C 
1.63
-0.61%
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¥332.7m
FY2016FY2025
Net income
−CN¥55.4m
FY2016FY2025
Free cash flow
−CN¥46.9m
FY2016FY2025
Shareholders' equity
CN¥76.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥332.7m | CN¥295.5m | CN¥190.6m | CN¥130.4m | CN¥317.2m | CN¥272.0m | CN¥93.1m | CN¥81.7m | CN¥96.7m | CN¥100.3m |
| Research and development | — | — | CN¥544,420 | CN¥1.7m | CN¥4.1m | CN¥3.5m | — | — | CN¥954,760 | CN¥2.3m |
| Operating income | −CN¥6.1m | −CN¥44.6m | −CN¥70.1m | −CN¥19.7m | CN¥11.4m | −CN¥9.1m | −CN¥35.4m | CN¥9.5m | −CN¥15.9m | −CN¥49.8m |
| Net income | −CN¥55.4m | −CN¥33.3m | −CN¥60.6m | −CN¥21.8m | CN¥4.7m | −CN¥11.4m | −CN¥35.7m | CN¥8.0m | −CN¥18.3m | −CN¥54.1m |
| Diluted earnings per share | -0.07 | -0.04 | -0.07 | -0.03 | 0.01 | -0.01 | -0.04 | 0.01 | -0.01 | -0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥890.8m | CN¥844.2m | CN¥678.3m | CN¥197.7m | CN¥184.8m | CN¥216.0m | CN¥86.5m | CN¥91.3m | CN¥101.4m | CN¥112.5m |
| Cash and short-term investments | — | CN¥9.8m | CN¥37.8m | CN¥105.3m | CN¥88.3m | CN¥118.7m | CN¥23.0m | CN¥36.6m | CN¥28.9m | CN¥20.4m |
| Total liabilities | CN¥747.3m | CN¥748.7m | CN¥521.8m | CN¥130.3m | CN¥95.7m | CN¥175.2m | CN¥77.7m | CN¥67.1m | CN¥85.7m | CN¥144.2m |
| Debt | — | CN¥29.9m | CN¥13.4m | CN¥4.3m | CN¥1.2m | CN¥82.9m | CN¥1.0m | — | — | — |
| Shareholders' equity | CN¥76.7m | −CN¥18.0m | CN¥25.3m | CN¥67.5m | CN¥89.3m | CN¥41.1m | CN¥9.3m | CN¥23.8m | CN¥15.2m | −CN¥32.1m |
| Shares outstanding | 816m | 818m | 821m | 808m | 819m | 839m | 796m | 811m | 1,268m | 691m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥41.7m | CN¥25.2m | CN¥8.0m | −CN¥23.8m | −CN¥39.2m | CN¥14.7m | −CN¥16.9m | CN¥18.9m | −CN¥10.0m | −CN¥18.1m |
| Capital spending | −CN¥5.2m | −CN¥47.5m | −CN¥299.5m | −CN¥2.1m | −CN¥721,846 | −CN¥1.6m | −CN¥3.9m | −CN¥4.4m | −CN¥415,003 | −CN¥1.0m |
| Free cash flow | −CN¥46.9m | −CN¥22.3m | −CN¥291.5m | −CN¥25.9m | −CN¥39.9m | CN¥13.1m | −CN¥20.8m | CN¥14.5m | −CN¥10.5m | −CN¥19.2m |
| Dividends paid | −CN¥2.3m | −CN¥9.6m | −CN¥1.6m | −CN¥75,543 | −CN¥105,083 | −CN¥15,226 | −CN¥15,077 | −CN¥15,076 | −CN¥15,076 | −CN¥318,738 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥70.4m | CN¥26.4m | CN¥233.7m | CN¥29.6m | CN¥71.3m | CN¥99.6m | CN¥184.0m | CN¥44.5m |
| Operating income | −CN¥7.3m | −CN¥7.2m | CN¥17.7m | −CN¥9.5m | −CN¥7.0m | −CN¥7.5m | CN¥1.1m | −CN¥12.7m |
| Net income | −CN¥11.8m | −CN¥7.3m | −CN¥35.2m | −CN¥7.1m | −CN¥6.6m | −CN¥6.4m | CN¥5.3m | −CN¥10.3m |
| Diluted earnings per share | -0.01 | -0.01 | -0.04 | -0.01 | -0.01 | -0.01 | 0.01 | -0.01 |
| Cash from operations | — | — | — | −CN¥3.0m | −CN¥26.0m | −CN¥11.0m | — | −CN¥13.0m |
| Capital spending | — | −CN¥1.0m | — | — | — | −CN¥4.0m | −CN¥10.0m | −CN¥10.0m |
| Free cash flow | — | — | — | — | — | −CN¥15.0m | — | −CN¥23.0m |
| Total assets | CN¥798.4m | CN¥864.7m | CN¥890.8m | CN¥759.2m | CN¥758.1m | CN¥831.1m | CN¥844.2m | CN¥754.2m |
| Cash and short-term investments | — | — | — | CN¥4.4m | CN¥7.0m | CN¥6.9m | CN¥9.8m | CN¥6.5m |
| Debt | — | — | — | CN¥5.5m | CN¥30.8m | CN¥30.3m | CN¥29.3m | CN¥34.0m |
| Shareholders' equity | CN¥57.6m | CN¥69.4m | CN¥76.7m | −CN¥38.1m | −CN¥31.0m | −CN¥24.4m | −CN¥18.0m | CN¥3.2m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -25.4% | -15.1% | -36.5% | -16.4% | 3.4% | -3.8% | — | — | — | — | — |
| Net margin | -16.6% | -11.3% | -31.8% | -16.7% | 1.5% | -4.2% | — | — | — | — | — |
| Return on equity | -72.2% | 185.5% | -239.3% | -32.2% | 5.3% | -27.6% | — | — | — | — | — |
| Return on assets | -6.2% | -3.9% | -8.9% | -11.0% | 2.6% | -5.3% | — | — | — | — | — |
| Free cash flow yield | -2.8% | 5.6% | 23.6% | -1.7% | -3.0% | 1.2% | — | — | — | — | — |
| Revenue growth | 12.6% | 55.0% | 46.1% | -58.9% | 16.6% | 192.3% | — | — | — | — | — |
| Earnings growth | 66.1% | -45.0% | 178.6% | -558.5% | -141.8% | -68.2% | — | — | — | — | — |
| Current ratio | 0.47x | 0.31x | 0.30x | 1.30x | 1.66x | 1.09x | — | — | — | — | — |
| Debt to equity | — | -1.63x | 0.48x | 0.04x | — | — | 0.11x | — | — | -7.37x | 1.16x |
| Equity ratio | 8.6% | -2.1% | 3.7% | 34.1% | 48.3% | 19.0% | — | — | — | — | — |
| Interest coverage | -4.68x | -5.96x | -15.50x | -207.60x | 62.95x | -85.25x | — | — | — | — | — |
| R&D as a share of sales | — | — | 0.3% | 1.3% | 1.3% | 1.3% | — | 1.0% | 2.3% | — | — |
| Buybacks as a share of market value | 0.2% | 0.3% | -1.5% | 1.2% | 2.4% | -5.4% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 36.6% | 4.1% | -1.2% |
| Operating income | -32.5% | -7.8% | -11.1% |
| Net income | 36.5% | 37.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.1% | -14.8% | -9.0% | -10.9% |
| Net margin | -14.1% | -18.0% | -11.6% | -9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -29.3 | -70.7 | -78.9 | -197.2 | — | -195.9 | -56.1 | 325.1 | -342.3 | -103.0 |
| Price to sales | 4.9 | 8.0 | 25.1 | 32.9 | 8.5 | 8.2 | 21.6 | 32.0 | 64.9 | 55.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jul 2013.
| FY2013 | FY2012 | FY2010 | |
|---|---|---|---|
| Paid in the year | 0.04 | 0.125 | 0.071 |
- 2-for-1 split · 1 Jul 2013
- 2-for-1 split · 11 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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