¥15.0m | −CN¥19.0m | −CN¥28.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥141.0m | — | −CN¥20.0m | — | −CN¥10.0m |
| Total assets | CN¥867.8m | CN¥888.4m | CN¥970.7m | CN¥1.12bn | CN¥963.0m | CN¥968.0m | CN¥962.9m | CN¥1.09bn |
| Cash and short-term investments | — | — | — | CN¥150.4m | CN¥208.0m | CN¥229.5m | CN¥236.3m | CN¥274.2m |
| Debt | — | — | — | CN¥59.6m | CN¥5.0m | CN¥8.1m | CN¥9.0m | CN¥5.0m |
| Shareholders' equity | CN¥339.6m | CN¥348.8m | CN¥365.5m | CN¥467.3m | CN¥469.6m | CN¥493.6m | CN¥486.4m | CN¥547.6m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -57.1% | -53.2% | -22.2% | -17.6% | 11.2% | -17.5% | — | — |
| Net margin | -24.6% | -47.4% | -19.4% | -11.0% | 6.2% | -9.7% | — | — |
| Return on equity | -24.9% | -20.5% | -8.0% | -4.6% | 2.9% | -4.6% | — | — |
| Return on assets | -9.4% | -10.4% | -4.2% | -2.4% | 1.5% | -2.3% | — | — |
| Free cash flow yield | -13.3% | -6.1% | -0.1% | 2.6% | -15.6% | -1.2% | — | — |
| Revenue growth | 75.3% | -12.7% | -9.5% | -13.6% | 0.6% | -32.7% | — | — |
| Earnings growth | -8.9% | 113.8% | 59.8% | -253.0% | -164.0% | -291.2% | — | — |
| Current ratio | 2.03x | 2.32x | 4.96x | 3.15x | 4.38x | 3.92x | — | — |
| Debt to equity | — | 0.02x | 0.01x | 0.03x | 0.08x | 0.15x | 0.14x | — |
| Equity ratio | 37.6% | 50.5% | 52.5% | 51.9% | 51.6% | 50.2% | — | — |
| Interest coverage | -316.83x | -192.86x | -23.72x | -33.59x | 13.71x | -13.68x | — | — |
| R&D as a share of sales | — | — | 1.0% | 0.9% | 0.7% | 0.7% | 0.6% | 0.5% |
| Buybacks as a share of market value | 1.1% | 0.0% | 0.1% | -0.1% | -0.1% | -0.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 3.8% | -6.2% |
| Operating income | 66.0% | 30.5% | — |
| Net income | 46.0% | 24.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -56.9% | -39.8% | -26.9% | -9.3% |
| Net margin | -32.9% | -24.5% | -16.3% | -5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.8 | -13.0 | -39.0 | -77.2 | 95.3 | -64.3 | 82.2 | -17.1 | 136.7 | -142.8 |
| Price to sales | 4.4 | 6.2 | 7.5 | 8.5 | 5.9 | 6.3 | 2.8 | 2.3 | 3.7 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jun 2017.
| FY2017 | FY2014 | |
|---|---|---|
| Paid in the year | 0.066 | 0.03 |
- 7-for-5 split · 22 May 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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