B 
2.55
+9.91%
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¥342.5m
FY2016FY2025
Net income
−CN¥75.9m
FY2016FY2025
Free cash flow
CN¥84.8m
FY2016FY2025
Shareholders' equity
CN¥2.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥342.5m | CN¥876.9m | CN¥569.2m | CN¥3.41bn | CN¥10.49bn | CN¥8.73bn | CN¥8.10bn | CN¥13.29bn | CN¥15.23bn | CN¥8.56bn |
| Gross profit | CN¥70.0m | −CN¥1.13bn | −CN¥1.85bn | −CN¥873.4m | CN¥989.7m | CN¥1.54bn | CN¥2.28bn | CN¥4.51bn | CN¥4.82bn | CN¥2.83bn |
| Research and development | — | CN¥56.7m | CN¥85.2m | CN¥111.0m | CN¥170.1m | CN¥187.9m | CN¥232.9m | CN¥370.0m | CN¥429.2m | CN¥245.8m |
| Operating income | −CN¥20.5m | −CN¥2.87bn | −CN¥3.94bn | −CN¥4.70bn | −CN¥430.9m | −CN¥567.0m | CN¥862.3m | CN¥1.85bn | CN¥2.62bn | CN¥1.87bn |
| Net income | −CN¥75.9m | −CN¥3.60bn | −CN¥5.08bn | −CN¥5.82bn | −CN¥1.16bn | −CN¥492.3m | CN¥16.5m | CN¥1.60bn | CN¥2.18bn | CN¥1.30bn |
| Diluted earnings per share | -0.01 | -0.72 | -1.44 | -2.16 | -0.40 | -0.12 | 0.01 | 0.59 | 0.83 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.38bn | CN¥2.16bn | CN¥36.19bn | CN¥40.79bn | CN¥45.21bn | CN¥45.40bn | CN¥42.41bn | CN¥42.09bn | CN¥35.11bn | CN¥24.01bn |
| Cash and short-term investments | — | CN¥804.8m | CN¥548.9m | CN¥727.2m | CN¥1.36bn | CN¥1.60bn | CN¥1.50bn | CN¥2.41bn | CN¥3.44bn | CN¥2.81bn |
| Total liabilities | CN¥1.98bn | CN¥624.8m | CN¥35.13bn | CN¥34.73bn | CN¥33.07bn | CN¥32.14bn | CN¥29.75bn | CN¥29.18bn | CN¥23.74bn | CN¥14.57bn |
| Debt | — | CN¥2.9m | CN¥5.35bn | CN¥7.49bn | CN¥14.78bn | CN¥12.84bn | CN¥11.49bn | CN¥4.87bn | CN¥4.62bn | CN¥4.83bn |
| Shareholders' equity | CN¥2.41bn | CN¥1.54bn | −CN¥196.9m | CN¥4.91bn | CN¥10.72bn | CN¥11.89bn | CN¥12.39bn | CN¥12.76bn | CN¥11.31bn | CN¥9.19bn |
| Shares outstanding | 5,927m | 5,020m | 3,540m | 2,699m | 2,900m | 4,212m | 2,331m | 2,694m | 2,632m | 2,406m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥91.5m | −CN¥103.5m | −CN¥251.7m | −CN¥271.9m | CN¥754.5m | −CN¥746.2m | −CN¥1.33bn | CN¥50.9m | CN¥2.92bn | CN¥1.57bn |
| Capital spending | −CN¥6.7m | −CN¥68.0m | −CN¥204.1m | −CN¥377.0m | −CN¥871.4m | −CN¥697.1m | −CN¥1.26bn | −CN¥1.01bn | −CN¥430.1m | −CN¥344.1m |
| Free cash flow | CN¥84.8m | −CN¥171.5m | −CN¥455.8m | −CN¥648.9m | −CN¥116.8m | −CN¥1.44bn | −CN¥2.59bn | −CN¥958.8m | CN¥2.49bn | CN¥1.22bn |
| Dividends paid | −CN¥159,974 | −CN¥167.0m | −CN¥439.6m | −CN¥724.4m | −CN¥892.8m | −CN¥859.6m | −CN¥252.4m | −CN¥680.1m | −CN¥383.3m | −CN¥352.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥117.6m | CN¥31.6m | CN¥186.3m | CN¥87.0m | CN¥62.0m | CN¥7.2m | CN¥192.4m | CN¥103.0m |
| Gross profit | CN¥63.6m | CN¥7.9m | CN¥6.3m | CN¥32.8m | CN¥29.1m | CN¥1.8m | −CN¥585.5m | −CN¥257.6m |
| Operating income | CN¥49.8m | −CN¥5.4m | −CN¥42.5m | CN¥1.2m | CN¥67,476 | −CN¥4.9m | −CN¥1.35bn | −CN¥887.1m |
| Net income | CN¥16.9m | −CN¥13.8m | −CN¥73.8m | −CN¥630,843 | CN¥3.4m | −CN¥4.9m | −CN¥1.32bn | −CN¥1.14bn |
| Diluted earnings per share | 0.00 | -0.00 | -0.01 | -0.00 | 0.00 | -0.00 | -0.26 | -0.23 |
| Cash from operations | — | — | — | CN¥13.0m | CN¥85.0m | −CN¥28.0m | −CN¥130.0m | CN¥24.0m |
| Capital spending | — | −CN¥37.0m | −CN¥5.0m | — | — | — | −CN¥7.0m | −CN¥7.0m |
| Free cash flow | — | — | — | — | — | — | −CN¥137.0m | CN¥17.0m |
| Total assets | CN¥7.08bn | CN¥4.21bn | CN¥4.38bn | CN¥3.37bn | CN¥3.36bn | CN¥1.94bn | CN¥2.16bn | CN¥33.41bn |
| Cash and short-term investments | — | — | — | CN¥550.3m | CN¥576.7m | CN¥566.6m | CN¥804.8m | CN¥384.2m |
| Debt | CN¥1.25bn | — | — | CN¥57.5m | CN¥9.1m | CN¥6.0m | CN¥2.9m | CN¥4.57bn |
| Shareholders' equity | CN¥2.41bn | CN¥2.40bn | CN¥2.41bn | CN¥1.54bn | CN¥1.54bn | CN¥1.53bn | CN¥1.54bn | −CN¥2.47bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.4% | -128.9% | -325.4% | -25.6% | 9.4% | 17.7% | — |
| Operating margin | -5.7% | -326.9% | -692.9% | -138.0% | -4.1% | -6.5% | — |
| Net margin | -22.2% | -410.9% | -893.1% | -170.6% | -11.0% | -5.6% | — |
| Return on equity | -3.1% | -234.2% | 2582.0% | -118.5% | -10.8% | -4.1% | — |
| Return on assets | -1.7% | -166.6% | -14.0% | -14.3% | -2.6% | -1.1% | — |
| Free cash flow yield | 0.7% | -0.3% | -0.6% | 1.7% | 25.1% | -0.5% | — |
| Revenue growth | -60.9% | 54.1% | -83.3% | -67.5% | 20.2% | 7.8% | — |
| Earnings growth | -97.9% | -29.1% | -12.6% | 402.1% | 135.3% | -3085.8% | — |
| Current ratio | 1.94x | 1.40x | 0.59x | 0.77x | 1.18x | 1.18x | — |
| Debt to equity | — | 0.00x | -27.09x | 1.52x | 1.37x | 1.08x | 0.93x |
| Equity ratio | 54.9% | 71.1% | -0.5% | 12.0% | 23.7% | 26.2% | — |
| Interest coverage | -0.34x | -2.91x | -3.98x | -4.88x | -0.49x | -0.68x | — |
| R&D as a share of sales | — | 6.5% | 15.0% | 3.3% | 1.6% | 2.2% | 2.9% |
| Buybacks as a share of market value | -18.1% | -41.8% | -31.2% | 6.9% | 31.1% | -80.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -53.5% | -47.7% | -24.1% |
| Operating income | -83.7% | -48.5% | — |
| Net income | -76.5% | -31.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -87.0% | -72.8% | -5.1% | 19.9% |
| Operating margin | -236.8% | -221.9% | -51.3% | -6.2% |
| Net margin | -301.7% | -280.5% | -66.5% | -14.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -175.8 | -2.6 | -1.3 | -1.0 | -7.5 | -35.4 | — | 11.8 | 24.4 | 26.3 |
| Price to sales | 38.9 | 10.8 | 12.0 | 1.7 | 0.8 | 2.0 | 1.4 | 1.4 | 3.5 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Aug 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.094 | 0.065 | 0.03 | 0.024 | 0.026 | 0.032 | 0.031 | 0.013 |
- 5-for-2 split · 18 Jul 2016
- 3-for-2 split · 23 Jun 2014
- 2-for-1 split · 22 May 2013
- 2-for-1 split · 8 Jun 2012
- 2-for-1 split · 26 Aug 2010
- 3-for-2 split · 19 Mar 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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