Y 
5.80
-2.19%
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¥512.8m
FY2016FY2025
Net income
−CN¥24.9m
FY2016FY2025
Free cash flow
CN¥140.5m
FY2016FY2025
Shareholders' equity
CN¥1.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥512.8m | CN¥603.5m | CN¥602.9m | CN¥584.2m | CN¥392.3m | CN¥267.7m | CN¥682.2m | CN¥759.6m | CN¥675.4m | CN¥1.01bn |
| Research and development | CN¥217,012 | CN¥9,832 | CN¥605,852 | CN¥1.0m | CN¥752,803 | CN¥3.4m | CN¥3.8m | CN¥5.1m | CN¥3.4m | CN¥3.3m |
| Operating income | −CN¥39.9m | −CN¥109.9m | −CN¥483,662 | −CN¥2.6m | CN¥3.9m | −CN¥58.5m | CN¥250.6m | −CN¥50.7m | −CN¥230.1m | CN¥164.1m |
| Net income | −CN¥24.9m | −CN¥87.7m | CN¥9.1m | CN¥11.0m | −CN¥73.5m | −CN¥94.3m | CN¥35.9m | −CN¥255.4m | −CN¥436.0m | CN¥33.4m |
| Diluted earnings per share | -0.14 | -0.48 | 0.05 | 0.06 | -0.40 | -0.51 | 0.19 | -1.39 | -2.36 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.84bn | CN¥2.96bn | CN¥3.23bn | CN¥2.79bn | CN¥2.34bn | CN¥2.97bn | CN¥3.61bn | CN¥3.56bn | CN¥3.32bn | CN¥3.44bn |
| Cash and short-term investments | — | CN¥380.0m | CN¥426.0m | CN¥189.2m | CN¥113.4m | CN¥392.7m | CN¥93.3m | CN¥314.1m | CN¥480.8m | CN¥261.5m |
| Total liabilities | CN¥1.43bn | CN¥2.77bn | CN¥2.94bn | CN¥2.47bn | CN¥2.11bn | CN¥2.64bn | CN¥3.17bn | CN¥3.21bn | CN¥2.75bn | CN¥2.44bn |
| Debt | CN¥40.0m | CN¥1.17bn | CN¥1.26bn | CN¥1.28bn | CN¥1.22bn | CN¥1.59bn | CN¥2.27bn | CN¥2.12bn | CN¥1.71bn | CN¥1.57bn |
| Shareholders' equity | CN¥1.29bn | −CN¥42.8m | CN¥35.8m | CN¥51.0m | CN¥39.4m | CN¥101.4m | CN¥197.5m | CN¥158.5m | CN¥413.9m | CN¥850.0m |
| Shares outstanding | 184m | 184m | 184m | 185m | 184m | 184m | 184m | 184m | 185m | 184m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥140.6m | CN¥157.3m | CN¥272.7m | CN¥30.4m | CN¥81.7m | CN¥114.5m | −CN¥106.3m | −CN¥183.4m | CN¥99.0m | −CN¥523.1m |
| Capital spending | −CN¥178,485 | −CN¥662,813 | −CN¥359,522 | −CN¥922,376 | −CN¥13.0m | −CN¥3.4m | −CN¥10.7m | −CN¥8.3m | −CN¥5.2m | −CN¥10.0m |
| Free cash flow | CN¥140.5m | CN¥156.6m | CN¥272.4m | CN¥29.5m | CN¥68.7m | CN¥111.1m | −CN¥117.0m | −CN¥191.7m | CN¥93.8m | −CN¥533.1m |
| Dividends paid | −CN¥4.7m | −CN¥35.4m | −CN¥59.0m | −CN¥38.9m | −CN¥79.8m | −CN¥123.7m | −CN¥165.5m | −CN¥147.2m | −CN¥96.8m | −CN¥73.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥151.5m | CN¥137.0m | CN¥294.4m | CN¥125.0m | CN¥17.1m | CN¥76.2m | CN¥295.2m | CN¥71.4m |
| Operating income | CN¥22.4m | CN¥7.5m | CN¥15.1m | −CN¥10.2m | −CN¥52.6m | −CN¥1.5m | −CN¥62.0m | −CN¥8.0m |
| Net income | CN¥38.8m | CN¥14.4m | CN¥44.2m | −CN¥8.3m | −CN¥59.6m | −CN¥1.1m | −CN¥58.1m | −CN¥15.1m |
| Diluted earnings per share | 0.21 | 0.08 | 0.24 | -0.05 | -0.32 | -0.01 | -0.32 | -0.08 |
| Cash from operations | — | — | — | −CN¥46.0m | CN¥45.0m | −CN¥120.0m | CN¥55.0m | −CN¥86.0m |
| Total assets | CN¥2.77bn | CN¥2.70bn | CN¥2.84bn | CN¥3.07bn | CN¥3.55bn | CN¥2.71bn | CN¥2.96bn | CN¥2.83bn |
| Cash and short-term investments | — | — | — | CN¥712.3m | CN¥1.20bn | CN¥290.0m | CN¥380.0m | CN¥363.6m |
| Debt | CN¥30.0m | CN¥40.0m | CN¥40.0m | CN¥1.08bn | CN¥1.10bn | CN¥1.16bn | CN¥1.10bn | CN¥1.19bn |
| Shareholders' equity | CN¥1.34bn | CN¥1.30bn | CN¥1.29bn | −CN¥107.8m | −CN¥103.1m | −CN¥43.6m | −CN¥42.8m | CN¥15.0m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -1.6% | -11.3% | 10.1% | 10.1% | 1.0% | 3.3% |
| Net margin | -4.9% | -14.5% | 1.5% | 1.9% | -18.7% | -35.2% |
| Return on equity | -1.9% | 205.2% | 25.4% | 21.6% | -186.5% | -93.0% |
| Return on assets | -0.9% | -3.0% | 0.3% | 0.4% | -3.1% | -3.2% |
| Free cash flow yield | 12.3% | 13.8% | 23.9% | 2.7% | 8.3% | 10.3% |
| Revenue growth | -15.0% | 0.1% | 3.2% | 48.9% | 46.5% | -60.8% |
| Earnings growth | -71.6% | -1067.1% | -17.8% | -115.0% | -22.1% | -362.9% |
| Current ratio | 1.45x | 0.87x | 0.85x | 0.47x | 0.65x | 0.84x |
| Debt to equity | 0.03x | -26.87x | 34.67x | 24.92x | 30.68x | 15.58x |
| Equity ratio | 45.3% | -1.4% | 1.1% | 1.8% | 1.7% | 3.4% |
| Interest coverage | -0.25x | -1.54x | 0.94x | 0.94x | 0.04x | 0.06x |
| R&D as a share of sales | 0.0% | 0.0% | 0.1% | 0.2% | 0.2% | 1.3% |
| Buybacks as a share of market value | -0.0% | -0.2% | 0.5% | -0.1% | -0.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.3% | 13.9% | -4.9% |
| Operating income | 148.2% | -7.3% | — |
| Net income | — | -23.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13.4% | -6.6% | -7.0% | -0.3% |
| Net margin | -10.1% | -4.0% | -8.8% | -12.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -55.6 | -12.7 | 175.4 | 132.2 | -19.3 | -9.6 | 34.8 | -4.0 | -5.3 | 129.1 |
| Price to sales | 2.7 | 1.8 | 2.6 | 2.5 | 3.6 | 3.4 | 1.8 | 1.4 | 3.4 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 May 2009.
| FY2009 | |
|---|---|
| Paid in the year | 0.167 |
- 9-for-5 split · 15 May 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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