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10.02
+0.70%
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¥678.0m
FY2015FY2024
Net income
−CN¥249.1m
FY2015FY2024
Free cash flow
−CN¥27.8m
FY2015FY2024
Shareholders' equity
CN¥381.0m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥678.0m | CN¥358.1m | CN¥620.0m | CN¥1.15bn | CN¥871.5m | CN¥839.5m | CN¥789.2m | CN¥789.1m | CN¥600.7m | CN¥393.0m |
| Gross profit | CN¥208.4m | CN¥64.0m | CN¥112.4m | CN¥206.9m | CN¥235.8m | CN¥191.0m | CN¥169.6m | CN¥166.9m | CN¥143.4m | CN¥69.0m |
| Research and development | CN¥34.1m | CN¥25.8m | CN¥27.7m | CN¥43.2m | CN¥12.4m | CN¥13.6m | CN¥35.9m | CN¥36.2m | CN¥31.5m | CN¥35.2m |
| Operating income | −CN¥73.1m | −CN¥171.1m | −CN¥87.4m | CN¥23.4m | CN¥116.7m | CN¥58.0m | CN¥9.8m | CN¥45.7m | CN¥30.0m | −CN¥63.8m |
| Net income | −CN¥249.1m | −CN¥255.0m | −CN¥102.6m | CN¥8.6m | CN¥16.4m | CN¥4.2m | CN¥3.3m | CN¥21.2m | CN¥13.3m | −CN¥52.9m |
| Diluted earnings per share | -1.34 | -1.37 | -0.55 | 0.05 | 0.09 | 0.02 | 0.02 | 0.11 | 0.07 | -0.29 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.97bn | CN¥4.07bn | CN¥4.27bn | CN¥4.01bn | CN¥3.80bn | CN¥3.56bn | CN¥3.28bn | CN¥2.53bn | CN¥2.15bn | CN¥1.68bn |
| Cash and short-term investments | CN¥176.6m | CN¥142.1m | CN¥301.6m | CN¥78.2m | CN¥240.6m | CN¥288.8m | CN¥335.3m | CN¥232.3m | CN¥308.0m | CN¥342.5m |
| Total liabilities | CN¥3.46bn | CN¥3.30bn | CN¥3.33bn | CN¥2.96bn | CN¥2.77bn | CN¥2.54bn | CN¥2.20bn | CN¥1.40bn | CN¥1.18bn | CN¥718.1m |
| Debt | CN¥2.31bn | CN¥1.71bn | CN¥1.58bn | CN¥1.46bn | CN¥1.36bn | CN¥1.22bn | CN¥989.3m | CN¥506.5m | CN¥435.0m | CN¥479.0m |
| Shareholders' equity | CN¥381.0m | CN¥626.0m | CN¥770.5m | CN¥874.9m | CN¥864.5m | CN¥850.4m | CN¥935.4m | CN¥931.6m | CN¥915.7m | CN¥902.4m |
| Shares outstanding | 186m | 186m | 186m | 186m | 186m | 182m | 186m | 188m | 185m | 186m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥756,027 | −CN¥191.4m | CN¥56.1m | −CN¥77.0m | CN¥189.2m | CN¥108.2m | −CN¥89.9m | CN¥52.0m | CN¥283.7m | −CN¥62.2m |
| Capital spending | −CN¥27.0m | −CN¥44.5m | −CN¥25.4m | −CN¥36.1m | −CN¥56.3m | −CN¥49.8m | −CN¥69.6m | −CN¥35.6m | −CN¥105.0m | −CN¥16.6m |
| Free cash flow | −CN¥27.8m | −CN¥235.9m | CN¥30.7m | −CN¥113.1m | CN¥132.9m | CN¥58.5m | −CN¥159.5m | CN¥16.4m | CN¥178.7m | −CN¥78.8m |
| Dividends paid | −CN¥73.8m | −CN¥99.2m | −CN¥1.9m | −CN¥1.9m | −CN¥2.3m | −CN¥66.4m | −CN¥40.9m | −CN¥20.0m | −CN¥19.3m | −CN¥42.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥63.9m | CN¥106.0m | CN¥253.8m | CN¥162.6m | CN¥27.2m | CN¥298.0m | CN¥202.6m | CN¥124.4m |
| Gross profit | CN¥16.9m | CN¥13.5m | CN¥70.4m | CN¥62.6m | CN¥11.0m | CN¥99.7m | CN¥56.8m | CN¥29.8m |
| Operating income | −CN¥7.9m | −CN¥12.1m | CN¥9.2m | CN¥2.6m | −CN¥10.9m | −CN¥40.0m | CN¥13.6m | −CN¥25.8m |
| Net income | −CN¥66.4m | −CN¥34.2m | CN¥3.3m | CN¥6.2m | −CN¥31.5m | −CN¥218.3m | CN¥15.6m | −CN¥25.5m |
| Diluted earnings per share | -0.36 | -0.18 | 0.02 | 0.03 | -0.17 | -1.18 | 0.08 | -0.14 |
| Cash from operations | — | — | −CN¥42.0m | −CN¥19.0m | −CN¥10.0m | — | −CN¥46.0m | CN¥70.0m |
| Capital spending | — | −CN¥4.0m | −CN¥2.0m | −CN¥5.0m | −CN¥3.0m | −CN¥20.0m | −CN¥4.0m | — |
| Free cash flow | — | — | −CN¥44.0m | −CN¥24.0m | −CN¥13.0m | — | −CN¥50.0m | — |
| Total assets | CN¥3.63bn | CN¥3.75bn | CN¥4.01bn | CN¥4.04bn | CN¥3.99bn | CN¥3.97bn | CN¥4.06bn | CN¥4.07bn |
| Cash and short-term investments | — | — | CN¥91.2m | CN¥158.0m | CN¥132.1m | CN¥176.6m | CN¥87.8m | CN¥122.4m |
| Debt | CN¥916.7m | CN¥875.4m | CN¥833.4m | CN¥1.16bn | CN¥1.14bn | CN¥1.38bn | CN¥1.20bn | CN¥2.04bn |
| Shareholders' equity | CN¥190.2m | CN¥256.6m | CN¥359.8m | CN¥356.5m | CN¥349.5m | CN¥381.0m | CN¥600.6m | CN¥585.1m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 30.7% | 17.9% | 18.1% | 18.0% | 27.1% | 22.8% |
| Operating margin | — | -21.3% | -47.8% | 1.8% | 10.6% | 15.1% | 11.2% |
| Net margin | — | -36.7% | -71.2% | -16.6% | 0.7% | 1.9% | 0.5% |
| Return on equity | — | -65.4% | -40.7% | -13.3% | 1.0% | 1.9% | 0.5% |
| Return on assets | — | -6.3% | -6.3% | -2.4% | 0.2% | 0.4% | 0.1% |
| Free cash flow yield | — | 1.4% | -7.6% | 4.2% | -2.1% | 12.8% | 8.4% |
| Revenue growth | — | 89.4% | -42.2% | -46.1% | 32.0% | 3.8% | 6.4% |
| Earnings growth | — | -2.3% | 148.5% | -1294.0% | -47.7% | 290.6% | 25.8% |
| Current ratio | — | 0.55x | 0.60x | 0.57x | 0.56x | 0.57x | 0.63x |
| Debt to equity | — | 5.91x | 2.32x | 2.05x | 1.54x | 1.57x | 1.18x |
| Equity ratio | — | 9.6% | 15.4% | 18.1% | 21.8% | 22.7% | 23.9% |
| Interest coverage | — | -1.31x | -1.63x | 0.10x | 1.18x | 1.30x | 1.32x |
| R&D as a share of sales | — | 5.0% | 7.2% | 4.5% | 3.8% | 1.4% | 1.6% |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.3% | -0.4% | -2.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.2% | -4.2% | -1.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.3% | 21.1% | 22.5% | 22.4% |
| Operating margin | -23.6% | -11.0% | -3.0% | -0.4% |
| Net margin | -48.7% | -21.3% | -12.8% | -6.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.6 | -7.9 | -19.9 | 176.3 | 83.8 | 242.2 | 253.5 | 61.1 | 165.3 | -54.0 |
| Price to sales | 2.4 | 5.6 | 3.3 | 1.3 | 1.6 | 1.2 | 1.1 | 1.6 | 3.7 | 7.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2018 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.013 | 0.026 | 0.113 | 0.125 | 0.031 | 0.047 |
- 8-for-5 split · 10 Jun 2020
- 5-for-4 split · 22 May 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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