E 
2.11
-0.94%
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¥663.5m
FY2016FY2025
Net income
CN¥34.1m
FY2016FY2025
Free cash flow
−CN¥81.3m
FY2016FY2025
Shareholders' equity
CN¥339.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥663.5m | CN¥737.4m | CN¥787.2m | CN¥1.19bn | CN¥2.08bn | CN¥2.22bn | CN¥2.98bn | CN¥4.00bn | CN¥4.20bn | CN¥4.05bn |
| Gross profit | CN¥110.4m | CN¥114.2m | CN¥62.0m | CN¥60.6m | CN¥94.8m | CN¥179.1m | CN¥316.2m | CN¥422.2m | CN¥501.7m | CN¥656.0m |
| Research and development | CN¥28.4m | CN¥22.0m | CN¥18.8m | CN¥30.1m | CN¥46.4m | CN¥71.3m | CN¥94.1m | CN¥167.0m | CN¥120.2m | CN¥78.1m |
| Operating income | — | −CN¥194.0m | −CN¥240.5m | −CN¥348.9m | −CN¥495.9m | −CN¥777.8m | CN¥290.0m | −CN¥3.86bn | −CN¥674.5m | CN¥352.2m |
| Net income | CN¥34.1m | −CN¥199.3m | −CN¥228.6m | −CN¥368.6m | −CN¥529.5m | −CN¥596.1m | CN¥264.0m | −CN¥3.97bn | −CN¥971.4m | CN¥31.7m |
| Diluted earnings per share | 0.02 | -0.11 | -0.13 | -0.21 | -0.31 | -0.34 | 0.15 | -2.22 | -0.59 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.15bn | CN¥1.24bn | CN¥1.83bn | CN¥2.68bn | CN¥3.43bn | CN¥4.06bn | CN¥5.40bn | CN¥7.67bn | CN¥13.94bn | CN¥13.53bn |
| Cash and short-term investments | — | CN¥153.1m | CN¥268.4m | CN¥390.6m | CN¥385.9m | CN¥435.9m | CN¥905.0m | CN¥1.16bn | CN¥3.33bn | CN¥2.22bn |
| Total liabilities | CN¥755.7m | CN¥850.8m | CN¥1.28bn | CN¥1.41bn | CN¥1.86bn | CN¥2.11bn | CN¥2.73bn | CN¥5.23bn | CN¥7.49bn | CN¥7.71bn |
| Debt | CN¥14.4m | CN¥72.6m | CN¥97.6m | CN¥110.4m | CN¥60.5m | CN¥596.8m | CN¥22.4m | CN¥2.21bn | CN¥4.49bn | CN¥5.08bn |
| Shareholders' equity | CN¥339.4m | CN¥198.0m | CN¥381.2m | CN¥1.10bn | CN¥1.41bn | CN¥1.77bn | CN¥2.49bn | CN¥2.25bn | CN¥6.18bn | CN¥5.36bn |
| Shares outstanding | 1,745m | 1,737m | 1,751m | 1,749m | 1,730m | 1,767m | 1,765m | 1,788m | 1,641m | 1,391m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥68.8m | −CN¥81.1m | −CN¥81.3m | −CN¥51.0m | −CN¥111.2m | −CN¥394.6m | CN¥522.2m | CN¥995.4m | CN¥505.1m | CN¥1.22bn |
| Capital spending | −CN¥12.5m | −CN¥37.1m | −CN¥23.1m | −CN¥38.5m | −CN¥60.9m | −CN¥69.3m | −CN¥161.4m | −CN¥577.0m | −CN¥671.2m | −CN¥640.0m |
| Free cash flow | −CN¥81.3m | −CN¥118.2m | −CN¥104.4m | −CN¥89.5m | −CN¥172.1m | −CN¥463.9m | CN¥360.9m | CN¥418.5m | −CN¥166.1m | CN¥584.5m |
| Dividends paid | −CN¥3.1m | −CN¥2.6m | −CN¥3.7m | −CN¥1.3m | −CN¥27,394 | −CN¥670,144 | −CN¥90.9m | −CN¥207.3m | −CN¥275.0m | −CN¥273.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥163.4m | CN¥135.3m | CN¥176.9m | CN¥179.1m | CN¥157.2m | CN¥150.2m | CN¥191.2m | CN¥211.3m |
| Gross profit | CN¥26.2m | CN¥15.1m | CN¥30.8m | CN¥31.4m | CN¥23.9m | CN¥24.3m | CN¥14.1m | CN¥44.8m |
| Operating income | −CN¥17.6m | −CN¥15.7m | −CN¥20.2m | CN¥109.3m | −CN¥11.5m | CN¥3.0m | −CN¥147.1m | −CN¥6.6m |
| Net income | −CN¥13.9m | CN¥9.3m | −CN¥56.1m | CN¥103.2m | −CN¥13.9m | CN¥825,560 | −CN¥148.5m | −CN¥10.5m |
| Diluted earnings per share | -0.01 | 0.01 | -0.03 | 0.06 | -0.01 | 0.00 | -0.09 | -0.01 |
| Cash from operations | — | — | — | −CN¥65.0m | −CN¥32.0m | CN¥11.0m | — | −CN¥2.0m |
| Capital spending | −CN¥5.0m | −CN¥2.0m | — | −CN¥4.0m | −CN¥3.0m | −CN¥3.0m | −CN¥28.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥69.0m | −CN¥35.0m | CN¥8.0m | — | −CN¥4.0m |
| Total assets | CN¥1.13bn | CN¥1.12bn | CN¥1.15bn | CN¥1.21bn | CN¥1.15bn | CN¥1.17bn | CN¥1.24bn | CN¥1.38bn |
| Cash and short-term investments | — | — | — | CN¥168.0m | CN¥200.7m | CN¥154.8m | CN¥153.1m | CN¥130.1m |
| Debt | CN¥12.5m | CN¥12.9m | CN¥14.4m | CN¥164.0m | CN¥56.7m | CN¥56.9m | CN¥55.7m | CN¥50.8m |
| Shareholders' equity | CN¥303.3m | CN¥332.5m | CN¥339.4m | CN¥369.2m | CN¥269.0m | CN¥194.9m | CN¥198.0m | CN¥321.5m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.0% | 15.5% | 7.9% | 5.1% | 4.6% | 8.1% |
| Operating margin | 7.1% | -26.3% | -30.4% | -30.9% | -25.4% | -26.2% |
| Net margin | 5.1% | -27.0% | -29.0% | -31.1% | -25.5% | -26.9% |
| Return on equity | 10.0% | -100.6% | -60.0% | -33.6% | -37.7% | -33.6% |
| Return on assets | 3.0% | -16.1% | -12.5% | -13.8% | -15.4% | -14.7% |
| Free cash flow yield | -1.3% | -1.0% | -1.4% | -0.3% | -1.2% | -7.5% |
| Revenue growth | -10.0% | -6.3% | -33.6% | -43.0% | -6.2% | -25.6% |
| Earnings growth | -117.1% | -12.8% | -38.0% | -30.4% | -11.2% | -325.8% |
| Current ratio | 0.86x | 0.65x | 0.52x | 0.59x | 0.75x | 0.81x |
| Debt to equity | 0.04x | 0.28x | 0.19x | 0.06x | 0.07x | 0.34x |
| Equity ratio | 29.5% | 16.0% | 20.8% | 41.0% | 41.0% | 43.6% |
| Interest coverage | 7.82x | -44.12x | -40.15x | -101.62x | -125.41x | -210.91x |
| R&D as a share of sales | 4.3% | 3.0% | 2.4% | 2.5% | 2.2% | 3.2% |
| Buybacks as a share of market value | -0.4% | 0.8% | -0.1% | -1.1% | 2.1% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.6% | -21.4% | -17.4% |
| Net income | — | — | 5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.0% | 10.3% | 8.1% | 11.8% |
| Net margin | -11.8% | -22.6% | -24.6% | -23.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 126.9 | -14.6 | -10.5 | -7.0 | -6.4 | -3.7 | 13.0 | -1.0 | -7.4 | 252.2 |
| Price to sales | 6.5 | 3.9 | 3.0 | 2.2 | 1.6 | 1.0 | 1.1 | 1.0 | 1.7 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2015.
| FY2015 | FY2012 | FY2005 | |
|---|---|---|---|
| Paid in the year | 0.03 | 0.05 | 0.156 |
- 2-for-1 split · 24 May 2012
- 2-for-1 split · 21 Apr 2008
- 8-for-5 split · 13 Jul 2006
- 1-to-1 reverse split · 4 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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