B 
26.39
+1.31%
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¥2.21bn
FY2016FY2025
Net income
−CN¥257.2m
FY2016FY2025
Free cash flow
CN¥169.6m
FY2016FY2025
Shareholders' equity
CN¥4.84bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.21bn | CN¥1.50bn | CN¥4.08bn | CN¥3.82bn | CN¥3.85bn | CN¥3.62bn | CN¥2.99bn | CN¥3.05bn | CN¥2.20bn | CN¥1.62bn |
| Research and development | CN¥370.9m | CN¥357.8m | CN¥486.3m | CN¥436.8m | CN¥256.6m | CN¥226.7m | CN¥219.8m | CN¥142.2m | CN¥94.6m | CN¥53.1m |
| Operating income | −CN¥131.8m | −CN¥417.8m | −CN¥487.9m | CN¥93.0m | CN¥109.0m | CN¥130.3m | −CN¥173.3m | CN¥113.6m | CN¥141.9m | CN¥86.6m |
| Net income | −CN¥257.2m | −CN¥349.7m | CN¥161.2m | CN¥145.3m | CN¥202.6m | CN¥146.6m | −CN¥651.2m | CN¥106.7m | CN¥104.9m | CN¥51.7m |
| Diluted earnings per share | -0.47 | -0.65 | 0.31 | 0.26 | 0.40 | 0.32 | -1.27 | 0.19 | 0.21 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.44bn | CN¥6.17bn | CN¥6.49bn | CN¥7.61bn | CN¥7.18bn | CN¥7.22bn | CN¥6.14bn | CN¥6.56bn | CN¥6.69bn | CN¥5.63bn |
| Cash and short-term investments | — | CN¥1.72bn | CN¥1.84bn | CN¥1.24bn | CN¥1.83bn | CN¥1.59bn | CN¥1.01bn | CN¥1.53bn | CN¥1.34bn | CN¥1.67bn |
| Total liabilities | CN¥1.38bn | CN¥915.5m | CN¥881.0m | CN¥2.80bn | CN¥2.50bn | CN¥2.57bn | CN¥2.55bn | CN¥2.30bn | CN¥2.09bn | CN¥1.15bn |
| Debt | CN¥9.9m | CN¥76.6m | CN¥24.9m | CN¥238.0m | CN¥260.3m | CN¥560.3m | CN¥936.1m | CN¥943.5m | CN¥579.6m | CN¥84.6m |
| Shareholders' equity | CN¥4.84bn | CN¥5.10bn | CN¥5.56bn | CN¥4.34bn | CN¥4.43bn | CN¥4.23bn | CN¥3.24bn | CN¥4.04bn | CN¥4.34bn | CN¥4.31bn |
| Shares outstanding | 543m | 538m | 526m | 556m | 509m | 465m | 513m | 554m | 503m | 488m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥393.2m | −CN¥77.9m | −CN¥213.0m | −CN¥238.7m | CN¥304.9m | CN¥425.9m | CN¥140.4m | CN¥254.2m | −CN¥25.4m | −CN¥41.9m |
| Capital spending | −CN¥223.6m | −CN¥178.2m | −CN¥322.2m | −CN¥364.0m | −CN¥442.4m | −CN¥323.0m | −CN¥291.6m | −CN¥233.2m | −CN¥255.3m | −CN¥111.3m |
| Free cash flow | CN¥169.6m | −CN¥256.1m | −CN¥535.2m | −CN¥602.7m | −CN¥137.5m | CN¥102.9m | −CN¥151.1m | CN¥21.1m | −CN¥280.7m | −CN¥153.2m |
| Dividends paid | −CN¥825,951 | −CN¥82.2m | −CN¥17.3m | −CN¥29.7m | −CN¥38.9m | −CN¥69.3m | −CN¥34.3m | −CN¥92.6m | −CN¥49.3m | −CN¥53.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥620.3m | CN¥615.1m | CN¥706.0m | CN¥614.5m | CN¥573.9m | CN¥318.2m | CN¥435.6m | CN¥374.7m |
| Operating income | CN¥14.6m | −CN¥2.3m | −CN¥124.5m | −CN¥8.4m | CN¥13.2m | −CN¥35.3m | −CN¥315.8m | −CN¥29.4m |
| Net income | CN¥27.3m | CN¥13.6m | −CN¥275.3m | CN¥16.7m | CN¥31.0m | −CN¥29.6m | −CN¥286.1m | −CN¥19.7m |
| Diluted earnings per share | 0.05 | 0.02 | -0.51 | 0.03 | 0.06 | -0.05 | -0.53 | -0.04 |
| Cash from operations | — | — | — | CN¥4.0m | CN¥208.0m | CN¥107.0m | CN¥11.0m | — |
| Capital spending | −CN¥35.0m | −CN¥36.0m | −CN¥91.0m | −CN¥66.0m | −CN¥39.0m | −CN¥26.0m | −CN¥54.0m | −CN¥64.0m |
| Free cash flow | — | — | — | −CN¥62.0m | CN¥169.0m | CN¥81.0m | −CN¥43.0m | — |
| Total assets | CN¥6.34bn | CN¥6.23bn | CN¥6.44bn | CN¥6.56bn | CN¥6.48bn | CN¥6.02bn | CN¥6.17bn | CN¥6.32bn |
| Cash and short-term investments | — | — | — | CN¥1.79bn | CN¥1.85bn | CN¥1.77bn | CN¥1.72bn | CN¥1.70bn |
| Debt | — | CN¥9.8m | CN¥9.9m | CN¥96.8m | CN¥15.1m | CN¥27.9m | CN¥56.4m | CN¥56.5m |
| Shareholders' equity | CN¥4.88bn | CN¥4.84bn | CN¥4.84bn | CN¥5.16bn | CN¥5.14bn | CN¥5.08bn | CN¥5.10bn | CN¥5.47bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -6.0% | -27.9% | -12.0% | 2.4% | 2.8% | 3.6% |
| Net margin | -11.6% | -23.3% | 3.9% | 3.8% | 5.3% | 4.0% |
| Return on equity | -5.3% | -6.9% | 2.9% | 3.4% | 4.6% | 3.5% |
| Return on assets | -4.0% | -5.7% | 2.5% | 1.9% | 2.8% | 2.0% |
| Free cash flow yield | 3.9% | 0.6% | 0.7% | 0.8% | 5.0% | 5.5% |
| Revenue growth | 47.7% | -63.3% | 7.0% | -0.9% | 6.2% | 21.3% |
| Earnings growth | -26.5% | -317.0% | 11.0% | -28.3% | 38.2% | -122.5% |
| Current ratio | 3.19x | 5.03x | 5.29x | 1.92x | 1.89x | 1.96x |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.05x | 0.06x | 0.11x |
| Equity ratio | 75.1% | 82.7% | 85.7% | 57.0% | 61.7% | 58.6% |
| Interest coverage | -26.53x | -95.02x | -22.60x | 2.79x | 3.52x | 2.48x |
| R&D as a share of sales | 16.8% | 23.9% | 11.9% | 11.4% | 6.7% | 6.3% |
| Buybacks as a share of market value | -0.9% | -2.2% | 5.2% | -9.1% | -9.5% | 9.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.6% | -9.4% | 7.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.8% | -8.1% | -3.7% | -1.7% |
| Net margin | -16.4% | -2.6% | 0.3% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -95.9 | -40.8 | 103.2 | 107.4 | 98.7 | 161.6 | -19.9 | 109.6 | 153.5 | 301.2 |
| Price to sales | 11.2 | 9.5 | 4.1 | 4.1 | 5.2 | 6.5 | 4.3 | 3.8 | 7.3 | 9.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2024.
| FY2024 | FY2022 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.059 | 0.07 | 0.07 | 0.05 | 0.10 | 0.067 | 0.077 |
- 3-for-2 split · 28 Apr 2016
- 6-for-5 split · 21 Jun 2012
- 3-for-2 split · 28 Apr 2011
- 17-for-10 split · 8 May 2008
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.