X 
5.49
+0.73%
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¥296.7m
FY2016FY2025
Net income
−CN¥40.3m
FY2016FY2025
Free cash flow
−CN¥40.2m
FY2016FY2025
Shareholders' equity
CN¥27.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥296.7m | CN¥341.6m | CN¥271.8m | CN¥196.7m | CN¥191.9m | CN¥195.5m | CN¥302.1m | CN¥260.4m | CN¥206.4m | CN¥223.7m |
| Research and development | CN¥5.7m | — | — | — | — | — | — | CN¥7.5m | CN¥5.7m | CN¥9.3m |
| Operating income | −CN¥34.4m | −CN¥16.3m | −CN¥12.5m | −CN¥9.8m | CN¥10.9m | CN¥4.3m | CN¥43.0m | −CN¥326.0m | CN¥37.3m | −CN¥92.9m |
| Net income | −CN¥40.3m | −CN¥15.7m | −CN¥18.6m | −CN¥9.7m | CN¥7.7m | −CN¥8.3m | CN¥51.9m | −CN¥340.1m | CN¥9.9m | −CN¥91.7m |
| Diluted earnings per share | -0.15 | -0.06 | -0.07 | -0.05 | 0.03 | -0.02 | 0.24 | -1.41 | 0.03 | -0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥426.0m | CN¥409.2m | CN¥337.2m | CN¥307.0m | CN¥343.5m | CN¥413.0m | CN¥472.7m | CN¥405.2m | CN¥747.9m | CN¥915.2m |
| Cash and short-term investments | — | CN¥118.1m | CN¥33.0m | CN¥22.4m | CN¥11.8m | CN¥12.6m | CN¥59.4m | CN¥41.3m | CN¥136.8m | CN¥154.1m |
| Total liabilities | CN¥397.7m | CN¥340.5m | CN¥252.7m | CN¥200.1m | CN¥186.8m | CN¥265.9m | CN¥400.7m | CN¥386.2m | CN¥397.1m | CN¥572.7m |
| Debt | — | CN¥125.8m | CN¥105.9m | CN¥33.1m | CN¥47.2m | CN¥52.4m | CN¥34.4m | CN¥151.7m | CN¥191.3m | CN¥249.4m |
| Shareholders' equity | CN¥27.0m | CN¥67.3m | CN¥83.0m | CN¥105.3m | CN¥155.9m | CN¥147.1m | CN¥72.0m | CN¥19.0m | CN¥350.8m | CN¥342.5m |
| Shares outstanding | 262m | 263m | 275m | 184m | 236m | 373m | 218m | 241m | 284m | 239m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥27.5m | CN¥89.8m | −CN¥22.3m | CN¥16.0m | −CN¥21.4m | CN¥5.5m | CN¥50.8m | −CN¥21.3m | −CN¥46.6m | CN¥29.3m |
| Capital spending | −CN¥12.6m | −CN¥26.7m | −CN¥9.3m | −CN¥12.7m | −CN¥14.0m | −CN¥46.3m | −CN¥37.7m | −CN¥34.9m | −CN¥8.1m | −CN¥5.9m |
| Free cash flow | −CN¥40.2m | CN¥63.1m | −CN¥31.6m | CN¥3.2m | −CN¥35.4m | −CN¥40.7m | CN¥13.1m | −CN¥56.2m | −CN¥54.6m | CN¥23.4m |
| Dividends paid | −CN¥6.2m | −CN¥6.2m | −CN¥5.8m | −CN¥3.5m | −CN¥2.5m | −CN¥15.2m | −CN¥7.7m | −CN¥9.7m | −CN¥15.0m | −CN¥21.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥101.9m | CN¥54.8m | CN¥83.3m | CN¥91.8m | CN¥91.5m | CN¥30.2m | CN¥113.5m | CN¥115.0m |
| Operating income | −CN¥323,381 | −CN¥16.9m | −CN¥7.0m | −CN¥13.2m | −CN¥3.7m | −CN¥13.8m | CN¥1.6m | −CN¥2.1m |
| Net income | −CN¥3.0m | −CN¥15.7m | −CN¥8.4m | −CN¥12.9m | −CN¥3.4m | −CN¥15.6m | −CN¥608,530 | −CN¥1.2m |
| Diluted earnings per share | -0.01 | -0.06 | -0.03 | -0.05 | -0.01 | -0.06 | -0.00 | -0.00 |
| Cash from operations | — | — | — | −CN¥34.0m | −CN¥43.0m | −CN¥38.0m | — | — |
| Capital spending | −CN¥1.0m | −CN¥1.0m | −CN¥2.0m | −CN¥1.0m | −CN¥4.0m | −CN¥7.0m | −CN¥17.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥35.0m | −CN¥47.0m | −CN¥45.0m | — | — |
| Total assets | CN¥353.3m | CN¥327.4m | CN¥426.0m | CN¥399.2m | CN¥330.7m | CN¥284.3m | CN¥409.2m | CN¥392.5m |
| Cash and short-term investments | — | — | — | CN¥24.7m | CN¥28.6m | CN¥62.0m | CN¥118.1m | CN¥65.7m |
| Debt | CN¥520,000 | — | — | CN¥175.4m | CN¥129.1m | CN¥117.3m | CN¥125.3m | CN¥130.7m |
| Shareholders' equity | CN¥8.6m | CN¥11.7m | CN¥27.0m | CN¥35.4m | CN¥48.4m | CN¥51.7m | CN¥67.3m | CN¥67.9m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -11.7% | -2.8% | -4.6% | -3.2% | 5.7% | 2.2% | — | — | — | — | — | — |
| Net margin | -13.6% | -4.6% | -6.8% | -4.9% | 4.0% | -4.2% | — | — | — | — | — | — |
| Return on equity | -149.3% | -23.4% | -22.4% | -9.2% | 4.9% | -5.6% | — | — | — | — | — | — |
| Return on assets | -9.5% | -3.8% | -5.5% | -3.2% | 2.2% | -2.0% | — | — | — | — | — | — |
| Free cash flow yield | -1.0% | 8.1% | -0.9% | 2.8% | -0.6% | 2.5% | — | — | — | — | — | — |
| Revenue growth | -13.2% | 25.7% | 38.1% | 2.5% | -1.8% | -35.3% | — | — | — | — | — | — |
| Earnings growth | 156.1% | -15.3% | 91.4% | -226.6% | -192.4% | -116.0% | — | — | — | — | — | — |
| Current ratio | 0.74x | 0.80x | 0.86x | 0.85x | 1.01x | 0.90x | — | — | — | — | — | — |
| Debt to equity | — | 1.86x | 1.28x | 0.31x | 0.30x | 0.30x | -1.61x | — | — | — | — | — |
| Equity ratio | 6.3% | 16.4% | 24.6% | 34.3% | 45.4% | 35.6% | — | — | — | — | — | — |
| Interest coverage | -5.54x | -1.45x | -2.06x | -1.71x | 4.37x | 0.36x | — | — | — | — | — | — |
| R&D as a share of sales | 1.9% | — | — | — | — | — | — | 2.9% | 2.8% | 4.1% | 7.8% | 6.4% |
| Buybacks as a share of market value | 0.2% | 4.6% | -49.8% | 22.2% | 36.7% | -70.9% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.7% | 8.7% | 0.6% |
| Operating income | 52.2% | — | -15.7% |
| Net income | 60.7% | 37.2% | -14.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.9% | -6.6% | -3.9% | -21.2% |
| Net margin | -8.8% | -7.6% | -5.7% | -23.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -48.1 | -82.3 | -103.4 | -134.6 | 175.3 | -276.5 | 24.2 | -3.2 | 259.5 | -52.4 |
| Price to sales | 6.5 | 3.8 | 7.1 | 6.6 | 7.0 | 11.7 | 4.2 | 4.1 | 12.4 | 21.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.025 | 0.03 | 0.003 | 0.10 | 0.05 |
- 2-for-1 split · 19 Jun 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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