Y 
3.98
-0.25%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥351.1m
FY2016FY2025
Net income
−CN¥329.6m
FY2016FY2025
Free cash flow
−CN¥35.4m
FY2016FY2025
Shareholders' equity
CN¥1.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥351.1m | CN¥557.0m | CN¥719.3m | CN¥538.5m | CN¥1.42bn | CN¥1.81bn | CN¥2.88bn | CN¥2.95bn | CN¥2.03bn | CN¥1.46bn |
| Gross profit | −CN¥18.2m | −CN¥13.3m | CN¥23.1m | −CN¥6.1m | CN¥288.2m | CN¥448.2m | CN¥499.2m | CN¥708.6m | CN¥477.2m | CN¥383.5m |
| Research and development | CN¥11.9m | CN¥20.3m | CN¥53.4m | CN¥55.9m | CN¥49.8m | CN¥36.6m | CN¥36.7m | CN¥32.0m | — | CN¥17.7m |
| Operating income | −CN¥134.9m | −CN¥375.2m | −CN¥458.0m | −CN¥318.0m | −CN¥310.5m | CN¥156.0m | CN¥150.3m | CN¥970.4m | CN¥255.2m | CN¥162.5m |
| Net income | −CN¥329.6m | −CN¥28.1m | −CN¥426.7m | −CN¥281.2m | −CN¥325.6m | CN¥159.3m | CN¥94.7m | CN¥596.7m | CN¥71.6m | CN¥64.5m |
| Diluted earnings per share | -0.33 | -0.03 | -0.42 | -0.29 | -0.32 | 0.16 | 0.09 | 0.96 | 0.10 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.95bn | CN¥3.26bn | CN¥4.00bn | CN¥5.01bn | CN¥4.79bn | CN¥5.68bn | CN¥6.19bn | CN¥4.13bn | CN¥4.78bn | CN¥3.97bn |
| Cash and short-term investments | — | CN¥185.4m | CN¥638.0m | CN¥1.28bn | CN¥899.7m | CN¥1.32bn | CN¥1.24bn | CN¥243.6m | CN¥675.5m | CN¥348.8m |
| Total liabilities | CN¥1.87bn | CN¥1.78bn | CN¥2.43bn | CN¥2.97bn | CN¥2.50bn | CN¥3.12bn | CN¥3.64bn | CN¥2.01bn | CN¥2.92bn | CN¥2.12bn |
| Debt | CN¥462.1m | CN¥418.5m | CN¥460.7m | CN¥972.0m | CN¥1.15bn | CN¥1.80bn | CN¥1.31bn | CN¥634.9m | CN¥1.44bn | CN¥926.5m |
| Shareholders' equity | CN¥1.09bn | CN¥1.42bn | CN¥1.46bn | CN¥1.86bn | CN¥2.09bn | CN¥2.43bn | CN¥2.31bn | CN¥1.98bn | CN¥1.51bn | CN¥1.49bn |
| Shares outstanding | 1,011m | 1,007m | 1,013m | 981m | 1,002m | 1,016m | 1,013m | 622m | 730m | 730m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥31.2m | −CN¥165.8m | −CN¥157.2m | CN¥215.7m | −CN¥270.5m | CN¥48.6m | CN¥221.3m | CN¥69.0m | CN¥152.4m | −CN¥36.4m |
| Capital spending | −CN¥66.6m | −CN¥58.2m | −CN¥73.2m | −CN¥166.3m | −CN¥148.7m | −CN¥184.5m | −CN¥272.5m | −CN¥187.4m | −CN¥95.2m | −CN¥77.2m |
| Free cash flow | −CN¥35.4m | −CN¥224.0m | −CN¥230.4m | CN¥49.4m | −CN¥419.2m | −CN¥135.9m | −CN¥51.2m | −CN¥118.4m | CN¥57.2m | −CN¥113.6m |
| Dividends paid | −CN¥20.0m | −CN¥22.6m | −CN¥22.5m | −CN¥30.4m | −CN¥16.2m | −CN¥30.4m | −CN¥49.0m | −CN¥83.5m | −CN¥67.6m | −CN¥67.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −CN¥4.1m | CN¥59.0m | CN¥166.3m | CN¥68.1m | CN¥69.3m | CN¥47.4m | CN¥109.3m | CN¥146.8m |
| Gross profit | −CN¥74.1m | −CN¥4.4m | CN¥24.7m | −CN¥9.3m | −CN¥21.2m | −CN¥12.4m | −CN¥29.3m | CN¥848,514 |
| Operating income | −CN¥97.9m | −CN¥27.4m | −CN¥6.5m | −CN¥45.0m | −CN¥55.8m | −CN¥56.5m | −CN¥211.3m | −CN¥112.5m |
| Net income | −CN¥105.9m | −CN¥33.5m | −CN¥197.5m | −CN¥35.2m | −CN¥48.9m | −CN¥48.0m | −CN¥164.5m | CN¥182.4m |
| Diluted earnings per share | -0.10 | -0.03 | -0.20 | -0.03 | -0.05 | -0.05 | -0.16 | 0.18 |
| Cash from operations | — | — | — | CN¥45.0m | −CN¥11.0m | −CN¥20.0m | — | CN¥65.0m |
| Capital spending | — | −CN¥11.0m | −CN¥3.0m | −CN¥17.0m | −CN¥37.0m | −CN¥7.0m | −CN¥7.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥28.0m | −CN¥48.0m | −CN¥27.0m | — | CN¥62.0m |
| Total assets | CN¥2.79bn | CN¥2.90bn | CN¥2.95bn | CN¥3.19bn | CN¥3.22bn | CN¥3.22bn | CN¥3.26bn | CN¥3.56bn |
| Cash and short-term investments | — | — | — | CN¥114.0m | CN¥125.3m | CN¥153.1m | CN¥185.4m | CN¥289.0m |
| Debt | CN¥476.8m | CN¥460.3m | CN¥462.1m | CN¥21.8m | CN¥534.8m | CN¥444.0m | CN¥391.7m | CN¥452.4m |
| Shareholders' equity | CN¥952.0m | CN¥1.06bn | CN¥1.09bn | CN¥1.28bn | CN¥1.32bn | CN¥1.37bn | CN¥1.42bn | CN¥1.60bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -5.2% | -2.4% | 3.2% | -1.1% | 20.3% | 24.7% |
| Operating margin | -101.9% | -8.5% | -63.5% | -57.4% | -20.0% | 13.1% |
| Net margin | -93.9% | -5.0% | -59.3% | -52.2% | -23.0% | 8.8% |
| Return on equity | -30.2% | -2.0% | -29.2% | -15.1% | -15.6% | 6.6% |
| Return on assets | -11.2% | -0.9% | -10.7% | -5.6% | -6.8% | 2.8% |
| Free cash flow yield | 2.3% | -2.6% | -2.0% | 9.4% | -2.9% | 5.6% |
| Revenue growth | -37.0% | -22.6% | 33.6% | -62.0% | -21.8% | -37.0% |
| Earnings growth | 1073.0% | -93.4% | 51.8% | -13.7% | -304.4% | 68.3% |
| Current ratio | 0.50x | 0.49x | 0.78x | 0.98x | 1.19x | 1.28x |
| Debt to equity | 0.42x | 0.28x | 0.29x | 0.47x | 0.47x | 0.66x |
| Equity ratio | 36.9% | 43.6% | 36.4% | 37.2% | 43.6% | 42.8% |
| Interest coverage | -10.18x | -1.20x | -14.97x | -8.21x | -4.17x | 3.00x |
| R&D as a share of sales | 3.4% | 3.6% | 7.4% | 10.4% | 3.5% | 2.0% |
| Buybacks as a share of market value | -0.4% | 0.6% | -3.3% | 2.1% | 1.3% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.3% | -28.0% | -13.1% |
| Operating income | -24.9% | — | — |
| Net income | 5.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -3.5% | -0.7% | 13.4% | 20.2% |
| Operating margin | -56.2% | -59.4% | -26.7% | 1.4% |
| Net margin | -39.4% | -49.2% | -22.8% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.5 | -193.1 | -13.3 | -28.0 | -18.5 | 30.1 | 53.4 | 5.4 | 75.7 | 135.5 |
| Price to sales | 15.5 | 9.7 | 7.9 | 14.6 | 4.3 | 2.6 | 1.8 | 1.1 | 2.7 | 6.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.016 | 0.03 | 0.067 | 0.01 | 0.02 | 0.02 | 0.025 | 0.025 |
- 2-for-1 split · 14 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.