C 
8.48
-1.17%
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¥397.9m
FY2016FY2025
Net income
−CN¥18.1m
FY2016FY2025
Free cash flow
−CN¥53.0m
FY2016FY2025
Shareholders' equity
CN¥968.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥397.9m | CN¥366.1m | CN¥461.2m | CN¥466.4m | CN¥405.3m | CN¥674.2m | CN¥1.17bn | CN¥1.44bn | CN¥1.67bn | CN¥1.83bn |
| Research and development | — | — | — | CN¥39,562 | CN¥695,425 | CN¥892,822 | CN¥2.0m | CN¥4.2m | CN¥5.6m | CN¥15.3m |
| Operating income | −CN¥6.2m | CN¥37.7m | CN¥30.9m | CN¥59.6m | −CN¥278.4m | −CN¥356.1m | CN¥196.1m | −CN¥1.02bn | CN¥483.0m | CN¥432.7m |
| Net income | −CN¥18.1m | CN¥30.3m | CN¥27.6m | CN¥49.2m | −CN¥234.0m | −CN¥351.7m | CN¥164.7m | −CN¥1.09bn | CN¥408.4m | CN¥290.1m |
| Diluted earnings per share | -0.04 | 0.05 | 0.07 | 0.08 | -0.34 | -0.66 | 0.36 | -2.25 | 0.89 | 0.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.72bn | CN¥1.62bn | CN¥1.27bn | CN¥1.62bn | CN¥1.76bn | CN¥2.47bn | CN¥2.62bn | CN¥3.25bn | CN¥5.39bn | CN¥3.96bn |
| Cash and short-term investments | — | CN¥228.0m | CN¥192.1m | CN¥370.7m | CN¥240.8m | CN¥420.9m | CN¥322.7m | CN¥634.0m | CN¥1.49bn | CN¥784.1m |
| Total liabilities | CN¥745.5m | CN¥628.6m | CN¥269.9m | CN¥652.2m | CN¥840.3m | CN¥1.31bn | CN¥935.2m | CN¥1.72bn | CN¥2.69bn | CN¥2.59bn |
| Debt | CN¥162.4m | CN¥274.2m | CN¥36.4m | CN¥93.2m | CN¥206.9m | CN¥366.1m | CN¥449.7m | CN¥748.4m | CN¥1.13bn | CN¥940.5m |
| Shareholders' equity | CN¥968.5m | CN¥996.9m | CN¥966.9m | CN¥939.3m | CN¥892.7m | CN¥1.12bn | CN¥1.47bn | CN¥1.48bn | CN¥2.64bn | CN¥1.35bn |
| Shares outstanding | 502m | 597m | 417m | 584m | 695m | 530m | 463m | 487m | 457m | 433m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥53.0m | −CN¥234.7m | CN¥12.3m | CN¥243.1m | CN¥90.8m | −CN¥26.2m | CN¥223.4m | −CN¥101.7m | CN¥161.1m | CN¥101.1m |
| Capital spending | −CN¥14,741 | −CN¥546,000 | −CN¥16,558 | −CN¥218,000 | −CN¥64,526 | −CN¥47,911 | −CN¥556,000 | −CN¥4.6m | −CN¥6.3m | −CN¥10.3m |
| Free cash flow | −CN¥53.0m | −CN¥235.3m | CN¥12.3m | CN¥242.9m | CN¥90.7m | −CN¥26.2m | CN¥222.9m | −CN¥106.3m | CN¥154.7m | CN¥90.8m |
| Dividends paid | −CN¥10.6m | −CN¥3.7m | −CN¥1.2m | −CN¥9.4m | −CN¥21.2m | −CN¥17.3m | −CN¥25.4m | −CN¥124.9m | −CN¥101.1m | −CN¥54.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.4m | CN¥2.5m | CN¥205.3m | CN¥2.9m | CN¥1.0m | CN¥188.7m | CN¥313.5m | CN¥2.9m |
| Operating income | −CN¥5.6m | −CN¥3.8m | −CN¥6.4m | −CN¥4.8m | −CN¥29.4m | CN¥4.9m | CN¥25.1m | −CN¥1.9m |
| Net income | −CN¥20.1m | −CN¥13.1m | CN¥9.3m | −CN¥4.3m | −CN¥25.1m | CN¥2.0m | CN¥18.9m | −CN¥2.8m |
| Diluted earnings per share | -0.04 | -0.03 | 0.02 | -0.01 | -0.05 | 0.00 | 0.03 | -0.00 |
| Cash from operations | — | — | — | −CN¥54.0m | CN¥9.0m | −CN¥63.0m | −CN¥84.0m | −CN¥46.0m |
| Total assets | CN¥1.50bn | CN¥1.60bn | CN¥1.72bn | CN¥1.76bn | CN¥1.73bn | CN¥1.67bn | CN¥1.62bn | CN¥1.48bn |
| Cash and short-term investments | — | — | — | CN¥162.3m | CN¥200.2m | CN¥170.3m | CN¥228.0m | CN¥158.0m |
| Debt | CN¥105.2m | CN¥162.2m | CN¥162.4m | CN¥203.2m | CN¥339.4m | CN¥312.3m | CN¥274.2m | CN¥159.9m |
| Shareholders' equity | CN¥935.7m | CN¥955.6m | CN¥968.5m | CN¥962.4m | CN¥973.9m | CN¥999.1m | CN¥996.9m | CN¥978.3m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.2% | 11.7% | 8.7% | 17.8% | -68.7% | -49.6% | — | — | — |
| Net margin | -4.5% | 8.3% | 6.0% | 10.6% | -57.7% | -52.2% | — | — | — |
| Return on equity | -1.9% | 3.0% | 2.9% | 5.2% | -26.2% | -31.4% | — | — | — |
| Return on assets | -1.1% | 1.9% | 2.2% | 3.0% | -13.3% | -14.2% | — | — | — |
| Free cash flow yield | -1.0% | -3.6% | 0.3% | 3.8% | 1.2% | -0.5% | — | — | — |
| Revenue growth | 8.7% | -20.6% | -1.1% | 15.1% | -39.9% | -42.4% | — | — | — |
| Earnings growth | -159.6% | 9.8% | -43.9% | -121.0% | -33.5% | -313.5% | — | — | — |
| Current ratio | 2.48x | 2.26x | 3.52x | 2.28x | 2.02x | 1.93x | — | — | — |
| Debt to equity | 0.17x | 0.28x | 0.04x | 0.10x | 0.21x | 0.33x | — | — | — |
| Equity ratio | 56.4% | 61.6% | 76.3% | 57.9% | 50.8% | 45.4% | — | — | — |
| Interest coverage | -0.46x | 10.65x | 32.47x | 8.65x | -13.83x | -15.66x | — | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.2% | 0.1% | 0.2% | 0.3% | 0.3% |
| Buybacks as a share of market value | 16.0% | -43.3% | 28.7% | 15.9% | -31.2% | -14.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | -10.0% | -7.4% |
| Operating income | — | -55.6% | — |
| Net income | — | -44.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.1% | 7.2% | -18.5% | -1.8% |
| Net margin | 1.6% | 5.3% | -17.9% | -5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -198.7 | 122.0 | 98.6 | 77.3 | -17.2 | -9.7 | 34.1 | -4.0 | 28.4 | 48.2 |
| Price to sales | 9.0 | 10.1 | 5.9 | 8.2 | 9.9 | 5.1 | 4.8 | 3.1 | 7.0 | 7.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2018.
| FY2018 | FY2017 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.129 | 0.066 | 0.179 | 0.25 | 0.179 | 0.179 | 0.214 |
- 7-for-5 split · 22 Jun 2018
- 2-for-1 split · 26 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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