B 
37.81
-0.16%
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¥434.4m
FY2016FY2025
Net income
CN¥9.3m
FY2016FY2025
Free cash flow
−CN¥134.9m
FY2016FY2025
Shareholders' equity
CN¥719.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥434.4m | CN¥381.4m | CN¥429.0m | CN¥656.9m | CN¥655.1m | CN¥721.7m | CN¥528.8m | CN¥493.6m | CN¥519.0m | CN¥404.2m |
| Gross profit | CN¥113.5m | CN¥95.9m | CN¥110.5m | CN¥202.9m | CN¥189.4m | CN¥188.2m | CN¥151.7m | CN¥122.7m | CN¥96.8m | CN¥97.8m |
| Research and development | CN¥12.1m | CN¥12.5m | CN¥10.9m | CN¥9.7m | CN¥8.3m | CN¥11.5m | CN¥10.5m | CN¥15.0m | CN¥7.5m | — |
| Operating income | −CN¥1.7m | CN¥5.6m | CN¥21.3m | CN¥59.8m | CN¥78.3m | CN¥79.9m | CN¥50.0m | CN¥8.2m | CN¥17.1m | CN¥6.8m |
| Net income | CN¥9.3m | CN¥10.8m | CN¥21.1m | CN¥51.4m | CN¥65.9m | CN¥67.7m | CN¥42.9m | CN¥9.5m | CN¥20.4m | CN¥19.6m |
| Diluted earnings per share | 0.13 | 0.15 | 0.29 | 0.70 | 0.90 | 1.23 | 0.84 | 0.18 | 0.31 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥855.4m | CN¥929.9m | CN¥850.8m | CN¥886.6m | CN¥577.0m | CN¥497.9m | CN¥376.9m | CN¥362.2m | CN¥391.3m | CN¥380.6m |
| Cash and short-term investments | — | CN¥361.6m | CN¥542.8m | CN¥561.9m | CN¥230.4m | CN¥119.5m | CN¥60.6m | CN¥26.4m | CN¥66.6m | CN¥44.1m |
| Total liabilities | CN¥135.4m | CN¥203.8m | CN¥84.8m | CN¥145.9m | CN¥212.8m | CN¥198.7m | CN¥208.2m | CN¥215.1m | CN¥236.0m | CN¥247.7m |
| Debt | — | CN¥7.5m | CN¥3.8m | CN¥17.7m | CN¥10.1m | CN¥57.0m | CN¥30.0m | CN¥70.1m | CN¥75.0m | CN¥30.0m |
| Shareholders' equity | CN¥719.4m | CN¥721.7m | CN¥760.4m | CN¥739.6m | CN¥363.2m | CN¥297.3m | CN¥165.6m | CN¥147.1m | CN¥155.3m | CN¥133.0m |
| Shares outstanding | 73m | 73m | 74m | 74m | 74m | 55m | 51m | 52m | 66m | 38m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥50.6m | CN¥42.8m | CN¥41.9m | CN¥12.0m | CN¥115.8m | CN¥36.7m | CN¥50.0m | −CN¥39.3m | −CN¥13.3m | CN¥126.5m |
| Capital spending | −CN¥185.5m | −CN¥169.0m | −CN¥56.4m | −CN¥3.9m | −CN¥1.3m | −CN¥12.9m | −CN¥5.7m | −CN¥3.1m | −CN¥4.4m | −CN¥1.3m |
| Free cash flow | −CN¥134.9m | −CN¥126.1m | −CN¥14.5m | CN¥8.1m | CN¥114.5m | CN¥23.7m | CN¥44.3m | −CN¥42.4m | −CN¥17.7m | CN¥125.2m |
| Dividends paid | −CN¥11.6m | −CN¥29.2m | — | — | — | −CN¥29.4m | −CN¥22.2m | −CN¥12.8m | −CN¥1.9m | −CN¥1.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥120.1m | CN¥145.6m | CN¥147.5m | CN¥81.9m | CN¥96.7m | CN¥108.2m | CN¥119.0m | CN¥57.9m |
| Gross profit | CN¥33.3m | CN¥37.8m | CN¥34.8m | CN¥25.0m | CN¥26.1m | CN¥27.5m | CN¥19.5m | CN¥15.5m |
| Operating income | −CN¥514,282 | CN¥4.7m | CN¥2.9m | −CN¥3.8m | CN¥1.9m | CN¥1.2m | −CN¥1.2m | −CN¥10.0m |
| Net income | CN¥1.2m | CN¥5.3m | CN¥5.2m | −CN¥760,385 | CN¥2.8m | CN¥2.1m | CN¥733,787 | −CN¥6.0m |
| Diluted earnings per share | 0.02 | 0.07 | 0.07 | -0.01 | 0.04 | 0.03 | 0.01 | -0.08 |
| Cash from operations | — | — | — | — | CN¥4.0m | CN¥7.0m | CN¥28.0m | −CN¥9.0m |
| Capital spending | −CN¥9.0m | −CN¥24.0m | −CN¥32.0m | — | −CN¥68.0m | −CN¥32.0m | −CN¥93.0m | −CN¥41.0m |
| Free cash flow | — | — | — | — | −CN¥64.0m | −CN¥25.0m | −CN¥65.0m | −CN¥50.0m |
| Total assets | CN¥850.3m | CN¥855.5m | CN¥855.4m | CN¥838.8m | CN¥882.4m | CN¥935.5m | CN¥929.9m | CN¥802.5m |
| Cash and short-term investments | — | — | — | CN¥208.9m | CN¥257.1m | CN¥334.4m | CN¥361.6m | CN¥429.0m |
| Debt | — | — | — | CN¥3.7m | CN¥8.9m | CN¥3.1m | CN¥4.0m | CN¥241,809 |
| Shareholders' equity | CN¥720.6m | CN¥726.7m | CN¥719.4m | CN¥714.2m | CN¥715.0m | CN¥723.8m | CN¥721.7m | CN¥721.0m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 26.1% | 25.1% | 25.8% | 30.9% | 28.9% | 26.1% | — |
| Operating margin | -0.4% | 1.6% | 5.3% | 9.7% | 12.5% | 11.2% | — |
| Net margin | 2.1% | 2.8% | 4.9% | 7.8% | 10.1% | 9.4% | — |
| Return on equity | 1.3% | 1.5% | 2.8% | 7.0% | 18.1% | 22.8% | — |
| Return on assets | 1.1% | 1.2% | 2.5% | 5.8% | 11.4% | 13.6% | — |
| Free cash flow yield | 8.5% | 7.7% | 3.5% | 0.6% | 4.2% | 2.4% | — |
| Revenue growth | 13.9% | -11.1% | -34.7% | 0.3% | -9.2% | 36.5% | — |
| Earnings growth | -14.0% | -48.7% | -59.0% | -22.0% | -2.7% | 57.7% | — |
| Current ratio | 3.46x | 3.08x | 9.16x | 5.96x | 2.54x | 2.24x | — |
| Debt to equity | — | 0.01x | 0.00x | 0.02x | 0.14x | 0.19x | 0.18x |
| Equity ratio | 84.1% | 77.6% | 89.4% | 83.4% | 62.9% | 59.7% | — |
| Interest coverage | — | 43.25x | 68.47x | 138.05x | 124.36x | 120.49x | 23.33x |
| R&D as a share of sales | 2.8% | 3.3% | 2.5% | 1.5% | 1.3% | 1.6% | — |
| Buybacks as a share of market value | -1.0% | 1.1% | -0.0% | 0.0% | -33.5% | -7.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.9% | -9.7% | 0.5% |
| Net income | -43.4% | -32.8% | 4.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.7% | 27.5% | 27.5% | 25.9% |
| Operating margin | 0.5% | 4.5% | 7.4% | 5.8% |
| Net margin | 2.5% | 4.9% | 6.9% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 236.8 | 145.2 | 98.8 | 39.3 |
| Price to sales | 5.1 | 4.1 | 4.9 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 26 May 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.16 | 0.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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